Exp Asset Review: $100 minimum investment bitcoin Ponzi scheme
Exp Asset provides no information on their website about who owns or runs the company.
The Exp Asset website domain (“expasset.com”) was privately registered on March 10th, 2018.
On its website, Exp Asset claims to be incorporated in Nevis as Silesia Capital Management.
There is no legitimate reason for an MLM company to be incorporated in Nevis.
Common reasons jurisdictions like Nevis are chosen by MLM company owners include tax evasion, money laundering and corporate secrecy.
At the time of publication Alexa cites China as the largest source of traffic to the Exp Asset website (31%). The US (18%) and Korea (10%) follow closely behind.
It is highly likely that whoever is running Exp Asset is based out of one of these three countries.
Update 9th December 2018 – Turns out Exp Asset is a European company. Exp Asset marketing material credits Patryk Krupinski as CEO of the company:
According to his LinkedIn Profile, Krupinski is based out of Luxembourg. Originally however he appears to be from Poland.
Note that although Krupinski lists his CEO position as terminating in August 2018 on LinkedIn, he is still actively promoting Exp Asset on his Facebook profile.
As far as I can tell, Krupinski doesn’t appear to have an MLM history. /end update
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.
Exp Asset Products
Exp Asset has no retailable products or services, with affiliates only able to market Exp Asset affiliate membership itself.
The Exp Asset Compensation Plan
Exp Asset affiliates invest on the promise of a 1% ROI paid daily for 120 days (120% total ROI).
The minimum amount Exp Asset affiliates can invest at a time is $100, deposited in bitcoin.
Exp Asset affiliates who invest $1000 or more qualify for an 8% referral commission on funds invested by personally recruited affiliates.
Exp Asset 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.
At the end of each day Exp Asset tallies up new investment volume on both sides of the binary team.
Affiliates are paid 10% of generated volume on their weaker binary team side.
Note that in order to qualify for residual commissions, an Exp Asset affiliate must recruit and maintain two active affiliate investors (one on each side of the binary team).
Exp Asset rewards affiliates with “prizes” upon meeting the following qualification criteria:
- Sixth Prize (invest at least $500, generate at least $20,000 in investment volume on your weaker binary team side, recruit at least three affiliates and have a downline of at least 200 affiliates) = “smartwatch”
- Fifth Prize (invest at least $1000, generate at least $60,000 in investment volume on your weaker binary team side, recruit at least six affiliates and have a total downline of at least 500 affiliates (max 200 from any one recruitment leg)) = iPhoneX
- Fourth Prize (invest at least $2000, generate at least $120,000 in investment volume on your weaker binary team side, recruit at least twelve affiliates and have a total downline of at least 1000 affiliates (max 400 from any one recruitment leg)) = MacBook
- Third Prize (invest at least $5000, generate at least $500,000 in investment volume on your weaker binary team side, recruit at least 15 affiliates (two of which have qualified for the Fourth Prize) and have a total downline of at least 2500 affiliates (max 1000 from any one recruitment leg)) = Rolex or Breitling watch
- Second Prize (invest at least $15,000, generate at least $950,000 in investment volume on your weaker binary team side, recruit at least 20 affiliates (two of which have qualified for the Third Prize) and have a total downline of at least 15,000 affiliates (max 6000 from any one recruitment leg) = Porsche 718
- First Prize (invest at least $25,000, generate at least $1,650,000 in investment volume on your weaker binary team side, recruit at least 25 affiliates (two of which have qualified for the Third Prize and one for the Second Prize) and have a total downline of at least 25,000 affiliates (max 10,000 from any one recruitment leg) = Porsche 911
Note that the First Prize can only be obtained if an affiliate forfeits the Second Prize when they qualify for it.
Joining Exp Asset
Exp Asset affiliate membership is free, however affiliates need to invest at least $100 to participate in the attached MLM opportunity.
Exp Asset investments expire every 120 days, after which an affiliate needs to reinvest in order to continue earning.
Note that all payments in and out of Exp Asset are made in bitcoin.
Exp Asset claims to generate external ROI revenue through
trading on financial markets, mining cryptocurrencies, trading on cryptocurrencies and making arbitrage.
In addition Exp Asset invests in start-up projects.
Naturally no evidence of Exp Asset undertaking any of these activities is provided.
Nor, by their own admission, is Exp Asset registered to offer securities in any jurisdiction they operate in.
What you’re left with is a bog standard MLM cryptocurrency Ponzi scheme.
Exp Asset takes newly invested funds and uses them to pay existing affiliate investors a 120% ROI.
Referral and residual commissions add an additional pyramid layer to the scheme.
As with all MLM Ponzi schemes, a decline in affiliate recruitment will correspond with a decline in investment.
This will starve Exp Asset of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of investors lose money.