Gameocean.io has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Agora Advantage. We’ve received over 6 complaints against Gameocean.io.
The absence or existence of bad regulation is a huge red flag, indicating that Gameocean.io is most likely a scam and may be unlawful. Unlicensed organizations offering investment opportunities might vanish without trace, taking advantage of the lack of regulatory limits to avoid legal ramifications. As a result, verifying a company’s regulatory status and license is critical to protecting your assets and ensuring that there is redress in the event of a disagreement. Gameocean.io’s lack of transparency and regulatory monitoring leaves victims with no recourse, emphasizing the significance of conducting due research before investing.
Get Your Money Back From These Scammers!
[mychargeback-form]
Key Takeaways
Is Gameocean.io Regulated? Do They Have a License?
Gameocean.io, which was registered privately on January 16th, 2024, does not disclose any clear information about its ownership or executive structure on its website. This lack of transparency is frequently a red flag in multi-level marketing (MLM) organizations, advising potential affiliates to think carefully about their involvement and financial commitments.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Gameocean.io is a scam and most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of Gameocean.io, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at Gameocean.io
Gameocean.io does not provide retail products or services. Affiliates have only one option: advocate membership in the Gameocean.io MLM scheme, which lacks a tangible product foundation, which is normally required for long-term MLM operations.
| Investment Amount (USD) | Daily ROI |
|---|---|
| $100 or $300 | 1.0% |
| $500 | 1.05% |
| $1,000 | 1.1% |
| $3,000 | 1.2% |
| $5,000 | 1.3% |
| $10,000 | 1.4% |
| $25,000 | 1.5% |
Payout and Reinvestment
Gameocean.io limits passive returns to 200% of the investment. Including MLM commissions, the overall ROI may be 400%. Once these limits have been met, reinvestment is required to continue earning. Returns and commissions are paid using the proprietary GOT token. Notably, withdrawals are subject to a statutory 10% fee. Affiliates receive a 10% commission on investments made by direct recruited affiliates.
Residual Commissions
Gameocean.io has a single-level commission structure:
- Level 1: 15% match for returns
- Levels 2-10: Decreasing percentages from 8% to 1% as levels rise, with unique recruitment standards for each level.
What is Game Ocean Tokens?
Gameocean.io develops and uses its own proprietary digital tokens known as GOT tokens. They are a type of cryptocurrency available on the blockchain network, especially BEP-20 tokens. The BEP-20 is a token standard on the Binance Smart Chain that is well-known for its compatibility with both Ethereum and low transaction fees.
The primary purpose of GOT tokens on Gameocean.io is to facilitate transactions within the platform’s MLM scheme. This includes:
Payouts: GOT tokens are used to pay out returns on investments and commissions in the Gameocean.io MLM system.
Withdrawals: Affiliates who choose to cash out their earnings on the network are paid in GOT tokens. Notably, withdrawing these monies results in a necessary 10% fee.
Gameocean.io offers one-time bonuses to affiliates that achieve higher rankings, ranging from $500 for Navigator Cadet to $30,000 for Oceanic Sovereign.
The Ludo Game, which is part of Gameocean.io’s products, requires affiliates to play and win games in order to proceed through ten levels, each with increasing admission and gaming fees. Successful games can result in substantial prizes, up to $102,400 at level 10.
While becoming an affiliate is free, full involvement in the revenue prospects necessitates a minimum commitment of $100. All transactions are in USDT.
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, the scammers stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
If you want to get your money back from a scammer, you’d need to file a chargeback.
Gameocean.io Customer Service: Do They Handle Complaints Well?
When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, scammers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Scammers understand that to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, customer support won’t resolve your issues and become increasingly unavailable.
If you have information on a scam or criminal operation, you can get access to 40+ investigative journalists & news outlets for free. Send us a detailed report here and if you qualify, we will forward your case ahead.
Gameocean.io Reviews: What Do Others Say?
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Scammers like Gameocean.io tend to purchase fake reviews for their online profiles to make themselves seem more credible.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust Gameocean.io reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews posted by temporary accounts (profiles that only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of Gameocean.io, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Gameocean.io enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Gameocean.io reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Gameocean.io.
You should always look out for consumer complaints. In the case of Gameocean.io, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Gameocean.io? You can share your complaint in the comment section or submit an anonymous tip.
Is Gameocean.io Legit Or a Scam?
Gameocean.io advertises itself as a blockchain-based mobile gaming platform, but its operations are similar to a Ponzi scheme, with revenues predominantly derived from new investments.
The usage of a proprietary token (GOT), which is inexpensive to generate and has no external value, raises risk. The lack of a viable business model or actual gaming activity means that Gameocean.io will fail when new investments end, potentially leaving many affiliates with worthless assets.
Gameocean.io is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Gameocean.io can run away with your money without any prior notice. It would help if you were extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust Gameocean.io?
All the evidence suggests that Gameocean.io is a scam. If you have lost money to them, there is still a chance you can get it back.
To recover your funds, you’d need to file a chargeback.
Frequently Asked Questions
Is Gameocean.io a scam?
Can I withdraw money from Gameocean.io?
Where is Gameocean.io Located?
How do I get my money back from Gameocean.io?
How The Gameocean.io Online Scam Works
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
