Likwel operates in the cryptocurrency MLM niche.

Likwel’s website domain (“likwel.com”), was privately registered on September 26th, 2022.

The company represents it is based out of Canada, but only provides a virtual address owned by Regus on its website.

Likwel’s Canadian virtual address corresponds to Likweil Limited, a shell company purportedly incorporated in Canada on October 19th, 2022.

Due to the ease with which scammers are able to incorporate shell companies with bogus details, for the purpose of MLM due-diligence shell incorporation in any jurisdiction is meaningless.

Heading up Likwel is CEO Hector Miles. No photo of Miles is provided on Likwel’s website, only a non-verifiable marketing bio.

My story began in 2010, when I finished my master’s degree, before going on to finish my postgraduate studies in computer engineering.

Since 2015, I’ve been actively working with corporate clients in the business industry.

We are however introduced to Miles on Likwel’s official YouTube channel.

Miles is played by Russian national Anton Kozlov (Антон Козлов).

Not surprisingly, Kozlov doesn’t work in the “business industry”. He’s a children’s book publisher from Nizhny Novgorod.

Who actually runs Likwel isn’t clear but it’s obvious they are in or at the very least have ties to Russia.

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.

Likwel’s Products

Likwel has no retailable products or services.

Affiliates are only able to market Likwel affiliate membership itself.

Likwel’s Compensation Plan

Likwel affiliates invest tether (USDT). This is done on the promise of advertised returns, paid daily for 150 days:

  • Deal Start – invest $50 to $499.01 and receive 0.55% a day
  • Deal 1 – invest $500 to $2999.01 and receive 0.8% a day
  • Deal 2 – invest $3000 to $9999.01 and receive 0.95% a day
  • Deal 3 – invest $10,000 to $29,999.01 and receive 1.15% a day
  • Deal 4 – invest $30,000 to $59,999.01 and receive 1.5% a day
  • Deal 5 – invest $60,000 to $99,999.01 and receive 1.85% a day
  • Deal 6 – invest $100,000 to $999,999.01 and receive 2.25% a day

“Corporate Deal” investment plans are available to Likwel affiliates who’ve qualified at Level 6 or higher:

  • Corporate Deal 1 – invest $150,000 or more and receive 2.65% a day for 120 days
  • Corporate Deal 2 – invest $250,000 or more and receive 3.3% a day for 90 days
  • Corporate Deal 3 – invest $500,000 or more and receive 4.45% a day for 90 days

Corporate Deal investments can be solo funded or a combo funded with an affiliate’s downline.

The MLM side of Likwel pays on recruitment of affiliate investors.

Likwel Affiliate Ranks

There are ten affiliate ranks within Likwel’s compensation plan.

Along with their respective qualification criteria, they are as follows:

  1. Level 1 – sign up as a Likwel affiliate
  2. Level 2 – generate 25,000 USDT in downline investment
  3. Level 3 – generate 75,000 USDT in downline investment
  4. Level 4 – generate 150,000 USDT in downline investment
  5. Level 5 – generate 300,000 USDT in downline investment
  6. Level 6 – generate 500,000 USDT in downline investment
  7. Level 7 – generate 1,000,000 USDT in downline investment
  8. Level 8 – generate 2,000,000 USDT in downline investment
  9. Level 9 – generate 3,000,000 USDT in downline investment
  10. Level 10 – generate 10,000,000 USDT in downline investment

Referral Commissions

Likwel 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.

Likwel caps referral commissions down ten unilevel team levels.

Referral commissions are paid as a percentage of tether invested across these ten levels based on rank:

  • Level 1 ranked affiliates earn 9% on level 1 (personally recruited affiliates), 5% on level 2, 3% on level 3 and 2% on level 4
  • Level 2 ranked affiliates earn 10% on level 1, 5% on level 2, 3% on level 3, 2% on level 4 and 1% on level 5
  • Level 3 ranked affiliates earn 10% on level 1, 6% on level 2, 4% on level 3, 2% on level 4 and 1% on levels 5 and 6
  • Level 4 ranked affiliates earn 11% on level 1, 6% on level 2, 4% on levels 3 and 4, 2% on level 5 and 1% on levels 6 and 7
  • Level 5 ranked affiliates earn 11% on level 1, 6% on level 2, 4% on levels 3 and 4, 3% on level 5, 2% on levels 6 and 7 and 1% on level 8
  • Level 6 ranked affiliates earn 11% on level 1, 7% on level 2, 4% on levels 3 to 5, 3% on levels 6 and 7 and 1% on levels 8 and 9
  • Level 7 ranked affiliates earn 12% on level 1, 7% on level 2, 4% on levels 3 to 5, 3% on levels 6 and 7, 2% on levels 8 and 9 and 1% on level 10
  • Level 8 ranked affiliates earn 12% on level 1, 7% on level 2, 4% on levels 3 to 5, 3% on levels 6 to 9 and 2% on level 10
  • Level 9 ranked affiliates earn 12% on level 1, 8% on level 2, 5% on level 3, 4% on levels 4 and 5, 3% on levels 6 to 9 and 2% on level 10
  • Level 10 ranked affiliates earn 13% on level 1, 9% on level 2, 5% on level 3, 4% on levels 4 and 5, 3% on levels 6 to 9 and 2% on level 10

Joining Likwel

Likwel affiliate membership is free.

Full participation in the attached income opportunity requires a minimum $50 investment in tether (USDT).

Likwel Conclusion

Likwel represents it generates external revenue via a number of streams:

Likwel is a unique and innovative crypto tool for the masses.

Our business is mining, cryptocurrency trading, stocks, bonds. Located in Canada, North America.

No evidence of Likwel being engaged in any external revenue is provided.

That’s because, like Likwel being based out of Canada and its Boris CEO, Likwel has no source of external revenue.

At a minimum, Likwel is committing securities fraud by failing to register its passive returns investment scheme with financial regulators.

This would require Likwel to file periodic audited financial reports. They can’t do this, because all Likwel is doing is recycling new investment to pay earlier investors.

The bottom-line is if Likwel was able to legitimately generate 4.45% a day on consistent basis, they wouldn’t be hiring children’s book publishers to play CEO and, more importantly, be providing you access at no cost.

As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.

This will starve Likwel of ROI revenue, eventually prompting a collapse.

The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.

 

Update 10th September 2023 – Likwel has collapsed.