Beware of DeFiNatics – Review

Rick Katz is the owner of DeFiNatics, which is a new Ponzi scheme based on smart contracts.

In his own words, DeFiNatics will launch a smart contract that affiliates can invest in.

Katz said on August 31 during a webinar that he took DeFiNatics’ smart contract “from a smart contract that’s already working.”

DeFiNatics will ask for investments in ethereum, which will be turned into an ERC-20 token that hasn’t been named yet.

From there, it’s the same old MLM crypto smart-contract Ponzi scheme.

[4:38] Jeremiah: So, basically, what you’re saying is that, as a community, if we understand that once we get this thing going, once the contract launches, if we stick together as a community and understand, if we can hold this and compound it for… collectively, we can bring in outsiders, which will grow it and make it worth more.

So we keep making money, and then we could start taking some of that money without lowering the value.

Do you mean to say that?

Rick Katz: Guys, you know what’s crazy? Jeremiah said all of that, and he was right.

Returns will be made in DeFiNatic’s token, which will eventually let affiliate investors get back more than they put in.

[13:58] I think you should just keep your tokens and see what happens, but it’s up to you.

Because it works already. How the process of compounding works and what might happen as a result.

Okay. Well, you know what it means to compound, which is to buy more. Right? You’re going to buy more.

So as long as you’re making money… Listen, doesn’t everyone know what ethereum is? You all know how much that coin is worth, right?

The whole point of this program is to get you as much ethereum as you can hold.

Here’s how the adding up will work: The right to use smart contracts, as… Because that’s what they’re called, you have to call them tokens, but they’re more like bonds. The same as corporate bonds. Savings bonds. Right?

So these are going to make you money. To make your money grow, all you have to do is buy more of these bonds with some or all of your earnings.

[21:17] At some point, we’ll be able to choose to have automatic compounding.

Katz (on the right) says that he thinks new investors will join because the value of DeFiNatic tokens will “go up and up and up.”

[34:28] This will pay off in the end, you know. The more people we get involved, the less recruiting we have to do.

Tell people, “Hey, they’re giving money away for free.”

We might not even need to sell this. People will see this token on the charts and ask, “What is it?” Who are all these DeFiNatics? What’s happening? It just keeps getting better and better. Ohhh, I get it. I should probably get some of these coins. What? “Each one costs $10,000?”

DeFiNatics will hide its Ponzi scheme behind a games platform that hasn’t been named.

It looks like some DeFiNatics know about MLM crypto Ponzi schemes.

At [7:28], two DeFiNatics affiliates ask Rich/Rick about “the functionality” of the shitcoin that DeFiNatics will launch.

Here is the answer they didn’t get:

[7:48] Functionality, guys, we’re an economy at the end of the day.

So, what does a country do? Everything. Buying, selling, trading, dada dada dada.

At the end of the day, we are everything you can think of.

Rich/Rick went on to compare the smart-contract that DeFiNatics made to a “central bank.”

DeFiNatics is a trend that has mostly died out, but there is also an NFT part to it.

NFTs have been promised to those who invest early in DeFiNatic’s smart contract.

When asked if he would make the NFTs, Rich or Rick said:

[9:10] It will stand in for our token.

Now, how much will it be worth? It depends on what VIP access is worth.

You know, in two years, when we’re… you know, our worth will be through the roof. You guys should know that this is a long-term plan. It’s for our children and grandchildren.

The name of the NFT platform used by DeFiNatics is “Ether Creatures.” It’s an NFT platform copy of a “hybrid animal.”

Right now, the hybrid animal NFT model is the only one left in the niche.

[10:52] We own the website EtherCreatures.com. We’ll have NFTs for that, and all you have to do to win money is hold one of those NFTs.

By reading between the lines and thinking about how DeFiNatics’ smart contract works, it seems that the NFTs’ value is tied to new investments.

At first, the MLM part of DeFiNatics was linked to a pyramid scheme based on a matrix.

Katz says that this idea was dropped because “CoinPayments… cut us off.”

As of August 1, DeFiNatics paid a 10% commission on the ethereum invested by affiliates they personally recruited. It’s not clear if that has changed since then.

BehindMLM is writing this article because Katz says that anyone who made money through the matrix in DeFiNatics “will still get their matrix commissions.”

Katz says in the August webinar that the smart-contract is still being changed before it goes live.

[1:13] I’m waiting for the smart-contract to be finished right now.

On its website for the public, DeFiNatics has a link to the “CFR” Facebook group.

The group was started in April 2017 as Crypto Fund Raiser. There are 2600 people in the group right now.

Katz, Lori A. Petrosino, and Trisha Barnes are in charge of the CFR Facebook group.

Trisha Barnes sells herself at Cerule as an IBO.

Lori Petrosino has been using social media to promote the HyperFund and Daisy AI Ponzi schemes.

Rick Katz is running a Ponzi scheme, and he knows it. He says that he wants DeFiNatics to be “low-key and underground.”

[2:22] I think everyone now knows that if we want this to work, we need to stay as quiet as possible.

Just tell them one-on-one in a secret way. Talk to people in a Telegram chat room.

Don’t let Facebook and Big Brother see everything you do.

I’m trying to get everyone on Telegram because we shouldn’t be doing this in our Facebook group.

In order to do this, DeFiNatics advertises a company Telegram group on its homepage:

The Telegram group for DeFiNatics was set up on August 2:

At the end of August, there were 440 people in it.

Katz probably thinks that if regulators look into DeFiNatics, the use of Telegram will make it easier to get rid of evidence that could be used against them.

Katz thinks he has the right to run Ponzi schemes because “the financial system is broken” and “the government takes all the money.”

As of August 1, it was said that DeFiNatics’ smart contract was still being finished up. I couldn’t find any public updates after that.

Katz said on August 26 that DeFiNatics was going to start soon:

Katz plans to start an in-house cryptocurrency exchange after DeFiNatics’ smart-contract Ponzi scheme goes live.

He thinks that this will bring in “another ten million dollars” for DeFiNatics.

Just over 300,000 DeFiNatics tokens are the most that can be made. Katz says that “each of them will be worth thousands of dollars.”

[18:25] Most of the smart-value contract’s will be spread out in different places.

No one can stop that. Unless… I don’t know how the government could stop decentralized exchanges from working.

Katz himself says that DeFiNatics’ smart contract is

is money that comes in by itself. Click here, click there, and then you can go fishing for the day.

Is that easy or hard work or something else? (laughs)

The fact that DeFinatics’s smart-contract Ponzi scheme is passive means that it is an offering of securities.

The SEC would be in charge of making rules about this.

Rick Katz says on his Facebook page that he lives in California. It is also thought that Trisha Barnes and Lori Petrosino live in the US.

Change on May 6, 2022 – There doesn’t seem to be much going on at DeFiNatics.

The August Rick Katz webinar that was mentioned has been taken down at some point in the last week. I did have a link to it, but because it was taken down, I took it down.

Aside from that, no one goes to the DeFiNatics website, which still has a “coming soon” landing page. Ether Creatures, an NFT game, is still “being made.”

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