Ffaa01.cc is an investment based platform that claims to be rewarding users with daily interest based on the amount spent on the platform in form of product activation. The site has been around for a while and it’s main selling point is the fact that, all new users are given 2,000 naira registration bonus with an option to withdraw the bonus upon activating a product. However, there are more than enough reasons to stay away from the site if you have not yet taken the unfortunate decision to buy a product.

In this article, we will be having a look at what ffaa01.cc is all about, the earning methods and the reasons why you should probably stay away from the platform and not decide to take the risk of buying a product with your hard earned money. Without wasting time, let’s get into why we are here ASAP.

About Faraday Future (FF)

Faraday Future Aka Ffaa01.cc is a website that claims to be a car market that specializes in the production and sale of electric powered vehicles. But in the actual sense, it’s an investment based platform that pays users extra money when they deposit and buy one of the products available on the site.

The website actually has nothing to do with car production or sales, it’s basically an earning platform that requires all users to deposit their own monies in order to earn more on a daily basis. Upon sign up as a user, you receive 2,000 naira welcome bonus that can be withdrawn once you have deposited and activated one of the products.

Therefore, to earn more money on this platform, you have to risk your own money by way of activating a product or you build a large team. In a short while, you will find out more about the earning methods and what to expect should you decide to register and deposit money.

Earning Methods

There are actually three ways to earn on ffaa01.cc and they are as follows;

1. Buying A Product

There are a few products to buy or activate on the platform and each of them comes with a certain amount of money you stand to earn on a daily basis upon purchase of each of them. The minimum product costs 4,000 naira with daily yield of about 200 naira and a maximum yield of 16,000 naira after 30 days.

You will also find other products on the site, the higher the amount spent on purchasing a product, the higher reward you receive.

To buy a product after you have recharged your wallet on the site, simply click on Product to check the various plans available, select anyone that matches the amount you have in your balance and proceed to buy it. Immediately after buying the plan, you can proceed to make withdrawal of the registration bonus.

2. Referral Program

Ffaa01 has a referral program. As a referrer you earn 25% of whatever your direct referrals spend on the platform and also, 10% of whatever they earn daily. So the referral program doesn’t just end when your referrals activate a plan, you also earn 10% of whatever they earn daily till the expiration of the plan purchased by your referrals.

Meaning, if you are able to refer a lot of users and they end up depositing, you earn a lot of withdrawable bonuses. Most people you see posting about the platform on social media are working hard to earn from the referral incentive and not because they just want to tell you an easy way out of hardship.

To get your referral link, simply click on Team, you will be shown a breakdown of all the bonuses you stand to earn by building a team as well as your unique link to copy and promote to others. Anyone who signs up using your link and activates a product will automatically unlock the reward for you.

3. Daily Login Bonus

Daily login fetches you extra 30 naira reward. All you need to do in order to qualify for this reward is just to click on the check-in option, and proceed to indicate you logged in for the day and 30 naira will be added to your overall balance and adds up to your overall withdrawable balance.

The interesting aspect is, all users can claim the daily login bonus, it’s not limited to users who have bought a product.

Withdrawal Process

The minimum withdrawal is 2,000 naira and there’s a 15% service charge on every request. Upon sign up, you will be given 2,000 naira registration bonus that can only be withdrawn after you’ve bought a product.

To withdraw, click on Mine and tap on Withdrawal, link your bank account details and then enter the amount you want to withdraw and submit.

According to the information on the page, you can withdraw at anytime but the payment requests will be credited to the receiving bank account within 24 hours.

Is ffaa01.cc Legit Or Scam?

Ffaa01.cc is a SCAM. It’s a ponzi scheme designed in a very dangerous way; less favourable to users and more advantageous to the administrators of the platform.

Besides the fact that it’s an investment scam, it’s designed in a very tricky way that makes it almost impossible for users to reach the withdrawal threshold after the first withdrawal. If you buy the first plan, 4,000 naira, you earn 200 naira per day meaning it will take 10 days for you to reach the threshold — long enough for the platform to crash.

If you go for the 10,000 naira plan, you earn 700 naira per day and if you do the calculation well, it will take a very long time for you to cover your initial capital.

They intentionally designed it in such a way that you get the first 2,000 naira registration bonus but the chances of receiving the remainder of your money is very slim. Reason being that, sites like ffaa01.cc tends to crash after a short while, thus it’s very dangerous for one to leave his or her money in the system for long.

While it’s not designed in a Hit-and-run manner per say, the current earnings structure is as bad as it gets and from my observation, it makes regaining one’s capital (initial amount deposited) literally impossible before the site crashes.

Therefore, it’s entirely unsafe to participate with money you can’t afford to lose as in the long run, the chances of losing a part of your money even if you go for the minimum product is very high. You can only actually withdraw the first 2,000 naira registration bonus (which they still reduce in the name of service charge)

Also Read: ibisppp.cc Review: Legit Or A Ponzi Scam? 

The long and short of the entire story is, ffaa01 is not legit and worse still, it’s designed in such a way that you have a much higher chances of losing money than actually gaining. So if it’s possible for you not to participate, that would be great and best for your finances unless of course, you don’t mind losing the deposit.

Pros

There is actually nothing positive about the platform. Under normal circumstances, I might have included the 2,000 naira registration bonus as a win for users but after analyzing the system, I think it’s more of a detriment than a positive development.

Cons

So many reasons to steer clear of the site entirely, here are some of the most significant;

• High withdrawal threshold pegged at 2,000 naira with a higher service charge.
• Poor income rate, judging from the amount of money users stand to earn after making deposits, it’s clear the risk isn’t worth it. If you should proceed at this current earning rate, it’d take a miracle for you to even recover the amount spent.
• Most rewarding for referrers than the typical “investors”. The whole system is designed to reward people who bring more users to them.
• Manual withdrawal with an estimated processing time of 24 hours.

Conclusion

Ffaa01.cc is not a platform to consider when looking for ways to earn some money on the Internet as the site is not just a Ponzi Scam but a tricky website designed in a very dangerous way. Designed basically to defraud all the so called investors if you do the calculations well.

So be informed and be safe. Share to inform others as well and do well to join our telegram channel and WhatsApp for more integration reviews and updates.