Fidocap fails to supply verifiable possession or govt data on its web site.
Fidocap’s web site area (“fidocap.com”), was privately registered on December twenty second, 2023.
On its web site Fidocap presents its CEO as “Horald Livani”.
“Horald Livani” in fact doesn’t exist. He’s a Boris CEO performed by Jordon Shinn.
In keeping with his private web site, Shinn “is an American actor, mannequin and VO artist primarily based in Bangkok, Thailand.”
Over on Fidocap’s official YouTube channel now we have advertising and marketing movies that includes actors in rented workplace area:
As of early July 2024, Shinn was nonetheless taking part in Horald Livani:
Boris CEO schemes, whereby an actor is employed to play an govt, are usually the work of Russian scammers. This isn’t definitive however does doubtlessly tie in to Thailand’s rising Russian inhabitants.
That stated, I couldn’t assist however discover Shinn claims to be “fluent in Mandarin Chinese language” with a “grasp’s diploma in instructing Chinese language language”.
This doubtlessly lends itself to Chinese language scammers could be behind Fidocap.
Regardless of showing to be run from Thailand, on its web site Fidocap presents a shell firm certificates for Fido Capital LTD.
Fido Capital LTD was integrated within the UK on March 18th, 2024.
As a result of ease with which scammers are in a position to incorporate shell firms with bogus particulars, for the aim of MLM due-diligence these certificates are meaningless.
As at all times, if an MLM firm will not be overtly upfront about who’s operating or owns it, suppose lengthy and onerous about becoming a member of and/or handing over any cash.
Fidocap’s Merchandise
Fidocap has no retailable services or products.
Associates are solely in a position to market Fidocap affiliate membership itself.
Fidocap’s Compensation Plan
Fidocap associates make investments USD equivalents in cryptocurrency. That is executed on the promise of marketed returns:
- Newbie – make investments $25 to $9999 and obtain 0.05% an hour for 4800 hours (240%)
- Grasp – make investments $10,000 to $99,999 and obtain 0.07% an hour for 4800 hours (336%)
- Apex – make investments $100,000 to $199,999 and obtain 0.09% an hour for 4800 hours (432%)
Notice that Fidocap expenses a 9% withdrawal charge. This is applicable to withdrawal requests made on the first and fifteenth of each month.
A 25% “problem charge” is charged if a Fidocap affiliate requests a withdrawal on another day of the month.
The MLM facet of Fidocap pays on recruitment of affiliate traders.
Fidocap Affiliate Ranks
There are six affiliate ranks inside Fidocap’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Base – generate $30,000 of downline funding on each side of your binary group
- Junior – generate $60,000 of downline funding on each side of your binary group
- Senior – generate $120,000 of downline funding on each side of your binary group
- Star – generate $250,000 of downline funding on each side of your binary group
- Director – generate $500,000 of downline funding on each side of your binary group
- Ambassador – generate $1,000,000 of downline funding on each side of your binary group
Referral Commissions
Fidocap pays a ten% referral fee on cryptocurrency invested by personally recruited associates.
Residual Commissions
Fidocap pays residual commissions through 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 degree of the binary group homes two positions. The second degree 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 degree housing twice as many positions because the earlier degree.
Positions within the binary group are crammed through direct and oblique recruitment of associates. Notice there isn’t any restrict to how deep a binary group can develop.
On the finish of every day Fidocap tallies up new funding quantity on each side of the binary group.
Associates are paid 10% of recent funding on the weaker binary group facet, capped primarily based on how a lot they’ve personally invested.
- Newbie tier associates can earn as much as $2500 a day in residual commissions
- Grasp tier associates can earn as much as $10,000 a day in residual commissions
- Apex tier associates can earn as much as $20,000 a day in residual commissions
As soon as paid out on, quantity is matched in opposition to the stronger binary group facet and flushed. Any leftover quantity on the stronger binary group facet carries over.
Rank Achievement Bonus
Fidocap rewards associates for qualifying at Base and better with the next one-time Rank Achievement Bonuses:
- qualify at Base and obtain $600
- qualify at Junior and obtain $1200
- qualify at Senior and obtain $3000
- qualify at Star and obtain $6000
- qualify at Director and obtain $15,000
- qualify at Ambassador and obtain $40,000
Becoming a member of Fidocap
Fidocap affiliate membership is free.
Full participation within the connected earnings alternative requires a minimal $25 funding.
Fidocap solicits funding in varied cryptocurrencies.
Fidocap Conclusion
Fidocap represents it generates exterior income through “buying and selling in varied digital property.”
Naturally, Fidocap fails to supply verifiable proof it generates exterior income of any variety.
Moreover, Fidocap’s enterprise mannequin fails the Ponzi logic take a look at.
If Fidocap is already legitimately producing 432% each 200 days, what do they want your cash for? And why is Fidocap providing anybody entry to those remarkable ROI charges for free of charge?
In case it wasn’t apparent, like its fictional CEO the buying and selling Fidocap claims to be engaged in doesn’t exist.
Because it stands the one verifiable income coming into Fidocap is new funding.
Utilizing new funding to pay ROI withdrawals would make Fidocap a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This can starve Fidocap of ROI income, ultimately prompting a collapse.
That is from Fidocap’s web site FAQ;
Can the person cancel or get a refund in between the contract?
No, you can’t cancel the contract and declare for a refund.
The mathematics behind Ponzi schemes ensures that after they collapse, nearly all of contributors lose cash.