The One Cent has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Exby. We’ve received over 3 complaints against The One Cent.
The One Cent lacks transparency in ownership and registration, suggesting the possibility of an MLM scam. The lack of tangible products, reliance on recruitment, and unregulated status all increase risks. The pay scheme focuses on matrix cyclers and a problematic ROI methodology. Fake reviews and customer complaints further erode trust. Caution is urged, as the lack of regulation creates financial and reporting hazards. It is recommended that those who have been wronged seek recovery through chargebacks. The scam’s tactics include generic identities, influencer marketing, spamming, modest gains, huge investments, withdrawal limits, and cycle rebranding. Stay watchful and report fraud to keep others safe.
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Key Takeaways
Is The One Cent Regulated? Do They Have a License?
The website for The One Cent lacks transparency regarding its ownership or senior leadership. The domain name “theonecent.com” was registered secretly on September 19th, 2023, making it challenging to ascertain the platform’s origins.
This lack of transparency regarding leadership or ownership in an MLM firm is a cause for concern and requires care. Potential participants should thoroughly evaluate the consequences before investing any funds or joining such a company.
The lack of regulation or the presence of poor regulation is a huge red flag. It means The One Cent 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 The One Cent, 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 The One Cent
The business model of The One Cent appears to have no tangible products or services available for sale. As a result, affiliates are limited to promoting The One Cent affiliate membership exclusively.
Upon enrollment, affiliates are required to purchase positions inside a matrix cycler, with each position including ad credits. The ad credits are crucial for obtaining positions and enabling affiliates to showcase banner advertisements to other members of The One Cent network.
Nevertheless, the lack of physical retail products raises concerns regarding the credibility and long-term viability of One Cent’s business model. The emphasis on promoting affiliate membership and utilizing ad credits indicates that The One Cent may depend on revenue generated through recruitment.
It is crucial for those contemplating engagement with The One Cent to thoroughly evaluate the intricacies of the compensation plan and evaluate the potential hazards linked to this framework.
Compensation Plan of The One Cent
Through The One Cent program, affiliates can purchase matrix cycler slots in increments of $1, with each position costing only 1 cent. The exact dimensions of the matrices used by The One Cent are not revealed, however, there are ten levels of matrix cyclers currently in use.
The fundamental premise asserts that it remains uniform throughout these levels, wherein jobs within each framework are occupied through future acquisitions of posts by both freshly recruited and existing affiliates of The One Cent. The revenues gained from these transactions are used to offer returns on previous acquisitions.
The marketing strategy of The One Cent highlights a remarkable return on investment of $125,800 resulting from a minimal initial commitment of only $1. The potential return on investment (ROI) grows in direct proportion to the number of $1 positions obtained.
Matching Bonus of The One Cent
The One Cent’s compensation plan includes a prominent component called the 100% Matching Bonus. The company is eligible to claim this incentive, which is only granted on returns delivered to affiliates who have been individually recruited by a particular affiliate within The One Cent and apply to cycler returns. For each cycler return obtained by a personally recruited affiliate, the sponsoring affiliate is rewarded with a matching bonus equal to 100% of that return.
The Matching Bonus enhances the incentive system in The One Cent by creating a situation where affiliates are driven not only by their profits but also by the extra earnings generated from the achievements of their personally recruited affiliates.
This approach increases the possibility of earning more money overall, by creating a cooperative atmosphere where affiliates jointly profit from the successes of their directly recruited members within The One Cent’s matrix cycler system.
Joining The One Cent
The One Cent offers complimentary affiliate membership, however, to generate money, a minimum investment of $1 is required. The platform promotes diversification of investments in several cryptocurrencies to attract a larger number of participants.
The investment-oriented approach of One Cent enables individuals to actively engage in the income-generating parts of the platform by making a minimum contribution of $1. This arrangement provides little financial obligation for anyone who wishes to investigate The One Cent’s investing prospects.
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 actually 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.
The One Cent 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 in order 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, the customer support won’t resolve your issues and become increasingly unavailable.
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The One Cent 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 The One Cent 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 The One Cent reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which 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 The One Cent, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like The One Cent enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “The One Cent reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising The One Cent.
You should always look out for consumer complaints. In the case of The One Cent, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees and charges
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about The One Cent? You can share your complaint in the comment section or submit an anonymous tip.
Is The One Cent Legit Or Scam?
The fake nature of The One Cent plan becomes evident upon analyzing its marketing content on the website. The platform asserts its status as an M2M (member-to-member) platform, indicating that all transactions within the network involve members making payments to one another.
More precisely, subsequent participants in a typical multi-level marketing (MLM) Ponzi scheme provide reimbursement to previous participants. As the number of recruits declines, the flow of fresh investments also reduces, resulting in the stagnation of matrices within the cycler.
The cycler Ponzi scheme ultimately leads to an inevitable collapse caused by a significant number of stagnant matrices. The mathematical principles underlying Ponzi schemes guarantee that the majority of participants will experience financial losses when these schemes finally crumble.
The marketing material of The One Cent explicitly reveals the risks involved in engaging in such schemes and the unavoidable negative outcomes for the majority of participants.
The One Cent 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 The One Cent can run away with your money without any prior notice. You should be 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 The One Cent?
All the evidence suggests that The One Cent 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 The One Cent a scam?
Can I withdraw money from The One Cent?
Where is The One Cent Located?
How do I get my money back from The One Cent?
How The The One Cent Online Scam Works
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