Lauren CasperIn the context of rising cryptocurrency scams, which accounted for over $7.8 billion in losses globally in 2023, according to Chainalysis. Forever USDT emerges as a concerning entity.
Forever USDT fails to provide ownership or executive information on its website. Forever USDA’s website domain foreverusdt.com was registered with bogus details on June 16th, 2024. Forever USDT’s website domain is being registered through the Chinese registrar Alibaba (Singapore).
The Federal Trade Commission reported that between January 2021 and June 2023, more than 46,000 people lost over $1 billion to crypto scams in the United States alone. Ponzi schemes and fraudulent investment platforms, like Forever USDT, appear to have made up approximately 32% of all crypto-related scams in 2023.
FOREVER is the world’s best digital currency quantitative trading platform. Its main feature is to provide diversified quantitative transactions to quickly earn commissions. Investors can choose the appropriate template according to their needs to invest and earn commissions. Our working principle is: Our system will automatically add the USDT you deposit into our total fund pool. When your account deposit amount reaches, you can quantify the daily commission you obtain. Because manual market trading requires a lot of manpower, material resources and time to monitor and collect data from different exchanges to complete transactions. This process may miss the best trading opportunities, resulting in reduced profits or even asset shrinkage. Therefore, FOREVER fully automated was born. FOREVER is equipped with 24-hour manual online customer service to track and solve investors’ problems in real time. The trading interface is stable and reliable, and the transaction execution speed is fast, providing investors with an excellent trading experience.
https://foreverusdt.com
Examples of already collapsed “click a button” apps Ponzis using the stolen identity ruse are SuperAI App, Ecard Bot, and HP USDT. Recent examples of quantitative trading ruses include OLYMP Quantify, Oscar AI, and Henry.
As always, if an MLM company is not openly upfront about who runs or owns it, think long and hard before joining and/or handing over any money.
Forever USDT’s Products
Forever USDT does not offer retail products or services. Affiliates can only market the Forever USDT affiliate membership itself.
Forever USDT’s Compensation Plan
Forever USDT affiliates invest tether (USDT). This is done on the promise of advertised returns:
- F01 – invest 14 to 53 USDT and receive 14% a day
- F02 – invest 54 to 153 USDT and receive 14.3% a day
- F03 – invest 154 to 349 USDT and receive 14.7% a day
- F04 – invest 350 to 799 USDT and receive 15.1% a day
- F05 – invest 800 to 1599 USDT and receive 15.5% a day
- F06 – invest 1600 to 3399 USDT and receive 16% a day
- F07 – invest 3400 to 6999 USDT and receive 16.6% a day
- F08 – invest 7000 to 15,999 USDT and receive 17.2% a day
- F09 – invest 16,000 to 29,999 USDT and receive 17.8% a day
- F10 – invest 30,000 to 99,999 USDT and receive 18.5% a day
Forever USDT pays referral commissions on invested USDT down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 11%
- level 2 – 3%
- level 3 – 2%
Joining Forever USDT
Forever USDT affiliate membership is free. Full participation in the attached income opportunity requires a minimum 14 USDT investment.
Forever USDT is yet another “click a button” app Ponzi scheme. Forever USDT misappropriates the name and branding of the MLM company Forever Living Products.
Forever USDT has nothing to do with Forever Living Products. Its Ponzi ruse is “quantitative trading.”
The presented ruse is that Forever USDT affiliates log in and click a button (the more invested, the more the button needs to be clicked). Clicking the button purportedly generates revenue via quantitative trading, which Forever USDT shares a percentage of with affiliate investors.
Forever is a quantitative trading platform that provides investors with tools and services for quantitative trading and helps them do better. In other words, the weapons are ready for you in the quantitative trading platform.
You don’t need to build them yourself; you must learn to use them. With intelligent algorithms as the guide and digital financial transactions as the core, create a trillion-level AI intelligent quantitative market.
If that makes no sense, it’s because it doesn’t. Randoms clicking a button in an app doesn’t trigger quantitative trading. In reality, clicking a button inside Forever USDT does nothing. All Forever USDT does is recycle newly invested funds to pay earlier investors.
Most of the “click a button” app Ponzi average loss per victim in crypto investment scams was around $14,000 in 2023.
“Click a button” app Ponzis disappears by disabling their websites and apps. This tends to happen without notice, leaving most investors with a loss (inevitable Ponzi math).
The same group of Chinese scammers is believed to be behind the “click a button” app Ponzi plague. Notably, stablecoins like USDT, which Forever USDT uses, are increasingly being used in scams, accounting for 18% of all crypto scam transactions in 2023.
Investors should exercise extreme caution with schemes like Forever USDT, given the alarming trends in crypto scams and the red flags in this operation.
