TradeTribe operates within the MLM cryptocurrency area of interest.
TradeTribe’s web site area (“tradetribe.xyz”), was privately registered on April 4th, 2024.
Heading up TradeTribe we now have co-founders “Dealer Jake”, Brian Rhodes, Tim Waider and David Mercado.
BehindMLM got here throughout the Jake –> Rhodes –> Waider trio final 12 months because the faces of Capitalium.
Brian Rhodes is a US nationwide and serial promoter of MLM crypto Ponzi schemes. Initially from the Missouri, Rhodes has since relocated to the Dominican Republic.
BehindMLM first got here throughout Rhodes in 2022 as a promoter of Biman Das’ FastBNB Ponzi scheme.
After FastBNB collapsed we bumped into Rhodes once more with Easymatic and QunoMine. Different collapsed MLM Ponzi schemes Rhodes has promoted embody CoinMarketBull, Vortic United and InvesableAI.
Tim Waider, from Ukraine, made a reputation for himself in One World Community earlier than becoming a member of Complete Life Modifications in 2020.
By April 2021 Waider was selling MLM crypto Ponzi schemes like EtherConnect on YouTube:
Since then MLM Ponzi schemes Waider has promoted embody Nimbus Platform, FastBNB, BitMonsters and InvesableAI.
Prior analysis into Capitalium led me to imagine Grasp Dealer Jake was from Hungary. Sadly I wasn’t in a position to pin down his precise identify.
A Twitter publish from earlier this 12 months from Waider suggests “Grasp Dealer Jake” is from Croatia.
Tradixis is one more collapsed MLM crypto Ponzi scheme that Waider and “Grasp Dealer Jake” had been connected to.
Australian authorities issued a Tradixis securities fraud warning on July fifth, 2024.
TradeTribe promoters are additionally citing “Grasp Dealer Jake” as a “Croatian dealer”:
Previous to presenting himself as Capitalium’s Grasp Dealer, Jake was flogging 1529% annual returns by means of JetBot.
David Mercado is one other US nationwide.
I wasn’t in a position to affirm Mercado’s involvement in Capitalium. Circa 2016 although, Mercado was selling United Video games. It appears someday after that Mercado obtained concerned in MLM crypto fraud.
Capitalium went on to break down a couple of months after launch in September 2023. Following a short reboot as NewCo in March 2024…
…TradeTribe was launched the next month in April.
Learn on for a full overview of TradeTribe’s MLM alternative.
TradeTribe’s Merchandise
TradeTribe has no retailable services or products.
Associates are solely in a position to market TradeTribe affiliate membership itself.
TradeTribe’s Compensation Plan
TradeTribe associates make investments tether (USDT). That is completed on the promise of marketed passive returns:
- Primary – make investments 500 USDT or extra and obtain 10% a month
- Premium – make investments 5000 USDT or extra and obtain 15% a month
If a TradeTribe affiliate pays 250 USDT for a “VIP Bundle”, the above ROI charges are elevated by 5%.
The MLM aspect of TradeTribe pays on recruitment of affiliate buyers.
Referral Commissions
TradeTribe pays referral commissions by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel workforce, with each personally recruited affiliate positioned instantly beneath them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel workforce.
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.
TradeTribe caps payable unilevel workforce ranges at 5.
Referral commissions are paid as a share of USDT invested throughout these 5 ranges as follows:
- stage 1 (personally recruited associates) – 8%
- stage 2 – 6%
- stage 3 – 3%
- stage 4 – 2%
- stage 5 – 1%
VIP Bundle Commissions
If a TradeTribe affiliate pays 250 USDT they qualify for increased returns.
TradeTribe makes use of 250 USDT VIP Bundle funds to pay commissions utilizing the identical five-level deep unilevel workforce referral commissions are paid by means of (see “Referral Commissions” above).
ROI Match
TradeTribe pays a ROI Match on passive returns paid to downline associates.
TradeTribe’s ROI Match is paid out utilizing the identical five-level deep unilevel workforce referral commissions are paid by means of (see “Referral Commissions” above).
Becoming a member of TradeTribe
TradeTribe affiliate membership is free.
Full participation within the connected revenue alternative requires a minimal 500 USDT funding.
A further 250 USDT payment provides a 5% bonus to month-to-month passive returns.
TradeTribe Conclusion
TradeTriber pitches customers on passive returns of as much as 20% a month, purportedly generated by way of “Grasp Dealer Jake’s” buying and selling efforts.
Your first MLM due-diligence pink flag is “Grasp Dealer Jake” hiding behind a pseudonym.
Your second MLM due-diligence pink flag is TradeTribe committing securities and commodities fraud.
Two of TradeTribe’s co-founders are US nationals. Within the US securities are regulated by the SEC. Commodities buying and selling is regulated by the CFTC.
As per the Howey Check, TradeTribe’s enterprise mannequin constitutes a an funding contract:
- TradeTribe associates make investments funds with the corporate (a “frequent enterprise”);
- that is completed on the promise of as much as 20% a month (“an affordable expectation of income”); and
- stated income are purportedly generated by means of the efforts of “Grasp Dealer Jake” (“the efforts of others)
TradeTribe’s funding alternative being an funding contract constitutes a securities providing.
Registration with the CFTC or equal nationwide regulator is required because of “Grasp Commerce Jake” purportedly producing returns by way of buying and selling.
A search of the SEC’s Edgar database reveals TradeTribe and its co-founders usually are not registered. Neither is TradeTribe or its co-founders registered with the CFTC.
As of June 2024, SimilarWeb tracked 100% of TradeTribe’s web site from Austria. Securities in Austria are regulated by the FMA.
TradeTribe fails to supply proof it has registered with the FMA. Thus, at a minimal, TradeTribe is committing verifiable securities and commodities fraud.
The SEC warns customers that securities fraud and Ponzi schemes go hand-in-hand. With no verifiable supply of exterior income, it’s extremely in all probability TradeTribe is solely recycling invested funds to pay ROI withdrawals.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
It will starve TradeTribe of ROI income, finally prompting a collapse.
The mathematics behind Ponzi schemes ensures that once they collapse, the vast majority of members lose cash.
Look no additional than Capitalium’s collapse to see this course of in motion.