Buy to get up to 80% cashback, earn passive money by "brushing the magic lamp" every day, enjoy a tiered commission every time you introduce new people ... Those are attractive introductions that you read. on the website of Myaladdinz.
With such attractive offers, making money sounds so easy, would you ever suspect Myaladdinz is a fraud project?
You may have felt doubts. However, when "visiting" the project's website, (a large part or the whole) of that suspicion was shattered as soon as a photo of President Donald Trump, former President Bill Clinton ... with Chairman Success Resources .
But, are you sure you are participating in a "huge" project? Or this is just a multi-level project more sophisticated than the previous "brothers". Stay calm, don't "stoned" us; that let's Blogtienao analyze to see what Myaladdinz is after all.
THE INFORMATION THAT BTA FOLLOWS HERE IS SURE TO MAKE SUCH A LOT OF SURPRISES TO YOU. Especially those who are participating in this project.
Overview of the MyAladdinz project
Founder of MyAladdinz
Billionaire Richard Tan, Chairman of Success Resources. This is an educational institution established in 1993. Headquartered in Singapore.
What is myaladdinz?
According to Can Xuan Hai - a character who always appears in MyAladdinz promotions and owns a separate Youtube channel to "teach" others to get rich from MyAladdinz - has defined the project like this (excerpt original) :
Looking deeply at the nature (of the project), we can see that this is not a financial exchange, not a coin, not a trading floor and not a multi-level sales system ... what? Well it's not something here, it's just a SMART CONSUMER SOLUTION
How to make money from MyAladdinz
For both stall owners and consumers:
- 80% cash back on product value: When you buy any item on the app, you will get a refund of 80% of the value, no matter how much the item is worth.
- Passive profits when introducing new people: If you introduce new entrants, you will receive a percentage by rank. Level 1 is paid 5%, from level 2 to level 15 is 1%.
However, there is another way to make money even more attractive. That is the recharge to be multiplied by 5 amount and simply withdraw. However, because of the attraction, there must be a limited number. And this is one of the "wisdom" of MyAladdinz.
How Gem and Point works
1 Gem (Gem) = 1 USD
1 Gem = 1 Point
When you make a deposit, the money will instantly convert into Gem. You want to withdraw money to your account, you need Gem; Points cannot be drawn, they need to be converted into Gem. (However, switching from Point to Gem is another interesting story).
For example, if your account has 30 Gem and 2000 Points, then you only withdraw about 690.000 VND (ie 30 Gem) on your bank account. As for the other 2000 Points, you cannot withdraw but need to switch to Gem. However, you can only convert 0.2% Points to Gem every day, not convert them all at once.
Is this a scam project?
Virtual Money blog confirms, this is a 100% fraud project. To see what evidence I base on, what details to confirm this, please read on in the following sections.
The trick provokes greed for sophisticated users
When I first started to learn about the project, I was surprised because clearly, the sign of familiar Multi-Level appeared right from the first information "pay bonus by rank when introducing new people into the system" . But why are so many people still participating?
That is thanks to the attraction of two "features": top-up to get more money and buy goods for 80% refund.
What is the deposit to get additional money?
When participating in a project, you need to top up your account with at least 100 Gem; equivalent to about 2,4 million VND (1 Gem = 1 USD).
MyAladdinz has a deal like this. If you make a deposit for the first time and the second time, it will be x5; x4 for the third time; x3 for the fourth time; x2 for the 5th time and the next time you cannot "give money" anymore.
Therefore, if a person has decided to participate; Do you think they will skip such a bargain and only deposit 100 USD for the first time?
However, many people only see that "super preferential" and fail to realize that it is actually a sophisticated seduction trick.
When you deposit money, for example, USD 1000, you will have 1000 Gem. However, you will not get x5 of that Gem. Because if so, you will certainly change that Gem right away to USD for sure.
So if you want x5 accounts, you must transfer 1000 Gem to Point. Then you will be x5 and have 5000 Points. At this point, you need to remember one important thing, you cannot exchange all 1 Points for Gem at the same time, but you can only "swipe the light" every day to exchange 5000% of 0.2 Points, equivalent to 5000 Gems ( ~ 10 VND).
I remember in an article teaching getting rich from MyAladdinz, the author wrote this: "top up to receive 0,2% interest per day". In your opinion, this is interest? Absolutely not. You need to know that when you deposit 1000 USD, the 10 USD you receive every day is your principal, absolutely not interest.
When will you be profitable? After 100 days. Until the 101st, you only have the first 10 USD interest. However, 0.2% daily interest is only maintained in the first 6 months, while the later period is only 0.1%.
The answer to the question: "Where is multi-level?"
Surely reading up to here, those who have participated in the project will say in the form:
MyAladdinz works like a bank. When we deposit money in a bank, they also keep the money and pay interest on that month. The only difference is that MyAladdinz pays higher interest rates.
And those who haven't yet, think:
Recharge to be multiplied by 5, how ridiculous, why would anyone believe? Where do they get the money to pay?
Yes, I also thought the same way at first. But the question of the non-participant was answered by the participant: a bank-like operating model. It sounds plausible, but it is actually a "clever sophistry".
Because it is clear that the bank has a transparent investment plan with the money of its customers; State-sponsored bankruptcy.
What about MyAladdinz? Where do they get the money to replenish the super incentives (x5 accounts, 80% cashback) that they give you? They do not have any source to make profits from the money the user has deposited, nor do they have any sponsorship of the state ...
It took me two days to find the answer to the question “where does myAladdinz pay participants”. And very fortunately when I saw the clip of "teacher" Can Xuan Hai, the answer was clearly stated by "teacher" in the following clip:
I will summarize the content of this clip for you as follows:
- From the first minute to the 8th minute, the “teacher” explains the ingredients that make up MyAladdinz community: Sellers, buyers, middlemen and new member referrals
- From the 8th minute onwards, the "teacher" began to give an in-depth explanation MLM - MultiLevel Marketing (which we still call Vietnam multilevel).
- At 8:30 the "teacher" asked, "Where is this system focused?". Then he himself affirmed that "should focus on MLM now".
- Next, he also emphasized that the player “should focus on the role of the person doing MLM. Because that's the crux of success, it's the easiest way to make money ”
So one of the big "centipede" of MyAladdinz is Can Xuan Hai, guiding you to become a multi-level worker, introducing new people to them. Let them take a small portion of one person's money, pay the other, and so on.
Really you should watch the clip above to see clearly "where the money they pay you so much".
80% cash back on product value
This is another feature used to arouse the greed and curiosity of the user. Many people will think, if donating money sounds too long to be profitable; Recharge to "recruit" newbies sounds like you are doing multi-level. That's it, I loaded Gem to buy items for 80% refund, too good without sticking to multi-level.
That is why the Virtual Money Blog says this is a sophisticated multi-level project, easier to get people involved in than other multi-level projects. Because they know how to create a "way" that changes the player's mind.
When you join the mindset of "I only buy for an 80% refund", then you indirectly expand the community into a multi-level project. Just 1000 people with such thinking is enough to create a vibrant community.
With vibrant buying and selling communities made up of such people, it will be what MyAladdinz offers as evidence when it comes to recruiting new people. Because obviously, it must be a "prestigious" project to create such a large community. At that time, it is you who have become the backer of the multilevels.
Besides, are you sure "playing knives will never cut hands?". Are you sure you will not fall for the sweet words of the centipedes in it?
And it is important to note that 80% of the value you refund will be converted into Points. Each day you can only exchange 0.02% of that Point for Gem.
Evidence exposing the fraud of MyAladdinz
Visit the homepage of MyAladdinz in Vietnam; You will see advertising projects about big brands appear on MyAladdinz's shop.
Excluding Success Resources and Babylons. (Because these are the two brands of Richdad Tan - the founder of the project MyAladdinz). BTA has tried to play the role of a user who is using the MyAladdinz app and wants to use Gem to buy from big brands. Let's see how they responded:
What do you think of a brand that appears in the community of a project without paying for the assets it publishes?
This is a brand in Singapore so I have to contact them by e-mail. And here is the answer from them that I framed in red below:
We regret to inform you that we do not have any partnership with MyAladdinz.
5/6 big brands appearing on MyAladdinz's website all confirmed that they did not cooperate with the project. (With Caltex, I did not receive a response.) This shows that MyAladdinz has voluntarily posted such information without any cooperative relationship.
Also, I took the time to get into the community they post on the website to find out. Then I noticed that “household businesses” (grocery stores, small businesses,…) make up a large part of this community, and the rest are small companies.
VINFAST Group cooperating with a multi-level project?
While surfing the community buying and selling with Gem on Facebook; (Facebook community is the most exciting place to do business in this multi-level project. They buy and sell everything, from scratch cards, clothes, to real estate ...); I have seen pictures of buying VINFAST cars with Gem.
So once again, I got into the role of someone who wants to buy VINFAST cars with Gem to contact the company directly. And there is another story to tell everyone. The following is the text of the message:
Other questionable details
When visiting myaladdinz.com and myaladdinz.com.vn website, you will see a very clear difference.
On myaladdinz.com.vn (a site dedicated to the Vietnamese community); You will see full information and images of the founder, President Donald Trump, the buying-selling community, typical activities, ... In general, clearly stating the details of the project, very loud introduction .
And on myaladdinz.com (a site for some other countries) the exact opposite is true. A sketchy introduction, does not show the image of the founder or President Donal Trump, ... There is almost nothing but little information about Gem, Point, consumers, ... even the image is faulty. .
However, on myaladdinz.com there is still a buying and selling community like in Vietnam. However, do you ask why they did not put President Trump or Richard Tan on foreign homepage?
So how could a founder of a rogue project ever meet President Trump
In fact, if you pay close attention; You will notice that people who put information on your website intentionally made you think that way. They were very clever when giving information.
In the picture above, they caption as "the couple Richard and President Donald Trump". Of course, there's nothing wrong with the word "president" here. Because now, Mr. Trump is the President of the United States. However, what's important here is when this photo was taken.
With the background, you can tell they're at the National Achievers Congres. From what I have learned, Mr. Trump was invited to this event in 2012 as a guest / speaker. That means they took pictures when Mr. Trump was not president yet.
But so what? Although not yet President, at that time, he was a famous billionaire. Correct. But, you need to know with such talks; If you have enough money, you will invite a businessman to share his experience.
This is the case. Richard invited Trump to come to speak at his annual event; What is strange about Trump taking photos with the organizer?
Next is another picture of Mr. Trump:
This picture has a very touching sentence:
I only cooperate with the best organization in the world.
The sophistication is here. With this statement, many people will think that Mr. Trump is referring to Success Resource.
However, you have noticed that there is not any information on the website that indicates that Mr. Trump is referring to the organization as Success Resource. Not to mention but direct readers to what they want.
Returning to Trump's statement above, maybe it was simply a sentence in his speech at that time that was "interpreted by MyAladdinz".
With a reputable project, Blog Money Fantasy believes that they will not be able to give false information. Because that will greatly affect their brand, reputation and honor.
However, as you can see, I have given a lot of evidence that the information MyAladdinz put on the Website is not false, it is also "leading the nose" of the reader. So BTA believes that the information I give you is enough for you to understand if MyAladdinz is a multi-level project or not.
Therefore, I hope those who have joined will "withdraw" back. And those who have not yet participated are raising their guard. Because nowadays, multi-level projects are becoming more and more sophisticated and difficult to detect.
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