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Wazobia Cash Review: The Disturbing Fact About the Program
|Wazobia Cash Review: The Disturbing Fact About the Program by Blogger: 10:00 am On June 22, 2020|
Wazobia Cash is a pay-to-get-paid program that offers a 50% ROI within three days and subsequent 50% interest in 7 days. In this review, we talked about the disturbing fact about the program and some things you need to know before joining.
Wazobia Cash has been around since 2016. However, it seems the program is at its peak now, maybe, because of the lockdown in some states. It is apparent that more people tend to show interest in get-rich-quick schemes now than before.
Some people are also of the view that since the program has existed for long without crashing, it should be legit. To some extent, it can be said that they are right.
But the truth is that the program was not designed to crash early. And it was not designed to give users much profit as they are promoting.
Let’s get to the point now. According to the information on the Wazobia Cash site, they said that you will earn a 50% profit in 3 days and subsequent profits in 7 days interval.
The offer looks too good to be true. But it is, in fact, too small to be invested in considering the terms of the investment.
Every payment on the Wazobia Cash platform comes with a 100% recommitment policy. Some members did not read meaning into that before joining.
100% recommitment policy means that before you can withdraw, you will provide a help equivalent to or higher than the amount you first invested. For example; you provided your first help of N20,000. In 3 days, you earned N30,000 (50% ROI). To withdraw the N30,000, you will provide another help of N20,000 or higher.
In other words; in the first 3 days, you have not broken even much less a profit. This is against the 50% ROI they are promoting. You can still make a profit by committing and recommitting for a long time.
By mathematical calculation, it will take about 6 rounds of committing and recommitting to make your first profit. This will take like 4 weeks (one month).
That is just one part of the disturbing fact about Wazobia cash. Another part is that the program is based on peer-to-peer donation. You pay somebody and another person pays you.
The same thing MMM and some other failed HYIP programs did. To me, the only different thing between MMM and Wazobia Cash Investment is the recommitment policy employed by the later.
The recommitment policy also favours the administrators of the program more than the participants. It gives them much time to hoard as much money as they want before shutting down.
As a participant, to make much money on the platform, you should be ready to help them get more members. Every investment made by your referral, you get 10%. With that, you can break even quickly and even make profits. But please, before you invite somebody into the program, ensure you explain the concept well to the person.
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