Vexa World supplies no info on its web site about who owns or runs the enterprise.
The corporate’s web site does have an “about us” part, nevertheless it seems to be crammed with baloney.
On July 16, 2015 – Ernest Bogdanov based World Associate LLC. Makes use of his personal expertise gained throughout his skilled profession.
The corporate makes a speciality of offering monetary evaluation and creating analytical instruments for the foreign exchange market.
In 2016, the corporate entered to a brand new blockchain expertise sector.
As everyone knows this was a breakthrough yr for all crypto fans. Ernest and his analytic staff precisely know when to enter the market and take huge income of it.
Ernst Bogdanov’s digital footprint consists of a Fb profile that includes an apparent inventory photograph.
There isn’t a content material revealed to the account, suggesting it was bought.
In an try to feign legitimacy, Vexa World supplies supposed incorporation paperwork for “World Associate LLC”. That is an precise incorporation.
Placing apart there is no such thing as a verifiable hyperlink between World Associate LLC and Vexa World, the registered agent for the incorporation is Valis Group Inc.
The provided tackle for Valis Group Inc. is a digital workplace. Additional analysis reveals Valis Group supplies Delaware incorporation companies.
In an April twenty sixth information replace, Vexa World wrote;
In the mean time, our firm is ready for a license issued by the federal government in Estonia to handle the cryptocurrency market and the ATM community on this planet!
In a publish revealed to the official Vexa World Fb profile lower than 24 hours in the past, the corporate invited
all leaders who wish to be with us in Tallinn, please contact our help.
What needs to be apparent is that Ernest Bogdanov doesn’t exist, and Vexa World has no operations within the US.
Whoever is operating Vexa World is probably going based mostly out of Estonia or a neighboring nation.
I did come throughout a feud that prompt Vexa World may be a by-product of the Exp Asset Ponzi scheme.
In keeping with an April thirteenth official Exp Asset Fb publish, Vexa World is run by Piotr Badynski.
Within the publish Exp Asset proprietor Patryk Krupinski claims Badynski tried to blackmail him.
Krupinski claims he verified this, by cross-referencing the blackmail e mail tackle towards the Exp Asset affiliate database.
The Exp Asset account with an identical e mail lists Badynski of Vexa World because the proprietor.
Krupinski additionally credit Badynski as proprietor of the collapsed CryptoTek Ponzi scheme. In keeping with Exp Asset Badynski is predicated out Poland and the Ukraine, which inserts our estimated admin profile.
Be mindful that is one Ponzi scheme seemingly calling out a competitor, so make of it what you’ll.
I personally wasn’t in a position to confirm Badyinski is the proprietor of Vexa World. I’ve included the above within the absence of knowledge revealing another Vexa World proprietor.
Replace twenty first August 2019 – A paper path has revealed Vexa World is probably going owned by Polish serial scammer Pawel Wojnicz. /finish replace
As at all times, if an MLM firm shouldn’t be brazenly upfront about who’s operating or owns it, suppose lengthy and laborious about becoming a member of and/or handing over any cash.
Vexa World Merchandise
Vexa World has no retailable services or products, with associates solely in a position to market Vexa World affiliate membership itself.
The Vexa World Compensation Plan
Vexa World associates make investments funds on the promise of an marketed 1% each day ROI:
- Fundamental – make investments $50 to $999 and obtain a 130% ROI over 130 days
- Premium – make investments $1000 to $9999 and obtain a 150% ROI over 150 days
- Unique – make investments $10,000 to $100,000 and obtain a 180% ROI over 180 days
Vexa World Affiliate Ranks
There are fourteen affiliate ranks inside Vexa World’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Begin – join as a Vexa World affiliate
- Newbie – make investments a minimum of $100 and generate a minimum of $10,000 in downline funding
- Junior Agent – make investments a minimum of $200 and generate a minimum of $30,000 in downline funding
- Agent – make investments a minimum of $500 and generate a minimum of $60,000 in downline funding
- Senior Agent – make investments a minimum of $1000 and generate a minimum of $120,000 in downline funding
- Junior Supervisor – make investments a minimum of $2500, personally recruit and keep a minimum of one Senior Agent or two Brokers, and generate a minimum of $250,000 in downline funding
- Supervisor 1 – make investments a minimum of $5000, personally recruit and keep a minimum of one Junior Supervisor or two Senior Brokers, and generate a minimum of $500,000 in downline funding
- Supervisor 2 – make investments a minimum of $7500, personally recruit and keep a minimum of one Supervisor 1 or two Junior Managers, and generate a minimum of $1,000,000 in downline funding
- Junior Director – make investments a minimum of $12,500, personally recruit and keep a minimum of one Supervisor 2 or two Supervisor 1s, and generate a minimum of $3,000,000 in downline funding
- Director – make investments a minimum of $20,000, personally recruit and keep a minimum of one Junior Director or two Supervisor 2s, and generate a minimum of $5,000,000 in downline funding
- Senior Director – make investments a minimum of $30,000, personally recruit and keep a minimum of one Director or two Junior Administrators, and generate a minimum of $10,000,000 in downline funding
- President – make investments a minimum of $50,000, personally recruit and keep a minimum of one Senior Director or two Administrators, and generate a minimum of $20,000,000 in downline funding
- Senior President – keep a minimum of $50,000 in invested funds, personally recruit and keep a minimum of one President or two Senior Administrators, and generate a minimum of $40,000,000 in downline funding
- Basic President – keep a minimum of $50,000 in invested funds, personally recruit and keep a minimum of one Senior President or two Presidents, and generate a minimum of $100,000,000 in downline funding
Vexa World monitor funding quantity through a unilevel staff (see residual commissions beneath for extra info).
Notice that not more than 50% of rank required downline funding could be sourced from anyone unilevel staff leg.
Referral Commissions
Vexa World pays referral commissions on funds invested by personally recruited associates.
Referral fee charges are decided by rank:
- Begin associates earn a 6% referral fee charge
- Newbie associates earn an 8% referral fee charge
- Junior Agent associates earn an 10% referral fee charge
- Agent associates earn a 11% referral fee charge
- Senior Agent associates earn a 12% referral fee charge
- Junior Supervisor associates earn a 13% referral fee charge
- Supervisor 1 associates earn a 14% referral fee charge
- Supervisor 2 associates earn a 14.5% referral fee charge
- Junior Director associates earn a 15% referral fee charge
- Director associates earn a 15.5% referral fee charge
- Senior Director associates earn a 16% referral fee charge
- President associates earn a 16.5% referral fee charge
- Senior President associates earn a 17% referral fee charge
- Basic President associates earn an 18% referral fee charge
Residual Commissions
Vexa World pays residual commissions through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel staff, with each personally recruited affiliate positioned immediately underneath 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.
Residual commissions are paid out on the similar charge as referral commissions, once more based mostly on rank.
The distinction with residual commissions is that when an funding is made anyplace within the unilevel staff, 18% is put apart for commissions.
The referring affiliate receives their referral fee charge (based mostly on rank), with the remaining paid out as a residual fee.
E.g. A Director in your unilevel staff recruits somebody who invests $1000.
The Director receives their 15.5% referral fee, leaving 2.5% to pay out residually.
The system searches upline for a Senior Director or larger ranked affiliate to pay the two.5% stability out to.
- if a Senior Director is discovered first, they’re paid 0.5% (16% – 15.5%) and the system continues to go looking upline for a President or larger ranked affiliate;
- if a President is discovered first, they’re paid 1% (16.5% – 15.5%) and the system continues to go looking upline for a Senior or Basic President;
- if a Senior President is discovered first, they’re paid 1.5% (17% – 15.5%) and the system continues to go looking upline for a Basic President to pay the remaining 1% out too;
- if a Basic President is discovered first, they’re paid all the remaining 2.5% stability.
Notice that funding made by associates recruited by Basic Presidents don’t generate residual fee quantity.
It’s because Basic Presidents obtain the utmost out there 18% fee charge on investments as a referral fee.
Rank Achievement Bonus
Vexa World rewards associates for qualifying from the Newbie rank with the next one-time Rank Achievement Bonuses:
- qualify at Newbie and obtain $200
- qualify at Junior Agent and obtain $500
- qualify at Agent and obtain $1000 or an iPhone XS Max
- qualify at Senior Agent and obtain $1000 or a MacBook Professional
- qualify at Junior Supervisor and obtain $5000
- qualify at Supervisor 1 and obtain a Rolex watch
- qualify at Supervisor 2 and obtain $15,000
- qualify at Junior Director and obtain $25,000 plus an Audi A4
- qualify at Director and obtain $40,000 plus an Audi A5
- qualify at Senior Director and obtain $60,000 plus an Audi A6
- qualify at President and obtain $120,000 plus an Audi A7
- qualify at Senior President and obtain $180,000 plus an Audi A8
- qualify at Basic President and obtain $400,000 plus a Bentley Continental GT
Becoming a member of Vexa World
Vexa World affiliate membership is free.
Full participation within the Vexa World revenue alternative nevertheless requires upkeep of a minimum of $50,000 in personally invested funds.
Conclusion
Vexa World claims to generate exterior ROI income from bitcoin ATM charges.
As above, there are additionally plans to generate exterior ROI income through change charges and a buying and selling bot.
Notice that there is no such thing as a proof of Vexa World producing exterior ROI income from any supply.
With respect to bitcoin ATM licenses in Estonia, at the beginning now we have to imagine that’s not bullshit to start with.
A tall order, contemplating all the things else concerning Vexa World’s company construction seems to be made up.
Even when we give the corporate the good thing about the doubt, with the intention to confirm exterior ROI income era, the corporate would nonetheless must submit audited accounting reviews to monetary regulators.
In what seems to be Vexa World’s high investor market in the meanwhile, Belgium, for instance, the corporate would want to register itself with the Monetary Companies and Markets Authority.
As I write this, Vexa World supplies no indication on its web site that it has registered with the FSMA or every other monetary regulator.
As an alternative of working legally, Vexa World claims it doesn’t must register.
Why?
VEXA GLOBAL HAVE LICENSES?
Since Vexa World platform shouldn’t be an funding fund or a dealer, and doesn’t handle funds of third events we don’t must acquire a license of any type.
With three passive funding tiers on provide, fairly clearly that declare is baloney.
Considerably mockingly, Vexa World additionally claims it does
not wish to be one other firm which might be many within the business, which with out license fake to buying and selling cryptocurrencies. Firmly watch out for such a fraud.
But right here we’re.
It needs to be fairly apparent by now that Vexa World is one more MLM crypto Ponzi scheme.
As with all Ponzi schemes, as soon as affiliate recruitment dies down so too will invested funds.
It will starve Vexa World of ROI income, ultimately prompting a collapse.
Assuming it doesn’t collapse previous to December 2019, Vexa World have laid out their eventual exit-scam technique.
As per the roadmap above, Vexa World plans to launch an ICO token on or round December 2019.
The token is presently penciled in as “Vexa Coin”.
You must all be acquainted with the MLM ICO exit-scam mannequin by now, however for these of you who aren’t;
When funding runs dry Vexa Coin will cease paying folks with actual cash and swap to Vexa Coin tokens.
They’ll then work in the direction of getting Vexa Coin listed on an change, sometimes some dodgy change no one has ever heard of, or one which’s rip-off pleasant (pay to checklist).
Vexa World’s admins then announce the itemizing, which creates pump hype.
When Vexa Coin lists associates are inspired to take a seat on their tokens, as a result of the value will proceed to go up.
On the backend Vexa World’s admins will likely be promoting off as a lot as they will.
After the preliminary pump comes the dump, and Vexa Coin will backside out in the direction of zero.
Whereas that is taking place the admins do a runner, leaving Vexa World bagholder associates with one other ‘sorry in your loss’.