Ultron is being launched as a part of Givvo. The roll-out is a bit unusual.
Ultron is being launched as a stand-alone alternative, initially hosted off Givvo’s web site:
That subdomain was working up till just lately. It’s now been disabled.
So far as I can inform, Givvo at the moment doesn’t have a standalone net presence. Nonetheless we all know it’s tied to Givvo.
Givvo guarantees to “change the truth that 99% of individuals by no means win at life?”
GIVVO’s fundamental concept got here from a easy want; the way to fulfill everybody’s deepest wishes and on the identical time make the world higher.
Givvo presents itself as a donations platform for undisclosed “humanitarian organizations”.
By the “Donations Marketing campaign,” GIVVO raises cash for one of many partnered licensed Humanitarian Organizations.
When the marketing campaign is completed, we are going to current how this group used donated cash.
Givvo is actually an ecommerce platform with a donation backend. You purchase merchandise on their platform and obtain “donation factors”. Donation factors are put into pre-organized campaigns.
I consider all Givvo are doing is funneling what would in any other case be buyer cashback into donations.
Hooked up to Givvo is a referral revenue alternative:
Alexa at the moment ranks visitors to Givvo’s web site at 2.8 million. This isn’t a lot.
As to who’s operating Givvo, and by extension Ultron, no firm possession particulars are offered.
Within the “marketing campaign guidelines” part of Givvo’s web site, it represents it’s being run by the UK shell firm Prizer22 LTD.
An MLM firm working or claiming to function out of the UK is a purple flag.
UK incorporation is filth low cost and successfully unregulated. On high of that the FCA, the UK’s high monetary regulator, don’t actively regulate MLM associated securities fraud.
Because of this the UK is a popular jurisdiction for scammers seeking to incorporate, function and promote fraudulent firms.
For the aim of MLM due-diligence, incorporation within the UK or registration with the FCA is meaningless.
Givvo’s official FaceBook web page is managed from Slovakia and Slovenia. That is according to the corporate’s ecommerce platform working in euros.
In September 2021 Givvo uploaded an occasion video to their YouTube channel:
The man within the video is Matej Cifra, a YouTuber from Slovakia. Cifra runs the YouTube channel Sajfa.
I wasn’t in a position to affirm how concerned in Cifra is in Givvo or Ultron.
Cifra led me to somebody I can affirm is closely concerned in Givvo, Tobias Sukenik.
In 2019 Sukenik co-founded TBF Worldwide, a CBD MLM firm. In 2020 TBF Worldwide was bought off to Kannaway.
Within the BusinessForHome article linked above, TBF Worldwide’s different co-founders are recognized as Michal Kyselica and Michal Prazenica
Kyselica appears to have moved on…
Replace twenty fifth March 2022 – Michal Kyselica has been in contact to substantiate he has nothing to do with Ultron or Givvo. /finish replace
…however on LinkedIn, Michal Prazenica identifies himself as CEO of Givvo.
In 2018, previous to co-founding TBF Worldwide, a BehindMLM reader tied Sukenik and Prazenica to the BeReal Property Ponzi scheme.
I spotted right here that I may have saved myself a little bit of time as one other reader, (remark #27), had already recognized Sukenik and Prazenica with respect to Givvo.
That was in October 2021. Particulars of Givvo’s enterprise mannequin weren’t obtainable so I wasn’t in a position to publish a assessment.
One more reader just lately reached out to me requesting a Givvo/Ultron assessment. This time I used to be in a position to oblige.
In response to their respective social media profiles, each Tobias Sukenik and Michal Prazenica are primarily based out of Dubai.
Attributable to restricted extradition treaties and non-existent regulation of MLM associated securities fraud, Dubai supplies a safe-haven for scammers.
BehindMLM considers Dubai to be the MLM rip-off capital of the world. Any MLM firm that’s primarily based out of Dubai, or has executives primarily based there, raises computerized purple flags.
Givvo and Ultron’s enterprise operations seem like unfold between Dubai, Slovakia and Slovenia.
As all the time, if an MLM firm isn’t overtly upfront about who’s operating or owns it, assume lengthy and exhausting about becoming a member of and/or handing over any cash.
Ultron’s Merchandise
Ultron has no retailable services or products.
Associates are solely in a position to market Ultron affiliate membership itself.
Ultron’s Compensation Plan
Ultron associates put money into ULTRON tokens on the promise of marketed returns.
Ultron tokens are bought to associates for 1 cent every in three packages:
- €500 EUR
- €1500 EUR
- €5000 EUR
All packages include 20% bonus ULTRON tokens.
As soon as acquired, ULTRON tokens are parked with the corporate on the promise of marketed returns.
The ROI paid on Ultron token funding is decided by how lengthy an affiliate invests their tokens for:
- 0.2% a day for the primary 12 months
- 0.1% a day for the second 12 months
- 0.05% a day for the third 12 months
- 0.025% a day for the fourth 12 months
- 0.012% a day for the fifth 12 months
The MLM aspect of Ultron pays commissions on tokens bought by recruited associates.
Ultron Affiliate Ranks
There are fifteen affiliate ranks inside Ultron’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Accomplice – enroll and put money into Ultron tokens
- Energetic Accomplice – generate €100 EUR in gathered weaker binary group aspect quantity
- Supervisor – generate 2500 EUR in gathered weaker binary group aspect quantity
- Grasp – generate 5000 EUR in gathered weaker binary group aspect quantity
- Staff Supervisor – generate 15,000 EUR in gathered weaker binary group aspect quantity
- President Supervisor – generate 40,000 EUR in gathered weaker binary group aspect quantity
- Regional Supervisor – generate 75,000 EUR in gathered weaker binary group aspect quantity
- Government Director – generate 200,000 EUR in gathered weaker binary group aspect quantity
- Diamond Director – generate 200,000 EUR in gathered weaker binary group aspect quantity
- Double Diamond Director – generate 1,000,000 EUR in gathered weaker binary group aspect quantity
- Vice President – generate 2,500,000 EUR in gathered weaker binary group aspect quantity
- President – generate 6,000,000 EUR in gathered weaker binary group aspect quantity
- World President – generate 15,000,000 EUR in gathered weaker binary group aspect quantity
- Star President – generate 30,000,000 EUR in gathered weaker binary group aspect quantity
- Legend – generate 50,000,000 EUR in gathered weaker binary group aspect quantity
Referral Commissions
Ultron associates earn a ten% fee on token packages bought by personally recruited associates.
Residual Commissions
Ultron pays residual commissions through 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 stuffed through direct and oblique recruitment of associates. Word there is no such thing as a restrict to how deep a binary group can develop.
On the finish of every week Ultron tallies up new funding quantity on either side of the binary group.
Associates are paid 10% of funding quantity generated on their weaker binary group aspect.
Word that residual commissions are capped weekly primarily based on rank:
- Companions can earn as much as €1000 EUR
- Energetic Companions by Masters can earn as much as €3000 EUR
- Staff Managers can earn as much as €5000 EUR
- President Managers can earn as much as €7500 EUR
- Regional Managers can earn as much as €10,000 EUR
- Government Administrators can earn as much as €12,000 EUR
- Diamond Administrators can earn as much as €20,000 EUR
- Double Diamond Administrators can earn as much as €30,000 EUR
- Vice Presidents can earn as much as €40,000 EUR
- Presidents can earn as much as €50,000 EUR
- World Presidents can earn as much as €75,000 EUR
- Star Presidents can earn as much as €175,000 EUR
- Legends can earn as much as €350,000 EUR
After quantity is paid out on, it’s matched towards the stronger binary group aspect and flushed.
Any leftover quantity carries over into the next week.
Matching Bonus
Ultron pays a Matching Bonus 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 beneath 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.
Ultron caps the Matching Bonus at seven unilevel group ranges.
The Matching Bonus is paid out as a proportion of residual commissions earned by unilevel group associates.
What number of ranges an Ultron affiliate earns teh Matching Bonus on is decided by rank:
- Masters and Staff Managers earn a ten% match on degree 1 (personally recruited associates)
- Venture Managers earn a ten% match on ranges 1 and a pair of
- Regional Managers earn a ten% match on ranges 1 to three
- Government Administrators earn a ten% match on ranges 1 to 4
- Diamond Administrators earn a ten% match on ranges 1 to five
- Double Diamond Administrators earn a ten% match on ranges 1 to six
- Vice Presidents and better earn a ten% match on ranges 1 to 7
Recruitment Bonus
If an Ultron affiliate recruits 5 associates who buy a bundle inside 30 days of signing up, they obtain a refund on their very own preliminary bundle buy.
Word that packages bought by associates should be the identical or increased than whichever one the qualifying affiliate bought.
Chief Bonus Swimming pools
Ultron takes 5% of company-wide income and locations it right into a Leaders Bonus Pool.
The Leaders Bonus Pool is break up into 4 equal smaller swimming pools.
Ultron associates qualify for a share within the smaller Chief Bonus Swimming pools primarily based on rank:
- Managers obtain a share in a Supervisor Chief Bonus Pool
- Administrators obtain a share in a Director Chief Bonus Pool
- Presidents obtain a share in a President Chief Bonus Pool
- Legends obtain a share in a Legend Chief Bonus Pool
Rank Achievement Bonus
Ultron rewards associates who qualify at Staff Supervisor and better with the next one-time Rank Achievement Bonuses:
- qualify at Staff Supervisor and obtain €500 EUR
- qualify at President Supervisor and obtain €1200 EUR
- qualify at Regional Supervisor and obtain €2500 EUR
- qualify at Government Director and obtain €6000 EUR
- qualify at Diamond Director and obtain €15,000 EUR
- qualify at Double Diamond Director and obtain €30,000 EUR
- qualify at Vice President and obtain €75,000 EUR
- qualify at President and obtain €200,000 EUR
- qualify at World President and obtain €500,000 EUR
- qualify at Star President and obtain €1,000,000 EUR
- qualify at Legend and obtain €2,500,000 EUR
Becoming a member of Ultron
Ultron affiliate membership is tied to the acquisition of a €500, €1500 or €5000 EUR ultron token bundle.
The extra an affiliate spends on their bundle the upper their revenue potential.
Ultron Conclusion
A Givvo advertising and marketing video from final October reveals it had its personal cryptocurrency element:
Ultron sees Givvo go full crypto bro with pyramid recruitment and securities fraud.
Considerably not surprisingly, Ultron’s crypto bro aspirations don’t exist but.
What is able to go is funding fraud. Ultron associates enroll, put money into Ultron tokens, park these tokens with the corporate (staking), and gather a passive return.
It is a securities providing and requires registration with monetary regulators.
Given Ultron has no exterior income (the ecommerce platform flopped in order that’s out), returns on invested Ultron are thus paid with subsequently invested funds.
Ultron will little question give you some pseudo-compliance to elucidate this away. With out audited monetary studies filed with regulators nevertheless, that is meaningless.
The MLM aspect of Ultron pays on recruitment of associates who additionally make investments. Given there’s no retail inside Ultron’s MLM alternative, this equates to pyramid recruitment.
Two tiers of fraud, a UK shell firm for banking and let’s not overlook Givvo is being run by scammers hiding in Dubai.
Good luck getting your a reimbursement from them when Ultron inevitably collapses.
Trying in direction of the inevitable exit-scam, Ultron’s advertising and marketing materials mentions it’s an “ethereum digital machine appropriate protocol”.
I consider that’s only a roundabout manner of stating ultron is an ERC20 shit token. These take 5 minutes to arrange at little to no price.
For reference, the area “ultron.basis” was privately registered on February ninth. This seems to be when Givvo’s Ultron reboot was put into movement.
At time of publication ultron doesn’t seem like publicly tradeable. If that stays the identical, Ultron’s exit-scam will see Tobias Sukenik and Michal Prazenica exit stage left.
It will depart Ultron associates bagholding tokens they will’t do something with.
If ultron is finally dumped on dodgy exchanges, admins will run off with invested funds leaving associates in a dump race to the underside.
Whichever route Ultron’s admins select, math ensures nearly all of individuals in Ponzi schemes lose cash.
Replace 1st August 2022 – A reader has written in to advise Ultron is being promoted beneath “Mavie Worldwide” branding.
Mavie Worldwide represents itself to be a “world internet online affiliate marketing company”. It operates from the area (“mavie.world”), privately registered in March 2022.
Mavie Worldwide showing across the identical time Ultron was launched places a giant query mark on whether or not it’s a third-party firm, as represented:
MaVie surpassed our expectations in high quality and expertise. They actually ship good company work and the backoffice is wonderful.
We’re actually joyful to be working with them.
Jeremy Romain within the feedback under claims Michal Prazenica is behind Mavie, which might successfully imply its one and the identical firm.
Pending data on the contrary, Mavie Worldwide seems to simply be an try to differentiate Ultron’s backoffice from its Ponzi scheme.
Word Ultron’s Mavie Worldwide is to not be confused with Ma Vie Worldwide, a crypto Ponzi launched in 2018, or Abboud Barakat’s MaVie (bought off to Ariix in 2020).