Protradex Review: NFT & AI word salad crypto Ponzi
ProTradex fails to provide ownership or executive information on its website.
In fact as I write this, attempts to bring up ProTradex’s website returns a blank page.
ProTradex’s MLM opportunity runs off the subdomain “dapp.protradex.finance”, which unlike the main website is operational.
ProTradex’s website domain was privately registered on February 7th, 2023.
As of March 2023, SimilarWeb tracked top sources of traffic to ProTradex’s website as Taiwan (46%), China (24%) and the US (18%).
This tracks with the majority of ProTradex marketing I came across being directed as Chinese speakers.
It is highly likely whoever is running ProTradex has ties to either Taiwan or China.
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.
ProTradex has no retailable products or services.
Affiliates are only able to market ProTradex affiliate membership itself.
ProTradex’s Compensation Plan
ProTradex affiliates invest 100 tether (USDT) or more on the promise of a 1% daily ROI.
Returns are paid for 7 days, after which reinvestment is required to continue earning.
The MLM side of ProTradex pays on recruitment of affiliate investors.
ProTradex Affiliate Ranks
There are five affiliate ranks within ProTradex’s compensation plan.
Along with their respective qualification criteria, they are as follows:
- S1 – generate $50,000 in downline investment
- S2 – have two S1 affiliates in your downline
- S3 – have two S2 affiliates in your downline
- S4 – have three S3 affiliates in your downline
- S5 – have three S4 affiliates in your downline
Note that once S3 rank has been qualified for, it is the minimum rank a ProTradex affiliate will drop to if qualification criteria is not met.
ProTradex pays a match on daily returns paid to downline affiliates.
- S1 ranked affiliates earn a 20% match
- S2 ranked affiliates earn a 30% match
- S3 ranked affiliates earn a 40% match
- S4 ranked affiliates earn a 50% match
- S5 ranked affiliates earn a 60% match
It is unclear whether there’s any restrictions on how many recruitment levels the ROI match is paid on.
Token Subscription Investment Scheme
In addition to the passive returns scheme ProTradex runs alongside its MLM opportunity, the company also runs a “token subscription scheme”.
Token subscription investments are available in three tiers (5000 to 15,000 USDT).
The main difference between token subscription investment and regular investment is no MLM commissions and invested USDT is locked for six months.
ProTradex affiliate membership is free.
Full participation in the attached income opportunity requires a minimum 100 USDT investment.
ProTradex markets itself with a bunch of crypto bro nonsense:
ProTradex is a one-stop financial services platform specialized in the crypto decentralized derivatives segment. It focuses on providing liquidity to crypto assets and enhancing capital utilization (including NFT & FT assets).
ProTrade has built an AI-driven arbitrage strategy based on years of market-proven experience in the derivatives segment.
While at the same time we are deeply revolutionizing NFTFi and further unlocking the value stored in blue-chip NFTs that do not have liquidity. In the process we will also make significant gains through derivatives strategies.
If none of that made any sense to you, don’t worry; it’s not suppose to.
ProTradex frontloads its marketing with crypto buzzwords. This is to hide the simple Ponzi scheme it’s running.
The “crypto decentralized derivatives segment” (lol), NFTs and AI have nothing to do with ProTradex. All they’re doing is recycling newly invested funds to pay off existing investors.
Attached to this is an MLM compensation plan, adding a pyramid layer to the scheme.
ProTradex’s NFT and AI posturing becomes even more absurd, when you consider it
- doesn’t have a functioning website; and
- runs the investment side of its business on a cookie-cutter free template (see below)
In China cryptocurrency is outright illegal. In China, Taiwan and the US, passive investment schemes are regulated as securities.
ProTradex provides no evidence it has registered with financial regulators in any jurisdiction. Securities fraud and Ponzi schemes go hand in hand.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve ProTradex of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
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