AladdinBOT fails to offer possession or government data on its web site.
AladdinBOT’s web site area (“aladdinbot.io”), was privately registered on September ninth, 2023.
In an try to look respectable, AladdinBOT supplies a UK firm registration certificates for “Aladdinbot Restricted”.
As per AladdinBOT’s web site FAQ;
Which deposit strategies do you settle for?
ETHEREUM, BITCOIN, BNB(BSC), USDT (TRC20, ERC20 AND BEP20)
It must be famous that the FCA banned MLM cryptocurrency funding schemes on October eighth, 2023. Which means that, such to the extent AladdinBOT has any precise ties to the UK, the corporate is working illegally.
Versus the UK, AladdinBOT advertising materials suggests ties to Dubai;
Because of the proliferation of scams and failure to implement securities fraud regulation, BehindMLM ranks Dubai because the MLM crime capital of the world.
BehindMLM’s pointers for Dubai are:
- If somebody lives in Dubai and approaches you about an MLM alternative, they’re making an attempt to rip-off you.
- If an MLM firm relies out of or represents it has ties to Dubai, it’s a rip-off.
To resolve who’s working AladdinBOT, we flip to YouTube.
In a advertising video uploaded to AladdinBOT’s official YouTube channel on November eleventh, Mark Davis is cited as CEO.
Within the video Davis, believed to be an Australian nationwide, claims he’s at the moment in Bali, Indonesia.
BehindMLM first got here throughout Davis in AI Commerce Ponzi advertising movies, circa 2018.
Davis labored in AI Commerce with RV Palafox. The pair would go on to launch PGI World in 2020.
PGI World was an MLM an MLM crypto Ponzi scheme pitching 200% returns. It’s collapse in 2021 is believed to have resulted in tens of millions of {dollars} in client losses.
In October 2021 BehindMLM confirmed a US legal investigation into PGI World. Since then nonetheless there have been no additional updates.
RV Palafox, believed to carry twin US and Philippine citizenship, has not been seen in public since PGI World’s collapse. Mark Davis seems to have fled Australia for Indonesia.
Whether or not RV Palafox is concerned in AladdinBOT is unclear.
Learn on for a full assessment of AladdinBOT’s MLM alternative.
AladdinBOT’s Merchandise
AladdinBOT has no retailable services or products.
Associates are solely capable of market AladdinBOT affiliate membership itself.
AladdinBOT’s Compensation Plan
AladdinBOT associates make investments USD equivalents in cryptocurrency.
That is completed on the promise of marketed returns:
- JazzBOT – make investments $400 or extra and obtain as much as 1.5% a day
- AutoBOT – make investments $2000 or extra and obtain as much as 2% a day
- LiquidityBOT – make investments $8000 or extra and obtain as much as 2.5% a day
The MLM facet of AladdinBOT pays on recruitment of affiliate traders.
Referral Commissions
AladdinBOT pays referral commissions through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel crew, with each personally recruited affiliate positioned straight underneath them (degree 1):
If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel crew.
If any degree 2 associates recruit new associates, they’re positioned on degree 3 and so forth and so forth down a theoretical infinite variety of ranges.
AladdinBOT caps payable unilevel crew ranges at 5.
Referral commissions are paid as a share of cryptocurrency invested throughout these eight ranges as follows:
- degree 1 (personally recruited associates) – 8%
- degree 2 – 5%
- degree 3 – 3%
- degree 4 – 2%
- degree 5 – 1%
Recruitment Bonuses
AladdinBOT rewards associates who recruit new traders with the next one-time bonuses:
- generate $15,000 in downline funding quantity and obtain $500
- generate $100,000 in downline funding quantity and obtain $5000
- generate $1,000,000 in downline funding quantity and obtain $50,000
Becoming a member of AladdinBOT
AladdinBOT affiliate membership is free.
Full participation within the hooked up earnings alternative requires a minimal $400 funding.
AladdinBOT solicits funding in numerous cryptocurrencies.
AladdinBOT Conclusion
There’s not loads to AladdinBOT. Mark Davis has launched a run-of-the-mill MLM crypto Ponzi, hidden behind an AI buying and selling bot ruse.
AladdinBot provides a cutting-edge AI-based Telegram buying and selling bot platform with a variety of options, using real-time market knowledge, superior charting instruments, and intuitive order and danger administration techniques.
AladdinBOT fails to offer proof it’s paying withdrawals with buying and selling income. Moreover, AladdinBOT’s passive returns funding scheme constitutes a securities providing.
Neither AladdinBOT or Mark Davis are registered to supply securities in any jurisdiction. Which means that at a minimal, AladdinBOT is committing securities fraud.
Because it stands the one verifiable income getting into AladdinBOT is new funding. Utilizing new funding to pay affiliate withdrawals would make AladdinBOT a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This may starve AladdinBOT of ROI income, finally prompting a collapse.
The mathematics behind Ponzi schemes ensures that once they collapse, nearly all of traders lose cash.
Look no additional than PGI World’s collapse to see this in motion.