Niolic fails to supply verifiable possession or govt data on its web site.
Niolic presents its CEO as “John Lamb”:
Lamb doesn’t exist exterior of Niolic’s personal advertising and marketing. It’s because Lamb is represented by an AI-generated avatar.
Whereas the avatar may be based mostly off an precise individual, evaluation of Niolic advertising and marketing movies that includes Lamb reveal janky actions and an AI robodub.
Different introduced Niolic executives are additionally AI-generated avatars.
One other purple flag is Niolic presenting a authorized tackle within the Isle of Man. There’s no legit motive for an MLM firm to have something to do with the Isle of Man.
Niolic’s offered UK “workplace” tackle is a random skyscraper that doesn’t seem to have something to do with the corporate.
Niolic’s web site area (“niolic.com”), was privately registered on July eleventh, 2024.
As all the time, if an MLM firm is just not brazenly upfront about who’s operating or owns it, suppose lengthy and arduous about becoming a member of and/or handing over any cash.
Niolic’s Merchandise
Niolic has no retailable services or products.
Associates are solely in a position to market Niolic affiliate membership itself.
Niolic’s Compensation Plan
Niolic associates make investments USD equivalents in cryptocurrency.
That is executed on the promise of marketed each day returns, paid out over 100 days:
- make investments $25 to $100 and obtain 0.5% a day
- make investments $100 to $1000 and obtain 0.7% a day
- make investments $1000 to $5000 and obtain 1.6% a day
- make investments $5000 to $10,000 and obtain 2% a day
- make investments $10,000 to $25,000 and obtain 2.3% a day
- make investments $25,000 to $50,000 and obtain 3.5% a day
- make investments $50,000 to $100,000 and obtain 4% a day
- make investments $100,000 to $150,000 and obtain 4.5% a day
- make investments $150,000 to $200,000 and obtain 5% a day
- make investments $200,000 to $250,000 and obtain 5.5% a day
- make investments $250,000 and obtain 6% a day
Niolic pays referral commissions on invested cryptocurrency by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel crew, 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 crew.
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.
Niolic caps payable unilevel crew ranges at 5.
Referral commissions are paid as a proportion of cryptocurrency invested throughout these 5 ranges as follows:
- stage 1 (personally recruited associates) – 8%
- stage 2 – 5%
- stage 3 – 3%
- stage 4 – 2%
- stage 5 – 1%
Becoming a member of Niolic
Niolic affiliate membership is free.
Full participation within the hooked up revenue alternative requires a minimal $25 funding.
Niolic solicits funding in numerous cryptocurrencies.
Niolic Conclusion
Niolic’s exterior income ruse is your typical “automated buying and selling bot” scheme:
Niolic Limina Software program is an modern automated cryptocurrency buying and selling know-how that makes use of quantum computer systems together with our Limina software program to realize most effectiveness within the cryptocurrency market.
Niolic’s introduced “Limina AI” ruse fails the Ponzi logic check.
If Niolic truly had a buying and selling bot in a position to generate as much as 6% a day, what do they want your cash for?
Issues get even sillier upon consideration of Niolic’s claimed $30 million insurance coverage:
Naturally who Niolic has a claimed insurance coverage contract with isn’t specified.
One fascinating observe on Niolic is its use of the “click on a button” activity rip-off mannequin:
As your funding will increase, you possibly can transfer as much as increased ranges of this system, which lets you enhance your profitability and obtain extra favorable situations.
Every subsequent stage requires a sure variety of clicks to extend, which corresponds to a rise in your funding.
“Click on a button” app Ponzis are usually run by Chinese language scammers. Whereas Niolic is definitely comparable, in that traders need to click on buttons to qualify for a return, I didn’t see a corresponding app part.
As such whereas the mannequin is comparable I’m not grouping Niolic in with the “click on a button” app Ponzis.
Because it stands, the one verifiable income coming into Niolic is new funding.
Utilizing new funding to pay ROI withdrawals would make Niolic a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This may starve Niolic of ROI income, ultimately prompting a collapse.
The mathematics behind Ponzi schemes ensures that once they collapse, nearly all of individuals lose cash.