HelixxMine gives no data on their web site about who owns or runs the enterprise.
The HelixxMine web site area (“helixxmine.com”) was registered on March seventh, 2018.
“Helixx Mine” is listed because the proprietor, by a residential tackle in London, UK.
The identical tackle seems on HelixxMine’s web site, in addition to an incorparation quantity that corresponds with “Helix International Co LTD” (Could 2018).
UK incorporation is grime low cost and for probably the most half unregulated. It’s a favourite for scammers trying to incorporate dodgy corporations.
On their web site HelixxMine claims its
mining facility is predicated in South East Asia.
We have now places of work in Thailand and Indonesia who deal with our Asia Pacific clientele in addition to a registered firm in the UK who offers with our European shoppers.
No proof of any of HelixxMine’s advertising and marketing claims are supplied.
On the time of publication Alexa cites Iran as the highest supply of site visitors to the HelixxMine web site (18%).
As all the time, if an MLM firm isn’t overtly upfront about who’s operating or owns it, suppose lengthy and onerous about becoming a member of and/or handing over any cash.
HelixxMine Merchandise
HelixxMine has no retailable services or products, with associates solely capable of market HelixxMine affiliate membership itself.
The HelixxMine Compensation Plan
HelixxMine associates make investments funds on the promise of an marketed ROI.
A ROI calculator is supplied on the HelixxMine web site:
- an funding of $100 corresponds with a $24.68 month-to-month ROI
- an funding of $1010 corresponds with a $249.32 month-to-month ROI
- an funding of $10,000 corresponds with a $2468.49 month-to-month ROI
From this we will calculate HelixxMine are guaranteeing a month-to-month ROI of about 24% to 25%.
Residual Commissions
HelixxMine pay associates residual commissions through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel workforce, 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 workforce.
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.
HelixxMine cap residual commissions down 5 unilevel workforce ranges.
Residual commissions are paid out as a share of invested funds throughout these 5 ranges as follows:
- degree 1 (personally recruited associates) – 10%
- degree 2 – 4%
- ranges 3 – 2%
- ranges 4 and 5 – 1%
HelixxMine associates who qualify for Platinum standing obtain an elevated 10.8% degree 1 fee price.
HelixxMine don’t present Platinum standing qualification standards.
Becoming a member of HelixxMine
HelixxMine affiliate membership is free.
The minimal funding quantity supplied on the corporate’s ROI calculator is $20.
Conclusion
HelixxMine presents itself as your typical unlawful MLM cryptocurrency unregistered securities providing.
The corporate clearly guarantees a passive ROI, on high of pyramid recruitment commissions paid on new funding.
HelixxMine usually are not registered to supply securities in any jurisdiction they function in.
The truth is in considerably laughable style, HelixxMine leaves regulatory due-diligence as much as its traders;
Is that this authorized?
Some nations have legal guidelines pertaining to crytptocurrency [sic] which have to be adhered to.
Please familiarize your self along with your nations laws earlier than persevering with to make use of HelixxMine’s companies.
To be clear, with out applicable registration with securities regulators, HelixxMine is committing securities fraud in each jurisdiction it solicits funding in.
With respect to ROI income era, HelixxMine claims to be producing income through cryptocurrency mining.
That is one thing they’d be required to offer documentation on if legally registered, therefore the necessity to function illegally.
Because it stands the one verifiable income coming into HelixxMine is new affiliate funding.
Using new funding to pay present associates a ROI makes HelixxMine a Ponzi scheme.
As with all Ponzi schemes, as soon as affiliate recruitment dies down HelixxMine can be unable to fulfill its ROI obligations.
At that time the corporate has an ICO exit-scam deliberate;
We consider wholeheartedly that Cryptocurrency will dominate all currencies sooner or later.
Our purpose is simple: develop this business! 2018 will see the inclusion of Helixxpay – our very personal pockets and alternate platform, and Helixxcoin – our ICO and the beginning of the corporate enlargement.
Helixxcoin will possible first floor as the one out there ROI fee technique.
HelixxMine will then pump it internally with the same old guarantees of “lambo to the moon” riches, earlier than doing a runner with what’s left of the actual cash invested.
HelixxMine associates can be left holding one more rubbish altcoin, which they’ll dump on one another by Helixxpay till the worth inevitably crashes to $0.
So the MLM cryptocurrency heist continues…