The Last Network is a Vow marketing subsidiary.
Bishara “Bish” Smeir established and runs both Vow and The Last Network.Smeir, as far as I know, has no MLM experience. Smeir has been pushing a reward plan for years prior to Vow:
Smeir’s CashbackApp scheme may be traced back until at least 2015.
CashbackApp never got off the ground and failed as a company.
Smeir remade himself as a crypto dude and founded Vow in early 2019.
Vow is simply a cryptocurrency-powered remake of CashbackApp.
Smeir’s Enigmatic Smile, a UK shell firm, may white label both CashbackApp and Vow.
Not unexpectedly, Vow also failed and stayed dormant until June 2022.
Around this period, Smeir established The Last Network.
According to the SimilarWeb traffic graph above, traffic to Vow’s website is predominantly from Germany (39%), the United States (13%), and Austria (11%).
Joerg D. Wittke (aka Jörg Wittke), an Austrian national, is in charge of promoting The Last Network in German-speaking nations.
Wittke’s MLM claim to fame is his position as a “leader” in the BitClub Network.
BitClub Network was a Ponzi fraud worth $722 million. The co-founders of BitClub Network were detained by the DOJ in December 2019.
Wittke offers himself as an example.
Bitclub leader and creator of the Centurion Club, one of the Bitclub’s most successful teams.
Wittke promoted BitClub Network till June of 2019.
It is unknown how much money Wittke took through the Ponzi scam.
Wittke began advertising the Jubilee Ace Ponzi scam shortly after BitClub Network, around September 2019. Jubilee Ace went bankrupt in early 2021.
Ace Wittke pushed the HyperFund Ponzi to Germans after Jubilee.
HyperFund went bankrupt in late 2021. The three reboot Ponzis that followed were a shambles.
Vow is set up as a shell corporation in Jersey, a scam-friendly island off the coast of France.
Bish Smeir is thought to be situated in Glasgow, Scotland, where Vow and The Last Network are also run.
Joerg Wittke is situated in Dubai, the world’s MLM crime capital.
Continue reading for a thorough examination of The Last Network’s MLM potential.
The Products of the Previous Network
There are no retailable items or services on The Last Network.
Affiliates can only promote The Last Network affiliate membership.
The Compensation Plan of the Previous Network
Affiliates of The Last Network invest in VOW using tether (USDT) or ethereum (ETH).
The Last Network then parks the invested VOW. The Last Network transforms VOW investments into “LP Tokens.”
The Last Network then provides a minimum 4% monthly ROI on invested LNT tokens, paid in its own LNT shit token for 367 days.
It is important to note that when reinvesting, The Last Network affiliates must match or exceed their prior investment amount.
The Last Network’s MLM side makes money by recruiting affiliate investors.
The Most Recent Network Affiliate Ranks
The Last Network’s pay model has two sets of rankings: Commission ranks and Bonus ranks.
Ranks in the Commission
The Commission standings on the Last Network are as follows:
LP – less than $10,000 invested
Bonus Ranks Qualified LP – invest more than $10,000
There are seven Bonus Ranks on The Last Network:
Earn $100,000 for one star.
Earn $250,000 with a two-star rating.
Earn $500,000 as a three-star.
Earn $1,000,000 with a four-star rating.
Earn $2,500,000 as an ambassador.
Earn $5,000,000 as a Vice President.
Earn $10,000,000 as President.
It’s unclear whether the sums generated include ROI payouts or just MLM commissions.
Although the values stated above are in USD, The Last Network records active investment in cryptocurrency equivalents.
Commissions for Recommendation
The Last Network has a one-level payout system for referral commissions.
In a unilevel compensation system, an affiliate is put at the head of a unilevel team, with every individually recruited affiliate placed right under them (level 1):
If any level 1 affiliates acquire new affiliates, they are assigned to the original affiliate’s unilevel team at level 2.
If any level 2 affiliates recruit new affiliates, they are promoted to level 3, and so on for an unlimited number of levels.
Referral commissions are calculated as a proportion of the VOW invested by the unilevel team.
The number of tiers on which referral commissions are paid is regulated by rank:
Affiliates rated by LP
Level 1 LPs who have invested at least $500 and recruited at least one affiliate – 20% (personally recruited affiliates)
LPs who have invested at least $500 and recruited at least two affiliates receive a 20% bonus on level 1 and a 15% bonus on level 2.
LPs who have invested at least $500 and recruited at least three affiliates – 20% on level 1, 15% on level 2, 10% on level 3, and 5% on level 4 – will receive a 20% bonus.
Affiliates with qualified LP rankings
Qualified LPs who have at least one affiliate – 20% on level 1.
Qualified LPs with two affiliates – 20% on level 1 and 15% on level 2
Qualified LPs with three affiliates – 20% on level 1, 15% on level 2, and 10% on level 3
Qualified LPs who have recruited four affiliates (20% on level one, 15% on level two, 10% on level three, and 5% on level four).
Qualified LPs who have recruited five affiliates – 20% on level one, 15% on level two, 10% on level three, and 5% on levels four and five.
Qualified LPs who have recruited six affiliates – 20% on level one, 15% on level two, 10% on level three, and 5% on levels four through six.
Qualified LPs who have recruited seven affiliates (20% on level one, 15% on level two, 10% on level three, 5% on levels four through six, and 2% on level seven).
Qualified LPs who have recruited eight affiliates – 20% on level one, 15% on level two, 10% on level three, 5% on levels four through six, and 2% on levels seven and eight.
Qualified LPs who have recruited nine affiliates – 20% on level one, 15% on level two, 10% on level three, 5% on levels four through six, and 2% on levels seven through nine.
Qualified LPs who have recruited ten affiliates – 20% on level one, 15% on level two, 10% on level three, 5% on levels four through six, and 2% on levels seven through ten.
Qualified LPs who have recruited eleven affiliates – 20% on level 1, 15% on level 2, 10% on level 3, 5% on levels 4 to 6 and 2% on levels 7 to 11 Qualified LPs who have recruited twelve affiliates – 20% on level 1, 15% on level 2, 10% on level 3, 5% on levels 4 to 6 and 2% on levels 7 to 12 Qualified LPs who have recruited thirteen affiliates – 20% on level 1, 15% on level 3, 5% on levels 4 to 6 and
Qualified LPs who have recruited twenty affiliates – 20% on level one, 15% on level two, 10% on level three, 5% on levels four through six, 2% on levels seven through fifteen, and 1% on levels sixteen through twenty.
It’s worth noting that The Last Network pays referral fees in LP tokens.
Bonus for Rank Achievement
Affiliates that qualify at One Star or above are rewarded by The Last Network:
qualification at One Star and receive $10,000 qualification at Two Star and receive $15,000 qualification at Three Star and receive $25,000 qualification at Four Star and receive $50,000 qualification at Ambassador and receive $150,000 qualification at Vice President and receive $250,000 qualification at President and receive $500,000
Participating in The Last Network
Affiliate membership in the Last Network looks to be free.
A $500 investment in USDT or ETH is required to participate in the linked MLM opportunity.
The Network’s Final Verdict
The Last Network is a classic MLM cryptocurrency Ponzi scam that was formed to resurrect an otherwise unsuccessful firm.
The Last Network affiliates invest in tether and ethereum under the pretense of “staking” (investment) and “yields” (returns).
This is done in exchange for a monthly ROI. Then, via a complicated system of in-house crap tokens, earlier The Last Network affiliates cash out previously invested bitcoin.
The Last Network’s marketing concept is based on Bish Smeir’s unsuccessful Vow cashback program.
Vow has nothing to do with The Last Network’s investment or profits in terms of money flow. The Last Network is a closed-loop system that moves freshly invested cryptocurrency around to pay off previous investors.
On the regulatory front, the monthly passive returns of The Last Network plainly represent a securities offering.
In no jurisdiction is Vow, The Last Network, Bish Smeir, or Joerg D. Wittke registered to offer securities.
This suggests that The Last Network, Smeir, Wittke, and the other promoters are committing securities fraud at the very least.
The co-founders of BitClub Network were charged with wire and securities fraud.
As with other MLM Ponzi schemes, once affiliate recruiting is exhausted, fresh investment will dry up.
This will result in The Last Network being unable to pay out withdrawal requests (disguised as exchanging VOW and other TLN crap tokens on the open market), eventually leading to the network’s demise.
Ponzi schemes are mathematically certain to lose money for the vast majority of investors.
One simply needs to look at every Ponzi scheme Joerg Wittke has ever supported to see proof of this.
Wittke and The Last Network insiders positioned themselves ahead of the prelaunch rubes before to the June 2022 launch.
As prelaunch rubes, new investors are presently being solicited. In December 2022, The Last Network plans to perform public launch ceremonies.