We Share Abundance has announced newly invested in WESA tokens will be locked for six months.
The new policy effectively prohibits new investors from cashing out for half a year.
WSA owner Graham Frame’s
last attempt to prevent WESA token withdrawals
saw him limit withdrawals to recruiters.
The reason behind this was no new recruits = no new invested funds for WSA to pay withdrawal requests with.
Existing WSA affiliates revolted, having been sold on the idea of passive returns. Consequently Frame reversed his decision within twenty-fours.
This new arrangement lets existing WSA affiliate investors cash out, at the direct expense of new investors.
Existing WSA affiliates who invest new money will also have their new tokens locked. Given everyone seems to be trying to withdraw though, I don’t think this is an issue.
To encourage new affiliate investors to hand over money, Frame (right) is flogging WESA tokens ‘
at a tiny fraction of their value’.
The current internal WESA token price is $110 for ten tokens. The internal WESA token withdrawal rate is not made public.
Frame arbitrarily sets the internal WESA token withdrawal rate, allowing existing affiliate investors to cash out.
Alexa traffic rankings for We Share Abundance’s website shows a flatline throughout November. December has thus far seen traffic go into decline.
For a Ponzi scheme like
We Share Abundance
, either scenario prolonged long enough will lead to a collapse.
Update 19th May 2021 –
We Share Abundance has collapsed. Graham Frame has announced a
Wesa Coin reboot
.
🤖 Quick Answer
What is the new investment policy announced by We Share Abundance?We Share Abundance has implemented a six-month lockup period for newly invested WESA tokens, preventing new investors from withdrawing their funds during this timeframe. This policy aims to restrict cash-out opportunities for recent investors while allowing existing affiliates continued access to withdrawal privileges.
Why did Graham Frame introduce token withdrawal restrictions?
Frame's objective was to prevent liquidity drainage by limiting withdrawals to recruiters only. The strategy addressed cash flow concerns, as the absence of new recruits would eliminate incoming investment funds necessary to fulfill withdrawal requests from other investors in the program.
How did existing WSA affiliates respond to Frame's initial restrictions?
Existing WSA affiliates opposed the withdrawal limitations, having been recruited based on passive income promises. The backlash prompted Frame to reverse his decision within twenty-four hours, restoring withdrawal access for established affiliate investors.
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