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Social Boosters fails to supply possession or government data on its web site.
Social Boosters’ web site area (“socialboosters.web”), was privately registered on August thirteenth, 2024.
A “prelaunch” video was uploaded to Social Boosters’ official YouTube channel on October twenty sixth, 2024. Within the video we study Joel Gomez is CEO the corporate:
Why this data isn’t disclosed on Social Boosters’ web site is unclear.
In accordance with his LinkedIn profile Gomez is a resident of Ontario, Canada:
Gomez doesn’t seem to have any MLM expertise. Previous to Social Boosters Gomez was Advertising Director for Evulus.
Evulus markets itself as a crypto change primarily based out of the Dominican Republic. In actuality Evulus is a “staking” mannequin Ponzi constructed round its evulus token (EVU).
Right here’s how that’s going:
Evidently someday in 2024 Gomez got here to phrases Evulus wasn’t going anyplace and moved on.
As all the time, if an MLM firm is just not brazenly upfront about who’s working or owns it, suppose lengthy and exhausting about becoming a member of and/or handing over any cash.
Social Boosters’ Merchandise
Social Boosters has no retailable services or products.
Associates are solely in a position to market Social Boosters affiliate membership itself.
Social Boosters’ Compensation Plan
Social Boosters associates make investments $15 to $1000 in cryptocurrency.
That is finished on the promise of marketed returns:
- Starter – make investments $15 and obtain a 170% ROI
- Rising – make investments $100 and obtain a 200% ROI
- Skilled – make investments $1000 and obtain a 230% ROI
The MLM facet of Social Boosters pays on recruitment of affiliate buyers.
Social Boosters’ Affiliate Ranks
There are eight affiliate ranks inside Social Boosters’ compensation plan.
Together with their respective qualification standards, they’re as follows:
- Fundamental – enroll as a Social Boosters affiliate and make investments at the very least $100
- Novato – make investments at the very least $120 and generate $1000 in weaker binary staff facet quantity
- King – make investments at the very least $300 and generate $3000 in weaker binary staff facet quantity
- Icon – make investments at the very least $600 and generate $6000 in weaker binary staff facet quantity
- Star – make investments at the very least $1000 and generate $10,000 in weaker binary staff facet quantity
- Sensation – make investments at the very least $5000 and generate $50,000 in weaker binary staff facet quantity
- Setter – make investments at the very least $10,000 and generate $100,000 in weaker binary staff facet quantity
- Vendor – make investments at the very least $25,000 and generate $200,000 in weaker binary staff facet quantity
Referral Commissions
Social Boosters pays referral commissions through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel staff, with each personally recruited affiliate positioned instantly underneath 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.
Social Boosters caps payable unilevel staff ranges at 4.
Referral commissions are paid as a proportion of funds invested throughout these 4 ranges as follows:
- degree 1 (personally recruited associates) – 5%
- degree 2 (should make investments at the very least $15 to unlock) – 8%
- degree 3 (should make investments at the very least $60 and recruit two affiliate buyers to unlock) – 5%
- degree 4 (should make investments at the very least $600 and recruit three affiliate buyers to unlock) – 2%
Residual Commissions
Social Boosters pays residual commissions through a binary compensation construction.
A binary compensation construction locations an affiliate on the prime of a binary staff, cut 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 crammed through direct and oblique recruitment of associates. Be aware there is no such thing as a restrict to how deep a binary staff can develop.
On the finish of every day Social Boosters tallies up new funding quantity on either side of the binary staff.
Residual commissions are paid as 5% to 10% of recent funding generated on the weaker binary staff facet, primarily based on rank:
- Fundamental and Novato ranked associates earn a 5% residual fee price
- King by means of Setter ranked associates earn an 8% residual fee price
- Vendor ranked associates earn a ten% residual fee price
Rank Achievement Bonus
Social Boosters rewards associates for qualifying at Novato and better with the next one-time Rank Achievement Bonuses:
- qualify at Novato and obtain a $50 reward card
- qualify at King and obtain a $150 reward card
- qualify at Icon and obtain a $300 reward card
- qualify at Star and obtain a $500 reward card plus Apple Airpods
- qualify at Sensation and obtain a $1000 reward card and Apple iPad
- qualify at Setter and obtain a $5000 reward card plus Apple iPhone
- qualify at Vendor and obtain a $10,000 reward card plus “plaque or ring”
Becoming a member of Social Boosters
Social Boosters affiliate membership prices between $15 to $1000:
- Starter – $15
- Rising – $100
- Skilled – $1000
The extra a Social Boosters affiliate spends the upper their revenue potential.
Be aware that whereas USD quantities are said, all transactions inside Social Boosters are made in cryptocurrency.
Social Boosters Conclusion
Social Boosters’ advertising and marketing ruse is an admitted mixture of recycling new funding and purported social media manipulation prospects.
We’ll get into the social media manipulation however recycling new funding of any variety makes Social Boosters a Ponzi scheme.
Social Boosters’ social media manipulation ruse sees it promise to artificially increase social media accounts. This may be by means of likes, views and basic engagement.
Placing apart this exercise violates the TOS of each social media platform, Social Boosters fails to supply verifiable proof this facet of the enterprise even exists.
Moreover, if it did exist, why would Social Boosters then have to have associates make investments?
Social Boosters additionally fails to supply proof it has registered its 170% to 230% passive returns funding scheme with monetary regulators.
Which means, at a minimal, social boosters is committing securities fraud. That is on prime of the confirmed “recycle invested funds” Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This wills tarve Social Boosters of ROI income, finally prompting a collapse.
The mathematics behind Ponzi schemes ensures that once they collapse, the vast majority of individuals lose cash.
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