Nykaa Mall fails to offer possession or govt data on its web site.
Nykaa Mall’s web site area (“nykaa-mall.vip”), was registered with bogus particulars on September fifth, 2024.
Nykaa Mall has already attracted the eye of economic regulators. The Central Financial institution of Russia issued a Nykaa Mall pyramid fraud warning on September sixth, 2024.
As all the time, if an MLM firm will not be overtly upfront about who’s operating or owns it, assume lengthy and exhausting about becoming a member of and/or handing over any cash.
Nykaa Mall’s Merchandise
Nykaa Mall has no retailable services or products.
Associates are solely capable of market Nykaa Mall affiliate membership itself.
Nykaa Mall’s Compensation Plan
Nykaa Mall associates make investments tether (USDT). That is executed on the promise of marketed passive returns:
- VIP1 – make investments 10 USDT and obtain 3 USDT a day
- VIP2 – make investments 30 USDT and obtain 10 USDT a day
- VIP3 – make investments 120 USDT and obtain 40 USDT a day
- VIP4 – make investments 350 USDT and obtain 120 USDT a day
- VIP5 – make investments 850 USDT and obtain 305 USDT a day
- VIP6 – make investments 1950 USDT and obtain 730 USDT a day
- VIP7 – make investments 3950 USDT and obtain 1520 USDT a day
- VIP8 – make investments 7950 USDT and obtain 3200 USDT a day
- VIP9 – make investments 16,500 USDT and obtain 6900 USDT a day
- VIP10 – make investments 34,500 USDT and obtain 17,000 USDT a day
Nykaa Mall pays referral commissions on invested USDT down three ranges of recruitment (unilevel):
- degree 1 (personally recruited associates) – 17%
- degree 2 – 3%
- degree 3 – 2%
Becoming a member of Nykaa Mall
Nykaa Mall affiliate membership is free.
Full participation within the connected earnings alternative requires a minimal 10 USDT funding.
Nykaa Mall Conclusion
Nykaa Mall is one more “click on a button” app Ponzi scheme.
Nykaa Mall misappropriates the identify and branding of Nykaa, an Indian magnificence wellness and style retailer.
Evidently Nykaa Mall has nothing to do with Nykaa the Indian retailer.
Nykaa Mall doesn’t trouble arising with a ruse. This makes it a typical “task-based” Ponzi scheme.
The assigned activity in Nykaa Mall is “orders”. This sees Nykaa Mall affiliate buyers log in every day to “click on a button”.
Clicking the button every day qualifies Nykaa Mall buyers to obtain every day returns.
Past that clicking a button inside Nykaa Mall does nothing, there is no such thing as a exterior income. All Nykaa Mall does is recycle newly invested funds to pay earlier buyers.
Examples of already collapsed “click on a button” app Ponzis utilizing the stolen id ruse are Lime Mall, Midday Mall and You Cubez.
Since 2021 BehindMLM has documented tons of of “click on a button” app Ponzis. Most of them final a couple of weeks to a couple months earlier than collapsing.
“Click on a button” app Ponzis disappear by disabling each their web sites and app. This tends to occur with out discover, leaving the vast majority of buyers with a loss (inevitable Ponzi math).
Organized crime pursuits from China function rip-off factories behind “click on a button” Ponzis from south-east Asian nations.
In September 2024, the US Division of Treasury sanctioned Cambodian politician Ly Yong Phat over ties to Chinese language human trafficking rip-off factories.
By numerous corporations he owns, Phat is alleged to shelter Chinese language scammers working out of Cambodia.
No matter which nation they function from, the identical group of Chinese language scammers are believed to be behind the “click on a button” app Ponzi plague.
