What: Golden Trust Donar Where: https://goldentrustdona.com/
How much: GHC100 – GHC2500 ($21- $526)
Who’s behind: Nana Kudo, Feng Technology
Company registration: Ghana
Refund: No Free to try? No
What is Golden Trust Donar?
This Golden Trust Donar review is a request from one of my readers and if you also want me to review any online business you are welcome to send me a request by commenting on this post or send me a mail.
According to their website, Golden Trust Donar is a platform that’s:
“made up of God fearing and Competent who help each other financially and get a profit reward for doing such.”
I don’t know what religion has to do with this but if you take a closer look at this business you can see that it looks more like an MLM business with crowdfunding elements. Also called a gift scheme.
If you look up the domain you can see that it was registered through Web4Africa Inc. (a domain registration company based in West Africa) and created 2017-10-04. The domain has been paid to 2019-10-04, so it’s been paid about a year ahead. That may be an indication that the owner doesn’t count on the business to last for a long time but we need to learn more to draw any conclusion.
The website is registered by a guy named “Nana Kudom” for the company “Feng Technology” but no relevant information about that company can be found online. Neither what the address or the anonymous e-mail is showing:
State: Brong Ahafo
Postal Code: 0352
If we look at the website of GTD and click on “Contact Us” we will get a number that doesn’t seem to go to that business, a What’s Up number and an email address that isn’t an email address (see below) and if they just forgot the @ it simply shows that it is a private Gmail account (no domain based).
It always important to look up the owners and leaders in a business before you join or/and pay any money but no person at all are mentioned on the website so the only name you will find for GTD is the one who registered the website. We can’t be sure that the man who registered the domain has anything at all to do with the website so that’s a dead end.
Another worrying thing is that if you scroll down to the bottom of the home page you will find this text under “Warning”:
Why should you provide your bank or money account name to an anonymous online business that you don’t know anything about?
Another thing to look up is the “Alexa rank” that gives you a rough idea of how popular the site is and how it trends. This website does not have enough traffic data to see the trend but you can see the global rank and that’s very low. The ideal situation is a high or very high rank that’s stable and that’s showing that the site has been active for a long or very long time.
It’s important what you think and I really want to help people, like you, and that’s why your very welcome to comment below this review if you have anything to say about Gold Trust Donar, both good and bad. I will not delete any comment (except spam, hate message etc.) so you can see that this is an honest review. I will respond to comments as fast as I can.
What do you have to pay?
GTD call the deposit you make a “package” (usually used in so-called revenue share programs) and there is two type of packages:
First package – cost between GHC100 – GHC900 ($21- $189)
Second package – cost between GHC1000 to GHC2500 ($210-$526)
This is without mentioning transaction and exchange fees, taxes etc.
There is no information about any payment options on the website so we can’t say anything about that.
What do you get for the money you put in?
When you read on the website (especially on the page “Philosophy”) you get the feeling that this is a charity organization and that the money you deposit is going to some sort of charity…
In this business, it simply means that your money goes to another member who is assigned to you by the system. When that member has confirmed your donations the system will assign you another member(s). That other member will pay you 2 times the amount that you deposit. That is said to happen within 7 days for the “First Package” level and within 10 days for the “Second Package” level.
You will also get a placement in the company’s downline so you can promote it to others.
…and access to a back office where you can see your status.
There is no way to confirm that the money is used for any charity, a donation to people in need or even to other members and there is no real service or product so you can’t really say that you get something with a real value here.
How can you make money?
The compensation is (as usual) based on how much you invest and how good you are at recruiting.
The main way to earn money is supposed to be from other assigned members that will pay you double the amount of what you deposit in 7 or 10 days depending on “package” you deposit for.
The second way to earn money is by referring others to join under you (Sponsorship) and get a percent off their investment (Referral bonus). According to the website, it’s 5%.
The third way to earn money is from something called a binary system. It’s a system where you need to recruit at least one active member on each side of your “binary tree” to be qualified for a bonus. The bonus is 1-4% and GTD calls this a “multi-level bonus”.
As long as there’s nothing that proves that GTD has any real products and services this business builds on people joining and the way to earn is to recruit others!
If you manage to recruit you should also consider the bad-will for you if this business fails or turn out to be a fraud.
There is never any guarantees that you earn anything and in this case is also very risky if you consider the lack of real information about this business.
Well if the money spends on charity really goes to charity and to people that really need them it’s a good thing.
IF your good at recruiting others to this business AND the business is real and paying, you can earn money, especially if you’re in early.
…and what’s bad?
There is no information about who’s behind this business and the only name that came up is the one that registered the website. There is, however, nothing that shows that he is connected to this business in any way.
You have to leave your bank or mobile money account name to an online business that you don’t know anything about.
There’s a lot of talks about charity but it’s only about money transfers between members,
As long as no evidence is provided that there, in fact, is a real charity involved there’s really nothing of real value for the member to promote except the membership itself. If that’s the only thing to promote it will only work as long as new members join and invest money in the business so the owner can pay out to all the existing members.
This business is using words like “people in need”, “donations” and even play on religious words to make you feel like you are giving money for a good cause. Instead, you are paying for a system that just transfers money between members, and even that can’t be verified in any way.
The fact that you have to leave your bank or mobile money account name feels scary especially when there is no information about who’s behind this business and no persons seem associated with it.
To have the chance to earn in this program you must be good at recruit and get others to pay a minimum of $21 but even then you can’t be sure in any way that you can cash out your money. So it cost and you can’t be sure to get anything in return.
All this makes me comfortable to say that Gold Trust Donar is a dishonest online business. Be very careful if you think about joining this program or a similar one!
Remember that if you join this business that it will not only cost you a lot of money but also a lot of time, like promote and recruit, logging in and out in your back office, read the news, contact support, read in Facebook groups etc. Even more important to think about is that if you think (like me) that this isn’t a very ethical online business you should not support it. You will lose a lot in goodwill and you can destroy your personal brand because there is a good chance that the money goes to owners and leaders that want to deceive the members. I myself will NOT support that!
If you would like to leave your personal review or experience of Gold Trust Donar or have any questions, please do leave them below. I would love to hear your feedback!