Steady Swap fails to supply possession or govt particulars on its web site.
Steady Swap’s web site area (“stableswap.reside”), was privately registered on October twenty sixth, 2023.
A hyperlink on Steady Swap’s web site takes us to its official YouTube channel.
There we discover movies in Taglish, a mix of Tagalog and English. Taglish is primarily used within the Philippines.
Steady Swap advertising movies are hosted by Pat Gallardo:
Gallardo has his personal YouTube channel, on which Steady Swap advertising movies have additionally been uploaded.
Earlier than Steady Swap, circa September 2023, Gallardo was selling Swych.
That appears to have lasted about 5 months. The primary Steady Swap advertising went up on January ninth, 2024.
As of March 2024, SimilarWeb tracked high sources of visitors to Steady Swap’s web site because the Philippines (71%) and Australia (23%).
As at all times, if an MLM firm just isn’t brazenly upfront about who’s working or owns it, assume lengthy and onerous about becoming a member of and/or handing over any cash.
Steady Swap’s Merchandise
Steady Swap has no retailable services or products.
Associates are solely in a position to market Steady Swap affiliate membership itself.
Steady Swap’s Compensation Plan
Steady Swap associates make investments USD equivalents in cryptocurrency.
That is completed on the promise of marketed returns:
- Brief Time period – as much as 0.1% a day for 60 days
- Medium Time period – as much as 0.2% a day for 120 days
- Lengthy Time period – as much as 0.35% a day for 300 days
Be aware that Steady Swap don’t specify a minimal funding quantity.
The MLM facet of Steady Swap pays on recruitment of affiliate traders.
Referral Commissions
Steady Swap pays referral commissions on invested cryptocurrency down three ranges of recruitment (unilevel):
- degree 1 (personally recruited associates) – 5%
- degree 2 – 2%
- degree 3 – 1%
ROI Match
Steady Swap pays a ten% match on dails returns paid to personally recruited associates.
Becoming a member of Steady Swap
Steady Swap affiliate membership is free.
Full participation within the hooked up revenue alternative requires an funding in cryptocurrency.
Steady Swap solicits funding in tether (USDT) and USD Coin (USDC).
Steady Swap Conclusion
Steady Swap represents it generates exterior income by way of “price sharing”.
We provide engaging APRs (Annual Proportion Charges) and Referral Rewards by way of our enterprise mannequin, which is predicated on price sharing.
No verifiable proof of Steady Swap utilizing charges of any type of any variety to pay ROI withdrawals is offered.
An instance of a verifiable proof could be audited monetary reviews filed with monetary regulators in international locations Steady Swap solicits funding in.
Primarily based on its web site visitors, this might be the Philippines SEC and Australian Securities and Investments Fee (ASIC).
Steady Swap fails to supply proof it has registered with both, which means the corporate is committing securities fraud.
That is primarily based on Steady Swap’s passive returns funding alternative, which in any nation with a regulated monetary market constitutes a securities providing.
As a substitute of registering with monetary regulators and offering audited monetary reviews, Steady Swap gives up baloney about “Topjuan Tech”.
First off legitimacy by way of affiliation isn’t a factor. Topjuan Tech doesn’t absolve Steady Swap from its authorized necessities with respect to securities legislation.
Secondly, Topjuan Tech isn’t registered with the Philippine SEC.
Topjuan Tech operates from the area “topwallet.ph”. I can’t inform you when the area was registered as a result of the registrar’s web site is down at time of publication (“dot.ph”).
Nonetheless by way of High Pockets, Topjuan Tech gives service provider fee processor providers.
Because it stands, the one verifiable income getting into Steady Swap is new funding.
Utilizing new funding to pay ROI withdrawals would make Steady Swap a Ponzi scheme. With nothing marketed or offered to retail clients, the MLM facet of Steady Swap moreover operates as a pyramid scheme.
Such to the extent any relationship between TopJuan Tech and Steady Swap exists, it seems to solely be for cash laundering functions.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
It will starve Steady Swap of ROI income, ultimately prompting a collapse.
The maths behind Ponzi schemes ensures that after they collapse the vast majority of members lose cash.