what is ant ranch

what is ant ranch

1 year ago 49
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Ant Ranch is a platform that claims to be an investment opportunity, particularly for South Africans. However, it has been identified as a Ponzi scheme. The platform lacks transparency in ownership details and does not offer any retailable products or services. Ant Ranch affiliates invest South African Rand (R) or tether (USDT) equivalents on the promise of advertised returns. The platform represents clicking a button as corresponding with a farming yield, which is then sold to fictitious buyers, completing the ROI payout. However, there is no farming or animals being farmed, and the platform is simply recycling newly invested funds to pay off earlier investors. Ant Ranch fails to provide ownership or executive information on its website, and its website domain was privately registered, concealing the owners identity. The source-code of the website contains Chinese, hinting at a potential Chinese origin, and the domain is registered through Alibabas Singapore division. The Ant Ranch "click a button" app Ponzi scheme has collapsed, and the website has been disabled. Investors have been warned to be cautious of such schemes and to avoid investing in them.

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