A strange thing happened on the App Store this week. A new free iPhone app called Zynn strangely topped in the App Store charts. Basically, this is a TikTok clone app that has gained huge popularity within a few days. So, the question is how did it just beat out the massively popular TikTok in the App Store charts? Well, the answer is a pyramid scheme that pays people to use it and refer to friends.
As reported by Mashable, Zynn doesn’t seem like just a short-term scam developed just like TikTok but a very well-funded TikTok clone which is launched to cut some audience from TikTok. Even the question remains same, how it managed to hit the top even when TikTok has recently crossed 2 billion downloads globally?
Basically, Zynn created a pyramid scheme that pays its users to download, use, and refer to the app. Once you download the app and sign up, you will receive a welcome bonus of $1 into your account. Refer a friend to Zynn and you’ll get $20 bucks. In addition to that for every five friends you refer to, you get an extra $10. Also, you will get some points using the app which you can accumulate and convert into money. That’s the reason why people are jumping towards this app making it rank at the top in the App Store Charts.
However, some users are reporting that withdrawing your collected money isn’t that easy as it looks. Turner Novak, a general partner at Gelt Venture Capital, pointed out on Twitter, Zynn seems to be a pyramid referral scheme. Even the options presented when you’re ready to withdraw your “Zynn earnings” appear to purposefully make it difficult to take your money and walk away.
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