Whizz Network Review: WZT Ponzi points scheme
Whizz Network operates in the gambling MLM niche. The company provides a corporate address in the UK on its website.
Given Whizz Network’s marketing encompasses “blockchain-based games”, NFTs, a “blockchain lottery and “metaverse”, it should be noted that the FCA banned MLM crypto investment schemes on October 8th, 2023.
Such to the extent Whizz Network has any actual ties to the UK, it would appear to be operating illegally.
Whizz Network’s marketing materials cite Mark Davis as CEO of the company.
BehindMLM recently came across Davis as CEO of AladdinBot, an AI trading bot ruse Ponzi scheme.
Not really sure what the story is there.
Davis, believed to be an Australian national, claims he’s currently in Bali, Indonesia.
BehindMLM first came across Davis in AI Trade Ponzi marketing videos, circa 2018.
Davis worked in AI Trade with RV Palafox. The pair would go on to launch PGI Global in 2020.
PGI Global was an MLM an MLM crypto Ponzi scheme pitching 200% returns. It’s collapse in 2021 is believed to have resulted in millions of dollars in consumer losses.
In October 2021 BehindMLM confirmed a US criminal investigation into PGI Global. Since then however there have been no further updates.
RV Palafox, believed to hold dual US and Philippine citizenship, has not been seen in public since PGI Global’s collapse. Mark Davis appears to have fled Australia for Indonesia.
Whether RV Palafox is involved in Whizz Network is unclear.
Read on for a full review of Whizz Network’s MLM opportunity.
Whizz Network’s Compensation Plan
Whizz Network has no retailable products or services.
Affiliates are only able to market Whizz Network affiliate membership itself.
Whizz Network’s Products
Whizz Network affiliates invest tether into WZT Ponzi points (1 USDT = 1 WZT). This is done on the promise of a passive 18% to 36% monthly ROI.
There are sixteen Whizz Network investment tiers:
- Plan 100 – 100 WZT
- Plan250 – 250 WZT
- Plan500 – 500 WZT
- Plan1000 – 1000 WZT
- Plan2500 – 2500 WZT
- Plan5K – 5000 WZT
- Plan10K – 10,000 WZT
- Plan15K – 15,000 WZT
- Plan25K – 25,000 WZT
- Plan35K – 35,000 WZT
- Plan50K – 50,000 WZT
- Plan100K – 100,000 WZT
- Plan 150K – 150,000 WZT
- Plan250K – 250,000 WZT
- Plan500K – 500,000 WZT
- Plan1000K – 1,000,000 WZT
Returns are paid for 12 months. Note that Whizz Network don’t specify what the internal WZT conversion rate is.
The MLM side of Whizz Network pays on recruitment of affiliate investors.
Whizz Network Affiliate Ranks
There are twenty-two affiliate ranks within Whizz Network’s compensation plan.
Along with their respective qualification criteria, they are as follows:
- W1 – sign up as a Whizz Network affiliate and invest at least 100 WZT
- W2 – invest at least 250 WZT and generate at least 1200 WZT in total downline investment volume
- W3 – invest at least 500 WZT and generate at least 2500 WZT in total downline investment volume
- W4 – maintain a minimum 500 WZT investment and generate at least 4000 WZT in total downline investment volume
- W5 – invest at least 1000 WZT and generate at least 6000 WZT in total downline investment volume
- W6 – maintain a minimum 1000 WZT investment and generate at least 9,000 WZT in total downline investment volume
- W7 – maintain a minimum 1000 WZT investment, generate 2000 WZT in personally recruited affiliate investment volume and 12,000 WZT in total downline investment volume
- W8 – invest at least 2500 WZT, generate 2000 WZT in personally recruited affiliate investment volume and 15,000 WZT in total downline investment volume
- W9 – maintain a minimum 2500 WZT investment, generate 3000 WZT in personally recruited affiliate investment volume and 24,000 WZT in total downline investment volume
- W10 – maintain a minimum 2500 WZT investment, generate 4000 WZT in personally recruited affiliate investment volume and 50,000 WZT in total downline investment volume (max 30,000 WZT in your largest recruitment leg)
- W11 – invest at least 5000 WZT, generate 7500 WZT in personally recruited affiliate investment volume and 80,000 WZT in total downline investment volume (max 55,000 WZT in your largest recruitment leg)
- W12 – maintain a minimum 5000 WZT investment, generate 10,000 WZT in personally recruited affiliate investment volume and 100,000 WZT in total downline investment volume (max 65,000 WZT in your largest recruitment leg)
- W13 – invest at least 10,000 WZT, generate 12,500 WZT in personally recruited affiliate investment volume and 150,000 WZT in total downline investment volume (max 90,000 WZT in your largest recruitment leg)
- W14 – maintain a minimum 10,000 WZT investment, generate 17,500 WZT in personally recruited affiliate investment volume and 175,000 WZT in total downline investment volume (max 330,000 WZT in your largest recruitment leg)
- W15 – invest at least 15,000 WZT, generate 30,000 WZT in personally recruited affiliate investment volume and 550,000 WZT in total downline investment volume (max 250,000 WZT in your largest recruitment leg)
- W16 – maintain a minimum 15,000 WZT investment, generate 50,000 WZT in personally recruited affiliate investment volume and 175,000 WZT in total downline investment volume (max 330,000 WZT in your largest recruitment leg)
- W17 – invest at least 25,000 WZT, generate 75,000 WZT in personally recruited affiliate investment volume and 1,300,000 WZT in total downline investment volume (max 500,000 WZT in your largest recruitment leg)
- W18 – maintain a minimum 25,000 WZT investment, generate 100,000 WZT in personally recruited affiliate investment volume and 1,700,000 WZT in total downline investment volume (max 700,000 WZT in your largest recruitment leg)
- W19 – invest at least 35,000 WZT, generate 125,000 WZT in personally recruited affiliate investment volume and 3,000,000 WZT in total downline investment volume (max 1,000,000 WZT in your largest recruitment leg)
- W20 – invest at least 50,000 WZT, generate 150,000 WZT in personally recruited affiliate investment volume and 4,500,000 WZT in total downline investment volume (max 1,500,000 WZT in your largest recruitment leg)
- W21 – maintain a minimum 50,000 WZT investment, generate 200,000 WZT in personally recruited affiliate investment volume and 7,500,000 WZT in total downline investment volume (max 2,500,000 WZT in your largest recruitment leg)
- W22 – invest at least 100,000 WZT, generate 300,000 WZT in personally recruited affiliate investment volume and 11,850,000 WZT in total downline investment volume (max 2,700,000 WZT in your largest recruitment leg)
Referral Commissions
Whizz Network affiliates earn a 5% referral commission on funds invested by personally recruited affiliates.
Fast Start Bonus
The Fast Start Bonus is a recruitment bonus, active over a Whizz Network affiliate’s first fourteen days.
- generate 5000 WZT in personally recruited affiliate investment volume = 250 WZT bonus
- generate 10,000 WZT in personally recruited affiliate investment volume = 500 WZT bonus
- generate 25,000 WZT in personally recruited affiliate investment volume = 2500 WZT bonus
- generate 50,000 WZT in personally recruited affiliate investment volume = 5000 WZT bonus
Residual Commissions
Whizz Network 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 week Whizz Network tallies up new investment volume on both sides of the binary team.
Residual commissions are paid as a percentage of investment generated on their weaker binary team side:
- W1 to W4 ranked affiliates receive a 6% residual commission rate
- W5 to W7 ranked affiliates receive a 7% residual commission rate
- W8 to W10 ranked affiliates receive an 8% residual commission rate
- W11 to W14 ranked affiliates receive a 9% residual commission rate
- W15 to W16 ranked affiliates receive a 10% residual commission rate
- W17 to W19 ranked affiliates receive an 11% residual commission rate
- W20 to W21 ranked affiliates receive a 12% residual commission rate
- W22 ranked affiliates receive a 13% residual commission rate
Note that residual commissions are capped at 400% of invested WZT each week.
Matching Bonus
Whizz Network pays a Matching Bonus on residual commissions earned by downline affiliates.
The Matching Bonus is paid down three levels of recruitment (unilevel), based on a Whizz Network affiliate’s rank:
- W9 to W13 ranked affiliates receive a 5% match on level 1 (personally recruited affiliates)
- W14 to W17 ranked affiliates receive a 5% match on level 1 and 3% on level 2
- W18 and higher ranked affiliates receive a 5% match on level 1, 3% on level 2 and 2% on level 3
Rank Achievement Bonus
Whizz Network rewards affiliates for qualifying at W2 and higher with the following one-time Rank Achievement Bonuses:
- qualify at W2 and receive 50 WZT
- qualify at W3 and receive 100 WZT
- qualify at W4 and receive 150 WZT
- qualify at W5 and receive 200 WZT
- qualify at W6 and receive 250 WZT
- qualify at W7 and receive 300 WZT
- qualify at W8 and receive 400 WZT
- qualify at W9 and receive 500 WZT
- qualify at W10 and receive 750 WZT
- qualify at W11 and receive 1000 WZT
- qualify at W12 and receive 1500 WZT
- qualify at W13 and receive 2500 WZT
- qualify at W14 and receive 4000 WZT
- qualify at W15 and receive 6000 WZT
- qualify at W16 and receive 10,000 WZT
- qualify at W17 and receive 15,000 WZT
- qualify at W18 and receive 20,000 WZT
- qualify at W19 and receive 30,000 WZT
- qualify at W20 and receive 45,000 WZT
- qualify at W21 and receive 75,000 WZT
- qualify at W22 and receive 140,000 WZT
Sharing Bonus
Whizz Network takes 3% of company-wide invested funds and places them into three smaller bonus pools.
- W20 ranked affiliates receive a share in a 0.5% pool
- W21 ranked affiliates receive a share in a 1% pool
- W22 ranked affiliates receive a share in a 1.5% pool
Joining Whizz Network
Whizz Network affiliate membership is free.
Full participation in the attached income opportunity requires a minimum 100 USDT investment in 100 WZT.
Whizz Network Conclusion
Whizz Network represents it generates external revenue via online gaming and “advanced digital technology companies”
Whizz Network is a company specialized in promotion and information support of online casino, gambling, gaming and advanced digital technology companies.
Our mission is to provide effective player acquisition tools for online casinos and create a unique ecosystem for private investors to generate high income in the growing online gambling market.
No evidence of Whizz Network generating external revenue of any kind is provided.
We’ve already discussed Whizz Network operating illegally in the UK. Additionally, the company is running an obvious Ponzi points scheme.
WZT hold no value outside of Whizz Network itself. Affiliates invest tether, which is converted into WZT. Monthly returns are paid in WZT, which Whizz Network generates on demand.
Cashing out accumulated WZT is possible only as long as there is invested tether to still withdraw.
Once withdrawals inevitably exceed new investment, Whizz Network will head towards a typical Ponzi collapse.
Whizz Network originally launched on October 15th.
The original iteration of the Ponzi scheme last until October 28th, wherein a “maintenance” exit-scam was initiated.
We are forced to inform you that at the moment the company’s servers are under scheduled technical works.
Our digital infrastructure has faced the most powerful DDos-attack in its entire existence, which led to failures in the work of the company’s services, including personal account.
The last November 8th update from Whizz Network suggests a reboot is imminent;
In the near future you will see significant positive changes in the activities of our company.
In the meantime, it appears the majority of initial Whizz Network affiliate investors have lost money.