Zomoney gives no info on its web site about who owns or runs the corporate.
Zomoney’s web site area (“zomoney.com”) was first registered in 2010.
The registration was final up to date on April seventeenth, 2021. Zomoney’s present web site went dwell on or round June 2021.
Regardless of solely current for just a few months, Zomoney falsely claims it was “began within the 12 months 2018”.
Zomoney’s official Fb web page was created on June 18th, 2021. It’s managed by one consumer in India.
This strongly suggests whoever owns Zomoney relies out of India.
One other chance is the standard Russian/Ukraine scammers. That is primarily based on a July 2021 Zomoney advertising and marketing video, that includes a number of actors with japanese European accents.
Within the video an actor with a robust accent is offered as Zomoney CEO Dave Wiltshire:
Boris CEO actors are a calling card of Russian and Ukrainian scammers.
In an try to masks its Indian and/or japanese European origins, different Zomoney advertising and marketing movies are narrated with a robo voice.
Whereas it’s not talked about on their web site, I observed Zomoney have began to assert they’re “registered within the US” on Fb:
Meaningless as fundamental incorporation can be for due-diligence, so far as I can inform that is one other lie.
Alexa at present ranks prime sources of visitors to Zomoney’s web site because the US (98%) and Moldova (0.6%).
As at all times, if an MLM firm isn’t brazenly upfront about who’s working or owns it, suppose lengthy and onerous about becoming a member of and/or handing over any cash.
Zomoney’s Merchandise
Zomoney has no retailable services or products.
Associates are solely in a position to market Zomoney affiliate membership itself.
Zomoney’s Compensation Plan
Zomoney associates make investments bitcoin on the promise of marketed returns.
- Package deal 1 – make investments $100 to $4999 and obtain 1.5% a day for 200 days
- Package deal 2 – make investments $5000 to $29,999 and obtain 1.75% a day for 200 days
- Package deal 3 – make investments $30,000 to $49,999 and obtain 2% a day for 200 days
- Package deal 4 – make investments $50,000 to $99,999 and obtain 2.25% a day for 200 days
- Package deal 5 – make investments $100,000 to $149,999 and obtain 2.5% a day for 200 days
- Package deal 6 – make investments $150,000 to $300,000 and obtain 3% a day for 200 days
Be aware that whereas USD funding quantities are quoted, Zomoney solely accepts funding in bitcoin.
Additionally be aware that Zomoney solely pays withdrawals on the eleventh and twenty sixth of every month.
A ten% withdrawal price is utilized to all Zomoney affiliate withdrawals.
Referral Commissions
Zomoney associates obtain 10% of bitcoin invested by personally recruited associates.
Residual Commissions
Zomoney pays residual commissions through a binary compensation construction.
A binary compensation construction locations an affiliate on the prime of a binary crew, cut up into two sides (left and proper):
The primary degree of the binary crew homes two positions. The second degree of the binary crew is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary crew are generated as required, with every new degree housing twice as many positions because the earlier degree.
Positions within the binary crew are crammed through direct and oblique recruitment of associates. Be aware there isn’t any restrict to how deep a binary crew can develop.
On the finish of every day Zomoney tallies up new funding quantity on either side of the binary crew.
Associates earn 10% of recent quantity on their weaker binary crew facet.
Be aware that residual commissions are capped primarily based on how a lot a Zomoney affiliate has invested:
- Package deal 1 tier associates earn as much as $2000 a day
- Package deal 2 tier associates earn as much as $3000 a day
- Package deal 3 tier associates earn as much as $5000 a day
- Package deal 4 tier associates earn as much as $12,500 a day
- Package deal 5 tier associates earn as much as $20,000 a day
- Package deal 6 tier associates earn as much as $40,000 a day
As soon as paid out on, funding quantity is matched towards the stronger binary crew facet and flushed.
Leftover quantity on the stronger binary crew facet carries over.
Becoming a member of Zomoney
Zomoney affiliate membership is free.
Be aware that full participation within the hooked up earnings alternative requires a minimal $100 funding in bitcoin.
Conclusion
Zomoney claims it generates exterior income through cryptocurrency buying and selling.
We use (ZO) AI buying and selling bots that are specifically designed for ZoMoney.
No proof of buying and selling is supplied. Neither is there any proof of Zomoney utilizing exterior income of any form to pay withdrawals.
Because it stands the one verifiable income coming into Zomoney is new funding.
Utilizing new funding to pay withdrawals makes Zomoney a Ponzi scheme.
As with all Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This can starve Zomoney of ROI income, ultimately prompting a collapse.
The mathematics behind Ponzi schemes ensures that once they collapse, nearly all of members lose cash.