Upnomix Review: $300 in, $600 or $1800 out Ponzi scheme
Upnomix fails to provide information about who owns or runs the company on its website.
Upnomix’s website domain (“upnomix.com”) was privately registered on January 24th, 2021.
Upnomix provides two corporate addresses on its website; one in Costa Rica and one in South Africa.
The Costa Rica address is a virtual office owned by Regus. The South Africa address belongs to an unrelated clothing company.
As to where Upnomix is actually being operated from, Alexa currently ranks India as the only notable source of traffic to Upnomix’s website (45%).
Upnomix’s official Facebook page is also operated from India.
Thus is appears whoever is running Upnonix is based out of India.
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.
Upnomix has no retailable products or services, with affiliates only able to market Upnomix affiliate membership itself.
Upnomix’s Compensation Plan
Upnomix affiliates invest $300 on the promise of an advertised 200% ROI.
Alternatively if an Upnomix affiliate earns a combined $1800 from commissions and ROI payments, but has received less than $600 in ROI payments, their investment position expires regardless.
At this point reinvestment is required to continue earning.
The MLM side of Upnomix’s compensation plan pays on investment by recruited affiliates.
Matrix Cycler Commissions
Each Upnomix $300 investment purchases a matrix cycler position.
Uponomix’s cycler consists of two 2×3 matrices, named Player’s Board and Winner’s Board respectively.
A 2×3 matrix places an Upnomix affiliate at the top of a matrix, with two positions directly under them:
These two positions form the first level of the matrix. The second level of the matrix is generated by splitting these first two positions into another two positions each (4 positions).
Level three of the matrix is generated in the same manner and houses eight positions, for a total of twelve fourteen positions across the matrix.
When a new $300 position is invested in, an Upnomix affiliate is given a position on the Player’s Board.
Positions on the board are filled via subsequent $300 investments.
Once all fourteen positions in the matrix are filled, a $600 commission is paid out and the position cycles onto the Winner’s Board.
The Winner’s Board functions the same as the Player’s Board. Positions across a Winner’s Board matrix are filled as investment positions cycle out of the Player’s Board.
When all fourteen positions in a Winner’s Board matrix are filled, $10,000 is paid out. The affiliate also receives a new Winner’s Board position.
Note that to qualify for payment at the Winner’s Board tier, an Upnomix affiliate must recruit two affiliates who have each had one position cycle out of the Player’s Board tier.
If this requirement is not met and an Upnomix affiliate cycles out of a Winner’s Board, they forfeit the $10,000 commission.
When an Upnomix affiliate cycles out of their first Player’s Board (see “Matrix Cycler Commissions” above), they qualify for residual commissions.
Upnomix 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.
Upnomix’s compensation plan suggests residual commissions are paid as a 5% of earnings on the weaker binary team side.
Residual commissions are calculated and paid weekly. Once paid on, earnings are matched against the stronger binary team side and flushed.
Any leftover volume on the stronger binary team side carries over.
Note that Upnomix applies daily, weekly and monthly residual commissions earning caps.
Each Upnomix affiliate can only earn
- $1000 a day;
- $7000 a week; and/or
- $30,000 a month
Note that these caps only apply to residual commissions.
Rank Achievement Bonus
There are eight affiliate ranks within Upnomix’s compensation plan.
Note that Upnomix fail to provide rank qualification in their compensation documentation.
Nonetheless, upon qualifying at any of the ranks, the following Rank Achievement Bonuses are awarded:
- Diamond – receive an Apple iPad
- Black Diamond – receive a “Europe trip”
- Platinum – receive a Rolex watch
- Diplomat – receive a “Harley Davidson top model”
- Presidential – receive a Mercedes Benz Maybach
- Ambassador – receive a Lamborghini Huracan
- Crown Ambassador – receive $3 million and a Rolls Royce Ghost
- Legend – receive $10 million and a “luxury mansion”
Upnomix affiliate membership is tied to an initial $300 investment.
Note that continued investment in $300 positions is required subject to earnings (see compensation plan details above).
Upnomix represents it generates external revenue via a “Global Investment Arm” (GIA).
The GIA is the master arm of company’s worldwide casino
operations and generates profitability for the organisation.
The profits are evenly distributed amongst the company’s shareholders and associates who contribute to the GIA’s investment growth.
No evidence of Upnomix’s GIA exists. Nor is there any other verifiable source of external revenue.
The only verifiable source of revenue entering Upnomix is $300 investments, which fund the company’s compensation plan.
It should be obvious that a percentage of these $300 investments are also recycled to pay returns, making Upnomix a Ponzi pyramid hybrid.
There also appears to be plans to introduce an Upnomix token:
First 25,000 members will be airdropped complimentary tokens, as a gift of loyalty that will be valid for placing bets and cashing winnings at Upnomix Central.
This will likely factor in when Upnomix’s anonymous admins realize their scam is on the road to collapse.
One final note is that the photos that appear on Upnomix’s website are all stolen from social media.
One photo, that Upnomix uses for a testimonial profile, also appears on a website for NBH Finance:
Like Upnomix, NBH Finance is a Ponzi scheme. It is likely that both scams are being run by the same scammers out of India.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve Upnomix of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.