Obtanix Review – Legit Company or Just Another Scam? Find Out Here…
Welcome to my Obtanix Review!
I have been seeing some online buzz about this company lately, so it’s time for another review!
Whenever you are thinking about joining a new online company, it is always best to thoroughly research it beforehand.
You work hard for your money, and you want to be sure that you are investing it into the right business.
So, how can you do this?
Read whatever you can find about the company!
This review will help you do that by providing you with information about the company, the products and the compensation plan.
Let’s dig in!
Obtanix Review – The Company
Obtanix is part of the MLM niche and list Alvey Gomer as their CEO.
I wasn’t able to find any information about Alvey Gomer on the Obtanix website or on any third-party websites.
The Obtanix website domain was registered as “obtanix.com” on the 19th of August, 2016, and was recently updated on the 10th of March, 2017.
Darin Hadwin of Obtanix Holdings APS is identified as the owner of the domain and lists an address in Copenhagen, Denmark.
The only connection between Hadwin and Obtanix is the domain registration; there is no online third-party information about Hadwin available.
Online traffic estimates list 2 sources of traffic to the Obtanix website: India and Bangladesh.
This past June, Obtanix listed a job offer on Upwork along with the company’s location, which was cited as Jakarta, Indonesia.
It is likely that whoever is running Obtanix is from India or Indonesia.
Before we keep going, make sure you check out my blog on best mlm companies.
Obtanix Reviews – The Products
Obtanix does not offer any retail products or services.
Affiliates who join Obtanix can only market the affiliate membership.
The Obtanix Compensation Plan
Obtanix affiliates who want to participate in the company compensation plan must invest funds into the company for a weekly ROI of 2.5% to 5% for 75 weeks (187.5% to 375%).
It should be noted that affiliates are required to reinvest 50% of ROI withdrawals back into the company.
Obtanix affiliates also earn xen points when they invest:
- Basic – Invest $100 and receive 1 xen
- Starter – Invest $500 and receive 5 xens
- Advance – Invest $2500 and receive 28 xens
- Premium – Invest $10,000 and receive 120 xens
Obtanix affiliates also earn income when they sponsor new affiliates.
Recruitment commissions are coded and paid out at 10% of funds invested.
The amount an Obtanix affiliate earns per affiliate sponsored depends on how much they have invested themselves:
- Sponsor a Basic affiliate and receive 5%
- Sponsor a Starter affiliate and receive 7%
- Sponsor an Advance affiliate and receive 8%
- Sponsor a Premium affiliate and receive 10%
Any percentages leftover that are generated by Basic, Starter and Advance affiliates are passed up and paid out to upline affiliates who have invested more.
The leftover percentage difference is passed up and paid out until 10% of funds invested by each newly sponsored affiliate is paid out.
Residual commissions are tracked and paid through a binary compensation structure.
This type of compensation structure puts an affiliate at the top of a binary team that splits into a left and right side.
Level 1 of the binary team holds 2 positions and level 2 is created by adding another two positions under each of the first two positions, for a total of 4 positions.
Additional binary team levels are created as needed, with every new level holding twice as many positions as the level before it.
Binary team positions are filled by direct and indirect sponsorship of affiliates, with no limit as to how deep the binary team can grow.
Obtanix counts up new investment volume of each side of the binary team at the end of every day.
When $100 is matched on both sides of the binary team, an affiliate earns $10.
There is a cap placed on daily residual earnings that is based on the amount the affiliate has invested:
- Basic affiliates can earn up to $100
- Starter affiliates can earn up to $500
- Advance affiliates can earn up to $1000
- Premium affiliates can earn up to $2500
Any funds that are unmatched on the stronger side of the binary team are carried over to the next day.
Cost To Join Obtanix
The cost to join Obtanix as an affiliate is an investment in 1 of 4 offered packages:
- Basic – $100
- Starter – $500
- Advance – $2500
- Premium – $10,000
Verdict on Obtanix
This company claims that they are generating ROIs from cryptocurrency mining and trading…
However, there is no actual proof that any mining or trading is taking place…
And if the owners of the company were able to produce such high ROIs, why would they need strangers to invest in their company?
Without new investment from new affiliates, there would be no income coming in…
The only way this company is producing ROIs is by using new affiliate investment to pay off existing affiliates…
So when recruitment slows down or stop altogether, there will be no income flow…
And the company will no longer be able to meet their ROI promises…
So, if you are thinking of joining this company, join at your own risk…
I hope you enjoyed my Obtanix review and if you have any questions, please leave them in the comments below…
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