Weltsys gives no info on its web site about who owns or runs the corporate.
Weltsys claims to be a Hong Kong primarily based firm however gives no proof of incorporation.
Even then, Hong Kong incorporation would doubtless solely have been used to register a shell firm.
What I can verify is Weltsys is tied to the Forcount. In case you go to Forcount’s web site, the next is displayed on the homepage footer:
Additional analysis reveals Weltsys advertising confirming it’s a reboot of Forcount:
Forcount was a Ponzi scheme run by Francis Silva. BehindMLM reviewed Forcount, itself a reboot of the Cointherum Ponzi scheme, in Might 2018.
Extra fleshed out than Cointherum’s “bitcoin doubler”, Forcount seems to have lasted up till a number of months in the past.
Alexa site visitors estimates for Forcount’s web site present a decline starting across the begin of October.
Comparatively, site visitors to Weltsys’ web site picked up in late November:
Learn on for a full assessment of Weltsys’ MLM alternative.
Weltsys’ Merchandise
Weltsys market a variety of funding plans as detailed within the compensation part of this assessment.
Associates are separated from retail clients by the use of a month-to-month price.
Weltsys’ Mindexcoin Compensation Plan
Weltsys associates put money into Mindexcoin (MIC), or alternatively with bitcoin or ethereum.
Investments are made on the promise of marketed returns, as detailed beneath.
Mindexcoin Funding
Weltsys associates put money into Mindexcoin on the promise of an marketed 1.2% day by day ROI.
There are quite a few MIC funding packages to select from, ranging in worth from 50,000 MIC to 10,000,000 MIC.
As I write this the general public buying and selling worth of MIC is .05 of a cent. Whether or not Weltsys tack on any charges in not disclosed.
Upon reaching 200% maturity, reinvestment is required. Weltsys expenses a 4% price for reinvestment quantities.
Weltsys pays referral commissions on MIC funding down three ranges of recruitment (unilevel):
- degree 1 (personally recruited associates) – 5%
- degree 2 – 3%
- degree 3 – 2%
Weltsys pays residual commissions by way of a binary compensation construction.
A binary compensation construction locations an affiliate on the prime of a binary workforce, cut up into two sides (left and proper):
The primary degree of the binary workforce homes two positions. The second degree of the binary workforce is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary workforce are generated as required, with every new degree housing twice as many positions because the earlier degree.
Positions within the binary workforce are stuffed by way of direct and oblique recruitment of associates. Word there is no such thing as a restrict to how deep a binary workforce can develop.
On the finish of every day Weltsys tallies up new funding quantity on each side of the binary workforce.
Associates are paid a share of funds invested on their weaker binary workforce aspect, primarily based on how a lot MIC they themselves have invested in.
- put money into 50,000 to 999,999 MIC and obtain a 5% residual fee charge
- put money into 1,000,000 to 4,900,000 MIC and obtain a 7.5% residual fee charge
- put money into 5,000,000 to 9,999,999 MIC and obtain a ten% residual fee charge
- put money into 10,000,000 to 49,999,999 MIC and obtain a 15% residual fee charge
- put money into 50,000,000 MIC or extra and obtain a 20% residual fee charge
Bitcoin Funding
Weltsys associates should have an energetic MIC funding with the intention to obtain bitcoin returns.
Weltsys accepts funding in bitcoin beginning at $100, on the promise of a 1% day by day return capped at 200%.
Upon reaching 200%, reinvestment is required and charged a 4% price.
Weltsys pays referral commissions on bitcoin funding down three ranges of recruitment (unilevel):
- degree 1 – 5%
- degree 2 – 3%
- degree 3 – 2%
Residual commissions are additionally paid utilizing a unilevel compensation construction, capped at thirty ranges:
- degree 1 – 3%
- degree 2 – 2%
- degree 3 – 1%
- ranges 4 and 5 (should be Sapphire or increased rank) – 0.5%
- ranges 6 and seven (should be Ruby or increased rank) – 0.5%
- ranges 8 to 10 (should be Diamond or increased rank) – 0.5%
- ranges 11 to fifteen (should be Blue Diamond or increased rank) – 0.5%
- ranges 16 to 30 (should be Stars Diamond rank) – 0.5%
Ethereum Funding
Weltsys associates should have an energetic MIC funding with the intention to obtain ethereum returns.
Weltsys accepts funding in ethereum, beginning at 0.5 ETH. Funding is made on the promise of a 1.2% day by day ROI, capped at 200%.
Upon maturity, reinvestment is required and charged a 4% price.
Weltsys pays referral commissions on ethereum funding down three ranges of recruitment (unilevel):
- degree 1 – 5%
- degree 2 – 3%
- degree 3 – 2%
Residual commissions are paid out by way of a binary compensation construction, as detailed in “Mindexcoin Funding” above.
How a lot is paid on weaker binary workforce aspect quantity is decided by how a lot ethereum a Weltsys affiliate has invested:
- make investments 0.5 to 10 ETH and obtain a 5% residual fee charge
- make investments 11 to 50 ETH and obtain a 7.5% residual fee charge
- make investments 51 to 100 ETH and obtain a ten% residual fee charge
- make investments 101 to 200 ETH and obtain a 12.5% residual fee charge
- make investments 201 to 500 ETH and obtain a 15% residual fee charge
- make investments 501 or extra ETH and obtain a 20% residual fee charge
If a Weltsys affiliate personally recruits fifteen investing associates, they obtain a ten% bonus on all ethereum returns and commissions.
Rank Achievement Bonus
Weltsys reward associates with the next Rank Achievement Bonuses:
- qualify as a Sapphire (75 factors) and obtain $200
- qualify as a Ruby (250 factors) and obtain $700
- qualify as an Emerald (750 factors) and obtain $2000
- qualify as a Diamond (2000 factors) and obtain $5000
- qualify as a Blue Diamond (4000 factors) and obtain $10,000
- qualify as a Moon Diamond (8000 factors) and obtain $20,000
- qualify as a World Diamond (15,000 factors) and obtain $40,000
- qualify as a Star Diamond (35,000 factors) and obtain $100,000
Factors are acquired by way of private and downline funding:
- 1 level per 50,000 MIC personally invested in
- 1 level per $100 invested in bitcoin (private and downline)
- 2 factors per 1 ETH invested in (private and downline)
Withdrawal Charges
Additionally of observe are the withdrawal charges Weltsys expenses, primarily based on how lengthy an affiliate desires to attend to receives a commission:
- receives a commission the identical day = 35% price
- receives a commission inside 24 hours = 20% price
- receives a commission inside 3 days = 15% price
- receives a commission inside 5 days = 7% price
- receives a commission inside 10 days = 5% price
- receives a commission inside 15 days = 3% price
Becoming a member of Weltsys
Weltsys cost a $25 month-to-month affiliate price, payable in MIC.
Conclusion
Weltsys marks Francis Silva’s second try to get Mindexcoin going.
Mindexcoin is the spotlight within the Weltsys providers!
With nice potential within the subject of shopping for and promoting, MIC has probably the most full ecosystem out there. The MIC undertaking has its personal blockchain, a crypto pockets – MindexWallet – and a cost methodology – MindexPay.
All through Forcount’s life Mindexcoin continued to say no in worth, and it’s doubtless nothing will change throughout Weltsys.
At current a number of thousand in Mindexcoin is traded day by day, and the general public worth is .05 of a cent (that’s a fraction and to not be confused with 0.05 cents).
Fairly clearly Silva is sitting on a mountain of MIC, and in order that’s the spine of Weltsys.
In a nutshell, actually nugatory MIC is dumped onto gullible buyers. That is obligatory, with bitcoin/ethereum funding being non-obligatory.
Returns are paid in nugatory MIC, leaving Weltsys associates to promote a shitcoin no one outdoors of Francis Silva’s scams is thinking about.
On the cash aspect of issues Weltsys isn’t any extra official than Forcount was. Lofty guarantees of buying and selling and so on. however no proof that exterior income is getting used to pay associates with.
Not withstanding that if Forcount wasn’t a Ponzi scheme, it had no purpose to break down. Ditto Weltsys when it too inevitably collapses.
Forcount lasted just below a yr and a half. Reboot schemes don’t final so long as their predecessors so count on Weltsys to break down sooner.