XOXO Community’s web site supplies no details about who owns or runs the corporate.
The truth is as I write this, XOXO Community’s web site is nothing greater than an affiliate login type.
XOXO Community’s web site area (“xoxonetwork.io”) was privately registered on Could twenty third, 2020.
One factor to notice is that regardless of the latest registration of XOXO Community’s web site area, promotion of the corporate started final month.
As at all times, if an MLM firm will not be brazenly upfront about who’s working or owns it, assume lengthy and exhausting about becoming a member of and/or handing over any cash.
XOXO Community’s Merchandise
XOXO Community has no retailable services or products, with associates solely capable of market XOXO Community affiliate membership itself.
XOXO Community’s Compensation Plan
XOXO Community’s compensation plan combines pyramid recruitment with money gifting.
Pyramid Recruitment
XOXO Community associates pay a 0.1 ETH price to qualify to earn recruitment commissions.
The pyramid facet of XOXO Community’s compensation plan is tracked through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel staff, with each personally recruited affiliate positioned instantly below them (degree 1):
If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel staff.
If any degree 2 associates recruit new associates, they’re positioned on degree 3 and so forth and so forth down a theoretical infinite variety of ranges.
XOXO Community caps payable unilevel staff ranges at 4.
Recruitment commissions are paid out as a share of charges paid throughout these 4 ranges as follows:
- degree 1 (personally recruited associates) – 0.05 ETH
- degree 2 – 0.025 ETH
- degree 3 – 0.015 ETH
- degree 4 – 0.01 ETH
Gifting Funds
XOXO Community associates present 0.2 ETH to take part within the gifting facet of the enterprise.
XOXO Community runs a six-tier 3×1 matrix gifting cycler.
The opposite half is used to fund entry right into a six-tier 3×1 matrix cycler.
A 3×1 matrix is easy in nature, requiring solely three positions to fill.
As soon as all three positions are crammed, a “cycle” is generated and the place cycles into the subsequent matrix tier.
Gifting funds throughout XOXO Community’s six-tier cycler are as follows:
- Tier 1 (positions value 0.2 ETH) – obtain 0.1 ETH and cycle into tier 2
- Tier 2 – obtain 0.15 ETH in gifting funds and cycle into degree 3
- Tier 3 – obtain 0.2 ETH in gifting funds and cycle into tier 4
- Tier 4 – obtain 0.25 ETH in gifting funds and cycle into tier 5
- Tier 5 – obtain 0.35 ETH in gifting funds and cycle into tier 6
- Tier 6 – obtain 0.5 ETH in gifting funds and cycle into a brand new Tier 6 matrix
Along with gifting funds, entry by means of biking into Tier 6 additionally generates a fee for the fast upline (recruiting affiliate):
- preliminary 0.2 ETH gifting cost = 0.1 referral fee
- biking into tier 2 – 0.15 ETH referral fee
- biking into tier 3 – 0.2 ETH referral fee
- biking into tier 4 – 0.25 ETH referral fee
- biking into tier 5 – 0.35 ETH referral fee
- biking into tier 6 – 0.5 ETH referral fee
Becoming a member of XOXO Community
XOXO Community affiliate membership is cut up between pyramid recruitment and gifting.
- 0.1 ETH is required to take part within the pyramid facet of the enterprise
- 0.2 ETH is required to take part within the gifting facet of the enterprise
All up full participation in XOXO Community’s MLM alternative prices 0.3 ETH.
Conclusion
XOXO Community recycles age-old rip-off fashions and makes use of a sensible contract to execute them.
Each pyramid and gifting schemes are unlawful scams. Working them by means of an ethereum good contract doesn’t make them any much less scams.
Pyramid schemes are unlawful as a result of the inevitably consequence within the majority of individuals shedding cash when recruitment dries up.
Gifting schemes are unlawful for a similar cause.
At any given time, the vast majority of individuals in pyramid and gifting schemes won’t have recovered their preliminary spend.
When the scheme inevitably goes stomach up, thus the vast majority of individuals lose cash.
Conversely, each pyramid and gifting schemes primarily profit these working them. That is by means of yet one more preloaded admin positions.
XOXO Community admin positions sit atop the company-wide unilevel staff. They’re additionally first to cycle into the higher tiers of the gifting cycler, by means of which the vast majority of funds gifted in modifications arms.
Recruiters who get in early and rip-off essentially the most quantity of individuals come off second greatest. Everybody else, i.e. the overwhelming majority of XOXO Community individuals, loses out.
As with all MLM pyramid and gifting schemes, XOXO Community will collapse when recruitment dies off. To be clear, that’s not a matter of if however when.