Cryptocurrency has opened up new avenues for investment, but it has also given rise to numerous serious scams. VidiLook is one such company that has been making waves in the crypto space, but not for the right reasons.
In this post, we will take a closer look at VidiLook and examine its legitimacy as an investment opportunity.
VidiLook claims to offer a platform where users can get paid for watching and clicking on ads. However, upon closer inspection, there are numerous red flags that make it difficult to trust this company.
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What is VidiLook?
VidiLook claims to revolutionize the blockchain and media sectors through its exceptional revenue-sharing approach.
VidiLook is a media company that claims to specialize in blockchain and advertising new media. It is reportedly invested by Sequoia Capital and KC Company and is based in Silicon Valley.
Sam Lee, who is known for launching Ponzi schemes such as StableDAO and the fraudulent company Hyperfund, is the founder of VidiLook.
As per Similarweb, the domain vidilook.io has over 110k Monthly traffic and most of the traffic comes from USA (28%), South Africa (16%), and Pakistan (10%).
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How VidiLook Works?
VidiLook has no retailable products or services, the affiliates are only able to market VidiLook affiliate membership itself.
Members download their app and watch ads, paying out of pocket for every view. VidiLook affiliates earn commissions based on the number of views their referrals generate.
The mobile application remunerates users 15 cents worth of VDL tokens per day for watching ads. Additionally, it provides investment plans that promise a daily return of 3% on your investment, enhancing the financial freedom of its stakeholders.
To fully participate in the income opportunity, affiliates must make an initial minimum investment of 50 USDT. Membership with VidiLook as an affiliate is free.
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VidiLook Compensation Plan
VidiLook offers a compensation plan for its affiliates, which involves downloading the app, watching ads, and paying out 15 cents in VDL tokens per day.
There are five affiliate ranks within the VidiLook compensation plan: Affiliate, Novice, Intermediate, Advanced, and Expert.
| Rank | Qualification Criteria |
|---|---|
| Affiliate | Sign up as a VidiLook affiliate |
| Novice | Recruit 10 affiliates who earned at least 7000 USDT together |
| Intermediate | Recruit 3 Novice ranked affiliates |
| Advanced | Recruit 3 Intermediate ranked affiliates |
| Expert | Recruit 3 Advanced ranked affiliates |
1. Affiliates Commission
Affiliates can also invest tether directly into the company, with promised returns based on their investment tier. The MLM aspect of VidiLook pays commissions on the recruitment of new investors.
| Investment Tier | USDT Investment | Daily Returns | Maximum Returns in VDL |
|---|---|---|---|
| 1-Star | 50 | 3% | $200 |
| 2-Star | 150 | 3% | $450 |
| 3-Star | 500 | 3% | $2,000 |
| 4-Star | 1500 | 3% | $7,500 |
2. Referral Commissions
Referral commissions are tiered based on personal investment and recruitment criteria, with commissions paid on USDT invested by personally recruited affiliates.
| Referral Commission | Criteria |
|---|---|
| 10% | Invest at the 3-Star or 4-Star tier, recruit one affiliate |
| 15% | Maintain a 3-Star or 4-Star investment, recruit two affiliates |
| 20% | Maintain a 3-Star or 4-Star investment, recruit three affiliates |
| 25% | Maintain a 3-Star or 4-Star investment, recruit four affiliates |
| 30% | Maintain a 3-Star or 4-Star investment, recruit five affiliates |
3. Residual Commissions
VidiLook’s residual commissions are paid down to three levels of recruitment through a uni-level compensation structure.
The commission rates for each level are as follows: Level 1 (personally recruited affiliates) receives 15%, Level 2 receives 5%, and Level 3 receives 3%.
4. ROI and VDL Match
VidiLook affiliates earn a daily percentage match on returns paid to their downline, based on their rank.
Novice affiliates earn a 3% match, intermediates earn 6%, advanced earn 9%, and experts earn 12%.
In addition, affiliates also earn a daily VDL match based on their rank, with novices earning 0.1%, intermediates earning 0.2%, advanced earning 0.3%, and experts earning 0.4%.
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VidiLook Review
VidiLook seems a legitimate and lucrative opportunity to earn online, but their are some major red flags to know before investing in it.
1. Lack of Transparency
The absence of any information regarding the Team of Vidilook is a significant warning sign.
Upon inspection of their website, we could not locate any details about the individuals who operate or possess the company. This lack of transparency should raise serious doubts and give potential investors pause before committing any funds.
Even they made false claims of partnership with some global brands.
2. No Real Products
One of the main issues is that the company does not have any real products or services to offer, which is a major red flag.
The only way to make money with Vidilook is by recruiting others into the scheme or by investing money with the promise of earning a return.
3. Nasty Background Of the Founder
Sam Lee, the founder of VidiLook, has previously launched StableOpinion, which is a Ponzi scheme. Lee’s strategy seems to be to revive the Ponzi schemes from the 2000s, including the concept of making money by watching ads.
While this type of Ponzi scheme has been obsolete for quite some time, Lee is trying to give it a fresh twist by incorporating blockchain technology into the mix.
4. False Claim
Another point to consider is the company’s claim of being partnered with multi-billion dollar advertising companies.
As previously mentioned, this claim is most likely nonsense, and anyone familiar with digital advertising would tell you that getting paid to watch or click on ads is against the terms of service for legitimate advertising platforms.
5. Ponzi Scheme Model
It’s also worth noting that Vidilook operates on a Ponzi scheme logic.
Affiliates are paid commissions from the investments made by new recruits, and the returns promised to investors are generated using funds from later investors. This type of scheme is unsustainable and often leads to a collapse once the flow of new investors slows down.
Should I Join VidiLook?
It’s important to remember that investing in any high-risk, unregulated scheme like Vidilook carries a significant risk of losing all of your money.
The lack of transparency and past history founder doubles the risk. It’s crucial to do your own research and consult with a financial advisor before investing in any type of investment opportunity.
VidiLook firstly deceives people with watch ads to earn money model, but their prime agenda is to make people invest in them. Hence they offer heavy referral commissions for recruitment.
Being a money circulation fraud scheme, VidiLook going to collapse sooner, so don’t make the mistake of joining it. Eventually, you will waste your important time and money.
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ViDiLOOK is a great scammer. Disabled my account. Changed their initial policies and regulations.
Horrible Company. Greedy CEO.
Be aware of their snake like sales tactic.
A friend almost convinced me to join until they changed their 45$ daily roi for 1500$ capital investment, it’s no longer 45$ but 22.5$. I’m taking to my heels. Thank you your review.