SolHeist fails to provide ownership or executive information on its website.
In SolHeist marketing videos, an AI robo avatar named “Sol Professor” represents the company.
In addition to being incredibly stupid, this is an immediate red flag. AI robo avatars are typically used by scammers to hide their involvement in fraudulent schemes.
SolHeist has two known website domains:
- solheist.io – privately registered on March 17th, 2024
- solheist.org – privately registered on March 17th, 2024
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
SolHeist’s Products
SolHeist has no retailable products or services.
Affiliates are only able to market SolHeist affiliate membership itself.
SolHeist’s Compensation Plan
SolHeist affiliates solana (SOL) into SolHeist and Crew tokens.
This is done on the promise of a passive ROI:
- invest $1 or more into SolHeist tokens and receive 140% over 60 days plus 4000% over 2 years (note that the originally invested SolHeist tokens are locked for 2 years)
- invest $1 or more into Crew tokens and receive 140% over 12 months
SolHeist pays a referral commission on invested SOL down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 20%
- level 2 – 10%
- level 3 – 5%
Note that only 50% of earned referral commissions are paid out. The other 50% must be reinvested.
Joining SolHeist
SolHeist affiliate membership is free.
Full participation in the attached income opportunity requires a minimum $1 investment in SOL.
SolHeist Conclusion
There’s not much to an MLM shit token Ponzi scheme.
- non-insider investors invest in SolHeist and Crew tokens
- sometime over the next two years the scammers running SolHeist come up with a manufactured problem/excuse
- the scammers running SolHeist steal everyone’s money
- sorry for your loss
The only “heist” in SolHeist is getting gullible rubes to hand over SOL to be stolen.
Even without the inevitable manufactured problem/excuse premature collapse, SolHeist’s business model itself is fraudulent.
SolHeist is not registered with financial regulators, nor is there any verifiable source of external revenue. In classic Ponzi scheme fashion, withdrawals by the scammers running SolHeist and early investors are funded by later investors.
As to SolHeist’s tokens themselves, they cost about 0.01 SOL and ten minutes to create. Toss in the AI robo avatar marketing and SolHeist is pretty low-effort as far as MLM crypto scams go.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve SolHeist of ROI revenue, eventually prompting a collapse.
SolHeist marketing suggests the scam intends to launch on April 25th. This means the scammers running SolHeist and insiders have had a month or so to set themselves up to steal your money.
The math behind Ponzi schemes guarantees that when they inevitably collapse, the majority of participants lose money.