Affluence Community, to not be confused with The Affluence Community, operates within the cryptocurrency MLM area of interest.
The corporate doesn’t present any contact particulars on its web site.
Heading up Affluence Community is Boris Smitski.
Smitski has a distinctly European accent nevertheless I’m having bother inserting it. It’s not as apparent because the jap European accents we usually see with Boris CEOs.
In a single Affluence Community advertising and marketing video, Smitski claims he’s ‘been working on the planet of finance for the previous fifteen years.’
In attempting to confirm this declare (which I couldn’t), I got here throughout Golden Money.
The ruse behind Golden Money is an funding alternative supposedly backed by jewellery shops in Turkey.
Curiously, Smitski is introduced as Golden Money’s “head of gross sales on foreign exchange”.
He’s additionally apparently an “American entrepreneur”:
From the accent alone that is fairly clearly bullshit (together with the remainder of the bio).
How do I do know this?
Right here’s a photograph of “Boris Smitski” attending a “house love” themed occasion at Arma17, circa 2014:
Arma17 is a nightclub in Moscow, Russia.
Golden Money’s enterprise mannequin was easy: make investments $100 to $50,000 and accumulate a weekly ROI:
As to who’s actually working Golden Money, the corporate’s official Fb web page factors to Ukraine.
As above, Golden Money launched in late 2020. Alexa site visitors charts to Golden Money’s web site recommend the Ponzi scheme collapsed some time again.
Now comes a Golden Money reboot within the type of Affluence Community.
Identical Russian/Ukrainian scammers and the identical Russian actor taking part in CEO.
The one distinction between Golden Money and Affluence Community is the introduction of cryptocurrency.
Oh, and Smitski’s fictional company bio was additionally rewritten:
As all the time, if an MLM firm will not be brazenly upfront about who’s working or owns it, assume lengthy and onerous about becoming a member of and/or handing over any cash.
Affluence Community’s Merchandise
Affluence Community has no retailable services or products.
Associates are solely in a position to market Affluence Community affiliate membership itself.
Affluence Community’s Compensation Plan
Affluence Networks spend money on AFN tokens on the promise of annual returns.
- make investments $100 to $1000 and obtain 125% yearly
- make investments $1000 to $5000 and obtain 130% yearly
- make investments $5000 to $10,000 and obtain 140% yearly
- make investments $10,000 to $30,000 and obtain 150% yearly
- make investments $30,000 to $100,000 and obtain 160% yearly
Observe that the present inner AFN token worth will not be publicized on Affluence Community’s web site.
The MLM aspect of Affluence Community sees associates paid to recruit new affiliate traders.
Affluence Community Affiliate Ranks
There are fifteen affiliate ranks inside Affluence Community.
Together with their respective qualification standards, they’re as follows:
- Supervisor – make investments at the least $100
- Silver Supervisor – keep an energetic $100 funding and generate $3000 in downline funding quantity
- Gold Supervisor – keep an energetic $100 funding and generate $10,000 in downline funding
- Platinum Supervisor – make investments $300 and generate $20,000 in downline funding quantity
- Diamond Supervisor – make investments $500 and generate $50,000 in downline funding quantity
- Silver Director – make investments $1000 and generate $100,000 in downline funding quantity
- Gold Director – make investments $2000 and generate $250,000 in downline funding quantity
- Platinum Director – make investments $4000 and generate $500,000 in downline funding quantity
- Diamond Director – make investments $6000 and generate $1,000,000 in downline funding quantity
- Silver Ambassador – make investments $10,000 and generate $2,500,000 in downline funding quantity
- Gold Ambassador – make investments $20,000 and generate $5,000,000 in downline funding quantity
- Platinum Ambassador – make investments $40,000 and generate $10,000,000 in downline funding quantity
- Diamond Ambassador – make investments $80,000 and generate $20,000,000 in downline funding quantity
- VIP Associate – make investments $100,000 and generate $50,000,000 in downline funding quantity
- President – make investments $150,000 and generate $100,000,000 in downline funding quantity
Observe that as much as 30% of required downline quantity can come from anyone recruitment leg.
Direct Referral Commissions
Affluence Community pays a direct referral fee on funds invested by personally recruited associates.
Direct referral fee charges are decided by rank:
- Managers earn a 6% direct referral fee charge
- Silver Managers earn a 9% direct referral fee charge
- Gold Managers earn a 12% direct referral fee charge
- Platinum Managers earn a 15% direct referral fee charge
- Diamond Managers earn an 18% direct referral fee charge
- Silver Administrators earn a 21% direct referral fee charge
- Gold Administrators earn a 23% direct referral fee charge
- Platinum Administrators earn a 25% direct referral fee charge
- Diamond Administrators earn a 27% direct referral fee charge
- Silver Ambassadors earn a 29% direct referral fee charge
- Gold Ambassadors earn a 31% direct referral fee charge
- Platinum Ambassadors earn a 32.5% direct referral fee charge
- Diamond Ambassadors earn a 34% direct referral fee charge
- VIP Companions earn a 35.5% direct referral fee charge
- Presidents earn a 37% direct referral fee charge
Residual Commissions
Affluence Community pays residual commissions through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel workforce, with each personally recruited affiliate positioned instantly beneath them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel workforce.
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.
Residual commissions are paid because the distinction between Direct Commissions tied to rank.
That’s to say 37% is paid out on each funding made inside the unilevel workforce.
The affiliate who did the recruiting is paid their rank share. If they aren’t a President (37% charge), the distinction between what they’re paid and 37% is handed upline.
E.g. you’re a Gold Ambassador and also you recruit a brand new Affluence Community affiliate.
You’re paid your 31%, leaving 6% to be paid upline.
The system searched upline through the unilevel workforce for a Platinum Ambassador or greater ranked affiliate.
Let’s say a VIP Associate is discovered first. They obtain 4.5% (their charge 35.5% minus 31% paid to you).
This leaves 1.5% to be paid to the primary upline President affiliate discovered.
On this method it’s probably attainable to obtain handed up commissions from wherever in your unilevel workforce.
Observe that President ranked associates are all the time both paid 37% on direct recruitment (nothing is handed up), or the complete excellent share left over.
Becoming a member of Affluence Community
Affluence Community affiliate membership seems to be tied to an preliminary $100 to $100,000 funding in AFR tokens.
Conclusion
With their Golden Money Ponzi scheme having collapsed, the scammers behind it are again for one more crack with crypto.
That’s actually all Affluence Community is.
AFT is a shit token created on the Binance Good Chain (assume ERC-20 and ethereum).
Binance Good Chain tokens will be arrange in a couple of minutes at little to no price.
From there it’s the identical outdated MLM Ponzi shitcoin story. You spend money on nugatory tokens, one thing one thing pump worth, scammers money out, sorry on your loss.
Returns, being paid in AFR tokens, are by nature baloney.
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You’re not really paid till you money out – and that’s restricted by company-wide funding.
When the time involves exit-scam, Affluence Community will merely shut down or the general public change exit-scam will likely be initiated.
The previous is most well-liked by Russian/Ukrainian scammers because it lets them set about planning and launching one other Boris CEO Ponzi.
The latter is extra drawn out. AFR token will likely be listed on some dodgy public change. The worth will pump as a result of advertising and marketing hype, scammers money out and nearly all of traders are left holding the bag.
Both manner, Ponzi math is Ponzi math – except you’re working the present or received in early and recruited a bunch of saps, you’re going to lose your cash.