Meteor neglects to disclose any information regarding its ownership or executive personnel on its platform.
Meteor is associated with the operation of three distinct web domains:
- meteorusdt.com – registered privately on April 10th, 2024
- meteorusdt.vip – registered privately on April 28th, 2024
- meteorusdt.net – registered privately on April 28th, 2024
It is noteworthy that each of the Meteor website domains is registered via the Chinese registrar Alibaba (Singapore).
It is always crucial to be cautious about joining or investing money into an MLM company that does not transparently reveal who is in charge or owns it.
Product Offerings by Meteor
Meteor does not offer any products or services for retail.
The sole aspect affiliates can promote is the membership in the Meteor affiliate program.
The Compensation Strategy of Meteor
Meteor asks its affiliates to invest in tether (USDT), promising them passive returns.
- M-1 – invest between 14 to 53 USDT and receive daily returns ranging from 2 to 7.6 USDT
- M-2 – invest between 54 to 163 USDT and receive daily returns ranging from 7.9 to 24 USDT
- M-3 – invest between 164 to 359 USDT and receive daily returns ranging from 24 to 54 USDT
- M-4 – invest between 360 to 799 USDT and receive daily returns ranging from 56 to 125 USDT
- M-5 – invest between 800 to 1599 USDT and receive daily returns ranging from 128 to 257 USDT
- M-6 – invest between 1600 to 3499 USDT and receive daily returns ranging from 267 to 584 USDT
- M-7 – invest between 3500 to 6999 USDT and receive daily returns ranging from 613 to 1227 USDT
- M-8 – invest between 7000 to 14,999 USDT and receive daily returns ranging from 1286 to 2757 USDT
- M-9 – invest between 15,000 to 34,999 USDT and receive daily returns ranging from 2870 to 6697 USDT
- M-10 – invest between 35,000 to 100,000 USDT and receive daily returns ranging from 6930 to 19,800 USDT
Commissions for referring new investors are paid based on three levels of sponsorships (unilevel system):
- level 1 (directly sponsored affiliates) – 11%
- level 2 – 3%
- level 3 – 2%
Becoming Part of Meteor
Registration with the Meteor affiliate program is at no cost.
However, to fully engage in the income scheme, one must commit to a minimum investment of 14 USDT.
Final Thoughts on Meteor
Meteor represents yet another example of a simplistic Ponzi scheme, disguised as a “click a button” application.
The façade Meteor presents involves affiliates logging in and triggering a “quantification process” by simply clicking a button (the larger the investment, the more frequently the button is pressed).
This action supposedly kicks off a revenue-generating sequence through quantitative trading, from which Meteor claims to distribute a share of the earnings to its affiliates.
If the explanation appears illogical, it’s because it truly is. A mere button click by users in an application does not instigate quantitative trading.
In practical terms, the button click within Meteor’s app accomplishes nothing significant. What truly occurs is the reallocation of funds from new investments to pay the earlier investors.
Meteor forms part of a new wave of “click a button” app Ponzi schemes that surfaced towards the end of 2021.
Prior precedents of similar defunct “click a button” app Ponzi schemes, employing the same guise of quantitative trading, include names like GICAI, FCBQE, and DCPTG.
With Meteor included, TRUST has documented well over a hundred such “click a button” app Ponzi schemes. Their lifespan typically lasts from a few weeks to a couple of months before they implode.
These “click a button” app Ponzi schemes usually vanish by taking down their websites and apps, often suddenly, inevitably leaving the bulk of participants at a loss due to the inherent Ponzi scheme mathematics.
A recurrent group of Chinese fraudsters is suspected to be the masterminds behind this epidemic of “click a button” app Ponzi schemes.