Asignat fails to provide verifiable ownership and executive information on its website.

While Asignat does provide a list of executives…

…none of them exist outside of Asignat’s own marketing.

Asignat’s website domain (“asignat.com”), was first registered in 2019. The private registration was last updated on January 31st, 2024.

Through the Wayback Machine we can see Asignat’s current website went live in or around October 2023. This syncs with the creation of Asignat CEO Ruben Hogarth’s FaceBook profile on or around October 6th, 2023.

Prior to the current website Asignat was some Russian website. We also find Russian in Asignat’s website source-code:

Whoever is running Asignat appears to have ties to Russia.

Further supporting this is the Central Bank of Russia issuing an Asignat pyramid fraud warning in October 2022.

It appears Assignat is a long-running scam that, after initially scamming Russians, is now targeting potential investors outside of Russia.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

Asignat’s Products

Asignat has no retailable products or services.

Affiliates are only able to market Asignat affiliate membership itself.

Asignat’s Compensation Plan

Asignat affiliates invest USD equivalents in cryptocurrency. This is done on the promise of passive returns:

  • Easy Start – invest $50 to $500 and receive 0.55% to 0.65% daily for 30 days
  • Profitable Asset – invest $500 to $5000 and receive 0.7% to 1.1% daily for 60 days
  • Maximum Profit – invest $5000 to $50,000 and receive 1.1% to 1.5% daily for 90 days

Note that Asignat charges a 40% fee on ROI payments.

The MLM side of Asignat pays on recruitment of affiliate investors.

Asignat Affiliate Ranks

There are ten affiliate ranks within Assignat’s compensation plan.

Along with their respective qualification criteria, they are as follows:

  1. Rank 1 – sign up as an Asignat affiliate
  2. Rank 2 – invest $50
  3. Rank 3 – invest $100 and generate $1000 in downline investment
  4. Rank 4 – invest $200 and generate $2500 in downline investment
  5. Rank 5 – invest $500 and generate $10,000 in downline investment
  6. Rank 6 – invest $1000 and generate $25,000 in downline investment
  7. Rank 7 – invest $2500 and generate $50,000 in downline investment
  8. Rank 8 – invest $5000 and generate $100,000 in downline investment
  9. Rank 9 – invest $10,000 and generate $500,000 in downline investment
  10. Rank 10 – invest $25,000 and generate $1,000,000 in downline investment

Residual Commissions

Asignat pays residual commissions down three levels of recruitment (unilevel):

  • Rank 1 affiliates earn 3% on level 1 (personally recruited affiliates)
  • Rank 2 affiliates earn 4% on level 1
  • Rank 3 affiliates earn 5% on level 1
  • Rank 4 affiliates earn 6% on level 1 and 0.5% on level 2
  • Rank 5 affiliates earn 7% on level 1, 1% on level 2 and 0.5% on level 3
  • Rank 6 affiliates earn 8% on level 1 and 1% on levels 2 and 3
  • Rank 7 affiliates earn 9% on level 1, 1.5% on level 2 and 1% on level 3
  • Rank 8 affiliates earn 10% on level 1, 2% on level 2 and 1% on level 3
  • Rank 9 affiliates earn 11% on level 1, 2.5% on level 2 and 1.5% on level 3
  • Rank 10 affiliates earn 12% on level 1, 3% on level 2 and 2% on level 3

Rank Achievement Bonus

Asignat rewards affiliates for qualifying at Rank 5 and higher with the following one-time Rank Achievement Bonuses:

  • qualify at Rank 5 and receive $150
  • qualify at Rank 6 and receive $500
  • qualify at Rank 7 and receive $1000
  • qualify at Rank 8 and receive $5000
  • qualify at Rank 9 and receive $15,000
  • qualify at Rank 10 and receive $25,000

Joining Asignat

Asignat affiliate membership is free.

Full participation in the attached income opportunity requires a minimum $50 investment.

Asignat solicits investment in various cryptocurrencies.

Asignat Conclusion

Asignat represents it generates external revenue via trading.

Our fund has been successfully conducting active trading and investment activities since 2019.

Asignat fails to provide verifiable evidence it generates external revenue of any kind.

Furthermore, Asignat’s business model fails the Ponzi logic test.

If Asignat has been generating up to 1.5% a day since 2019, even a modest investment will have by now turned into a small fortune. Why does Asignat need your money?

When you combine this with Asignat’s origins, fictional executives and existing regulatory fraud warning, the answer is obvious.

As it stands, the only verifiable source of revenue entering Asignat is new investment.

Using new investment to pay ROI withdrawals would make Asignat a Ponzi scheme. Additionally with nothing marketed or sold to retail customers, the MLM side of Asignat is a pyramid scheme.

As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.

This will starve Asignat of ROI revenue, eventually prompting a collapse.

The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.

 

Update 11th August 2024 – Asignat has collapsed. While Assignat’s website is still up, withdrawals were disabled approximately three weeks ago.