Ulix7 fails to offer verifiable possession or government data on its web site.
Ulix7’s web site area (“ulix7.com”), was privately registered on July twenty second, 2023.
Over on YouTube, Ulix7 has a advertising and marketing video that includes “Ronald”:
Ulix7 credit Ronald as CEO of the corporate within the video description and on their web site.
Ronald nonetheless doesn’t appear to know he’s CEO, and introduces himself solely as a “Firm Director”.
Ronald after all doesn’t exist. He’s a fictional government performed by UK resident Oliver Haydon (aka Oli Haydon).
Haydon, amongst different issues, is an actor. You’ll be able to see a few of his work on the defunct Pint Sized YouTube channel.
In an additional try to look professional, Ulix7 supplies an incorporation certificates for Ulix Restricted.
Ulix Restricted was included within the UK on February 14th, 2022.
An MLM firm working or claiming to function out of the UK is a purple flag.
UK incorporation is dust low cost and successfully unregulated. On high of that the FCA, the UK’s high monetary regulator, don’t actively regulate MLM associated securities fraud.
Consequently the UK is a popular jurisdiction for scammers seeking to incorporate, function and promote fraudulent corporations.
For the aim of MLM due-diligence, incorporation within the UK or registration with the FCA is meaningless.
As all the time, if an MLM firm isn’t brazenly upfront about who’s operating or owns it, assume lengthy and onerous about becoming a member of and/or handing over any cash.
Ulix7’s Merchandise
Ulix7 has no retailable services or products.
Associates are solely capable of market Ulix7 affiliate membership itself.
Ulix7’s Compensation Plan
Ulix7 associates make investments USD equivalents in cryptocurrency. That is finished on the promise of marketed returns:
- A-1 – make investments $25 to $150,000 and obtain 1.5% a day for 15 days
- B-2 – make investments $1000 to $150,000 and obtain 2% a day for 15 days
- C-3 – make investments $5000 to $150,000 and obtain 3% a day for 15 days
The MLM facet of Ulix7 pays on recruitment of affiliate buyers.
Ulix7 Affiliate Ranks
There are 5 affiliate ranks inside Ulix7’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Commonplace – join as a Ulix7 affiliate
- Progressive – generate $3000 in downline funding quantity
- Grasp – generate $10,000 in downline funding quantity
- VIP – generate $25,000 in downline funding quantity
- President – generate $50,000 in downline funding quantity
Referral Commissions
Ulix7 pays referral commissions 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.
Ulix7 caps payable unilevel staff ranges at 5.
Referral commissions are paid as a proportion of cryptocurrency invested throughout these 5 ranges primarily based on rank:
- Commonplace ranked associates earn 7% on degree 1 (personally recruited associates), 3% on degree 2 and 1% on ranges 3 and 4
- Progressive ranked associates earn 8% on degree 1, 3% on degree 2 and 1% on ranges 3 and 4
- Grasp ranked associates earn 10% on degree 1, 3% on degree 2 and 1% on ranges 3 to five
- VIP ranked associates earn 11% on degree 1, 3% on degree 2 and 1% on ranges 3 to five
- President ranked associates earn 12% on degree 1, 3% on degree 2 and 1% on ranges 3 to five
Becoming a member of Ulix7
Ulix7 affiliate membership is free.
Full participation within the hooked up earnings alternative requires a minimal $25 funding.
Ulix7 solicits funding in varied cryptocurrencies.
Ulix7 Conclusion
Ulix7 represents it generates exterior income through “extremely certified merchants and analysts”.
No proof of Ulix7 producing exterior revnue through any means is offered.
That’s as a result of, like Ulix7’s fictional executives, they don’t exist.
Ulix7’s enterprise mannequin moreover fails the Ponzi logic check.
If Ulix7 was able to legitimately producing 3% a day on a constant foundation, what do they want your cash for?
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This may starve Ulix7 of ROI income, finally prompting a collapse.
The maths behind Ponzi schemes ensures that after they collapse, nearly all of individuals lose cash.
