Swag also goes by just Swag Mining and Swag Network.

Swag’s parent company is presented as Swag Ou (aka Swag Corporate), which appears to be an Estonian shell company.

  • Swag Mining  (swagmining.com) – privately registered on Feb 26th 2020, Italian hosting
  • Swag (swagyourlife.com) – first registered in 2019, domain registration currently private and last updated in June 2020, Italian hosting
  • Swag Corporate (swag-corporate.com) – privately registered in June 2020, Italian hosting

Swag’s website defaults to Italian. This suggests whoever owns the company is at the very least of Italian origin, if not running the company out of Italy itself.

Supporting this is six of Swag’s current “best promoters of the month” being from Italy. The other two are from Spain.

As above, Swag’s company websites were registered through an Italian registrar and are hosted in Italy.

The only name featured on Swag’s websites is Gabriele Stampa (right).

Stampa is credited as

Co-Founder of the first and largest Italian mining farm and active member of the Scientific Board of Scrypta Fondation and Assocoin.

As per Stampa’s LinkedIn profile, he’s a Swag co-founder dating back to July 2019.

Stampa is based out of Florence in Italy, which is likely where the company is actually being operated from.

Supporting this is the domain registration for swagmining.com. Although the majority of registration details are “redacted for privacy”, we can see the registrant’s state and country is LI, IT.

This stands for the province of Livorno in Italy. Livorno is a province in the Tuscany region of Italy. Florence is the capital of Italy’s Tuscany region.

Based on his LinkedIn profile data, Gabriele Stampa appears to be your typical crypto bro.

Stampa cites involvement in a number of cryptocurrency projects, none which appear to have gone anywhere.

Read on for a full review of Swag’s MLM opportunity.

Swag’s Products

Swag has no retailable products or services, with affiliates only able to market Swag affiliate membership itself.

Swag’s Compensation Plan

Swag affiliates invest funds on the promise of advertised returns:

  • Swag Pack 10 – invest €100 EUR and receive 2.5% a month
  • Swag Pack 50 – invest €500 EUR and receive 3% a month
  • Swag Pack 100 – invest €1000 EUR and receive 3.5% a month
  • Swag Pack 250 – invest €2500 EUR and receive 4% a month
  • Swag Pack 500 – invest €5000 EUR and receive 4.5% a month
  • Swag Pack 1000 – invest €10,000 EUR and receive 5% a month

Note I’ve also seen the above returns advertised as “bimonthly returns”. I believe this refers to Swag affiliates are only able to withdraw every two months.

What I do know is that nothing is paid out the first month of investment. Return calculation begins from the second month.

Every two months Swag affiliates are required to pay an undisclosed fee to keep their investment rolling.

Referral Commissions

Swag affiliates earn a referral commission on fees paid by recruited affiliates.

Recruited affiliates appear to be tracked via a unilevel compensation structure, tracked down at unknown number of levels.

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.

I couldn’t find a specific payout percentage. An example I came across in a marketing presentation however stated that ten renewal fee payments on average equated to 0.0151 BTC in referral commissions.

From this we can surmise the average referral commission rate is 0.00151 BTC on each renewal fee paid.

Note that renewal fees are due every two months. As such referral commissions are also paid every two months.

Joining Swag

Swag affiliates are charged an annual fee.

This fee is not disclosed on any of Swag’s websites.

What I can confirm, based on Swag affiliate marketing presentations, is the more an affiliate spends when they sign up the higher their income potential:


Swag is your typical MLM crypto Ponzi scheme.

Affiliates invest funds on the promise of a monthly return, which is paid out of subsequently invested funds.

If Swag was actually generating ROI revenue via mining, there’d be no need for Estonian shell companies and corporate secrecy. Swag would also be registered with CONSOB, Italy’s SEC equivalent.

Swag is also not registered with the CNMV in Spain, meaning at a minimum it is committing securities fraud in its two primary investor markets.

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

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

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

Three additional notes:

Firstly, Swag is currently being primarily promoted in Italy and Spain. If you’re approached about Swag outside of these countries, it’s likely recruitment has tanked and you’re being groomed as a bagholder.

Swag manages transactions from Swaggy, an app-based internal exchange. This is a central point of failure and can go down whenever Gabriele Stampa decided to exit-scam.

On that note, a crypto bro project in Stampa’s LinkedIn profile that caught my eye was TrueBitcoin.

Stampa claims he founded TrueBitcoin in July 2020.

Fast forward seven months later and, according to TrueBitcoin’s website, it isn’t launching for another 22 days.

According to TrueBitcoin’s website;

We are developing a new cryptocurrency minted with care and in rare metals integrating a strong component of Hi-Tech systems.

It will be connected to the web and to the blockchain from which it will acquire unprecedented qualities and new levels of control and security.

We have reinvented bitcoin and you can use it like any other currency.

It will be like having a treasure in your pocket.

The first cryptocurrency in history that through the Blockchain will be able to assume exactly the value of the bitcoins it represents.

A shitcoin that represents a specific amount of bitcoin. So why wouldn’t you use actual bitcoin?

Because this is peak “BUH MUH BLOCKCHAIN!”, that’s why.

Surprise surprise;

The actual purpose of TrueBitcoin is so Stampa can stop paying out bitcoin.

Worthless TrueBitcoin will be dumped on Swag investors instead, allowing Stampa a clean exit when the time comes.

You know how this ends.