Boompay24.com.ng is a newly launched P2P (peer-to-peer) funding platform that operates similarly to the well-known Ponzi scheme, MMM. It offers an opportunity for users to earn money through a simple and straightforward process. Unlike some other online money-making platforms, Boompay24.com.ng does not require its users to read news, watch ads, or pay any signup fees or investment fees. Instead, it operates as a pyramid scheme, where users make direct payments to each other’s bank accounts. The platform promises a weekly earning of 24,000 Naira with just a one-time payment of 600 Naira.
How to Join Boompay24.com.ng
Joining Boompay24.com.ng is a relatively simple process. Here’s how it works:
- Register an Account: To get started, you need to register an account on the platform. This typically involves providing some basic information, such as your name and contact details.
- Fund Your Sponsor: After registering, you’ll need to fund your sponsor with 600 Naira within five hours of registration. This payment qualifies you to earn 600 Naira from four other participants, totaling 2,400 Naira.
- Upgrade to Level 2: To maximize your earnings, you can choose to upgrade to Level 2 by paying 1,200 Naira. This upgrade allows you to earn 1,200 Naira from each of 18 different participants, amounting to a total of 21,600 Naira.
- Repeating the Process: After completing Level 2, you have the option to re-enter the system and go through the process again as many times as you want.
- No Referral Necessary: Unlike some schemes that require referrals, Boompay24.com.ng pairs participants for payments without the need for referrals. All you have to do is fund your upline within five hours of registration.
- Timely Upgrades: It’s crucial to upgrade to Level 2 within five hours of completing Level 1. Failure to do so may result in the deletion of your account.
- Avoid Changing Upline: Users are advised not to click on “Change Upline.” Instead, they should make payments to the first name they see when prompted. This ensures that the system pairs you for payment correctly.
- Multiple Accounts: Some participants choose to stick with Level 1 and collect 2,400 Naira repeatedly. Others create additional accounts with different details to continue earning 2,400 Naira each time.
How to Make Money on Boompay24.com.ng
Making money on Boompay24.com.ng is based on the principles of a pyramid scheme. Participants earn money by receiving payments from others in the network. The more levels you participate in, the more potential earnings you can accumulate. However, it’s important to note that this type of scheme carries inherent risks, as it relies on a constant influx of new users to sustain itself.
Make Money on Boompay24.com.ng through Referrals
While Boompay24.com.ng does not require referrals for earning, it does offer a bonus system for those who choose to refer others to the platform. Users can earn promotional bonuses of 500 Naira by inviting a friend to sign up and invest in goods. Additionally, there are commission bonuses of 5% for Level A, 3% for Level B, and 2% for Level C based on the invested amount.
Is Boompay24.com.ng Legit or a Scam?
boompay24 is a pyramid scheme. So you would only make a lot of money if you join early.