This Profit Arena review was made entirely out of observations and independent of any external influences. Make sure you make careful researches before you make any financial obligations.
We will not be held liable for any financial loses or gains arising from decisions made from contents on this page.
What Is Profit Arena All About?
The Profit Arena is a ponzi scheme, just like Wazobia Cash.
In case you’re wondering what a ponzi scheme means, I will be doing a run down on it.
It is a kind of making money scheme whereby you join and earn from other people’s donations. You also earn bonuses for referring people, and your referrals are called your downlines.
The upline earns some particular amount of money, and you are expected to give help (pay others).
It is more like, and unlike other Ponzi schemes like the MMM and Ultimate Cycler.
In fact, if you know about the Wazobia Investment Platform, then they both function the same way.
How Does The Profit Arena Platform Work?
Now, let’s look at my own Profit Arena review and why I think it has more potential than the pioneers.
When you join with ₦20,000 (I think that’s the minimum), you will be required to provide another help of ₦20,000 to get help.
This is to stop the crashing of the system when people stop paying.
Basically, an average Nigerian would want to come, invest and cash out three times and boom, they’re off!
It was what exactly crashed the other platforms, or at least one of the things.
When the early birds are done cashing out and off, the other people will have no option that to keep waiting.
The merging and payment (receiving help) is done in 72 hours, ie 3 days.
The system will not automatically upgrade you as in the case of Wazobia Cash, and you can stick to your initial capital.
I think the system will last longer with this, but who knows?
Who Owns Profit Arena?
Information about the owner of the platform is not on their website but here’s what I got from my researches.
Their domain name, profitarena.ng was registered on the 14th of May, 2020 by Oludare Ayomide.
The registration phone number that was provided is +81.6764****, and it is Japanese.
The second domain name, profit-arena.com’s registrant’s name was protected. It was however registered by a Minnesota phone number, +507.836****.
It was registered on the 13th of June, 2020.
Is Profit Arena Legit Or Scam?
Ponzi Schemes are generally unpredictable, but Profit Arena looks like it has more potential than the others.
Since you must leave a particular portion of your money on the platform, it means it will keep on floating.
The maintenance however is something else, and it was trending on Twitter recently.
Who knows? They’d be back soon and probably with something better.
How Can You Make Legit Money Online As A Nigerian?
Aside ponzi schemes, there are so many other ways to make money as a Nigerian.
I shared some tips that help me generate more than ₦200,000 monthly revenue monthly as a blogger, and you can check them out.
Remember to read the TOS and disclaimers of any website you want to join, especially ponzi schemes.
There might be some ‘tricky’ information embedded in the bulky pages, you you over look them because you’re only after the money.
If you read through them carefully, then you’ll be in a better position to make the best choices for yourself.
Thanks a lot for reading along.
What do you think?
Drop us a comment and don’t forget to share to your friends.