Is Racksterli Legit?

When it comes to investment in Nigeria, there is always a new platform that springs up every now and then. The interesting fact is that the majority of Nigerians do not do their due diligence before investing, and before they realise it, they have fallen for another scam.

In this article, we shall review another investment platform that gained popularity among Nigerians. We shall find out if Racksterli is a legit investment platform or if it is just out to scam Nigerians.

WHAT IS RACKSTERLI?

Racksterli is a website that claims to pay its users to use their social media profiles to promote products. They offer consumers and advertisers a platform for advertising.

This, in turn, makes them an investment company. According to them, they reward users for completing certain tasks given by the company. They also claim to use the internet to help their users make money online.

They were able to gain the trust of so many Nigerians by using celebrities such as Davido as their brand ambassadors. They promise their users a very high return on investment some minutes after they have invested money in the platform.

WHO OWNS RACKSTERLI?

From our findings, Racksterli is owned by Michael Chidiebere Oti and was founded in July 2020. They claim to be located in Lagos.

WHAT YOU NEED TO KNOW ABOUT RACKSTERLI

Racksterli is not any different from most websites that claim to give their users a high return on their investment. From past stories and experiences, we know what happens to platforms like this: they usually end up in premium tears. There is nothing new or special about them.

We assume you must have heard of the previous rack sterly; they also didn’t last long like they all do. What they do is pay for a while, gather trust, only for them to later stop paying, and their users then realise it was all a scam.

WHY ARE PEOPLE INVESTING IN RACKSTERLI?

One of them is that the majority of individuals don’t conduct research on money-making schemes as long as they promise to make them wealthy. You can’t blame them; in a country where the poverty rate is high, any opportunity is an opportunity. Some consumers have invested their money in such scams without doing background checks due to the fear of missing out (FOMO).

There are many who have actually benefited from such schemes. This is so that they may reimburse earlier investors with the money they extract from new members. This led to some others investing money in it as well, which resulted in heartbreak.

In the past, Racksterli has used celebrities to promote their business. This eventually produced a positive outcome because investors believed in such public figures and celebrities, which made them invest in the platform. It is crucial that people are aware of this and do not use it as justification for investing in such schemes because it has in the past ended in premium tears.

WHAT SHOULD YOU DO BEFORE INVESTING IN ANY INVESTMENT SCHEME?

It is very important to carry out serious research on any platform that comes to your attention. This should include the owner of the company and what they claim to be invested in, so as to avoid stories that touch.

Avoid companies that promise unrealistic returns on investment. It is important to note that great things take time. Any investment that promises more than 15% per year should be avoided, in our opinion. If it looks too good to be true, then it is too good to be true.

You should bear in mind that just because a business has a physical address doesn’t necessarily guarantee that it is trustworthy. Even though Racksterli has a physical address, that doesn’t mean it can’t be abandoned if it crashes and billions of naira vanish into thin air.

IS RACKSTERLI LEGIT?

Since Racksterli gained attention, a number of individuals have been making inquiries about it.

The truth is that many people are seeking places to invest their money since doing so can help them become affluent and rich. In light of this, individuals are creating schemes in that direction, Racksterli being one of them.

In response to the previous question, we believe Racksterli is not legit for a variety of reasons. One of them is that it promises a very high return on investment. One could argue that this is a method to get others to invest their money in it.

Another reason is that Racksterli lacks a legitimate certification. This in turn supports our conclusion that they are not a legit investment company. There is no qualification for this since they claim to have evolved into an advertising agency.

The company’s high return on investment, yet non-high-yield investment programme, is another reason why it is viewed as a scam.

RACKSTERLI IS NOT RELIABLE FOR THESE REASONS

These are some of the reasons why Racksterli is not reliable.

• They don’t have any real certification.
• They claim to be a marketing company, yet they have no certification.
• Too much return on investment
• There’s no visible thing they’re investing in.

The money they receive from new investors is what they use to pay previous investors. The platform will eventually crash when the rate at which new users are added drops or stops.

HOW DOES RACKSTERL WORK?

Racksterli pays you for sharing a business ad on your Facebook timeline. The advertisement you will be sharing is intended to bring in more customers for the company. This, in turn, means more earnings for Racksterli and its members.

According to them, they have individuals, companies, and businesses that have partnered with them for advertising. All that is required is for users to share the advertisement daily and earn daily.

RACKSTERLI SUBCRIPTION PACKAGES

There are two packages:

• Standard package: this costs 14,000 naira, and you earn 1.9%. Your interest is credited daily to your Racksterli account.
• Premium package: this costs 28,000 naira, and you earn 3.9%.

WHAT YOU GET IF YOU REFER OTHERS

Racksterli rewards its users for referring others to the platform. This is how their reward system works.

• You will earn $3 for every individual you refer to the standard package.
• You will earn $8 for every individual you refer to the premium package.

On the premium package, you will earn the following referral bonus:

• For every 10 people, you will earn $25.
• For every 25 people, you will earn $100.
• For every 100 people, you will earn $400.

The above referral bonus is only available to those on the premium package.

Racksterli also promises one month’s subscription for free if users refer 50 people.

HOW TO INVITE FRIENDS

To invite friends, you will need to contact one of the coupon code distributors at Racksterli to get a registration code. After that, go to your dashboard, click on your referral link, and register your prospect.

Ensure you input the correct details of your prospect and click on “Register.

FREQUENTLY ASKED QUESTIONS

Does Racksterli pay without a referral?

From our findings, you don’t need referrals to receive your earnings. However, you can invite people to increase your earnings.

How does Racksterli pay?

According to their website, you will be paid before your subscription expires. They claim to make payments within 24 hours.

How much do I need to register?

You need to pay 14,000 or 28,000 naira, depending on the package you want to subscribe to. Bear in mind that your subscription is not for life. It is a monthly subscription.

CONCLUSION

We will not recommend you put a dime in them as they are not reliable. Racksterli claims that their scheme can enrich people who put their money into it. It is very important to watch out before putting your money into it in the name of investment.