If you have been looking for ways to make money online in Nigeria, you might have come across Xplore.name.ng. It is a new site that claims to offer users a way to earn a daily income by “investing” in different product packages.Â
In this review, we are going to look at how the platform works, how much you can really earn, and whether it is a safe place for your money. By the end of this article, you should have a clear idea of what to expect before you decide to sign up.
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About Xplore.name.ng
Xplore presents itself as an online earning platform where users can purchase various “Xplore” plans to generate a daily revenue. While the site uses images of smartphones to represent these plans, it functions primarily as an investment platform where you put in a certain amount of money to get a daily return over a fixed period of time.
The platform offers a variety of earning opportunities, ranging from small starter packages to very expensive VIP-style plans. It also heavily promotes a referral system, encouraging users to build teams to increase their earnings through commissions.
How To Join Xplore
When you visit their sign-up page, you will need to provide a mobile number, a numeric password that you will use to log in, and a referral code; usually, this is filled in automatically if you used someone’s link.
Once you fill in these details and click the Sign up button, your account is created, and you can access the dashboard.
How Users Make Money On Xplore
1. Invest To Earn
This is the main feature of Xplore. They offer several levels of investment, which are called “Xplore 1” through “Xplore 10”. Each plan has a 50-day income cycle.Â
Here is a breakdown of some of the plans:
Xplore 1: You pay ₦5,000 to earn ₦800 daily. And a total revenue of ₦40,000. Xplore 3: You pay ₦25,000 to earn ₦4,000 daily. And a total revenue of ₦200,000.
Xplore 5: You pay ₦75,000 to earn ₦12,000 daily. Total revenue is ₦600,000.
Lastly, Xplore 10: You pay ₦1,000,000 to earn ₦160,000 daily. And a total revenue of ₦8,000,000. Essentially, the platform promises to pay you back eight times your initial investment within less than two months.
2. Referral Program
Xplore also has a referral system designed to help you earn by building a team. They use a three-level commission structure:
Level 1 is given a 22% commission on whatever your friends deposit; members of level 2Â get a 2% commission from people invited by your friends.
Level 3 gets a 1% commission from the next level down.
Payment & Withdrawals on Xplore
To buy any of these plans, you have to recharge your account. The minimum deposit is ₦3,000. The platform states that deposits can be made at any time and usually take between 1 and 10 minutes for the system to approve and reflect in your balance.
When you want to take your money out, there are a few things to note: You can request a withdrawal any day from Monday to Sunday; the smallest amount you can withdraw is ₦800; there is a 5% withdrawal charge deducted from your payout; you must provide your name, bank account number, and the name of your bank to receive the money.
Is Xplore Legit Or Not?
No, Xplore is not legit, as many people have pictured the platform. There are too many red flags to confidently describe Xplore as a legitimate investment platform. The promises made by the platform do not align with how genuine investment businesses operate.
The biggest red flag is the unrealistic return on investment. Any platform promising to turn ₦5,000 into ₦40,000 in just 50 days is likely a Ponzi-style scheme. Real businesses simply do not have the ability to do that.
Another is that the platform relies on its referral program, offering 22% commission for new recruits. This suggests that the money being paid out to older members is likely coming from the deposits of new members, rather than from any actual business activity or product sales.Â
Conclusion
Xplore is a high-risk platform that functions like a deposit-based earning site. While it may pay out early users to build trust, the unsustainable daily rewards and the focus on recruitment are clear signs of a Ponzi scheme.Â
There is also a total lack of transparency regarding who owns the company or where it is officially registered. These types of platforms often disappear once the rate of new sign-ups slows down.Â
