Power On Network Review: Crypto888 Club scammers launch XeCoin
There is no information on the Power On Network website indicating who owns or runs the company.
A Power On Network corporate webinar this review is based on is hosted by Nigel Allan.
On the webinar, Allan claims he’s “involved” in Power On Network and refers to the company in the possessive.
Allan does not disclose his specific role within Power On Network. If he’s not running Power On Network himself, Allan does not disclose who is.
What he does disclose is that Power On Network is purportedly based in Singapore and owned by “Global Power Pte”.
The Power On Network website domain (“poweronnetwork.com”) was registered on the 29th of August 2016, however the domain registration is set to private.
Nigel Allan (right) first popped up on BehindMLM back in 2013 as the co-founder of Brilliant Carbon, a collapsed pyramid scheme.
Allan resurfaced in 2014 as co-founder and President of OneCoin, a Ponzi points scheme.
Allan left / was fired from OneCoin (depending on who you ask) shortly after its launch. He quickly positioned himself as Master Distributor of Crypto888 Club, a similar Ponzi points scam.
Allan is suspected of running Crypto888 Club either directly or via proxy.
Crypto888 Club collapsed in early 2016, prompting a reboot as “Octa Partners”.
Octa Partners also collapsed a few months after launch, prompting a third reboot as Nano Club.
Allan’s involvement in Power On Network suggests that he’s either sold his share in Crypto888 Club or simply abandoned the company. When specifically Allan stopped promoting and/or left Crypto888 Club is unclear.
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.
The Power On Network Product Line
Power On Network has no retailable products or services, with affiliates only able to market Power On Network
Once signed up, Power On Network affiliates can invest in XeCoins.
XeCoins are not publicly tradeable and have an internal value assigned to them by Power On Network.
Outside of the Power On Network MLM opportunity XeCoins are worthless.
The Power On Network Compensation Plan
The Power On Network compensation plan sees affiliates invest in XeCoins.
Power On Network affiliates are also paid directly and residually for recruiting new Power On Network affiliates.
- PowerPlan 1 (€199 EUR) – 1000 XeCoins
- PowerPlan 2 (€599 EUR) – 3500 XeCoins
- PowerPlan 3 (€1099 EUR) – 8000 XeCoins
- PowerPlan 4 (€3099 EUR) – 26,000 XeCoins
- PowerPlan 5 (€5099 EUR) – 50,000 XeCoins
- PowerPlan 6 (€20,099 EUR) – 220,000 XeCoins
- PowerPlan 7 (€100,099 EUR) – not disclosed
The value of XeCoins is set by Power On Network and can only be traded after 30 days.
If an affiliate does not sell XeCoins off, they receive a 5% to 12% bonus on their XeCoin balance.
XeCoins are not publicly tradeable and must be exchanged for cash through Power On Network’s internal exchange.
Note that 40% of all Power On Network commission payouts must be reinvested back into new XeCoin packages.
Power On Network affiliates are paid to recruit new affiliates.
Recruitment commissions are paid out as a percentage of funds invested via three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 5%
- level 2 (must have generated 6000 PV) – 3%
- level 3 (must have generated 10,000 PV) – 2%
PV stands for “Personal Volume” and is sales volume generated by an affiliate’s own investment and that of their personally recruited affiliates.
Corresponding PV values for each of Power On Network’s affiliate packages are as follows:
- PowerPlan 1 – 100 PV
- PowerPlan 2 – 350 PV
- PowerPlan 3 – 800 PV
- PowerPlan 4 – 2600 PV
- PowerPlan 5 – 5000 PV
- PowerPlan 6 – 40,000 PV
- PowerPlan 7 – not disclosed
Power On Network’s Infinite Bonus allows an affiliate to earn a 1% override commission on funds invested by their downline, from the fourth level down an infinite number of levels.
To qualify for the Infinity Bonus a Power On Network affiliate must have generated 50,000 PV.
Residual Commissions in Power On Network are paid out 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):
These initial two positions form the first level of the binary team. The second level of the binary team is generated as required, by splitting each of the two position into another two positions each.
In this manner a binary team can extend down a theoretical infinite depth, with levels generated as required.
Positions in the binary team are filled via direct and indirect recruitment of new Power On Network affiliates.
Investment volume (PV) is tracked on both sides of the binary each day.
Power On Bonus affiliates are paid a percentage of sales volume generated on the weaker binary side each day.
How much of a percentage a Power On Network affiliate is paid is determined by how much they’ve convinced personally recruited affiliates to invest:
- generate 0 to 2000 PV = 6% binary commission rate
- generate 2001 to 4999 PV = 8% binary commission rate
- generate 5001 to 24,999 PV = 10% binary commission rate
- generate 25,000 PV or more = 12% binary commission rate
In addition to the above percentage payouts, the following daily commission caps also apply:
- invest in PowerPlan 1 (€199 EUR) and earn a maximum of €1000 EUR in binary commissions a day
- invest in PowerPlan 2 (€599 EUR) and earn a maximum of €3000 EUR in binary commissions a day
- invest in PowerPlan 3 (€1099 EUR) and earn a maximum of €5000 EUR in binary commissions a day
- invest in PowerPlan 4 (€3099 EUR) and earn a maximum of €20,000 EUR in binary commissions a day
- invest in PowerPlan 5 (€5099 EUR) and earn a maximum of €30,000 EUR in binary commissions a day
- invest in PowerPlan 6 (€20,099 EUR) and earn a maximum of €40,000 EUR in binary commissions a day
- daily binary cap for PowerPlan 7 (€100,099 EUR) is not disclosed
After investment volume has been paid out on it is flushed from both sides of the binary.
Leftover volume on the stronger binary side is carried over and the process repeats itself at the end of the next day.
Infinity Matching Bonus
The Infinity Matching Bonus pays Power On Network affiliates a matching percentage of binary commissions earned by their downline.
The Infinity Matching Bonus is paid out via generations using 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 below 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.
A generation in Power On Network is defined when an affiliate is found in a unilevel leg that has invested at the same or higher level.
This caps off the first generation, with the second generation extending until a second affiliate is found who has invested at the same or higher level.
Note that if no such affiliate exists, the generation extends down the full length of the unilevel leg
To qualify for the Infinity Matching Bonus, a Power On Network affiliate must have generated at least 2000 PV.
The Infinity Matching Bonus is paid out as percentage of binary commissions earned by unilevel team affiliates as follows:
- generations 1 to 4 – 5% matching bonus
- generation 5 to infinity (must generate at least 100,000 PV) – 5%
Joining Power On Network
Power On Network affiliate membership is tied to an investment of €199 to €1099 EUR:
- PowerPlan 1 – €199 EUR
- PowerPlan 2 – €599 EUR
- PowerPlan 3 – €1099 EUR
- PowerPlan 4 – €3099 EUR
- PowerPlan 5 – €5099 EUR
- PowerPlan 6 – €20,099 EUR
- PowerPlan 7 – €100,099 EUR
The primary difference between the above affiliate packages is income potential through the Power On Network compensation plan.
Power On Network is shrouded in tons of techno-babble about being your own power grid and the future of power distribution.
This is mostly due to a purported agreement between Power On Network and Exergonix.
In the Power On Network Nigel Allan’s hosted, he refers to Exergonix as a “technology partner”.
On their own website, Exergonix claim they are
set to be an unparalleled enterprise in the development of renewable energy projects around the world, strategically expanding its business with a diversified portfolio of technologies and business accruements in the “Green” market.
To what extent that’s true or not is ultimately irrelevant.
Exergonix has nothing to do with Power On Network or the value of XeCoin.
XeCoin is Nigel Allan’s relaunch of Crypto888. Once again we have completely worthless Ponzi points being offloaded to unsuspecting victims, on the promise of future riches.
Crypto888 had a bunch of waffle about gambling profits and what not. Now with Power On Network it’s power storage.
The reality is XeCoin’s value is determined by Power On Network, who have pre-mined 95% of the available coins.
Power On Network dump XeCoins onto affiliates at a premium price and make their money.
You as a Power On Network affiliate are left with completely worthless Ponzi points you can’t do anything with.
This is exactly what happened in Crypto888 and its predecessors.
At a minimum Power On Network are engaging in financial fraud via operation of a Ponzi scheme.
You sign up, invest money and if you manage to put in a withdrawal request through Power On Network’s internal XeCoins exchange, are paid with subsequently invested funds.
The rest of the Power On Network compensation plan is geared around recruitment of new Power On Network affiliates, which adds a pyramid lawyer to the scheme.
As with all Ponzi schemes, once recruitment of new affiliates dries up, Power On Network collapses and investors lose all the money they have tied up in XeCoins.
Again, this is exactly what happened in Crypto888 and its predecessors.
You as a prospective Power On Network affiliate can look at losses of Crypto888 affiliates and learn from it, or repeat their mistakes and fall for Nigel Allan’s latest scam.
Even if we assume Nigel Allan had nothing to do with Crypto888’s predecessors, that’s still three Ponzi points scam launches he’s been involved in over the past two years.
That’s two to many… and with the pending launch of Power On Network, quite obviously not a coincidence.
Update 26th June 2017 – Following an announcement and cease and desist from Exergonix, the Power On Network website has been taken offline.
It appears the Ponzi scheme and attached XeCoin has collapsed.
At last! I am not an investor nor ever have been or would be!
Interrogate peoples’ pasts before you invest.
Why does every single business get accused of being bad. A lot of people are sure that they will become rich through this so how do you know they won’t?
You have made me doubt the scheme whereas so many I know are convinced it is good.
How arr you so certain it is bad ?
Never said they won’t. When I review an MLM opportunity whether or not scammers get rich isn’t a criteria I take into consideration.
Because PowerOnNetwork uses the Ponzi points altcoin pump and dump model. Nothing good comes of scamming people through Ponzi points and a worthless altcoin.
That doubt you’re feeling is common-sense holding out against greed. You’ll wind up signing up if greed wins out, and probably lose your money.
You forgotten about the main Star of the Show!! Surprisingly Mr. Jarle Thorsen a well know individual to Scam and Ponzi game 🙂
EXERGONIX PARTNERING WITH NIGEL ALLAN & Jarle Thorsen
In their pyramid scheme ( Power on network) XECOIN, an organization compels individuals who wish to join to make a payment.
In exchange, the organization promises its new members a share of the money taken from every additional member that they recruit.
The directors Nigel Allan and Rocco Fish of the organization (those at the top of the pyramid) Don Nissanka, Brent Franzel, Ken Barnes, Peter Nortman, Arve Evensen CEO of POwer on network, Mark Lukso, Stephen Gates, Sunny Sanwar, Frank Reardon, Kevin Sack, Holli Berry, Peter Prisbrey & Mike Weyant also receive a share of these payments.
For the directors, the scheme is potentially lucrative—whether or not they do any work, the organization’s membership has a strong incentive to continue recruiting and funneling money to the top of the pyramid.
1. Focus is More on Recruiting than Selling.
2. Poor Training.
3. Pressure to Pay for More.
4. Sales Tactics Brought to Bear on You.
5. Seems Too Good To Be True.
How can you explain the partnership of this perfectly legitimate US Company Exergonix
with these notorious scammers like Allan + Thorsen + Venczel multimilion dolar valutation and pretty impressive tech, What is the deal here?
The owners don’t realise what kind of fraudsters they are??
Covered it in the review:
One thing you get used to ignoring when conducting due diligence on MLM underbelly scams are attempts at legitimacy by association.
If the business model is fraudulent it doesn’t matter who has partnered with who.
Funny how “legitimate” businesses like Power On Network always seem to attract the same type of marketers (email):
Also via email:
All around me are familiar faces
Worn out places, worn out faces
Bright and early for their daily races
Going nowhere, going nowhere…
Very useful information, Thanks Oz,
Researching the Company if its a Scam or Ponzi
2003/4 Interrogate his past. What was happening to him in the U.K.?
It would help you to triangulate your grave concerns.
Omg…stop criticize others, every one has past! i believe you did bad thing also as well as we all humans! what we should look is into present and future!
What i found XECoin has a Amazing Future! Is your own good to stop criticize… and don’t waste your time! Put more time on your job and family 🙂
What did you find? It obviously wasn’t Nigel Allan’s background in scamming or Power On Network’s fraudulent business model.
guess recruiting is taking a hit as always when they show up here.
But not everyone is asking people to send them money – that’s the difference.
They’ve also just paid 1 bitcoin to get listed on the tinpot Novaexchange, so they’ll be shouting about “moving to the next level” or some such BS soon, which actually means they’ll be playing P&D games with their premine to fleece Chinese/Korean gamblers.
THIEFS AND SCAMMERS!!! They have stollen money from ex ByXpress leaders.
All withdrawal orders from ByXpress accounts should be transfered back to PowerOnXpress accounts but it never happened!
They showed their face on the beginning – thief will always be a thief!
Power On Network is registered in USA but when investing in their scheme, they asked you to send money to their Singapore Head Office.
If this company is real, they should ask their stack holders to depost their funds into their USA bank accounts or in UK where they are active.
This is because they don’t want US / EU Laws apply to them if later found guilty. Smart Move Guys!
I am Nigel Allan’s sister. He has run many, many ponzi schemes and his history in this area is very dark.
Listen to the negative on the web- it IS correct and accurate- he uses people and many people have been scammed by him and his colleagues.
I see his trail of destruction across the internet, he hides his past well- by the way he did n’t complete his degree at Leeds University as he claims- he dropped out after two years.
There were many years of failed MLM schemes where he had nothing- he has not had the successful business history and career that he paints.
He cares for nothing but himself and money is his god. He tells a good story and is very intelligent but uses it sadly to scam people.
His own grandmother from Chesterfield in Derbyshire Uk, thought he was grandiose and portrayed himself as bigger and better than he was. How prophetic her words.
Choose somewhere safe to place your money people- as far away from him as possible. The serious fraud squad raided his home in the Uk in 2004 and proceeded to charge him and others with extremely serious offences.
3 years later he was acquitted but I am sure this jwas just the prosecution unable to join up the dots. He no longer runs his schemes in countries where their anti fraud measures are robust- please ask yourselves why?
If you don’t believe me- that is your choice but buyer beware!
Ms. Urquhart. For everyone to know and be clear on the facts. Nigel has made poor choices in the past, many of which have had an effect on myself. He doesn’t claim a degree but claims to have studied at Leeds university.
What about your history? Nigel has a problem with you for stealing from him and your other siblings.
The death of your mother was tragic, R.I.P. What happened to her jewellery? I wonder how difficult it is to type with all those heavy and expensive bracelets on your arm.
You’re clearly having family issues and to bring them onto a site that is discussing your brothers business ethics would be wrong, yet expected of you.
In response- just for the record- I received nothing from my mother or any other family member at the time of their deaths or before.
3 gold bangles that I teethed upon was my only inheritance- which my mother asked me to have at the time of her death and her husband at the time gave them to me.
My conversations with my mother during her last 3 weeks are private. The lies you have chosen to believe are just that.
So “Nanny” there is always another side. People create their own narrative to justify their own behaviours- As far as business is concerned- if one can behave like this with your family then it leaves little hope for others.
Here’s a visual from the leaked Paradise Papers data (2017) showing all shareholders of Global Digital Services Plc listed on the Cyprus Stock Exchange. Among who of course Frank Ricketts and Arve Evensen and a lot other Evensen’s. -> offshoreleaks.icij.org/nodes/55054094
As of 31 January 2021 Jussi Veikko Saloranta is director of this Cyprus based company, together with Karet Nilsa-nga. Both are part of the management team of Corsair Group / Cloud Horizon / Amplivo / Ecovo.