Wombia offers no info on its web site about who owns or runs the corporate.
Wombia’s web site area (“wombia.com”), was privately registered on July sixteenth, 2021.
In an try to look reliable, Wombia offers a UK incorporation certificates for Wombia Multinational Firm Restricted.
An MLM firm working or claiming to function out of the UK is a purple flag.
UK incorporation is grime low cost and successfully unregulated. On prime of that the FCA, the UK’s prime monetary regulator, don’t actively regulate MLM associated securities fraud.
In consequence the UK is a popular jurisdiction for scammers seeking to incorporate, function and promote fraudulent corporations.
For the aim of MLM due-diligence, incorporation within the UK or registration with the FCA is meaningless.
Wombia additionally offers a Nigeria incorporation certificates for Wombia Built-in Assets LTD.
For the aim of due-diligence, fundamental incorporation wherever is meaningless.
Wombia’s advertising and marketing movies characteristic a robo-voice. That is typical of schemes run by non-native English audio system.
As all the time, if an MLM firm just isn’t overtly upfront about who’s operating or owns it, assume lengthy and laborious about becoming a member of and/or handing over any cash.
Wombia’s Merchandise
Wombia has no retailable services or products.
Associates are solely capable of market Wombia affiliate membership itself.
Wombia’s Compensation Plan
Wombia associates make investments cryptocurrency on the promise of marketed returns:
- Begin Up – make investments $25 to $9999 and obtain 1.5% for 150 days (225% ROI), 75% of invested quantity have to be reinvested
- Dealer – make investments $10,000 to $24,999 and obtain 2% for 130 days (260% ROI), 50% of invested quantity have to be reinvested
- Skilled – make investments $25,000 to $49,999 and obtain 2.5% a day for 120 days (300%) ROI), 25% of invested quantity have to be reinvested
- Evolution – make investments $50,000 or extra and obtain 3% a day for 100 days (300% ROI)
Word Wombia prices a ten% payment on all withdrawals.
The MLM aspect of Wombia pays commissions on recruitment of affiliate buyers.
Referral Commissions
Wombia pays a 2% to 10% fee on crypto invested by personally recruited associates.
- recruit fifty associates to qualify for a 2% referral fee price
- recruit 100 associates to qualify for a 5% referral fee price
- recruit 2 hundred associates to qualify for a ten% referral fee price
Residual Commissions
Wombia pays residual commissions by way of a binary compensation construction.
A binary compensation construction locations an affiliate on the prime of a binary group, break up into two sides (left and proper):
The primary stage of the binary group homes two positions. The second stage 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 stage housing twice as many positions because the earlier stage.
Positions within the binary group are stuffed by way of direct and oblique recruitment of associates. Word there isn’t a restrict to how deep a binary group can develop.
On the finish of every day Wombia tallies up new funding quantity on each side of the binary group.
Associates are paid 10% of funds generated on their weaker binary group aspect, capped primarily based on how a lot they’ve invested:
- Begin Up tier associates are capped at $2500 in residual commissions a day
- Dealer tier associates are capped at $5000 in residual commissions a day
- Skilled tier associates are capped at $7500 in residual commissions a day
- Evolution tier associates are capped at $10,000 in residual commissions a day
Rank Achievement Bonuses
Wombia rewards associates with the next one-time Rank Achievement Bonuses:
- Agent – generate $30,000 of funding quantity on each side of your binary group to qualify for a $1000 bonus
- Rank 2- generate $60,000 of funding quantity on each side of your binary group to qualify for a $2000 bonus and a Rolex watch
- Rank 3 – generate $90,000 of funding quantity on each side of your binary group to qualify for a $3000 bonus plus an iPhone 13 Professional and “franchise advantages”
- Rank 4 – generate $125,000 of funding quantity on each side of your binary group to qualify for a $4500 bonus plus an Apple Watch and laptop computer
- Rank 5 – generate $175,000 of funding quantity on each side of your binary group to qualify for a $6000 bonus plus “7 days 8 nights journey to Europe”
- Rank 6 – generate $300,000 of funding quantity on each side of your binary group to qualify for a $10,000 bonus plus “sports activities automobile” and $2500 month-to-month “fastened wage”
Becoming a member of Wombia
Wombia affiliate membership is free. Full participation within the connected earnings alternative requires a minimal $25 funding.
Wombia solicits funding in bitcoin, litecoin, dogecoin, bitcoin money, tron and tether.
Wombia Conclusion
Wombia affords up a typical MLM crypto Ponzi advertising and marketing ruse:
Wombia is an funding firm, Our group works on getting cash from the volatility of cryptocurrencies and affords nice returns to our shoppers.
No proof of exterior income technology is supplied.
Moreover Wombia fails the Ponzi logic take a look at. If Wombia already has a group making “nice returns”, what do they want your cash for?
Because it stands the one verifiable income coming into Wombia is new funding.
Utilizing new funding to pay affiliate withdrawals makes Wombia a Ponzi scheme.
As with all Ponzi schemes, when recruitment dries up so too will new funding.
This can starve Wombia of ROI income, ultimately prompting a collapse.
The mathematics behind Ponzi schemes ensures that after they collapse, nearly all of members lose cash.