V8 Profit Review: NFT ruse Ponzi with V8 token exit-scam
V8 Profit provides no information about who owns or runs the company.
V8 Profit’s website domain (“v8profit.com”), was privately registered on March 8th, 2022.
Further research reveals off-site V8 Profit marketing naming “Jaime Sol” as CEO:
Jaime Sol doesn’t exist outside of V8 Profit’s marketing. Further research still reveals that’s because Jaime Sol is being played by James Sol:
The vK profile photo above dates back to 2016, well before the launch of V8 Profit so I’m assuming it’s not a plant.
I wasn’t able to find anything further on James Sol.
In any event, vK is the largest social network in Russia. This strongly suggests V8 Profit has ties to Russia.
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.
V8 Profit’s Products
V8 Profit has no retailable products or services.
Affiliates are only able to market V8 Profit affiliate membership itself.
V8 Profit’s Compensation Plan
V8 Profit affiliates invest bitcoin on the promise of advertised returns:
- v40 – invest $40 in bitcoin and receive 0.8% for 250 days or a 300% total ROI is reached
- v100 – invest $100 in bitcoin and receive 0.8% for 250 days or a 300% total ROI is reached
- V300 – invest $300 in bitcoin and receive 0.8% for 250 days or a 300% total ROI is reached
- V500 – invest $500 in bitcoin and receive 0.8% for 250 days or a 300% total ROI is reached
- V1000 – invest $1000 in bitcoin and receive 1% a day for 300 days or a 400% total ROI is reached
- V2000 – invest $2000 in bitcoin and receive 1% a day for 300 days or a 400% total ROI is reached
- v4000 – invest $4000 in bitcoin and receive 1.2% a day for 300 days or a 400% total ROI is reached
- v8000 – invest $8000 in bitcoin and receive 1.2% a day for 300 days or a total 400% ROI is reached
V8 Profit pays returns Monday to Friday.
“Total returns” is the calculation of cumulative daily returns plus MLM commissions.
If the ROI percentage cap is reached, reinvestment is required in order to continue earning.
The MLM side of V8 Profits pays on recruitment of affiliate investors.
V8 Profit Affiliate Ranks
There are seven affiliate ranks within V8 Profit’s compensation plan.
Along with their respective qualification criteria, they are as follows:
- Bronze – generate $1000 in weaker binary team side investment volume
- Silver – generate $3000 in weaker binary team side investment volume
- Gold – generate $10,000 in weaker binary team side investment volume
- Ruby – generate $50,000 in weaker binary team side investment volume
- Diamond – generate $300,000 in weaker binary team side investment volume
- Black Diamond – generate $1,000,000 in weaker binary team side investment volume
- V8 Ambassador – generate $3,000,000 in weaker binary team side investment volume
V8 Profit affiliates receive 10% of bitcoin invested by personally recruited affiliates.
V8 Profit 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 V8 profit tallies up new investment volume on both sides of the binary team.
Affiliates are paid a percentage of new funds invested on their weaker binary team side.
Residual commission percentages are determined by how much a V8 Profit affiliate has invested:
- v40 and v100 tier affiliates receive a 6% residual commission rate
- v300 tier affiliates receive a 7% residual commission rate
- v500 tier affiliates receive an 8% residual commission rate
- v1000 tier affiliates receive a 9% residual commission rate
- v2000 tier affiliates receive a 10% residual commission rate
- v4000 tier affiliates receive an 11% residual commission rate
- v8000 tier affiliates receive a 12% residual commission rate
Note that daily residual commissions are capped at the tier an affiliate has invested at.
Rank Achievement Bonus
V8 Profit rewards affiliates for qualifying at Bronze and higher with the following one-time Rank Achievement Bonuses:
- qualify at Bronze and receive $50
- qualify at Silver and receive $100
- qualify at Gold and receive $250
- qualify at Ruby and receive $1000
- qualify at Diamond and receive $5000
- qualify at Black Diamond and receive $15,000
- qualify at V8 Ambassador and receive $50,000
Joining V8 Profit
V8 Profit affiliate membership is free.
Full participation in the attached income opportunity requires a minimum $40 investment in bitcoin.
All payments in and out of V8 Profit are made in bitcoin, with withdrawals attracting a 5% fee.
V8 Profit Conclusion
V8 Profit represents itself to be “the first multi-investment platform with 100% proprietary technology.”
We work intensively in the NFT’s, Token and trading market.
Beyond the vague statement above, no specifics are provided.
That’s because, like “Jaime Solen”, V8 Profit has nothing to do with NFTs or trading.
V8 Profit is your classic Boris CEO Ponzi. I’m putting down us not getting the usual amusing marketing videos to the ongoing war in Ukraine.
In any event, the only verifiable source of revenue entering V8 Profit is new investment.
Using new investment to fund affiliate withdrawals makes V8 Profit a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve V8 Profit of ROI revenue, eventually prompting a collapse.
Although there’s no mention of it on its website, off-site V8 Profit marketing references a “V8 Token”.
The introduction of V8 Token, if at all, will signal V8 Profit is on its way to collapse.
Likely to be first offered as an alternative withdrawal method, when it inevitably becomes time to exit-scam, withdrawals will be restricted to V8 Tokens only.
Cue eventual shutting down of the Ponzi scheme and sorry for your loss.
Again, this is on the assumption V8 Token is actually launched. The scammers behind V8 Profit could just as easily exit-scam without launching it.
Either way, the math behind Ponzi schemes guarantees the majority of investors lose money.