Solmax World presents no knowledge on its site about who owns or runs the company.
The Solmax World site space (“solmaxglobal.com”) was privately registered on October 4th, 2017.
On the time of publication Alexa cites Pakistan as the primary provide of holiday makers to the Solmax World site (49%).
Because of this whoever is working Solmax World might be going primarily based out of Pakistan.
Based totally on Solmax World promoting and advertising supplies, one different probability is anyone residing inside the UK with sturdy hyperlinks to Pakistan.
As on a regular basis, if an MLM agency simply is not overtly upfront about who’s working or owns it, assume prolonged and exhausting about turning into a member of and/or handing over any money.
Solmax World Merchandise
Solmax World has no retailable companies or merchandise, with associates solely ready to market Solmax World affiliate membership itself.
The Solmax World Compensation Plan
Solmax World associates spend cash on “Equity Tokens”.
Equity Tokens look like some type of inside cryptocurrency token Solmax World have created.
Solmax World associates spend cash on Equity Tokens on the promoting and advertising illustration that they’re going to rise in price (by) 600% to 800%.
Solmax World pay commissions on direct and indirect recruitment of newest affiliate consumers.
When a model new Solmax World affiliate indicators up, they have to spend cash on one in every of many following packages:
- Major – £100 GBP
- Starter – £250 GBP
- Authorities – £500 GBP
- Expert – £1000 GBP
- Premium – £2500 GBP
- Elite – £5000 GBP
- Supreme – £10,000 GBP
- Max – £25,000 GBP
Bear in mind that Solmax World do not current knowledge on what variety of Equity Tokens are provided at each funding tier.
Moreover observe that solely 66.6% of commissions paid out by Solmax World are withdrawable.
The remaining 33.3% are paid out proper right into a “shopping for and promoting account”, which presumably need to be spent on additional Equity Token funding.
Solmax World Affiliate Ranks
There are seven affiliate ranks all through the Solmax World compensation plan.
Along with their respective qualification requirements, they’re as follows:
- Affiliate – make investments on the Authorities or higher tier, persuade others to take a position at least £5600 GBP and recruit at least two Authorities or higher funding tier associates (one on each side of the binary crew)
- Authorities Affiliate – persuade others to take a position at least £32,000 GBP (min £8000 on one side of the binary crew) and personally recruit and preserve at least two Affiliate or higher ranked associates (one on both sides of the binary crew)
- Workers Chief – make investments on the Expert or higher tier, persuade others to take a position at least £64,000 GBP (min £32,000 on one side of the binary crew) and personally recruit and preserve at least three Authorities Affiliate or higher ranked associates (min one on both sides of the binary crew)
- Regional Supervisor – persuade others to take a position at least £160,000 GBP (min £64,000 on one side of the binary crew) and personally recruit and preserve at least three Workers Chief or higher ranked associates (min one on both sides of the binary crew)
- Regional Director – make investments on the Elite or higher tier, persuade others to take a position at least £400,000 GBP (min £160,000 on one side of the binary crew) and personally recruit and preserve at least 4 Regional Director or higher ranked associates (min two on both sides of the binary crew)
- Regional Vice President – persuade others to take a position at least £1,200,000 GBP (min £400,000 on one side of the binary crew) and personally recruit and preserve at least 5 Regional Director or higher ranked associates (min two on both sides of the binary crew)
- Senior Vice President – persuade others to take a position at least £6,400,000 GBP (min £1,200,000 on one side of the binary crew) and personally recruit and preserve six Regional Vice Presidents (min three on both sides of the binary crew)
Referral Commissions
Solmax World pays associates 10% of funds invested by personally recruited associates.
Residual Commissions
Solmax World pays residual commissions via a binary compensation building.
A binary compensation building places an affiliate on the prime of a binary crew, break up into two sides (left and correct):
The first diploma of the binary crew properties two positions. The second diploma of the binary crew is generated by splitting these first two positions into one different two positions each (4 positions).
Subsequent ranges of the binary crew are generated as required, with each new diploma housing twice as many positions as a result of the sooner diploma.
Positions inside the binary crew are crammed via direct and indirect recruitment of associates. Bear in mind there is no such thing as a such factor as a limit to how deep a binary crew can develop.
On the end of each week Solmax World tallies up new funding amount on both sides of the binary crew.
Associates are paid 10% of funding amount generated on their weaker binary crew side.
Leftover amount on the stronger side is carried forward into the subsequent week.
Matching Bonus
Solmax World pays a Matching Bonus via a unilevel compensation building.
A unilevel compensation building places an affiliate on the prime of a unilevel crew, with every personally recruited affiliate positioned immediately beneath them (diploma 1):
If any diploma 1 associates recruit new associates, they’re positioned on diploma 2 of the distinctive affiliate’s unilevel crew.
If any diploma 2 associates recruit new associates, they’re positioned on diploma 3 and so forth and so forth down a theoretical infinite number of ranges.
Solmax World caps payable unilevel crew ranges at twelve.
The Matching Bonus is paid out as a 2% match of referral and residual commissions paid to associates positioned inside these twelve ranges.
What variety of ranges the Matching Bonus is paid out on is about by how loads a Solmax World affiliate has invested:
- Major and Starter associates don’t qualify for the Matching Bonus
- Authorities associates qualify for the Matching Bonus on ranges 1 and a few
- Expert associates qualify for the Matching Bonus on ranges 1 to 4
- Premium associates qualify for the Matching Bonus on ranges 1 to 5
- Elite associates qualify for the Matching Bonus on ranges 1 to eight
- Supreme associates qualify for the Matching Bonus on ranges 1 to 10
- Max associates qualify for the Matching Bonus on all 12 ranges
That’s together with requiring each affiliate to have personally recruited at least two Authorities or higher funding tier associates (one positioned on both sides of the binary crew).
World Swimming swimming pools
Solmax World take 5% of company-wide funding amount and place it into three World Swimming swimming pools.
- Excessive Producer ranked associates receive a share in a 1% World Pool
- President ranked associates receive a share in a 2% World Pool
- Authorities ranked associates receive a share in a 2% World Pool
Of their compensation plan Solmax World defines a “Excessive Producer” as the best ten associates in each nation based mostly totally on “enterprise manufacturing”.
One can safely assume “enterprise manufacturing” correlates to downline funding.
To qualify for the President rank a Solmax World affiliate ought to make investments on the Elite or higher tiers.
The 2% Authorities World Pool is break up between six Solmax World affiliate ranks:
- Executives receive 6%
- Workers Leaders receive 10%
- Regional Managers receive 14%
- Regional Directors receive 18%
- Regional Vice Presidents receive 22%
- Senior Vice Presidents receive 30%
As per the above qualification requirements, the World Swimming swimming pools are paid to qualifying associates daily.
Rank Achievement Bonus
Solmax World rewards associates who qualify on the Affiliate and higher ranks as follows:
- Associates receive a Solmax World branded fountain pen
- Authorities Associates receive an Apple iPad Mini
- Workers Leaders receive an Apple iPhoneX
- Regional Managers, Regional Directors and Regional Vice Presidents receive a “automotive” at each rank
- Senior Vice Presidents receive a “residence purchase contribution”
Changing into a member of Solmax World
Solmax World affiliate membership is tied to a £100 to £25,000 GBP funding.
The additional an affiliate invests the higher their income potential via the Solmax World compensation plan.
Conclusion
Solmax World declare their Equity Tokens are backed by Igniter100.
Solmax Presents a worldwide different in referral promoting and advertising to those, who like to understand additional and dream additional.
We’re companion with Igniter100 to market its Equity Tokens and earn rewarding commissions.
Igniter100 has its private site, on which it claims it
presents funding and an offsite incubator setting by way of which promising FinTech startups can uncover the sources and devices wished to thrive.
Igniter100 depends out of the UK and headed up by COO Florian Krueger.
Based mostly on Krueger’s LinkedIn profile he’s
an expert board diploma govt with a worthwhile observe doc in method planning, enterprise & market development, product administration, product sales and contract negotiation.
Specialties provided on Krueger’s profile embody:
- DLT, Blockchain, Enterprise Construction, Large Data & Enterprise Intelligence, Agile Digital Transformation
- World Progress of Corporations and Markets, with cope with EMEA and the US
- Firm Method and
- Promoting, PR and communications
To what extent Krueger is or isn’t involved in Solmax World is unclear.
What isn’t disclosed on the Igniter100 site is the place the company sources its funding capital, or how loads it bills.
Regardless, as acknowledged inside the Solmax World compensation plan:
Igniter100 will share its earnings with Equity Token holders.
Because of this Igniter100 is a supposed provide of exterior earnings for Equity Tokens.
The Solmax World compensation plan moreover states that Equity Tokens “are tradeable on commerce”.
Equity Tokens aren’t publicly tradeable, so this means each Solmax World or Igniter100 are working an inside commerce.
From proper right here it’s the an identical outdated MLM Ponzi components model.
Solmax World associates make investments as a lot as £25,000 GBP a pop in Equity Tokens.
Each Solmax World or Igniter100 set the inside price of Equity Tokens.
As per irrespective of price is assigned at any given time, Solmax World associates are ready to cash out a ROI by way of an inside commerce.
The prolonged and the in want of it is Solmax World are accepting precise money for worthless tokens.
With a goal to point out Equity Token returns are funded by exterior earnings generated by way of Igniter100, Solmax World should register itself with the Financial Conduct Authority.
This might require them to file proof of audited accounting, proving that exterior earnings is getting used to pay associates.
On the time of publication neither Solmax World or Igniter100 are registered with the FCA.
Which implies at best, Solmax World is working as an illegal unregistered securities offering.
At worst Solmax World is using newly invested funds to honor Equity Token ROI withdrawals, which could make it a Ponzi scheme.
On prime of this an absence of a retail product means commissions paid out in Solmax World are tied to pyramid recruitment.
Sadly the FCA aren’t acknowledged for energetic regulation of unregistered securities MLM schemes.
Which implies it is far more most likely that Solmax World will expire by way of collapse.
The maths behind Ponzi schemes dictates that after they collapse, almost all of consumers lose money.
Exchange sixteenth October 2021 – Following withdrawal delays for months, Solmax World appears to have collapsed.
A reboot has been promised by the tip of the month.