TodayAdz scam or not?

Todayadz scam or not?

TodayAdz.com  is a PTC website officially launched March this year. This website promised to pay10 Php per click and and guarantees 20 advertisement per day giving you a net income of 200 Php. And you can easily do this in 20 minutes. Information about their company background is not readily available. I visited their official website (http://www.todayadz.com/) and as of this time their FAQ page and Contact us page is not working.

I cannot help but compare this to a Adszense. An earlier PTC site very similar to TodayAdz that has a very bad reputation of scamming people.

Legalities

I mange to grab a picture of some of their legal documents which I think is questionable.

 Im sorry that it is blurry but its the best I got for you. I encircled the part of it that I want you to notice. This is suppose to be the SEC registration of todayadz. What is written inside the red circle I made should be the name of the company registered and this is it:

"WELL BEING INTERNATIONAL NETWORK CORPORATION "

Is this a Joke??? Where is the name of TODAYADZ in that document??? Are they posting some other company's  registration tricking us to believe that Todayadz is SEC registered???

 This picture above is their DTI document. I marked some parts of it with red circles for you to take note of those writings. See circle number 1, it indicates the dates Todayadz is valid to engage in business, If you look closely it states 3 September 2012 to 3 September 2017.
But wait, I thought their official launching was last March 2012??  Does this mean it was not really an official launch?? Does this mean all business that took place after their March launching and before 3 September 2012 is invalid and illegal?? Is the March 2012 launching a fraud??


Now I want to turn your attention to circle number 2. (read it clear below)

 "This certificate is not a license to engage in any kind of business and valid only at the place indicated herein"

And where is this place indicated herein?? There is only one address we can see in that document and that is.
RIZAL ST., SALINGOGON, MINALABAC, CAMARINES SUR REGION 5 (BICOL REGION)

 If this is the case then I believe that todayasz should only be operating in that place. But that is not what happens. In the nature of their business they are operating all over the country and even worldwide. Does this mean they are operating illegally?? Is that office address even seen in the map?? I do not know where it is, but it looks like its not even a city in Camarines Sur.

I am not a lawyer but do you think you need one to understand it?? For me, its just a case of understanding simple English and being logical.

Compensation plan

Todayadz's compensation plan is the most lucrative Ive seen. But I do have some very serious doubts about it. After you registered by paying 880 Php you mainly earn through clicking 20 ads daily worth 10 Php each. Sounds very good to be earning 200 Php a day in 20 min until you discover what I think they fail to mention or intentionally avoid mentioning to you. You can only do a total of 60 clicks from the time you register, earning you only 600 Php (not even a ROI) and in order to withdraw your earnings and click another 60 links you need to first recruit and fill your first level downlines which is no less than 5 people. This I think is a perfect example of a deceptive trick to lure people in and pay the registration fee, until its too late for people to discover its not what it seems.  

Another big WOW on their compensation plan is what they call the signing bonus. Have a look at the picture below.

I do not know how you react to this, you may say "WOW, I have to decide what to do with a 200 million" but for me its the opposite this is like shouting "Todayadz will not last long so stay away!!!". There is just no safety net in here and this can be highly unstable.

To summarize everything. I find that Todayadz is a pyramiding scheme.
A true PTC/advertising company works this way. Advertisers pay an advertising company/PTC to advertise their business then the PTC website pays us to participate in getting exposure of the advertisers. They to pay a fee to be a premium member to prioritize us to participate in a premium advertisement that pays more and also in case that there is limited amount of advertisement available. But still the money comes from the Advertising companies clients/sponsors.

What about Todayadz? how do they work?
They claim to be an Advertising PTC website but by the way they work I do not believe so.
This is how they work. Unlike other PTC site you can earn and participate without any money. In todayadz you have to pay 880 Php. Although they pay you 10 Php per click it is only limited to 60 links. It does not even cover the amount of your registration fee and worse, you are required to recruit 5 people below you first before you can withdraw your earnings and and continue clicking another 60 links.

With this system of Todayadz where do you think the cash flow is? Is it from the Advertisers or from recruiting people? To me its like paying yourself to be advertised to and in order to really earn I have to deceive a lot of idiots doing the same.  And yet they call themselves an Advertising PTC company. They claim to LOVE ADVERTISING but clearly its not what they are doing.

Have a look at this picture I always see at the end of their presentation:

 
For me this shows how a very blasphemous hypocrites they are. I do not believe they do not know what they are doing is wrong. Its horrible for me to see this. The use the Bible or the word of God to make money immorally.

New Update (Nov 20, 2012)

They always point out their ratings in scamadviser.com as a proof that they can be trusted, now, here is their new rating..

Is this a status that we can trust?

Update 12/15/2012

Their registration now have gone up to 1,000 Php from 880 Php due to the addition of some products

Unfortunately, the system is still a pyramiding scheme in my opinion. I aim to explain it as simple as possible why and I think an illustration can do it best.

Here is a diagram of how it supposed to work

todayadz advertisers

This is how Todayadz work

 

Disclaimer

This is clearly not and accusation. The article above is purely my thoughts and opinions as a result of my own research, critical thinking and common sense. I am not a professional in any field so this writing may not be treated as such.

If you wish to add a point, suggest an edit, agree or disagree with me. Your valuable comments are very welcome below.

Is TodayAdz scam or not?