Ulix7 fails to provide verifiable ownership or executive information on its website.

Ulix7’s website domain (“ulix7.com”), was privately registered on July 22nd, 2023.

Over on YouTube, Ulix7 has a marketing video featuring “Ronald”:

Ulix7 credits Ronald as CEO of the company in the video description and on their website.

Ronald however doesn’t seem to know he’s CEO, and introduces himself only as a “Company Director”.

Ronald of course doesn’t exist. He’s a fictional executive played by UK resident Oliver Haydon (aka Oli Haydon).

Haydon, among other things, is an actor. You can see some of his work at the defunct Pint Sized YouTube channel.

In a further attempt to appear legitimate, Ulix7 provides an incorporation certificate for Ulix Limited.

Ulix Limited was incorporated in the UK on February 14th, 2022.

An MLM company operating or claiming to operate out of the UK is a red flag.

UK incorporation is dirt cheap and effectively unregulated. On top of that the FCA, the UK’s top financial regulator, do not actively regulate MLM related securities fraud.

As a result the UK is a favored jurisdiction for scammers looking to incorporate, operate and promote fraudulent companies.

For the purpose of MLM due-diligence, incorporation in the UK or registration with the FCA is meaningless.

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.

Ulix7’s Products

Ulix7 has no retailable products or services.

Affiliates are only able to market Ulix7 affiliate membership itself.

Ulix7’s Compensation Plan

Ulix7 affiliates invest USD equivalents in cryptocurrency. This is done on the promise of advertised returns:

  • A-1 – invest $25 to $150,000 and receive 1.5% a day for 15 days
  • B-2 – invest $1000 to $150,000 and receive 2% a day for 15 days
  • C-3 – invest $5000 to $150,000 and receive 3% a day for 15 days

The MLM side of Ulix7 pays on recruitment of affiliate investors.

Ulix7 Affiliate Ranks

There are five affiliate ranks within Ulix7’s compensation plan.

Along with their respective qualification criteria, they are as follows:

  • Standard – sign up as a Ulix7 affiliate
  • Progressive – generate $3000 in downline investment volume
  • Master – generate $10,000 in downline investment volume
  • VIP – generate $25,000 in downline investment volume
  • President – generate $50,000 in downline investment volume

Referral Commissions

Ulix7 pays referral commissions via 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 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.

Ulix7 caps payable unilevel team levels at five.

Referral commissions are paid as a percentage of cryptocurrency invested across these five levels based on rank:

  • Standard ranked affiliates earn 7% on level 1 (personally recruited affiliates), 3% on level 2 and 1% on levels 3 and 4
  • Progressive ranked affiliates earn 8% on level 1, 3% on level 2 and 1% on levels 3 and 4
  • Master ranked affiliates earn 10% on level 1, 3% on level 2 and 1% on levels 3 to 5
  • VIP ranked affiliates earn 11% on level 1, 3% on level 2 and 1% on levels 3 to 5
  • President ranked affiliates earn 12% on level 1, 3% on level 2 and 1% on levels 3 to 5

Joining Ulix7

Ulix7 affiliate membership is free.

Full participation in the attached income opportunity requires a minimum $25 investment.

Ulix7 solicits investment in various cryptocurrencies.

Ulix7 Conclusion

Ulix7 represents it generates external revenue via “highly qualified traders and analysts”.

No evidence of Ulix7 generating external revnue via any means is provided.

That’s because, like Ulix7’s fictional executives, they don’t exist.

Ulix7’s business model additionally fails the Ponzi logic test.

If Ulix7 was capable of legitimately generating 3% a day on a consistent basis, what do they need your money for?

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

This will starve Ulix7 of ROI revenue, eventually prompting a collapse.

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