Tera-ng.com is a website that claims to be enriching users who take the risk of purchasing or activating one of their various products. The platform was recently launched and due to the earning structure, it’s attracted a good number of users with people promoting the website on a daily basis on social media. However, the truth is, there’s quite a lot to know about it — probably enough to even scare a potential user.
In this article, we will be reviewing tera-ng; away from the claims made by whoever owns or manages the platform and claims by users on social media desperately in search of referrals, there are additional things to know about the platform. This review aims at revealing the facts without any form of bias or prejudice in order for you to be provided with adequate information to enable you make informed decisions.
About Tera-ng
Tera-ng is an earning platform that is designed to reward users with extra money when they “invest” their own money. The term, invest is used loosely to mean, funding your wallet and using the money deposited to purchase or activate one of the earning products being displayed on the site.
As is common amongst other similar platforms, they claim users who activate one of their products would be able to earn a fixed amount of money in returns daily for 30 days. The income is dependent on the amount you spend on funding your wallet but the bottom line is, you get what they refer to as “interest” on a daily basis when you fund your account and buy one of these products.
The product prices vary from low to high but at the moment, you can only buy the 3,000 naira plan at the lowest level and 250,000 naira plan at most. There are other plans but for some reasons, they are not active at the moment. Be that as it may, no matter the plan you buy, you get the ROI according to such amount.
Earning Methods
There are two main ways of earning on Tera-ng and they are as follows;
1. Activating a Product – this is like the conventional earning method and you have to fund your account in order to access the products. Like I said, the products vary, you can get some products worth 3,000 naira up to 250,000 naira. But the vast majority of users often go for the lower plans because, it means less risk or stake in the platform, therefore less chances of incurring severe financial losses in case things go south.
You can easily activate a product after you’ve funded your wallet by clicking on the Product tab, then scroll through to find the one that suits your plan or amount used to fund the wallet. Then activate it and start earning some extra rewards or interest on a daily basis i.e. after every 24 hours.
2. Referrals – when you refer others, you earn some money as well on the platform. Most earning platforms have a referral program because, that’s the main way of boosting a Platform’s growth. People tend to promote something if there’s a reward attached to it than when there is no reward.
On tera-ng, when you refer someone you get 20% of the amount they spend on purchasing a plan and when the person you referred, bring others in, you get 2% of the second level spending. The referral program extends to the second level, but the most rewarding is the direct referrals otherwise known as the first level referrals.
Therefore, referring is a great way of boosting your income on tera-ng.com but it comes with a huge risk. What’s the risk? Anyone you convince to register and “invest” money as they call it, will be directly under you and as such, when/if there is any problem or losses along the line, the person will hold you responsible. So referring doesn’t just end at bringing in people to gain some incentive, you are also liable for any losses incurred by a referral who hasn’t recovered his or her capital yet.
That’s what I often desist from referring people to online earning platforms that involve spending money or depositing. It’s very risky and is capable of denting the friendship you have with the person or relationship. So I would say the reward isn’t usually enough for the risk you take by inviting others but IT IS WHAT IT IS.
Is Tera-ng Legit or Scam?
Tera-ng is a ponzi scheme. The income being generated is not gotten from any external place or company. It’s simply the monies deposited by new users and people who are yet to place withdrawal. What they do is rotate the funds from the people depositing to those withdrawing.
If at any point, the monies coming in is no longer enough to pay those withdrawing, the platform ceases to exist. It’s as simple as that. There is no external money being generated and the owners are not investors pumping money for you to earn extra for free. Money is just being rotated between users with new users being at constant disadvantage.
Therefore to answer the question, tera-ng.com is not legit! It’s a scam and even if it may not seem so currently, as time goes on, people will get to know the platform for what it is because there will surely be losses incurred by users who deposit blindly or people who joined late.
So disregard whatever they tell you about the platform being genuine and long-term, the truth remains that, it’s not a safe platform and sooner rather than later, all participants will realize what they’ve just got themselves into and when they do this, it may be too late.
Ways of Mitigating the Risks
As someone with profound experience when it comes to online earning platform, there are a few ways to mitigate or lower your risks and they are;
1. Lower your deposit – if you must participate, endeavour to activate only the cheapest plan. New users are given 1,000 naira instantly and when you buy the 3,000 naira plan, you get 750 naira bonus per day. So in two days, you should be able to make your first 2,500 withdrawal— leaving you with only 500 naira in the platform. That way, you’ve not only lowered your risk but increased the chances of earning more.
Going for higher plans out of greed is a monumental mistake, no one reading this article should make. Stick to the cheap plan, so if things go south, you won’t have much to cry about.
2. Refer if you can. The referral incentive can be a great way to regain your investment. If you have a large social media following, you can promote it, get people who understand what they are getting into to sign up and you secure alot of bonuses, even as much as to cover your initial capital. That way, you’d have nothing to cry over when the site crashes cause it’s not a question of if it’s when?
3. Always withdraw immediately you reach the withdrawal threshold. On tera-ng, the withdrawal threshold is 2,500 naira, so immediately you hit this amount whether via referrals or via your normal daily bonus, make sure you get withdraw. The reason is, most ponzi schemes often change rules as they get weaker and if you’re not careful, the minimum withdrawal amount might be increased to 5,000 naira or more making it much more difficult for users to withdraw.
Therefore, it’s always advisable to withdraw your money once you are able to hit the threshold. That way, you also lower your risk. Bear in mind that earning platforms are not banks.
Pros 
Overall, here is a list of positive things about Tera-ng you might want to know;
- Registration Bonus
- Active telegram group where you hear directly from the so-called administrators.
- Rewarding referral program
- Paying at the time of writing this article.
Cons
On the other hand, there are a couple of negative things about the platform you should also bear in mind;
- High deposit amount and withdrawal threshold
- Slow loading website.
- Designed in a hit-and-run manner
- A ponzi scheme that is capable of crashing at any time.
Conclusion
That’s a wrap for Tera-ng review! If you enjoyed the review or at least have learnt something new, then it’s in your best interest to join our telegram and WhatsApp channel for more updates and reviews on money making platforms.
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