EON operates in the MLM cryptocurrency niche.
The company is headed up by George Goodman.
Goodman made his MLM debut in 2020 as President and CEO of Xifra.
Xifra is a Ponzi scheme that markets 200% returns on investments of up to $100,000.
Other than appear in a few promo videos, Goodman didn’t do much and disappeared shortly after launch.
As per EON’s marketing material;
The Mexican-American George Goodman, recognized as a visionary and pioneer of finance, launches his new platform to the world on February 18, 2022 from the city of Guadalajara.
Guadalajara is in Mexico, which fits with Xifra being a Mexican Ponzi scheme.
Read on for a full review of EON’s MLM opportunity.
EON’s Products
EON has no retailable products or services.
Affiliates are only able to market EON affiliate membership itself.
EON’s Compensation Plan
EON affiliates invest cryptocurrency on the promise of a 300% ROI, paid over 20 months.
- Free Plan – no cost
- Second – 250 USDT
- Minute – 350 USDT
- Hour – 500 USDT
- Date – 1000 USDT
- Week – 1500 USDT
- Month – 3000 USDT
- Year – 5000 USDT
- Biennium – 10,000 USDT
- Lustrum – 15,000 USDT
- Decade – 30,000 USDT
- Century – 50,000 USDT
- Millenium – 100,000 USDT
- Age – 250,000 USDT
Note that while the above amounts are quoted in tether, EON also solicits investment in bitcoin.
Once bitcoin is invested it’s converted into an EON “internal token”. Returns are paid in this internal token until a withdrawal in bitcoin is initiated.
The MLM side of EON pays on investment by recruited affiliates.
EON Affiliate Ranks
There are ten ranks within EON’s compensation plan.
Along with their respective qualification criteria, they are as follows:
- E1 – sign up as an EON affiliate and invest 250 USDT or more
- E2 – maintain a 250 USDT minimum investment,personally recruit two affiliates and generate 1000 USDT in downline investment volume
- E3 – maintain a 250 USDT minimum investment, personally recruit three affiliates and generate 3000 USDT in downline investment volume
- E4 – invest 500 USDT or more, maintain three personally recruited affiliates, generate 1000 USDT in personally recruited affiliate investment volume, and generate 5000 USDT in total downline investment volume
- Chronos 10 – invest 3000 USDT or more, recruit and maintain four affiliates (two E3 or higher), generate 5000 USDT in personally recruited affiliate investment volume, and generate 20,000 USDT in total downline investment volume
- Chronos 50 – invest 5000 USDT or more, maintain four personally recruited affiliates (three E4 or higher), generate 10,000 USDT in personally recruited affiliate investment volume, and generate 100,000 USDT in total downline investment volume
- Chronos 100 – invest 10,000 USDT or more, recruit and maintain five affiliates (four Chronos 10 or higher), generate 20,000 USDT in personally recruited affiliate investment volume, and generate 500,000 USDT in total downline investment volume
- Chronos 200 – invest 15,000 USDT or more, maintain five personally recruited affiliates (four Chronos 50 or higher), generate 30,000 USDT in personally recruited affiliate investment volume, and generate 2,500,000 USDT in total downline investment volume
- Chronos 500 – invest 30,000 USDT or more, recruit and maintain seven affiliates (four Chronos 100 or higher), generate 40,000 USDT in personally recruited affiliate investment volume, and generate 12,000,000 USDT in total downline investment volume
- EON – invest 50,000 USDT or more, maintain seven personally recruited affiliates (four Chronos 200 or higher), generate 50,000 USDT in personally recruited affiliate investment volume, and generate 100,000,000 USDT in total downline investment volume
Note that recruited affiliates must have invested to count towards rank qualification criteria.
Referral Commissions
EON pays referral commissions 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.
EON caps payable unilevel team levels at four.
Referral commissions are paid as a percentage of cryptocurrency invested across these four levels based on rank:
- E1 ranked affiliates earn 10% on level 1 (personally recruited affiliates)
- E2 ranked affiliates earn 10% on level 1 and 4% on level 2
- E3 ranked affiliates earn 10% on level 1 and 4% on levels 2 and 3
- E4 ranked affiliates earn 10% on level 1 and 4% on levels 2 to 4
For Chronos 10 and higher ranked residual commissions, see “Time Leader Commissions” below.
Time Leader Commissions
Chronos 10 and higher ranked affiliates earn residual commissions down a theoretically infinite unilevel team depth.
- Chronos 10 ranked affiliates earn 3% on levels 1 to 10
- Chronos 50 ranked affiliates earn 3% on levels 1 to 20
- Chronos 100 ranked affiliates earn 3% on levels 1 to 50
- Chronos 200 ranked affiliates earn 3% on levels 1 to 100
- Chronos 500 ranked affiliates earn 3% on levels 1 to 200
- EON ranked affiliates earn 2% on all available unilevel team levels
Rank Achievement Bonus
EON rewards affiliates for qualifying at Chronos 10 and higher with the following one-time Rank Achievement Bonuses:
- qualify at Chronos 10 and receive $1000
- qualify at Chronos 50 and receive $5000
- qualify at Chronos 100 and receive $10,000
- qualify at Chronos 200 and receive $50,000
- qualify at Chronos 500 and receive $100,000
- qualify at EON and receive $250,000
Note that although the above amounts are quoted in USD, Rank Achievement Bonuses are paid in cryptocurrency (which isn’t specified).
Joining EON
EON affiliate membership is tied to $250 to $250,000 investment in tether or bitcoin.
There is a free EON affiliate membership tier but given recruitment is required to qualify for commissions, I’m not sure what the point of it is.
EON Conclusion
EON is marketed as a “hybrid wdao”. This crypto bro speak for “Ponzi scheme”.
If you’re going through EON’s marketing you can safely discard all the crypto buzzwords and promises. What you’re looking at is a simple MLM crypto Ponzi scheme.
You sign up, invest and collect a 300% ROI over 20 months, paid weekly.
Returns are of course numbers of screen (tracked through a smart-contract and worthless internal token), with returns only actually being realized when a withdrawal request is put in.
Be wary of EON affiliates trying to convince you of legitimacy by claiming to be withdrawing. While they might in fact be withdrawing, math is math and EON can’t pay out more than is invested.
This makes it mathematically impossible for the majority of EON affiliates to recover their initial investment – let alone turn a profit over time.
EON being a Ponzi scheme shouldn’t come as a surprise, given George Goodman came over from the 200% ROI Xifra Ponzi scheme.
The MLM side of EON operates as a pyramid scheme, paying commissions on recruitment of affiliate investors.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve affiliates of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.