Aladino fails to offer possession or govt info on its web site.
In actual fact as I write this, Aladino’s web site seems disabled till September fifteenth:
Additional analysis reveals Christian Steinkeller on a September ninth Aladino webinar.
On the webinar, Steinkeller introduces Michele Domizi as Aladino’s CEO.
As per Domizi’s LinkedIn profile, he’s the CEO of Making Duplication Applied sciences.
Making Duplication Applied sciences is behind Duplii, a failed MLM advertising and marketing platform.
Domizi’s LinkedIn profile locations him in Dublin Eire.
Whether or not that’s nonetheless correct although is unclear.
Aside from Duplii, which isn’t an MLM alternative itself, Domizi doesn’t have a publicly verifiable MLM historical past. It is a pink flag.
Christian Steinkeller in the meantime is a infamous Ponzi promoter and admin.
Christian, together with brothers Aron and Stefan (proper), are finest recognized within the MLM business as a high earners within the $4 billion greenback OneCoin Ponzi scheme.
Following OneCoin’s collapse in 2017, the Steinkeller brothers fled to Dubai.
Because the Steinkeller brothers have run and/or promoted MyCoin24, Planet Impression, WinWheel and MetFi.
Each the Steinkeller brothers and Michele Domizi are initially from Italy.
Following an investigation that linked them to mafia violence, threats and homicide, the Steinkeller brothers had been indicted by Italian authorities in 2021.
As of October 2022 the Steinkeller’s felony case, which pertains to OneCoin fraud prices, is ongoing.
Earlier this yr we realized the Steinkeller brothers engaged PR agency Eliminalia to cover their fraudulent conduct.
Whereas I can’t say for positive, it’s extremely seemingly the Steinkeller brothers have a hand within the establishing and operation of Aladino.
As at all times, if an MLM firm is just not brazenly upfront about who’s working or owns it, assume lengthy and arduous about becoming a member of and/or handing over any cash.
Aladino’s Merchandise
Aladino has no retailable services or products.
Associates are solely in a position to market Aladino affiliate membership itself.
Aladino’s Compensation Plan
Aladino associates make investments tether (USDT), into an eight-tier NFT place funding scheme:
That is achieved on the promise of shares in a crypto mining pool:
- make investments 25 USDT and obtain 20% of an allotted share
- make investments 250 USDT and obtain 25% of an allotted share
- make investments 1000 USDT and obtain 40% of an allotted share
- make investments 2500 USDT and obtain 45% of an allotted share
- make investments 5000 USDT and obtain 60% of an allotted share
- make investments 10,000 USDT and obtain 70% of an allotted share
- make investments 25,000 USDT and obtain 75% of an allotted share
- make investments 50,000 USDT and obtain 80% of an allotted share
In its advertising and marketing materials, Aladino cites a 300% annual ROI per allotted share. Returns are purportedly paid out for 5 years, after which reinvestment is required.
Notice that though returns are calculated yearly, Aladino pays “a number of time(s) day by day” in bitcoin (BTC).
The MLM aspect of Aladino pays on recruitment of affiliate traders.
Aladino Affiliate Ranks
There are eight affiliate ranks inside Aladino’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Rank 1 – join as an Aladino affiliate and make investments at the least 25 USDT
- Rank 2 – make investments at the least 250 USDT and generate 2500 USDT in downline funding quantity
- Rank 3 – make investments at the least 1000 USDT and generate 10,000 USDT in downline funding quantity
- Rank 4 – make investments at the least 2500 USDT and generate 50,000 USDT in downline funding quantity
- Rank 5 – make investments at the least 5000 USDT and generate 200,000 USDT in downline funding quantity
- Rank 6 – make investments at the least 10,000 USDT and generate 1,000,000 USDT in downline funding quantity
- Rank 7 – make investments at the least 25,000 USDT and generate 2,500,000 USDT in downline funding quantity
- Rank 8 – make investments at the least 50,000 USDT and generate 10,000,000 USDT in downline funding quantity
Notice that from Rank 2, not more than 60% of required downline funding quantity might be counted from anyone recruitment leg.
Referral Commissions
Aladino pays referral commissions through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel crew, with each personally recruited affiliate positioned immediately underneath 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.
Aladino caps payable unilevel crew ranges at sixteen.
Referral commissions are paid as a proportion of USDT invested throughout these sixteen ranges primarily based on rank:
- Rank 1 associates earn 10% on stage 1 and 5% on stage 2
- Rank 2 associates earn 10% on stage 1, 5% on stage 2, 4% on stage 3 and three% on stage 4
- Rank 3 associates earn 10% on stage 1, 5% on stage 2, 4% on stage 3, 3% on stage 4 and a couple of% on ranges 5 and 6
- Rank 4 associates earn 10% on stage 1, 5% on stage 2, 4% on stage 3, 3% on stage 4 and a couple of% on ranges 5 to eight
- Rank 5 associates earn 10% on stage 1, 5% on stage 2, 4% on stage 3, 3% on stage 4, 2% on ranges 5 to 9 and 1% on stage 10
- Rank 6 to eight associates earn 10% on stage 1, 5% on stage 2, 4% on stage 3, 3% on stage 4, 2% on ranges 5 to 9 and 1% on ranges 10 to 16
Infinity Bonus
Rank 5 and better Aladino associates qualify for the Infinity Bonus.
The Infinity Bonus pays a bonus proportion on USDT funding quantity from stage 17 of the unilevel crew.
- Rank 5 associates obtain a 1% Infinity Bonus
- Rank 6 associates obtain a 2% Infinity Bonus
- Rank 7 associates obtain a 5% Infinity Bonus
- Rank 8 associates obtain a ten% Infinity Bonus
Rank Achievement Bonus
Aladino rewards associates for qualifying at Rank 2 and better with the next one-time Rank Achievement Bonuses:
- qualify at Rank 2 and obtain 100 USDT
- qualify at Rank 3 and obtain 400 USDT
- qualify at Rank 4 and obtain 2000 USDT
- qualify at Rank 5 and obtain 8000 USDT
- qualify at Rank 6 and obtain 40,000 USDT
- qualify at Rank 7 and obtain 100,000 USDT
- qualify at Rank 8 and obtain 400,000 USDT
Becoming a member of Aladino
Aladino affiliate membership is free.
Full participation within the hooked up earnings alternative requires a minimal 25 USDT funding.
Aladino Conclusion
Aladino represents it generates exterior income through cryptocurrency mining.
No proof of Aladino producing income by mining, or another supply of exterior income, is supplied.
Moreover, as per the screenshot of Aladino’s web site within the introduction of this assessment, the corporate claims to have already got “$100 tens of millions” in its mining pool.
If that’s the case, what do they want your cash for?
On the regulatory entrance Aladino’s passive returns funding scheme constitutes a securities providing.
Aladino fails to offer proof it has registered itself with monetary regulators in any jurisdiction.
Which means, at a minimal, Aladino and its promoters are committing securities fraud.
This doesn’t come as a shock contemplating the Steinkeller brothers’ previous.
Because it stands, the one verifiable income coming into Aladino is new funding.
Utilizing new funding to pay affiliate withdrawals would make Aladino a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This may starve Aladino of ROI income, finally prompting a collapse.
The maths behind Ponzi schemes ensures that once they collapse, nearly all of members lose cash.
