iHub Global victims being funneled into TranzactCard
Following a series of launch disasters, iHub Global victims are now being funnelled into TranzactCard.
iHub Global surfaced in early 2021. The company sold “Coolspot” Helium Network (HNT) mining devices, which they pitched as “money machines”.
Cue the usual crypto hopium marketing…
…and here’s how HNT is actually going circa July 2023:
Helium Network was a grift that pitched a WIFI network designed for use with low-power “internet of things” devices.
Between June 2021 and August 2022 Helium Network raised $53.3 million from gullible investors selling mining machines. Just $92,000 was generated from wifi network fees.
Helium Network, and by proxy iHub Global, was nothing more than a crypto spin on selling miners shovels back in the gold rush era.
The only people who made money were Helium Network and iHub Global executives and top recruiters.
After Helium Network collapsed iHub Global, through “iHub Meta”, funneled affiliates into OpenView Network.
On its website Openview Network states it is
backed up by one of the largest reseller networks in the world, i-Hub Global, with over 1.4 million Affiliates worldwide.
Partnered with major third-party hardware suppliers and ad networks including Bing, Google, Loop, Propellor, and more.
Openview Network was supposed to launch an OVN cryptocurrency – but instead exit-scammed without delivering on its marketing promises.
This left iHub Global affiliates (once again) holding “worthless points”.
Other grifts iHub Global has pitched to affiliates include a discount travel portal, ERC tax credit scheme and LoopTV.
iHub Travel is a low-effort attempt to populate iHub Global’s backoffice with a product/service.
The ERC tax credit scheme is still around but LoopTV, something about selling digital signage to businesses, has also collapsed.
As disclosed on company webinars, iHub Global’s “strategic partnership” with TranzactCard “started a few months ago”.
Part of the agreement, which will see iHub Global executives financially compensated for funneling affiliates into TranzactCard, is converting OVN points into Z-Bucks.
As stated by TranzactCard founder Richard Smith on a recent iHub Global webinar;
You’re gonna be able to take the points that were gonna go away, that are useless, we’re gonna have a conversion table and you come over and build at TranzactCard. You’ll receive Z-Bucks for that.
Z-Bucks are rewards offered through use of TranzactCard’s VISA debit card. TranzactCard represents each Z-Buck holds a $1 value in its yet to launch ecommerce platform.
iHub Global CIO Eric Zhivalyuk claims iHub Global has sent out 200,000 emails promoting TranzactCard.
The majority of those email recipients are believed to have lost money across iHub Global’s various failed ventures.
A few weeks ago TranzactCard acknowledged its prelaunch has been “a mess”.
Thus far TranzactCard is shaping up to be a repeat of Smith’s previous failed MLM venture R Network; fees are collected on “coming soon” promises that never eventuate.
Smith has set a November 12th deadline for TranzactCard to launch as promised.
Who was the guy that randomly appeared drinking coffee on the couch in the background of the original unedited recorded webinar July 13th Vimeo video that was edited & replaced on the 15th. What else was edited out?
Jonathan McKillop, a TranzactCard executive.
Former WorldVentures exec. When that collapsed he went off and launched Travel The Club. That appears to have also collapsed if he’s turned up at TranzactCard.
Why would a legitimate company partner with a company that already has a poor business reputation which could even be criminal?
I am thinking twice now about Tranzactcard ability to be successfull.
I am a member and an affiliate with them. I have been offering the ERC program to Businesses.
Of all the programs that they have, I felt the ERC program was the most profitable. I know it has a short window but I was willing to concentrate on it full time.
Continuing adding of opportunities and strategic alliances, not to mention execs from one thing and another, sounds like they’re all on some sort of “hamster wheel”. đ
I got a Helium Miner through I hub Global for free. They used to give them away but started charging for them at some point.
HTN (Helium) did get up to over $40 at one time (for a very short period of time) Had I sold my mined HNT at that time, I’d have done pretty well.
Early adopters of the miners did well before the masses were involved as that brought too many miners online and decreased the production of each miner.
Mine is still plugging away but I haven’t checked its production in months. Thankfully this didn’t cost me anything and if I could ever figure out how to cash in my mining coins I’d make a little bit.
I didn’t get involved w/ the travel or the Loop TV/OVN offer.
I am involved with ERC after doing some due diligence on Bottom Line Concepts (processing company that Ihub uses.)
I have zero interest in recruiting others into it as it’s a stand alone oppty. It’s a real program the GOV offers w/ a clear cut deadline.
I don’t think Ihub or anyone else will ever offer a better, more legit oppty, and since it took a pandemic to be able to offer it, I don’t want it be offered again.
Many of us have helped small biz apply and millions of dollars have been refunded to them. My point is, with all due respect, that program is legit.
I am not paying attention to the new Tranzcard oppty. Based on what you are saying, it sounds sketchy with red flags everywhere.
I believe since IHUB is offering it, they believe it to be solid and safe but…. they have been wrong before on more than one occasion so while only time will tell, my money is on OZ on this one.
I give iHub Global a lot of credit for continuing to run an intact company while things mostly beyond their control constantly happening all around them.
Hopefully in the last two years, all of us have realized that earning a crypto coin token that can be emitted without end (unlimited inflation) is certainly a non ideal form of compensation.
Brian, thatâs silliness. That company has been a hoax right from the beginning. All they do is build their list and change the goal post constantly. They are an embarrassment.
What about all the employee credit program money that they promised everyone. Then they try to travel, and before that they tried mining, crypto.
Any leader in that should be ashamed. And as far as the TranzactCard that Lisa Torres took everyoneâs money with, that program is a bad Amway.
Tranzact Card seems to have taken a backseat with iHub Global.
Now they’re pushing Oaceus as iHub Vantage.
In a nutshell, get a company to sign up for workers comp and get paid $20 per month per participating employee.
Ihub seems to have gotten impatient with Tranzact’s issues and have not mentioned them in quite awhile nor did they invite them to speak at the recent event they held in Fla so yes, they have put it on the back burner indefinitely it appears.
They are aware ERC is a limited offer timewise, given the clear cut deadlines and they wanted to be able to offer their affiliates another opportunity so they have introduced Oaceus.
It’s a complicated program and imo most people will more than likely seek something simpler, but I do think that those who choose to learn it, get their insurance license which parts of the program require, and have the right contacts will do well with it.
Ihub along w/ Oaceus are doing their best to educate and stress the importance of compliance with the program.
I do believe their hearts are in the right place. Time will tell if this one is a keeper but it’s not for the masses imo.