Veelive has surfaced as a by-product of Harald Seiz’s failed Minebase Ponzi scheme.
Earlier than we get to Veelive although, we have to have a look at the place MineBase is at.
MineBase emerged in mid 2022 as a Karatbars Worldwide restoration rip-off fronted by Russians. BehindMLM reviewed MineBase in June 2023, confirming it was simply one other MLM crypto Ponzi.
Seiz’s involvement in MineBase has remained shadowy. As a substitute of fronting Minebase himself, Seiz has hidden behind AI generated avatars.
The unique MineBase Ponzi was constructed round MBASE tokens. MBASE has since collapsed and been deserted.
In February 2024 Minebase introduced new XON token packages. XON was arrange by itself area (“xoncoin.com”), privately registered on December thirtieth, 2023.
As of July 2024, XON web site visitors is simply too low for SimilarWeb to trace. MineBase can be useless, sitting at ~7600 month-to-month visits (77% of which originates from Russia and Ukraine).
Though MineBase’s web site continues to be up, for all intents and functions it has collapsed. MineBase deserted its official Telegram channel and Twitter profile in February and March 2024 respectively.
This brings us to Veelive.
Veelive operates from the area “veelive.internet”, privately registered on April twenty second, 2024 (i.e. a few month after MineBase was deserted).
Veelive presents itself as a “social media metaverse platform”.
That’s to say, Veelive is your typical MLM crypto metaverse AI NFT grift Ponzi.
Take part within the Veelive financial system by way of Metaverse Inventory Tokens (MST). Earn annual dividends and a share of the general metaverse income by holding MSTs.
Because the authentic MST launch, Veelive has launched VLT and VimeTokens. And, as of August twenty third, MineBase’s failed XON token has been relaunched.
I don’t see an MLM element to Veelive, however there’s each “partnership” and “influencer” choices.
By Veelive, anybody with a social media following is given the chance to steal cash from their followers by way of a curated crypto rip-off.
Model Companions recruit influencers and get a minimize of what they steal.
Heading up Veelive now we have CEO Yana Seiz.
Yana has been with Harold Seiz since not less than 2020 they usually have not less than one youngster collectively.
It’s unclear whether or not Seiz met Yana earlier than or after he fled Europe for Thailand.
What is evident is Seiz is straight concerned in Veelive.
Like MineBase’s and XON’s web sites, SimilarWeb is monitoring Veelive web site visitors as useless. Such to the extent anybody has invested, they’re prone to be Russians and Ukrainians rusted on from MineBase.
Yana being from Ukraine probably accounts for recruitment there. There may be additionally a big Russian group in Thailand to construct from.
Not anticipating any vital updates, aside from maybe MineBase’s web site disappearing sooner or later. Pending something additional occurring with Veelive, we’ll preserve you posted.