Dunamis Mining gives no data on its web site about who owns or runs the enterprise.
The Dunamis Mining web site area (“dunamismining.com”) was privately registered on October twenty sixth, 2018.
Additional analysis reveals Dunamis Mining associates naming Jeremie Sowerby (proper) as CEO of the corporate.
In accordance with Sowerby’s private Fb profile, he’s based mostly out of Ontario, Canada.
Regardless of this, Dunamis Mining represents that it’s an Arizona Restricted Legal responsibility Firm.
A search of the Arizona Company Fee does reveal an entry for Dunamis Mining LLC, nevertheless it as has been inactive since January seventeenth, 2019.
The acknowledged cause for Dunamis Mining LLC’s inactive standing is “incomplete formation”.
As such, exterior of a non-active US shell firm, Dunamis Mining doesn’t seem to have any registered enterprise operations within the US.
Owing to Jeremie Sowerby being based mostly out of Canada, it’s assumed Dunamis Mining can also be being operated out of Canada.
In 2017, Jeremie Sowerby was selling My Dealer Coin.
My Dealer Coin touted $550 day returns via cryptocurrency buying and selling. In actuality it was a Ponzi scheme and collapsed round six months after launch.
Previous to getting concerned in cryptocurrency scams, Sowerby was a Kyani affiliate via Staff Fusion.
Learn on for a full evaluate of the Dunamis Mining MLM alternative.
Dunamis Mining Merchandise
Dunamis Mining has no retailable services or products, with associates solely capable of market Dunamis Mining affiliate membership itself.
The Dunamis Mining Compensation Plan
Dunamis Mining associates make investments funds on the promise of a each day passive return.
- make investments $1400 and obtain a each day ROI for one yr
- make investments $3200 and obtain a each day ROI for 3 years
- make investments $4200 and obtain a each day ROI for 5 years
Extra electrical energy charges are additionally charged after one, three and 6 months respectively.
The MLM facet of Dunamis Mining pays associates who’ve invested to recruit others who do the identical.
All returns and commissions in Dunamis Mining are paid out in bitcoin.
Dunamis Mining Affiliate Ranks
There are twelve affiliate ranks inside the Dunamis Mining compensation plan.
Together with their respective qualification standards, they’re as follows:
- Affiliate – join as a Dunamis Mining affiliate and make investments
- Prospector – generate 10,000 GV in downline funding quantity
- Bronze – generate 25,000 GV in downline funding quantity
- Silver – generate 50,000 GV in downline funding quantity
- Gold – generate 100,000 GV in downline funding quantity
- Platinum – generate 200,000 GV in downline funding quantity
- Titanium – generate 300,000 GV in downline funding quantity
- Govt – generate 500,000 GV in downline funding quantity
- Director – generate 1,000,000 GV in downline funding quantity
- Vice President – generate 2,500,000 GV in downline funding quantity
- Senior Vice President – generate 5,000,000 GV in downline funding quantity
- Chairman – make investments 10,000,000 GV in downline funding quantity
GV stands for “Group Quantity” and is gross sales quantity generated by way of funding of immediately and not directly recruited associates (collectively known as a downline).
Notice that the Dunamis Mining compensation plan doesn’t disclose corresponding GV to invested funds.
Recruitment Commissions
Dunamis Mining pays recruitment commissions by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel crew, with each personally recruited affiliate positioned immediately below them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel crew.
If any stage 2 associates recruit new associates, they’re positioned on stage 3 and so forth and so forth down a theoretical infinite variety of ranges.
Dunamis Mining cap payable recruitment commissions down 4 unilevel crew ranges.
Recruitment commissions are paid out as a proportion of funds invested throughout these 4 ranges as follows:
- stage 1 (personally recruited associates) – 15%
- ranges 2 to 4 – 1%
Residual Commissions
Dunamis Mining pays residual commissions by way of a binary compensation construction.
A binary compensation construction locations an affiliate on the high of a binary crew, cut up into two sides (left and proper):
The primary stage of the binary crew homes two positions. The second stage 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 stage housing twice as many positions because the earlier stage.
Positions within the binary crew are crammed by way of direct and oblique recruitment of associates. Notice there is no such thing as a restrict to how deep a binary crew can develop.
Funding quantity is tallied up on each side of the binary crew.
Dunamis Mining associates are paid a proportion of funds generated on their weaker binary crew facet.
How a lot of a residual fee proportion is paid out is decided by how a lot a Dunamis Mining affiliate has invested:
- make investments $1400 and receives a commission a ten% residual fee price
- make investments $3200 and receives a commission a 12% residual fee price
- make investments $4200 and receives a commission a 15% residual fee price
Notice that Dunamis Mining’s compensation plan doesn’t state whether or not residual commissions are paid out each day, weekly or month-to-month.
Matching Bonus
Dunamis Mining associates are paid a 5% Matching Bonus on “whole earnings” paid to personally recruited associates.
Enrollment Bonus Swimming pools
Dunamis Mining takes 6% of company-wide funding quantity and locations it into three separate Enrollment Bonus Swimming pools.
- Gold and better ranked associates obtain a share in a single 2% pool
- Govt and better ranked associates obtain a share in two 2% swimming pools
- VP and better ranked associates obtain a share in all three 2% swimming pools
Rank Achievement Bonuses
Ranging from the Prospector rank, Dunamis Mining associates obtain the next Rank Achievement Bonuses upon qualification;
- qualify as a Prospector = $500
- qualify as a Bronze = $750
- qualify as a Silver = $1250
- qualify as a Gold = a “semi-annual all bills paid dream journey within the continental US”
- qualify as a Platinum = $5000
- qualify as a Titanium = $5000 (not a typo)
- qualify as an Govt = a “one time all bills paid island vacation spot luxurious trip”
- qualify as a Director = a “new Tesla Mannequin 3 luxurious automobile”
- qualify as a Vice President = a “new Tesla Mannequin S luxurious automobile”
- qualify as a Senior Vice President = a “new Lincoln Navigator (black label version)”
- qualify as a Chairman = a “new Bentley Continental GT (W12 engine)”
Becoming a member of Dunamis Mining
Dunamis Mining affiliate membership is tied to a $1400, $3200 or $4200 funding.
The extra an affiliate invests the upper their earnings potential by way of the Dunamis Mining compensation plan.
Conclusion
By their very own admission, Dunamis Ming and their associates are advertising and marketing a passive funding alternative:
DUNAMIS IS “CRYPTO MINING SIMPLIFIED”
TOTALLY TURN KEY SYSTEM!
WHAT’S YOUR ROLE?
– BUY IT
– SIT BACK AND RELAX
– MAKE HUGE PROFITS
A MLM firm providing a passive funding alternative constitutes a safety, which within the US requires registration with the SEC.
On the time of publication neither Dunamis Mining or Jeremie Sowerby are registered with the SEC.
By not registering with the SEC, Dunamis Mining, Sowerby and promoters of the scheme are committing securities fraud.
On the time of publication, Alexa estimates the US is the one important supply of visitors to the Dunamis Mining web site (23%).
Moreover Dunamis Mining is fraudulently representing it’s an Arizona Restricted Legal responsibility firm, and that it’s “approved to conduct enterprise all through america”.
Dunamis Mining, LLC (“Dunamis”) is an Arizona Restricted Legal responsibility Firm that leases “H.C.S.M.S.” area a.okay.a (Excessive Capability Safe Mining House) and applied sciences for the only real goal of mining cryptocurrencies.
Dunamis is allowed to conduct enterprise all through america of America and is in full compliance with all state and federal legal guidelines, statutes and laws.
It is a flat-out lie. The Arizona firm is inactive and Dunamis Mining isn’t registered with the SEC.
Notice that even when the Arizona incorporation was energetic, that also doesn’t authorize Dunamis Mining to supply securities within the US.
There may be additionally no indication Dunamis Mining has registered with securities regulators in another jurisdiction, which means the corporate is working illegally the world over.
As per Dunamis Mining’s advertising and marketing materials, the corporate claims to generate ROI income via cryptocurrency mining operations.
Two properties Dunamis Mining claims to personal in Arizona are owns are “6760 S. Clementine Ct, Tempe, Az 85283” and an undisclosed location in “Pine High farm, in Pinetop, AZ”.
Notice that these claims alone are usually not sufficient to fulfill securities laws.
Nor are they an alternative to audited accounting, which Dunamis Mining can be required to file in the event that they had been registered with the SEC.
The identical is true of social media advertising and marketing fodder, similar to photographs of purported mining {hardware} and/or farms.
Given Dunamis Mining LLC has been inactive in Arizona since January, they’ve had loads of time to appropriate the submitting and register with the SEC.
In actual fact this could have been achieved earlier than funding was solicited from the general public.
As a substitute we’ve Dunamis Mining soliciting funding illegally, on unsubstantiated guarantees and lies.
There is just one cause for Jeremie Sowerby to proceed to function Dunamis Mining as a fraudulent operation – and that’s that the corporate isn’t doing what it says it’s doing.
Because it stands the one verifiable income getting into Dunamis Mining is new funding.
Utilizing newly invested funds to pay current associates a each day ROI makes Dunamis Mining a Ponzi scheme.
Commissions paid on downline invested funds additionally provides a pyramid layer to the scheme.
Pay to play can also be evident, with how a lot an affiliate investing immediately impacting MLM commissions paid out.
As with all Ponzi schemes, as soon as affiliate recruitment slows down so too will invested funds.
It will starve Dunamis Mining of ROI income, ultimately prompting a collapse.
The maths behind Ponzi schemes ensures that after they collapse, the vast majority of individuals lose cash.
Replace sixteenth December 2023 – Dunamis Mining and Dunamis World Tech proprietor Jeremie Sowerby has been indicted.