UltraXProject Review: 6 matrices and investment
Due to the overwhelming amount of recruitment driven scams out there using a matrix structure compensation plan, I’m usually pretty cautious whenever I sit down to review one.
Throw in an investment opportunity that pays out 100% returns using the money members have themselves injected into the company… and you’ve pretty much got the gist of what UltraXProject is about.
Read on for a full review.
The UltraXProject website won’t let you do anything without punching in a referer ID, so unless you go to Google and get around this, the website is pretty much worthless for information on the company (and indicative of the reliance of new
investors members to keep the system afloat).
A bit more research indicates that the owner of UltraXProject is some guy called Sean Kelly. Kelly appears to have launched a few short-lived programs in the past (Pure2x2 and Vertux) that are recruitment and matrix based opportunities.
Both these opportunities currently appear to have fizzled out (recruitment died) and this is presumably why Kelly has re-launched what is essentially the same idea (6 matrices) with UltraXProject, but this time with an added investment opportunity.
The UltraxProject Compensation Plan
The UltraXProject compensation plan revolves around an initial investment of money by an UltraXProject member, which is then converted into ‘Commissionable Value’ (CV) points.
UltraXProject “sell” products to members in exchange for real money, which is then in turn converted into the company’s virutal CV point currency.
These CV points can then either be invested into the UltraXProject or used to “buy” a position into one of the company’s six 2×3 matrices.
Commissions are paid out via a daily 2% ROI if CV points are invested or a lump sum payment upon filling a matrix if the CV points are used to buy entry into a matrix.
CV Investment Returns
After purchasing anything from inside UltraXProject’s internal storefront, members are in return given a certain amount of CV points that are usually equal to slightly less than the dollar amount invested.
For example, if you purchase a ball of string (not an actual product) from UltraXProject that they set the price at $10 for, CV points will typically be 950 or less for this item.
Once a member has CV points they can then choose to invest them into the company, wherein UltraXProject guarantee a daily 2% ROI until 200% of the initial CV investment amount is accrued.
UltraXProject do this by breaking down CV points a member wishes to invest into 500 point allocations and calling these Daily Dividend Shares.
Using the ball of string example above, let’s say the allocated CV value was 900. This would result in 1 500 Daily Dividend Share with 400 points left over.
The Daily Dividend Share the member qualifies for would then return a daily 2% return on the 500 points invested (10) until your total balance of invested points reaches 1000 points (500 points doubled, equivalent to $10).
At this point UltraXProject return your investment back to you (in money, not CV points) and you can either cash out or re-invest it by converting it into CV points again by purchasing something.
For every 2 succesful investment returns a member receives, they are also automatically given a 2×3 matrix entry position (worth 500 CV).
In addition to the investment scheme, UltraXProject members can also use their CV points to buy entry into one of six matrices the company offers.
These matrices all follow a 2×3 structure which means that with you at the top, each matrix has fourteen member positions under you to fill before you earn a commission.
Due to the fact that entry positions aren’t automatically tied into membership of UltraXProject, the entry rules for the company’s matrices are a little different to your standard matrix. Note that the following rules apply to all matrix entry positions, whether directly paid for or earned via the investment of CV points.
- Your first and every 3rd matrix entry thereafter (entry 1, 4, 7 etc.) will place you inside your sponsors matrix
- Your second and every 3rd matrix entry thereafter (entries 2, 5, 8 etc.) will place you inside an open active matrix you are already in (if there are none you will be placed into one of your sponsor’s matrices)
- Your third and every 3rd matrix entry thereafter (entries 3, 6, 9 etc.) will place you into a queue which then feeds members one by one into the oldest active matrices to get them cycled
- Commissions paid out also depend on whether the matrix entry you used to buy into the matrix was numbered odd or even.
Odd numbered matrix entries (1, 3, 5 etc.) pay out five times the CV point amount it cost to buy into the matrix. For example, if matrix entry cost 100 CV points to join a matrix, upon cycling you would earn 500 CV points (paid out as $500 cash).
Odd numbered matrix entry cycles also provide members with an additional two entry positions into matrices at the same level (subject to the entry structure above).
Even numbered matrix entries (2, 4, 6 etc.) pay out double the CV point amount it cost to buy into the matrix. For example, if matrix entry cost 100 CV points, upon cycling you would earn 200 CV points.
Even numbered matrices also provide members with an additional entry into a matrix on the same level, as well as an entry into a matrix the next level up.
As mentioned before, there are six matrices in total within the UltraXProject compensation plan, each with different entry costs and payouts – they are as follows:
- Stage 1 – 500 CV points entry cost, odd entry commission is $25 and even entry commission is $10
- Stage 2 – 2,000 CV points entry cost, odd entry commission is $100 and even entry commission is $40
- Stage 3 – 8,000 CV points entry cost, odd entry commission is $400 and even entry commission is $160
- Stage 4 – 32,000 CV points entry cost, odd entry commission is $1,600 and even entry commission is $640
- Stage 5 – 128,000 CV points entry cost, odd entry commission is $6,400 and even entry commission is $2,560
- Stage 6 – 512,000 CV points entry cost, odd entry commission is $25,600 and even entry commission is $30,715
UltraXProject offer members residual commissions on all matrix payouts, succesful Daily Dividend Share investments and membership fees.
The main method UltraXProject uses to pay out these residual commissions is a via a company wide 5×8 forced matrix.
When members join UltraXProject, they are automatically assigned a place in the existing company matrix and residual commissions via their interaction with the company rolls upwards.
Likewise when members join the company after them, eventually there will be enough levels of new members underneath them in a 5×8 structure so that residual commissions roll up.
- Level 1 (members directly above you) earn 20%
- Level 2 earn 20%
- Levels 3 to 8 earn 10%
Note that these percentages are not per member, they are per matrix level. This means that the percentage is split evenly between each and every members on the applicable level of the matrix.
How many levels of the matrix members are paid out a residual commission on also depends on their own UltraXProject membership level:
- Active – 3 levels
- Plus – 4 levels
- Power Pro – 5 levels
- Professional – 6 levels
- Elite – 7 levels
- Ultra – 8 levels
Within this 5×8 matrix, residual commissions are paid out as follows:
- all UltraXProject membership fees earn a residual CV commission
- each completed Daily Dividend Share investment earns a $1 residual commission
- Matrix 1 – $5
- Matrix 2 – $20
- Matrix 3 – $80
- Matrix 4 – $320
- Matrix 5 – $1280
- Matrix 6 – $5120
To explain how this works, if we take the $1 Daily Dividend Share residual commission offered, this would be split 20 cents on level 1 members (20% of $1), 20 cents on level 2 members (20% of $1) and 10 cents each level on members filling levels 3 to 8 of the matrix (60% of $1 split over 6 levels).
Fast Start Bonus
UltraXProject pay a fast start bonus on any new members you bring into the company.
If said new member purchases a membership option equal to or higher than your own membership level, as the recruiting member you earn a 33% Fast Start Bonus.
For members upgrading their membership to a membership level either equal to or higher than the recruiting member’s level, UltraXProject will also pay a portion (undisclosed by the company) of the upgrade fee as a bonus too.
UltraXProject has six different levels of membership –
- Active – $14.95 cost and pays out residual commissions on levels 1-3
- Plus – $29.95 cost and pays out residual commissions on levels 1-4
- Power Pro – $74.95 cost and pays out residual commissions on levels 1-5
- Professional – $149.95 cost and pays out residual commissions on levels 1-6
- Elite – $374.95 cost and pays out residual commissions on levels 1-7
- Ultra – $749.95 cost and pays out residual commissions on levels 1-8
I believe these are monthly membership fees and not once off payments.
In the sense that a MLM opportunity that pays out 100% of commissions on recruitment but offers a product with member purchase is still a scam, so to do UltraXProject’s compensation plan mechanics make it an investment scheme.
Upon joining the company and paying a membership fee and with nothing more than how much of a residual income you earn being affected by which membership level you choose to purchase, effectively is your first investment into the system.
Then you need to convert your real money into CV points and UltraXProject cover this by giving you a product when you do so. This product can be anything, it really doesn’t matter as its token purpose is to attempt to hide the fact that what is really being bought are CV points to be invested.
Once a member has purchased at least 500 CV points, they can then invest this sum into UltraXProject’s investment program and earn a 200% return over 50 days.
Quite obviously, the Daily Dividend Share component of UltraXProject is an investment scheme and with no external revenue generation, 100% of the returns must then come from money new members are investing into the system (via the “purchase” of CV points).
On the MLM side of things, there are no retail products available and whilst matrix commissions are paid out technically via sales, these sales are come from members within the company.
Effectively this means that 100% of the commission revenue is generated by money investors pump into the scheme itself, which is a huge red flag.
As an investment scheme or MLM company UltraXProject has some serious problems as neither model is what I would call sustainable in the longterm.
With commissions being generated entirely out of money members are pumping into the system, mathematically UltraXProject will fall apart when the CV points being generated exceeds the amount of real money owed in investment returns and matrix cycle commissions.
Realistically, with UltraXProject having launched just a few days ago this is probably going to happen within a few 50 day investment return cycles.
As it stands now, you can join UltraProjectX for $14.95, invest large amounts of money into their investment program via the purchase of CV points and expect a 200% return in 50 days.
With no cap on the money able to be invested, for how long can UltraXProject guarantee that the money being invested and spent on membership fees will cover the payouts?
Answer: They can’t.
And that my friends is when this whole UltraXProject opportunity is going to collapse.