edX AI fails to provide ownership or executive information on its website.

edX AI’s website domain (“edxai-usdt.com”), was privately registered on April 25th, 2024.

Of note is edX AI’s website domain being registered through the Chinese registrar Alibaba (Singapore).

In an attempt to appear legitimate, edX AI provides a FINCEN MSB registration certificate for EDX INC. EDX Inc. is represented to be a New York shell company.

The certificate is meaningless, primarily due to FINCEN not being a financial regulator.

Additionally due to the ease with which scammers are able to incorporate shell companies with bogus details, for the purpose of MLM due-diligence any related certificates are 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.

edX AI’s Products

edX AI has no retailable products or services.

Affiliates are only able to market edX AI affiliate membership itself.

edX AI’s Compensation Plan

edX AI affiliates invest tether (USDT). This is done on the promise of advertised returns:

  • VIP1 – invest 13 to 165 USDT and receive 8.6% a day
  • VIP2 – invest 166 to 665 USDT and receive 9.8% a day
  • VIP3 – invest 666 to 1665 USDT and receive 11.8% a day
  • VIP4 – invest 1666 to 3665 USDT and receive 15.2% a day
  • VIP5 – invest 3666 to 8665 USDT and receive 17.3% a day
  • VIP6 – invest 8666 to 26,665 USDT and receive 18.5% a day
  • VIP7 – invest 26,666 or more USDT and receive 20% a day

edX AI pays referral commissions on invested USDT down three levels of recruitment (unilevel):

Note however that specific referral commission rates on each level are not disclosed.

edX AI also pays a referral bonus is if the following downline investment targets are met:

  • 500 USDT in downline investment generated within 24 hours = 26 USDT bonus
  • 1500 USDT in downline investment generated within 24 hours = 66 USDT bonus
  • 5000 USDT in downline investment generated within 24 hours = 266 USDT bonus
  • 15,000 USDT in downline investment generated within 24 hours = 766 USDT bonus
  • 50,000 USDT in downline investment generated within 24 hours = 3666 USDT bonus
  • 10,000 USDT in downline investment generated within 24 hours = 8666 USDT bonus

Note that edX AI only counts downline investment across the first three levels of recruitment.

Joining edX AI

edX AI affiliate membership is free.

Full participation in the attached income opportunity requires a minimum 13 USDT investment.

edX AI Conclusion

edX AI misappropriates the name and branding of the online learning platform edX.

edX is a US for-profit online education platform owned by 2U since 2021. The platform’s main focus is to manage a variety of offerings, including elite brand bootcamps.

edX AI has nothing to do with edX the actual company.

edX AI is yet another “click a button” app Ponzi scheme. edX AI’s “click a button” Ponzi ruse is quantitative trading.

The presented ruse is edX AI affiliates log in and click a button (the more invested the more the button needs to be clicked). This initiates a scripted “quantification process”.

Initiating the “quantification process” purportedly generates revenue via quantitative trading, which for some reason edX AI shares a percentage of with affiliate investors.

If that makes no sense it’s because it doesn’t. Randoms clicking a button in an app doesn’t trigger quantitative trading.

In reality clicking a button inside edX AI does nothing. All edX AI does is recycle newly invested funds to pay earlier investors.

edX AI is part of a group of “click a button” app Ponzis that have emerged since late 2021.

Examples of already collapsed “click a button” app Ponzis using the same quantitative trading ruse include GICAI, FCBQE and DCPTG.

Including edX AI, BehindMLM has thus far documented over a hundred “click a button” app Ponzis. Most of them last a few weeks to a few months before collapsing.

“Click a button” app Ponzis disappear by disabling both their websites and app. This tends to happen without notice, leaving the majority of investors with a loss (inevitable Ponzi math).

The same group of Chinese scammers are believed to be behind the “click a button” app Ponzi plague.

 

Update 19th May 2024 – edX AI has collapsed.

The Central Bank of Russia issued an edX AI pyramid fraud warning on May 17th. Today edX AI’s website is no longer accessible.