IDAA Games Review: Alpha GamesCoin Ponzi scheme
IDAA stands for Independent Digital Assets Alliance.
Within the context of being an MLM company, IDAA is a sprawling mess:
What we’re going to focus on in this review is IDAA Games and GrowthPool.
IDAA Games is an MLM opportunity centered around Alpha GamesCoin token investment. GrowthPool is a separate MLM income opportunity marketed within IDAA.
IDAA Games fails to provide ownership or executive information on its website.
IDAA Games’ website domain (“idaa.games”), was registered on April 16th, 2020. The private registration was last updated on April 15th, 2023.
GrowthPool also fails to provide ownership or executive information on its website.
GrowthPool’s website domain (“growthpool.org”), was registered in December 2021. The private registration was last updated on November 9th, 2023.
One name we can attach to IDAA Games is Anton “Toni” Federspiel, who I believe is from Austria.
Federspiel is a top promoter of IDAA Games. He is also a top earner in the collapsed OneCoin Ponzi scheme.
In an October 2023 marketing presentation hosted by Federspiel, a marketing slide cites Alex Suarez as founder and President of GamesCoin Group.
IDAA Games seems to fall under GamesCoin Group, so presumably Suarez owns that too (this is left ambiguous).
Suarez doesn’t appear to have any verifiable MLM history.
On its website, IDAA Games represents ties to the UAE through Independent Digital Assets Alliance LLC.
Independent Digital Assets Alliance LLC is purportedly registered as a shell company in Sharjah. Sharjah is just up the road from Dubai, the notorious MLM crime capital of the world.
As a general precaution, any MLM company representing it is based out of or having ties to the UAE should be avoided.
As opposed to the UAE though, IDAA Games appears to actually be operated from Germany:
As per the IDAA Games invoice above, the company operates as Youre Family GmbH, a German registered company.
Presumably the unassuming name “Youre Family” is being used to fool banks and avoid detection by regulators.
Reflecting being primarily marketed in German, for November 2023 SimilarWeb tracked top sources of traffic to IDAA Games’ website as Austria (33%), Germany (26%), Italy (20%) and Switzerland (7%).
GrowthPool’s public facing homepage is nothing more than an affiliate sign in form. No information is provided.
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.
IDAA Games’ Products
IDAA Games has no retailable products or services.
Affiliates are only able to market IDAA Games affiliate membership itself.
IDAA Games’ Compensation Plan
IDAA Games’ compensation plan can be split up into IDAA Games itself and GrowthPool.
IDAA Games
IDAA Games affiliates sign up and invest in Alpha GamesCoin (AGC).
- Start – invest €199 EUR and receive 8 AGC
- Basic – invest €499 EUR and receive 22 AGC
- Bronze – invest €999 EUR and receive 46 AGC and an NFT
- Silver – invest €1990 EUR and receive 99 AGC and an NFT
- Gold – invest €2990 EUR and receive 159 AGC and an NFT
- Platinum – invest €4990 and receive 275 AGC and an NFT
- Diamond – invest €9990 and receive 565 AGC and an NFT
- Professional – invest €19,990 and receive 1155 AGC and an NFT
- Senator – invest €50,000 and receive 2950 AGC and an NFT
- Founder – invest €100,000 and receive 6100 AGC and an NFT
AGC investment is made on the representation AGC’s value will go up. This is purportedly tied to development of blockchain games that don’t exist yet.
IDAA Games pays commissions on AGC investment via a binary compensation structure. No specific information is provided.
GrowthPool
GrowthPool solicits investment in tether (USDT).
GrowthPool affiliates invest tether into “lots”, which pitch various returns over time:
GrowthPool pays referral commissions via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
GrowthPool caps payable unilevel team levels at five.
Referral commissions are paid as a percentage of USDT invested across these five levels as follows:
- level 1 (personally recruited affiliates) – 10%
- level 2 – 4%
- level 3 – 3%
- level 4 – 2%
- level 5 – 1%
Joining IDAA Games
IDAA Games affiliate membership is free. Full participation in the attached income opportunity requires:
- a minimum €199 EUR investment into IDAA Games and/or
- an undisclosed investment of tether (USDT) into GrowthPool
IDAA Games Conclusion
IDAA Games is a murky MLM crypto investment opportunity tied to blockchain gaming.
Developed for the global games market, GamesCoin is the in-game currency with future potential.
Having never really taken off outside of slave labor scamming (Axie Infinity etc.), blockchain gaming is pretty much dead.
Outside of crypto bros hoping to scam gamers with various schemes, nobody actually playing games wants anything to do with it.
It is this ruse that IDAA Games has launched its Alpha GamesCoin token into. It’s your typical pump and dump scheme.
Alex Suarez and early investors like Toni Federspiel have a ton of AGC they want to cash out, but in order to do that they need to onboard new suckers to steal from.
That’s essentially the entire premise of IDAA Games.
The whole “gaming” side of the scheme isn’t relevant, owing to none of it actually existing.
Bear in mind IDAA has been trying to get this scheme off the ground for two years…
GrowthPool meanwhile is just a straight up Ponzi scheme. You invest tether, your investment is stolen by earlier investors, and you in turn hope to steal from those who invest after you.
Attached to this is a pyramid scheme, making up the MLM component of GrowthPool.
Be it IDAA Games or GrowthPool, both are Ponzi schemes in which the majority of investors will inevitably lose money.
A small addition. OneCoin scammer Pascal-Rene Andre from Austria uploaded the above-mentioned video with Anton “Toni” Federspiel to his YouTube channel on October 2, 2023:
share-your-photo.com/6df9e4d0b3
youtube.com/watch?v=CRQV1fSYlIc
I have already commented on this topic in detail in two commentaries dated August 23, 2022:
https://behindmlm.com/companies/onecoin/three-onecoin-money-launderers-indicted-in-germany/#comment-456957
Unfortunately, I can no longer access the link to the German BaFin from July 1, 2022, because BaFin has redesigned its website.
https://behindmlm.com/companies/onecoin/three-onecoin-money-launderers-indicted-in-germany/#comment-456960
The German BaFin’s warning against idaa.games dated July 1, 2022 has been quoted on numerous websites. Here is an original copy of the warning:
share-your-photo.com/80d8fe113f
krypto-x.biz/2022/07/04/gamescoin-bafin-ermittelt-gegen-die-idaa/
I did see that warning quoted but didn’t mention it because I couldn’t find it on BaFin’s website.
I find this article confused, baseless and distracting. I quote what you wrote about the invoice… Youre family company duly registered and incorporated in Germany and then the name is used to deceive the banks.
So make up your mind is it a registered company or a fictitious name for the banks?
Sounds like a lot of nonsense to me without thorough research.
Here the correct information: YOURE Family GmbH
Registered at the Charlottenburg Local Court under HRB 242851
Managing Director: Alex Suárez VAT: DE314999182
Another inaccuracy: as of the date of this article, the AGCs have all already been sold (the launch took place on 16 November); and the games are already visible on the platform!
(update your info, a good journalist should stay in the news also applies to Bafin’s outdated comments)
Growthpool is not just a login form for affiliates but the place, as you mentioned later, to buy the lots (of pools) that receive the profits from ROI Marketing. Every transaction is tracked via hashes.
Also the thought about UAE seems absolutist and again lacking in information related to the crypto/blockchain world. I would recommend (Ozedit: spam removed)
The subject of remuneration I do not discuss because I am not personally interested in it (I do not network), it seems strange to me however that you mention it already that all MLM companies, as far as I know, have a remuneration plan and therefore I do not understand what you find so peculiar.
Anyway, I am just an investor who has been receiving regular profits from lots for two years without ever having enrolled anyone in the structure (which I wonder why you call a pyramid scheme.
The person you mention (Anton) I don’t know, my tax accountant told me about this investment opportunities, but it seems nonsensical to me to link a seller to a scam, it would be like saying that the person who sold you the car is responsible for the car’s factory defects and linking him to the defects of all the other car companies.
If that were really the case, he would have been condemned, as was the case with Iganotova’s brother and the executives.
I very much hope that the company itself and the people mentioned will respond to you directly so that you can correct your report of cheap and defamatory journalism.
Attention Chris
It’s a shell company that uses an inconspicuous name to deceive financial service providers.
Yet IDAA Games as an MLM company exists and is still selling AGC to consumers.
What is the point of lying about this when anyone can visit Growth Pool’s website and verify.
The only information that’s relevant is MLM crypto + UAE = scam. No exceptions.
IDAA Games’ website domain was only registered last year. Stop lying.
If your tax accountant is promoting MLM crypto Ponzis to clients, get a new accountant.
The only thing nonsensical is pretending promoters of Ponzi schemes don’t have any accountability.
Anton Federspiel will forever be condemned as a OneCoin Ponzi scammer. That’s his MLM legacy.
A shell company with a paid-up capital of 12m! Make a Chamber of Commerce inspection
But who told you?! I repeat your information is more than a month old.
All AGC holders already have links to their wallets verifiable with Etherscan.
I repeat is the login.
Since you have visited it, you will have seen the lots with the date of acquisition, the pool and vertical number and the % of performance. Or not?
Domain Registration 2020-04 Where you do your research? or who lies.
New to MLM crypto Ponzis? They create shell companies full of bullshit information. Happens all the time.
You can verify yourself that IDAA Games is not registered with BaFin. That’s securities fraud, end of story.
IDAA Games’ website and compensation plan.
“Become an IDAA Affiliate Partner! Just join in and duplicate with ease.”
Visitors to “growthpool.io” are presented with a log in form. That’s it.
Sorry I was skimming the review and went with the updated date.
Anyway “getting paid” in a Ponzi shitcoin = sorry for your loss. AGC is dead outside of IDAA Games, which is dead the moment they stop soliciting investment.
Can you read? becoming a patner does not mean still selling AGC
I did it and the licence at BaFin is from Tangany.
The BaFin as you well know is the supervisor for banks and financial services providers not for MLM agency!
it was better to acknowledge the mistake and apologise for saying that they are lies. The site has existed for four years and I have been investing for two without ever having lost money.
Try to do more accurate research and sign your writings, anonymous people have little credibility.
1. There is nothing to IDAA games’ MLM opportunity except sellling AGC and stealing money.
2. IDAA Games’ passive returns investment opportunity constitutes a securities offering. BaFin regulates securities in Germany.
IDAA Games is not registered with BaFin (because Ponzi). The company commits securities fraud and operates illegaly.
3. I can’t pre-emptively acknowledge my mistakes before I’ve made them.
4. IDAA Games is a Ponzi scheme. Getting in early and stealing money doesn’t change that.
If you don’t have anything to contribute other than “I gOt PaId!” and the usual crypto bro Ponzi arguments, I’m going to start hitting spam.
Oz wrote:
Alex Suárez confirms this on LinkedIn.
share-your-photo.com/d3f5640694
His photo enlarged:
share-your-photo.com/8593325390
linkedin.com/in/supergames/
Alex Suárez mentions the following professional experience:
Valchain AG, based in Zug (Switzerland), was founded on January 17, 2020. Alex Suárez is lying when he claims that he is the CEO of this company.
– Director of Valchain AG is Herbert Sterchi from Switzerland.
– Alex Suárez (correct and full name: Alejandro Manuel Suárez Cronauer) is a member of the Board of Directors.
share-your-photo.com/a6bffefa8c
moneyhouse.ch/de/company/valchain-ag-4901246281/messages
Note. Herbert Sterchi is and was involved in many companies (more than 40) in Switzerland. This also included a company in connection with GSPartners (Swiss Valorem Bank) of Josip Heit.
Herbert Sterchi in a video from June 25, 2019.
share-your-photo.com/b2c1a4f26b
youtube.com/watch?v=lqUfiUHqBSc
On LinkedIn, Herbert Sterchi only names 11 companies that he has worked for or been involved in:
share-your-photo.com/f5efd2a031
linkedin.com/in/herbert92/
I already discussed the topic of IDAA and GamesCoin in a commentary on August 23, 2022:
https://behindmlm.com/companies/onecoin/three-onecoin-money-launderers-indicted-in-germany/#comment-456957
At that time I only mentioned the following websites:
Based on this old comment, some things need to be added or corrected, which I will do in the coming days.
The YOURE Family account on LinkedIn still exists. Berlin is mentioned as the location.
share-your-photo.com/0f065c48b6
linkedin.com/company/youre-net/
Link to youre.net on LinkedIn with this imprint, last updated on August 14, 2023:
share-your-photo.com/0dd002164f
The name Alex Suárez in this legal notice is incorrect. Since December 5, 2022, Alejandro Cronauer has been named as the managing director in the German commercial register, but he usually calls himself Alex Suárez, as he does here.
So this fraudster continuously works with two different identities, which is actually easy given his long name Alejandro Manuel Suárez Cronauer:
share-your-photo.com/0e2f8b03bf
northdata.de/YOURE+Family+GmbH,+Berlin/Amtsgericht+Charlottenburg+%28Berlin%29+HRB+242851+B
The domain youre.net was registered on May 18, 2018 and updated on May 10, 2023:
share-your-photo.com/f39dbcd666
Alejandro Manuel Suárez Cronauer or “Alex Suárez” will not earn much money with this website. 45 visitors a day is not a model for success. The visitors came from the following countries:
share-your-photo.com/21755f169b
As the German BaFin has redesigned its website, the warning from July 1, 2022 is now only visible in the web archive:
share-your-photo.com/7dae35e5ac
web.archive.org/web/20220703021449/bafin.de/SharedDocs/Veroeffentlichungen/DE/Verbrauchermitteilung/unerlaubte/2022/meldung_2022_07_01_Plattform_idaa.html
Addition to comment #11.
The domain gamescoin.io was registered on April 14, 2020 and updated on November 13, 2023:
share-your-photo.com/cc33bf547e
The number of visitors to this website rose steadily from 10K in October 2023 to 47.8K in December 2023 and all of them came from European countries:
share-your-photo.com/c5e988d0a2
Anyone who wants to know who is part of the GamesCoin team will be disappointed. Alex Suárez (or Alejandro Manuel Suárez Cronauer) does not mention any names, only this:
gamescoin.io/en/visions-are-our-daily-business/#the-gamescoin-team
What has the powerful team achieved so far? I see nothing and would never visit this website again.
Anyone who wants to know what products are on offer will also be disappointed. Apart from an announcement about what will be on offer in the future, the visitor learns nothing.
gamescoin.io/de/products/
Christian Schön, who is to be responsible for Marketing & Corporate Communications, is also mentioned in the footer.
share-your-photo.com/a3471a5203
Christian Schön from Frankfurt am Main on LinkedIn:
share-your-photo.com/215656204a
linkedin.com/in/christian-sch%C3%B6n-%E7%AC%91%E5%A4%A9-8505095a/?originalSubdomain=de
The first managing director of GamesCoin IO GmbH in Berlin-Falkensee was Marian Härtel, as this screenshot from December 2021 shows. In addition, no VAT identification number was given in the gamescoin.io legal notice:
share-your-photo.com/ea82230b59
web.archive.org/web/20220519050859/https://gamescoin.io/de/impressum/
The second managing director of GamesCoin IO GmbH in Berlin was Markus Kaiser, as this screenshot from January 2023 shows. Alex Suárez (full name Alejandro Manuel Suárez Cronauer) was named in this legal notice as the person responsible for the content of the website:
share-your-photo.com/9e2291bbdc
web.archive.org/web/20230131225427/https://www.gamescoin.io/de/impressum/
On November 8, 2023, it was noted in the commercial register that Markus Kaiser is no longer Managing Director.
northdata.de/?id=5410645389869056
The new Managing Director since November 15, 2023 is A. Suárez Cronauer:
share-your-photo.com/a3f83ee2ed
northdata.de/?id=5377064315650048
Note. On March 5, 2023, GamesCoin IO GmbH in Berlin was renamed YOURE Games GmbH.
Marian Härtel, the first Managing Director of GamesCoin IO GmbH, is a lawyer. He specializes in IT, esports, blockchain, games and start-ups:
share-your-photo.com/92cbbcbaaf
The address of his law firm and that of the former GamesCoin IO GmbH are identical:
Is Marian Härtel also the founder of this company or was he acting on behalf of someone else like Alejandro Manuel Suárez Cronauer? On his website he writes that he has been working as a lawyer, consultant and entrepreneur for 16 years:
share-your-photo.com/c63576ab2b
itmedialaw.com