Summary: Frankly we’ve seen better scams. Sparkearn.com is a basic Ponzi scam with no surprises at all. No one should invest in this garbage.
See a list of platforms to avoid here
Scams are bad, that’s obvious. But at least here at ideasdome.com, we love to help unravel scams for many of our readers. This is because some scams are pretty difficult to figure out by the average person. Not the Sparkearn.com scam platform. The scam is so basic and straightforward. Only a greedy person will fall for this. As you’re about to find out, the platform is a textbook scam you’ve seen a lot of in the past. Nothing new.
Why someone might invest in a scam like Sparkearn
One word- greed. Sparkearn is currently paying. This is why you should never base your decision to invest in a platform on whether it’s paying or not. Most scam platforms pay for a few months as bait to get you to invest more and then they stop paying and steal all the remaining funds. Sparkearn will do the same whether in the short or long run. Be wise. Do not invest in Sparkearn.com.
About Sparkearn
Sparkearn.com claims to make profits by investing in diversified markets. The platform has 3 plans for anyone gullible enough to invest. The cheapest plan allows you to invest between $5-$500 to earn 12% daily ROI for 12 days.
Sparkearn.com domain name was registered on 2019-11-02 and will expire on 2023-11-02. I’m sure they registered for more than one year to try to appear legit since most scams only register for one year. All the other factors as explained below show this is not enough to prove spark earn is not a scam. Read on.
The platform also has a member-only referral program that pays you 5%-12% in referral commissions based on the number of referrals you have in the system.
So don’t be surprised to find many dishonest reviews out there promoting this scam platform. They’re in it for the referral commissions.
But let’s be clear that promoting a platform isn’t wrong in itself. What is immoral is promoting an obvious scam like sparkearn just to earn commissions. We at ideasdome.com will never trade our integrity for referral commissions. You can count on that.
See my list of recommended platforms here
Is Sparkearn.com a scam?
You bet it is. An unoriginal one at that. Check details in the next section below
Here are the obvious reasons why the platform is a scam
1. Confusing Statements: Sparkearn.com should fire whoever they hired to write content for their website. So many confusing statements that use a lot of words to say nothing at all. For example on the homepage, they were probably trying to explain why they are a legit platform and one of the things they boast of is having an ‘advanced distributed system architecture built to protect against DDOS and other potential threats’. It also claims to store funds in multi-sig cold wallets (learn about the different types of Crypto wallets in the crypto learning section of ideasdome.com).
All these look impressive to the average Crypto newbie or cryptocurrency covidiot but it means nothing and fails to address the elephant in the room. No one is worried that a hacker will penetrate the platform. Most people are worried that the founder(s) themselves will still the funds and runaway. Having a secure platform and wallets won’t prevent this.
2. No Founder: I told you this scam is unoriginal. Like many other Ponzi schemes out there, Sparkearn.com never reveals the name of its founder(s). Why anyone will invest in a platform with unknown founders beats my imagination. The risk is worth it in any form.
3. Problematic Language: Sparkearn platform contains many problematic statements that cast the platform in a bad light. I repeat: Can someone please fire the content writers of the website? How do you explain that the platform says this on their homepage after explaining the different investment plans?
‘Interests are fixed and not subject to change’?
Lol…Everyone involved in cryptocurrency investment knows this first rule that nothing is ever fixed when it comes to cryptocurrency. The markets can change in a split second. This is why only a scam platform like sparkearn will promise a fixed return.
4. Unrealistic High Returns: The promised profits by sparkearn are outrageous. There is absolutely no genuine investment platform that can promise a fixed interest of 12% daily on investment as low as $5. This is a scam
5. Other Lies: So many lies on the platform as explained in the aforementioned points. Let’s add to that. It’s strange that in less than one month of sparkearn’s existence it already claims to have millions of dollars in invested amounts. And don’t believe the payout proof, as we found out in the case of moonbitcoin, it’s quite easy to fake these payouts. In my research about sparkearn.com, I also found some of the proofs to be lies. Sure sparkearn platform pays right now…but as already explained this is a strategy used by Ponzi platforms to lure more victims until they disappear.
Still, on the issue of dishonest claims, I checked the about us section of sparkearn.com and is filled with lies. For example, the platform claims to generate profits by buying low and selling high and that this makes their investment risk free. Again, who’s writing all these garbage non-sequiturs for them? Buying low and selling high is how trading works and this comes with a lot of risks even for experts. It is never risk-free.
6. No Registration: Sparkearn claims to be a registered company but there’s no proof of that. Not even the basic cheap U.K license that many other platforms use. Nothing at all.
7. Fake Trustpilot Reviews: As expected from scams like this, they bought several positive trustpilot reviews to appear legit It’s easy to know these are all fake because the comments are all so generic. We are not surprised. We already called out Trustpilot here
Conclusion
Sparkearn is an obvious scam. Runaway and don’t look back.
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