MidasTrend gives no data on its web site about who owns or runs the corporate.
MidasTrend’s web site area (“midastrend.com”) was privately registered in April 2019.
Additional analysis reveals MidasTrend has sturdy ties to Brazil. Supporting that is MidasTrend’s web site defaulting to Portuguese and use of the Brazilian actual. Alexa additionally cites Brazil as the highest supply of site visitors to MidasTrend’s web site (99.4%).
Given this, whoever is operating MidasTrend is probably going based mostly out of Brazil itself.
As at all times, if an MLM firm just isn’t brazenly upfront about who’s operating or owns it, assume lengthy and arduous about becoming a member of and/or handing over any cash.
MidasTrend’s Merchandise
MidasTrend has no retailable services or products, with associates solely in a position to market MidasTrend affiliate membership itself.
MidasTrend’s Compensation Plan
MidasTrend associates make investments Brazilian reals on the promise of marketed returns.
- Bot 1 – make investments R$130 and obtain R$380
- Bot 2 – make investments R$380 and obtain R$800
- Bot 3 – make investments R$800 and obtain R$1300
- Bot 4 – make investments R$1300 and obtain R$3000
- Bot 5 – make investments R$3000 and obtain R$8000
- Bot 6 – make investments R$8000 and obtain R$80,000
Be aware MidasTrend doesn’t present a timeline for return completion.
Residual commissions on invested funds are paid each by way of binary and 5×6 matrix compensation buildings.
Residual Commissions (binary)
A binary compensation construction locations an affiliate on the prime of a binary group, cut up into two sides (left and proper):
The primary stage of the binary group homes two positions. The second stage of the binary group is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary group are generated as required, with every new stage housing twice as many positions because the earlier stage.
Positions within the binary group are stuffed by way of direct and oblique recruitment of associates. Be aware there is no such thing as a restrict to how deep a binary group can develop.
On the finish of every day MidasTrend tallies up new funding quantity on each side of the binary group.
Associates are paid 10% of funds invested on their weaker binary group facet.
As soon as paid out on funds are matched with the stronger facet and flushed. Leftover quantity on the stronger binary group facet is carried over.
Residual Commissions (5×6 matrix)
A 5×6 matrix locations a MidasTrend affiliate on the prime of a matrix, with 5 positions straight underneath them:
These 5 positions kind the primary stage of the matrix. The second stage of the matrix is generated by splitting these 5 positions into one other 5 positions every (25 positions).
Ranges three to 6 of the matrix are generated in the identical method, with every new stage housing 5 occasions as many positions because the earlier stage.
Positions within the matrix are stuffed by way of recruitment of MidasTrend associates.
Every MidasTrend affiliate should pay a R$24.90 month-to-month charge. MidasTrend takes this charge and makes use of it to pay commissions on stuffed matrix positions as follows:
- R$0.50 per place stuffed on stage 1 (5 positions)
- R$1 per place stuffed on stage 2 (25 positions)
- R$1.50 per place stuffed on stage 3 (125 positions)
- R$2 per place stuffed on stage 4 (625 positions)
- R$2 per place stuffed on stage 5 (3125 positions)
- R$3 per place stuffed on stage 6 (15,625 positions)
Residual matrix commissions are paid month-to-month, for so long as associates within the matrix proceed to pay their $R24.90 month-to-month charge.
Becoming a member of MidasTrend
MidasTrend affiliate membership is R$24.90 a month.
Full participation within the connected earnings alternative requires an extra R$130 to R$8000 funding.
Conclusion
MidasTrend represents it generates exterior income by way of “BotMidas”.
Meet BOTMIDAS, a excessive efficiency software program (robotic) that does the metric evaluation for you.
With the results of nice partnerships that MIDASTREND has around the globe.
This product brings you a singular alternative, the place our robotic will function with assertiveness and in a custom-made approach, offering extraordinary outcomes each day.
BotMidas is supposedly a buying and selling bot, constructed with “state-of-the-art Asian know-how”, though what BotMidas supposedly trades just isn’t disclosed.
In any occasion, there is no such thing as a proof of BotMidas truly current. Neither is there any proof of MidasTrend utilizing BotMidas income or another exterior income to pay associates.
Moreover, being a passive funding alternative, MidasTrend’s alternative constitutes a securities providing.
Securities in Brazil are regulated by the Brazilian SEC. MidasTrend gives no proof it has registered itself with the Brazilian SEC.
Thus at a minimal, MidasTrend is committing securities fraud in its largest investor market.
Of extra fast concern for potential traders, is that MidasTrend’s solely supply of verifiable income is new funding.
Utilizing new funding to pay current associates a return makes MidasTrend a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dies down so too will new funding.
This may starve MidasTrend of recent return income, ultimately prompting a collapse.
The maths behind Ponzi schemes ensures that once they collapse, the vast majority of traders lose cash.
Replace sixteenth April 2020 – MidasTrend reportedly stopped paying returns final November.
Earlier this week firm President Devanir dos Santos (proper), knowledgeable affiliate traders the corporate had been hacked.
BehindMLM printed an article confirming MidasTrend’s “we received hacked!” exit-scam collapse earlier right this moment.
Replace eleventh Might 2020 – It appears Devanir dos Santos isn’t accomplished scamming individuals simply but.
On April twenty third Brazilian media outlet Livecoins reported dos Santos’ Midas 2.0 announcement.
This time, the promise is to create two firms, which can pay clients, the principle one being Midas Development 2.0.
The corporate was imagined to launch on April twenty seventh. I haven’t been in a position to affirm whether or not it truly did or not.
I had supposed to publish an up to date MidasTrend 2.0 overview. I checked MidasTrend’s web site and the enterprise mannequin on there is similar as the unique MidasTrend.
Pending additional data and/or affirmation dos Santos truly launched a reload rip-off, I’m leaving issues there.