Lately, many people are looking for simple ways to earn extra cash online, and Veloxwm.vip is new in the music rating space. The platform claims you can earn rewards just by listening to and rating music clips.
In this review, I’ll take a look at how the platform works, the different ways they say you can make money, and whether it’s actually a safe place for your hard-earned cash.Â
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About Veloxwm.vip
Veloxwm describes itself as a startup operating under a company called Oriel, which it claims is a communications firm based in New York City. They claim to have been founded in 2021 and work with big names like Grammy and Oscar winners to help artists grow their visibility.
The platform claims that every time a user rates a piece of music, they are helping with behind-the-scenes promotional work. Because of this, the platform says it pays out a commission to its users. This is tied directly to their various VIP plans and earning levels, where the more you invest or participate, the higher your rewards.
How To Join Veloxwm
When you visit the registration page, you are asked to provide your phone number; you will also need to create and confirm a login password. One thing to note is that you are required to have an invitation code to join.Â
Once you have filled in these details and agreed to the terms and conditions, you just click “Register Account” to get started.
How Users Make Money On Veloxwm
1. Invest To Earn
The main way to earn is by completing rating tasks. Even as a new intern, the system gives you two tasks a day for a two-day period to show you how it works, earning you a total of ₦500.
To keep earning after the internship, you have to pay for a VIP level. These plans start at V1, which requires a ₦21,000 deposit to earn ₦700 daily.Â
The levels go all the way up to V9, which costs a staggering ₦22,080,000 and promises a daily income of ₦736,000. Each membership is supposedly valid for one year.
2. Referral Program
The platform encourages users to bring in others. You can earn 12% of whatever your direct A-level friends deposit. It doesn’t stop there; you also get a small percentage (3% for level B and 1% for level C) from the people your friends invite.
For those who build large teams, there is a Monthly Salary Plan. If you have 10 members in your team, you can reach the Junior position and receive a ₦35,000 monthly salary. This goes up to the Partner position, which requires 3,000 members and promises a monthly salary of ₦10,000,000.
How To Deposit on Veloxwm
To upgrade your account to a VIP level, you have to recharge. The platform uses a payment method called SHPAY, which involves a bank transfer.Â
You can select a pre-set amount that matches the VIP level you want to join. After you make the transfer, you have to upload a voucher or proof of payment to get your balance credited.
Withdrawal Process on Veloxwm
To withdraw, you first have to set a transaction password for security. Then, you must bind a bank account to your profile, providing the bank name and your account details.Â
The platform has set withdrawal amounts you can choose from, starting at ₦3,500, and they claim that you will receive your money within 10 minutes.
Is Veloxwm Legit Or Not?
No, the platform is not legit. You can not trust Veloxwm with your hard-earned money because of the features on the website that are unrealistic. One major reason is that it functions exactly like a Ponzi scheme.Â
While it claims you are making money by rating music, the reality is that the high returns and multi-level referral bonuses suggest that the money is simply being moved from new members’ deposits to older members. No real music promotion business can sustainably pay back a user’s entire investment in just one month through simple clicks.
The pressure to recruit others to earn a salary or management fees shows that the platform’s survival depends entirely on constant new sign-ups. Once the number of new people joining slows down, these types of platforms usually disappear along with everyone’s deposits.
Conclusion
Veloxwm is a platform that promises high daily returns for rating music, but it requires a significant upfront activation fee to see any real profit. While the app looks professional, its reliance on referrals and its pay-to-earn scheme are signs of a high-risk investment.Â
You should think very carefully before putting any money into a system that asks for millions of Naira with the promise of overnight wealth. Users can join our WhatsApp group chat or Telegram channel to learn more about online investment platforms.
