Hedger Tech operates throughout the cryptocurrency MLM space of curiosity. Except for an email correspondence sort out, the company provides no contact data.
Hedger Tech don’t current administration particulars on their site, nevertheless their whitepaper cites Leo Bathan as Chairman and CEO.
Bathan doesn’t have a digital footprint exterior of the Hedger Tech whitepaper, which I’m flagging as extraordinarily suspicious.
Each Bathan doesn’t exist or is being represented by any person with a particular establish (generally a stolen image or an actor is used).
The Hedger Tech site space (“hedger.tech”) was privately registered on Might 18th, 2018.
Hedger Tech moreover run Hedger Mining, by the use of which affiliate funding is solicited by the use of.
The Hedger Mining site space (“hedgermining.com”) was privately registered on September 14th, 2018.
As on a regular basis, if an MLM agency should not be overtly upfront about who’s working or owns it, suppose prolonged and laborious about turning into a member of and/or handing over any money.
Hedger Tech Merchandise
Hedger Tech has no retailable providers or merchandise, with associates solely able to market Hedger Tech affiliate membership itself.
The Hedger Tech Compensation Plan
Hedger Tech associates make investments funds on the promise of an marketed ROI.
- Starter – make investments $500 or additional and procure a 19.58% month-to-month ROI
- Bronze – make investments $2500 or additional and procure a 21.25% month-to-month ROI
- Silver – make investments $5000 or additional and procure a 23.33% month-to-month ROI
- Gold – make investments $10,000 or additional and procure a 27.5% month-to-month ROI
- Authorities – make investments $25,000 or additional and procure a 29.58% month-to-month ROI
- Champion – make investments $50,000 or additional and procure a 31.67% month-to-month ROI
- Director – make investments $100,000 or additional and procure a 33.75% month-to-month ROI
Hedger Tech funding is coordinated by the use of the company’s Hedger Mining site.
Although not explicitly clarified by Hedger Tech, I think about ROIs are paid in Hedger Coin.
Hedger Coin is an ethereum based erc-20 altcoin Hedger Tech created. It holds no price exterior of Hedger Tech itself.
Referral Commissions
Hedger Tech pays referral commissions by way of a unilevel compensation development.
A unilevel compensation development places an affiliate on the excessive of a unilevel group, with every personally recruited affiliate positioned immediately beneath them (diploma 1):
If any diploma 1 associates recruit new associates, they’re positioned on diploma 2 of the distinctive affiliate’s unilevel group.
If any diploma 2 associates recruit new associates, they’re positioned on diploma 3 and so forth and so forth down a theoretical infinite number of ranges.
Hedger Tech cap payable unilevel group ranges at 4.
Referral commissions are paid as a share of funds invested all through these 4 ranges as follows:
- diploma 1 (personally recruited associates) – 25% (payable 30 days from funding date)
- diploma 2 – 20% (payable 60 days from funding date)
- diploma 3 – 15% (payable 90 days from funding date)
- diploma 4 – 10% (payable 120 days from funding date)
Changing into a member of Hedger Tech
Hedger Tech affiliate membership is free.
Full participation throughout the linked MLM different nonetheless requires a minimal $500 funding.
Conclusion
Hedger Tech markets their Hedger shitcoin as an “insurance coverage protection coin”.
We’re going to make Hedger as a result of the go-to cryptocurrency hedge instrument, an“insurance coverage protection coin,” for merchants to deal with its cryptocurrency risks.
The elemental idea is you change bitcoin into Hedger Coin (HDR) and are thus “insured” from bitcoin volatility.
Hedger Tech’s official clarification as to how this works is on the suitable. See in case you may spot the apparent downside.
As per the occasion, you modify 0.073120 BTC into HDR on June 1st.
BTC declines all by way of the month, nevertheless Hedger Tech nonetheless pays you the June 1st change payment everytime you change once more into BTC on June twenty fourth.
This works on the concept Hedger Tech locks away deposited BTC and simply returns it when the time comes.
That’s not the case though. And even when it was, the investor nonetheless takes a loss because of their BTC isn’t worth what it was on June 1st.
In summary: Hedger Tech’s “insurance coverage protection” claims are a load of baloney.
On excessive of that Hedger Tech are committing securities fraud by way of their Hedger Mining funding scheme.
Hedger Tech associates make investments funds on the promise of very specific ROI portions.
The company claims to generate exterior ROI revenue by way of
a longtime enterprise model utilized by enterprise specialists in insurance coverage protection and hedge funds.
Naturally Hedger Tech fails to provide proof of any such enterprise fashions present.
What you’re left with is new funding being the one verifiable revenue moving into Hedger Tech.
The utilization of newly invested funds to pay present associates a ROI makes Hedger Tech a Ponzi scheme.
Not withstanding securities fraud by way of Hedger Mining passive returns.
On their site Hedger Tech provides no indication they’ve registered their Hedger Mining securities offering with regulators in any jurisdiction they operate in.
Cagayan Monetary Zone Authority (CEZA) is touted as a regulatory companion on the Hedger Tech site.
From what I can inform CEZA is barely a free commerce monetary zone being prepare contained in the Philippines.
Whereas CEZA has ties to the Philippine authorities, it is not a securities regulator. Nor does CEZA have any jurisdiction exterior of the designated zone itself.
The one “insurance coverage protection” Hedger Tech affords is to themselves, by way of inside manipulation of their HDR shitcoin.
Naturally Hedger Coin is pitched to associates as having an ever-increasing price.
Surely Hedger Coin, which costs Hedger Tech little to nothing to generate, is used to control what it owes to merchants on paper.
And when all of it goes to crap (invested funds are exhausted), Hedger Tech’s anonymous homeowners exit-scam by each
- dropping the inside price of Hedger Coin to zero and doing a runner; or
- getting HDR listed on some dodgy public change and doing a runner.
Each technique invested funds are misplaced. All Hedger Tech’s bagholder associates should current for his or her investments are worthless HDR.
Seeing as Hedger Tech can’t be straight about its administration and even from the place the company is operated from, it appears to have been constructed from fraud in ideas from the underside up.
This ensures most losses for the Hedger Tech’s merchants. It moreover leaves them with little to no recourse for restoration on collapse.
Change sixth February 2021 – Hedger Tech was part of Kristijan Krstic’s $70 million dollar+ Ponzi empire.
Krstic was arrested in Serbia on behalf of US authorities in mid 2020.