Wire8 fails to supply possession or government data on its web site.
In actual fact as I write this, Wire8’s web site is nothing extra an affiliate enroll or register kind.
Wire8’s web site area (“wire8.com”), was first registered in 2012. The non-public registration was final up to date on October 2nd, 2023.
Via the Wayback Machine we are able to decide Wire8’s present web site went dwell in direction of the top of October. This implies whoever is working Wire8 bought the area on or round October 2nd.
Over on YouTube we have now a December third a video a Wired8 advertising and marketing video in Filipino:
One identify we are able to definitively tie to Wire8 is Romeo Ganit.
Ganit popped up on BehindMLM’s radar earlier this 12 months via the LedgerBlock Ponzi scheme.
The CEO of LedgerBlock was Paul Sykes, a former worker of Blockworq.
Blockworq was a “Malaysian based mostly Blockchain options supplier.” Coinciding with LedgerBlock’s Could 2023 collapse, immediately Blockworq’s web site is inaccessible.
However, in June 2023 Romeo Ganit represented Blockworq at a cryptobro circlejerk held in Malaysia.
I’m not 100% certain on this however I imagine Ganit is a Philippine nationwide dwelling in Malaysia.
As of November 2023, SimilarWeb tracked prime sources of Wire8 web site site visitors as Malaysia (70%) and New Zealand (30%).
As all the time, if an MLM firm is just not overtly upfront about who’s working or owns it, assume lengthy and laborious about becoming a member of and/or handing over any cash.
Wire8’s Merchandise
Wire8 has no retailable services or products.
Associates are solely in a position to market Wire8 affiliate membership itself.
Wire8’s Compensation Plan
Wire8 associates make investments tether (USDT). That is completed on the promise of marketed returns:
- make investments 10 to 490 USDT and obtain 0.8% a day
- make investments 500 to 1990 USDT and obtain 0.9% a day
- make investments 2000 to 4990 USDT and obtain 1% a day
- make investments 5000 to 9990 USDT and obtain 1.1% a day
- make investments 10,000 or extra USDT and obtain 1.2% a day
There doesn’t look like any restrict to Wire8’s funding plans.
The MLM aspect of Wire8 pays on recruitment of affiliate buyers.
Wire8 Affiliate Ranks
There are seven affiliate ranks inside Wire8’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- W0 – enroll as a Wire8 affiliate
- W1 – recruit three associates and generate at the least 30,000 USDT in downline funding quantity
- W2 – have two W1 or increased ranked associates in two separate recruitment legs
- W3 – have two W2 or increased ranked associates in two separate recruitment legs
- W4 – have two W3 or increased ranked associates in two separate recruitment legs
- W5 – have two W4 or increased ranked associates in two separate recruitment legs
- W6 – have two W5 or increased ranked associates in two separate recruitment legs
Referral Commissions
Wire8 pays referral commissions through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel crew, with each personally recruited affiliate positioned straight underneath them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel crew.
If any stage 2 associates recruit new associates, they’re positioned on stage 3 and so forth and so forth down a theoretical infinite variety of ranges.
Wire8 caps referral commissions at 5 unilevel crew ranges.
What number of ranges referral commissions are paid out on is set by rank:
- W1 to W3 ranked associates earn 2% on stage 1 (personally recruited associates)
- W4 ranked associates earn 2% on ranges 1 and a pair of
- W5 ranked associates earn 2% on ranges 1 to three
- W6 ranked associates earn 2% on ranges 1 to five
Matching Bonus
Wire8 pays a Matching Bonus on returns paid to downline associates.
- W1 ranked associates earn a 25% match
- W2 ranked associates earn a 30% match
- W3 ranked associates earn a 35% match
- W4 ranked associates earn a 40% match
- W5 ranked associates earn a forty five% match
- W6 ranked associates earn a 50% match
Word it’s unclear whether or not the Matching Bonus is paid on all downline associates or solely personally recruited associates.
Withdrawal Bonus
Wire8 fees associates a 5% withdrawal price.
This price is used to pay the Withdrawal Bonus down twenty unilevel crew ranges.
Specifics of the Withdrawal Bonus will not be offered.
Becoming a member of Wire8
Wire8 affiliate membership is free.
Full participation within the connected revenue alternative requires a minimal 10 USDT funding.
Wire8 Conclusion
Wire8 seems to be one other Ponzi scheme from the identical Blockworq scammers that ran LedgerBlock.
LedgerBlock pitched day by day returns of 0.7% to three%. Wire8 is extra of the identical at 0.8% to 1.2% a day.
The ruse behind LedgerBlock was some “metaverse staking” nonsense. Wire8 doesn’t even trouble to current a ruse on its web site.
Outdoors of its fraudulent funding scheme, the remainder of Wire8’s compensation plan is a pyramid scheme (no retail gross sales).
LedgerTech’s inevitable collapse resulted in widespread shopper losses. The identical will occur once more when Wire8 additionally inevitably collapses.