Doxy provides no credible information about who owns or runs the company on its website.

The “team” section of Doxy’s website is populated by fictional names represented by stock photos:

None of these people actually exist.

Doxy’s primary website domain (“doxy.ai”), was privately registered on December 2nd, 2021.

Perusal of Doxy’s website source-code reveals references to two additional Doxy related domains:

Doxy Finance focuses more on Doxy’s DOXY token:

Doxy Exch (Exchange?) is an attempt to associate Doxy with sports betting:

I’ve circled the “website access” link above, as it points to a non-existent app download:

The broken link isn’t of interest but it’s worth noting it is/was hosted on a .IN domain.

This suggests that whoever is actually running Doxy is doing so out of India. Or at the very least Doxy has ties to India.

The Doxy Finance and Doxy Exch domains were both privately registered around the time Doxy AI’s primary domain was registered.

In an attempt to appear legitimate, Doxy provides shell company incorporation certificates for Nigeria, the UK and the US.

There is no verification process attached to basic incorporation. Because of this, scammers routinely incorporate shell companies with bogus information.

For the purpose of MLM due-diligence, basic incorporation in any jurisdiction is meaningless.

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.

Doxy’s Products

Doxy has no retailable products or services.

Affiliates are only able to market Doxy affiliate membership itself.

Doxy’s Compensation Plan

Doxy affiliates invest in DOXY tokens. DOXY tokens can either be purchased from Doxy or from an existing investor.

Doxy don’t disclose how much they sell generated DOXY tokens to affiliates for.

Once purchased, DOXY tokens are invested with Doxy on the promise of an advertised return:

  • invest $10 to $100 of DOXY tokens and receive 12% a month for 750 days
  • invest $110 to $500 of DOXY tokens and receive 18% a month for 500 days
  • invest $510 to $1000 of DOXY tokens and receive 24% a month for 375 days
  • invest $1010 to $5000 of DOXY tokens and receive 35% a month for 300 days
  • invest $5010 to $7500 of DOXY tokens and receive 37.5% a month for 240 days

Returns are paid until 500% of the invested amount is reached. Note that MLM commissions (excluding residual commissions) count towards the 500% ROI cap.

After 500% is reached reinvestment is required to continue earning.

Note that Doxy withholds 10% of earned commissions and places it into a “gaming wallet”.

This appears to be an attempt to get affiliates to spend money on Doxy’s internal apps.

Doxy charges an additional 10% fee to fund the Dividend Bonus (see below).

The MLM side of DOXY pays commissions on DOXY token investment by recruited affiliates.

Referral Commissions

Doxy affiliates earn a 5% commission on investments by personally recruited affiliates.

It’s not clear whether this is paid on DOXY token purchases or DOXY tokens invested for a monthly return.

ROI Matching Bonus

Doxy pays a Matching Bonus on DOXY token returns earned by downline affiliates.

The first daily Matching Bonus is 200%. After this it’s a 100% daily match “till unlimited depth”, capped at twice the DOXY token amount an affiliate themselves has invested.

Note the Matching Bonus is paid out 1% a day from the day it is earned (i.e. each daily earned Matching Bonus is paid out over 100 days).

Residual Commissions

Doxy pays residual commissions via a binary compensation structure.

A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):

The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).

Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.

Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note there is no limit to how deep a binary team can grow.

Residual commissions appear to be calculated on accumulated investment volume on both sides of the binary team:

  • Bronze – generate $100 on both sides of your binary team and receive $10 a week for 52 weeks
  • Silver – generate $300 on both sides of your binary team and receive $30 a week for 52 weeks
  • Gold – generate $900 on both sides of your binary team and receive $90 a week for 52 weeks
  • Platinum – generate $2500 on both sides of your binary team and receive $250 a week for 52 weeks
  • Titanium – generate $7500 on both sides of your binary team and receive $750 a week for 52 weeks
  • Ruby – generate $21,000 on both sides of your binary team and receive $2500 a week for 52 weeks
  • Sapphire – generate $64,000 on both sides of your binary team and receive $7500 a week for 52 weeks
  • Diamond – generate $100,000 on both sides of your binary team and receive $15,000 a week for 52 weeks
  • Royal Diamond – generate $250,000 on both sides of your binary team and receive $30,000 a week for 52 weeks
  • Crown Diamond – generate $500,000 on both sides of your binary team and receive $75,000 a week for 52 weeks

I’m not 100% sure on whether these amounts need to be met once or maintained.

According to the matching points users get Weekly Performance Bonus starting from $10 to $75000.

The above, taken from Doxy’s compensation documentation, suggests residual commission qualification is calculated weekly.

This begs the question why the 52 week limit then? One possibility is residual commissions are only paid out for 52 weeks from the time of investment, irrespective of how long it takes to reach the global 500% ROI cap (reminder that the global ROI cap excludes residual commissions).

Dividend Bonus

Doxy charges affiliates a 10% fee on withdrawals.

The company claims these funds are “equally distributed among all the available balance holders”.

Presumably this means anyone with an active DOXY token investment.

Joining Doxy

Doxy affiliate membership appears to be free.

Full participation in the attached income opportunity requires a minimum $10 investment in DOXY tokens.

Doxy Conclusion

Doxy claims it’s a “Live & Fantasy Sports platform powered by the blockchain technology.”

This sees Doxy deploy your typical MLM crypto Ponzi trading bot ruse, only the company is trading… sports players?

Changes in Players Share prices provide a valuable opportunity to profit from trading either long or short term.

The concept is simple: buy low and sell high.

Riiiiiiiigh………..t.

Needless to say this isn’t a thing, at least as far as generated revenue goes. And even if it was, if this platform is already set up to profit, what does Doxy need your money for?

The answer is the whole sports trading side of Doxy is marketing bullshit. Doxy is a simple token Ponzi scheme.

DOXY is a BEP20 token.

BEP20 tokens take about 5 minutes to set up at little to no cost.

From there the only flow of money is into Doxy, by way of token sales.

That same money is used to pay withdrawals, with the rest of Doxy’s Ponzi scheme consisting of numbers (tokens) on a screen.

Being a token based scheme, DOXY has set itself up on a few decentralized exchanges. This is overall meaningless, as DOXY token collapses when Doxy does.

As with all MLM Ponzi schemes, when affiliate recruitment dries up so too will ROI revenue.

This will leave Doxy unable to pay withdrawal requests, inevitably prompting a collapse.

DOXY will then be revealed as worthless, leaving the majority of Doxy affiliates bagholding a token they can’t do anything with.

 

Update 4th September 2023 – Doxy has collapsed.

As at the time of this update, Doxy’s previously accessible website is offline.