Treasure NFT: Scam or Legit? The Truth Behind Its Referral Scheme
Treasure NFT is a platform that operates on a referral-based earning model, meaning users don’t actually earn from any real product or service but only by referring others to join. This is a classic Ponzi or pyramid scheme, where the money from new users is used to pay earlier members, and once new sign-ups slow down, the whole system collapses.
Why is Treasure NFT a Scam?
1. No Real Product or Value – A legitimate NFT platform should allow users to buy, sell, or trade digital assets, but Treasure NFT only focuses on referrals.
2. Unsustainable Model – Since earnings depend on new people joining, once recruitment stops, users lose their money.
3. High Risk of Collapse – Such schemes always end with the majority of users losing money when the platform shuts down.
4. False Promises – They often claim easy earnings but fail to mention the high risk involved.
Why is Treasure NFT Haram in Islam?
1. Riba (Interest or Fraudulent Gains) – Making money without providing any real service or value is against Islamic finance principles.
2. Gharar (Uncertainty and Deception) – Users are misled into thinking they are investing in NFTs, but in reality, they are part of a referral-based scam.
3. Maysir (Gambling) – The system operates like a gamble where you invest money, hoping that new users will join to pay you back, which is similar to betting.
4. Exploitation – Such schemes take advantage of people, often convincing them to bring family and friends into a fraudulent cycle.
In short, Treasure NFT is both a scam and haram because it runs on a deceptive referral system without any genuine business activity. If you're looking for halal ways to earn online, consider real NFT projects, freelancing, or ethical investments.