Ultron is being launched as part of Givvo. The roll-out is a bit strange.

Ultron is being launched as a stand-alone opportunity, originally hosted off Givvo’s website:

That subdomain was working up until recently. It’s now been disabled.

As far as I can tell, Givvo currently doesn’t have a standalone web presence. Nonetheless we know it’s tied to Givvo.

Givvo promises to “change the fact that 99% of people never win at life?”

GIVVO’s main idea came from a simple wish; how to fulfill everyone’s deepest desires and at the same time make the world better.

Givvo presents itself as a donations platform for undisclosed “humanitarian organizations”.

Through the “Donations Campaign,” GIVVO raises money for one of the partnered licensed Humanitarian Organizations.

When the campaign is finished, we will present how this organization used donated money.

Givvo is essentially an ecommerce platform with a donation backend. You buy products on their platform and receive “donation points”. Donation points are put into pre-organized campaigns.

I believe all Givvo are doing is funneling what would otherwise be customer cashback into donations.

Attached to Givvo is a referral income opportunity:

Alexa currently ranks traffic to Givvo’s website at 2.8 million. This isn’t much.

As to who’s running Givvo, and by extension Ultron, no company ownership details are provided.

In the “campaign rules” section of Givvo’s website, it represents it is being run through the UK shell company Prizer22 LTD.

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.

Givvo’s official FaceBook page is managed from Slovakia and Slovenia. This is in line with the company’s ecommerce platform operating in euros.

In September 2021 Givvo uploaded an event video to their YouTube channel:

The guy in the video is Matej Cifra, a YouTuber from Slovakia. Cifra runs the YouTube channel Sajfa.

I wasn’t able to confirm how involved in Cifra is in Givvo or Ultron.

Cifra led me to someone I can confirm is heavily involved in Givvo, Tobias Sukenik.

In 2019 Sukenik co-founded TBF International, a CBD MLM company. In 2020 TBF International was sold off to Kannaway.

In the BusinessForHome article linked above, TBF International’s other co-founders are identified as Michal Kyselica and Michal Prazenica

Kyselica seems to have moved on…

 

Update 25th March 2022 – Michal Kyselica has been in touch to confirm he has nothing to do with Ultron or Givvo. /end update

 

…but on LinkedIn, Michal Prazenica identifies himself as CEO of Givvo.

In 2018, prior to co-founding TBF International, a BehindMLM reader tied Sukenik and Prazenica to the BeReal Estate Ponzi scheme.

I realized here that I could have saved myself a bit of time as another reader, (comment #27), had already identified Sukenik and Prazenica with respect to Givvo.

That was in October 2021. Details of Givvo’s business model weren’t available so I wasn’t able to publish a review.

Yet another reader recently reached out to me requesting a Givvo/Ultron review. This time I was able to oblige.

According to their respective social media profiles, both Tobias Sukenik and Michal Prazenica are based out of Dubai.

Due to limited extradition treaties and non-existent regulation of MLM related securities fraud, Dubai provides a safe-haven for scammers.

BehindMLM considers Dubai to be the MLM scam capital of the world. Any MLM company that is based out of Dubai, or has executives based there, raises automatic red flags.

Givvo and Ultron’s business operations appear to be spread between Dubai, Slovakia and Slovenia.

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.

Ultron’s Products

Ultron has no retailable products or services.

Affiliates are only able to market Ultron affiliate membership itself.

Ultron’s Compensation Plan

Ultron affiliates invest in ULTRON tokens (ULX) on the promise of a daily ROI over five years.

Ultron tokens are sold to affiliates for tether (USDT) across nine packages:

  • Basic – 100 USDT
  • Light – 300 USDT
  • Light Plus – 500 USDT
  • Standard – 1500 USDT
  • Standard Plus – 5000 USDT
  • Premium – 12,500 USDT
  • Premium Plus – 30,000 USDT
  • Supreme – 100,000 USDT
  • Supreme Plus – 300,000 USDT

ULX is dumped on affiliates as per a “market price”. The more an Ultron affiliate invests, the more of a discount they receive:

  • Basic tier affiliates receive a 5% discount
  • Light tier affiliates receive an 8% discount
  • Light Plus tier affiliates receive a 10% discount
  • Standard tier affiliates receive a 12% discount
  • Standard Plus tier affiliates receive a 15% discount
  • Premium and higher tier affiliates receive a 20% discount

Once acquired, ULTRON tokens are parked with the company on the promise of advertised returns.

The ROI paid on Ultron token investment is determined by how long an affiliate invests their tokens for:

  • 0.2% a day for the first year
  • 0.1% a day for the second year
  • 0.05% a day for the third year
  • 0.025% a day for the fourth year
  • 0.0125% a day for the fifth year

The MLM side of Ultron pays commissions on tokens purchased by recruited affiliates.

Ultron Affiliate Ranks

There are sixteen affiliate ranks within Ultron’s compensation plan.

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

  1. Partner – sign up and invest in Ultron tokens
  2. Silver – generate 1000 USDT in accumulated weaker binary team side volume
  3. Gold – generate 3000 USDT in accumulated weaker binary team side volume
  4. Pearl – generate 10,000 USDT in accumulated weaker binary team side volume
  5. Sapphire – generate 25,000 USDT in accumulated weaker binary team side volume
  6. Ruby – generate 50,000 USDT in accumulated weaker binary team side volume
  7. Emerald – generate 100,000 USDT in accumulated weaker binary team side volume
  8. Diamond – generate 200,000 USDT in accumulated weaker binary team side volume
  9. Blue Diamond – generate 500,000 USDT in accumulated weaker binary team side volume
  10. Green Diamond – generate 1,000,000 USDT in accumulated weaker binary team side volume
  11. Black Diamond – generate 2,000,000 USDT in accumulated weaker binary team side volume
  12. Crown Diamond – generate 5,000,000 USDT in accumulated weaker binary team side volume
  13. Double Crown Diamond – generate 10,000,000 USDT in accumulated weaker binary team side volume
  14. Ambassador – generate 25,000,000 USDT in accumulated weaker binary team side volume
  15. Royal Ambassador – generate 50,000,000 USDT in accumulated weaker binary team side volume
  16. GOAT – generate 100,000,000 USDT in accumulated weaker binary team side volume

Note that up to 40% of required rank qualification volume can be sourced from any one unilevel team leg.

For a unilevel team description see “Matching Bonus” below.

Referral Commissions

Ultron affiliates earn a 10% commission on token packages purchased by personally recruited affiliates.

Residual Commissions

Ultron pays residual commissions 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):

The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).

Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.

Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note there is no limit to how deep a binary team can grow.

At the end of each day Ultron tallies up new investment volume on both sides of the binary team.

Affiliates are paid 10% of investment volume generated on their weaker binary team side.

Note that Ultron caps residual commissions based on rank:

  • Silvers to Pearls can earn up to 5000 USDT a week
  • Sapphires can earn up to 8000 USDT a week
  • Rubys can earn up to 10,000 USDT a week
  • Emeralds can earn up to 12,000 USDT a week
  • Diamonds can earn up to 15,000 USDT a week
  • Blue Diamonds can earn up to 20,000 USDT a week
  • Green Diamonds can earn up to 30,000 USDT a week
  • Black Diamonds can earn up to 40,000 USDT a week
  • Crown Diamonds can earn up 50,000 USDT a week
  • Double Crown Diamonds can earn up to 75,000 USDT a week
  • Ambassadors can earn up to 150,000 USDT a week
  • Royal Ambassadors can earn up to 250,000 USDT a week
  • GOATs can earn up to 500,000 USDT a week

After volume is paid out on, it is matched against the stronger binary team side and flushed.

Any leftover volume carries over into the following week.

Matching Bonus

Ultron pays a Matching Bonus 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.

Ultron caps the Matching Bonus at seven unilevel team levels.

The Matching Bonus is paid out as a percentage of residual commissions earned by unilevel team affiliates.

How many levels an Ultron affiliate earns the Matching Bonus on is determined by rank:

  • Pearls earn a 10% match on level 1 (personally recruited affiliates)
  • Sapphires earn a 10% match on levels 1 and 2
  • Rubys and Emeralds earn a 10% match on levels 1 to 3
  • Diamonds earn a 10% match on levels 1 to 4
  • Blue Diamonds and Green Diamonds earn a 10% match on levels 1 to 5
  • Black Diamonds earn a 10% match on levels 1 to 6
  • Crown Diamonds earn a 10% match on levels 1 to 7

Recruitment Bonus

If an Ultron affiliate recruits five affiliates who purchase a package within 30 days of signing up, they receive a refund on their own initial package purchase.

Note that packages purchased by affiliates must be the same or higher than whichever one the qualifying affiliate purchased.

Global Bonus Pools

Ultron takes 2.75% of company-wide investment volume and places it into a Global Bonus Pool.

The Leaders Bonus Pool is split into four equal smaller pools.

Ultron affiliates qualify for a share in the smaller Global Bonus Pools based on rank:

  • Sapphires, Rubys and Emeralds receive a share in a 1% Global Bonus Pool
  • Diamonds, Blue Diamonds and Green Diamonds receive a share in a 1% Global Bonus Pool
  • Black Diamonds, Crown Diamond and Double Crown Diamonds receive a share in a 0.5% Global Bonus Pool
  • Ambassadors, Royal Ambassadors and GOATs receive a share in a 0.25% Global Bonus Pool

Top Performer Bonus Pool

Ultron takes 1% of company-wide investment volume and places it into the Top Performer Bonus Pool.

The Top Performer Bonus Pool is split into four smaller 0.25% pools, shares of which are awarded based on monthly personal recruitment new investment volume.

  • generate 20,000 to 40,000 USDT in new investment volume and receive a share in a 0.25% Top Performer Bonus Pool
  • generate 40,000 to 80,000 USDT in new investment volume and receive a share in two 0.25% Top Performer Bonus Pools
  • generate 80,000 to 150,000 USDT in new investment volume and receive a share in three 0.25% Top Performer Bonus Pools
  • generate 150,000 to 300,000 USDT in new investment volume and receive a share in four 0.25% Top Performer Bonus Pools

Hodl Pool Bonus

Ultron takes 1.8% of company-wide investment volume and pays it out via the Hodl Pool Bonus.

The Hodl Pool Bonus consists of nine 0.2% pools, corresponding to how much an Ultron affiliate has invested.

Each investment tier corresponds with one share in one of the pools. Additional shares are rewarded for all pools lower than the investment tier.

E.g. you invest at the Premium Plus 30,000 USDT tier. You receive a share in the 30,000 USDT Hodl Pool Bonus tier, as well as the six pools below it.

Multiple Hodl Pool Bonus shares can be stacked if an Ultron affiliate invests multiple times.

Rank Achievement Bonus

Ultron rewards affiliates who qualify at Team Manager and higher with the following one-time Rank Achievement Bonuses:

  • qualify at Sapphire and receive an Apple Watch
  • qualify at Ruby and receive an Apple iPhone 13
  • qualify at Emerald and receive a MacBook Air
  • qualify at Diamond and receive a “Blue Diamond VIP retreat” or 10,000 USDT
  • qualify at Green Diamond and receive a Rolex DateJust or 15,000 USDT
  • qualify at Black Diamond and receive a Harley Davidson Fat Bob or 30,000 USDT
  • qualify at Crown Diamond and receive a Mercedes-Benz C63 AMG Coupe or 90,000 USDT
  • qualify at Double Crown Diamond and receive a Mercedes-Benz AMG-GT or 150,000 USDT
  • qualify at Ambassador and receive a “Ferrari, Bentley, McLaren or Lamborghini” or 450,000 USDT
  • qualify at Royal Ambassador and receive an “apartment in Dubai” or 750,000 USDT
  • qualify at GOAT and receive a “luxury villa in Dubai” or 1,500,000 USDT

Joining Ultron

Ultron affiliate membership is tied to the purchase of a €500, €1500 or €5000 EUR ultron token package.

The more an affiliate spends on their package the higher their income potential.

Ultron Conclusion

A Givvo marketing video from last October reveals it had its own cryptocurrency component:

Ultron sees Givvo go full crypto bro with pyramid recruitment and securities fraud.

Somewhat not surprisingly, Ultron’s crypto bro aspirations don’t exist yet.

What is ready to go is investment fraud. Ultron affiliates sign up, invest in Ultron tokens, park those tokens with the company (staking), and collect a passive return.

This is a securities offering and requires registration with financial regulators.

Given Ultron has no external source of revenue (the ecommerce platform flopped so that’s out), returns on invested Ultron are thus paid with subsequently invested funds.

Ultron will no doubt come up with some pseudo-compliance to explain this away. Without audited financial reports filed with regulators however, this is meaningless.

The MLM side of Ultron pays on recruitment of affiliates who also invest. Given there’s no retail within Ultron’s MLM opportunity, this equates to pyramid recruitment.

Two tiers of fraud, a UK shell company for banking and let’s not forget Givvo is being run by scammers hiding in Dubai.

Good luck getting your money back from them when Ultron inevitably collapses.

Looking towards the inevitable exit-scam, Ultron’s marketing material mentions it’s an “ethereum virtual machine compatible protocol”.

I believe that’s just a roundabout way of stating ultron is an ERC20 shit token. These take five minutes to set up at little to no cost.

For reference, the domain “ultron.foundation” was privately registered on February 9th. This appears to be when Givvo’s Ultron reboot was put into motion.

At time of publication ultron doesn’t appear to be publicly tradeable. If that stays the same, Ultron’s exit-scam will see Tobias Sukenik and Michal Prazenica exit stage left.

This will leave Ultron affiliates bagholding tokens they can’t do anything with.

If ultron is eventually dumped on dodgy exchanges, admins will run off with invested funds leaving affiliates in a sell off race to the bottom.

Whichever route Ultron’s admins choose, math guarantees the majority of participants in Ponzi schemes lose money.

 

Update 1st August 2022 – A reader has written in to advise Ultron is being promoted under “Mavie International” branding.

Mavie International represents itself to be a “global affiliate marketing agency”. It operates from the domain (“mavie.global”), privately registered in March 2022.

Mavie International appearing around the same time Ultron was launched puts a big question mark on whether it’s a third-party company, as represented:

MaVie surpassed our expectations in quality and experience. They really deliver good agency work and the backoffice is amazing.

We’re really happy to be working with them.

Jeremy Romain in the comments below claims Michal Prazenica is behind Mavie, which would effectively mean its one and the same company.

Pending information to the contrary, Mavie International appears to just be an attempt to differentiate Ultron’s backoffice from its Ponzi scheme.

Note Ultron’s Mavie International is not to be confused with Ma Vie International, a crypto Ponzi launched in 2018, or Abboud Barakat’s MaVie (sold off to Ariix in 2020).

 

Update 9th February 2022 – Ultron has made some compensation changes since this review was published.

Namely Ultron dropped euros for tether, added a bunch more investment tiers and changed the MLM ranks.

Ultron is still otherwise the same MLM crypto Ponzi so I’ve updated this review as opposed to publishing a separate update.

 

Update 27th February 2024 – Mavie Global has launched Lottoday, an NFT grift Ponzi scheme.

 

Update 13th March 2024 – Mavie Global has launched its second spinoff, 369X.

 

Update 28th March 2024 – Mavie Global has launched its third spinoff, FlipMe.

 

Update 26th June 2024 – Mavie Global’s original Ultron Ponzi scheme has collapsed.