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.