BuilderDefi, whose website is Builderdefi.com, is promoting the creation of a decentralized finance business scheme in which investors may earn from a platform that enables the creation of decentralized apps.
Nonetheless, this website resembles a Ponzi scheme in appearance. Rather than placing your money into a supposed decentralized app project, you should invest in more legit trades.
Read further to know more about builderdefi if it is a legit platform or not.
Overview about BuilderDefi
As seen in the sight, BuilderDefi is the decentralized finance platform of the future, a one-of-a-kind distributed business building platform that allows producing decentralized apps.
However, BuilderDefi has no information regarding who is behind it.
Who Runs this Ponzi scheme?
There are no details about who is behind BuilderDefi.
On November 8th, 2021, BuilderDefi’s website domain was privately registered.
Also, a BuilderDefi webinar was hosted by “Sal Alicio” on Sunday, February 6th, 2022.
Alicio is the one that is behind BuilderDefi. He doesn’t take entire responsibility for BuilderDefi, claiming that he hired Alan Friedland as the company’s “developer and architect.”
This is the guy I came on board and hired to be the developer and architect for the Builder project.
Alan is the architect, the brains behind the entire platform we developed for Builder.
Later in the call, it becomes clear that Friedland is running BuilderDefi.
It’s also worth noting that BuilderDefi’s website has a contract link that leads to NRGY.
BuilderDefi rubs on BLDR. However, because the website refers to NRGY’s contract, it’s uncertain whether BLDR exists (yet).
Friedland’s second attempt at crypto fraud, following the CFTC’s investigation of CompCoin, was NRGY.
Recently, Friedland did go to trial but instead of losing, he settled mid-trial.
NRGY ended up a flop. Furthermore, NRGYGO, the reboot, turned out the same. That is notably why BuilderDefi is the third attempt to bring the scheme back to life.
BuilderDefi ROI Scheme
What is evident is that BuilderDefi’s proposal involves a weekly return of 5%.
BuilderDefi’s passive returns, according to Alicio, are a viable alternative to traditional banking.
Two-level deep referral commissions are also given to stimulate investment.
You’ll earn 8% if you can get people to invest in NRGY (or BLDR). You’ll gain 3% of the funds raised if your recruits seek investment.
More insights on BuilderDefi Review
At Alicio’s presentation on the investment’s potentials during the previously mentioned webinar, Santos Kidd and Chris Hawk join him.
In the video, Kidd claims he washed dishes before pursuing a career in finance. He now owns Kinaole Financial, a debt-relief company with a defunct website.
It is also important to note that Chris Hawk is a former member of NRGY. Hawk “very much controls the NFT side of this whole business,” according to Alicio, who claims he got engaged with Friedland and Hawk “around a year ago” (presumably making him a part of the NRGY Ponzi scheme).
The point is that the funds put into the pool are the ones that are removed on the backend (converting Builder tokens to USDC, which is then cashed out elsewhere
Nevertheless, NRGY bag holders are being phased out in favor of BLDR, though the BLDR link on BuilderDefi still refers to NRGY.
The average passive return rate is 5% each week, with referral commissions also available.
Instead of an immediate dump followed by a slow-bleed collapse, NRGY has a slow-bleed collapse.
Those with the most money invested (Alan Friedland and friends) will clear out their investments through ROI withdrawals throughout the first 40 weeks.
To summarize, Early BuilderDefi investors will take most of the invested money, just like any other Ponzi scheme.
The idea is that in the long run, nothing will be available for investors to withdraw.
BuilderDefi is still a money-flowing closed-loop system. Until withdrawals are made, returns are monopoly money, with withdrawals paid out of invested funds.
To put it another way, BuilderDefi is as Ponzi as it gets.