RainbowEx Review: “Click a Button” Ponzi Targeting Argentina
- Crypto MLM Reviews
- October 21, 2024
Welcome to my RainbowEx Review!
RainbowEx has recently made waves in Argentina, drawing in millions of visitors monthly with promises of effortless passive returns. But behind the flashy marketing and the lure of easy money, is RainbowEx just another scam? In this article, we’ll dive into the structure of RainbowEx, uncover its dubious ties to China, and explain why this MLM scheme might not be what it seems.
Before I dive in…
Do you want to know a 100% legit way to make an income from home?
What if you could build a passive income stream that’s actually passive?
An income stream that doesn’t require:
- Being on the phone all day
- Wasting hours of your life when people no-show
- Trading your time for money
- Financial stress during a bad month
- Letting someone else control your fate
- No Trading or mining
- 100% Passive rewards from crypto 12% to 200% per year
Student below is up $1000 in a week!
Remember, Lynn is brand new she just got started!
You know what is awesome about this method?
You could actually build in your spare time, and grow as large or as small as you want to, without having to spend hours a day chasing prospects and reciting the same sales pitch over and over again?
If that sounds like something you’d be interested in, check out New Digital Economy.
If you want to know more about Rainbow Ex keep reading…
What is RainbowEx Review?
RainbowEx operates through its website, “rainbowex.life,” which was privately registered on July 2nd, 2024. The website’s source code is localized to Chinese, strongly suggesting connections to China. Despite its flashy claims, RainbowEx offers no actual products or services that customers can purchase. Instead, affiliates are encouraged to invest and recruit others to join the scheme.
- No Real Products: RainbowEx doesn’t sell anything tangible. The only way affiliates can earn is by recruiting others.
- Chinese Ties: The website’s code points to Chinese origins, raising questions about who’s really behind the operation.
How Does RainbowEx Work?
RainbowEx’s compensation plan hinges on investment and recruitment. Affiliates invest in tether (USDT) and are promised ongoing returns for their involvement. Commissions are paid through a unilevel structure:
- Level 1: 20% commission for personally recruited affiliates.
- Level 2: 15% commission.
- Level 3: 10% commission.
While the idea of high returns might be enticing, it’s essential to understand that the entire setup depends on new recruits investing their money. The more people you bring in, the more you earn—a classic red flag.
The Knight Consortium Connection
RainbowEx is tied to something called Knight Consortium, which operates from “knightconsortium.com.” The site, registered in October 2023, features AI-generated executives. However, it’s just another extension of the same Chinese group behind RainbowEx. The Knight Consortium is being used as a front to create a sense of legitimacy, even organizing charity drives in Argentina to distract from the underlying fraud.
- Misdirection: Local charity drives are used to gain public trust while the scheme drains funds.
- AI-Generated Executives: The faces behind Knight Consortium aren’t real; they’re fabricated images used to deceive.
The Ponzi Ruse: “Click a Button” Trading Signals
RainbowEx’s primary gimmick is its “click a button” trading signals. Affiliates are required to log in and click a button, supposedly to execute trading signals. The more an affiliate invests, the more they need to click.
But here’s the truth: clicking a button in an app doesn’t generate real revenue. All RainbowEx does is recycle new funds from recruits to pay earlier investors. This model has been seen in numerous collapsed Ponzis like SDT Quant, Pitrex, and TOST.
The Exit-Scam Unfolds in Argentina
Recently, RainbowEx disabled withdrawals for Argentinian users, citing a fake agreement with local regulators. Investors were told they could reactivate their accounts by paying an 88 USDT fee. La Nacion reports that this scam has led to an additional 230,000 USDT stolen from hopeful investors, even though withdrawals remain disabled.
- Fake Notices: The company claims to be negotiating with regulators, but it’s just a cover for their exit-scam.
- Raids in Argentina: Authorities raided two local RainbowEx promoters, revealing the scam’s extent. The Chinese operators behind the scenes remain at large.
RainBowEX Scam – Conclusion
RainbowEx is just another “click a button” Ponzi scheme exploiting unsuspecting investors. The connection to Chinese scammers and the false narratives around trading signals and regulatory agreements are clear signs to stay away. If you’re approached by anyone promoting RainbowEx, think long and hard before investing your money.
Tired of Scams? My #1 Recommendation
If you landed on this blog, you want to actually know how to make money online right? Specially with crypto.
First time ever we are offering a training where we are helping our students who are getting any where between 20% to $200% per year on their crypto with 100% complete control.
YOU control everything and not giving your funds away to some scamming company.
We are going to share with you our personal crypto strategy that is collectively making us over $40,000 per month 100% passive.
Once you learn this skill set, the sky is the limit when it comes to building wealth with crypto where you are in 100% control.
Here are some more results:
This student literally got started a few days ago and already started to make $5 per day!
We are getting over 2000% rewards with this one per year which is LIFE changing.
Now we want to help YOU.
We have complete newbies who are just getting started and making their passive income stream online and then we have some students who have been with us for almost a year completely crushing it.
Digital Digital Economy is the #1 online business model for those just starting out.
Whether you’ve never made a dollar online, or you’ve been in this space for a while but never really “made it,” Digital Real Estate is for you.
I know you will make the right decision.https://goto.primedefi.com/see-how?affid=7&oid=2&sub1=JesseBlogTOST
Follow me on Social media below:
Subscribe To My YouTube Channel Here.
See you at the top,
-Jesse Singh
P.S. If you are tired of failing ANY business, click here and check this out to take your game to the next level.