Once more in late 2021 BehindMLM revealed its WinWheel overview.
WinWheel was primarily a reboot of the collapsed Algotech Ponzi scheme, fronted by a lot of former prime OneCoin Ponzi promoters.
WinWheel provided merchants passive returns through node positions, tied to the company Be a part of.
This generally is a summary conclusion from BehindMLM’s WinWheel overview;
To summarize, WinWheel is a Ponzi scheme with ties to Be a part of, an unknown blockchain agency representing it is based out of the US.
Every corporations are run by and/or promoted by serial-scammers, with enterprise fashions exhibiting to be intentionally convoluted to be able to confuse of us.
WinWheel collapsed shortly after launch nonetheless Be a part of rebranded as Be a part of United and continued to defraud merchants.
I made a pay attention to this in BehindMLM’s WinWheel overview. Not too way back though a reader reached out requesting a standalone Be a part of United overview.
Having confirmed Be a part of United’s offering was MLM and by no means solely a clone of WinWheel, proper now we’re publishing a separate Be a part of United overview as requested.
Although it was very so much created by an individual or individuals, Be a part of United fails to supply possession or govt data on its site.
A go to to Be a part of United’s site redirects to an affiliate log in kind:
Once more in 2021 I well-known Utah resident Stephen Michael Miller was the face of Be a part of.
As of Would possibly 2024, Miller’s LinkedIn profile cites him as COO of Be a part of since 2018 and President as of July 2020.
Sooner than coming into into MLM crypto fraud, Miller had a historic previous in real-estate.
As on a regular basis, if an MLM agency is not overtly upfront about who’s working or owns it, suppose prolonged and exhausting about turning into a member of and/or handing over any money.
Be a part of United’s Merchandise
Be a part of United has no retailable providers or merchandise.
Associates are solely able to market Be a part of United affiliate membership itself.
Be a part of United’s Compensation Plan
Be a part of United associates put cash into “win nodes” and “change node” positions.
- a win node funding place costs $2000 yearly
- a change node funding place costs $8900 yearly
That’s achieved on the promise of a variable every day passive return.
Phrase that although Be a part of United’s compensation plan makes use of USD, the company warns “rewards are paid out in USD equal, NOT paid in USD”.
Be a part of United pays returns and commissions in its private WIN token.
The MLM side of Be a part of United pays on recruitment of affiliate merchants.
Be a part of United Affiliate Ranks
There are 4 ranks inside Be a part of United’s compensation plan.
Along with their respective qualification requirements, they’re as follows:
- Droid – be a part of as a Be a part of United and put cash right into a win node place
- BlockBot – recruit 5 associates who’ve invested in a win node place and have earned $10,000 in commissions over the earlier 12 months
- BlockBot5 – have a BlockBot or bigger ranked affiliate in 5 separate recruitment legs
- BlockBot10 – have a BlockBot5 or bigger ranked affiliate in 5 separate recruitment legs
- BlockBot20 – have a BlockBot10 or bigger ranked affiliate in 5 separate recruitment legs
Referral Commissions
Be a part of United pays referral commissions on invested funds down two ranges of recruitment (unilevel):
- 10% on diploma 1 (personally recruited associates)
- 5% on diploma 2
BlockBot and higher ranked associates get hold of a bonus 10% on diploma 1.
Changing into a member of Be a part of United
Be a part of United affiliate membership is free.
Full participation throughout the related income different requires a:
- $2000 win node funding or
- $8900 change node funding
Phrase that these portions are as quoted by Be a part of United of their promoting supplies. Dwell pricing nonetheless appears to be variable and based on irrespective of amount Be a part of United appears to be like like charging.
Phrase that when quoted, Be a part of United advises funding costs are “locked in place for half-hour. ”
Be a part of United solicits funding in USD (financial institution playing cards), tether (USDT), USD Coin (USDC) and its private WIN token.
Be a part of United Conclusion
WinWheel’s straightforward funding scheme was buried in a pile of crypto jargon and pseudo-compliance. Be a part of United is simply in regards to the similar.
Stripping away the crypto jargon and pseudo-compliance leaves us with a reasonably elementary funding scheme.
Be a part of United associates be a part of, put cash into “node positions” and acquire a passive return. Commissions are paid on recruitment of merchants who do the similar.
No matter being based out of the US and primarily servicing US residents (as of April 2024 SimilarWeb tracked 84% of Be a part of United’s site originating from the US), neither Be a part of United or Stephen Miller are registered with the SEC.
Make no mistake, no amount of pseudo-compliance and crypto jargon changes the reality that, as per the Howey Test, Be a part of United’s node place funding scheme is a securities offering.
Be a part of United associates make investments with the company (an ordinary enterprise), on the expectation of earnings (there is not a unique motive to invest), with acknowledged earnings derived from the efforts of others (Be a part of United’s node returns are paid passively).
Failure to register with the SEC sees COnnect United and Stephen Miller commit securities fraud.
On the money side of points, Be a part of United appears to be laundering funds through Swap Pay.
Swap Pay operates from the realm “switchpay.co”, solely simply recently privately registered on February twentieth, 2024.
Shell corporations cites on Swap Pay’s site embody Fortress Perception LLC, Ibanera LLC and Swap Reward Card DAO LLC. No explicit particulars about these corporations is provided.
In what might be going an attempt to cowl Swap Pay’s affiliation with Be a part of United and its fraudulent funding scheme, investments through Swap Pay are dressed up as NFT purchases:
As a result of it stands, the one verifiable earnings coming into Be a part of United is new funding.
The proceeds from all transactions completed through Be a part of are distributed in accordance with the Win Blockchain Distribution Algorithm.
The utilization of recent funding to pay ROI withdrawals would make Be a part of United a Ponzi scheme.
As with all MLM Ponzi schemes, as quickly as affiliate recruitment dries up so too will new funding.
This will likely starve Be a part of United of ROI earnings, lastly prompting a collapse.