I’ve had just a few requests to evaluate Vitae, be it Vitae Coin or Vitae Token.
The scheme is spearheaded by serial scammer Michael Weber just a few years in the past and primarily targets the third-world.
What was lacking nonetheless was an MLM part, and therefore there hasn’t been a Vitae evaluate right here on BehindMLM.
That adjustments with Vitae Rain Chat, which sees Weber return to his Ponzi roots.
Michael Weber operates out of Colorado within the US. His final look on BehindMLM was in connection to the BitConnect Ponzi scheme.
Weber (proper) first appeared on BehindMLM in 2015 as admin of the X100K pyramid scheme.
After collapsing a lot of occasions X100K was deserted in early 2016. Weber (proper) returned later within the yr with PIF2Cash, a Ponzi cycler.
On or round Might 2017 Weber launched Coin Nuggets, a matrix-based Ponzi cycler.
After Coin Nuggets got here BitConnect. BitConnect collapsed in January 2018. Vitae Token launched on or round June 2018.
Vitae Rain Chat is a part of Vitae Token (which I’ll consult with as “Vitae” from right here on out). Beforehand Vitae associates had been utilizing Discord as a messaging platform.
On or round June 2020 Vitae’s operations on Discord had been shut down. This prompted the launch of Vitae Rain Chat, an in-house messaging platform.
Vitae Rain Chat’s launched was accompanied by a considerably… disturbing advertising video.
In June 2020 Vietnam issued a fraud warning in opposition to Vitae.
As estimated by Alexa, nearly all of visitors to Vitae’s main web site (“vitae.co”) originates out of India (34%) and Vietnam (14%).
Learn on for a full evaluate of Vitae Rain Chat’s MLM alternative.
Vitae Rain Chat’s Merchandise
Vitae Rain Chat has no retailable services or products, with associates solely capable of market Vitae Rain Chat affiliate membership itself.
Vitae Rain Chat associates can buy $25 adcredits, which can be utilized to show promoting to different different Vitae Rain Chat associates.
Vitae Rain Chat’s Compensation Plan
Vitae Rain Chat associates join and take part in a Ponzi scheme.
Vitae Rain Chat’s chatroom periodically “rains” (distributes) generated Vitae tokens with the final 200 associates participated within the chat room. That’s associates who’ve despatched a message.
Rain occasions are triggered each six minutes.
Vitae tokens distributed with every rain occasion embrace:
- $5 price of Vitae from each new paid affiliate membership
- a share of “hundreds of Vitae tokens saved for distribution”
Vitae Rain Chat associates may obtain Vitae tokens for watching adverts and if one other affiliate instantly deposits into the “rain tackle” (for rain occasion distribution).
Recruitment Commissions
Vitae Rain Chat associates obtain commissions on recruitment of recent paid associates.
Vitae Rain Chat pays a $5 recruitment fee for every affiliate recruited, cut up down three ranges of recruitment (unilevel):
- 50% on degree 1 (personally recruited associates)
- 25% on ranges 2 and three
Income Sharing
Paid Vitae Rain Chat affiliate membership is $14.99. Associates may buy adcredits in $25 bundles.
Vitae Rain Chat takes these funds and distributes them equally to paid Vitae Rain Chat associates.
Becoming a member of Vitae Rain Chat
Vitae Rain Chat affiliate membership is $14.99 a month.
Conclusion
Vitae initially launched as a social community platform. You recognize the deal, “use our platform and we’ll reward you with Vitae tokens”.
Vitae tokens after all being nugatory, as Michael Weber merely generates them on demand for distribution.
Sadly that wasn’t a lot of a money-spinner, and so now Weber has cranked issues up with a full-blown Ponzi pyramid.
Vitae tokens began off as Ponzi factors however have since been listed on just a few exchanges. After hovering across the $1.x mark for a while, Vitae Rain Chat has pumped Vitae to its present $2.65 worth.
Contemplating Vitae tokens haven’t any use exterior of the pointless social community and Vitae Rain Chat Ponzi nonetheless, take any worth determine connected to the token with a grain of salt.
Vitae tokens are solely price one thing if there’s gullible Vitae associates to dump them onto. Both instantly or via Vitae’s inner trade.
With respect to Vitae Rain Chat’s enterprise mannequin, you could have a easy Ponzi pyramid hybrid.
Should you clicked via to that Vitae Rain Chat advertising video linked within the intro of this evaluate, the lyrics “free to affix uhuh, free to affix that’s proper” will most likely offer you earworm for just a few hours.
The irony being that free Vitae Rain Chat affiliate membership is severely restricted.
Free Vitae Rain Chat associates are spammed with adverts and may solely “put up the phrase: “I like Vitae” as soon as per hour.”
That’s it.
Why would anybody topic themselves to this? They wouldn’t. Vitae Rain Chat free membership is merely a advertising gimmick to promote the enterprise mannequin.
In that mannequin individuals pay $14.99 a month. This qualifies them to obtain commissions on new recruits, in addition to a share of adcredit purchases by different associates.
Michael Weber retains $4.99 of each month-to-month membership price fee.
The recruitment commissions make up the pyramid ingredient of the scheme. Recycling funds spent by associates on promoting is the Ponzi part.
Each are tied to fixed recruitment of recent associates, with out which issues collapse.
Discovering himself instantly below one of many prime US promoters of BitConnect, there’s little doubt Weber made a packet within the multi-billion greenback Ponzi scheme.
That cash is finite nonetheless, and I believe Weber will hold including to Vitae in an try to remain afloat.
Sadly which means stealing cash from victims via one ruse or one other.
To this point we’ve had a social community and paid chatroom. A buying and selling bot most likely isn’t far off, bringing the BitConnect clone circle to completion.
Replace twenty fifth June 2021 – As a part of a legal investigation, Belgian authorities have seized Vitae’s and Vitae Token’s web site domains.