Though government info is offered on Exxa’s web site, arguably crucial possession info isn’t.
In accordance with Exxa advertising and marketing materials, SQ2 Fintech owns 25% of the corporate:
Anthony Lau is the CEO of SQ2 Fintech. He’s additionally the CEO of World Blockchain Discussion board, which suggests Lau and WBF proprietor Sheng Zhao are tied to the corporate.
World Blockchain Discussion board has emerged as a Ponzi scheme incubator over the previous yr or so.
In keeping with every of World Blockchain Discussion board’s present schemes, neither Lau or Zhao publicly entrance Exxa. As a substitute Danny Pang (proper) retains up appearances as CEO.
Pang featured on BehindMLM late final yr, as CEO of Axxa International.
In accordance with Exxa advertising and marketing, the corporate is a mixture of SQ2 Fintech and Axxa International.
Axxa International’s web site at present has an Alexa rating of over 5 million, suggesting outdoors of Exxa it has lengthy since collapsed.
Of the three app pockets Ponzi schemes World Blockchain Discussion board has launched, Cloud Token and S Block are nonetheless operational.
The oldest, Plus Token, collapsed a number of months in the past. Chinese language authorities estimate Plus Token’s collapse resulted in $2.9 billion in losses.
Learn on for a full overview of the Exxa’s MLM alternative.
Exxa’s Merchandise
Exxa has no retailable services or products, with associates solely capable of market Exxa affiliate membership itself.
Exxa’s Compensation Plan
Exxa associates spend money on pre-generated EXXA tokens, on the promise of returns supposedly derived through a buying and selling bot.
As above, as soon as associates have invested in EXXA tokens and parked them with Exxa, marketed returns vary from 3% to 9% a month.
Returns are paid in EXXA tokens. Exxa associates money out their tokens through an inner alternate, thus ultimately withdrawing greater than they initially invested.
Word that Exxa doesn’t public the present inner EXXA token worth.
Residual Commissions
Exxa pays residual commissions through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel group, with each personally recruited affiliate positioned straight underneath them (degree 1):
If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel group.
If any degree 2 associates recruit new associates, they’re positioned on degree 3 and so forth and so forth down a theoretical infinite variety of ranges.
Exxa caps residual commissions at twenty-one unilevel group ranges.
Associates are paid residual commissions on returns paid to associates positioned of their unilevel group.
What number of unilevel group ranges an Exxa affiliate earns residual commissions on is set by what number of affiliate traders they’ve personally recruited.
- recruit one investing affiliate and earn 100% on degree 1 (personally recruited associates)
- recruit two investing associates and earn 100% on degree 1 and 50% on degree 2
- recruit three investing associates and earn 100% on degree 1, 50% on degree 2 and 5% on ranges three to fifteen
- recruit sixteen investing associates and earn 100% on degree 1, 50% on degree 2 and 5% on ranges three to twenty-one
Residual commissions are paid in EXXA tokens.
Group Rewards
Exxa seems to reward ranked associates with a proportion of their whole unilevel funding quantity:
As above, rank necessities begin at producing $200,000 in EXXA token funding quantity. Larger ranks are obtained by recruiting others who do the identical.
Larger ranks correspond with greater downline funding quantity proportion payouts.
It’s unclear whether or not Exxa’s rank-based estimated revenue is in USD or EXXA tokens.
Becoming a member of Exxa
Exxa affiliate membership is free.
Full participation within the hooked up revenue alternative nevertheless requires a minimal $10 funding in EXXA tokens.
Conclusion
World Blockchain Discussion board’s fourth app pockets Ponzi scheme is extra of the identical.
Exxa represents it generates returns through their DEVO buying and selling bot.
DEVO+ is our AI buying and selling bot which trades cryptocurrencies in your behalf, unaffected by bias and emotion.
Utilizing market indicators and complicated buying and selling algorithms, DEVO+ is programmed to commerce conservatively and gives a fuss-free approach to obtain EXXA rewards day by day.
Though the title of the bot adjustments, this is identical script utilized in each World Blockchain Discussion board Ponzi scheme.
From a regulatory perspective, Exxa is clearly providing a passive funding alternative. This constitutes a securities providing.
Exxa and World Blockchain Discussion board symbolize they’re primarily based out of Singapore.
Securities in Singapore are regulated by the Financial Authority of Singapore.
A search on MAS’ web site reveals neither Exxa or World Blockchain Discussion board are registered. Which means Exxa’s MLM alternative is working illegally in Singapore.
Certainly, Exxa isn’t registered anyplace on this planet to supply securities – that means it’s working illegally in any nation it solicits funding in.
On the time of publication Alexa pegs Canada (23%), India (11%) and Russia (9%) as the highest three sources of visitors to Exxa’s web site.
The one motive an MLM firm would decide to function illegally, is that if they aren’t doing what they are saying they’re.
Which brings us to the Ponzi nature of Exxa’s enterprise mannequin.
EXXA tokens are generated out of skinny air and, apart from monitoring funding into the corporate, serve no objective.
EXXA tokens are utterly nugatory, outdoors of no matter inner worth Exxa administration assign it.
Withdrawal requests returns are paid so long as new funding can cowl them. As soon as there’s a deficit between the 2 quantities a collapse begins, ultimately leading to Exxa pulling the plug.
That is exactly what occurred with Plus token, and can ultimately occur in World Blockchain Discussion board’s different Ponzi schemes.
As with all Ponzi schemes, when Exxa inevitably collapses nearly all of traders will lose cash.
Moreover, that WBF continues to launch new Ponzi schemes each few months also needs to be setting off alarm bells.