Vixes gives no info on its web site about who owns or runs the corporate.
Vixes’ web site area (“vixes.biz”) was privately registered on August sixth, 2019.
In an try to look respectable, Vixes gives an handle in New South Wales, Australia on its web site.
Additional analysis reveals this handle is shared by Servcorp, a digital workplace supplier.
On the time of publication Alexa cites Brazil (30%), Venezuela (11%) and Egypt (6%) as the highest three sources of site visitors to Vixes’ web site.
It’s extremely seemingly that whoever is operating the corporate relies out of one in every of these three international locations.
As at all times, if an MLM firm shouldn’t be overtly upfront about who’s operating or owns it, assume lengthy and onerous about becoming a member of and/or handing over any cash.
Vixes’ Merchandise
Vixes has no retailable services or products, with associates solely in a position to market Vixes affiliate membership itself.
Vixes’ Compensation Plan
Vixes associates make investments cryptocurrency on the promise of an marketed perpetual 1% to three% every day ROI.
Cryptocurrencies Vixes solicits funding in embrace bitcoin, bitcoin money, bitcoin SV, digibyte, dogecoin, ethereum, ethereum basic, litecoin, syscoin and verge.
The extra a Vixes affiliate invests the upper their calculated every day ROI fee.
Vixes pays referral commissions on invested funds down three ranges of recruitment (unilevel):
- 7% on stage 1 (personally recruited associates
- 2% on stage 2
- 1% on stage 3
Becoming a member of Vixes
Vixes affiliate membership is free.
Full participation within the connected revenue alternative nevertheless requires funding in bitcoin, bitcoin money, bitcoin SV, digibyte, dogecoin, ethereum, ethereum basic, litecoin, syscoin or verge.
Conclusion
Vixes claims to be a “world chief within the cryptocurrency mining market”, the implication being it generates exterior income through cryptocurrency mining.
To that finish Vixes claims to have an “Australian mining farm”, on the beforehand disclosed digital workplace handle in Sydney, NSW.
Evidently Vixes doesn’t have a mining farm in the course of Sydney. Neither is there any proof Vixes has an operational mining farm anyplace on this planet.
And even when they did, that’s not affirmation Vixes is definitely utilizing exterior income to pay every day returns.
With a purpose to function legally, Vixes would want to register its passive funding alternative with securities regulators.
We will begin with Brazil, Venezuela and Egypt, none of which Vixes is registered to supply securities in.
Because of this no matter the corporate’s claimed mining operations, Vixes is working illegally in its prime three markets.
Because it stands the one verifiable income coming into Vixes is new funding.
Utilizing new funding to pay associates a every day return makes Vixes a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dies out so too will new funding.
This may see Vixes unable to pay withdrawal requests (returns are backoffice monopoly cash), finally prompting a collapse.
The mathematics behind Ponzi schemes ensures that after they collapse, the vast majority of contributors lose cash.