What is TwinKAS? Is it another scheme that consumes Nigeria? This project is new for Nigerians, but with the rise of Ponzi Schemes, like MMM Nigeria and NNN Nigeria, people have become suspicious about new "financial empowerment services."
How does TwinKAS work and what you should know about it? Find the answers here!
TwinKAS is a system of peer to peer payment. It works in the form of donations from one member to another. According to the information on the TwinKAS website, the platform was created for helping people. It's created to assist people in receiving and giving donations to each other. It's totally free, and you can have multiple accounts on the platform. There is no central bank account for receiving and giving donations, and it looks suspicious as many Ponzi schemes use this tactic to fraud people.
TwinKAS account – how does it work?
When you register in TwinKAS, you will have to choose one of the four packages. These packages are Ultimate, Premium, Professional, and Veteran.
- The veteran is a newly presented feature of TwinKAS. With your Veteran package, you have to pay 100 000 Naira to get 200 percent payback. The system will automatically connect you with two other members to pay 100 000 each.
- The ultimate package provides you one of the biggest bonuses. When you choose the Ultimate package – you will have to pay 50 000 Naira and expect 200 percent back. Therefore, you will be connected with two other people, who would pay you back 50 000 Naira each.
- The premium package requires you to pay 20 000 Naira to get 40 000. The system provides you people to payback within 21 days.
- The professional package obligates you to pay 10 000 Naira to get back 20 000 Naira in 21 days. The system will automatically give two people to pay back your 200 percent.
- Classic package requires you to pay only 5 000 and get your money back with 200 percent profit. It`s the lowest pay package where you can only get 10 000 Naira within 21 days.
Before you create your TwinKAS account, make sure you will be able to make your payment in 24 hours. Otherwise, you will be kicked out of the system without possibility to register your TwinKAS account again.
- To register the account, you should follow next link: TwinKAS Account. You will open the registration form in a new window. After that, you will select the level to start by and sign up at the level you have chosen.
- After that, you will see a new page needed to be filled with your details. When the details are filled, you can proceed and click to “Create Account.”
- You need to select a package if you want to see people paying you. Just scroll down the TwinKAS dashboard and select “Join a package now”. After that, you can see who will pay to you.
How TwinKAS work?
When you join to TwinKAS, you have to pay the of 5 000 Naira, 10 000 Naira, 20 000 Naira, 50 000 Naira or 100 000 Naira to your fellow member assigned by the system. When the member gets you money, the system will assign two other people with TwinKAS accounts to you. They will pay you to double for what you have invested. For example, if you have paid 5 000 Naira you receive 10 000 Naira, if you have paid 100 000 Naira, then you get 200 000 Naira. The system will assign referral to pay back. After you have received money from two people below you, the system will kick you off and allow more registrations.
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You should know that you can expect the return on investments within 21 days. You can also use referral links to make more money. You can take 5% of donated money with the help of your referral link.
Let's sum up
- You can donate through various platforms, which includes donations of 5 000, 10 000, 20 000, 50 000 and 100 000 Naira.
- You sign up to the system with no difficulties.
- You donate to an individual account and not to a bank.
- You should activate your registration code and donate money within 24 hours, or you will be kicked out of the system.
- Do not expect a refund of payment.
- You can expect communication only between donator and receiver only!
- You will be rewarded with 200 percent profit for your generosity.
- All Disagreements and disputes between members of the community will be handled by the system administrator.
- You can expect to have 5 percent from every donation made thanks to your referral link.
Is TwinKAS still paying?
TwinKAS is one of the new platforms for today and it has not broken yet. The members of the community provide information that TwinKAS is still paying to its members. Therefore, you can expect the return of your donations within 21 days.
Is TwinKAS a legitimate business?
Business always includes providing some products and services for money. Any business is based on a business plan which includes many possibilities. The only plan that TwinKAS can provide you is that you pay one sum of money and doubles it within 21 days. Nevertheless, the only source of money is people below you. The system works until two people pay money to enrich one with double profit. This illusion will end as soon as the amount of donations from new people will not be enough to pay old members. Unfortunately, this is the end of any Ponzi Scheme.