Edain operates in the cryptocurrency MLM niche. The company provides a corporate address for “Edain Technologies AG” in Switzerland.
Heading up Edain are co-founders Hardy F. Schloer, Adela Fofiu and Mihai Spariosu.
None of Edain’s co-founders appear to have an MLM history.
Hardy Schloer is a German national tied to a number of companies; Schloer Consulting Group, Raven Pack and Prisma Analytics.
Other than providing marketing points, none of Schloer’s companies have anything to do with Edain’s MLM opportunity.
After the usual string of failed projects that didn’t go anywhere, Schloer got involved in cryptocurrency circa 2017:
The culmination of Schloer’s blockchain bro journey is Edain.
Adela Fofiu is a Romanian national with a PHD in sociology.
Yeah, that’s it. Moving on…
Mihai Spariosu is another academic. He passed away in August at age 77, so I’m not sure why Edain cites him as a co-founder.
Edain’s website domain (“edain.ai”) was registered on July 14th, 2021.
The owner of the domain is “RO34212954”, through an address in Romania. This appears to either be a shell company or bogus details.
At time of publication, Alexa ranks the Ukraine as the only notable source of traffic to Edain’s website (46%).
Read on for a full review of Edain’s MLM opportunity.
Edain’s Products
Edain has no retailable products or services.
Affiliates are only able to market Edain affiliate membership itself.
Edain’s Compensation Plan
Edain affiliates invest in EAI tokens on the expectation of an advertised 10% annual return.
Investment is made via Edain packages:
- Package 1 – $199
- Package 2 – $499
- Package 3 – $899
- Package 4 – $1499
- Package 5 – $2300
- Package 6 – $5000
- Package 7 – $10,000
Edain’s MLM opportunity pays on recruitment of new affiliate investors.
Edain Affiliate Ranks
There are sixteen affiliate ranks within Edain’s compensation plan.
Along with their respective qualification criteria, they are as follows:
- Iron – generate $500 in binary team investment volume ($250 in weaker side volume) a month
- Bronze – generate $1000 in binary team investment volume ($500 in weaker side volume) a month
- Silver – generate $2000 in binary team investment volume ($1000 in weaker side volume) a month
- Gold – generate $5000 in binary team investment volume ($2500 in weaker side volume) a month
- Platinum – generate $10,000 in binary team investment volume ($5000 in weaker side volume) a month
- Topaz – generate $20,000 in binary team investment volume ($8000 in weaker side volume) a month, generate at least $40,000 in annual binary team volume (min $16,000 in weaker side volume) and recruit and maintain two Gold or higher ranked affiliates
- Sapphire – generate $40,000 in binary team investment volume ($16,000 in weaker side volume) a month, generate at least $80,000 in annual binary team volume (min $32,000 in weaker side volume) and recruit and maintain two Platinum or higher ranked affiliates
- Ruby – generate $60,000 in binary team investment volume ($24,000 in weaker side volume) a month, generate at least $120,000 in annual binary team volume (min $48,000 in weaker side volume) and recruit and maintain two Topaz or higher ranked affiliates
- Emerald – generate $80,000 in binary team investment volume ($32,000 in weaker side volume) a month, generate at least $160,000 in annual binary team volume (min $64,000 in weaker side volume) and recruit and maintain two Sapphire or higher ranked affiliates
- Diamond – generate $200,000 in binary team investment volume ($80,000 in weaker side volume) a month, generate at least $600,000 in annual binary team volume (min $240,000 in weaker side volume) and recruit and maintain two Diamond or higher ranked affiliates
- Blue Diamond – generate $500,000 in binary team investment volume ($200,000 in weaker side volume) a month, and at least $1,500,000 in annual binary team volume (min $600,000 in weaker side volume)
- Black Diamond – generate $1,000,000 in binary team investment volume ($400,000 in weaker side volume) a month, and at least $3,000,000 in annual binary team volume (min $1,200,000 in weaker side volume)
- Crown Diamond – generate $2,000,000 in binary team investment volume ($8,000,000 in weaker side volume) a month, and at least $6,000,000 in annual binary team volume (min $2,400,000 in weaker side volume)
- Ambassador – generate $5,000,000 in binary team investment volume ($2,000,000 in weaker side volume) a month, and at least $20,000,000 in annual binary team volume (min $8,000,000 in weaker side volume)
- Regal Ambassador – generate $10,000,000 in binary team investment volume ($4,000,000 in weaker side volume) a month, and at least $40,000,000 in annual binary team volume (min $16,000,000 in weaker side volume)
- Crown Ambassador – generate $20,000,000 in binary team investment volume ($8,000,000 in weaker side volume) a month, and at least $80,000,000 in annual binary team volume (min $32,000,000 in weaker side volume)
Referral Commissions
Edain affiliates earn a 10% commission on funds invested by personally recruited affiliates.
Residual Commissions (binary)
Edain pays residual commissions via a binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).
Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.
Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note there is no limit to how deep a binary team can grow.
At the end of each week Edain tallies up new investment volume on both sides of the binary team.
A 7% commission is paid on volume generated on the weaker binary team side.
Edain restricts payable weekly volume based on how much an Edain affiliate has invested:
- Iron to Platinum ranked volume caps out at $4000 a week for Package 1 tier affiliates and $5000 for Package 7 tier
- Topaz ranked volume caps out at $8000 a week for Package 1 tier affiliates and $10,000 for Package 7 tier
- Sapphire ranked volume caps out at $11,000 a week for Package 1 tier affiliates and $13,000 for Package 7 tier
- Ruby ranked volume caps out at $13,000 a week for Package 1 tier affiliates and $16,000 for Package 7 tier
- Emerald ranked volume caps out at $16,000 a week for Package 1 tier affiliates and $19,000 for Package 7 tier
- Diamond ranked volume caps out at $19,000 a week for Package 1 tier affiliates and $23,000 for Package 7 tier
- Blue Diamond ranked volume caps out at $21,000 a week for Package 1 tier affiliates and $26,000 for Package 7 tier
- Black Diamond ranked volume caps out at $24,000 a week for Package 1 tier affiliates and $29,000 for Package 7 tier
- Crown Diamond ranked volume caps out at $27,000 a week for Package 1 tier affiliates and $32,000 for Package 7 tier
- Ambassador ranked volume caps out at $30,000 a week for Package 1 tier affiliates and $36,000 for Package 7 tier
- Regal Ambassador ranked volume caps out at $35,000 a week for Package 1 tier affiliates and $43,000 for Package 7 tier
- Crown Ambassador ranked volume caps out at $41,000 a week for Package 1 tier affiliates and $50,000 for Package 7 tier
Presumably there is a scale between packages 1 and 7. This however is not disclosed in Edain’s official compensation documentation.
To calculate carry-over volume, Edain uses the following formula:
Left side volume minus (right side volume /2) = left side carry-over volume
Left and right are reversed to calculate right side carry-over volume.
Matching Bonus
Edain pays a Matching Bonus on residual commissions earned by downline affiliates.
The Matching Bonus is tracked via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
Edain caps the Matching Bonus at seven levels based on rank:
- Topaz ranked affiliates earn a 10% match on level 1 (personally recruited affiliates)
- Sapphire ranked affiliates earn a 10% match on level 1 and 7% on level 2
- Ruby ranked affiliates earn a 10% match on level 1, 7% on level 2 and 5% on level 3
- Emerald ranked affiliates earn a 10% match on level 1, 7% on level 2 and 5% on levels 3 and 4
- Diamond ranked affiliates earn a 10% match on level 1, 7% on level 2 and 5% on levels 3 to 5
- Blue Diamond ranked affiliates earn a 10% match on level 1, 7% on level 2 and 5% on levels 3 to 6
- Black Diamond and higher ranked affiliates earn a 10% match on level 1, 7% on level 2 and 5% on levels 3 to 7
Rank Achievement Bonus
Edain rewards affiliates for qualifying at Topaz or higher with the following one-time Rank Achievement Bonuses:
- qualify at Topaz and receive a “silver ticket” to an Edian annual event
- qualify at Sapphire and receive an Apple iPad Pro
- qualify at Ruby and receive a Montblanc Stift pen
- qualify at Emerald and receive an “IMPulse” cell phone and “BASM laptop”
- qualify at Diamond and receive a “Diamond cruise for two” valued at $10,000
- qualify at Blue Diamond and receive a Hublot watch valued at $20,000
- qualify at Black Diamond and receive a Maserati or Mercedez Benz valued at $60,000
- qualify at Crown Diamond and receive a Mercedes Benz or Aston Martin valued at $150,000
- qualify at Ambassador and receive an apartment in Dubai valued at $250,000
- qualify at Regal Ambassador and receive a house in Dubai valued at $400,000
- qualify at Crown Ambassador and receive a luxury yacht valued at $700,000
Joining Edain
Edain affiliate membership is tied to a $199 to $10,000 initial investment:
- Package 1 – $199
- Package 2 – $499
- Package 3 – $899
- Package 4 – $1499
- Package 5 – $2300
- Package 6 – $5000
- Package 7 – $10,000
How much an Edain affiliate invests directly impacts their income potential.
Edain Conclusion
Edain is your typical shit token Ponzi scheme.
EAI is an ERC-20 token. These take five minutes to set up at little to no cost.
Edain began flogging EAI to affiliate investors in late September at 10 cents each.
EAI is currently being sold at 20 cents, capping out at $1 next March.
Edain’s Ponzi scheme is wrapped in an AI technology spiel;
EDAIN is a functional AI-powered big data analytics system. Its function is to autonomously collect and process as much raw, n-dimensional data from the global datasphere as possible for the purpose of creating new knowledge at a rate never before achieved by humans (or machines).
EDAIN uses a revolutionary patented data model called C+8 Technology to capture and process huge volumes of data – currently from thousands of different sources.
Nothing that couldn’t be done without a blockchain or EAI tokens.
So why the EAI investment scheme?
Same reason as all the rest of them:
To incentivize EAI holders the STAKING function is implemented with an annual interest of 10%
Edain’s Ponzi scheme is run through a smart-contract, launched on September 29th.
All you have to do is to stake them. Edain implements 10% annual interest.
By running an MLM passive investment opportunity Edain is offering securities to the public.
Edain fails to provide evidence it has registered its securities offering with financial regulators in any jurisdiction.
This means that, at a minimum, Edain is committing securities fraud.
Seeing as investment in EAI and subsequent withdrawal is a closed-loop system, Edain is effectively a Ponzi scheme.
You sign up, invest in EAI tokens Edain generates on demand, you get more tokens based on how much you invest, you cash out other people’s money.
With nothing marketed to or sold to retail customers, the MLM side of Edain functions as a pyramid scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve Edain of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
Edain is scheduled to dump its EAI token on dodgy public exchanges next March.
Assuming Edain even lasts that long, this will initiate the public exchange exit-scam.
EAI will promptly dump to $0, leaving the majority of investors bagholding yet another worthless MLM Ponzi token.