X10 Platform supplies no info on their web site about who owns or runs the enterprise.
X10 Platform advertising and marketing movies are narrated by somebody calling himself “Nick from CryptoTech”, with no additional info supplied.
My makes an attempt to confirm who Nick from CryptoTech is have been inconclusive.
The X10 Platform web site area (“x10app.com”) was privately registered on August twenty third, 2018.
Within the phrases and circumstances supplied on the X10 Platform web site, the corporate supplies a company handle for “X10 Hosted Options” in Minneapolis, Minnesota.
In the identical phrases and circumstances X10 Platform hyperlinks to the area “x10hosted.com” when offering its Service Degree Settlement.
The X10 Hosted area was privately registered on August twenty fourth, the day after the X10 Platform area was registered.
Additional analysis reveals the Minnesota company handle utilized by each X10 Platform and X10 Hosted really belongs to Davinci Digital Workplace Options.
From this it’s unclear whether or not X10 Platform has any bodily enterprise operations in Minnesota.
As all the time, if an MLM firm shouldn’t be overtly upfront about who’s operating or owns it, suppose lengthy and arduous about becoming a member of and/or handing over any cash.
X10 Platform Merchandise
X10 Platform has no retailable services or products, with associates solely capable of market X10 Platform affiliate membership itself.
The X10 Platform Compensation Plan
X10 Platform associates make investments funds on the promise of an marketed ROI.
- X10 Go – make investments $97 and obtain a minimal $1000 ROI
- Plus – make investments $197 and obtain a minimal $2500 ROI
- Professional – make investments $397 and obtain a minimal $3500 ROI
- Extremely X10 – make investments $997 and obtain a minimal $14,000 ROI
Recruitment Commissions
X10 Platform associates are paid to recruit new associates:
- recruit an X10 Go affiliate and obtain $50
- recruit a Plus affiliate and obtain $100
- recruit a Professional affiliate and obtain $200
- recruit an Extremely X10 affiliate and obtain $500
X10 Platform declare X10, Plus and Professional ROIs are paid out inside 60 days. The Extremely X10 ROI is paid out inside 90 days.
Residual Commissions
X10 Platform pays residual commissions by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel crew, with each personally recruited affiliate positioned straight below them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel crew.
If any stage 2 associates recruit new associates, they’re positioned on stage 3 and so forth and so forth down a theoretical infinite variety of ranges.
X10 Platform caps payable unilevel crew ranges at 5.
Residual commissions are paid out as a share throughout these 5 ranges as follows:
- stage 1 (personally recruited associates) – 10%
- ranges 2 to five – 5%
Becoming a member of X10 Platform
X10 Platform affiliate membership is tied to a $97 to $997 funding:
- X10 Go – $97
- Plus – $197
- Professional – $397
- Extremely X10 – 997
The extra an X10 Platform affiliate invests, the upper their day by day ROI funds.
Conclusion
Relatively than break down why X10 Platform is a safety, I’ll simply let the corporate itself clarify it to you.
What we have now earlier than us is a very automated, turn-key revenue producing system that robotically trades bitcoin for you and generated you revenue 24 hours a day.
When an MLM firm presents automated returns, they’re providing a safety.
Within the US, to legally supply a safety an organization must be registered with the SEC.
As I write this, neither X10 Platform, X10 Internet hosting or CryptoTech are registered to supply securities within the US.
Because of this at face worth, X10 Platform is working illegally.
X10 Platform’s enterprise mannequin additionally fails the Ponzi logic check.
The Extremely X10 funding tier prices $997. Of that $997, $799.10 is used to pay recruitment and residual commissions.
This leaves $197.90 for supposed AI bot cryptocurrency buying and selling.
If “Nick from CryptoTech” and his buddies had been capable of legitimately flip $197.90 into $14,000 each three months (7074%), why would they share that with randoms over the web?
As we sometimes see with MLM cryptocurrency schemes, there’s likelihood all X10 Platform is simply recycling newly invested funds to pay present traders.
This is able to make X10 Platform a Ponzi scheme.
Having simply launched final month, I suppose we’ll discover out both approach when the primary ROIs are due someday early subsequent 12 months.
Within the meantime you may guess whoever is operating X10 Platform will put your cash to good use over Christmas.
Replace 2nd March 2019 – X10 Platform has collapsed. The corporate has shut down and accomplished a runner with invested funds.