Swapnex supplies no data on its web site about who owns or runs the corporate.
Swapnex’s web site area (“swapnex.io”), was privately registered again in December 2020.
The corporate itself seems to have launched on or round August 2021.
In an try to seem legit, Swapnex supplies Australian incorporation particulars for “Swapnex PTY LTD”. A corresponding company handle in NSW, Australia can be offered.
One of many companies working from this handle is a digital workplace handle service provider.
For the aim of MLM due-diligence, primary incorporation in any jurisdiction is meaningless of for the aim of MLM due-diligence. That is primarily as a result of lack of verification of submitted knowledge.
Swapnex’s official YouTube channel was created on August 2nd, 2021. The channel options advertising and marketing movies with solid actors.
In an October thirtieth 2021 video, an unnamed “product director” seems in a typical rented workplace setup:
In a second video uploaded on February sixth 2022, Swapnex names its Product Director as Marcus Huber;
“Marcus Huber” is in truth Rupert Godman, a UK citizen residing in Russia for twenty years.
Godman is fluent in French, Spanish, German and Russian. As per an interview Sam Gerrans, circa 2012 Godman was
in actual property and teaches enterprise English. He’s additionally writing a novel and performs drums in a band.
On March twentieth, Godman marked a current Swapnex performing gig with an Instagram put up:
My final position in Moscow taking part in a spivvy cryptocurrency vendor in a company video.
I stay open to alternatives within the UK.
I imagine the video Godman refers to is the February 2022 Swapnex advertising and marketing video cited above.
Swapnex’s official FaceBook web page is managed from the Ukraine.
From this we surmise “Marcus Huber” is a Boris CEO. Who precisely is working Swapnex is unclear however it’s very clearly the same old eastern-European scammers.
As at all times, if an MLM firm isn’t brazenly upfront about who’s working or owns it, suppose lengthy and laborious about becoming a member of and/or handing over any cash.
Swapnex’s Merchandise
Swapnex has no retailable services or products.
Associates are solely in a position to market Swapnex affiliate membership itself.
Swapnex’s Compensation Plan
Swapnex associates make investments cryptocurrency on the promise of a passive return.
- Begin – $200 (locked for 30 to 90 days)
- Private – $500 (locked for 120 days)
- Skilled – $1500 (locked for 180 or 360 days)
Observe that whereas the above quantities are quoted in USD, Swapnex solely solicits funding in cryptocurrency.
The MLM aspect of Swapnex pays on cryptocurrency invested by recruited associates.
Referral Commissions
Swapnex pays referral commissions through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel workforce, with each personally recruited affiliate positioned straight underneath them (degree 1):
If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel workforce.
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.
Swapnex caps payable unilevel workforce ranges at 5.
Referral commissions are paid as a share of cryptocurrency invested throughout these 5 ranges as follows:
- degree 1 (personally recruited associates) – 10%
- degree 2 – 2%
- degree 3 – 1%
- ranges 4 and 5 – 0.5%
Consultant certified Swapnex associates obtain “increased commissions and bonuses”.
- degree 1 – 20%
- degree 2 – 10%
- degree 3 – 6%
- degree 4 – 2%
- degree 5 – 1%
Particular Consultant qualification standards isn’t offered.
Month-to-month Bonus
The Month-to-month Bonus is calculated on “complete revenue” paid to personally recruited associates.
The Month-to-month Bonus begins at $10. Swapnex doesn’t present full Month-to-month Bonus particulars.
Management Bonus
The Management Bonus is a month-to-month bonus paid on downline funding milestones.
- generate $1000 in downline funding and obtain $10
- generate $2000 in downline funding and obtain $20
- generate $5000 in downline funding and obtain $50
- generate $10,000 in downline funding and obtain $100
- generate $50,000 in downline funding and obtain $500
- generate $500,000 in downline funding and obtain $5000
Becoming a member of Swapnex
Swapnex affiliate membership is free.
Full participation within the connected earnings alternative requires funding.
Swapnex solicits funding in bitcoin, tether, ethereum, litecoin and dogecoin.
Swapnex Conclusion
Swapnex is an easy Boris CEO Ponzi scheme.
The advertising and marketing ruse of selection is the cliche buying and selling bot:
Let Synthetic Intelligence give you the results you want! Simply select a foreign money pair, enter a sum for buying and selling and watch the bot making income for you!
Our AI-based options robotically monitor costs on totally different exchanges and select probably the most appropriate time for creating orders.
That is after all baloney. Like all Ponzi scheme, all Swapnex does is recycle invested funds to pay ROI withdrawal requests.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up, so too will new funding.
This may starve Swapnex of ROI income, ultimately prompting a collapse.
The maths behind Ponzi schemes ensures that once they collapse, the vast majority of contributors lose cash.
At time of publication Alexa ranks high sources of visitors to Swapnex’s web site as Azerbaijan (14%), Italy (10%) and Vietnam (6%).
