Weeconomy started as Flexkom, a pay to play pyramid scheme masquerading as an ecommerce platform.
Flexkom collapsed on or round late 2016. In the present day the previous Flexkom web site area redirects to one thing known as “MPM Group AG”.
Flexkom is believed to have scammed upwards of 40,000 affiliate traders, most of which have been in Turkey.
Across the time of Flexkom’s collapse in late 2016, Wee Enterprise Financial system was launched.
Weeconomy (aka Wee and Wee Enterprise Financial system), is headed up by Flexkom proprietor Cengiz Ehliz (proper).
For all intents and functions, Weeconomy is a rebranding and continuation of the Flexkom rip-off.
Learn on for a full assessment of the Weeconomy MLM alternative.
Weeconomy Merchandise
Weeconomy runs a rebrand of Flexkom’s service provider community.
Consumers enroll and after they buy merchandise by collaborating retailers (all of whom are Weeconomy associates), they obtain a cashback.
Cashback can both be cashed out or used as credit score at different signed up Weeconomy service provider associates.
Shopper membership for Weeconomy’s platform is free, nevertheless this has nothing to do with Weeconomy’s MLM alternative.
The Weeconomy Compensation Plan
You received’t discover a copy of Weeconomy’s compensation plan on their web site, or anyplace for that matter.
As with Flexkom the revenue alternative aspect of the enterprise is shrouded in thriller.
As such, the next evaluation has been pieced collectively from numerous Weeconomy advertising and marketing displays (most of that are in German, as a result of Flexkom tanked Cengiz Ehliz’s fame in Turkey).
Cashback Commissions
Weeconomy associates earn a fee on cashback funds customers who enroll with their playing cards/vouchers obtain.
Quoted fee charges are 5%. Observe once more that that is on the cashback quantity, not the overall buy worth.
Recruitment Commissions
Weeconomy associates are paid to recruit new associates.
- recruit a Begin bundle affiliate and obtain €110 EUR
- recruit a Fundamental bundle affiliate and obtain €170 EUR
- recruit a Premium bundle affiliate and obtain €330 EUR
- recruit a CallCenter bundle affiliate and obtain €170 EUR
Share Returns
Behind Weeconomy’s cashback entrance is an funding backend.
Weeconomy associates spend money on digital shares, that are marketed as paying a month-to-month return.
Weeconomy shares are bundled with affiliate signup packages.
As per the above advertising and marketing slide, Weeconomy digital shares are tied to a “transaction pool”, which pays €560 EUR a month.
That is off an preliminary funding of €9030 EUR in six Weeconomy affiliate positions (step 1 within the calculation instance above).
Becoming a member of Weeconomy
Weeconomy affiliate membership is tied to the acquisition of one of many following packages:
- Begin – €690 EUR
- Fundamental – €1490 EUR
- Premium – €2690 EUR
- CallCenter €1290
Every bundle comes with weeCards to present to customers.
Conclusion
Weeconomy’s authentic marketing strategy, though not brazenly introduced, is straightforward sufficient to know.
You enroll, spend money on shares and gather a month-to-month return. If you need a better return, you merely make investments extra:
Wee’s ecommerce procuring platform is there, which you’ll be able to both faux is related or simply ignore.
Usually you’ll solely hear about Weeconomy’s procuring platform from associates’ making an attempt to persuade you it’s not a rip-off.
Regardless of clearly providing a passive funding alternative, Weeconomy gives no indication on its web site that it has registered its alternative with monetary regulators in any jurisdiction.
In truth in the event you visited Weeconomy’s web site, you’d be forgiven for pondering the corporate has no connected revenue alternative in any respect.
The rationale for the shadiness must be apparent. If Weeconomy’s service provider platform was really viable, Flexkom wouldn’t have collapsed.
The issue with MLM ecommerce platforms is invariably it’s only associates who wind up utilizing them.
They’re not there to buy although, and so the platforms turn into advertising and marketing instruments.
Associates make the odd buy on them, if solely to point out the platforms work (within the lead as much as convincing you to enroll and make investments).
And so it was with Flexkom and so it’s in Weeconomy.
Initially Weeconomy touted itself as a cellular fee platform (MPM Group stands for “Cell Cost Markets”)
Mid final yr Weeconomy introduced a WeeToken ICO, which has since been deserted for Cooinx. I believe sooner or later it was going to be known as “WeeNexx” too.
In any occasion, the addition of crypto Weeconomy gives actually no change to the enterprise mannequin, apart from platform funds in Weeconomy’s inner token.
And naturally the addition of cryptocurrency brings with it the “spend money on our shitcoin and we’ll all be wealthy” garbage.
Cooinx is introduced as a standalone firm however is clearly simply one other shell part of Weeconomy.
Regardless of no person exterior of Weeconomy utilizing it, essentially the most you’ll get out of Cooinx is acknowledgement that it’s ‘an official sales-partner of wee.‘
Cooinx is just not publicly tradeable and doesn’t exist exterior of Weeconomy.
The corporate doesn’t publish its inner buying and selling worth, which is arbitrarily set by Weeconomy by Cooinx’s puppet administration.
And make no mistake, the advertising and marketing garbage about Cooinx being a “accomplice of wee” could be very a lot an phantasm. Cooinx is headed up by Michael Schiebe (proper and the man within the BMW above), who has been round because the Flexkom days.
And in the event you’re maybe questioning why this rip-off has gone on for thus lengthy, right here’s a snapshot of the shell firm construction behind it:
Bear in mind, that is simply what’s been publicly disclosed. You may wager the banking aspect of Weeconomy is much more convoluted.
Studying between the strains, it appears Cooinx has been launched to exchange Weeconomy’s fraudulent digital share funding scheme.
The rationale for the change brings us to the MLM ICO exit-scam mannequin, which by now try to be accustomed to.
Gullible Wee traders enroll and spend money on Cooinx. Weeconomy creates Cooinx at little to no value.
In an effort to maintain regulators at bay, no funding particulars are offered on both the Weeconomy or Cooinx web sites.
The very best I might discover was this advertising and marketing slide, which represents funding into seven Weeconomy affiliate positions gives 27,000 Cooinx tokens.
And a possible €2.7 million EUR “we’re gonna be the subsequent bitcoin” return.
When funding in Cooinx dries up, Cengiz Ehliz will get Cooinx listed on some dodgy change.
This can create one final bubble of hype, permitting Ehliz, Schiebe and different Weeconomy insiders to dump Cooinx because the preliminary public worth inevitably pumps.
After the preliminary launch hype, Cooinx will dump and bagholder associates are left holding one more nugatory MLM shitcoin.
Digital shares and Cooinx are in fact solely revealed when you’re groomed for Weeconomy, by introducing you to the irrelevant procuring platform.
You’re not imagined to find out about it – however that doesn’t imply you possibly can’t confirm the Weeconomy’s rip-off mannequin your self.
Simply ask whoever is making an attempt to recruit you for examples of all of the profitable Flexkom retailers and associates.
There received’t be any as a result of exterior of Cengiz Ehliz, Michael Schiebe and the remainder of the Flexkom inner-circle, there are none.
1000’s misplaced cash in Flexkom and little question hundreds extra will lose cash chasing Weeconomy crypto riches.
Don’t be one in every of them.