The Blockchain Era homepage gives off a strong feeling of hope by showing itself as a cutting-edge way to enter the world of blockchain technology. The language used is full of promises of change and freedom. At the start of a “new era,” big changes will happen in technology and the business.
They also say with confidence that they have a big effect and reach, citing impressive numbers like “affecting more than 2 million people” and “reaching over 100 countries.”
But when you look more closely, you can see a number of red flags. The website is full of big claims and catchy words that are meant to get your attention and make you believe in a life-changing experience.
The comments may sound appealing, but they don’t give enough information to make a full picture of the services offered. One important thing to note is the focus on encouraging community growth and actively asking more people to join the platform. This shows that the goal is to get more people to use it.
The lack of regulation or the presence of poor regulation is a huge red flag. It means The Blockchain Era 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 Blockchain Era, 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?
The Products page of TBE.io is full of excitement, showing how their blockchain solutions can change things, put the user first, and focus on safe digital interactions, growth, teamwork, and financial empowerment.
But a closer look shows that the positive language needs to be looked at more closely because it doesn’t give enough information about how each product works, its benefits, and its unique features. Words like “revolutionary offerings” don’t have good explanations.
Client reviews give you a balanced view of how satisfied users are and where improvements can be made. While praising how user-friendly it is, they point out problems with how mobile apps work and how communities work together.
TBE.io’s Services page talks about how they offer a full blockchain experience with advanced marketing strategies, a unique awards system, and an easy-to-use interface. Testimonials make the platform look even better, but they don’t go into specifics about services like marketing tools or how the awards system works. This high-level approach doesn’t give potential users enough knowledge about how it can be used and what it can do for them.
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 Blockchain Era affiliates pay a fee to invest in the EURfi token:
|Compensation Offered By The Blockchain Era
Returns are paid via Quantwise, an AI trading bot scheme, as well as XLFi token minting (5500 EUR charge and higher).
XLFi is yet another worthless in-house garbage token associated with The Blockchain Era.
If a The Blockchain Era investor simply wants passive XLFi returns, the following price points are available:
|Compensation Offered By The Blockchain Era
The Blockchain Era MLM pays on the recruitment of affiliate investors.
It is important to note that 30% of all MLM income and bonuses must be reinvested.
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.
There is a strong online presence for The Blockchain Era (TBE) on Telegram, Instagram, and Twitter. With more than 15,000 Telegram subscribers, TBE is building a lively community of blockchain fans who are participating in content and conversations. On Instagram, TBE regularly posts pictures and videos.
They have 2,700 followers and 200 posts, which shows that they are constantly busy on the visually-focused platform.
TBE, on the other hand, uses Twitter to spread the word about how revolutionary blockchain technology can be by making 190 posts that have 543 followers. The number of followers on Twitter may not fully show how strong the Telegram group is, but TBE always posts relevant and carefully chosen content, which shows how dedicated they are to building a community excited about the blockchain change.
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 Blockchain Era 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 Blockchain Era 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 Blockchain Era, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like The Blockchain Era enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “The Blockchain Erareviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising The Blockchain Era.
You should always look out for consumer complaints. In the case of The Blockchain Era, 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 Blockchain Era? You can share your complaint in the comment section or submit an anonymous tip.
Numerous concerns have been expressed concerning the legitimacy of The Blockchain Era. It has been designated a high-risk investment platform due to transparency and verifiability concerns regarding its results.
Additionally, the platform has been linked to predecessor schemes that were deemed deceptive. Moreover, withdrawal issues have been documented, and the organization’s activities bear resemblance to a multi-level marketing (MLM) scheme, devoid of any physical retail merchandise or services.
The Blockchain Era 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 TheBlockchainEra 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 Blockchain Era?
All the evidence suggests that The Blockchain Era 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.
Is The Blockchain Era a scam?
Can I withdraw money from The Blockchain Era?
Where is The Blockchain Era Located?
How do I get my money back from The Blockchain Era?
Launch a website/app with a generic name
A website or app with a generic name allows scammers to hide behind common Google search results. Marketing such names is easier as well.
Pay influencers & social media pages to promote the scheme
By getting influencers and social media pages to promote their brand, scammers make their shady company seem more legit than it actually is.
Send thousands of emails and make cold calls to potential victims
It’s common for scammers to buy the contact details of people and spam them through email, phone calls, social media messages and other means.
Make victims feel safe through “small wins”
Such small wins usually include a few payments transferred into the victim’s account. This makes them seem more legitimate.
Convince victims into investing large sums of money
Due to the small wins, the victim is now convinced that the company is legit. Now, the scammers try to manipulate the victim into giving them larger sums.
Disable withdrawals & take down the website/app
Once the scammers have recieved a signicant sum, they either stop responding or cite a technical error to freeze their victims’ funds.
Repeat the cycle
After making the money, the scam will shut down and the people running it will launch another and repeat the cycle.