eXer VIP Club Review – Legit Company or Huge Scam? Find Out Here…
Welcome to my eXeR VIP Club Review!
So, if this is your first venture into this MLM niche, get ready, you’re in for a ride!
Or maybe you have been involved with the MLM world for years, so you know choosing the right company to join is always a very important decision to make.
A decision such as this should not be made without first doing your research.
My blog review will help you with this crucial choice by providing you with everything you need to know about the company, the products and the compensation plan.
First, let’s get into the company background!
eXeR VIP Club Review – The Company
When you take a look at the company website online, you will see that the company didn’t post anything regarding the owners or operators of the company.
After some digging around, I was able to find that the eXeR VIP Club website domain was registered privately as “exervipclub.com” on the 31st of May in 2017.
There is a picture on the company website that points to eXeR Canaplus Ltd. being its parent company.
On the company website, there is a certificate presented that implies that eXeR Canaplus Ltd. was incorporated in the British Virgin Islands on the 28th of December in 2017.
The company and eXeR Canaplus Ltd. operate as separate entities.
The website domain for eXeR Canaplus Ltd. was registered on the 2nd of November in 2017.
With an address located in Moors, Liechtenstein, the owner is identified as Daniel Pasetti, of Fides Invest AG.
Fides Invest AG is said to be the “financing sister company” of eXeR Canaplus Ltd.
Pasetti also is the owner of “CanaPower KLG,” which was incorporated in Switzerland on the 5th of October in 2017.
From the incorporation information presented, Pasetti and Radovan Dokic seem to be working together.
Pasetti’s full name is Daniel Dragan Lorenz Antunes, and supposedly Dokic is a Serbian citizen.
From what I have gathered, it seems that Pasetti and Dokic are the owners and operators of the company.
Two other names popped up as possible partners, namely Dennies Pettersson and Hans Pettersson.
It is stated on the pair’s individual Facebook profiles that they are making moves for the company, Dennies Petterson saying he’s the “Business Development Executive” and Hans claims to be a “Business Developer” for the company.
eXeR VIP Club Reviews – The Products
eXeR VIP Club doesn’t have any services or products for affiliates to purchase for personal use or to sell for retail purposes.
But anyone wanting to sign up as an affiliate with eXeR VIP Club can market the company affiliate membership.
The eXeR VIP Club Compensation Plan
Affiliates looking to take part in the company compensation plan are required to sign up and invest into the company.
Company affiliates are to invest in Viridi coin points with the agreement of a promoted “guaranteed” rate of ROI at 300%, with a 36-month running time period:
Q: How much will I earn on an investment in Viridi Coins?
A: Guaranteed 3 times the invested capital, over the running period of 36 months.
The Viridi coin points are sold to company affiliates for 0.1 EUR per point and these points are pre-generated by the company’s administrators before distribution.
- 250 EUR package = 2500 Viridi coin points and a 750 EUR ROI
- 500 EUR package = 5000 Viridi coin points and a 1500 EUR ROI
- 1000 EUR package = 10,000 Viridi coin points and a 3000 EUR ROI
- 2500 EUR package = 25,000 Viridi coin points and a 7500 EUR ROI
- 5000 EUR package = 50,000 Viridi coin points and a 15,000 EUR ROI
- 10,000 EUR package = 100,000 Viridi coin points and a 30,000 EUR ROI
- 25,000 EUR package = 250,000 Viridi coin points and a 75,000 EUR ROI
- 50,000 EUR package = 500,000 Viridi coin points and a 150,000 EUR ROI
These Viridi coin points hold no value outside of the company.
The company has a 499 EUR sign-up fee for affiliates who join the company.
The sign-up fee is considered commissionable by the company, where sponsoring commissions are paid out through a unilevel compensation model.
The unilevel compensation model puts an affiliate at the top of a unilevel team that places any personally sponsored affiliate on level 1 right underneath the original affiliate.
When a level 1 affiliate sponsors new affiliates, they are then put onto level 2 of the original affiliate’s unilevel team.
When a level 2 affiliate sponsors new affiliates, they are then placed onto level 3, and levels continue to be created like this down a hypothetical never ending amount of levels.
Payable unilevel levels are capped at Level 3, where sponsorship commissions that are paid out among those 3 levels will be as per the following:
- Level 1 (personally sponsored affiliates) – 40%
- Level 2 – 15%
- Level 3 – 15%
The company offers affiliates a separate mining investment opportunity.
We mine the currency that is best at any given time, as a user you don’t notice any difference.
Also, on personal mining positions with the 20% ROI earned month to month, company affiliates will additionally be paid when investments are made in mining positions from sponsored affiliates.
The company uses a unilevel compensation model to pay out mining position referral commissions to its affiliates (the same model used for sponsorship commission, as shown above).
Although sponsorship commissions are capped at level 3, payable unilevel levels are paid down to level 5 of sponsorship, for mining investment position referral commissions, where commissions that are paid out among those 5 levels will be as per the following:
- Level 1 (personally sponsored affiliates) – 15%
- Level 2 – 10%
- Level 3 – 5%
- Level 4 – 3%
- Level 5 – 2%
Details for ROIs earned for mining positions are unclear.
The company claims the mining offered to affiliates is “totally free & [with] no start fee”.
There isn’t any further specific information given by the company.
Crypto School Commissions
The company retails two options, a 99 EUR online or a 250 EUR for a live classroom event, for basic cryptocurrency information to company affiliates.
Company affiliates can earn commissions on the fees collected, which will be paid in the same unilevel manner as sponsorship commissions shown above:
- Level 1 (personally sponsored affiliates) – 40%
- Level 2 – 15%
- Level 3 – 5%
From the affiliate memebership fees, the company takes 5% and puts that into the company’s Diamond Pool fund.
The Diamond Pool will be paid out 2 times in a year, and it is for affiliates who have sponsored 25 paid affiliates into the company.
Company affiliates can also partake in a company-run bitcoin lottery.
In the lottery, the cost of a tickets is 0.001 BTC and the company cap ticket purchases at 1000 tickets per lottery draw.
The lottery winner will get 75% of the pooled prize offered.
The leftover 25% of the lottery prize pool will be handed out “among other winners” by the company.
Cost To Join eXeR VIP Club
The cost to join eXeR VIP as an affiliate includes a 499 EUR membership.
Although, there is a free membership, but those affiliates with the free membership can only earn mining position commissions on referrals.
NOTE: All payments within the company seem to be made in bitcoin (and the mining would be paid in the coin being mined by the company).
Verdict of eXeR VIP
Spectacularly done readers, you’ve made it to the end of my review, all that’s left to be said here is my final verdict on the company based on the research I’ve done on the company…
And from that, I can say that I do not think this company is 100% legit and here’s why…
From the first moment you hit the website, you will get a bold statement posted up online:
“Invest in Viridi! Guaranteed dividend of 3 times the invested capital!”
Certainly, easy to say, but what happens when they have to pay up?
The company eXeR Canaplus Ltd. puts on a front, where they claim to have an external revenue source, where they are retailing medical marijuana to customers based out in Switzerland.
But the website activity for the company is not presently found.
So, a company that makes claims of retail with retail traffic coming through is basically a failed company, because no sales equals no profits a.k.a. no external revenue.
This will make new affiliate investments the only real source of money coming into the company, and this would make the company fall into the category of a Ponzi points scam.
The running time period mentioned of 36 months to wait for your ROI to roll in is a lot of time for the company to take your money and run before you even knew what happened, while feeding you the ROI owed in between to make it all seem legit.
Most online Ponzi scams will go bust in 24 months, so 36 months will be more than enough ‘get away’ time for those in charge of this scam.
Then there is the mining component this company is offering, but just remember, “nothing in this life is free,” so keep that in mind whenever someone offers you a freebie.
What they are installing on your computer for free will most likely let them freely access your computer at home, choosing to do whatever they want without your consent.
And also there is an additional concern of every computer running the company’s software possibly being compromised at some point by DDOS botnets.
Ponzi scams usually work like this: the administrators hand out the valueless tokens/coins for real money given to them by investors, and the owners will stash away the money that was just given to them.
When new investors start to slow down, and the ROI payments owed to affiliates start to make it necessary for the owners to touch the stash they have built up, this will be their cue to come up with some lame excuse and run away with the money.
So those who invested are now left with the valueless altcoin and are unable to recover any of their money back.
My advice? Be careful with this company as you are likely to lose your investment…
I hope you enjoyed my eXeR VIP review and if you have any questions, please leave them in the comments below…
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