iQuandex’s web site is at the moment only a login web page.
A hyperlink to iQuandex’s official YouTube channel is offered, that includes advertising movies in Russian.
iQuandex’s web site area (“iquandex.com”) was registered on March 18th, 2020.
Abrarov Rinat Fanozovich is listed because the proprietor, by way of an tackle in Tatarstan, Russia.
When you punch “Abrarov Rinat Fanozovich” into Google, there are actually no outcomes. Thus whether or not Fanozovich is an precise individual stays unclear.
iQuandex’s advertising materials options Denis Derkach, who is outwardly an “worldwide cryptoexpert”.
Derkach’s Fb profile states he’s from Russia however lives in California.
Derkach’s Fb feed is filled with presents like this;
Begin making nothing lower than $15k $350k BTC weekly buying and selling Bitcoin underneath my supervision.
Derkach’s Fb account was solely created on August sixteenth, 2020, which is fairly suspect.
On his energetic VKontakte profile, Derkach cites his present metropolis as Moscow, Russia. Why he’s pretending to stay in California on Fb is unclear.
Up till late June 2020 or so Derkach was selling Kannaway. Going again to 2017, Derkach was selling the BitClub Community Ponzi scheme.
Going again additional to 2016, Derkach was selling Vizionary, one other MLM crypto Ponzi scheme.
On the time of publication Alexa ranks Kazakhstan as the one notable supply of visitors to iQuandex’s web site (60%).
As all the time, if an MLM firm shouldn’t be brazenly upfront about who’s operating or owns it, assume lengthy and exhausting about becoming a member of and/or handing over any cash.
iQuandex’s Merchandise
iQuandex has no retailable services or products, with associates solely capable of market iQuandex affiliate membership itself.
iQuandex’s Compensation Plan
iQuandex associates pay a price, which determines how a lot cash they will place underneath the management of iQuandex’s “iQ Bot”.
Funds are positioned underneath the management of iQ Bot on the promise of marketed returns:
- pay $25 to have the ability to make investments $250 to $1500 on the promise of a 110% ROI
- pay $250 to have the ability to make investments $250 to $1500 on the promise of a 150% ROI
- pay $750 to have the ability to make investments $200 to $5500 on the promise of a 150% ROI
- pay $1500 to have the ability to make investments $7500 to $15,000 on the promise of a 150% ROI
- pay $5000 to have the ability to make investments $20,000 to $60,000 on the promise of a 160% ROI
Notice that the primary choice is simply accessible to new iQuandex associates and might solely be used as soon as.
There doesn’t seem like a set time period for iQuandex funding.
As soon as the marketed return has been paid, an iQuandex affiliate should as soon as once more pay the complete membership price to reinvest.
iQuandex’s Affiliate Ranks
There are ten affiliate ranks inside iQuandex’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Bronze – generate $1000 in downline funding quantity
- Silver – generate $3000 in downline funding quantity
- Gold – generate $10,000 in downline funding quantity
- 1 Star – generate $30,000 in downline funding quantity
- 2 Stars – generate $80,000 in downline funding quantity
- 3 Stars – generate $240,000 in downline funding quantity
- Diamond – generate $720,000 in downline funding quantity
- Pink Diamond – generate $2,180,000 in downline funding quantity
- Blue Diamond – generate $6,500,000 in downline funding quantity
- Grand Blue Diamond – generate $20,000,000 in downline funding quantity
Recruitment Commissions
iQuandex pays commissions on the recruitment of recent associates.
Recruitment fee charges are primarily based on how a lot the recruiting affiliate has paid in membership charges.
- pay $25 or $250 in membership charges and obtain 8% on recruited associates
- pay $750 or $1500 in membership charges and obtain 10% on recruited associates
- pay $5000 in membership charges and obtain 12% on recruited associates
A $100 recruitment bonus is paid if a brand new iQuandex affiliate recruits two $250 or greater tier associates inside their first 72 hours.
This bonus is elevated to $150 if three associates are recruited.
Residual Binary Commissions
iQuandex pays residual commissions on preliminary charges paid through a binary compensation construction.
A binary compensation construction locations an affiliate on the high of a binary workforce, break up into two sides (left and proper):
The primary degree of the binary workforce homes two positions. The second degree 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 degree housing twice as many positions because the earlier degree.
Positions within the binary workforce are stuffed through direct and oblique recruitment of associates. Notice there is no such thing as a restrict to how deep a binary workforce can develop.
Gross sales quantity throughout the binary workforce primarily based on how a lot associates positioned inside the workforce pay in membership charges.
- a $25 price recruited affiliate generates 10 factors
- a $250 price recruited affiliate generates 100 factors
- a $750 price recruited affiliate generates 300 factors
- a $1500 price recruited affiliate generates 600 factors
- a $500 price recruited affiliate generates 1200 factors
Keep in mind binary workforce associates will be instantly or not directly recruited.
On the finish of every day iQuandex tallies up new price quantity on each side of the binary workforce.
Associates are paid $25 per 100 factors matched on each side of the binary workforce.
Residual Unilevel Commissions
iQuandex pays residual commissions on reinvestment charges 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 instantly underneath them (degree 1):
If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel workforce.
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.
iQuandex caps payable unilevel workforce ranges at ten.
What number of ranges residual commissions are paid on is decided by how a lot an iQuandex affiliate has paid in charges:
- pay $25 or $250 and obtain 5% on degree 1 (personally recruited associates)
- pay $750 and obtain 5% on ranges 1 to three
- pay $1500 and obtain 5% on ranges 1 to five
- pay $5000 and obtain 5% on ranges 1 to 10
Rank Achievement Bonus
iQuandex reward associates for qualifying at Bronze and better ranks with one-time bonuses:
- qualify at Bronze and obtain $50
- qualify at Silver and obtain $150
- qualify at Gold and obtain $500
- qualify at 1 Star and obtain $1000
- qualify at 2 Stars and obtain $3000
- qualify at 3 Stars and obtain $10,000
- qualify at Diamond and obtain $25,000
- qualify at Pink Diamond and obtain $60,000
- qualify at Blue Diamond and obtain $180,000
- qualify at Grand Blue Diamond and obtain $500,000
Becoming a member of iQuandex
iQuandex affiliate membership ranges from $25 to $5000.
As soon as the marketed return fee is paid out, an affiliate should pay one other membership price to proceed incomes.
The extra an iQuandex affiliate pays in charges, the upper their revenue potential.
Conclusion
iQuandex is a pyramid scheme connected to a buying and selling bot.
We’re a workforce that has created a dependable instrument for computerized cryptocurrency buying and selling: Bitcoin, Ethereum, Ripple, Tether, USDT.
New iQuandex associates enroll, paying those that recruited them. These new associates are then paid to recruit new associates, with nothing advertising or offered to retail clients.
Pay to play can also be evident, by means of greater charges paid leading to greater revenue potential.
Pay to play is a trademark of an MLM pyramid scheme.
Pyramid schemes are unlawful, so I simply wish to level out that no matter anything, iQuandex’s enterprise mannequin is fraudulent to start with.
iQuandex markets passive returns by way of their iQ Bot. It is a securities providing and, no matter whether or not iQuandex is run by individuals unknown, must be registered with monetary regulators.
iQuandex gives no proof it has registered its passive funding alternative, that means along with being a pyramid scheme, the corporate additionally commits securities fraud.
The best way these “you’re all the time accountable for your cash” buying and selling bot schemes work is full entry is signed over to individuals unknown.
Throughout nevertheless many accounts the bot homeowners have entry to, they will coordinate trades within the admin’s favor.
This doesn’t occur noticeably although till it’s time to exit-scam.
Within the meantime cash is shuffled between accounts the bot has entry to create the phantasm of buying and selling earnings (inside buying and selling).
When the time involves exit-scam (when pyramid recruitment slows down), the bots execute lop-sided trades with accounts underneath iQuandex’s management.
The vast majority of individuals take a loss and the admins disappear.
In conclusion the “you’re all the time accountable for your cash” pitch is a con.
If iQuandex’s homeowners truly had a bot able to producing constant 50% returns, they’d be quietly operating it for themselves.
Replace twenty first January 2021 – iQuandex has collapsed.
As predicted, Denis Derkach executed rigged trades throughout the platform a couple of week in the past. Affiliate investor funds had been promptly stolen.