YouXWallet supplies no data on their web site about who owns or runs the enterprise.
YouXWallet’s web site area (“youxwallet.io”) was privately registered on Might tenth, 2019.
Of their advertising and marketing materials, YouXWallet signify they’re based mostly out of Estonia, with an administrative workplace in Portugal.
Regardless of providing a language selector software on their web site, YouXWallet’s web site language is presently locked to Portuguese. That is represented by a Brazilian flag.
Moreover, Alexa presently estimates that 88% of visitors to YouXWallet’s web site originates out of Brazil.
This strongly means that whoever is working YouXWallet is definitely based mostly out of Brazil, or at a minimal is from Brazil however residing elsewhere.
As all the time, if an MLM firm shouldn’t be overtly upfront about who’s working or owns it, suppose lengthy and arduous about becoming a member of and/or handing over any cash.
YouXWallet’s Merchandise
YouXWallet has no retailable services or products, with associates solely capable of market YouXWallet affiliate membership itself.
YouXWallet affiliate membership supplies entry to YouXAcademy.
YouXWallet states YouXAcademy accommodates “very top quality content material … so that you can elevate your customary of information”.
YouXWallet’s Compensation Plan
YouXWallet associates make investments bitcoin on the promise of a 0.3% each day ROI (Monday-Friday).
YouXWallet gives associates eleven funding tiers:
- Xwallet 100 – $100 price of bitcoin
- Xwallet 300 – $300 price of bitcoin
- Xwallet 500 – $500 price of bitcoin
- Xwallet 1000 – $1000 price of bitcoin
- Xwallet 3000 – $3000 price of bitcoin
- Xwallet 5000 – $5000 price of bitcoin
- Xwallet 10,000 – $10,000 price of bitcoin
- Xwallet 20,000 – $20,000 price of bitcoin
- Xwallet 30,000 – $30,000 price of bitcoin
- Xwallet 40,000 – $40,000 price of bitcoin
- Xwallet 50,000 – $50,000 price of bitcoin
Returns are paid out till 400%, after which new funding have to be made.
YouXWallet associates are capable of course of one withdrawal per week, on which they’re charged a 5% price.
YouXWallet’s Affiliate Ranks
There are eleven affiliate ranks inside YouXWallet’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Affiliate – enroll and make investments
- YouX 1 – generate an gathered $1000 in weaker binary crew facet quantity
- YouX 2 – generate an gathered $4000 in weaker binary crew facet quantity
- YouX 3 – generate an gathered $20,000 in weaker binary crew facet quantity
- YouX 4 – generate an gathered $50,000 in weaker binary crew facet quantity
- YouX 5 – generate an gathered $200,000 in weaker binary crew facet quantity
- YouX 6 – generate an gathered $500,000 in weaker binary crew facet quantity
- YouX 7 – generate an gathered $1,500,000 in weaker binary crew facet quantity
- YouX 8 – generate an gathered $3,000,000 in weaker binary crew facet quantity
- YouX 9 – generate an gathered $5,000,000 in weaker binary crew facet quantity
- YouX 10 – generate an gathered $10,000,000 in weaker binary crew facet quantity
Be aware that ofthe uncooked funding quantity quantities required above, not more than 20% can come from anyone unilevel crew leg.
Recruitment Commissions
YouXWallet associates are paid 10% of funds invested by personally recruited associates.
Residual Commissions (binary)
A binary compensation construction locations an affiliate on the high of a binary crew, break up into two sides (left and proper):
The primary stage of the binary crew homes two positions. The second stage of the binary crew is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary crew are generated as required, with every new stage housing twice as many positions because the earlier stage.
Positions within the binary crew are stuffed by way of direct and oblique recruitment of associates. Be aware there isn’t any restrict to how deep a binary crew can develop.
On the finish of every day YouXWallet tallies up new funding quantity on each side of the binary crew.
Associates are paid 10% of funds invested on their weaker binary crew facet, capped based mostly on the very best tier they’ve invested at.
E.g. Xwallet 20,000 tier associates can earn as much as $20,000 a day in residual binary commissions.
Residual Commissions (unilevel)
A unilevel compensation construction locations an affiliate on the high of a unilevel crew, with each personally recruited affiliate positioned instantly 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.
Commissions are paid as a proportion of funds held within the backoffice of unilevel crew associates, capped down ten ranges.
The residual unilevel fee fee seems to be 2.5% of 0.1% of the backoffice quantities, calculated and paid each day.
Rank Achievement Bonus
YouXWallet rewards associates for qualifying at YouX3 and better ranks.
- qualify at YouX 3 and obtain an iPhone
- qualify at YouX 4 and obtain a 4 day cruise plus $500
- qualify at YouX 5 and obtain a 6 nights journey to the Caribbean plus $3000
- qualify at YouX 6 and obtain a seven nights journey to the US plus $6000
- qualify at YouX 7 and obtain an eight nights journey to Europe plus $30,000
- qualify at YouX 8 and obtain a ten nights journey to Dubai plus $50,000
- qualify at YouX 9 and obtain a twelve nights journey to Tahiti plus $60,000
- qualify at YouX 10 and obtain a “home of desires” plus $250,000
Becoming a member of YouXWallet
YouXWallet affiliate membership is $10. It’s unclear whether or not this can be a once-off or month-to-month price.
Be aware that each one funds inside YouXWallet (each paid and acquired) are made in bitcoin.
Conclusion
YouXWallet signify they generate exterior income by way of cryptocurrency and foreign exchange trade, in addition to “sensible concepts (startup) market”.
The corporate nonetheless supplies no proof of exterior income being generated by way of these actions.
This leaves new funding as the only real verifiable income getting into YouXWallet, the usage of which to pay 400% returns makes it a Ponzi scheme.
YouXWallet additionally engages in pyramid fraud, by means of rewarding affiliate buyers who recruit new affiliate buyers.
Even when you purchase into YouXWallet’s unverified claims about exterior income technology, at a minimal the corporate remains to be committing securities fraud.
Of their advertising and marketing materials YouXWallet present a “registry code” for Estonia’s e-business register.
This corresponds with an incorporation in Estonia for YouXWallet, nonetheless this isn’t the identical as registering with a monetary regulator.
Passive MLM funding schemes like YouXWallet are categorised as securities. To be able to function legally YouXWallet has to register its securities providing with monetary regulators.
Securities choices in Estonia are regulated by the Estonian Monetary Supervision and Decision Authority.
Primary incorporation, as YouXWallet has executed, doesn’t authorize them to supply securities in Estonia.
That’s after all a moot level, as a result of YouXWallet in Estonia is a shell firm. Funding is main solicited in Brazil, which is regulated by the Brazilian SEC.
YouXWallet supplies no proof they’ve registered with the Brazilian SEC, or certainly monetary regulators in some other jurisdiction.
As with all Ponzi schemes, as soon as affiliate recruitment dies down so too will new funding.
This may starve YouXWallet of ROI income, ultimately prompting a collapse.
The mathematics behind Ponzi schemes ensures that after they collapse, the vast majority of members lose cash.