Welcome to my FomoEX Review – 300% ROI eOracle Ponzi?
I have been a professional accountant for 32 years, and heard about FOMOEX just a short time ago. It purports to be a cryptocurrency mining operation for FileCoin. So I decided to take a more in depth look.
FomoEX is promising very high returns, so it has created some hum in the industry.
The accountant in me made a decision to investigate if this company is on the level.
So I am guessing you came here about their residual returns opportunity. I am here to be your personal tour guide through the company products and compensation plan
Be vigilant and keep reading to the end…
FOMOex Review – What Is it?
When I investigated the “The Company section”, FOMOex Says they offer an innovative FileCoin Crypto mining system with a winning referral marketing program.
Honestly, they do not tell us how it works they just say “the project was born from the ideas of our founders.”
The domain “FOMOex” was privately registered on September 22nd, 2021.
Anyway, this company promises to produce big returns, but is vague about how they earn money.
Leadership
Stephen Meade is the President and David Hung is the CEO. Stephen Meade claims to be an American Business executive, and David Hung claims ownership of one of the largest Filecoin mining farms in Singapore. Steven Meade is featured in Facebook and Wikipedia and is said to run 3 companies currently, and 8 others during his lifetime. How would you verify Mr. Hung’s claim is less easy. Trip to Singapore anybody?
In a recent meeting in Dubai, Mr. Hung has had private talks with none other than Sam (Hyperfund Scammer) Lee. Dubai seems to be the place where crypto scammers hang out with little to no repercussions.
Regulation
This one is an unregulated Crypto Company. Easy to invest, but hard to pull money out.
FOMOex Review – What Is it? ws – The Products
FOMOex sells no retail products nor has any sales of services to actual retail customers, you must affiliate first.
Once you affiliate, you can recruit and invest into the company.
FOMOex Compensation Plan
FomoEX solicits investment in cryptocurrency on the promise of advertised returns.
- P-1 – investing $100 and receiving up to 10% a month
- P-2 – investing $300 and receiving up to 11% a month
- P-3 – investing $500 and receiving up to 12% a month
- P-4 – investing $1000 and receiving up to 13% a month
- P-5 – investing $5000 and receiving up to 14% a month
- P-6 – investing $10,000 and receiving up to 15% a month
- P-7 – investing $25,000 and receiving up to 16% a month
Returns max at 300%, but guess what continuing reinvestment is is required to continue earning.
FomoEX solicits investment in USDT, ECN and MOF:
- 100% of investment amount can be made in USDT
- up to 70% of investment amount can be made in USDT, the residual 30% can be made in ECN or MOF
The MLM side of FomoEX pays on recruitment of affiliate investors. FomoEX affiliates must maintain an active investment to produce MLM commissions.
FomoEX pays monthly returns and MLM commissions in F-USD.
F-USD is an internal token. It is of no value outside of FomoEX. Hmm sounds a bit like Hyperfund
Affiliates convert worthless F-USD into USDT (1:1) in their FomoEX backoffice in order to withdrawal.
Referral Program
FomoEX affiliates earn a 5% commission on half of funds invested by personally recruited affiliates.
Cost To Join FOMOex.io Review
FOMOex’s affiliate membership is without cost to join. Though if you want a piece of the investment opportunity you must invest least $100
Different than most other Fomoex reviews, I am going to be on the level and reveal the truth as I see it. So look below …
Final Verdict/FOMOex Scam?
So does the FOMOex fraud exist?
Let’s just peer into the facts…
David Hung has had several private meetings in Dubai with Sam Lee (Hyperfund Scammer). Scary thought. Birds of a Feather…
Second, They have only been in existence a month at the time of this writing and they pay you in worthless internal crypto.
Third, they are an unregulated crypto company. Where do you go when they pull the rug?
If they actually had the ability to manufacture those big returns, why do they need investors when their crypto mines produce such stellar returns.
Really, this company is using new investments and pay off existing members. That’s these crazy returns are produced.
Once recruitment slows to a trickle FOMOex.io will pull the rug leave investors penniless.
Run from this …
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Did you enjoy my FOMOex Review If you have questions ask in the comments field below…
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See you at the top,
-Scott Rulon
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