Racksterly is a social media platform that claims to help people make money by sharing advertisements on their Facebook timelines. The platform was launched in May 2019 by Michael Oti, a Nigerian businessman.
Currently, the site is down and there’s no way users can access their money” but as the CEO promised, they’re coming back bigger and stronger.
How Racksterly Works?
Racksterly works by using a multi-level marketing (MLM) scheme. When you sign up for Racksterly, you are given a unique referral link. You can earn money by sharing this link with your friends and family. When they sign up using your link, you will earn a commission.
You can also earn money by sharing advertisements on your Facebook timeline. When you share an advertisement, you will earn a certain amount of points. These points can be redeemed for cash or prizes.
How To Login To Your Racksterly Account
To login to your Racksterly account, you will need to go to the racksterly login website page and enter your username and password. You can also login using your Facebook account.
Is Racksterly A Legit?
Racksterly has been accused of being a scam by many people.There are several reasons for this, although not verified.
First, Racksterly is a multi-level marketing scheme. MLM schemes are often scams because they rely on recruiting new members to make money. When the number of new members starts to decline, the scheme collapses and the investors lose their money.
Second, Racksterly has not been transparent about how it makes money. The company has not released any financial statements, and it is not clear where the money that is paid to members is coming from.
Third, Racksterly has been banned by several payment processors, including Paystack and Flutterwave. This is because these payment processors believe that Racksterly is a scam.
How Racksterly Is Similar To A Ponzi Scheme
Racksterly is similar to a Ponzi scheme in several ways. First, both schemes rely on recruiting new members to make money. Second, both schemes are not transparent about how they make money. Third, both schemes have been banned by payment processors.
How To Spot A Ponzi Scheme
There are several things you can look out for to spot a Ponzi scheme. These include:
- The scheme promises high returns with little or no risk.
- The scheme requires you to recruit new members in order to make money.
- The scheme is not transparent about how it makes money.
- The scheme has been banned by payment processors.
The Risks Of Investing In Racksterly
There are several risks associated with investing in Racksterly. These include:
- You could lose all of your money.
- You could be involved in a criminal activity.
- You could damage your reputation.
What To Do If You Have Invested In Racksterly
If you have invested in Racksterly, you should take the following steps:
- Stop investing any more money.
- Try to get your money back.
- Report the scheme to the authorities.
Is Racksterly The Same As Inksnation?
No, Racksterly and Inksnation are not the same. Racksterly is a social media platform that claims to help people make money by sharing advertisements on their Facebook timelines. Inksnation, on the other hand, is a digital investment platform that claims to offer high returns on investment.
The Future of Racksterly
It is difficult to say what the future holds for Racksterly. The platform has been banned by several payment processors, and it is facing increasing scrutiny from the authorities. It is possible that the platform will collapse in the near future.
Conclusion
Racksterly is a risky investment. There is a high chance that you will lose money if you invest in Racksterly.I would recommend that you avoid this platform.
