Again in January BehindMLM coated BizzTradePro, a reboot of the twice collapsed BizzTrade Ponzi scheme – itself a reboot of the collapsed BizzTrek pyramid scheme.
Yeah, there’s a number of baggage right here.
BizzTrade and BizzTradePro have been Ponzi schemes run by means of BizzCoin and BizzCoinPro. Each seemingly now deserted.
BizzTradePro’s official FaceBook and Twitter profiles have been deleted:
Enter NextGen, a rapidly put collectively reboot seeking to capitalize on what’s left.
NextGen is headed up by Rehan and Rizwan Gohar.
The BizzTrade workplace in Birmingham within the UK has been rebranded:
And the scheduled BizzTradePro occasion in Turkey, the place Rizwan is organising an offshore workplace to interchange Dubai, has merely been renamed:
Somebody who’s a bit extra distinguished in NextGen advertising and marketing this time round is Paul Chalmers.
Chalmers, a UK resident, is being cited as NextGen’s Managing Director.
Mr. Paul Chalmers is answerable for managing day by day operations together with being answerable for all buying and selling actions for the corporate.
Not one of the Bizz* Ponzis had something to do with buying and selling however did bundle “foreign exchange schooling” with affiliate funding.
That’s persevering with with NextGen and is presumably what Chalmers brings to the desk.
NextGen is meant to go reside on the area “nextgen.io” in some unspecified time in the future. The area’s registration was final up to date on January eighth, 2022.
This is able to probably be across the time the Gohar brothers acquired it. That this was so near the BizzTradePro reboot is troubling.
Learn on for a full evaluate of NextGen’s MLM alternative.
NextGen’s Merchandise
NextGen has no retailable services or products.
Associates are solely capable of market NextGen affiliate membership itself.
NextGen’s Compensation Plan
NextGen associates put money into AMGEN, a cryptocurrency created by NextGen.
- Professional Starter – €100 EUR
- Apprentice – €200 EUR
- Enterprise – €500 EUR
- Skilled – €1000 EUR
- Elite – €2500 EUR
- Dealer – €5000 EUR
NextGen flogs AMGEN off to associates at €0.20 EUR every.
NextGen associates put money into AMGEN on the promise of a 400% ROI.
This return is paid day by day, capped at “as much as 1%” a day.
The MLM aspect of NextGen pays on funds invested by recruited associates.
Word though not explicitly clarified, it’s assumed all MLM commissions are paid in AMGEN.
NextGen Affiliate Ranks
There are 9 ranks inside NextGen’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Energetic Trainee – generate €100 EUR of funding on each side of your binary group
- Certified Trainee – generate €500 EUR of funding on each side of your binary group
- Workforce Chief – make investments on the Skilled or larger tier and generate €5000 EUR of funding quantity on each side of your binary group
- Workforce Supervisor – personally recruit one Workforce Chief on each side of your binary group
- Senior Supervisor – personally recruit two Workforce Leaders on each side of your binary group
- Regional Director – personally recruit one Senior Supervisor on each side of your binary group
- Regional President – personally recruit one Regional Director on each side of your binary group
- President – personally recruit one Regional President on each side of your binary group
- International Ambassador – personally recruit one President on each side of your binary group
Referral Commissions
NextGen associates earn 10% of funds invested by personally recruited associates.
Residual Commissions
NextGen pays residual commissions through a binary compensation construction.
A binary compensation construction locations an affiliate on the high of a binary group, cut up into two sides (left and proper):
The primary degree of the binary group homes two positions. The second degree of the binary group is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary group are generated as required, with every new degree housing twice as many positions because the earlier degree.
Positions within the binary group are crammed through direct and oblique recruitment of associates. Word there isn’t any restrict to how deep a binary group can develop.
On the finish of every day NextGen tallies up new funding quantity on each side of the binary group.
Associates are paid a proportion of funds invested on their weaker binary group aspect.
The precise residual fee charge paid out is decided by how a lot a NextGen affiliate themselves has invested:
- Professional Starter to Enterprise tier associates earn a 7% residual fee charge
- Skilled and Elite tier associates earn an 8% residual fee charge
- Dealer tier associates earn a 9% residual fee charge
ROI Match
Workforce Chief ranked NextGen associates qualify for a ROI match.
NextGen pays the ROI Match through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel group, with each personally recruited affiliate positioned straight underneath them (degree 1):
If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel group.
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.
NextGen caps the ROI Match at ten unilevel group ranges:
- degree 1 (personally recruited associates) – 2%
- ranges 2 to 10 – 1%
Founders Pool
NextGen takes 10% of company-wide income and locations it into the Founders Pool.
The Founders Pool is paid to Dealer funding tier associates who’ve additionally certified at Workforce Chief.
Rank Achievement Bonus
NextGen rewards associates who’ve certified at Workforce Chief and better with the next Rank Achievement Bonuses:
- qualify at Workforce Chief and obtain a “TL Package” (journal, “gold coin”, badge, t-shirt, pen and diary and “nextgen badge”)
- qualify at Workforce Supervisor and obtain a “NextGen watch”
- qualify at Senior Supervisor and obtain an iPhone
- qualify at Regional Director and obtain a MacBook
- qualify at Regional President and obtain a Rolex watch or €5000
- qualify at President and obtain a Mercedes Benz
- qualify at International Ambassador and obtain an “residence”
Becoming a member of NextGen
NextGen affiliate membership is free.
Full participation within the hooked up earnings alternative requires an preliminary €100 to €5000 EUR funding.
Word that to qualify at Workforce Chief and better, a €1000 EUR Skilled tier funding is required.
Conclusion
There’s not a lot to NextGen. You could have the identical outdated % a day Ponzi mannequin, with a brand new BEP-20 shitcoin.
AMGEN would have taken 5 minutes to arrange at little to no price. New buyers are lured in with a contemporary coat of paint, AMGEN pumps.
Scammers withdraw, AMGEN dumps. This has already performed out with each BizzCoin and BizzCoinPro.
AMGEN was publicly launched on or round April sixteenth. There’s a bit of strange spike manipulation happening however in any other case it’s traded sideways at round 50 cents.
50 cents corresponds to €0.0136 EUR. So in case you’re shopping for a NextGen package deal and getting tokens at €0.2 EUR, you’re already taking a success.
One addition value noting, and this most likely explains the last-minute reboot, is the Gohar brothers wanting to leap on the NFT bandwagon.
The NFT fad is generally over. And that’s within the public area. Actually no person goes to care about Ponzi NFTs, they’re DOA.
Apart from that, NextGen is weighed down by two plus years of shitcoin bagholders.
These earlier buyers, a few of whom would have made cash scamming long-gone victims, are already preloaded and positioned by means of no matter offers current buyers got.
You as a brand new NextGen investor are serving to them recoup widespread losses.
Being a third-gen Ponzi scheme recruitment isn’t prone to take off, even for a quick second.
As with BizzTrade and BizzTradePro, the mathematics behind Ponzi schemes ensures the vast majority of members lose cash.