IX Pockets operates within the cryptocurrency MLM area of interest.
The corporate claims its “workforce” works from the US, China and Israel.
Heading up IX Pockets is Yang Li, Sergey Storojuk and William Clark.
Yang Li’s and William Clark’s names are too generic to analysis and confirm an MLM historical past.
Sergey Storojuk doesn’t seem to exist outdoors of IX Pockets advertising, which I’m flagging as extremely suspicious.
Take the supplied IX Pockets company bios above with a grain of salt.
Learn on for a full assessment of IX Pockets’s MLM alternative.
IX Pockets’s Merchandise
IX Pockets has no retailable services or products, with associates solely capable of market IX Pockets affiliate membership itself.
IX Pockets’s Compensation Plan
IX Pockets associates make investments bitcoin, bitcoin money and/or ethereum on the promise of marketed returns.
- Cat 1 – make investments 0.15 to 0.1 BTC, 0.25 to 1.75 BCH or 0.5 to three ETH and obtain a 9% month-to-month ROI
- Cat 2 – make investments 0.1 to 0.5 BTC, 1.75 to eight.5 BCH or 3 to fifteen ETH and obtain a 12% month-to-month ROI
- Cat 3 – make investments 0.5 to 1.85 BTC, 8.5 to 33.5 BCH or 15 to 60 ETH and obtain a 15% month-to-month ROI
- Cat 4 – make investments a minimum of 1.85 BTC, 33.5 BCH or 60 ETH and obtain an 18% month-to-month ROI
IX Pockets funding is transformed into IX tokens, which the corporate sells to associates at an arbitrary inside worth.
Month-to-month returns are primarily based on and in addition paid in IX tokens.
Referral Commissions
IX Pockets pays referral commissions by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel workforce, with each personally recruited affiliate positioned straight below 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.
Referral commissions are paid on funds invested throughout the unilevel workforce as follows:
- Rank I – keep a minimal 0.03 BTC, 0.5 BCH or 1 ETH funding quantity and earn 100% on stage 1 and 10% on ranges 2 to 10
- Rank II – generate $125,000 in complete unilevel workforce funding quantity and earn 100% on stage 1, 10% on ranges 2 to 10 and 6% from stage 11
- Rank III – generate $250,000 in complete unilevel workforce funding quantity and earn 100% on stage 1, 10% on ranges 2 to 10 and 10% from stage 11
- Rank IV – have a minimum of two Rank III associates in ranges 1 and/or 2 of your unilevel workforce and earn 100% on stage 1, 10% on ranges 2 to 10 and 14% from stage 11
- Rank V – have a minimum of two Rank IV associates in ranges 1 and/or 2 of your unilevel workforce and earn 100% on stage 1, 10% on ranges 2 to 10 and 18% from stage 11
Becoming a member of IX Pockets
IX Pockets affiliate membership is free.
Full participation within the connected MLM alternative nonetheless requires a minimal 0.15 BTC, 0.25 BCH or 0.5 ETH funding.
Conclusion
IX Pockets is yet one more entry into the cell app pockets MLM area of interest.
The MLM app mannequin is straightforward sufficient:
- create a nugatory token (usually ERC-20)
- connect it to an funding alternative
- promote tokens you generate on demand for fiat/cryptocurrency
- pay returns in tokens
- make up the worth of the token as you go alongside
- honor withdrawal requests till it’s time to exit-scam (withdrawals exceed new funding)
IX Pockets represents it generates exterior income by way of an arbitrage bot.
Whether or not the bot does or doesn’t exist is irrelevant, given IX Pockets present no proof of exterior income of any sort being really used to fund affiliate withdrawals.
Moreover IX Pockets has didn’t register its passive funding alternative with monetary regulators.
Which means at a minimal IX Pockets, it’s administration and associates are committing securities fraud in any nation its promoted in.
Registering with monetary regulators, as is legally required, would require IX Pockets to reveal exterior income sources with documentation.
Within the absence of this, the one verifiable income coming into IX Pockets is new funding.
As soon as affiliate recruitment runs dry, so too will new funding.
It will starve IX Pockets of latest funding, ultimately prompting a collapse.
The mathematics behind Ponzi schemes ensures that once they collapse, nearly all of traders lose cash.
One final thing I wish to contact on; IX Pockets’s web site area was registered in Could 2019.
Presumably the precise web site went dwell shortly someday thereafter.
As I write this IX Pockets are utilizing BitConnect’s BCC ticker image for Bitcoin Money (BCH) – each on their web site and of their advertising materials.
However uh yeah, IX Pockets’s administration are complete geniuses capable of maintain 10% month-to-month returns by way of cryptocurrency arbitrage.
IX WALLET is dropped at you by the Administration and Growth Group behind such tasks as Stratis ICO, Binance and BNCEX, a workforce of people nicely skilled to create an actual safe Decentralized Financial institution.
Riiiiiiiiiiigh……..t