My V3 Ads has garnered significant attention in Coimbatore and beyond due to its controversial business model.
This review aims to provide an overview of the platform, its claims, and the serious concerns surrounding it.
What is My V3 Ads?
My V3 Ads is a mobile app launched in 2022 by My V3 Ads Media Private Limited. The app claims to offer money-making opportunities through watching advertisements, completing tasks, and investing in various plans. Users are promised daily payouts and referral income for bringing in new users.
According to SimiliarWeb, it has 109.6K traffic on its website as of June 2024.
My V3 Ads is available as a mobile app on the Google Play Store and has over 5 million downloads.
The platform offers several investment plans and referral income:
| Plan | Investment | Daily Payout | Duration |
| Base Plan | ₹1650 | ₹60 | 50 days |
| Bronze Plan | ₹5000 | ₹150 | 100 days |
| Silver Plan | ₹10000 | ₹300 | 150 days |
| Gold Plan | ₹20000 | ₹600 | 200 days |
Referral Income
| Level | Commission per Signup |
| First Level | 8% |
| Second Level | 3% |
| Third Level | 2% |
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Website Profile
| Website | Myv3ads.com |
| Name | My V3 Ads |
| Service | MLM, Referral Income |
| Downloads | 5M |
| Contact | [email protected] |
| Registered | June 12, 2021 |
| Address | – |
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My V3 Ads Review
Despite its popularity, My V3 Ads has faced significant scrutiny. The CCB has registered a case against the firm, citing violations under the Prize Chits and Money Circulation Schemes Act and the Banning of Unregulated Deposit Schemes Act. Even THE HINDU has also reported on this issue.
The firm’s operations involve promoting its own line of herbal products and compensating users for watching ads. However, these practices raise serious concerns about the platform’s legitimacy and sustainability.
Here are the red flags about this platform:
- Legal Issues: The CCB has registered a case against My V3 Ads for alleged irregularities.
- Questionable Products: The ayurvedic capsules promoted by the firm are not validated by the Health Department.
- Misleading Promotions: The platform relies heavily on referral income, resembling a pyramid scheme.
- User Complaints: There are numerous reports of issues with withdrawals and lack of transparency.
- Government Action: The managing director has been arrested, and the app has been blocked.
My V3 Ads presents itself as a lucrative opportunity, but the numerous red flags and legal issues make it highly questionable.
Users should exercise extreme caution before engaging with the platform. It is crucial to verify the legitimacy of such apps to avoid falling victim to scams. Always prioritize transparency and regulatory approval when considering investment opportunities.
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