Front-facing website of StateEarns has nothing to do with its MLM offer.
This seems to be an effort to conceal investment fraud.
Staten fails to give information on the company’s ownership and executives. The only information supplied is a WhatsApp number.
This immediately raises a red signal.
StateEarn’s (“stateearn.com”) website domain was privately registered on September 26, 2022.
If an MLM firm is not transparent about who runs or controls it, you should always think twice before joining and/or contributing money.
Staten does not provide any items or services for sale.
Affiliates may only promote affiliate membership with Staten.
StateEarn’s Reward Program
Affiliates of StateEarn spend $5 with the promise of a return.
Affiliates of StateEarn must pass through several hoops to obtain the return (watch social media videos, visit websites, click on ads, etc.).
No ROI figures for a $5 investment are available.
Staten gives referral commissions on invested cash at three recruiting levels:
level 1 (affiliates directly recruited) – $2.50 level 2 – $1.50 level 3 – $0.50
Staten affiliate membership is contingent upon an initial commitment of $5.
StateEarn dresses up a $5 platform that grants access to a variety of resources.
The majority of them are useless fluff, with returns derived from “watch and earn” and trivia.
StateEarn is an ancient advertising Ponzi scheme, trivia aside. Paid views violate the terms of service of all social media platforms.
Moreover, it does not earn any income (accounts specially designed to influence views on do not live long).
Referral commissions account for $4.50 of every $5 invested. This leaves StateEarn recycling fifty cents of every five dollars invested to pay returns.
Possible less based on how much the StateEarn owner(s) is/are taking from the top.
Considering these numbers, StateEarn operates more effectively as a pyramid scam than as a Ponzi scheme.
This does not disprove that StateEarn is a Ponzi scheme. Putting aside the fact that all Ponzi schemes are fraudulent, StateEarn’s Ponzi scheme is worse than average (jump through hoops to earn peanuts).
The majority of StateEarn’s earnings will come from the recruitment of new affiliates.
Staten looks to be a fraud perpetrated by Africans targeting Africans, however, I cannot confirm this.
StateEarn’s marketing attempts to recruit new victims from Uganda, Rwanda, Zambia, and Kenya were discovered throughout my study.
Staten solicits investment via the African mobile service providers MTN and AirTel.
Both providers were used to solicit investments for the defunct BLQ Football Uganda Ponzi scam.
Both MTN and AirTel appear to have rules for detecting fraud that is insufficient.
As with many MLM Ponzi schemes, ROI revenue will cease to exist once affiliate recruitment dries up.
This will deplete StateEarn of ROI money, resulting in its eventual demise.
The mathematics underlying MLM Ponzi schemes ensures that the majority of participants will lose money upon their collapse.