Onyx Lifestyle Review – Legit Investment Opportunity or Scam?
Welcome to my Onyx Lifestyle Review!
This is one of the latest network marketing companies to pop up and I decided to take a look.
Maybe someone approached you about the investment opportunity on social media and you landed here to make sure it’s legit.
The good news is I am going to walk you through the company, products and compensation plan so you can make the right decision.
Onyx Lifestyle Review – The Company
Onyx Lifestyle for some reason doesn’t provide you with any information on the website on who runs or owns the company.
I took a look at the Onyx Lifestyle website “onyxlifestyle.com” and found out it was initially registered 2016.
However, it was available for sale until late 2018.
The domain registration was updated on March 27th, 2019 and it looks like one of the current owner(s) purchased it.
However, it was privately registered…
Now when I checked out the Onyx Lifestyle’s marketing overview document, on page two it names and quotes Clif Braun as a co-founder.
Just to confirm for sure, his LinkedIn profile confirms his status as an Onyx Lifestyle co-founder from February 2019.
In the past, he has promoted Vemma and Wealth Generators which later became Kuvera Global.
Anyway, that’s all I got on the company…
Onyx Lifestyle Reviews – The Products
Onyx Lifestyle ha no retail products or services, but you can become an affiliate and promote their affiliate membership.
Once you get started, you get access to banking services and “luxury lifestyle services”.
They don’t get into this…
Onyx Lifestyle Compensation Plan
Onyx Lifestyle member invest in bitcoin on a promise of a 120% ROI after 12 months.
This is tracked through LQD8 Block positions.
The amount of LQD8 block positions you can have will depend on how much you invested:
- Feature ($299) – Able to invest in up to 100 active LQD8 Block positions, max annual ROI capped at $10,000 and 2% withdrawal fee
- Preferred ($799) – able to invest in up to 250 active LQD8 Block positions, max annual ROI capped at $50,000 and 1.5% withdrawal fee
- Elite ($1499) – Able to invest in up to 500 active LQD8 Block positions, max annual ROI capped at $100,000 and 1% withdrawal fee
- Black ($10,000) – Able to invest in up to 2500 active LQD8 Block positions, max annual ROI capped at $2,000,000 and 0.5% withdrawal fee
- Reserve ($50,000) – Able to invest in up to 10,000 active LQD8 Block positions, no ROI cap or withdrawal fees
Each LQD8 Block position costs $70 in bitcoin and $20 of that goes to the admins.
10% monthly return is paid only on the $50 investment.
Onyx Lifestyle members are paid 15% of the membership fee on personally sponsored members.
Onyx Lifestyle pays residual commissions through a binary compensation plan structure.
This just means you have a left and right leg which can be filled directly or indirectly by team members.
Onyx Lifestyle sums up all the investment volume on both legs every day and pay you 10% on the lesser leg.
Any left over volume is rolled over to the next day.
Affiliate membership volume is 50% of the sales volume membership fee’s.
Also remember, investment volume is calculated $20 for every $70 invested in LQD8 Block positions.
Onyx Lifestyle pays a matching bonus on downline residual commissions which is tracked through a unilevel compensation plan structure.
There are up to seven generations you can get paid per unilevel leg.
One generation is any time there is an Executive or higher ranked person found on that leg.
If there are two, that’s two generations…
If there are three, that’s three generations…
You get the point.
Now for some reason Onyx Lifestyle doesn’t provide any rank qualifications…
Global Bonus Pool
Onyx Lifestyle takes 10% of all the volume generated in the company and puts it in ten different Global Bonus Pools.
Depending on your rank, you will get certain amount of shares.
However, there is no information on this part…
Cost To Join Onyx Lifestyle
Cost to join Onyx Lifestyle will run you $99 or $199 per year depending on where you live.
If you want to be part of the income opportunity, you must drop anywhere between $299 to $50,000 with a $38 per month fee.
LQD8 Block positions can be purchased for $50 on top of everything else.
Onyx Lifestyle Video Summary
So does the Onyx Lifestyle scam exist?
Let’s look at some of the facts…
Leadership isn’t transparent about themselves and I had to do some digging to figure it out…
They are promising ROI’s which is a big no no unless you are registered with the SEC.
At the time of this review, both Onyx Lifestyle and Clif Braun isn’t registered with the SEC.
Now, Onyx Lifestyle does say it generates it’s ROI through micro lending platform.
However, there isn’t and proof of this at all…
Because of that what most likely newly invested funds are paying off existing members.
So this is nothing more than a ponzi and pyramid scheme all bunched together.
Because of that, I do not recommend this company in my opinion.
Anyway, I hope you enjoyed my Onyx Lifestyle review and if you have any questions, feel free to ask in the comments blow…
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