Velimon Review: $5 six-tier 4×1 matrix Ponzi cycler
Velimon provides no information on its website about who owns or runs the business.
The Velimon website domain (“velimon.racing”) was privately registered on March 25th, 2018.
A marketing video on the Velimon website features a man with a distinct African accent, suggesting whoever is behind Velimon likely also has ties to Africa.
At the time of publication, Alexa estimates that the US is the largest source of traffic to the Velimon website (30%).
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.
Velimon Products
Velimon has no retailable products or services, with affiliates only able to market Velimon affiliate membership itself.
The Velimon Compensation Plan
Velimon affiliates purchase $5 position sin a six-tier 4×1 matrix cycler.
A 4×1 matrix is simple in nature, requiring only four positions to be filled before a “cycle” is triggered.
Positions in the matrix are filled via subsequent $5 investments made by newly recruited and existing Velimon affiliates.
Once all four positions are filled, the position at the top of the matrix “cycles” into the next tier.
Velimon state that each $5 position that cycles through all six tiers will generate a $5465 ROI.
A 50 cent referral commission is also made on each position invested by personally recruited affiliates.
Note that all Velimon affiliates are capped from withdrawing up to $1000 a day.
Joining Velimon
Velimon affiliate membership is free.
Full participation in the MLM opportunity however requires a minimum $5 cycler position purchase.
Conclusion
The first thing visitors to the Velimon website are presented with is this:
When you buy a $5 position, you can earn $5465 in just a few days!
Logic dictates that anyone capable of legitimately generating a 109,300% ROI in “just a few days”, isn’t going to be sharing it with you for just $5.
With no external source of revenue, Velimon simply recycle newly invested funds to pay off existing investors. Such is the nature of the cycler Ponzi model.
New funds are primarily sourced from new recruits, with existing affiliates typically only reinvesting a token amount (a few will play on with “house money” once cycled).
Once affiliate recruitment slows down, Velimon’s cyclers will begin to stall.
This will trap invested funds in the system, with Velimon eventually collapsing once enough cyclers have stalled.
Can I get a refund?
No. We don’t issue refunds.
At that point Velimon’s anonymous owners make off with what’s left, leaving the majority of investors with a loss.