It’s a violation of Instagram’s terms and conditions and could get your account locked or deleted. Even if it wasn’t a violation, it would most likely do more damage to your account than good. You would have a lot of followers but your post engagements would not be nearly be in line. Most people would quickly realize that your followers are fake and your account reputation will be tarnished… probably the exact opposite of what you were looking to achieve. Those followers can also be deleted at any time by Instagram or the account creators.
A year or 2 ago there was the large Instagram fake profile flush (Insta-pocalypse or Insta-geddon for some) and a lot of Instagram “Influencers” and even celebrities were exposed for having a high proportion of fake followers, many of which they purchased. Some accounts lost 50–98% of their followers! It was such a disaster for some of these exposed users that they ended up deleting their entire account… but not before plenty of screenshots were taken and humorous articles were written.
You’re better off spending the time and money improving your Instagram account organically, paying for advertising, and even using other social media/ web platforms to ask that people follow you on Instagram. Quora is a great place to do just that!

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