Again in late 2021 BehindMLM revealed its WinWheel evaluation.
WinWheel was basically a reboot of the collapsed Algotech Ponzi scheme, fronted by a number of former prime OneCoin Ponzi promoters.
WinWheel provided buyers passive returns by way of node positions, tied to the corporate Join.
It is a abstract conclusion from BehindMLM’s WinWheel evaluation;
To summarize, WinWheel is a Ponzi scheme with ties to Join, an unknown blockchain firm representing it’s primarily based out of the US.
Each firms are run by and/or promoted by serial-scammers, with enterprise fashions showing to be deliberately convoluted in order to confuse folks.
WinWheel collapsed shortly after launch however Join rebranded as Join United and continued to defraud buyers.
I made a notice of this in BehindMLM’s WinWheel evaluation. Lately although a reader reached out requesting a standalone Join United evaluation.
Having confirmed Join United’s providing was MLM and never only a clone of WinWheel, right now we’re publishing a separate Join United evaluation as requested.
Though it was very a lot created by a person or people, Join United fails to supply possession or government info on its web site.
A go to to Join United’s web site redirects to an affiliate log in kind:
Again in 2021 I famous Utah resident Stephen Michael Miller was the face of Join.
As of Might 2024, Miller’s LinkedIn profile cites him as COO of Join since 2018 and President as of July 2020.
Earlier than stepping into MLM crypto fraud, Miller had a historical past in real-estate.
As at all times, if an MLM firm shouldn’t be overtly upfront about who’s operating or owns it, assume lengthy and exhausting about becoming a member of and/or handing over any cash.
Join United’s Merchandise
Join United has no retailable services or products.
Associates are solely in a position to market Join United affiliate membership itself.
Join United’s Compensation Plan
Join United associates spend money on “win nodes” and “swap node” positions.
- a win node funding place prices $2000 yearly
- a swap node funding place prices $8900 yearly
That is performed on the promise of a variable each day passive return.
Be aware that though Join United’s compensation plan makes use of USD, the corporate warns “rewards are paid out in USD equal, NOT paid in USD”.
Join United pays returns and commissions in its personal WIN token.
The MLM facet of Join United pays on recruitment of affiliate buyers.
Join United Affiliate Ranks
There are 4 ranks inside Join United’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Droid – enroll as a Join United and spend money on a win node place
- BlockBot – recruit 5 associates who’ve invested in a win node place and have earned $10,000 in commissions over the previous 12 months
- BlockBot5 – have a BlockBot or larger ranked affiliate in 5 separate recruitment legs
- BlockBot10 – have a BlockBot5 or larger ranked affiliate in 5 separate recruitment legs
- BlockBot20 – have a BlockBot10 or larger ranked affiliate in 5 separate recruitment legs
Referral Commissions
Join United pays referral commissions on invested funds down two ranges of recruitment (unilevel):
- 10% on stage 1 (personally recruited associates)
- 5% on stage 2
BlockBot and better ranked associates obtain a bonus 10% on stage 1.
Becoming a member of Join United
Join United affiliate membership is free.
Full participation within the hooked up earnings alternative requires a:
- $2000 win node funding or
- $8900 swap node funding
Be aware that these quantities are as quoted by Join United of their advertising and marketing materials. Dwell pricing nevertheless seems to be variable and primarily based on no matter quantity Join United seems like charging.
Be aware that after quoted, Join United advises funding prices are “locked in place for half-hour. ”
Join United solicits funding in USD (bank cards), tether (USDT), USD Coin (USDC) and its personal WIN token.
Join United Conclusion
WinWheel’s easy funding scheme was buried in a pile of crypto jargon and pseudo-compliance. Join United is just about the identical.
Stripping away the crypto jargon and pseudo-compliance leaves us with a fairly primary funding scheme.
Join United associates enroll, spend money on “node positions” and obtain a passive return. Commissions are paid on recruitment of buyers who do the identical.
Regardless of being primarily based out of the US and primarily servicing US residents (as of April 2024 SimilarWeb tracked 84% of Join United’s web site originating from the US), neither Join United or Stephen Miller are registered with the SEC.
Make no mistake, no quantity of pseudo-compliance and crypto jargon adjustments the truth that, as per the Howey Check, Join United’s node place funding scheme is a securities providing.
Join United associates make investments with the corporate (a standard enterprise), on the expectation of income (there isn’t a different purpose to take a position), with stated income derived from the efforts of others (Join United’s node returns are paid passively).
Failure to register with the SEC sees COnnect United and Stephen Miller commit securities fraud.
On the cash facet of issues, Join United seems to be laundering funds by way of Swap Pay.
Swap Pay operates from the area “switchpay.co”, solely lately privately registered on February twentieth, 2024.
Shell firms cites on Swap Pay’s web site embrace Fortress Belief LLC, Ibanera LLC and Swap Reward Card DAO LLC. No particular details about these firms is offered.
In what is probably going an try to cover Swap Pay’s affiliation with Join United and its fraudulent funding scheme, investments by way of Swap Pay are dressed up as NFT purchases:
Because it stands, the one verifiable income getting into Join United is new funding.
The proceeds from all transactions accomplished by way of Join are distributed in line with the Win Blockchain Distribution Algorithm.
Using new funding to pay ROI withdrawals would make Join United a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This may starve Join United of ROI income, ultimately prompting a collapse.