Matt Bot AI operates from the area “mtai.vip”.
The area was registered with incomplete bogus data on December thirtieth, 2020.
On the time of publication Matt Bot AI’s web site is nothing greater than an affiliate login web page, offered in default Chinese language:
English is a selectable choice, which brings us to Matt Bot AI’s promotion.
Matt Bot AI is primarily promoted to English-speaking potential buyers by way of 10X Crypto Merchants.
On Meetup 10X Merchants is predicated out of California and represented by a bunch of 929 members.
The organizer of the group is Cliff Townsend:
As above, Townsend’s Meetup profile locations him in Florida.
Exterior of 10X Crypto Merchants, Townsend doesn’t have a lot of a digital footprint.
On this absence of official advertising and marketing materials supplied, this overview depends on Matt Bot AI shows uploaded to 10X Crypto Merchants’ YouTube channel.
As all the time, if an MLM firm isn’t overtly upfront about who’s working or owns it, suppose lengthy and exhausting about becoming a member of and/or handing over any cash.
Matt AI Bot’s Merchandise
Matt AI Bot has no retailable services or products, with associates solely capable of market Matt AI Bot affiliate membership itself.
Matt Bot AI’s Compensation Plan
Matt Bot AI associates pay an annual payment for entry to a cryptocurrency buying and selling bot.
Cryptocurrency is positioned below management of Matt Bot AI, with 10X Crypto Merchants touting 10% to 30% passive month-to-month returns.
Matt Bot AI’s nameless admins take a 20% payment of worthwhile trades made by the bot.
The MLM facet of Matt Bot AI sees associates paid to recruit new associates.
Commissions are paid as a proportion of annual charges paid by recruited Matt Bot AI associates.
Matt Bot AI Affiliate Ranks
There are six affiliate ranks inside Matt Bot AI’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- One Star – join as a Matt Bot AI affiliate
- Two Star – recruit three associates and have fifty associates in your downline
- Three Star – recruit 5 associates, have a Two Star in three particular person legs and have a downline of 200 associates
- 4 Star – recruit ten associates, have a Three Star in three particular person legs and have a downline of 5 hundred associates
- 5 Star – recruit twenty associates, have a 4 Star in three particular person legs and have a downline of 1 thousand associates
- Accomplice – recruit thirty associates, have a 5 Star in three particular person legs and have a downline of two thousand associates
Word that “legs” refers to unilevel legs. Every personally recruited affiliate generates a brand new unilevel staff leg.
In an effort to rely in direction of qualification standards, recruited associates have to be present with annual payment cost.
Recruitment Commissions
Matt Bot AI associates earn a proportion of charges paid by personally recruited associates:
- One Stars earn 30%
- Two Stars earn 40%
- 4 Stars earn 50%
- 5 Stars earn 65%
- Companions earn 70%
Residual Commissions
Matt Bot AI’s admins take a 20% minimize of any worthwhile trades made by the bot.
As much as 60% of this 20% collected payment is used to pay residual commissions.
- One Stars earn a 20% residual fee price
- Two Stars earn a 30% residual fee price
- Three Stars earn a 40% residual fee price
- 4 Stars earn a 50% residual fee price
- 5 Stars earn a 55% residual fee price
- Companions earn a 60% residual fee price
Residual commissions are coded and tracked by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel staff, 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 staff.
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.
The way in which coded residual commissions are paid is the distinction between ranks.
E.g. You’re a 4 Star and a Two Star you’ve recruited recruits a brand new Matt Bot AI affiliate.
The Two Star is paid their 30% residual fee price. Since you’re a 4 Star, you might be paid the distinction between your price and that of Two Star (50% – 30% = 20% paid out).
Of the utmost 60% paid on all 20% admin charges collected, 10% stays to be paid out (the Accomplice 60% price minus your 50% price).
The system searches additional upline for both a 5 Star or Accomplice ranked affiliate.
If a 5 Star is discovered first, they’re paid 5% (55% – 50%). The remaining 5% is paid to the primary upline Accomplice ranked affiliate discovered.
If a Accomplice is discovered first, they’re paid the total 10% excellent residual fee.
Word that nothing is handed up when a Accomplice affiliate is discovered. Be it a direct or coded residual fee, Companions are all the time paid the total 60% or what’s left of 60% to be paid out.
Becoming a member of Matt Bot AI
Matt Bot AI affiliate membership is $150 yearly, paid in tether (USDT).
Conclusion
Matt Bot AI makes use of the usual MLM crypto buying and selling bot securities fraud enterprise mannequin.
Possession particulars aren’t supplied, as a result of securities fraud is unlawful the world over.
The MLM facet of Matt Bot AI is pyramid recruitment, as 100% of commissions paid out are tied to recruitment and cost of $150 annual affiliate charges.
With respect to Matt Bot AI as a buying and selling bot, it ought to be famous that 70% of the $150 paid for entry to it’s recycled to pay commissions.
That leaves $45 paid for the bot yearly.
For those who had a buying and selling bot able to legitimately producing a constant 10% to 30% a month, would you promote entry to it for $45 a yr?
As a part of my analysis into Matt Bot AI, I famous at one time makes an attempt to entry the area homepage threw a “white label” error.
This error has since been rectified. Matt Bot AI’s area homepage now redirects to a parked message.
This means Matt Bot AI is only a white label buying and selling bot script purchased from a third-party.
Potential Matt Bot AI associates ought to be cautious of social media buying and selling outcomes “proof”. This isn’t an alternative to audited monetary stories.
Matt Bot AI additionally fails to reveal any details about its bot to associates, once more in violation of securities regulation.
Usually pseudo-compliance sees buying and selling bot scammers fake they aren’t promoting a passive funding scheme.
This isn’t the case with 10X Crypto Merchants’ promotion of Matt Bot AI.
[28:47] So Princess shared her story of sharing Matt Bot with a few individuals.
She earned ninety {dollars}, and she or he was then capable of switch these funds into her investing account.
Unbelievable technique. That’s the way you “10x” your earnings.
No matter whether or not the existence of a passive funding scheme is acknowledged, it’s there nonetheless.
Bear in mind, the place pooled funds are saved is irrelevant with respect to securities regulation and establishing an funding contract as per the Howey Take a look at.
If Matt Bot AI itself doesn’t lose investor funds by dangerous trades, the buying and selling bot exit-scam sees funds misplaced to admins by way of rigged trades.
A documented instance of this enjoying out on BehindMLM is iQuandex.
The rigged trades exit-scam is usually accompanied by excuses that don’t maintain as much as scrutiny.
As to who’s behind Matt Bot AI, as I write this Alexa pegs the US as the one notable supply of site visitors to its web site (37%).
This means that Cliff Townsend and 10X Crypto Merchants may very well be behind the scheme. Or alternatively individuals identified or unknown to Townsend, working elsewhere throughout the US.