Good-X fails to supply possession or govt info on its web site.
As an alternative, Good-X gaslights potential traders by mendacity about it having “no directors” and “no homeowners”.
These claims are after all baloney. Good-X didn’t set itself up, its proprietor/admin did. We’ll get into why Good-X is a rip-off later within the overview.
Good-X’s web site area (“smart-x.world”), was privately registered on June thirtieth, 2024.
As all the time, if an MLM firm just isn’t brazenly upfront about who’s operating or owns it, suppose lengthy and arduous about becoming a member of and/or handing over any cash.
Good-X’s Merchandise
Good-X has no retailable services or products.
Associates are solely in a position to market Good-X affiliate membership itself.
Good-X’s Compensation Plan
Good-X associates make investments USD equivalents in cryptocurrency. That is performed on the promise of 1% a day, capping out at 300%.
Word that Good-X expenses a ten% payment on all withdrawals.
The MLM facet of Good-X pays on recruitment of affiliate traders.
Good-X Affiliate Ranks
There are six affiliate ranks inside Good-X’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Tier 1 – make investments $10 to $300 and generate over $10 in downline funding quantity
- Tier 2 – make investments $301 to $500 and generate over $10,000 in downline funding quantity
- Tier 3 – make investments $501 to $1000 and generate $50,000 in downline funding quantity
- Tier 4 – make investments $1001 to $3000 and generate $100,000 in downline funding quantity
- Tier 5 – make investments $3001 to $5000 and generate $500,000 in downline funding quantity
- Tier 6 – make investments $5001 or extra and generate $1,000,000 in downline funding quantity
Referral Commissions
Good-X pays an “as much as 20%” referral commissions on cryptocurrency invested by personally recruited associates.
Residual Commissions
Good-X pays residual commissions by way of a binary compensation construction.
A binary compensation construction locations an affiliate on the prime of a binary staff, break up into two sides (left and proper):
The primary degree of the binary staff homes two positions. The second degree of the binary staff is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary staff are generated as required, with every new degree housing twice as many positions because the earlier degree.
Positions within the binary staff are stuffed by way of direct and oblique recruitment of associates. Word there is no such thing as a restrict to how deep a binary staff can develop.
On the finish of every day Good-X tallies up new funding quantity on each side of the binary staff.
Residual commissions are paid as a proportion of funding quantity on the weaker binary staff facet.
- Tier 1 ranked associates earn a 5% residual fee price
- Tier 2 ranked associates earn a 6% residual fee price
- Tier 3 ranked associates earn a 7% residual fee price
- Tier 4 ranked associates earn an 8% residual fee price
- Tier 5 ranked associates earn a 9% residual fee price
- Tier 6 ranked associates earn a ten% residual fee price
As soon as paid out on, weaker binary facet quantity is matched in opposition to the stronger binary staff facet and flushed. Any leftover quantity on the stronger binary staff facet carries over.
Becoming a member of Good-X
Good-X affiliate membership is free.
Full participation within the connected earnings alternative requires a minimal $10 funding.
Good-X solicits funding in varied cryptocurrencies.
Good-X Conclusion
Good-X is an easy smart-contract Ponzi scheme with connected pyramid scheme commissions.
Good-X is a Ponzi owing to there being no exterior income supply. New funding funds ROI withdrawals.
All Ponzi schemes are scams. Actually one may argue Good-X mendacity about having no proprietor and never being a rip-off makes it a rip-off – on prime of the inherent monetary fraud after all.
The MLM facet of Good-X is a pyramid scheme owing to nothing being marketed or bought to retail prospects.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This can starve Good-X of ROI income, ultimately prompting a collapse.
The mathematics behind Ponzi schemes ensures that once they collapse, nearly all of contributors lose cash.
