Within the final interval, there was increasingly speak about bots on Telegram faucet to earn, akin to Hamster Kombat, which reached over 150 million lively customers in a couple of weeks, TapSwap, which surpassed 46 million customers, and YesCoin, which reached 20 million customers in a single month. These tasks are all based mostly on TON, Telegram’s blockchain. This time we’re going to speak about TimeFarm, one other tap-to-earn created in early June, similar to these already talked about, however with a couple of variations, which can also be gathering hundreds of thousands of customers.
What’s TimeFarm?
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Like the opposite bots, Time Farm is a Telegram mini-app, so there is no such thing as a must obtain any new software program, however it needs to be famous that, on the time of writing this text, it isn’t based mostly on Telegram’s blockchain like Hamster Kombat and the others. On this app, there are two foremost methods to ‘mine’ $SECOND tokens by tapping the display. Nevertheless, it isn’t essential to maintain the app open and faucet endlessly. In reality, you solely must open the app to obtain $SECOND 14,400 each 4 hours, for a most complete of $SECOND 86,400 per day. The opposite strategy to earn further $SECOND is to finish duties indicated within the app, akin to subscribing to indicated Telegram channels or following Twitter/X pages.
The unconvincing issues about TimeFarm
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We come to the very first thing that turns the nostril up at. Like the opposite tap-to-earn bots, right here too you’ll be able to earn further $SECOND by inviting buddies along with your hyperlink and obtain a portion of the factors they earn. The referral programme makes use of a multi-level system, so you’ll not solely obtain factors on your direct referrals, but in addition for customers who invite on the platform, and so forth, as much as the fifth referral stage. This methodology is normally utilized in many scams utilizing the Ponzi scheme, which now we have talked about a number of instances right here on Decripto. On TimeFarm, for each direct referral you earn 20% of that consumer’s factors. Second-level referrals then again will earn 10%, then 5%, 2.5% and 1.25% of your fifth-level referrals.
Moreover, there is no such thing as a road-map of the undertaking or perhaps a whitepaper accessible. Nonetheless, their official Telegram channel has over 4 million subscribers and their Twitter/X account is adopted by over 1 million folks.
Who’s behind TimeFarm
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TimeFarm was created by Chrono.tech fintech specialising in HR options for corporations. i.e. an organization that mixes monetary know-how (fintech) with HR companies and instruments. Chrono.tech has been available on the market for over 7 years and in accordance with their web site, the three foremost members of the staff are Sergei Sergienko, Andrey Petrushko and Saypulla Sheykhanov. Of those three, solely Sergei Sergienko has lively social accounts on Twitter/X, the place he personally pushes his followers to affix TimeFarm.
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In keeping with his Telegram channel, Sergei Sergienko has had a troubled life: he lived in Russia till he was 14 years outdated, then his household moved to Sydney, Australia. After residing in a four-room flat in Russia, he and his mother and father ended up in a slum for poor immigrants, barely capable of afford meals. After highschool, Sergei studied to grow to be an actuary, just because he had googled the best-paying jobs: attorneys got here first, actuaries second. An actuary is knowledgeable who applies mathematical and statistical fashions to evaluate and handle monetary dangers. Actuaries are specialists in predicting and evaluating the financial penalties of unsure occasions and use their expertise to assist corporations make knowledgeable selections. He has by no means labored in his occupation, however feels that the data he gained has helped him in enterprise. After college, he began promoting Australian actual property in Moscow. It was an uncommon exercise however it supplied him with a secure earnings.
Simply earlier than the worldwide financial disaster of 2008, nevertheless, his enterprise went bankrupt, and $1.9 million in commissions vanished, abandoning disappointment and the ache of unrealised hopes. After this failure, Sergei tried to open an actual faculty. Nevertheless, this concept become launching coaching programs in rented faculty lecture rooms. His programs had been distinguished by a reserving system, reductions for advance cost and the potential for paying for coaching in any forex. Progressively, they grew to become a frontrunner on this subject in Sydney and different Australian cities. In addition they launched a web based studying app and, on this wave, arrange a cell app growth firm.
The Chrono.tech token
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Along with Chrono.tech, Sergei additionally launched TimeX, an alternate authorised to function in Australia, which, nevertheless, doesn’t appear very lively on its official Twitter/X profile. As well as, their associated token, $TIME, appears to have collapsed fairly a bit from its heyday, In 2022, $TIME reached an all-time excessive of $400. On the time of writing this text, the token is price about $20. The worth of the token has subsequently dropped by 95% from its all-time excessive. This lack of solidity of their token, mixed with the multi-level referral system and the shortage of a road-map and whitepaper, doesn’t make us belief this undertaking 100%.