Swag additionally goes by simply Swag Mining and Swag Community.
Swag’s mother or father firm is introduced as Swag Ou (aka Swag Company), which seems to be an Estonian shell firm.
- Swag Mining (swagmining.com) – privately registered on Feb twenty sixth 2020, Italian internet hosting
- Swag (swagyourlife.com) – first registered in 2019, area registration at present personal and final up to date in June 2020, Italian internet hosting
- Swag Company (swag-corporate.com) – privately registered in June 2020, Italian internet hosting
Swag’s web site defaults to Italian. This means whoever owns the corporate is on the very least of Italian origin, if not working the corporate out of Italy itself.
Supporting that is six of Swag’s present “finest promoters of the month” being from Italy. The opposite two are from Spain.
As above, Swag’s firm web sites had been registered by way of an Italian registrar and are hosted in Italy.
The one title featured on Swag’s web sites is Gabriele Stampa (proper).
Stampa is credited as
Co-Founding father of the primary and largest Italian mining farm and energetic member of the Scientific Board of Scrypta Fondation and Assocoin.
As per Stampa’s LinkedIn profile, he’s a Swag co-founder courting again to July 2019.
Stampa is predicated out of Florence in Italy, which is probably going the place the corporate is definitely being operated from.
Supporting that is the area registration for swagmining.com. Though the vast majority of registration particulars are “redacted for privateness”, we will see the registrant’s state and nation is LI, IT.
This stands for the province of Livorno in Italy. Livorno is a province within the Tuscany area of Italy. Florence is the capital of Italy’s Tuscany area.
Primarily based on his LinkedIn profile knowledge, Gabriele Stampa seems to be your typical crypto bro.
Stampa cites involvement in a lot of cryptocurrency tasks, none which seem to have gone anyplace.
Learn on for a full evaluate of Swag’s MLM alternative.
Swag’s Merchandise
Swag has no retailable services or products, with associates solely capable of market Swag affiliate membership itself.
Swag’s Compensation Plan
Swag associates make investments funds on the promise of marketed returns:
- Swag Pack 10 – make investments €100 EUR and obtain 2.5% a month
- Swag Pack 50 – make investments €500 EUR and obtain 3% a month
- Swag Pack 100 – make investments €1000 EUR and obtain 3.5% a month
- Swag Pack 250 – make investments €2500 EUR and obtain 4% a month
- Swag Pack 500 – make investments €5000 EUR and obtain 4.5% a month
- Swag Pack 1000 – make investments €10,000 EUR and obtain 5% a month
Notice I’ve additionally seen the above returns marketed as “bimonthly returns”. I consider this refers to Swag associates are solely capable of withdraw each two months.
What I do know is that nothing is paid out the primary month of funding. Return calculation begins from the second month.
Each two months Swag associates are required to pay an undisclosed charge to maintain their funding rolling.
Referral Commissions
Swag associates earn a referral fee on charges paid by recruited associates.
Recruited associates look like tracked by way of a unilevel compensation construction, tracked down at unknown variety of ranges.
A unilevel compensation construction locations an affiliate on the high of a unilevel staff, with each personally recruited affiliate positioned straight beneath them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel staff.
If any stage 2 associates recruit new associates, they’re positioned on stage 3 and so forth and so forth down a theoretical infinite variety of ranges.
I couldn’t discover a particular payout proportion. An instance I got here throughout in a advertising presentation nevertheless acknowledged that ten renewal charge funds on common equated to 0.0151 BTC in referral commissions.
From this we will surmise the typical referral fee charge is 0.00151 BTC on every renewal charge paid.
Notice that renewal charges are due each two months. As such referral commissions are additionally paid each two months.
Becoming a member of Swag
Swag associates are charged an annual charge.
This charge just isn’t disclosed on any of Swag’s web sites.
What I can verify, primarily based on Swag internet affiliate marketing displays, is the extra an affiliate spends after they enroll the upper their revenue potential:
Conclusion
Swag is your typical MLM crypto Ponzi scheme.
Associates make investments funds on the promise of a month-to-month return, which is paid out of subsequently invested funds.
If Swag was really producing ROI income by way of mining, there’d be no want for Estonian shell firms and company secrecy. Swag would even be registered with CONSOB, Italy’s SEC equal.
Swag can be not registered with the CNMV in Spain, that means at a minimal it’s committing securities fraud in its two main investor markets.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up, so too will new funding.
It will starve Swag of ROI income, finally prompting a collapse.
The mathematics behind Ponzi schemes ensures that after they collapse, the vast majority of individuals lose cash.
Three further notes:
Firstly, Swag is at present being primarily promoted in Italy and Spain. In the event you’re approached about Swag outdoors of those nations, it’s doubtless recruitment has tanked and also you’re being groomed as a bagholder.
Swag manages transactions from Swaggy, an app-based inside change. This can be a central level of failure and might go down at any time when Gabriele Stampa determined to exit-scam.
On that word, a crypto bro venture in Stampa’s LinkedIn profile that caught my eye was TrueBitcoin.
Stampa claims he based TrueBitcoin in July 2020.
Quick ahead seven months later and, in line with TrueBitcoin’s web site, it isn’t launching for one more 22 days.
In line with TrueBitcoin’s web site;
We’re creating a brand new cryptocurrency minted with care and in uncommon metals integrating a robust element of Hello-Tech techniques.
Will probably be related to the net and to the blockchain from which it is going to purchase unprecedented qualities and new ranges of management and safety.
Now we have reinvented bitcoin and you should utilize it like another forex.
Will probably be like having a treasure in your pocket.
The primary cryptocurrency in historical past that by way of the Blockchain will have the ability to assume precisely the worth of the bitcoins it represents.
A shitcoin that represents a certain quantity of bitcoin. So why wouldn’t you utilize precise bitcoin?
As a result of that is peak “BUH MUH BLOCKCHAIN!”, that’s why.
Shock shock;
The precise function of TrueBitcoin is so Stampa can cease paying out bitcoin.
Nugatory TrueBitcoin might be dumped on Swag buyers as a substitute, permitting Stampa a clear exit when the time comes.
You know the way this ends.