Doxy offers no credible details about who owns or runs the corporate on its web site.
The “group” part of Doxy’s web site is populated by fictional names represented by inventory photographs:
None of those folks truly exist.
Doxy’s major web site area (“doxy.ai”), was privately registered on December 2nd, 2021.
Perusal of Doxy’s web site source-code reveals references to 2 extra Doxy associated domains:
Doxy Finance focuses extra on Doxy’s DOXY token:
Doxy Exch (Change?) is an try and affiliate Doxy with sports activities betting:
I’ve circled the “web site entry” hyperlink above, because it factors to a non-existent app obtain:
The damaged hyperlink isn’t of curiosity nevertheless it’s price noting it’s/was hosted on a .IN area.
This means that whoever is definitely operating Doxy is doing so out of India. Or on the very least Doxy has ties to India.
The Doxy Finance and Doxy Exch domains have been each privately registered across the time Doxy AI’s major area was registered.
In an try to seem official, Doxy offers shell firm incorporation certificates for Nigeria, the UK and the US.
There isn’t a verification course of connected to fundamental incorporation. Due to this, scammers routinely incorporate shell corporations with bogus info.
For the aim of MLM due-diligence, fundamental incorporation in any jurisdiction is meaningless.
As all the time, if an MLM firm is just not overtly upfront about who’s operating or owns it, suppose lengthy and exhausting about becoming a member of and/or handing over any cash.
Doxy’s Merchandise
Doxy has no retailable services or products.
Associates are solely in a position to market Doxy affiliate membership itself.
Doxy’s Compensation Plan
Doxy associates spend money on DOXY tokens. DOXY tokens can both be bought from Doxy or from an current investor.
Doxy don’t disclose how a lot they promote generated DOXY tokens to associates for.
As soon as bought, DOXY tokens are invested with Doxy on the promise of an marketed return:
- make investments $10 to $100 of DOXY tokens and obtain 12% a month for 750 days
- make investments $110 to $500 of DOXY tokens and obtain 18% a month for 500 days
- make investments $510 to $1000 of DOXY tokens and obtain 24% a month for 375 days
- make investments $1010 to $5000 of DOXY tokens and obtain 35% a month for 300 days
- make investments $5010 to $7500 of DOXY tokens and obtain 37.5% a month for 240 days
Returns are paid till 500% of the invested quantity is reached. Word that MLM commissions (excluding residual commissions) depend in direction of the five hundred% ROI cap.
After 500% is reached reinvestment is required to proceed incomes.
Word that Doxy withholds 10% of earned commissions and locations it right into a “gaming pockets”.
This seems to be an try and get associates to spend cash on Doxy’s inside apps.
Doxy prices a further 10% payment to fund the Dividend Bonus (see beneath).
The MLM facet of DOXY pays commissions on DOXY token funding by recruited associates.
Referral Commissions
Doxy associates earn a 5% fee on investments by personally recruited associates.
It’s not clear whether or not that is paid on DOXY token purchases or DOXY tokens invested for a month-to-month return.
ROI Matching Bonus
Doxy pays a Matching Bonus on DOXY token returns earned by downline associates.
The primary day by day Matching Bonus is 200%. After this it’s a 100% day by day match “until limitless depth”, capped at twice the DOXY token quantity an affiliate themselves has invested.
Word the Matching Bonus is paid out 1% a day from the day it’s earned (i.e. every day by day earned Matching Bonus is paid out over 100 days).
Residual Commissions
Doxy pays residual commissions by way of a binary compensation construction.
A binary compensation construction locations an affiliate on the high of a binary group, break 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 by way of direct and oblique recruitment of associates. Word there is no such thing as a restrict to how deep a binary group can develop.
Residual commissions look like calculated on amassed funding quantity on either side of the binary group:
- Bronze – generate $100 on either side of your binary group and obtain $10 every week for 52 weeks
- Silver – generate $300 on either side of your binary group and obtain $30 every week for 52 weeks
- Gold – generate $900 on either side of your binary group and obtain $90 every week for 52 weeks
- Platinum – generate $2500 on either side of your binary group and obtain $250 every week for 52 weeks
- Titanium – generate $7500 on either side of your binary group and obtain $750 every week for 52 weeks
- Ruby – generate $21,000 on either side of your binary group and obtain $2500 every week for 52 weeks
- Sapphire – generate $64,000 on either side of your binary group and obtain $7500 every week for 52 weeks
- Diamond – generate $100,000 on either side of your binary group and obtain $15,000 every week for 52 weeks
- Royal Diamond – generate $250,000 on either side of your binary group and obtain $30,000 every week for 52 weeks
- Crown Diamond – generate $500,000 on either side of your binary group and obtain $75,000 every week for 52 weeks
I’m not 100% certain on whether or not these quantities must be met as soon as or maintained.
In line with the matching factors customers get Weekly Efficiency Bonus ranging from $10 to $75000.
The above, taken from Doxy’s compensation documentation, suggests residual fee qualification is calculated weekly.
This begs the query why the 52 week restrict then? One risk is residual commissions are solely paid out for 52 weeks from the time of funding, no matter how lengthy it takes to achieve the worldwide 500% ROI cap (reminder that the worldwide ROI cap excludes residual commissions).
Dividend Bonus
Doxy prices associates a ten% payment on withdrawals.
The corporate claims these funds are “equally distributed amongst all of the out there steadiness holders”.
Presumably this implies anybody with an energetic DOXY token funding.
Becoming a member of Doxy
Doxy affiliate membership seems to be free.
Full participation within the connected earnings alternative requires a minimal $10 funding in DOXY tokens.
Doxy Conclusion
Doxy claims it’s a “Stay & Fantasy Sports activities platform powered by the blockchain expertise.”
This sees Doxy deploy your typical MLM crypto Ponzi buying and selling bot ruse, solely the corporate is buying and selling… sports activities gamers?
Modifications in Gamers Share costs present a useful alternative to revenue from buying and selling both lengthy or quick time period.
The idea is straightforward: purchase low and promote excessive.
Riiiiiiiigh………..t.
For sure this isn’t a factor, at the very least so far as generated income goes. And even when it was, if this platform is already set as much as revenue, what does Doxy want your cash for?
The reply is the entire sports activities buying and selling facet of Doxy is advertising and marketing bullshit. Doxy is a straightforward token Ponzi scheme.
DOXY is a BEP20 token.
BEP20 tokens take about 5 minutes to arrange at little to no value.
From there the one move of cash is into Doxy, by means of token gross sales.
That very same cash is used to pay withdrawals, with the remainder of Doxy’s Ponzi scheme consisting of numbers (tokens) on a display.
Being a token based mostly scheme, DOXY has set itself up on just a few decentralized exchanges. That is total meaningless, as DOXY token collapses when Doxy does.
As with all MLM Ponzi schemes, when affiliate recruitment dries up so too will ROI income.
It will go away Doxy unable to pay withdrawal requests, inevitably prompting a collapse.
DOXY will then be revealed as nugatory, leaving the vast majority of Doxy associates bagholding a token they will’t do something with.