Social Boosters fails to supply possession or govt data on its web site.
Social Boosters’ web site area (“socialboosters.internet”), was privately registered on August thirteenth, 2024.
A “prelaunch” video was uploaded to Social Boosters’ official YouTube channel on October twenty sixth, 2024. Within the video we be taught Joel Gomez is CEO the corporate:
Why this data isn’t disclosed on Social Boosters’ web site is unclear.
In accordance with his LinkedIn profile Gomez is a resident of Ontario, Canada:
Gomez doesn’t seem to have any MLM expertise. Previous to Social Boosters Gomez was Advertising and marketing Director for Evulus.
Evulus markets itself as a crypto trade primarily based out of the Dominican Republic. In actuality Evulus is a “staking” mannequin Ponzi constructed round its evulus token (EVU).
Right here’s how that’s going:
Evidently someday in 2024 Gomez got here to phrases Evulus wasn’t going anyplace and moved on.
As at all times, if an MLM firm will not be brazenly upfront about who’s working or owns it, suppose lengthy and laborious about becoming a member of and/or handing over any cash.
Social Boosters’ Merchandise
Social Boosters has no retailable services or products.
Associates are solely in a position to market Social Boosters affiliate membership itself.
Social Boosters’ Compensation Plan
Social Boosters associates make investments $15 to $1000 in cryptocurrency.
That is accomplished on the promise of marketed returns:
- Starter – make investments $15 and obtain a 170% ROI
- Rising – make investments $100 and obtain a 200% ROI
- Skilled – make investments $1000 and obtain a 230% ROI
The MLM aspect of Social Boosters pays on recruitment of affiliate buyers.
Social Boosters’ Affiliate Ranks
There are eight affiliate ranks inside Social Boosters’ compensation plan.
Together with their respective qualification standards, they’re as follows:
- Fundamental – join as a Social Boosters affiliate and make investments at the least $100
- Novato – make investments at the least $120 and generate $1000 in weaker binary group aspect quantity
- King – make investments at the least $300 and generate $3000 in weaker binary group aspect quantity
- Icon – make investments at the least $600 and generate $6000 in weaker binary group aspect quantity
- Star – make investments at the least $1000 and generate $10,000 in weaker binary group aspect quantity
- Sensation – make investments at the least $5000 and generate $50,000 in weaker binary group aspect quantity
- Setter – make investments at the least $10,000 and generate $100,000 in weaker binary group aspect quantity
- Vendor – make investments at the least $25,000 and generate $200,000 in weaker binary group aspect quantity
Referral Commissions
Social Boosters pays referral commissions by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel group, 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 group.
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.
Social Boosters caps payable unilevel group ranges at 4.
Referral commissions are paid as a proportion of funds invested throughout these 4 ranges as follows:
- stage 1 (personally recruited associates) – 5%
- stage 2 (should make investments at the least $15 to unlock) – 8%
- stage 3 (should make investments at the least $60 and recruit two affiliate buyers to unlock) – 5%
- stage 4 (should make investments at the least $600 and recruit three affiliate buyers to unlock) – 2%
Residual Commissions
Social Boosters pays residual commissions by way of a binary compensation construction.
A binary compensation construction locations an affiliate on the prime of a binary group, break up into two sides (left and proper):
The primary stage of the binary group homes two positions. The second stage of the binary group is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary group are generated as required, with every new stage housing twice as many positions because the earlier stage.
Positions within the binary group are stuffed by way of direct and oblique recruitment of associates. Observe there isn’t a restrict to how deep a binary group can develop.
On the finish of every day Social Boosters tallies up new funding quantity on either side of the binary group.
Residual commissions are paid as 5% to 10% of recent funding generated on the weaker binary group aspect, primarily based on rank:
- Fundamental and Novato ranked associates earn a 5% residual fee fee
- King by Setter ranked associates earn an 8% residual fee fee
- Vendor ranked associates earn a ten% residual fee fee
Rank Achievement Bonus
Social Boosters rewards associates for qualifying at Novato and better with the next one-time Rank Achievement Bonuses:
- qualify at Novato and obtain a $50 reward card
- qualify at King and obtain a $150 reward card
- qualify at Icon and obtain a $300 reward card
- qualify at Star and obtain a $500 reward card plus Apple Airpods
- qualify at Sensation and obtain a $1000 reward card and Apple iPad
- qualify at Setter and obtain a $5000 reward card plus Apple iPhone
- qualify at Vendor and obtain a $10,000 reward card plus “plaque or ring”
Becoming a member of Social Boosters
Social Boosters affiliate membership prices between $15 to $1000:
- Starter – $15
- Rising – $100
- Skilled – $1000
The extra a Social Boosters affiliate spends the upper their revenue potential.
Observe that whereas USD quantities are said, all transactions inside Social Boosters are made in cryptocurrency.
Social Boosters Conclusion
Social Boosters’ advertising ruse is an admitted mixture of recycling new funding and purported social media manipulation clients.
We’ll get into the social media manipulation however recycling new funding of any form makes Social Boosters a Ponzi scheme.
Social Boosters’ social media manipulation ruse sees it promise to artificially increase social media accounts. This may be by likes, views and normal engagement.
Placing apart this exercise violates the TOS of each social media platform, Social Boosters fails to supply verifiable proof this aspect of the enterprise even exists.
Moreover, if it did exist, why would Social Boosters then have to have associates make investments?
Social Boosters additionally fails to supply proof it has registered its 170% to 230% passive returns funding scheme with monetary regulators.
Which means, at a minimal, social boosters is committing securities fraud. That is on prime of the confirmed “recycle invested funds” Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This wills tarve Social Boosters of ROI income, finally prompting a collapse.
The mathematics behind Ponzi schemes ensures that once they collapse, nearly all of individuals lose cash.