I have been asked to write a GramFree review recently, as I invest in some cryptocurrencies and this site is about a currency Gram. I had never heard of the currency before. According to CryptoCompare.com, there are over 5,000+ cryptocurrencies as of 2020 but the top 10 currencies have always made up 90% of the market share, this is no surprise. I've also found other sites that say 7,500 cryptocurrencies exist. It means we don't know the exact number but we definitely know that only very few of the currencies are worth investing (long term) or trading (short term) right now. I had a look at GramFree, checked the profile, and within a few minutes, I knew it wasn't right. If you still believe some people who say you can make money from it, I suggest that you read my GramFree review, and think again.
gramfree.world, gramfree.one, gramfree.net, gramfree.co, etc.
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What is GramFree?
GramFree is a reward program, or GPT (get-paid-to) site, that claims to pay you in a cryptocurrency, "GRAM coins" for carrying out some easy tasks. It claims to allow you to exchange for cash when you've earned 500 GRAMs.
GramFree is free to join, but you can only sign up using either your Facebook profile or Google profile. I'll talk about what's wrong with GramFree in a little while, but let's be clear about how reward programs work.
What Do Reward Programs Do?
Usually, reward programs/GPT sites offer a variety of tasks, typically taking surveys, shopping online, playing games, and watching video ads.
GPT sites run these services on behalf of other companies and receive a small commission, every time a user carries out a task. A commission from the research company when a user has completed a survey, a commission from the advertising agency when a user has watched a video, and so on. And they share a fraction of the commission income with the user as a reward. The value of a reward each user receives varies, but usually very low; it can be less than a cent, it can be up to 20-50 cents per task.
The revenue that GPT sites generate per unit is very low, which means they need as many users to join in and carry out as many tasks. To they usually offer a referral program and give users credits for getting their friends and followers to sign up.
Now I look at the problems/warning signs that I can spot with regard to the services offered by GramFree.
No Revenue Source Is Found
The first thing I noticed is that GramFree does not offer incentives to help improve any businesses. For example, if a reward program has online surveys, the more people participate in, the more accurate results the survey companies will get. However all GramFree offers a reward for is uploading a video on YouTube or watching the videos uploaded by other members. The video you upload must be about complimenting GramFree itself. Others are free GRAM giveaways to random members. It means there is no healthy economic flow in this site.
The only revenue source that I can find is Google AdSense ads placed on almost every page, which will be paid to the owner in their local currency.
Gram Is No Longer Available
This is the definite reason that no one should be involved with GramFree. Gram is - was - a cryptocurrency based on the TON blockchain (Telegram Open Network) platform developed by Pavel Durov, the founder of the popular Russian social network VKontakte in 2017. The project raised $1.7 billion from investors in 2018. But the founder decided to drop it in May 2020 after the US Securities and Exchange Commission (SEC) ruled that it could not be distributed both in the US and globally. The GRAM cryptocurrency never took off.
- What is the GRAM coin & how can you buy it?
- Telegram Drops TON Cryptocurrency Project After US Prohibits Global Distribution
It means that the whole concept of GramFree ("paying in Gram, allowing you to exchange it in cash") makes no sense and is all totally misrepresented.
This fact alone should prove that you should not use GramFree, but I have also managed to spot a few more signs that indicated this site was not real.
Gram Should No Longer Have Value
Gram has never been available to the public, and it's now officially been dropped, which means it has no value. When you check with some live price sites, they all say Gram has virtually no value (or 1/50,000 or a dollar). HowI would ever, GramFree still shows the falsified current value of 1 GRAM = around $2.
Even if it had been still possible to earn with GramFree and GramFree had allowed you to convert it to cash, it would have been taken years to earn decent pocket money with this exchange rate. For example, GramFree claims that you can withdraw when you've earned 500 Gram tokens. But if Gram is worth $0.00002, then 500 Gram is only worth $0.01. Yes, one cent.
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No Other Information On The Website
GramFree's homepage does not have any useful information. The tagline to start with, it reads, "You have the unique possibility of access to the new Gram technologies. It is a new platform with incredible opportunities." This does not explain to new users about what they can expect from the site. It can be an online shop, or it can be just an information site for developers.
The website does not have a navigation bar to necessary information like;
- Terms of service
- The owner's information
I would not trust any website that offers a service but the owner's unknown. Especially where there is no legal disclaimer, I would not recommend anyone to spend time or money on a website like this.
Video Testimonials Are Fake
Someone has uploaded a video showing that he's withdrawing a lot of cash out of ATM using a PayPal card as if he had earned so much money with GramFree, but this video testimonial is fake. This person has copied someone else's YouTube video that's referring to something totally different, edited the video by adding some fake GramFree screenshots and uploaded it on YouTube.
Bad User Reviews
If you check Trustpilot, you'll find what the real existing users say. 40% of the reviewers say GramFree is a scam. But the "reviewers" who have given 5-star "excellent" ratings are clearly the insiders. Others who have given a medium rating don't seem to be so sure, for example, one person who gave 4-star said because she had seen a video testimonial. Not knowing that the videos were deceptively manipulated.
The screenshot above-right, written by "Frank Hopkins" - this person has copied and pasted the same 5-star review 3 times so far. It reads, "this company (GramFree) has established itself well". But as I've already explained, no information about the "company" can be found anywhere within the site or elsewhere.
I believe, and I hope you understand by now that just like the cryptocurrency Gram never took off and abandoned, GramFree is a site that never worked in the first place, and does not help you to make any money. I suggest that you should stay away from it, and share the information with your friends and family so that they won't waste their precious time.
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