A reader lately tipped me off to an replace to Daxio’s MLM providing.
Daxio, as reviewed on BehindMLM in Could 2020, is the fourth reboot of the World Recreation Enviornment Ponzi scheme.
Six months or thereabouts after that overview was printed, Daxio added “SportsBot” to its unregistered securities providing.
SportsBot, initially going by “DaxioBot”, is your typical buying and selling bot Ponzi ruse.
Whereas most buying and selling bots are hooked up to foreign exchange or cryptocurrency, Daxio represents SportsBot “trades odds on a number of sports activities exchanges a number of occasions every day”.
That is in any other case often known as arbitrage.
You don’t want any data of sports activities, groups, outcomes or statistics.
Make your deposit, push a button, and let the SportsBot do the job!
The above is from an official Daxio advertising presentation. It clearly spells out an securities providing.
Entry to SportsBot is tied to Daxio membership, spanning €99 to €1999 EUR.
- Starter – €99 EUR to enroll and may make investments as much as €999 EUR in SportsBot
- Enterprise – €599 EUR to enroll and may make investments as much as €4999 EUR in SportsBot
- Enterprise Professional – €1999 EUR to enroll and may make investments as much as €10,000 EUR in SportsBot
Funds invested into SportsBot are tied up for 26 weeks.
Returns, purportedly derived from bot exercise, are paid weekly.
How a lot of a return is paid out is tied to how a lot a Daxio affiliate has invested into SportsBot:
- make investments €10 to €999 EUR and obtain 25% of the purported SportsBot every day income quantity
- make investments €1000 to €4999 EUR and obtain 50% of the purported SportsBot every day income quantity
- make investments €5000 EUR or extra and obtain 70% of the purported SportsBot every day income quantity
SportsBot promoter Janos Lucsik claims SportsBot has “made about 9 % revenue in each single week”.
Lucsik additionally claims SportsBot has not generated a single loss day over the previous yr.
On the MLM facet of issues, Daxio pays an identical fee on returns paid to downline associates.
These commissions are paid through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel staff, with each personally recruited affiliate positioned immediately below 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.
Daxio caps payable unilevel staff commissions at 5:
- degree 1 (personally recruited associates) – 5%
- degree 2 – 4%
- degree 3 – 3%
- degree 4 – 2%
- degree 5 – 1%
Word that whereas charges and funding quantities are quoted in euro, Daxio solicits funding in bitcoin. Returns and fee funds are made in tether.
From a floor degree regulatory perspective, Daxio is committing securities fraud. That is unlawful in virtually each nation on the planet.
Given SportsBot is technically the fifth reboot of World Recreation Enviornment, it’s additionally possible a Ponzi scheme.
Daxio’s launch mannequin was a straight continuation of BetPlay365, the third World Recreation Enviornment reboot.
That mannequin had already flopped, prompting SportsBot’s introduction ~6 months into Daxio.
With heavy payout restrictions and funds locked up for half a yr, SportsBot hasn’t unravelled but.
Even if you happen to take the claims at face worth; a buying and selling bot producing ~9% every week that hasn’t generated a loss in a yr, quickly provides as much as infinity cash.
In any occasion it’s definitely not one thing you’d promote entry to for a few euro.
The one title publicly hooked up to Daxio is co-founder Frode Jorgensen.
Jorgensen, initially from Norway, relocated to Thailand some years in the past.
Replace twenty fifth August 2022 – Daxio has rebranded its securities fraud providing round NFT gaming.