Forsage XGold is a part of Lado Okhotnikov’s steady of Forsage branded Ponzi schemes.
Based on his Fb profile, Okhotnikov is predicated out of Moscow, Russia.
Okhotnikov (proper) describes himself as “the king of decentralized MLM”.
“Decentralized MLM” being code for crypto Ponzi schemes.
Launched in April 2020, by September or so Forsage had gone into decline.
This prompted Lado to launch Fortron, the identical smart-contract Ponzi recycled with TRON.
After publishing our Forton overview final September, I figured that was the top of Okhotnikov’s smart-contract recycling.
Just lately nonetheless I used to be contacted by a reader informing me they’d been pitched on new Forsage spinoffs.
Right now we’re taking a look at Okhotnikov’s fourth Forsage firm; Forsage XGold.
Forsage XGold’s Merchandise
Forsage XGold has no retailable services or products, with associates solely in a position to market Forsage XGold affiliate membership itself.
Forsage XGold’s Compensation Plan
Forsage XGold associates make investments 200 to 1,300,000 TRX on the promise of a 1020% ROI.
Forsage XGold calculates returns by means of a 2×4 matrix cycler.
A 2×4 matrix locations an affiliate on the prime of a stage, with two positions immediately underneath them:
These two positions type the primary stage of the matrix. The second stage of the matrix is generated by splitting these first two positions into one other two positions every (4 positions).
Ranges three and 4 of the matrix are generated in the identical method, with every new stage housing twice as many positions because the earlier stage.
Every 200 TRX buy-in creates a brand new place on the primary matrix cycler tier.
Positions within the matrix are stuffed by subsequent 200 TRX place investments.
The cut up of funds throughout the two×4 matrix is as follows:
- stage 1 (2 positions) – 100% of the buy-in is handed upline to the affiliate who recruited you
- stage 2 (4 positions) – 20% of the buy-in is stored
- stage 3 (8 positions) – 30% of the buy-in is stored
- stage 4 (16 positions) – 50% of the primary fourteen place buy-ins is stored, the remaining two positions are used to fund a brand new Xgold cycler place on the identical tier
There are fifteen Forsage XGold cycler tiers, the mathematics works out the identical throughout all of them:
- Tier 1 (detailed above) – 200 TRX
- Tier 2 – 400 TRX
- Tier 3 – 600 TRX
- Tier 4 – 1600 TRX
- Tier 5 – 3200 TRX
- Tier 6 – 6400 TRX
- Tier 7 – 12,800 TRX
- Tier 8 – 29,600 TRX
- Tier 9 – 51,200 TRX
- Tier 10 – 100,000 TRX
- Tier 11 – 200,000 TRX
- Tier 12 – 500,000 TRX
- Tier 14 – 800,000 TRX
- Tier 15 – 1,300,000 TRX
Becoming a member of Forsage XGold
Forsage XGold affiliate membership begins at 200 TRX.
Full participation in Forsage XGold prices 3,006,000 TRX.
Conclusion
Fairly than undertake the gifting mannequin of earlier Forsage iterations, Forsage XGold is extra of a pyramid scheme method.
The top consequence is similar although, with a set share paid out every matrix cycle.
That slight distinction apart, Forsage XGold is a continuation of Lado Okhotnikov’s Ponzi scamming.
Tron goes in, Okhotnikov takes most of it by means of admin positions within the higher tiers, recruitment collapses, sorry in your loss.
Wanting ahead it appears Okhotnikov’s subsequent Forsage Ponzi will run on “Binance Good Chain”.
As acknowledged by Okhotnikov within the above Fb video;
Since in the intervening time Binance Good Chain surpasses all different networks, together with ethereum, in exercise, you possibly can think about what a furor the launch of Forsage will trigger.
Like Forsage’s transition from ethereum to tron; new car, similar Ponzi rip-off.
Footnote: This overview is a part of a collection documenting Lado Okhotnikov’s Forsage Ponzi schemes.
Up to now that features:
- Forsage – launched Feb/Mar 2020
- Fortron – launched Aug/Sep 2020
- ForsageTron – launched someday after Jul 2020
- Forsage XGold – launched Sep 2020