iHub World gives no info on its web site about who owns or runs the corporate.
As I write this, iHub World’s web site is little greater than a advertising video and affiliate login button.
Privateness Coverage, Phrases & Circumstances and Disclaimer hyperlinks on the backside of the web site are disabled.
iHub World’s web site area (“ihub.international”) was privately registered on December third, 2020.
Additional analysis reveals iHub World has an official Vimeo channel. This channel isn’t linked on iHub World’s web site.
Advertising movies on iHub World’s Vimeo channel are hosted by Chuck Hanson (proper).
Hanson refers to iHub World within the possessive however doesn’t disclose his official place throughout the firm.
One other title I acknowledged in iHub World’s advertising shows was Rick Cotton (aka Richard Cotton).
Cotton (proper) first appeared on BehindMLM because the co-founder and CEO of eXfuze.
This was again in 2013. In 2019 eXfuze rebranded as KZ1. By this stage Cotton was now not CEO however retained a controlling curiosity within the firm.
In response to BehindMLM’s revealed KZ1 assessment, Cotton appeared within the feedback to discredit our analysis.
You just about missed the mark on 50% of your findings.
At one time I might come to your website and it was respected however truthfully I don’t consider that to be the case anymore.
After addressing the factors Cotton made with proof, Cotton solely returned to spit the dummy.
In his feedback (circa 2019), Cotton claimed he was “nonetheless actively concerned” in KZ1. Whether or not that’s nonetheless the case is unclear.
In iHub World Cotton appears to be in command of creating advertising funnels. As with Chuck Hanson, Cotton’s particular position throughout the firm isn’t disclosed.
The one govt disclosed in iHub World’s advertising materials is COO Randall Pires.
Pires doesn’t have an MLM historical past however is a co-founder of Emrit. Emrit seems to be iHub World’s {hardware} provider.
Learn on for a full assessment of iHub World’s MLM alternative.
iHub World’s Merchandise
iHub World has no retailable services or products, with associates solely in a position to market iHub World affiliate membership itself.
iHub World associates are in a position to buy Emrit Coolspot Helium Community Token mining gadgets.
Our CoolSpot means that you can deploy a Lengthy Vary Extensive Space (LoRaWAN) wi-fi connection for any LoRaWAN sensible system as much as 5 miles away. It’s like a hotspot, however cooler.
The overall concept is that, along with mining HNT tokens, a CoolSpot system gives web connectivity for Web of Issues gadgets.
These are usually small gadgets used as sensors, typically offering interconnectivity by cell apps.
An instance offered in iHub World’s advertising materials is a great canine collar with monitoring performance.
House owners of CoolSpot gadgets are rewarded with HNT primarily based on connectivity to their hotspot.
The community aspect of issues is dealt with by Helium Community, creators of HNT. Observe nonetheless that precise hotspot web connectivity nonetheless requires entry conventional web connection.
iHub World promote miners to associates for $350. Chuck Hanson claims iHub World isn’t making any cash on the sale of miners.
iHub World’s white labeled Emrit miner incorporates customized firmware, which permits integration of their MLM alternative.
RAK Miners offered by iHub Community break up each 100 HNT mined or earned as follows:
- 50 HNT is paid to the affiliate
- 30 HNT is paid into iHub Community’s compensation plan
- 20 HNT is stored by iHub Community
Helium Community promote a RAK Hotspot Miner on their web site. Clicking by goes to Cal Chip, who promote a V2 miner for $344.99.
Calchip additionally sells an iHub World branded miner for $394.99 (lulwut?).
Emrit additionally sells miners on their web site, which is presumably the identical {hardware} as offered to iHub World associates.
At the moment Emrit are gifting away their miners without spending a dime:
(I’m assuming this can be a momentary pricing error… perhaps?)
Replace thirteenth March 2021 – Chuck Hansen has written in to advise;
Simply to make clear we solely have ONE PRODUCT and it’s bought immediately from the producer’s web site – they cost us an extra $50 provisioning cost so as to add the software program within the unit and the deal with will probably be put in at.
Primarily based on this it appears the $394.99 worth CalChip have marketed is the right worth for an iHub World branded miner. /finish replace
iHub World’s Compensation Plan
iHub World associates enroll, both without spending a dime or for $99 yearly. There is no such thing as a compensation distinction between the 2 choices.
As a substitute, iHub World compensation tiers are tied to non-public recruitment:
- the primary 1 to five associates recruited are positioned in your Professional Group
- the following 6 to fifteen associates recruited are positioned in your Bronze Group
- the following 16 to 25 associates recruited are positioned in your Silver Group
- each affiliate recruited from 26 is positioned in your Gold Group
Fee charges are paid on HNT mined by CoolSpot {hardware} bought by recruited associates.
- the Professional Group pays 10%
- the Bronze Group pays 15%
- the Silver Group pays 25%
- the Gold Group pays 30%
Observe that these are percentages of 30% of the full HNT mined by every recruited affiliate.
Residual Commissions
iHub World pays residual commissions through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel workforce, with each personally recruited affiliate positioned immediately underneath them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel workforce.
If any stage 2 associates recruit new associates, they’re positioned on stage 3 and so forth and so forth down a theoretical infinite variety of ranges.
Residual commissions are paid out as a coded bonus, permitting associates to earn a share of HNT mined by their downline’s Professional Groups.
- 5% is paid out on HNT generated by the Professional Group of each affiliate in your Bronze Group
- 15% is paid out on HNT generated by the Professional Group of each affiliate in your Silver Group
- 20% is paid out on HNT generated by the Professional Group of each affiliate in your Gold Group
Professional Group Bonus
iHub World associates obtain a $500 bonus in the event that they fill a Professional Group inside their first 30 days (recruit 5 associates).
Whether or not the Professional Group Bonus is paid out in USD or HNT is unclear.
Becoming a member of iHub World
iHub World affiliate membership is both free or $99 yearly.
The $99 affiliate possibility gives entry to advertising funnels.
Conclusion
On Vimeo iHub World describes itself as “THE WORLDS MOST AWESOME PASSIVE INCOME OPPORTUNITY”.
Early shows pushed the Helium Community, a supposed resolution to roaming gadgets which may discover themselves with out web connectivity.
Later shows nonetheless targeted extra on mining HNT. And it wasn’t lengthy earlier than “we’re gonna be the following bitcoin!” advertising cliche was trotted out.
Earlier than we get into iHub World’s compensation plan, there are a couple of points I wish to deal with relating to Helium Community.
After I first appeared into my preliminary thought was why would anybody provide up their web connection to finish strangers?
In idea IOT gadgets don’t eat a lot information. This I discovered amusing as one among Helium Community’s advertising factors is the potential excessive value of cell information plans.
In case your linked IOT gadgets aren’t utilizing a lot information, absolutely it’s extra handy to run an IOT system on present mobile information networks that already present widespread protection?
One other level to contemplate is IOT gadgets being infamous safety liabilities. This sees them continuously hijacked and become harmful botnets.
What I’m unclear on is whether or not any IOT system will be hooked as much as Helium Community or whether or not solely particular {hardware} working particular software program is suitable.
There’s no info relating to this offered on Helium Community’s web site.
If it’s the previous, then I can assure you if somebody put within the effort they’d be capable of make the most of regardless of the most throughput of a CoolSpot system is (topic to the limitation of the web it’s linked to).
If it’s the latter, then this idea is rarely going to take off. Shopping for restrictive {hardware} that depends on a community offered by randoms is a horrible enterprise mannequin.
Not that any of that actually issues, as a result of on the finish of the day all anybody is definitely involved about is accumulation of HNT tokens, hoping for a moon and cashing out.
Aside from speculative funding, I can’t see any use for HNT tokens. Helium Community and its principals are sitting on a boatload of them, in addition to no matter early adopters have mined.
There’s no inherent worth offered by HNT, and that’s mirrored within the poor buying and selling quantity.
Up till very not too long ago HNT was being traded at a couple of hundred thousand a day on common.
There’s been two 2020 pumps since launch, August twelfth and September twenty third.
September twenty third specifically is suspicious, as buying and selling quantity jumped to $35 million up from $3.6 million and $6.8 million the day earlier than and after.
On January twenty second HNT started to pump once more, elevating the general public buying and selling worth from $1.50 to its present $6.76.
As I write this one thing dodgy is happening, with buying and selling quantity spiking on March eleventh to $52 million.
That’s up from a median of about $3 to $6 million day by day over the previous two months.
Outdoors of the final crypto market pump, why is that this occurring?
Definitely it’s bought nothing to do with iHub World, who so far don’t actually have a useful web site.
HNT token itself is simply as ineffective as ever, and there have been no important bulletins by Helium Community. A minimum of nothing that’d trigger a $50+ million 24 hour buying and selling spike.
That leaves us with good ol’ manipulation.
HNT is actually a home of playing cards, that can collapse as soon as those that’ve been hoarding it money out.
In that sense it’s no completely different to another shitcoin on the market. The one cause I’ve bothered to analyze is HNT going up in worth is iHub World’s main advertising pitch.
Enroll, purchase a “cash machine” as Chuck Hanson refers back to the miners, accumulate HNT (quoted common of 3000 HNT yearly per miner)… one thing one thing token manipulation, money out.
Whether or not you wish to get in on that’s as much as you, I’m simply offering details behind the advertising hype.
On the MLM aspect of issues iHub World’s main concern is everyone seems to be an affiliate.
The FTC classifies MLM firms with out retail gross sales as pyramid schemes.
One plus is I noticed no point out of the optionally available $99 annual payment being commissionable, so at the least there’s that.
Replace nineteenth March 2021 – Chuck Hanson has confirmed the $99 payment is just not commissionable. /finish replace
One obtrusive destructive is the barrier-to-entry of six recruits to entry MLM commissions.
I don’t have any official figures to quote however it’s an open secret that most individuals who signal as much as MLM alternatives don’t recruit anyplace close to six folks.
Why this issues is, and I feel this is perhaps true for many of iHub World’s associates, you’re solely holding 50% of mined HNT.
In the event you can’t recruit six, who need to recruit one other 1 to five every so as so that you can make up the remaining 50% HNT distinction, you’d merely be higher off working your individual HNT mining {hardware} outdoors of iHub World.
With all commissions tied to recruitment iHub World’s enterprise mannequin stays out of regulatory compliance.
The fast repair to that is reducing off free associates from commissions, making them retail prospects.
I feel the problem iHub World faces with that call although is Emrit and Cal Chip promoting near-identical mining {hardware}.
Why share mined HNT with an MLM firm when you possibly can simply purchase the miners your self and maintain 100% of the mined tokens?
Glad I’m not the one who’ll need to work that one out. Strategy with warning.