Jubilee Ace operates within the cryptocurrency MLM area of interest and claims to have been “based in British Virgin Islands in 2018”.
Jubilee Ace represents a person named Tony Jackson is its CEO.
Jackson (proper) doesn’t seem to have a digital footprint outdoors of Jubilee Ace’s web site.
On June ninth Jubilee Ace uploaded a video to its YouTube channel titled “Jubilee Ace International Launch twenty ninth Could 2019”.
Jackson seems within the video so regardless of the inventory like photograph used on Jubilee Ace’s web site, does look like an precise particular person.
Or at the very least somebody taking part in him.
Jubilee Ace’s launch occasion was held in Macau and primarily options what seems to be associates of Asian origin.
Jubilee Ace’s advertising has a notable concentrate on Thailand and Japan.
It’s extremely seemingly that whoever is definitely working Jubilee Ace relies out of Asia itself.
Given the ignorance obtainable on Jackson outdoors of Jubilee Ace, I’m chalking this as much as one other Asians rent actor to entrance their firm state of affairs.
One other attainable state of affairs is “Tony Jackson” and buddies are from Jap Europe.
I’m doubting this although as Jackson and buddies seem to have been given scripts to learn at Jubilee Ace’s launch occasion.
This could require a stage of English proficiency sometimes absent in japanese Europe scammers.
As all the time, if an MLM firm is just not brazenly upfront about who’s working or owns it, suppose lengthy and onerous about becoming a member of and/or handing over any cash.
Jubilee Ace’s Merchandise
Jubilee Ace has no retailable services or products, with associates solely capable of market Jubilee Ace affiliate membership itself.
Jubilee Ace’s Compensation Plan
Jubilee Ace associates enroll and spend money on credit:
- 1 Star – make investments $1000 and obtain 1000 credit
- 2 Star – make investments $3000 and obtain 3000 credit
- 3 Star – make investments $5000 and obtain 5000 credit
- 1 Star Diamond – make investments $10,000 and obtain 10,000 credit
- 2 Star Diamond – make investments $30,000 and obtain 30,000 credit
- 3 Star Diamond – make investments $50,000 and obtain 50,000 credit
Current Jubilee Ace associates are additionally to direclty spend money on Jubilee credit, though pricing is just not supplied.
As soon as invested in, Jubilee Ace associates can both earn a flat return on their credit or park them with the corporate for a better return.
Jubilee Ace pay a each day flat price 0.08% to 0.1% return per credit score.
Whether or not it is a proportion of the $1 charged per credit score invested in or relies on another worth is unclear.
If a Jubilee Ace affiliate opts to park their credit with the corporate, the next each day return charges apply:
- 1 Star and a couple of Star bundle associates – 1% to 1.7% a day
- 3 Star and 1 Star Diamond bundle associates – 1% to 2.2% a day
- 2 Star Diamond and three Star Diamond bundle associates – 1% to 2.7% a day
If an affiliate opts for the upper parked returns, Jubilee Ace costs a 30% price on returns paid.
Annual returns are cited for parked credit, nevertheless whether or not there’s a minimal period of time credit have to be parked for is unclear.
Lastly there additionally seems to be a “compound curiosity” choice, whereby Jubilee Ace pays as much as 1.2% per week on an affiliate’s credit score stability.
Particular particulars are usually not supplied.
On the MLM facet of issues, Jubilee Ace associates are paid to recruit new affiliate traders.
Observe that Jubilee Ace pays 25% of all MLM commissions earned in Jubilee credit.
All Jubilee Ace returns, commissions and bonus withdrawals entice a ten% flat price.
Recruitment Commissions
When a Jubilee Ace affiliate recruits a brand new affiliate investor they obtain a fee.
- 1 Star bundle associates are paid 6%
- 2 Star bundle associates are paid 7%
- 3 Star and 1 Star Diamond bundle associates are paid 8%
- 2 Star Diamond bundle associates are paid 9%
- 3 Star Diamond bundle associates are paid 10%
Residual Commissions
Jubilee Ace pays residual commissions by way of a binary compensation construction.
A binary compensation construction locations an affiliate on the prime of a binary staff, break up into two sides (left and proper):
The primary stage of the binary staff homes two positions. The second stage of the binary staff is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary staff are generated as required, with every new stage housing twice as many positions because the earlier stage.
Positions within the binary staff are crammed by way of direct and oblique recruitment of associates. Observe there is no such thing as a restrict to how deep a binary staff can develop.
On the finish of every day Jubilee Ace tallies up new funding quantity on either side of the binary staff.
Associates are paid a residual fee primarily based on funding quantity match on either side.
- 1 Star bundle associates are paid 6%, capped at 1000 credit
- 2 Star bundle associates are paid 7% capped at 3000 credit
- 3 Star bundle associates are paid 8% capped at 5000 credit
- 1 Star Diamond bundle associates are paid 8% capped at 10,000 credit
- 2 Star Diamond bundle associates are paid 9% capped at 12,500 credit
- 3 Star Diamond bundle associates are paid 10% capped at 15,000 credit
The truth that residual commissions are capped each day primarily based on credit, suggests funds are made in credit ($1 = 1 credit score?).
Arbitrage Bonus
The Arbitrage Bonus is a proportion bonus primarily based on returns paid to downline associates.
- 1 Star bundle associates obtain a 1% Arbitrage Bonus
- 2 Star bundle associates obtain a 2% Arbitrage Bonus
- 3 Star and 1 Star Diamond bundle associates obtain a 3% Arbitrage Bonus
- 2 Star Diamond bundle associates obtain a 4% Arbitrage Bonus
- 3 Star Diamond bundle associates obtain a 5% Arbitrage Bonus
Whether or not the Arbitrage Bonus is just paid on personally recruited associates or the entire downline is unclear.
Management Bonus
The Management Bonus is a one-time rank-based bonus.
- Ace Agent – generate $30,000 of collected funding quantity in your weaker binary staff facet and obtain $300
- Ace Specialist – generate $100,000 of collected funding quantity in your weaker binary staff facet and obtain $2000
- Ace Govt – generate $300,000 of collected funding quantity in your weaker binary staff facet and obtain $9000
- Ace Grasp – generate $500,000 of collected funding quantity in your weaker binary staff facet and obtain $20,000
- Ace Director – generate $1,000,000 of collected funding quantity in your weaker binary staff facet and obtain $50,000
- Ace President – generate $3,000,000 of collected funding quantity in your weaker binary staff facet and obtain an unspecified share of Jubilee Ace company-wide funding income
Becoming a member of Jubilee Ace
Jubilee Ace affiliate membership is tied to funding in one in all six provided packages:
- 1 Star – $1000
- 2 Star – $3000
- 3 Star – $5000
- 1 Star Diamond – $10,000
- 2 Star Diamond – $30,000
- 3 Star Diamond – $50,000
The extra an affiliate invests the upper their revenue potential by way of Jubilee Ace’s compensation plan.
Conclusion
Jubilee Ace markets itself as “the way forward for funding”.
In actuality it’s only a typical MLM Ponzi factors scheme.
Jubilee credit are nugatory outdoors of Jubilee Ace’s MLM alternative. They aren’t publicly tradeable and it’s not even clear whether or not they’re a token or simply credit tracked on a database.
In any occasion, Jubilee Ace are flogging Jubilee credit to their associates for $1 every.
There’s no point out of an inner change in Jubilee Ace’s compensation plan or on their web site.
There must be a way for associates to money out credit although, so both it’s an inner change or simply via the backoffice.
Jubilee Ace claims to generate exterior income via Aqua, a purported cryptocurrency, sports activities and gaming arbitrage bot.
AQUA is monitored, maintained and serviced by an onsite staff of each software program and {hardware} engineers.
Past their advertising pitch nevertheless Jubilee Ace fails to supply proof of arbitrage income really getting used to pay associates.
Moreover regardless of clearly providing a passive funding alternative, Jubilee Ace is just not registered to supply securities in any jurisdiction it operates in.
The corporate affords up a BVI incorporation certificates for “Jubilee Ace Restricted”, nevertheless this isn’t an alternative choice to regulation with monetary regulators.
On this be aware I additionally wish to level out that there’s completely no legit purpose for an MLM firm to include itself within the BVI.
The British Virgin Islands are a scam-friendly jurisdiction with little to no regulation.
From a regulatory due-diligence perspective, BVI incorporation is meaningless.
Mixed with their actor like executives and cliche fly in, fly out music and dance ceremony in Macau, Jubilee Ace brings up loads of purple flags.
With no exterior income supply, Jubilee Ace is just recycling newly invested funds to repay present traders – via a convoluted inner credit scheme.
Using newly invested funds to pay present associates each day returns makes Jubilee Ace a Ponzi scheme.
Commissions paid on affiliate investor recruitment moreover provides a pyramid layer to the scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment slows down so too will new funding.
It will starve Jubilee Ace of return income, finally prompting a collapse.
Being a Ponzi factors scheme, this may see Jubilee Ace’s homeowners and early adopters (featured of their launch video) money out.
Everyone else might be left holding nugatory Jubilee credit they’ll’t do something with.
Replace fifth March 2021 – Jubilee Ace has rebooted as Globalytics Tech Analysis.