Fluxcard fraud is lurking for investors! Be careful!

In the financial environment, especially in recent years, with the emergence and expansion of internet investment methods and new methods, fraudsters are always looking for new ways to abuse people's trust and capital. Recently, a dubious scheme called Fluxcart has caught the attention of many people. In this report, an attempt has been made to examine the activities of this site and warn investors about its risks.

Flaxcard's deceptive claims

Fluxcard bills itself as an e-commerce platform that it claims helps sellers increase their sales on major online stores like Amazon. This site entices users to participate in its schemes with attractive promises of profit. But are these claims true or are they just bait to attract uninformed investors?

Fluxcard claims that users can help sellers who contract with the site to boost their rankings and sales by making fake purchases on Amazon and other online commerce platforms. This site claims that after making these fake purchases, it returns the purchase amount to the user's account and pays a part of the income of the contract with the seller to the user as profit.

Suspicious structure and warning signs

The structure of Fluxcard's activity has several warning signs that should be noted. The first one is the mandatory referral system, where new users can become members of the site only by using a referral code. This method creates a pyramidal network structure commonly seen in fraud schemes.

In addition, in order to participate in the project, users are required to make an initial deposit of $100 Tether to the Fluxcart address, without guaranteeing the security of capital and validation of this website. The site makes claims that fake purchases can be made on platforms like Amazon, which are highly questionable and virtually unverifiable.

Promises of unusual profits are another warning sign. Flux Card claims to return not only the principal but also significant profits to users without any risk, hassle or activity. In fact, this site claims that if you just deposit money to this site and click a few times, you will have a high dollar income, such promises are almost only seen in financial fraud schemes.

Fluxcard's reward system is also very questionable. For example, the site claims to reward a user with $1 for each new signup with their referral code. Also, if a new user deposits $100 to the site, $8 will be added to the referrer's account. This rewards system is clearly focused on attracting new members and depositing more money, not on actual business activity.

In addition, Fluxcard claims a tiered reward system, according to which it pays the owner of the referral code $50 with the participation of 5 users, $80 for 10 users, $150 for 20 users, and $300 for the participation of 30 users. . But it should be noted that if 30 users are activated on the site with one person's code, that means they have deposited at least 3,000 dollars to the site, and paying 300 dollars to that person is not a very generous figure, and remains only a bait to attract more people.

Obvious similarities with pyramid and Ponzi schemes

The structure of Fluxcard has many similarities with pyramid and Ponzi schemes. The main focus is on attracting new members, so that the main rewards are determined based on inviting new users. The multi-level reward system, where users also benefit from the income of their affiliates, is another classic feature of pyramid schemes.

Promises of extravagant profits without any risk, which seem illogical given the lack of actual economic activity, are another indication of the dubious nature of the scheme. In addition, there is a high possibility that this system is actually a Ponzi scheme, where the profits and bonuses of older users are paid out of the capital of new members.

Read more: What is a Ponzi scheme and how to identify this scam?

Flux Card claims that with its three-layer marketing method, it gives users more than 60-65% of the total revenue of the site in the form of team members and affiliates, and only 35-40% of the revenue belongs to the site. This claim also seems very doubtful and there is no reliable and clear evidence and documentation to confirm it.

Why should you be careful?

There are serious concerns about Flux Card's activities. Lack of transparency regarding contracts with vendors and how fictitious purchases are made are among the things that cannot be verified. It seems that the main purpose of this structure is simply to receive dollars and Tether from users, without providing any real service or creating any added value.

The lack of any security assurance or system validation for user investment is another concern. Users are required to deposit money without any support or assurance of the safety of their capital. Also, the fact that the site is active in Farsi is also very suspicious and could be a sign of targeting Iranian users, which is also worthy of consideration.

Another noteworthy point is that Fluxcard has published documents regarding registration as a company in Thailand to gain the trust of users. However, these documents are also insufficient and questionable and cannot provide the necessary credibility for the suspicious activities of this site. In addition, the Fluxcard site has a rather strange appearance and structure, which itself can raise another alarm about the possibility of its being a scam.

A closer analysis shows that the whole purpose of this site is not to involve teams in real or even fake buying and selling, but to stimulate them to deposit higher and higher figures through Tether dollars. This is clearly evident with regard to the reward system and conditions for receiving benefits.

Summary and final warning

Fluxcard has almost all the hallmarks of a Ponzi scheme. Lack of transparency in performance, unrealistic profit promises, and focus on attracting new members are all serious warnings that should not be ignored. Investors are strongly advised to refrain from participating in such schemes and always do thorough research before making any investment.

Remember: If an offer looks too good, it's probably not real and it's a scam. Vigilance and protection of personal capital is the key to avoid falling into the trap of such scams. Always act carefully and carefully and use reliable sources to get information so that the security of your capital is not compromised.