Nevertheless, Omotade-Sparks, who also identifies himself as “Universal Daddy Inks (UDI)”, still assures followers that the warning by the SEC is just “a disclaimer.” He says its “the same way they said about bitcoin that whoever trades with bitcoin does so at his own risk. It shall surely end in praise.” Omotade-Sparks even sarcastically thanks SIBAN for “finally doing something that’s meaningful for once.”
So just how do the masterminds of Inksnation continue to sell the scam as well as maintaining the followership interested despite the negative public warnings?
Similar to other large scale scams, Inksnation relies on promising unrealistic returns on any investment whether small or big. Scammers are well aware of the powerful lure of earning a lifetime passive “salary.”
As explained on the Inksnation website, investors become eligible to receive a lifetime salary starting at $342 per month after subscribing for the bronze “living node.” The bronze living node package, which requires a deposit of $3 (1000 Naira), which is cheapest while the “diamond living node” requires an investment of $3,000 for one to be guaranteed a lifetime salary of $857..