Overdome fails to supply possession or govt info on its web site.
In reality as I write this, Overdome’s web site is nothing greater than an affiliate log in button.
Overdome’s web site area (“overdome.web”), was privately registered on November eleventh, 2023.
Additional analysis reveals Overdome advertising citing “Kemal Altun” as Normal Director.
I wasn’t capable of finding something additional on Altun. Whether or not he really exists is unclear.
Whereas who’s operating Overdome is unclear, some names we will connect to the corporate by way of their advertising are Mac-Elly Deslances and Alain Miheret.
Each Deslances and Miheret are cited as Overdome’s VP of Gross sales.
Deslances and Miheret are French former promoters of the Verse Community Ponzi scheme.
Verse Community, a derivative of the collapsed Mainet Ponzi scheme, itself collapsed in October 2023.
Primarily based on this timeline, it seems Overdome is a derivative of Verse Community. Each Verse Community and Overdome are based mostly out of Dubai.
If Verse Community house owners Joseph Paillant and Brice van den Bussche are behind Overdome, this info is being hidden.
Different names we will connect to Overdome embrace Sal Khan:
Bryan Nguyen (Vietnam):
Pavel Rocas (Romania):
And Iuliana Enache and Lumu Kabasele:
Early promoters of Overdome all look like Verse Community scammers.
Because of the proliferation of scams and failure to implement securities fraud regulation, BehindMLM ranks Dubai because the MLM crime capital of the world.
BehindMLM’s tips for Dubai are:
- If somebody lives in Dubai and approaches you about an MLM alternative, they’re attempting to rip-off you.
- If an MLM firm relies out of or represents it has ties to Dubai, it’s a rip-off.
If you wish to know particularly how this is applicable to Overdome, learn on for a full overview.
Overdome’s Merchandise
Overdome has no retailable services or products.
Associates are solely in a position to market Overdome affiliate membership itself.
Overdome’s Compensation Plan
Overdome associates make investments $50 to $100,000 in tether (USDT).
That is performed on the promise of a 300% ROI, paid at as much as 1% a day Monday by way of Friday.
The MLM facet over Overdome pays on recruitment of affiliate traders.
Overdome Affiliate Ranks
There are ten affiliate ranks inside Overdome’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Affiliate – enroll as an Overdome affiliate
- Promoter – generate $1000 in downline funding quantity
- Marketer – generate $3000 in downline funding quantity
- Distributor – generate $25,000 in downline funding quantity
- Affiliate – generate $50,000 in downline funding quantity
- Diamond – generate $100,000 in downline funding quantity
- Double Diamond – generate $500,000 in downline funding quantity
- Crown Diamond – generate $1,000,000 in downline funding quantity
- Royal Diamond – generate $3,000,000 in downline funding quantity
- World Diamond – generate $10,000,000 in downline funding quantity
Notice that not more than 50% of required downline funding quantity can come from anyone recruitment leg.
Referral Commissions
Overdome pays referral commissions on USDT invested by personally recruited associates.
Overdome determines referral fee charges based mostly on rank:
- Associates obtain a 4% referral fee charge
- Promoters obtain a 5% referral fee charge
- Entrepreneurs obtain a 7% referral fee charge
- Distributors obtain a 9% referral fee charge
- Associates obtain a ten.5% referral fee charge
- Diamonds obtain a 12% referral fee charge
- Double Diamonds obtain a 13% referral fee charge
- Crown Diamonds obtain a 14.5% referral fee charge
- Royal Diamonds obtain a 15% referral fee charge
- World Diamonds obtain a 15.5% referral fee charge
Notice that Overdome’s referral commissions are coded. Which means 15.5% is paid out on each new funding.
If the referring Overdome affiliate isn’t World Diamond, they’re paid their rank referral charge with the remaining handed as much as larger ranked associates.
Rank Achievement Bonus
Overdome pays a one-time Rank Achievement Bonus when associates qualify at Promoter or larger.
- qualify at Promoter and obtain $500
- qualify at Marketer and obtain $150
- qualify at Distributor and obtain $1000
- qualify at Affiliate and obtain $2000
- qualify at Diamond and obtain $5000
- qualify at Double Diamond and obtain $20,000
- qualify at Crown Diamond and obtain $50,000
- qualify at Royal Diamond and obtain $150,000
- qualify at World Diamond and obtain $500,000
Becoming a member of Overdome
Overdome affiliate membership is free.
Full participation within the connected revenue alternative requires a minimal $50 funding in USDT.
Overdome Conclusion
Overdome’s ruse is identical as Verse Community – cryptocurrency buying and selling.
There’s additionally some nonsense a couple of crypto recreation:
We will put Overdome’s recreation apart because it has nothing to do with their MLM alternative. With respect to crypto buying and selling, Overdome fails to supply proof it pays withdrawals with exterior income of any variety.
Overdome’s providing of a passive each day return constitutes a securities providing. This requires Overdome to register with regulators and periodically file audited monetary reviews.
Overdome fails to supply proof it has registered with monetary regulators in any jurisdiction.
Which means, at a minimal, Overdome is committing securities fraud and working illegally.
Because it stands, the one verifiable income getting into Overdome is new funding.
Utilizing new funding to pay affiliate withdrawals would make Overdome a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This can starve Overdome of ROI income, finally prompting a collapse.
The mathematics behind Ponzi schemes ensures that once they collapse, nearly all of contributors lose cash.
For examples of this in motion, look no additional than Verse Community and Mainnet.