Exove Investment Review: 2.5% a day bitcoin Ponzi scheme
Exove Investment provides no information on its website about who owns or runs the company.
Exove Investment’s website domain (“exoveinvestment.com”) was privately registered on November 6th, 2020.
In an attempt to appear legitimate, Exove Investment provides a UK incorporation link for Exove Limited.
Exove Limited was incorporated on June 2012. It is unlikely to have anything to do with Exove Investment.
In any event UK incorporation is dirt cheap and effectively unregulated. It is a favored jurisdiction for scammers looking to incorporate dodgy companies.
For the purpose of performing MLM due-diligence, UK incorporation 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.
Exove Investment’s Products
Exove Investment has no retailable products or services, with affiliates only able to market Exove Investment affiliate membership itself.
Exove Investment’s Compensation Plan
Exove Investment affiliates invest bitcoin on the promise of an advertised return.
- invest $100 to $19,999 and receive 2% a day for 6 days (112%)
- invest $20,000 to $49,999 and receive 2.5% a day for 6 days (115%)
- invest $50,000 or more and receive 3% after 6 days (103%)
Exove Investment pays referral commissions on invested funds down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 10%
- level 2 – 2%
- level 3 – 1%
Joining Exove Investment
Exove Investment affiliate membership is free.
Full participation in the attached income opportunity however requires a minimum $100 investment in bitcoin.
Exove Investment claims it
earns its profit by crypto-currency mining, smart contracts and speculation in crypto-currency exchange rates.
No evidence of any of these activities is provided. Nor is there any evidence of external revenue being used to pay returns.
Furthermore Exove Investment’s business model fails the Ponzi logic test.
If the anonymous admin(s) behind Exove Investment were able to consistently generate a legitimate 2.5% a day, why share that with randoms over the internet?
The only verifiable source of revenue entering Exove Investment is new investment.
Using new investment to pay affiliates a daily return makes Exove Investment a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve Exove Investment of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
Leave a Reply...