Omega Digital provides no information about who owns or runs the company on its website.
Omega Digital’s website domain (“omega-digital.io”) was privately registered on April 12th, 2021.
Despite being in prelaunch, in a marketing video Omega Digital falsely claims it has
been around for five years and have paid out hundreds of millions of dollars in commissions without missing a beat.
In a Q&A marketing video the founder of Omega Digital is introduced as “Greg, the owner of AutoBTC”.
AutoBTC Builder is a bitcoin Ponzi cycler, launched in 2018 by founder Greg Aggesen (right).
Prior to launching AutoBTC Aggesen was promoting the twice collapsed JetCoin Ponzi scheme.
According to his personal Facebook profile, Aggesen resides in New York. He describes himself as an “entrepreneur, business & marketing consultant (and) cryptocurrency enthusiast”.
Alexa traffic rankings show a steady decline in visitors to AutoBTC’s website over the last six months.
This has likely prompted Aggesen to launch Omega Digital.
Read on for a full review of Omega Digital’s MLM opportunity.
Omega Digital’s Products
Omega Digital has no retailable products or services, with affiliates only able to market Omega Digital affiliate membership itself.
Omega Digital’s Compensation Plan
Omega Digital affiliates invest bitcoin on the promise of “up to 45%” a month ROI.
- OD1 – 0.002 BTC
- OD2 – 0.004 BTC
- OD3 – 0.008 BTC
- OD4 – 0.15 BTC
- OD5 – 0.03 BTC
- OD6 – 0.06 BTC
- OD7 – 0.1 BTC
- OD8 – 0.25 BTC
- OD9 – 0.5 BTC
- OD10 – 1 BTC
- OD11 – 2 BTC
- OD12 – 3 BTC
Once an Omega Digital investment package reaches 200%, reinvestment is required.
Note that commissions detailed below count towards the calculated 200% ROI.
Referral Commissions
Omega Digital affiliates earn 10% of bitcoin invested by personally recruited affiliates.
Residual Commissions
Omega Digital pays residual commissions via a binary compensation structure.
A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).
Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.
Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note there is no limit to how deep a binary team can grow.
At the end of each day Omega Digital tallies up new investment volume on both sides of the binary team.
Affiliates are paid a percentage of funds invested on their weaker binary team side.
How much of a percentage is paid out is determined by how much an Omega Digital affiliate has invested:
- invest at OD1 and receive a 5% residual commission rate
- invest at OD2 and receive a 6% residual commission rate
- invest at OD3 and receive a 7% residual commission rate
- invest at OD4 and receive an 8% residual commission rate
- invest at OD5 and receive a 9% residual commission rate
- invest at OD6 and receive a 10% residual commission rate
- invest at OD7 and receive an 11% residual commission rate
- invest at OD8 and receive a 12% residual commission rate
- invest at OD9 and receive a 13% residual commission rate
- invest at OD10 and receive a 14% residual commission rate
- invest at OD11 and receive a 15% residual commission rate
- invest at OD12 and receive a 20% residual commission rate
Once paid out on volume is matched against the stronger binary team side and flushed.
Any leftover volume on the stronger binary team side carries over.
To qualify for residual commissions, each Omega Digital affiliate must recruit two affiliate investors.
These affiliates must be placed one on each side of the binary team.
Joining Omega Digital
Omega Digital affiliate membership is free.
Full participation in the attached income opportunity requires an initial 0.002 to 3 BTC investment.
Conclusion
Omega Digital represents it
utilizes the services of top traders, top trading platforms, as well as the very best artificial intelligence available to mankind to make mega profits.
There is no evidence of any trading activity taking place. Nor the use of any other external revenue source being used to generate revenue.
Furthermore Omega Digital offers a passive investment opportunity. When an MLM company solicits investment on the promise of a passive return, this constitutes a securities offering.
Being a US resident, Greg Aggesen is required to register himself and Omega Digital with the SEC.
A search of the SEC’s Edgar database reveals neither Aggesen or Omega Digital are registered to offer securities in the US.
At the time of publication Alexa ranks the US as the only significant source of traffic to Omega Digital’s website (83%).
Offering unregistered securities is illegal. So is promotion of unregistered securities by US residents and/or to US residents.
Of more pressing concern to potential Omega Digital investors is that the company is a continuation of the AutoBTC cycler Ponzi scheme.
The only verifiable source of revenue entering Omega Digital is new investment.
If we accept the fact Omega Digital is not engaged in trading, here’s the flow of money within the scheme:
50% of your package amount will go into the OD
Trading BotPonzi scheme! 50% will go into the OD Compensation Plan.
As with all MLM Ponzi schemes, once affiliate recruitment tanks so too will new investment.
This will starve Omega Digital of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of investors lose money.
If we take Omega Digital’s claim that presumably AutoBTC “paid out hundreds of millions of dollars in commissions” at face value (strange that a BTC cycler quotes USD commissions), these are losses attributable to an unknown number of victims.
Once “leaders” have their followers in place (many of whom seem to be QuibitLife victims), the same process will occur through Omega Digital.