CMDX is a reboot of the failed CoinMD funding scheme.
CMDX is owned and operated by Tom McMurrain, a former OneCoin Ponzi scammer.
McMurrain launched CoinMD in mid 2017, about six months after OneCoin collapsed.
CoinMD’s enterprise mannequin was easy sufficient; give actual cash to Tom McMurrain in change for nugatory CoinRewards factors.
By March 2019 CoinMD was on the snapping point, prompting McMurrain (proper) to beg buyers for $100,000.
Inside 24 hours of that announcement, McMurrain introduced the collapse had been averted.
As a replacement was a brand new CoinMD compensation plan. Final month McMurrain introduced CoinMD could be deserted in favor of a “new” firm, CMDX.
Learn on for a full overview of the CMDX MLM alternative.
CMDX Merchandise
CMDX has no retailable services or products, with associates solely capable of market CMDX affiliate membership itself.
Observe that outdoors of CMDX’s MLM alternative, which sees associates make investments straight in CMDX tokens, there are methods for non-affiliates to amass tokens.
One such approach is by buying a CMDX branded wearable and being lively.
Exterior of being advertising instruments to encourage individuals to ultimately join as CMDX associates and make investments, these don’t have anything to do with the corporate’s MLM alternative.
The CMDX Compensation Plan
CMDX associates put money into CMDX tokens. Commissions are paid after they recruit others who do the identical.
- Prime – make investments $149 and obtain 25,000 CMDX
- Bronze – make investments $550 and obtain 500,000 CMDX
- Silver – make investments $1100 and obtain 2,000,000 CMDX
- Gold – make investments $3300 and obtain 5,000,000 CMDX
- Platinum – make investments $5500 and obtain 10,000,000 CMDX
Observe that previous to receiving invested cash, CMDX associates should fill out a compulsory well being associated questionnaire.
Observe that CMDX pay commissions out by way of a mixture of U$D and CMDX.
CMDX associates are paid 30% of earned commissions in CMDX and 70% in U$D.
Lastly, how a lot a CMDX affiliate earns and may withdraw every week is decided by how a lot they’ve invested:
- Free – no value however capped at incomes $100 per week and withdrawing as much as 10% of earned commissions
- Prime – capped at incomes as much as $250 per week and withdrawing as much as 15% of earned commissions
- Bronze – capped at incomes as much as $550 per week and withdrawing as much as 20% of earned commissions
- Silver – capped at incomes as much as $1100 per week and withdrawing as much as 30% of earned commissions
- Gold – capped at incomes as much as $3300 per week and withdrawing as much as 40% of earned commissions
- Platinum – capped at incomes as much as $25,000 per week and withdrawing as much as 50% of earned commissions
Recruitment Commissions
CMDX are paying a 30% fee on funds invested by the primary 1500 associates.
Recruitment commissions are paid in bitcoin, on to the recruiting affiliate.
After the primary 1500 recruited CMDX associates, recruitment commissions are paid primarily based on how a lot the recruiting affiliate has invested (30% CMDX and 70% U$D):
- Free and Prime associates earn a ten% recruitment fee fee
- Bronze associates earn a 15% recruitment fee fee
- Silver associates earn a 20% recruitment fee fee
- Gold associates earn a 25% recruitment fee fee
- Platinum associates earn a 30% recruitment fee fee
Residual Commissions
To qualify for residual commissions, CMDX associates should recruit at the least two Prime or increased associates.
CMDX pays residual commissions by way of a binary compensation construction.
A binary compensation construction locations an affiliate on the prime of a binary group, cut up into two sides (left and proper):
The primary stage of the binary group homes two positions. The second stage of the binary group is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary group are generated as required, with every new stage housing twice as many positions because the earlier stage.
Positions within the binary group are crammed by way of direct and oblique recruitment of associates. Observe there is no such thing as a restrict to how deep a binary group can develop.
On the finish of every week CMDX tallies up new funding quantity on either side of the binary group.
Associates are paid a ten% residual fee on weaker binary group facet funding quantity.
As soon as paid out on, matched funding quantity is flushed from either side. Any leftover quantity on the stronger binary group facet is carried over the next week.
Matching Bonus
CMDX pays a Matching Bonus on residual commissions earned by downline associates.
The Matching Bonus is paid out by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel group, with each personally recruited affiliate positioned straight below them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel group.
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.
CMDX caps the Matching Bonus at 4 unilevel group ranges.
The Matching Bonus is paid out on residual commissions earned throughout these 4 ranges as follows:
- Bronze and Silver associates earn a ten% match on stage 1 (personally recruited associates) and stage 2
- Gold associates earn a ten% match on ranges 1 and a pair of and 20% on stage 3
- Platinum associates earn a ten% match on ranges 1 and a pair of, 20% on stage 3 and 25% on stage 4
Becoming a member of CMDX
CMDX affiliate membership begins off at free and tops out at a $5500.
- Free – no value to enroll
- Prime – $149 after which $29.95 yearly (payable after first 12 months)
- Bronze – $550 after which $29.95 yearly (payable after first 12 months)
- Silver – $1100 after which $29.95 yearly (payable after first 12 months)
- Gold – $3300 after which $29.95 yearly (payable after three years)
- Platinum – $5500 after which $29.95 yearly (payable after 5 years)
The extra a CMDX affiliate invests the upper their revenue incomes potential.
Conclusion
Like CoinMD, CMDX is simply one other automobile for Tom McMurrain to acquire cash.
The identical ruse is used, that being retaining management and incomes by yourself private info – however that has nothing to do with CMDX’s enterprise alternative.
You join, hand Tom McMurrain actual cash in change for nugatory CMDX tokens, after which set about recruiting others who do the identical.
That’s actually all there may be to it.
Withdrawals are closely restricted until buyers commit giant sums of cash. Investing extra additionally unlocks higher tiers of the CMDX compensation plan, thus growing revenue potential.
In MLM that is known as “pay to play” and is a regulatory pink flag.
MLM revenue potential ought to solely be tied to gross sales efficiency, not how a lot associates pay in charges.
Having learn by way of this overview, you’ve most likely seen the interior CMDX worth shouldn’t be offered.
That’s as a result of CMDX don’t publicly disclose the present inner worth.
The closest they arrive is a disclaimer, that states CMDX is paid “at 0.004 per token or market value whichever is bigger”.
“Market value” refers to no matter worth McMurrain units CMDX’s inner change to.
It’s by way of this change that CMDX associates are capable of notice returns on their funding.
This happens by both promoting acquired CMDX to McMurrain (or the corporate), or to different CMDX associates.
On this sense newly invested funds are used to pay current CMDX buyers cashing out.
Observe that there’s a catch. CMDX invested in by associates in locked for 12 months.
As acknowledged in one in all CMDX’s advertising movies;
You’ll be credited with a sure variety of CMDX tokens, primarily based in your subscription stage (how a lot you invested).
These tokens will probably be locked up for one 12 months, and hopefully will probably be very invaluable when they’re launched to you.
On prime of this you’ve gotten U$D, previously often known as CMDT.
From a CoinMD FAQ;
CMDT are fee credit. That is what you earn 70% of from the binary plan.
You should use CMDT to improve a membership or you possibly can promote to fellow CMD members for money or any type of fee that you just want.
The brand new member can take that CMDT and improve their membership.
Principally simply one other token that doesn’t exist outdoors of CMDX. And as soon as once more you possibly can’t money out until McMurrain releases invested funds, otherwise you promote your nugatory U$D to a different CMDX affiliate.
Between CMDX and U$D, using newly invested funds to pay current associates a ROI makes CMDX a Ponzi scheme.
In true Ponzi vogue, if CMDX affiliate investor recruitment slows, so too will returns (much less inner change consumers and there being solely a lot McMurrain himself pays out).
Finally recruitment runs dry such that CMDX winds up being in the identical place CoinMD was.
Observe that whereas CoinMD ran on an inner blockchain, CMDX is simply an ERC-20 ethereum-based token.
Being an ERC-20 token has no bearing on the enterprise alternative, aside from saving McMurrain effort and time (establishing an ERC-20 token takes about 5 minutes at little to no value).
One thing that can affect CMDX’s lifespan is former CoinRewards and CMDT token balanced being transformed into CMDX and U$D respectively.
CoinMD affiliate buyers determined to recuperate their losses are prone to be among the many first to request withdrawals (or “promote” to new CMDX associates), when that performance is enabled.
Exterior of what McMurrain retains for himself, a lot of the preliminary CMDX invested funds are going to fulfill CoinMD affiliate withdrawals by way of CMDX itself.
One very last thing I need to contact on is McMurrain’s declare that CMDX has partnered with IBM and ethereum.
So far as IBM goes, McMurrain plans to run investor assist by way of IBM’s Watson AI platform.
Anybody can join entry to the Watson platform at no cost. It’s not at all a partnership with IBM.
One in every of Watson’s utility is the “Watson Assistant”, which is presumably what McMurrain will probably be utilizing.
With respect to ethereum, launching an ERC-20 token isn’t a partnership with ethereum – any extra so than launching a fiat primarily based enterprise is a partnership with native foreign money.
McMurrain has a historical past with the SEC and with the DOJ not too long ago arresting OneCoin’s CEO and indicting its founder, there’s a chance he’ll be going through regulatory fallout.
Actually providing unregistered securities by way of CoinMD and CMDX isn’t going to do him any favors.
Not that it appears to hassle McMurrain, as he’s simply as assertively unapologetic selling CoinMD and CMDX as he was OneCoin.
Replace ninth October 2022 – CMDX has collapsed, prompting McMurrain to reboot as DataBank.