In the world of online side hustles, new platforms seem to pop up every day promising quick cash for simple tasks. Vlmvip.club is one of the latest entries targeting users in Nigeria, claiming to be a “smart task-earning platform” where you can earn money just by using your phone.
This review will break down exactly how the platform works, from the moment you sign up to the various ways they claim you can make money. We will also take a close look at the risks involved and whether this is a safe place to put your hard-earned money.
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About VLMvip.club
VLM describes itself as a platform where creators can showcase their work and users can earn rewards for completing tasks. The company claims to be registered with the Financial Crimes Enforcement Network (FinCEN) and says they are committed to anti-money laundering efforts and strict fund management.
They connect these claims of security to their Wealth Growth strategy, which involves various earning opportunities like VIP plans, referral programs, and short-term investments launched alongside banks and asset management companies. Essentially, the platform positions itself as a professional workplace where users are referred to as M-level employees.
How To Join VLM
Getting started on VLM is a fairly standard process. When you visit their sign-up page, you are asked to provide your phone number and then click a button to receive a verification code.
Once you have the code, you need to set a login password and a separate security password, which is used for withdrawals later on. Finally, you’ll need an invitation code to complete your registration and gain access to the dashboard.
How Users Make Money On VLM
1. Invest To Earn
The core of the platform is completing daily tasks. For each task you finish, you earn a specific commission. As a Free Trial User, you can do 3 tasks a day and earn 180 NGN per task, though this only lasts for three days.
To keep earning after the trial, the platform encourages users to buy VIP plans. These levels include the VLM 1, which costs 20,000 NGN. You get 3 tasks daily at 260 NGN each, totalling 23,400 NGN a month. VLM 2 Costs 70,000 NGN. You get 4 tasks daily at 700 NGN each, totalling 84,000 NGN a month. VLM 3 costs 300,000 NGN. You get 6 tasks daily at 1,900NGN each, totalling 342,000 NGN a month.
Each of these paid levels is valid for 365 days, and if you upgrade, the amount you paid for your previous level is supposedly refunded to your account.
2. Referral Program
VLM emphasises building a team. You earn a direct A-Level reward when someone you invite upgrades to a VIP level, ranging from 2,000 NGN to 30,000 NGN. There are also smaller rewards for B-Level and C-Level referrals who are invited by your team members.
For those who are very active, there are Team Management Rewards. You can earn a daily commission rate of 4% for A-Level, 3% for B-Level, and 1% for C-Level based on the daily earnings of your entire team. They also offer Team Welfare Bonuses for meeting specific recruitment goals, like signing up three M-level employees.
Recharge & Withdrawal on VLM
To fund your account for a VIP upgrade, VLM uses several payment channels, including VLM Gpay, Kpay, YPAY, and others. The minimum deposit for most mobile pay methods is between 2,000NGN and 4,000 NGN, while they also accept USDT (crypto) with a lower minimum of 1,000 NGN.
When you are ready to take your money out, you have to go through a few security steps first. You must set a fund password and link your bank card, which requires identity verification.Â
The withdrawal screen shows a “Flexible Wallet” system where you can select a withdrawal method and enter your password.Â
Is VLM Legit Or Not?
No, VLM is not fully a legitimate investment platform. Several aspects of the business scheme raise concerns about its credibility and long-term sustainability. One of the concerns it raises is the unsustainable business idea.Â
The platform promises monthly returns that are higher than the initial investment; for example, paying 300,000 to get back 342,000 every single month. This type of math usually points to a Ponzi-style system where money from new members is used to pay older ones, rather than coming from real business activity.
Another concern is the reliance on multi-level referrals. When a platform spends this much energy rewarding you for bringing in new people and taking a cut of their daily work, it often means the tasks themselves aren’t the real source of income.
Conclusion
VLM is a task-based platform that promises high daily returns for completing simple actions, but it requires users to pay VIP fees to access the best rewards. While the app looks professional and has a good team-building system, the extremely high returns and referral-heavy structure make it a very high-risk environment.Â
You should be very careful about putting money into a platform that functions like a deposit-based earning scheme. As an individual interested in learning more about online investment platforms, you can join our WhatsApp group chat or Telegram channel.Â
