Hacken Pool supplies no info on its web site about who owns or runs the corporate.
Hacken Pool’s web site area (“hackenpool.com”), was registered on June nineteenth, 2021. The area registration was final up to date on March twenty second, 2022.
Hacken Pool’s web site area registration lists “Isabella Alexander” because the proprietor, full with a bogus deal with within the UK.
Hacken Pool additionally operates from the secondary area “hpbackoffice”, privately registered on March sixteenth, 2022.
In Hacken Pool’s official presentation PDF we discover an e-mail deal with:
This corresponds to Ahmad Fathurizqi, who seems to be based mostly out of Malaysia.
In an try to look reliable, Hacken Pool supplies incorporation certificates for “Hacken Pool Buying and selling Restricted” and “Hacken Restricted”.
Hacken Pool Buying and selling Restricted was integrated within the UK on March twenty second, 2022.
Hacken Restricted was integrated in 2014 and doesn’t have something to do with Hacken Pool.
An MLM firm working or claiming to function out of the UK is a pink 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 firms.
For the aim of MLM due-diligence, incorporation within the UK or registration with the FCA is meaningless.
Whether or not Ahmad Fathurizqi is working Hacken Pool is unclear. On the very least his involvement suggests, versus the UK, that Hacken Pool has ties to Malaysia.
One other risk is neighboring Singapore:
As all the time, 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.
Hacken Pool’s Merchandise
Hacken Pool has no retailable services or products.
Associates are solely capable of market Hacken Pool affiliate membership itself.
Hacken Pool’s Compensation Plan
Hacken Pool associates make investments USD equivalents in cryptocurrency.
That is finished on the promise of marketed passive returns:
- Sovereign Pool – make investments $9 to $99 and obtain 310% over 145 days
- Oil Pool – make investments $100 to $999 and obtain 324% over 133 days
- Gold Pool – make investments $1000 to $9999 and obtain 349% over 130 days
- Foreign exchange Pool – make investments $10,000 to $49,999 and obtain 374% over 127 days
- Crypto Pool – make investments $50,000 to $99,999 and obtain 399% over 113 days
- Companion Pool – make investments $100,000 or extra and obtain 449% over 97 days
Be aware that Hacken Pool costs a 5% price on all withdrawals.
The MLM facet of Hacken Pool pays on recruitment of affiliate traders.
Referral Commissions
Hacken Pool pays referral commissions on funds invested by personally recruited associates.
Referral fee charges are decided by how a lot a Hacken Pool affiliate has invested:
- Sovereign Pool tier associates obtain a 6% referral fee charge
- Oil Pool tier associates obtain a 7% referral fee charge
- Gold Pool tier associates obtain an 8% referral fee charge
- Foreign exchange Pool tier associates obtain a 9% referral fee charge
- Crypto Pool tier associates obtain an 11% referral fee charge
- Companion Pool tier associates obtain a 15% referral fee charge
Residual Commissions
Hacken Pool pays residual commissions by way of a binary compensation construction.
A binary compensation construction locations an affiliate on the high of a binary staff, cut up into two sides (left and proper):
The primary stage of the binary staff homes two positions. The second stage 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 stage housing twice as many positions because the earlier stage.
Positions within the binary staff are crammed by way of direct and oblique recruitment of associates. Be aware there isn’t any restrict to how deep a binary staff can develop.
On the finish of every day Hacken Pool tallies up new funding quantity on each side of the binary staff.
Associates are paid a share of funds invested on their weaker binary staff facet:
- Sovereign Pool tier associates earn 6%
- Oil Pool tier associates earn 7%
- Gold Pool tier associates earn 8%
- Foreign exchange Pool tier associates earn 9%
- Crypto Pool tier associates earn 11%
- Companion Pool tier associates earn 15%
Be aware that residual commissions are capped day by day based mostly on the quantity an affiliate has actively invested.
As soon as paid out on, quantity is flushed in opposition to the stronger binary staff facet and flushed.
Any leftover quantity on the stronger binary staff facet carries over.
Month-to-month Turnover Sharing
Hacken Pool’s compensation plan particulars “month-to-month firm turnover sharing” for Companion Pool tier associates.
No specifics are supplied.
Becoming a member of Hacken Pool
Hacken Pool affiliate membership is free.
Full participation within the connected revenue alternative requires a minimal $9 funding.
As soon as a complete ROI has been realized on any funding, reinvestment is required to proceed incomes.
Hacken Pool solicits funding in varied cryptocurrencies.
Hacken Pool Conclusion
Hacken Pool claims to be a “well-known crypto buying and selling platform”.
How does Hacken Pool generate revenue?
On this pool, we commerce your cash in numerous cryptocurrencies for pumping and dumping, additionally we work within the foreign currency trading platform which might create excessive revenue for our neighborhood.
Pumping and dumping or in any other case, Hacken Pool fails to supply proof of exterior income era of any form.
The corporate’s enterprise mannequin additionally fails the Ponzi logic check.
Anybody able to producing 449% each 97 days isn’t sharing their magic cash machine with you. Not to mention supplying you with entry without cost.
They’d quietly run their “pump and dump” scheme themselves, quickly retiring among the many richest on the planet.
Because it stands the one verifiable income coming into Hacken Pool is new funding.
Utilizing new funding to pay passive returns to traders makes Hacken Pool a Ponzi scheme.
With nothing marketed to or offered to retail prospects, the MLM facet of Hacken Pool provides a further pyramid layer to the scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
It will starve Hacken Pool of ROI income, finally prompting a collapse.
The mathematics behind Ponzi schemes ensures that once they collapse, nearly all of individuals lose cash.
