Post
Topic
Board Service Discussion
Re: golden-farm.biz - legit or scam
by
Kakmakr
on 26/11/2019, 13:41:21 UTC
No need for reviews. Pretty sure its a fraud just by looking at their business model.

It works in a way where the users have an overwhelming advantage over the system which makes the promised returns unsustainable as they would go out of business bc they're basically giving out money.

So how do they earn and keep their site running? by stealing users funds

You are so right. I just spent half an hour doing some math for this app. If someone made an initial deposit of $500 to get the earnings started and compunded your earnings the results are INSANE and IMPOSSIBLE.
They split earnings being payout cash and game silver to buy more birds. If you withdrew your cash earnings each month, you will be paid back in just three months. However, if you then use your game silver and bought the most expensive birds each months here are the results on month 12:

IN GAME SILVER COINS COMPOUNDED FOR TWELVE MONTHS WILL GIVE YOU $13,668 per month to spend on more birds

PAYOUT CASH INCREASES EACH MONTH WITH MORE BIRDS. If you cashed out every month and compunded your silver coins by buying more birds by MONTH 12 you will be earning $4797 per month

All this from a $500 deposit to get you started.

It works out at a 38.46% increase of buying silver each month and an increase of 35.48% for payout cash per month.

No business on the planet can sustain payouts like this and I find it so sad that people fall prey to websites like this. I can only assume that they have designed it this way to target kids which makes the scam even worse in my books.

Another alarm bell that people need to realize is the need to make a deposit to get started. While the fake earning advantage may appear to be in the hands of the user, the quick exit is there for the scammer if there is a large deposit.

I'm going to start taking action against sites like this that target kids. Not sure what affect I could have but I'm gonna see who I can report them to to try and get them shut down.

By the time you take action, this site would be long gone. They just go away for a few months to redesign the site and when you least expect them, they start the site up again under a new domain and with new farm animals.

You do not even have to look at the numbers, because even a blind person without a stick can see this is a scam. Also reporting the domain does not help, because they dump it when they see people poking a stick at it.

You have to look at the business model/concept to see the underlying scam, because the rest is just eye candy.  Angry