X-Binary Review: 3% daily cryptocurrency trading ROIs?
X-Binary provide no information on their website about who owns or runs the business.
The X-Binary website domain (“x-binary.com”) was privately registered on September 20th, 2016.
A UK incorporation number for “X-Binary LTD” is provided on the X-Binary website. According to UK Companies House records, X-Binary LTD was incorporated September 21st, 2016.
X-Binary was incorporated using a residential address in the Surbiton area of London, UK.
Ellis Dunn is listed as the sole Director of the company, with another residential address in Surbiton provided.
No information on Ellis Dunn exists outside of X-Binary’s incorporation information.
Given a UK incorporation costs about £20 GBP and requires nothing more than a rented mailing address, it’s highly likely that Ellis Dunn doesn’t exist.
Alexa currently estimates that 52% of traffic to the X-Binary website originates out of Japan. Italy is the second largest source of traffic at 10%.
This strongly suggests that whoever is running X-Binary is likely actually based out of Japan.
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.
X-Binary has no retailable products or services, with affiliates only able to market X-Binary affiliate membership itself.
The X-Binary Compensation Plan
X-Binary affiliates invest a minimum of $10 on the promise of a daily 3% ROI.
How long the daily ROI is paid out for is determined by how much an X-Binary affiliate invests for:
- XB-Trial – invest $10 or more and receive a 3% daily ROI for 60 days
- XB-Pro – invest $100 or more and receive a 3% daily ROI for 80 days
- XB-Master – invest $1000 or more and receive a 3% daily ROI for 100 days
Referral commissions on invested funds are paid out 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.
X-Binary cap payable unilevel levels at ten.
How much of a referral commissions is paid out is determined by what level of the unilevel team funds are invested on.
- level 1 (personally recruited affiliates) – 10%
- levels 2 to 5 – 1%
- levels 6 to 10 – 0.5%
X-Binary affiliate membership is tied to a minimum $10 investment.
The ruse behind X-Binary’s daily 3% ROI is “cryptocurrency trading”.
X-Binary is one of the most innovative and most profitable asset management companies, and it generates highly profitable returns.
X-Binary is dedicated to a focus on generating profits exclusively from Cryptocurrency trading.
Naturally the company provides no evidence of cryptocurrency trading taking place, or it being tied to daily ROI payouts.
Furthermore X-Binary doesn’t pass the Ponzi logic test.
If the anonymous owners behind the company were able to legitimately generate a 3% daily ROI, why would they need to solicit investment funds from affiliates?
3% a day is 1095% annually. Even a small bank loan compounded would turn into a fortune over time.
The reality behind X-Binary’s business model is that newly invested funds are being used to pay off existing investors.
This makes X-Binary a Ponzi scheme, subject to collapse once affiliate recruitment drops off.
As with all Ponzi schemes, the inevitable collapse will see the majority of X-Binary affiliates lose money.