Stable Swap fails to provide ownership or executive details on its website.

Stable Swap’s website domain (“stableswap.live”), was privately registered on October 26th, 2023.

A link on Stable Swap’s website takes us to its official YouTube channel.

There we find videos in Taglish, a combination of Tagalog and English. Taglish is primarily used in the Philippines.

Stable Swap marketing videos are hosted by Pat Gallardo:

Gallardo has his own YouTube channel, on which Stable Swap marketing videos have also been uploaded.

Before Stable Swap, circa September 2023, Gallardo was promoting Swych.

That seems to have lasted about five months. The first Stable Swap marketing went up on January 9th, 2024.

As of March 2024, SimilarWeb tracked top sources of traffic to Stable Swap’s website as the Philippines (71%) and Australia (23%).

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.

Stable Swap’s Products

Stable Swap has no retailable products or services.

Affiliates are only able to market Stable Swap affiliate membership itself.

Stable Swap’s Compensation Plan

Stable Swap affiliates invest USD equivalents in cryptocurrency.

This is done on the promise of advertised returns:

  • Short Term – up to 0.1% a day for 60 days
  • Medium Term – up to 0.2% a day for 120 days
  • Long Term – up to 0.35% a day for 300 days

Note that Stable Swap don’t specify a minimum investment amount.

The MLM side of Stable Swap pays on recruitment of affiliate investors.

Referral Commissions

Stable Swap pays referral commissions on invested cryptocurrency down three levels of recruitment (unilevel):

  • level 1 (personally recruited affiliates) – 5%
  • level 2 – 2%
  • level 3 – 1%

ROI Match

Stable Swap pays a 10% match on dails returns paid to personally recruited affiliates.

Joining Stable Swap

Stable Swap affiliate membership is free.

Full participation in the attached income opportunity requires an investment in cryptocurrency.

Stable Swap solicits investment in tether (USDT) and USD Coin (USDC).

Stable Swap Conclusion

Stable Swap represents it generates external revenue via “fee sharing”.

We offer attractive APRs (Annual Percentage Rates) and Referral Rewards through our business model, which is based on fee sharing.

No verifiable evidence of Stable Swap using fees of any kind of any kind to pay ROI withdrawals is provided.

An example of a verifiable evidence would be audited financial reports filed with financial regulators in countries Stable Swap solicits investment in.

Based on its website traffic, this would be the Philippines SEC and Australian Securities and Investments Commission (ASIC).

Stable Swap fails to provide evidence it has registered with either, meaning the company is committing securities fraud.

This is based on Stable Swap’s passive returns investment opportunity, which in any country with a regulated financial market constitutes a securities offering.

Instead of registering with financial regulators and providing audited financial reports, Stable Swap offers up baloney about “Topjuan Tech”.

First off legitimacy via association isn’t a thing. Topjuan Tech doesn’t absolve Stable Swap from its legal requirements with respect to securities law.

Secondly, Topjuan Tech isn’t registered with the Philippine SEC.

Topjuan Tech operates from the domain “topwallet.ph”. I can’t tell you when the domain was registered because the registrar’s website is down at time of publication (“dot.ph”).

Nevertheless through Top Wallet, Topjuan Tech provides merchant payment processor services.

As it stands, the only verifiable source of revenue entering Stable Swap is new investment.

Using new investment to pay ROI withdrawals would make Stable Swap a Ponzi scheme. With nothing marketed or sold to retail customers, the MLM side of Stable Swap additionally operates as a pyramid scheme.

Such to the extent any relationship between TopJuan Tech and Stable Swap exists, it appears to only be for money laundering purposes.

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

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

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