Swapnex gives no info on its web site about who owns or runs the corporate.
Swapnex’s web site area (“swapnex.io”), was privately registered again in December 2020.
The corporate itself seems to have launched on or round August 2021.
In an try to seem respectable, Swapnex gives Australian incorporation particulars for “Swapnex PTY LTD”. A corresponding company deal with in NSW, Australia can be offered.
One of many companies working from this deal with is a digital workplace deal with service provider.
For the aim of MLM due-diligence, primary incorporation in any jurisdiction is meaningless of for the aim of MLM due-diligence. That is primarily because of the lack of verification of submitted knowledge.
Swapnex’s official YouTube channel was created on August 2nd, 2021. The channel options advertising movies with solid actors.
In an October thirtieth 2021 video, an unnamed “product director” seems in a typical rented workplace setup:
In a second video uploaded on February sixth 2022, Swapnex names its Product Director as Marcus Huber;
“Marcus Huber” is the truth is Rupert Godman, a UK citizen residing in Russia for twenty years.
Godman is fluent in French, Spanish, German and Russian. As per an interview Sam Gerrans, circa 2012 Godman was
in actual property and teaches enterprise English. He’s additionally writing a novel and performs drums in a band.
On March twentieth, Godman marked a latest Swapnex appearing gig with an Instagram put up:
My final position in Moscow enjoying a spivvy cryptocurrency vendor in a company video.
I stay open to alternatives within the UK.
I imagine the video Godman refers to is the February 2022 Swapnex advertising video cited above.
Swapnex’s official FaceBook web page is managed from the Ukraine.
From this we surmise “Marcus Huber” is a Boris CEO. Who precisely is working Swapnex is unclear but it surely’s very clearly the same old eastern-European scammers.
As all the time, if an MLM firm shouldn’t be overtly upfront about who’s working or owns it, assume lengthy and onerous about becoming a member of and/or handing over any cash.
Swapnex’s Merchandise
Swapnex has no retailable services or products.
Associates are solely in a position to market Swapnex affiliate membership itself.
Swapnex’s Compensation Plan
Swapnex associates make investments cryptocurrency on the promise of a passive return.
- Begin – $200 (locked for 30 to 90 days)
- Private – $500 (locked for 120 days)
- Skilled – $1500 (locked for 180 or 360 days)
Word that whereas the above quantities are quoted in USD, Swapnex solely solicits funding in cryptocurrency.
The MLM aspect of Swapnex pays on cryptocurrency invested by recruited associates.
Referral Commissions
Swapnex pays referral commissions by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel staff, with each personally recruited affiliate positioned instantly beneath them (degree 1):
If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel staff.
If any degree 2 associates recruit new associates, they’re positioned on degree 3 and so forth and so forth down a theoretical infinite variety of ranges.
Swapnex caps payable unilevel staff ranges at 5.
Referral commissions are paid as a proportion of cryptocurrency invested throughout these 5 ranges as follows:
- degree 1 (personally recruited associates) – 10%
- degree 2 – 2%
- degree 3 – 1%
- ranges 4 and 5 – 0.5%
Consultant certified Swapnex associates obtain “larger commissions and bonuses”.
- degree 1 – 20%
- degree 2 – 10%
- degree 3 – 6%
- degree 4 – 2%
- degree 5 – 1%
Particular Consultant qualification standards shouldn’t be offered.
Month-to-month Bonus
The Month-to-month Bonus is calculated on “complete revenue” paid to personally recruited associates.
The Month-to-month Bonus begins at $10. Swapnex doesn’t present full Month-to-month Bonus particulars.
Management Bonus
The Management Bonus is a month-to-month bonus paid on downline funding milestones.
- generate $1000 in downline funding and obtain $10
- generate $2000 in downline funding and obtain $20
- generate $5000 in downline funding and obtain $50
- generate $10,000 in downline funding and obtain $100
- generate $50,000 in downline funding and obtain $500
- generate $500,000 in downline funding and obtain $5000
Becoming a member of Swapnex
Swapnex affiliate membership is free.
Full participation within the connected earnings alternative requires funding.
Swapnex solicits funding in bitcoin, tether, ethereum, litecoin and dogecoin.
Swapnex Conclusion
Swapnex is a straightforward Boris CEO Ponzi scheme.
The advertising ruse of selection is the cliche buying and selling bot:
Let Synthetic Intelligence give you the results you want! Simply select a foreign money pair, enter a sum for buying and selling and watch the bot making earnings for you!
Our AI-based options mechanically monitor costs on completely different exchanges and select essentially the most appropriate time for creating orders.
That is after all baloney. Like all Ponzi scheme, all Swapnex does is recycle invested funds to pay ROI withdrawal requests.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up, so too will new funding.
This may starve Swapnex of ROI income, finally prompting a collapse.
The maths behind Ponzi schemes ensures that once they collapse, nearly all of individuals lose cash.
At time of publication Alexa ranks prime sources of visitors to Swapnex’s web site as Azerbaijan (14%), Italy (10%) and Vietnam (6%).
Replace tenth Might 2022 – Shortly after this evaluation was printed Swapnex deleted its Boris CEO YouTube movies.
I didn’t understand as a result of I didn’t hyperlink to any of them.
At time of this replace Swapnex has deleted all YouTube movies as much as September 2021.
Rupert Godman additionally seems conscious of his affiliation with a Ponzi scheme. Since publication of this evaluation he’s marked his Instagram account as personal.
Replace sixteenth Might 2022 – Swapnex has collapsed.
Replace twentieth Might 2022 – Swapnex has accomplished its behind the scenes exit-scam.
The Ponzi scheme has suggested traders its web site can be pulled offline shortly.