ScamYour site was created just less than 7 months ago. You come to this forum to scam with your scam instant exchange. You have no history of advertising and something like that which legit businesses will prefer to go for. Scammers will not prefer to go for advertisement but prefer to use words that will encourage people to easily become their victim. Just like what I saw on your site:
Zero Fees
On LocalDT ZERO means ZERO. No transaction fees, no deposit fees, or no Commission. Exchange USDT into your local currency at ZERO FEES. Get 100% of exchange value in your account, without any hidden charges of deduction.
Referral Bonus
Earn referral bonus for up to 3 Level. When users who have signed up using your referral code trades on LocalDT, you get rewards in USDT and can withdraw it without and any additional conditions to meet. It’s that simple!
If you do not charge any fee, how are you making money from the exchange and also how are you able to pay the referral bonuses? Referral bonus is commonly used by scammers in this way to let more people fall victim of a scam like this.
The user Oshosondy has some casino ad running on his signature and the ad is seen everywhere he posts. they are paid for such ads. the more they post, more visibility and more ad revenue. so the real purpose here is his ad visibility and compulsion of posting to keep the high activity count. Yet, here's my reply We buy USDT from users, but we don’t sell to retail users. we fulfill OTC orders which are usually in large quantities like 100,000 or more and KYC and AML has been done with the users and payment is received through the license and verified payment providers only.
The difference between buying rate and selling rate is the profit of the platform. This is not something unique or out of the world. There are many offramp platforms in India and across the world.
They all work in a similar fashion only.
All across the developing economies in Asia and Africa, there is a huge premium over the USDT price because USDT works as a gateway to entry into crypto world. Users buy USDT to invest in bitcoin Ethereum or other cryptocurrencies of their choice. when they wants to exit their investment, they sell back USDT for local fiat currency. This happens because majority of the exchange with good liquidity doesn’t offer option to invest Fiat directly into crypto.
This is where P2P traders play the role of liquidity provider who are buying and selling while keeping their commission .
The problem: In P2P, lots of scam money is washed into crypto and that money end up in the account of genuine users who then end up having their account being frozen because of funds coming from bad source coming into their account while exchanging their USDT.
Here comes the role of off ramp platform, where users can exchange their USDT without being involved in P2P. Hence there is no risk of getting funds from illicit sources.
However, it looks like that you are just replying on every new post just to get more points on your profile and you have little knowledge of how P2P, off-ramp works, Especially in India.
Advertising: we did marketing campaigns and advertising on all major social media when we launched the platform and that’s how we acquired initial users and now we are getting users through reference and word of mouth only. P2P community is closely knit group, And majority of users are always on lookout for trusted and safe source to exchange the USDT.
Referral: referral bonus is offered by every single crypto exchange small and large. Binance, KuCoin, ByBit,and countless more. Since you have a little understanding of real business, I don’t need to explain everything but referral bonus is a low-cost way of marketing instead of buying costly keywords on Google and Facebook, where conversion ratio is very low. it’s a win-win for users and platform. Users get some reward for referring to their network and platform gets new users. This is the most widely used marketing practice, and used by businesses across the industry, not only crypto. E-commerce, VPN, credit card, gaming, The list of industries is massive that deploy referral as a part of their marketing campaign.
Since you did the research of age of our domain, I challenge you to find single complaint on any social media platforms.
If a platform is scamming people for seven months, there must be a lot of complaints on social media that we cannot remove. I challenge you to find a single one .
although our sole purpose is to promote your signature and increase your post count,
we will be here to answer every questions now, a month later, and a year later. However, the question is will you come back to this post a year later to apologise if you don’t find anything wrong with the platform and if the platform is still open and running?
Will you also post an apology if you don’t find any complaints about our platform?
