Tibrix provides no information on its website about who owns or runs the company.
Tibrix claims to be
incorporated in the British Virgin Islands, with registration number 1962110, Since 2018.
The BVI is a tax-haven that allows scammers to hide behind shell companies to evade law enforcement.
There is no legitimate reason for an MLM company to be incorporated in the BVI, unless its operators are based locally.
Tibrix’s website domain (“tibrix.io”) was privately registered on April 22nd, 2020.
This means that despite the company’s claim it has been around since 2018 (sometimes 2017), Tibrix didn’t exist until a few months ago.
An official marketing slide claims Tibrix was founded by Albert Tjon, Koen Chan and Francisco Tjon.
Nothing comes up for Francisco Tjon but Albert Tjon and Koen Chan have LinkedIn profiles.
Both profiles appear to be created recently and only for the purpose of promoting Tibrix.
Outside of their respective LinkedIn profiles and Tibrix marketing, neither Tjon or Chan appear to exist.
As opposed to the BVI, it is far more likely that whoever is running Tibrix is based out of south-east Asia.
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.
Tibrix’s Products
Tibrix has no retailable products or services, with affiliates only able to market Tibrix affiliate membership itself.
Tibrix’s Compensation Plan
Tibrix affiliates invest in TBRX tokens, which the company sells via packages:
- TBRX-50 – $50 for 250 TBRX tokens
- TBRX-100 – $100 for 500 TBRX tokens
- TBRX-200 – $200 for 1000 TBRX tokens
- TBRX-500 – $500 for 2500 TBRX tokens
MLM commissions are paid on recruitment of new TBRX token investors.
An investment opportunity is also available, detailed under “Trading Packages” below.
Residual Commissions
Tibrix 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 Tibrix tallies up new investment volume on both sides of the binary team.
Residual commissions are paid as a percentage of funds invested across the binary team, tracked via pairs of affiliates.
I.e. one affiliate on the right and left makes a pair, of which a percentage of their invested funds is paid out as a residual commission.
Residual commission rates and daily caps are based on how much a Tibrix affiliate has invested:
- invest at TBRX-50 and receive a 7% residual commission rate capped at $50 a day
- invest at TBRX-100 and receive a 10% residual commission rate capped at $100 a day
- invest at TBRX-200 and receive a 12% residual commission rate capped at $200 a day
- invest at TBRX-500 and receive a 14% residual commission rate capped at $500 a day
Note that in order to qualify for residual commissions, each Tibrix affiliate must personally recruit two new affiliates (placed on on each side of the binary team).
Increased Residual Commission Rates
Tibrix affiliates can increase their base residual commission rates through recruitment.
If a Tibrix affiliate recruits six affiliates within their first thirty days (or 30 days from investing at a higher tier), placed three on both sides of the binary team, increased residual commission rates are paid out as follows:
- TBRX-50 tier affiliates receive a 10% residual commission rate, capped at $100 a day
- TBRX-100 tier affiliates receive a 12% residual commission rate, capped at $200 a day
- TBRX-200 tier affiliates receive a 14% residual commission rate, capped at $400 a day
- TBRX-500 tier affiliates receive a 16% residual commission rate, capped at $1000 a day
Matching Bonus
Tibrix pays a Matching Bonus via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
Tibrix caps payable unilevel team levels at four.
The Matching Bonus is paid out as a percentage of residual commissions earned across these four levels as follows:
- TBRX-50 tier affiliates receive a 20% match on level 1 (personally recruited affiliates)
- TBRX-100 tier affiliates receive a 20% match on level 1 and 10% on level 2
- TBRX-200 tier affiliates receive a 20% match on level 1, 10% on level 2 and 5% on level 3
- TBRX-500 tier affiliates receive a 20% match on level 1, 10% on level 2 and 5% on levels 3 and 4
Trading Packages
Tibrix offers an investment opportunity to its affiliates.
Investment is solicited at four tiers, on the promise of an advertised 0.3% to 0.6% daily ROI:
- Trader – $750
- Pro-Trader – $1550
- Explorer – $3050
- Advance – $7050
Trading Package returns are capped at 400%.
Each Trading Package comes with 250 TBRX. Note that returns are paid in TBRX, not actual money.
Trading Package Residual Commissions
Trading Package referral commissions are paid out as a percentage of funds invested into Trading Packages.
Trading Package referral commissions are tracked via the same unilevel team used to pay residual commission matching bonuses (see “Matching Bonus” above).
- TBRX-50 tier affiliates receive 10% on level 1 (personally recruited affiliates)
- TBRX-100 tier affiliates receive 10% on level 1 and 5% on level 2
- TBRX-200 tier affiliates receive 10% on level 1, 5% on level 2 and 2% on level 3
- TBRX-500 tier affiliates receive 10% on level 1, 5% on level 2 and 2% on levels 3 and 4
- Trader tier affiliates receive 10% on level 1, 5% on level 2, 2% on levels 3 to 5, 1% on levels 6 to 8 and 0.5% on levels 9 and 10
- Pro-Trader tier affiliates receive 12% on level 1, 5% on level 2, 2% on levels 3 to 5, 1% on levels 6 to 8 and 0.5% on levels 9 and 10
- Explorer tier affiliates receive 14% on level 1, 5% on level 2, 2% on levels 3 to 5, 1% on levels 6 to 8 and 0.5% on levels 9 and 10
- Advance tier affiliates receive 16% on level 1, 5% on level 2, 2% on levels 3 to 5, 1% on levels 6 to 8 and 0.5% on levels 9 and 10
Trader to Advance level 1 Trading Package residual commission rates can be increased to 20%, if affiliates recruit three affiliates within fifteen days of investment.
Trading Package ROI Match
Tibrix pays a matching bonus on daily returns paid to Trading Package affiliates within a unilevel team.
This unilevel team is the same structure used to pay residual commission matching bonuses (see “Matching Bonus” above).
- TBRX-50 affiliates receive a 30% match on level 1 (personally recruited affiliates)
- TBRX-100 affiliates receive a 30% match on level 1 and 5% on level 2
- TBRX-200 affiliates receive a 30% match on level 1 and 5% on levels 2 and 3
- TBRX-500 affiliates receive a 30% match on level 1 and 5% on levels 2 to 4
- Trader tier affiliates receive a 30% match on level 1 and 5% on levels 2 to 10
- Pro-Trader tier affiliates receive a 40% match on level 1 and 5% on levels 2 to 10
- Explorer tier affiliates receive a 50% match on level 1, 10% on level 2 and 5% on levels 3 to 10
- Advance tier affiliates receive a 60% match on level 1, 15% on level 2 and 5% on levels 3 to 10
Note that in addition to personal investment, personal recruitment also dictates how many levels the ROI match is earned on:
- recruit one affiliate and qualify for the ROI match across four levels
- recruit two affiliates and qualify for the ROI match across seven levels
- recruit three affiliates and qualify for the ROI match across ten levels
Again this is additional qualification criteria, how much an affiliate has invested still dictates how many levels the ROI match is earned on.
Capital Return
Tibrix offers a 100% investment return if an affiliate recruits ten affiliates who invest at the same or higher tier as them, within sixty days of signing up and investing themselves.
Note this doesn’t affect the affiliate’s position within the compensation plan, it’s just the return of funds invested as a bonus.
Leadership Bonuses
Tibrix offers Leadership Bonuses, based on rank tied to recruitment and downline investment.
- Professional (recruit six affiliates and generate $15,000 in downline investment) – receive an additional 0.5% across the unilevel team from levels 11 to 20
- Captain (personally recruit five Professionals) – receive a 25% match on commissions earned across twenty levels of your unilevel team, plus an iPhone 11
- Mentor (personally recruit four Captains) – receive a 50% match on commissions earned across twenty levels of your unilevel team, plus a $10,000 “holiday fund”
- Director (personally recruit three Mentors) – receive a 75% match on commissions earned across twenty levels of your unilevel team, plus a $50,000 “car fund”
- Global Director (personally recruit three Directors) – receive a 100% match on commissions earned across twenty levels of your unilevel team, plus a Mercedes-Benz S 560
Joining Tibrix
Tibrix affiliate membership is tied to an initial $50 to $7050 investment.
Conclusion
Tibrix is your typical MLM pump and dump shitcoin scheme.
TBRX is an ERC-20 token that runs on the ethereum blockchain.
ERC-20 tokens take about five minutes to set up at little to no cost.
TBRX is worthless. It is not publicly tradeable and exists only within Tibrix itself.
Tibrix’s owners flog the tokens off on the usual promise of riches:
Within this you have the Trading Packages Ponzi scheme. Real money is invested in TBRX tokens, which Tibrix pays a daily return on – also in tokens.
Remembering TBRX costs Tibrix little to nothing to generate on demand, this is your typical Ponzi points scheme.
Affiliates cash out TBRX through an internal exchange, with Tibrix honoring withdrawal requests using invested funds.
The rest of Tibrix’s compensation plan is pyramid recruitment, to keep new investment flowing in.
Naturally this all collapses when Tibrix affiliate recruitment inevitable stalls, leaving Tibrix unable to meet withdrawal requests.
From there the company either shuts down or hypes up a public exchange listing.
The “disappear with your money” exit-scam is self-explanatory. The public exchange exit-scam will see Tibrix hype up listing of TBRX on some dodgy exchange.
When listed, TBRX will debut at an artificially pumped price. Tibrix’s owners and top affiliates will promptly cash out (stealing even more money), causing TBRX’s public value to dump.
The end result is gullible Tibrix investors holding worthless TBRX tokens they can’t do anything with.
Be it collapse and shut down or collapse and public exchange exit-scam, the end result is the same: Tibrix is an MLM Ponzi scheme in which the majority of investors will lose money.