IX Wallet Review – Legit MLM Opportunity or Huge Scam?
Welcome to my IX Wallet Review!
Whether someone has already approached you about this company or this is the first time you’ve seen the name, you are probably here for the same reason…
And that is to learn more about this company.
Researching and learning as much as you can before joining a new company is one of the most important things you can do….so I’m glad you’re here!
In my review, I will talk about the company’s background, products, compensation plan, and cost to join.
IX Wallet Review – The Company
IX Wallet belongs within the cryptocurrency MLM niche.
The company says that it has a team that works out the USA, China and Israel.
At the head of IX Wallet is Yang Li, Sergey Storojuk and William Clark.
I found very little information regarding any of the above individuals.
IX Wallet Reviews – The Products
IX Wallet does not have any retail products or services to buy or sell.
Affiliates can only market the IX Wallet affiliate membership.
The IX Wallet Compensation Plan
To participate in the attached compensation plan, IX Wallet affiliates are required to invest bitcoin, bitcoin cash and/or ethereum for the following returns:
- Cat 1 – Invest 0.15 to 0.1 BTC, 0.25 to 1.75 BCH or 0.5 to 3 ETH and receive a 9% monthly ROI
- Cat 2 – Invest 0.1 to 0.5 BTC, 1.75 to 8.5 BCH or 3 to 15 ETH and receive a 12% monthly ROI
- Cat 3 – Invest 0.5 to 1.85 BTC, 8.5 to 33.5 BCH or 15 to 60 ETH and receive a 15% monthly ROI
- Cat 4 – Invest at least 1.85 BTC, 33.5 BCH or 60 ETH and receive an 18% monthly ROI
IX Wallet investments are converted into IX tokens, which are then sold to affiliates at an unknown internal value.
The company also bases and pays monthly returns in IX tokens.
Referral commissions are tracked and paid through a unilevel compensation structure.
A unilevel compensation structure puts an affiliate at the top of a unilevel team that places every personally sponsored affiliate right under them on level 1.
When level 1 affiliates sponsor new affiliates, they are put on the 2nd level of the original affiliate’s unilevel team.
When level 2 affiliates sponsor new affiliates, they are put on the 3rd level, and this continues on down as many levels as are needed.
Referral commissions are paid across the unilevel team like this:
- Rank I – Maintain a minimum 0.03 BTC, 0.5 BCH or 1 ETH investment amount and earn 100% on level 1 and 10% on levels 2 to 10
- Rank II – Generate $125,000 in total unilevel team investment volume and earn 100% on level 1, 10% on levels 2 to 10 and 6% from level 11
- Rank III – Generate $250,000 in total unilevel team investment volume and earn 100% on level 1, 10% on levels 2 to 10 and 10% from level 11
- Rank IV – Have at least two Rank III affiliates in levels 1 and/or 2 of your unilevel team and earn 100% on level 1, 10% on levels 2 to 10 and 14% from level 11
- Rank V – Have at least two Rank IV affiliates in levels 1 and/or 2 of your unilevel team and earn 100% on level 1, 10% on levels 2 to 10 and 18% from level 11
Cost to Join IX Wallet
The cost to join IX Wallet as an affiliate is free, but to fully participate in the MLM it will require an investment of at least 0.15 BTC, 0.25 BCH or 0.5 ETH investment.
Verdict on IX Wallet
Okay, let’s get to the final verdict…
Like many other companies with similar business models, IX Wallet claims that it generates external revenue through an arbitrage bot…
Unfortunately, the company fails to provide any evidence of any such bot…
So, if that’s not the case, then this company is offering a passive income…
Which means it would need to be registered with the proper financial regulators…
Which again, no evidence of any registration exists…
So, what is likely happening is the company is using new investment to pay ROI to existing affiliates…
And so, when the higher ups decide it’s time to cash out, the withdrawals will exceed incoming investment, which will lead to the collapse of the company.
So, my advice is to maybe skip this one and keep looking!
Thanks for reading my IX Wallet review! Feel free to leave a comment or question down below…
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