Twindax supplies no verifiable data on its web site about who owns or runs the corporate.
On the contact web page of Twindax’s web site these two images seem:
Chris Walker and Ashton Taylor don’t exist exterior of Twindax. This means the images used are both stolen from social media or pc generated.
Within the information part of Twindax’s web site there’s an April twelfth “Information Convention” entry.
Expensive purchasers of the corporate!
On April 30, 2021, the corporate will arrange the primary on-line convention.
The corporate’s improvement plans for 2021 will likely be introduced on the convention.
Schedule of the next occasions, in addition to disclosure of the primary ideas of the corporate. Disclosure of the primary advertising and marketing technique.
Convention hosts: CEO Chris Walker and Ashton Taylor.
Doesn’t appear like that convention went forward, for what needs to be apparent causes.
Twindax’s web site area (“twindax.com”) was privately registered on March twenty fifth, 2021.
In an try to look reputable, Twindax supplies an ASIC certificates for Twindax Pty Ltd.
ASIC are recognized for non-regulation of MLM fraud. Moreover anybody can register an organization with ASIC utilizing no matter bogus particulars, there is no such thing as a verification.
Because of this ASIC registration is favored by scammers residing exterior of Australia.
With respect to MLM due-diligence, ASIC registration certificates as proof of legitimacy is due to this fact meaningless.
Along with the ASIC certificates, Twindax supplies a company tackle in Australia.
This tackle belongs to Regus, a third-party firm promoting digital workplace addresses.
As at all times, if an MLM firm isn’t overtly upfront about who’s working or owns it, assume lengthy and arduous about becoming a member of and/or handing over any cash.
Twindax’s Merchandise
Twindax has no retailable services or products, with associates solely capable of market Twindax affiliate membership itself.
Twindax’s Compensation Plan
Twindax associates make investments USD, BTC or ETH on the promise of marketed returns.
USD
- Basic USD1 – make investments $20 to $500 and obtain 130% over 15 days
- Basic USD2 – make investments $500 to $1000 and obtain 144% over 20 days
- Basic USD3 – make investments $1000 to $2500 and obtain 160% over 25 days
- Basic USD4 – make investments $2500 to $5000 and obtain 181% over 30 days
- Basic USD5 – make investments $5000 to $10,000 and obtain 205% over 35 days
- Superior USD1 – make investments $2000 to $15,000 and obtain 400% over 100 days
- Superior USD2 – make investments $15,000 to $50,000 and obtain 450% over 100 days
- Superior USD3 – make investments $50,000 to $100,000 and obtain 500% over 100 days
- Superior USD4 – make investments $100,000 to $250,000 and obtain 550% over 100 days
- Superior USD5 – make investments $250,000 to $1,000,000 and obtain 600% over 200 days
- Superior USD6 – make investments $1,000,000 to $100,000,000 and obtain 700% over 100 days
- Mega USD – make investments $20 to 1,000,000 and obtain 800% over 100 days
BTC
- Basic BTC1 – make investments 0.001 to 0.5 BTC and obtain 140% over 20 days
- Basic BTC2 – make investments 0.5 to 2 BTC and obtain 172% over 30 days
- Basic BTC3 – make investments 2 to 10 BTC and obtain 235% over 45 days
- Superior BTC1 – make investments 0.1 to 1 BTC and obtain 400% over 100 days
- Superior BTC2 – make investments 1 to three BTC and obtain 500% over 100 days
- Superior BTC3 – make investments 3 to 10 BTC and obtain 600% over 100 days
- Mega BTC – make investments $0.001 to 100 BTC and obtain 800% over 100 days
ETH
- Basic ETH1 – make investments 0.1 to five ETH and obtain 140% over 20 days
- Basic ETH2 – make investments 5 to twenty ETH and obtain 172% over 30 days
- Basic ETH3 – make investments 20 to 50 ETH and obtain 235% over 45 days
- Basic ETH1 – make investments 5 to 50 ETH and obtain 400% over 100 days
- Basic ETH2 – make investments 50 to 100 ETH and obtain 500% over 100 days
- Basic ETH3 – make investments 100 to 1000 ETH and obtain 600% over 100 days
- Mega ETH – make investments 0.05 to 3000 ETH and obtain 2500% over 200 days
Twindax Affiliate Ranks
There are 9 affiliate ranks inside Twindax’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Newbie – join as a Twindax affiliate
- Newbie+ – generate $10,000 in downline funding quantity
- Supervisor – generate $25,000 in downline funding quantity
- Companion – generate $50,000 in downline funding quantity
- Gold Companion – generate $100,000 in downline funding quantity
- Shareholder – generate $500,000 in downline funding quantity
- Silver Director – generate $1,000,000 in downline funding quantity
- Gold Director – generate $3,000,000 in downline funding quantity
- Diamond Director – generate $5,000,000 in downline funding quantity
Referral Commissions
Twindax pays referral commissions through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel staff, with each personally recruited affiliate positioned immediately underneath them (degree 1):
If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel staff.
If any degree 2 associates recruit new associates, they’re positioned on degree 3 and so forth and so forth down a theoretical infinite variety of ranges.
Twindax caps payable unilevel staff ranges at ten.
Referral commissions are paid as a proportion of funds invested throughout these ten based mostly on rank:
- Newcomers earn 8% on degree 1 (personally recruited associates), 5% on degree 2 and 1% on ranges 3 to 10
- Newbie+s earn 8% on degree 1, 6% on degree 2 and 1% on ranges 3 to 10
- Managers earn 9% on degree 1, 6% on degree 2, 2% on degree 3 and 1% on ranges 4 to 10
- Companions earn 11% on degree 1, 7% on degree 2, 2% on degree 3 and 1% on ranges 4 to 10
- Gold Companions earn 12% on degree 1, 7% on degree 2, 3% on degree 3 and 1% on ranges 4 to 10
- Shareholders earn 14% on degree 1, 9% on degree 2, 3% on degree 3 and 1% on ranges 4 to 10
- Silver Administrators earn 15% on degree 1, 10% on degree 2, 3% on degree 3, 2% on degree 4 and 1% on ranges 5 to 10
- Gold Administrators earn 17% on degree 1, 12% on degree 2, 3% on degree 3, 2% on degree 4 and 1% on ranges 5 to 10
- Diamond Administrators earn 20% on degree 1, 12% on degree 2, 3% on degree 3, 2% on degree 4 and 1% on ranges 5 to 10
Rank Achievement Bonus
Twindax rewards associates for qualifying at Supervisor and better with the next Rank Achievement Bonuses:
- qualify at Supervisor and obtain $500
- qualify at Companion and obtain $1000
- qualify at Gold Companion and obtain $2000
- qualify at Shareholder and obtain $3000
- qualify at Silver Director and obtain $15,000
- qualify at Gold Director and obtain $40,000
- qualify at Diamond Director and obtain $300,000
Becoming a member of Twindax
Twindax affiliate membership is free.
Full participation within the connected revenue alternative nonetheless requires a minimal $20, 0.001 BTC or 0.1 ETH funding.
Conclusion
Twindax is a low effort cookie-cutter Ponzi scheme.
The corporate claims to generate exterior income by “proprietary buying and selling algorithms”.
Naturally no proof of those algorithms exist. Nor has Twindax filed any audited monetary studies with ASIC or another monetary regulator.
Moreover Twindax’s enterprise mannequin fails the Ponzi logic check.
Anybody able to legitimately producing 800% over 100 days isn’t promoting entry for $20. They’d be quietly compounding and retire because the richest particular person on the planet in just a few years.
The one verifiable income getting into Twindax is new funding.
Utilizing new funding to pay present affiliate traders day by day returns makes Twindax a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment runs dry so too will new funding.
This can starve Twindax of ROI income, finally prompting a collapse.
The mathematics behind Ponzi schemes ensures that once they collapse, the vast majority of members lose cash.
Replace twenty fourth Could 2021 – Twindax has collapsed.