TreasureNFT promises easy profits through buying, holding, and trading NFTs, with daily value increases and extra incentives like referral commissions and staking rewards.
However, many users report major issues, particularly with withdrawals. Complaints include being unable to withdraw funds, having accounts locked, and facing extra steps that don’t resolve the issue.
These problems raise red flags about the platform.
How TreasureNFT Works Like a Scam?
TreasureNFT shows signs of a Ponzi scheme, relying on a referral system that requires users to recruit new investors before they can withdraw their funds.
The platform promises unrealistic daily returns of 4.3% to 6.8%, which is not possible in legitimate investments. While claiming to be U.S.-based with an MSB license, there’s no proof of its location, leadership, or legal standing.
As withdrawal requests pile up, it’s clear that the platform may be running out of money, which is a common sign of a scam. In many cases like this, the operators eventually disappear with investors’ money.
Here’re My Findings
Unrealistic Promises
The platform promises high daily returns, which is a classic sign of a scam since legitimate investments cannot guarantee such profits.
Referral System
Users are forced to recruit others to earn commissions, a tactic commonly used in pyramid schemes.
Withdrawal Issues
Many investors report being unable to withdraw their funds, with accounts being locked or constantly facing system errors, indicating a lack of liquidity.
Subscription Based Earnings
The introduction of subscription-based earnings makes it more difficult for users to access their money, a common scam tactic to further trap investors.
Lack of Transparency
There is no clear information about the platform’s leadership, legal status, or business operations, which is a major warning sign for potential fraud.
No Real Profit
Since the platform relies on new investor money to pay older investors, it shows signs of being a Ponzi scheme that eventually collapses.
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