Xtracapital ponzi scheme is a 2:1 matrix scheme using the provide help and get help mode of operation.
Xtracapital claims its goal is to destroy the world unjust ‘financial system i.e financial Apocalypse’.
In real sense, the ponzi scheme is not the solution to the financial system of the world because they are the cause of most of the epileptic financial situation of most citizens that invested in them.The financial system can only become better with the intervention of the government and regulated bodies.
Ponzi schemes are just out there to milk out your hard earned money deceiving with outrageous and bogus promises, Xtracapital promises 100% interest on initial investment invested in the scheme.It is described as ”a community of ordinary people, selflessly helping each other, a kind of the Global Fund of mutual aid. This is the first sprout of something new in modern soulless and ruthless world of greed and hard cash. The goal here is not the money.”
In Xtracapital you are expected to select from the different investment categories. Package Plans Include; NGN5,000 and Get NGN10,000 NGN10,000 and Get NGN20,000, NGN20,000 and Get NGN40,000. This is how it works;After registering, You are required to pick a package and you will be merged to donate your chosen sum to another peer on the platform.After donating to the person,you are put in queue to receive payment from a newly registered also and it continues like that and after you also get paid,you will be expected to recycle and donate to someone else.
This is the same logic every other Ponzi schemes have adopted and still does not work because they end up shutting down in weeks and leaving the participants helpless and hopeless.
