Greenox Membership supplies no info on its web site about who owns or runs the corporate.
Greenox Membership’s web site area (“greenoxclub.com”) was privately registered on September fifteenth, 2018.
Greenox Membership advertising and marketing movies recommend the corporate is being run by this man:
No concept who he’s however based mostly on a Might 2019 advertising and marketing video, he seems to be based mostly out of Croatia.
Replace thirtieth April 2020 – A reader wrote in and recognized the above particular person as Niko Mrdenovic.
Mrdenovic options on Robotina’s web site as their SMO (social media optimization?).
In line with Mrdenovic’s Robotina company bio;
After founding Greenox Good Ltd., he helped numerous start-ups as Regional Gross sales Supervisor and advertising and marketing corporations as Chief of Operations.
Our supply claims
Mrdenovic lives in Slovenia. The official proprietor of Greenox Good is Tina Hrsak (girlfriend of Niko Mrdenovic).
/finish replace
Supporting Greenox Membership being operated out of Croatia is using euros to fund its compensation plan.
That mentioned, Greenox Membership’s main investor-base appears to be Asians. Languages aside from English offered on Greenox Membership’s web site are Japanese and South Korean.
As all the time, if an MLM firm will not be brazenly upfront about who’s working or owns it, assume lengthy and arduous about becoming a member of and/or handing over any cash.
Greenox Membership’s Merchandise
Greenox Membership has no retailable services or products, with associates solely in a position to market Greenox Membership affiliate membership itself.
Greenox Membership’s Compensation Plan
Greenox Membership associates begin by buying Robotina (ROX) tokens from the corporate’s nameless proprietor(s).
- Bronze – pay 100 EUR and obtain €150 EUR price of ROX
- Silver – pay €500 EUR and obtain €700 EUR price of ROX
- Gold – pay €2500 EUR and obtain €2700 EUR price of ROX plus €500 EUR price of ROX put aside for buying and selling (see beneath)
- Diamond – pay €5000 EUR and obtain €5000 EUR price of ROX plus €1950 EUR price of ROX put aside for buying and selling (see beneath)
As soon as acquired, associates place invested ROX into Greenox Membership’s “ESCO” funding scheme.
Along with necessary ROX put aside for buying and selling on the Gold and Diamond tiers, Greenox Membership associates buy ROX to put money into ESCO as follows:
- ESCO €100 – €15 EUR price of ROX locked in ESCO 3 months and €75 EUR for six months, pays a 15% ROI after 6 months
- ESCO €1000 – €100 EUR price of ROX locked in ESCO for 3 months and €800 EUR for six months, pays a 20% ROI after 6 months
- ESCO €5000 – €250 EUR price of ROX locked in ESCO for 3 months and €4250 EUR for six months, pays a 20% ROI after 6 months
- ESCO €10,000 – €9000 EUR price of ROX locked in ESCO for six months, pays a 25% ROI after 6 months
- ESCO €50,000 – €45,000 EUR price of ROX locked in ESCO for six months, pays a 30% ROI after 6 months
Greenox Membership don’t specify how the three month lock works however presumably it’s paid out at half the six month ROI.
Observe that associates also can buy ROX externally and place it into ESCO.
- Bronze tier associates are capped at having €500 EUR in ESCO
- Silver and better associates haven’t any ESCO funding cap
Greenox Membership Affiliate Ranks
There are eleven affiliate ranks inside Greenox Membership’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Affiliate – join and pay affiliate membership charges
- Enterprise Builder – generate 10,000 BV in amassed weaker binary workforce facet quantity
- Crew Chief – generate 25,000 BV in weaker binary workforce facet quantity
- Crew Supervisor – generate 50,000 BV in amassed weaker binary workforce facet quantity
- Government – generate 100,000 BV in weaker binary workforce facet quantity
- Senior Government – generate 250,000 BV in amassed weaker binary workforce facet quantity
- Director – generate 500,000 BV in weaker binary workforce facet quantity
- Senior Director – generate 1,000,000 BV in amassed weaker binary workforce facet quantity
- Vice President – generate 2,500,000 BV in amassed weaker binary workforce facet quantity
- President – generate 5,000,000 BV in amassed weaker binary workforce facet quantity
- Chairman – generate 10,000,000 BV in amassed weaker binary workforce facet quantity
BV is generated by way of affiliate membership charges and ESCO package deal funding.
For particular BV quantities generated seek advice from “residual commissions” beneath.
Direct Referral Commissions
Greenox Membership associates are paid each on newly recruited affiliate charges and ESCO package deal funding.
- 10% is paid on personally recruited affiliate charges
- 7% is paid on personally recruited ESCO package deal funding
Greenox Membership state they pay direct referral bonuses in ROX is feasible, in any other case together with EUR.
Residual Commissions
Greenox Membership pays residual commissions by way of a binary compensation construction.
A binary compensation construction locations an affiliate on the high of a binary workforce, cut up into two sides (left and proper):
The primary stage of the binary workforce homes two positions. The second stage of the binary workforce is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary workforce are generated as required, with every new stage housing twice as many positions because the earlier stage.
Positions within the binary workforce are crammed by way of direct and oblique recruitment of associates. Observe there isn’t a restrict to how deep a binary workforce can develop.
Fee of affiliate membership charges and ESCO package deal funding generates gross sales quantity (BV) throughout the binary workforce.
- Bronze membership charges = 40 BV
- SIlver membership charges = 200 BV
- Gold membership charges = 1000 BV
- Diamond membership charges = 2000 BV
- ESCO €100 – 30 BV and 0.14 BV day by day for six months
- ESCO €1000 – 300 BV and 1.4 BV day by day for six months
- ESCO €5000 – 1500 BV and seven.5 BV day by day for six months
- ESCO €10,000 – 3000 BV and 15 BV day by day for six months
- ESCO €50,000 – 15,000 BV and 80 BV day by day for six months
On the finish of every week Greenox Membership tallies up new BV generated on each side of the binary workforce.
Associates are paid as much as 10% of weaker binary workforce facet BV, based mostly on their membership tier:
- Bronze tier associates earn a 7% residual fee charge
- Silver tier associates earn an 8% residual fee charge
- Gold tier associates earn a 9% residual fee charge
- Diamond tier associates earn a ten% residual fee charge
Observe that Greenox Membership additionally caps weekly residual commissions based mostly on rank:
- Enterprise Builders can earn as much as €1000 EUR every week
- Crew Leaders can earn as much as €2500 EUR every week
- Crew Managers can earn as much as €5000 EUR every week
- Executives can earn as much as €10,000 EUR every week
- Senior Executives can earn as much as €25,000 EUR every week
- Administrators can earn as much as €50,000 EUR every week
- Senior Administrators earn as much as €100,000 EUR every week
- Vice Presidents earn as much as €250,000 EUR every week
- Presidents earn as much as €500,000 EUR every week
- Chairman earn as much as €1,000,000 EUR every week
Greenox Membership’s compensation plan states that residual commissions are “paid in EUR and ROX”. No specifics are offered.
Quick Begin Bonus
The Quick Begin Bonus is a recruitment bonus obtainable throughout a brand new affiliate’s first thirty days.
- recruit three Bronze associates on each side of the binary workforce and obtain €20 EUR, recruit six and obtain €30 EUR, recruit ten and obtain €50 EUR and recruit fifteen and obtain €85 EUR
- recruit three Silver associates on each side of the binary workforce and obtain €100 EUR, recruit six and obtain €250 EUR, recruit ten and obtain €500 EUR and recruit fifteen and obtain €1000 EUR
- recruit three Gold associates on each side of the binary workforce and obtain €500 EUR, recruit six and obtain €2000 EUR, recruit ten and obtain €5000 EUR and recruit fifteen and obtain €10,000 EUR
- recruit three Diamond associates on each side of the binary workforce and obtain €2000 EUR, recruit six and obtain €4000 EUR, recruit ten and obtain €10,000 EUR and recruit fifteen and obtain €14,000 EUR
Observe that the above quantity are cumulative.
Rank Achievement Bonuses
Greenox Membership rewards associates who qualify at Government and better with the next Rank Achievement Bonuses:
- qualify as an Government and obtain an iPhone
- qualify as a Senior Government and obtain a MacBook PRO
- qualify as a Director and obtain an “Government journey”
- qualify as a Senior Director and obtain a “VIP Government Journey”
- qualify as a Vice President and obtain an “unique Rolex watch”
- qualify as a President and obtain a “luxurious automobile excessive finish”
- qualify as a Chairman and obtain a “luxurious automobile excessive finish sports activities automobile” [sic]
Becoming a member of Greenox Membership
Greenox Membership affiliate membership is offered in 4 tiers:
- Bronze – €100 EUR
- Silver – €500 EUR
- Gold – €2500 EUR
- Diamond – €5000 EUR
The extra an affiliate spends the upper their earnings potential by way of Greenox Membership’s compensation plan.
Conclusion
So far as I can inform, Robotina seems to be unbiased from Greenox Membership.
Properly, type of.
A video, titled “Greenox at Robotina’s headquarters 2018“, was uploaded to Greenox Membership’s official YouTube channel in November 2018.
The video is Robotina branded and some seconds in, is revealed to be the “first ROX presentation occasion”.
The cynic in me believes the occasion had nothing to do with Greenox Membership.
Of their advertising and marketing materials nonetheless, Greenox Membership brazenly refers to Robotina as a “enterprise companion”.
This means, at the least on Greenox Membership’s behalf, knowledgeable relationship between the 2 corporations.
If anybody is aware of who our thriller Croatian working Greenox Membership occasions is, be at liberty to tell us within the feedback beneath.
In any other case Greenox Membership is your typical MLM crypto Ponzi scheme… in ROX.
Thriller Croatian man or whoever he’s working Greenox Membership with fairly clearly is/are sitting on a ton of ROX. Sufficient at the least to run a fraudulent funding alternative with.
Greenox Membership’s proprietor’s ROX stash is offloaded to gullible traders for EUR.
That is the one switch of actual cash inside Greenox Membership. That is vital to notice, as a result of the move of cash is from traders to admins.
Greenox Membership pays returns and commissions in ROX tokens which bear in mind, they’ve a ton of.
Associates desirous to money out can achieve this by way of Greenox Membership’s offered app. Or as a result of the token is traded publicly, by way of an exterior trade.
It’s unclear whether or not Greenox Membership’s homeowners recycle invested EUR. The compensation plan states they do however particular situations should not clarified.
In any occasion at a minimal Greenox Membership is committing securities fraud by way of its token funding scheme.
Greenox Membership fails to supply proof it has registered with the Croatian Monetary Companies Supervisory Company, Korea’s Monetary Companies Fee or a monetary regulator in some other jurisdiction.
Securities fraud is illegitimate in and of itself. At its worst although Greenox Membership is recycling newly invested funds to pay current traders – exterior of ROX public buying and selling, which isn’t a lot (hovering round $95,000 to $120,000 over the previous few months).
By the use of it having no retailable services or products, Greenox Membership can be working as a pyramid scheme.
ROX itself seems to be a pointless token. It’s presently buying and selling at 5 cents, down from a 9 cent spike earlier this 12 months.
If Greenox Membership will get sufficiently big, when the time comes for gullible traders to dump amassed ROX, the general public worth will crash even additional.
Not that Greenox Membership’s Croatian admins will care. Keep in mind, they absorb EUR for ROX when new associates join.
As soon as affiliate recruitment dips to the purpose it’s not price working Greenox Membership, anticipate one other “right here in the present day, gone tomorrow sorry to your loss” exit-scam to play out.