Givvo is launching Ultron, a brand new product. It is a bit of bizarre the way it’s being rolled out. It was previously housed on Givvo’s web site, however now Ultron is being launched as a stand-alone alternative: Till lately, that subdomain was absolutely useful.
It has now been turned off. In keeping with my analysis, Givvo doesn’t have a devoted web site. Regardless, we have established a reference to Givvo. It’s stated that Givvo intends to “repair the truth that 99 p.c of people by no means win at life.”
One in every of GIVVO’s main targets is to meet everybody’s deepest needs whereas additionally making the world a greater place. Givvo describes itself as a fundraising platform for “humanitarian teams” that don’t reveal their donors’ identities.
Licensed humanitarian organizations are supported by GIVVO’s “Donations Marketing campaign.” When the marketing campaign is over, we’ll present you ways the cash was put to good use. An e-commerce platform with a donation backend, Givvo is solely an e-commerce platform.
You’ll be able to earn “donate factors” by making purchases on their platform. There are pre-planned campaigns for the distribution of donation factors. I imagine that what Givvo is doing is changing buyer cashback into charitable contributions.
Givvo has a built-in referral program: Givvo’s web site at present has 2.8 million distinctive guests per thirty days, based on Alexa. Just a little goes a great distance, however it’s not a lot. Relating to who owns Givvo, and by extension, Ultron, no info is given.
As acknowledged within the “marketing campaign laws” part of Givvo’s web site, Prizer22 LTD is getting used as a shell company to run the marketing campaign. A pink flag is an MLM enterprise that claims to be based mostly in the UK. For small companies, low cost and unregulated incorporation in the UK is a godsend.
As an extra complication, the UK’s main monetary authority, the FCA, doesn’t aggressively regulate MLM-related securities fraud. Consequently, the UK is a well-liked location for scammers to arrange, run, and promote fraudulent companies.
For MLM due-diligence functions, incorporation in the UK or FCA registration is of no significance. The official Fb pages of Givvo are run out of Slovakia and Slovenia, respectively. It is consistent with the corporate’s e-commerce platform, which is about up in euros.
Givvo’s YouTube channel posted an occasion video in September 2021: Within the video, Matej Cifra, a Slovakian YouTuber, seems. That is the YouTube channel managed by Cifra. In Givvo or Ultron, I could not discover out if Cifra was linked in any manner.
Tobias Sukenik, a key determine in Givvo, was launched to me via Cifra. TBF Worldwide, a CBD MLM firm, was co-founded by Sukenik in 2019. Kannaway acquired TBF Worldwide in 2020.
In keeping with the BusinessForHome article referenced above, Michal Kyselica and Michal Prazenica are the opposite two co-founders of TBF Worldwide. Though Kyselica seems to have moved on, Michal Prazenica remains to be listed because the CEO of Givvo on LinkedIn.
In keeping with a reader of BehindMLM, the BeReal Property Ponzi scheme was linked to Sukenik and Prazenica in 2018, earlier than they co-founded TBF Worldwide, by a reader of us. I simply observed that one other reader (remark # 27) had already linked Sukenik and Prazenica to Givvo, which might have saved me some work.
On the time, it was October 2021. As a result of I lacked entry to details about Givvo’s marketing strategy, I used to be unable to jot down a overview. Multiple particular person has requested for a overview of Givvo/Ultron.
This time round, I used to be capable of comply together with your request. Tobias Sukenik and Michal Prazenica are each based mostly in Dubai, based on their social media profiles. Scammers go to Dubai because the nation has few extradition agreements and no legal guidelines governing MLM-related securities fraud.
Dubai is taken into account by BehindMLM to be the world’s MLM rip-off capital. Any MLM group located in Dubai or using Dubai-based executives ought to be averted in any respect prices.
Dubai, Slovakia, and Slovenia are the places of Givvo and Ultron’s enterprise operations. Do not be a part of or ship over any cash to an MLM agency except they’re utterly clear about who owns and runs it. The Merchandise of Ultron Ultron would not have something you should purchase in a retailer.
Associates can solely promote Ultron affiliate membership. Compensation for Ultron On the promise of marketed returns, Ultron associates put money into ULTRON tokens.
Associates can buy Ultron tokens in three packages for one penny every. There are three worth ranges: $500, $1,500, and $5,000. Bonus ULTRON tokens are included in all packages. Tokens bought utilizing ULTRON are held in escrow by the corporate till the marketed returns are acquired.
How lengthy an affiliate holds on to their Ultron tokens determines the quantity of revenue they are going to obtain: 0.2% per day for the primary 12 months, 0.1% for the second 12 months, and 0.5% for the third 12 months, the fourth 12 months. Per day, 0.025 p.c A every day charge of 0.012 p.c is used.
Ultron’s MLM affords commissions on token purchases made by associates who’ve been recruited. The Ranks of Ultron Associates Ultron’s pay scheme has fifteen affiliate ranks. They’re as follows, together with their respective {qualifications}: Ultron tokens will be bought by registering as a associate.
With the intention to be an energetic associate, it’s essential to earn €100 in gathered weaker binary crew quantity. Be certain that the weaker binary crew aspect generates 2500 EUR in mixture quantity. The grasp objective is a binary crew aspect quantity accumulation of 5000 EUR. crew supervisor generate 15,000 EUR from the weaker binary crew quantity over time. 40,000 EUR in cumulative weaker binary quantity on the crew aspect.
75,000 EUR in gathered weaker binary crew aspect quantity will be generated by the Regional Supervisor. The Govt Director is predicted to develop a aspect quantity of gathered weaker binary groups of 200,000 Euros.Create 200,000 EUR value of weaker binary crew quantity.
Double With the Diamond Director, generate 1,000,000 EUR in gathered weaker binary crew aspect quantity. As Vice President, generate 2,500,000 EUR in cumulatively inferior binary crew aspect quantity! Produce a aspect quantity of collected weaker binary groups of 15,000,000 EUR, Mr. President of the World. All year long, Star PresidentLegend-amass 50,000,000 EUR of weaker binary crew aspect quantity.
Commissions for referrals Token packages acquired by Ultron associates are bought at a ten% fee to Ultron associates. Recurring Funds A binary compensation mechanism is utilized by Ultron to pay residual commissions. There are two sides (the left and proper) to each binary crew, and either side has its personal pay scheme. The binary crew has two slots on the primary degree.
These first two positions are divided into one other two positions every to provide the binary crew’s second degree (4 positions). Every successive degree of the binary crew accommodates two occasions as many slots because the previous degree, permitting for as many tiers of the binary crew as wanted.
Direct and oblique affiliate recruitment is used to fill positions within the binary crew. You must understand that binary groups can go infinitely deep. New funding quantity on either side of the binary crew is counted by Ultron as soon as per week. A ten% fee is granted to binary crew associates based mostly on the amount generated on the weaker aspect of a binary crew.
You must know that the quantity of residual commissions you may earn every week is dependent upon your rank: As much as €1000 EUR will be earned by companions. Masters permits Lively Companions to earn as much as €3000 EUR. Managers of groups can earn as much as 5,000 euros annually. President managers can earn as much as €7500 EUR. Regional managers can earn between €10,000 and €15,000 per 12 months. As much as €12,000 EUR will be earned by Govt Administrators. As much as €20,000 will be earned as a Diamond Director.
A minimum of €30,000 per 12 months will be earned by Double Diamond Administrators. Vice Presidents can earn as much as €40,000 per 12 months. €50,000 EUR is the utmost quantity that presidents can earn. World CEOs could make as much as €75,000 annually. It’s potential for a star president to make as much as 175,000 euros.
As much as €350,000 EUR could also be earned by legends within the recreation. A binary crew’s quantity is matched and flushed as soon as it has been paid out. The next week shall be used for any unused quantity. Bonuses for Complementary Investments Utilizing a unilevel compensation plan, Ultron offers an identical bonus.
When an affiliate recruits new members, they’re positioned on the head of their unilevel crew (degree 1), and every new member is positioned proper below them (degree 2). Associates recruited by degree 1 members are positioned on the second degree of their unilevel crew. In idea, there could also be a vast variety of ranges of associates if any degree 2 associates recruit new associates. The Matching Bonus is capped by Ultron at seven ranges for a single-level crew. Crew associates obtain a proportion of their residual commissions, known as the Matching Bonus. An Ultron affiliate’s rank determines what number of tiers she or he receives the matching bonus on: On degree 1, Grasp and Crew Managers obtain a ten% bonus (personally recruited associates).
At ranges 1 and a couple of, challenge managers obtain a ten% match. A ten% match is given to regional managers on ranges 1 to three. A ten% match is given to government administrators on ranges 1 to 4. A ten% match is given to Diamond Administrators on ranges 1 to five. Double Diamond Administrators obtain a ten% bonus at every of the primary six ranges. A ten% bonus is given to Vice Presidents and better on ranges 1 to 7.
Bonuses for Recruitment Recruiting 5 Ultron associates who buy a package deal inside 30 days of signing up ends in a reimbursement for the Ultron affiliate. Associates should buy packages which are equal to or larger than these bought by the certified affiliate.Bonuses for prime performers An Ultron Leaders Bonus Pool is created by depositing 5% of company gross sales into the pool.
Divided into 4 equal halves, the Leaders Bonus Pool is split into smaller ones. Associates of Ultron are entitled to a portion of the lesser chief bonus swimming pools, that are divided based on rank: Managing Administrators and managing administrators every obtain a portion of the supervisor chief bonus pool. A portion of the President Chief Bonus Pool is allotted to presidents.
A portion of the Legend Chief Bonus Pool is distributed to legendary characters. One-time Rank Achievement Bonuses are given to Ultron associates who qualify as Crew Managers or above. Earn €500 EUR for qualifying as a crew supervisor, €1200 EUR for qualifying as a president supervisor, €2500 EUR for qualifying as a regional supervisor, and €6000 EUR for qualifying as a diamond director, €15,000 EUR for qualifying as a double diamond director, €30,000 EUR for qualifying as a vp, and €200,000 EUR for qualifying as a star P. The acquisition of a €500, €1500, or €5000 EUR ultron token package deal is required to hitch the Ultron Ultron associates program.
Associates can earn extra money in the event that they spend extra on their bundle. Ultron’s Final Stand There’s proof of a bitcoin element in a Givvo advertising video from final October: With the assistance of Ultron, Givvo goes full crypto bro with pyramid recruitment and inventory fraud.
Nevertheless, Ultron’s need to be a crypto-bro is not but realized. Funding fraud is primed and able to begin. Investing in Ultron tokens and holding them with the corporate (staking) is how Ultron associates earn a passive earnings. This can be a public providing of securities, so it have to be registered with the suitable authorities. Ultron’s e-commerce platform was a failure, therefore the corporate’s returns on invested Ultron are paid with cash that has since been invested.
The pseudo-compliance Ultron will provide you with to elucidate this away is a forgone conclusion. That is nugatory, nevertheless, till regulators get audited monetary reviews. Ultron’s MLM division compensates for the recruitment of associates who make monetary investments of their very own. Ultron’s MLM alternative has no retail element, therefore recruiting is finished via a pyramid scheme.
It is a two-tiered rip-off involving a UK shell agency for banking and Givvo, which is managed by fraudsters in Dubai. Good luck getting your a reimbursement from them when Ultron breaks down. Ultron’s advertising literature claims that it is an “ethereum digital machine compliant protocol,” hinting on the inevitable exit rip-off. In my view, that ‘s only a manner of claiming that Ultron is an ERC20 rubbish coin.
These will be put up in 5 minutes and value nothing or little or no. As a degree of comparability, on February ninth, the privately registered area title “ultron.basis” was registered. Givvo’s Ultron reboot seems to have begun at this level. On the time of this writing, Ultron seems to be unavailable for public buy.
If that is the case, Tobias Sukenik and Michal Prazenica will exit stage left throughout Ultron’s exit fraud. Because of this Ultron associates shall be left with tokens that they cannot use. Admins will run off with invested cash, leaving associates in a sell-off race to the underside if Ultron is ultimately dumped on shady exchanges.
Math assures us that Ultron’s directors will lose cash in Ponzi schemes irrespective of which path they take.
