Watch Videos Get Money, TikTok Cash Supervised By The Investment Alert Task Force

ILLUSTRATION / UNSPLASH

JAKARTA - Social media was shocked by the TikTok Cash application. The so-called application can make TikTok content video viewers earn money. You can't say that you are interested in this application, even on Twitter, netizens also discussed TikTok Cash.

The Head of the OJK Investment Alert Task Force, Tongam L. Tobing, said that his party was conducting an investment investigation carried out by TikTok Cash. According to him, there are indications that the money game or ponzi will harm the community, because it uses a system of recruiting other members.

"The Investment Alert Task Force is looking for more information on this case. Its activities are similar to the GoIns which has been stopped by the Investment Alert Task Force," he said, when contacted by VOI, Tuesday, February 9.

Tongam said there are similarities between TikTok Cash and GoIns, namely the referral scheme and member packages. Where, members buy packages to get missions or assignments to watch, like, and or follow on social media.

"GoIns directs Instagram and TikTok Cash directs TikTok. Where there is commission, duration of package validity, and tasks per day. In addition, there are referral schemes and member packages that differentiate acceptance from likes and watching videos," he explained.

In addition, Tongam also knows and ensures that TikTok Cash is not a part of TikTok, the various video platform owned by the ByteDance company. For this reason, during the investigation process, he appealed to the public not to first participate in TikTok Cash activities.

"The public should be alert and not participate in the activity first. Because the potential may be harmed. So, if there is an activity, such as member get member to get this benefit, it should be avoided," he said.

For information, the ponzi scheme in Indonesia itself is regulated in Law Number 7 of 2014 concerning Trade. The law explains that the ponzi scheme is a system of business activities that benefits, not from the sale of goods, but by taking advantage of opportunities for participation by business partners, especially from the participation costs of other people who will join or have joined.

The ponzi scheme asks members to continuously increase the investment value so that the profits they get are even greater. However, if there are no new participants or there are no participants who add value to the investment, the profits that the participants will get will stop.

How TikTok Cash Works

TikTok Cash promises benefits in the form of coffers of money by carrying out various tasks that are provided per day. The tasks start from following accounts, likes, and watching TikTok videos, then screenshots of the results of the assignments to get the money.

In order to get more money or balance, users can increase the level with a larger number of tasks and commissions.

There are also member levels available on the TikTok Cash site, including internships, temporary workers, employees, group leaders, supervisors, and managers.

For example, an Internship level user who does not pay membership fees only gets 2 daily tasks and a maximum commission of IDR 0 rupiah for one assignment. Meanwhile, a Temporary Worker level user can complete a task 3 times with a commission of IDR 5,000 for one task.

Then, the employee level by paying a membership of Rp.499,000 at the beginning of registration, gets 4 daily tasks and Rp.5,500 in commission for one task. The validity period of this package is 365 days or 1 year.

Then, a Supervisor level user by paying a membership of Rp.4,999,000 at the beginning of registration, gets 55 daily tasks and a maximum commission of Rp120,450,000. The validity period of this package is 365 days or 1 year.

The more tasks completed per day, the more balance is accumulated. In addition, the TikTok Cash site also implements MLM (multi-level marketing) where users have to invite other people to join to increase profits. Later, the balance amount can be disbursed to the user's bank account.