Forsage.io Review | Is Forsage Trustable?

Forsage.io is a website that is associated with a type of investment scheme known as a "smart contract" or "matrix" scheme. These types of schemes are often considered to be fraudulent and illegal, as they typically involve promising high returns to investors but using new investments to pay off earlier investors, rather than generating profits through legitimate business activities.

It's important to be cautious and to thoroughly research any potential investment opportunity before handing over your money. Additionally, you should be careful of unsolicited offers of investments and never invest more than you can afford to lose.

It's also important to note that, these kind of investment schemes are not regulated by any financial authorities and hence, there is a high risk of losing all the invested money.

How Forsage Works?

Forsage is a decentralized platform that operates on the Ethereum blockchain. It is associated with a type of investment scheme known as a "smart contract" or "matrix" scheme. In this scheme, participants are asked to invest a certain amount of money, typically in the form of Ethereum, in order to join the program.

Once they have joined, they are then asked to recruit new participants in order to earn commissions. The commission earned is based on a matrix system, which means that as new participants are recruited, they are placed in a matrix under the person who recruited them.

As the matrix fills up, the commissions earned by each participant increase. The scheme promises high returns, however, in reality, these schemes rely on the constant recruitment of new participants in order to generate profits.

Forsage claims to offer a decentralized platform for investment on Ethereum blockchain and it does not have any central authority controlling the platform. However, the truth is, it's a Ponzi scheme, with no real product or service behind it, and it relies on new investors money to pay off earlier investors.

In short, Forsage is not a legitimate investment opportunity and it's important to be cautious and thoroughly research any potential investment opportunity before handing over your money. Additionally, you should be careful of unsolicited offers of investments and never invest more than you can afford to lose.

Is forsage a real company?

Forsage is not a legally registered company and it doesn't have any legal entity behind it. It is a decentralized platform that operates on the Ethereum blockchain, and it is associated with a type of investment scheme known as a "smart contract" or "matrix" scheme. As I mentioned earlier, these types of schemes are often considered to be fraudulent and illegal, as they typically involve promising high returns to investors but using new investments to pay off earlier investors, rather than generating profits through legitimate business activities. It's important to be cautious and thoroughly research any potential investment opportunity before handing over your money. Additionally, you should be careful of unsolicited offers of investments and never invest more than you can afford to lose.

Who is owner of forsage?

The identity of the owner or creators of Forsage is not publicly known. The platform operates as a decentralized, open-source project on the Ethereum blockchain, meaning that it is not controlled by any single individual or organization. Transactions on the platform are recorded on the Ethereum blockchain, but it does not reveal personal information about the users.

However, there are few individuals or groups who are promoting it and are believed to be making profit from it but it is not confirmed. It is important to note that these types of investment schemes are often not transparent about their ownership or management structure, which can make it difficult to identify who is responsible for the platform's operations and to hold them accountable if something goes wrong.

Forsage is safe or not?

Forsage is not considered to be a safe investment opportunity. It is associated with a type of investment scheme known as a "smart contract" or "matrix" scheme. These types of schemes are often considered to be fraudulent and illegal, as they typically involve promising high returns to investors but using new investments to pay off earlier investors, rather than generating profits through legitimate business activities.

Additionally, as Forsage operates on the Ethereum blockchain, it is not regulated by any financial authorities, which means that there is no oversight or protection in place for investors. This also means that if something goes wrong, there may be little recourse for investors to recover their money.

It's important to be cautious and thoroughly research any potential investment opportunity before handing over your money. Additionally, you should be careful of unsolicited offers of investments and never invest more than you can afford to lose.

It is advisable to avoid such types of investments schemes, as they are high-risk and most of the time, investors end up losing all the invested money.

Alert!

Forsage has officially been declared as a Pyramid Scheme by the Philippines Securities and Exchange Commission (SEC).

Based on numerous reports and information gathered by the Commission, the entity operating under the name FORSAGE, headed by LADO OKHOTNIKOV, is found to be engaged in investment-taking activities in the Philippines which is NOT AUTHORIZED by the Commission,” the SEC noted.

The model of the DApp resembles with classic multi-level marketing (MLM) scheme as users profit by attracting more users to invest in multi-level “slots” – each slot is twice as expensive as the previous, and returns twice as much profit to the original referrer.

“Forsage’s so-called smart contract partakes of the nature of securities through an investment contract where investors need not exert any effort other than to invest or place money in its scheme in order to profit,” the regulator added.

“The public is advised NOT TO INVEST or STOP INVESTING in any scheme offered by FORSAGE or such other entities engaged in smart contracts, cryptocurrencies, and digital asset trading that are not registered with the Commission and the BSP,” the regulator warned. (SOURCE)

Forsage.io - Domain name lookup (Whois)

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Disclaimer

Disclaimer: This review is intended for information only and should not be relied on when making financial or business decisions. If you are a website owner and would like to provide clarifications regarding your business and/or website, please get in touch using the Contact Forum