Rroleex.com is a new platform that was recently launched, promising Nigerians a way to earn a daily income by investing in luxury watch-themed plans. June 5th was its launch date, and it has quickly gained attention because of the high returns it claims to offer.
If you have been seeing ads for this platform or a friend invited you, you are probably wondering if it is an opportunity or something you should avoid. In this review, we will look at how the site works, the different ways you can earn, and whether it is a safe place for your money.
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About Rroleex.com
Rolex is an investment-based platform where you pay for different “Crown VIP” levels. Once you buy a watch plan, you are promised a specific amount of money every single day for a set period.
The website claims to be affiliated with top brands like the popular Rolex watch, but it is just a mere investment platform that has nothing to do with the real firm.
How To Join Rolex
Getting started on the platform is quite simple. When you visit the sign-up page, you are asked to provide your phone number and create a password. You also need to enter an invitation code, which is usually provided by the person who referred you.
As a warm welcome, the platform gives new users a ₦1,000 registration bonus just for signing up. However, you cannot withdraw it until you meet certain requirements.
How Users Make Money On Rolex
1. Invest To Earn
The platform offers several Crown VIP investment packages that last for 35 days
Crown VIP1 costs ₦7,500 and pays ₦850 daily plus a ₦150 bonus, Crown VIP2 costs ₦15,000 and pays ₦1,850 daily, Crown VIP3 costs ₦35,000 and pays ₦4,550 daily.Â
The plans go all the way up to Crown VIP8, which costs ₦1,500,000 and promises ₦300,000 every single day. They also have shorter Crown SVIP plans that last only 5 days, such as a ₦30,000 plan that pays ₦2,000 daily.
2. Referral Program
Rolex also uses referrals. They offer a three-level commission structure. If you invite someone Level 1, you get a 25% commission on their investment.Â
You also earn 1% from people your friends invite, Level 2 and another 1% from the next level, Level 3. There is also a 7% rebate whenever your direct team members reinvest their earnings.
The platform rewards people who build large teams through invitation milestones and team bonuses. For example, if you invite 5 users who actually deposit and buy a plan, you get a ₦450 bonus. If your total team recharge reaches ₦562,500, you can earn ₦6,000.
Payments & Withdrawal on Rolex
To start earning, you have to fund your account with at least ₦7,500. You can do this through their payment channels, which are available 24/7.Â
The platform claims that recharges usually arrive in your account within 30 minutes. If you contact customer service after your first recharge, they even promise an extra ₦500 bonus.
When you want to take your money out, the minimum withdrawal amount is ₦1,500. Withdrawals are processed between 9:00 am and 5:00 pm.Â
However, you must be a VIP member to withdraw, and the platform charges a 15% tax on every withdrawal you make. They claim it takes 30 minutes to 24 hours to receive your funds.
Is Rolex Legit Or Not?
No, Rolex is not legit and does not appear to be a fully trusted investment platform because the earning structure is unsustainable. Offering over 10% daily return on your money is unrealistic.Â
Most of the money being paid out to older members likely comes from the deposits of new members; this attribute is found in Ponzi scheme sites.
Furthermore, the focus on recruitment and high referral commissions up to 25% suggests that the platform needs a constant flow of new people to keep going.Â
Also, the 15% withdrawal tax and the requirement to buy a VIP product before you can even touch your money are also signs that the platform is trying to keep as much cash as possible within the system.
Conclusion
Rolex is a high-risk platform that claims to offer daily profits through investment plans. While it might be paying out early members right now since its June launch, the business depends on new people joining and depositing money.Â
It is highly likely to be a deposit and withdrawal scheme that could stop working at any time. Users should be careful about the amount of money they invest, as such platforms can disappear with no trace.
You can join our WhatsApp group chat or Telegram channel to learn more about online investment platforms, and also get the latest information on the website where people can invest and earn.
