JokerX fails to offer possession or govt data on its web site.
The truth is, as I write this, all you are able to do on JokerX’s web site is enroll or log in as an affiliate. The remainder of the location is disabled.
Over on FaceBook we discover Michael Sander referring to JokerX as his “personal firm”.
Again within the day Sander (aka Michi Sander), ran the pro-scam publication Obtainer On-line.
BehindMLM first got here throughout Sander (proper) after Obtainer On-line ran a puff-piece on ViziNova scammer Renato Rodriguez.
Previous to Vizinova’s launch in 2014, BehindMLM had been intently following Rodriguez’s participation in WCM777.
Each Vizinova and WCM777 have been MLM Ponzi schemes.
ViziNova noticed Sander migrate from simply supporting scams in Obtainer On-line, to helping Rodriguez launch Vizinova.
Sander (proper) signed on as Vizinova’s “Chief Guide”.
ViziNova has engaged OBTAINER’s founder Michael Sander, who as chief marketing consultant has developed the corporate construction and the set-ups.
In April 2014 Sander described Vizinova as
a enterprise idea that’s coherent, clear and worthwhile.
ViziNova isn’t a Ponzi scheme or a pyramid system as a result of from the very outset Renato Rodriguez and Gutemberg dos Santos are demonstrating transparency.
As Vizinova started to break down in early 2015, Sander distanced himself from the Ponzi scheme.
In March 2017 the SEC revealed it had charged Renato Rodriguez and Gutemberg Dos Santos with fraud, alleging Vizinova to be a $5 million greenback Ponzi scheme.
Rodriguez and Gutemberg settled the SEC’s prices.
They’d proceed to defraud shoppers via AirBit Membership, resulting in their respective arrests and indictments in 2020.
Earlier this yr Rodriguez was sentenced to 12 years in jail. Dos Santos acquired simply over three years.
One other Ponzi scheme Sander supported via Obtainer On-line was Bonofa.
Bonofa’s house owners have been arrested in Germany in Could 2016. A month later what was left of the Ponzi scheme was fed into OneCoin.
BehindMLM final got here throughout Sander via Baccarat Staking in 2021.
Baccarat Staking was a playing themed Ponzi scheme that collapsed in March 2022. A Baccarat Academy reboot was introduced however doesn’t seem to have gone anyplace.
After his playing Ponzi schemes Sander resurrected Massive Boy Money, an alias he created in or round 2017.
In Could 2022, a couple of months after Baccarat Staking collapsed, Sander paid Snoop Dogg an look payment and put out a music video.
I do know artwork is subjective however I believe we are able to all agree “Billionaire Money” is actually terrible.
Sander resides in Las Vegas, Nevada, from which is varied schemes are operated from.
As at all times, if an MLM firm isn’t brazenly upfront about who’s working or owns it, suppose lengthy and onerous about becoming a member of and/or handing over any cash.
JokerX’s Merchandise
JokerX has no retailable services or products.
Associates are solely in a position to market JokerX affiliate membership itself.
As soon as signed up, JokerX associates buy NFTs to take part within the connected MLM alternative.
There are a number of NFT tiers inside JokerX, growing in value throughout every tier.
At time of publication JokerX has not disclosed how a lot its NFTs value.
JokerX’s Compensation Plan
JokerX’s compensation plan is pushed by NFT gross sales to recruited associates.
JokerX Affiliate Ranks
There are six affiliate ranks inside JokerX’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Gallery Guardian
- Community Navigator
- Tech Trailblazer
- Luxurious Luminary
- Magnificence Elite
- Visionary Vanguard
Observe that at time of publication JokerX don’t present rank qualification standards.
Referral Commissions
JokerX associates earn a ten% fee on gross sales to personally recruited associates.
Matching Bonus
When a JokerX affiliate earns their first referral fee, the affiliate who recruited them earns a 100% match on the fee.
Residual Commissions
JokerX pays a 5% fee on gross sales made by personally recruited associates.
Though not explicitly clarified, I consider this stacks with the Matching Bonus.
Bonus Swimming pools
JokerX takes 6% of company-wide income and locations it into three smaller bonus swimming pools.
Together with their respective qualification standards, these swimming pools are as follows:
- Michi Sander Pool (2.5%) – one share per 9 NFTs bought (bought NFTs should be CAT 3 or larger)
- Massive Boy Money Pool (2.5%) – qualify for one share by promoting twenty-five NFTs and recruiting ten associates who qualify for the Michi Sander Pool (bought NFTs should be CAT 4 or larger)
- Fortune Rise Pool (1%) – qualify for one share by promoting fifty NFTs and recruiting twenty-five associates who qualify for the Massive Boy Money Pool (bought NFTs should be CAT 4 or larger)
Rank Achievement Bonus
JokerX rewards associates who qualify at Gallery Guardian and better with the next one-time Rank Achievement Bonuses:
- qualify at Gallery Guardian and obtain $1000
- qualify at Community Navigator and obtain $2000
- qualify at Tech Trailblazer and obtain $5000
- qualify at Luxurious Luminary and obtain $15,000
- qualify at Magnificence Elite and obtain $35,000
- qualify at Visionary Vanguard and obtain $100,000
Becoming a member of JokerX
JokerX affiliate membership is free.
Full participation is connected to the acquisition of a minimum of one NFT.
Observe that at time of publication JokerX doesn’t disclose how a lot its NFTs value.
JokerX Conclusion
JokerX is a fast cash-grab for Michael Sander.
The NFT hyper prepare has lengthy come and gone, with the area of interest on the whole dying in early 2023. It’s not unreasonable to state all the NFT “trade” has just about collapsed.
To that finish the NFTs inside JokerX don’t actually matter. They’re only a car to fund commissions, paid out via a easy pyramid scheme.
You enroll, pay a payment, a few of which matches to Sander and whoever recruited you, and that payment qualifies you to earn on these you recruit who do the identical.
When recruitment stops so too do commissions, resulting in JokerX’s inevitable collapse.
Math ensures that when a pyramid scheme collapses, nearly all of individuals lose cash.