UbitEx fails to offer verifiable possession or govt info on its web site.
UbitEx operates from two identified web site domains:
- ubitex.com – first registered in 2003, personal registration was final up to date on July seventeenth, 2024
- ubit.press – privately registered on March twenty eighth, 2024
On its .COM web site and social media accounts, UbitEx presents “Alex Sandro” as its CEO:
Mr. Alex Sandro shares his insights on the present state of the cryptocurrency market and the way Ubitex is positioned to satisfy the wants of recent merchants.
You’ll get a glimpse into his imaginative and prescient for making a user-friendly and safe buying and selling setting that fosters innovation and development.
Alex Sandro doesn’t exist outdoors of UbitEx’s advertising and marketing. That’s as a result of he’s performed by an actor based mostly out of Bali, Indonesia.
Sadly I don’t have a reputation. It seems previous to signing on to play UbitEx’s fictional CEO the actor deleted their Bali Mannequin Company profile.
Nonetheless, right here’s “Alex Sandro” modeling garments for an Indonesian retailer:
As to who’s truly working UbitEx, Chinese language options closely in UbitEx’s advertising and marketing.
This strongly suggests whoever is working UbitEx has ties to China.
As of September 2024, SimilarWeb tracked high sources of visitors to UbitEx’s web site as Taiwan (11%), Indonesia (6%), Singapore (6%) and Israel (4%).
As at all times, if an MLM firm is just not brazenly upfront about who’s working or owns it, assume lengthy and laborious about becoming a member of and/or handing over any cash.
UbitEx’s Merchandise
UbitEx has no retailable services or products.
Associates are solely capable of market UbitEx affiliate membership itself.
UbitEx’s Compensation Plan
UbitEx associates make investments 100 or extra tether (USDT). Invested USDT is then transformed into both STUB (aka UB), an inside shitcoin UbitEx creates on demand.
As soon as acquired, STUB is “staked” with UbitEx on the promise of a passive return:
- make investments for 3 days and obtain 0.2% a day
- make investments for 30 days and obtain 0.3% a day
- make investments for 90 days and obtain 0.4% a day
- make investments for 180 days and obtain 0.5% a day
The MLM facet of UbitEx pays on recruitment of affiliate buyers.
UbitEx Affiliate Ranks
There are six affiliate ranks inside UbitEx’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- VIP0 – join as a UbitEx affiliate and make investments no less than 100 USDT
- VIP1 – recruit 5 associates and generate no less than 50,000 USDT in complete downline funding quantity
- VIP2 – have one VIP1 in two recruitment legs and generate 150,000 USDT in complete downline funding quantity
- VIP3 – have one VIP2 in two recruitment legs and generate 500,000 USDT in complete downline funding quantity
- VIP4 – have one VIP3 in two recruitment legs and generate 2,000,000 USDT in complete downline funding quantity
- VIP5 – have one VIP4 in two recruitment legs and generate 6,000,000 USDT in complete downline funding quantity
ROI Match
UbitEx pays a ROI Match on each day returns paid down two ranges of recruitment (unilevel):
- a 15% match is paid on degree 1 (personally recruited associates
- a ten% match is paid on degree 2
Rank ROI Match
UbitEx pays a rank-based ROI match on downline earnings:
- VIP1 ranked associates earn a 20% ROI match
- VIP2 ranked associates earn a 30% ROI match
- VIP3 ranked associates earn a 40% ROI match
- VIP4 ranked associates earn a 50% ROI match
- VIP5 ranked associates earn a 60% ROI match
Notice that if a downline affiliate is on the similar rank, the Rank ROI Match stays or is lowered to twenty%.
Becoming a member of UbitEx
UbitEx affiliate membership is free.
Full participation within the connected revenue alternative requires a minimal 100 USDT funding.
UbitEX Conclusion
UbitEx represents it generates exterior income by way of “AI-driven crypto buying and selling”.
No verifiable proof of UbitEx producing exterior income of any form is offered.
On the regulatory entrance UbitEx gives up this baloney:
Placing apart no proof of UbitEx buying any of the above registrations is offered, UbitEx makes an attempt to dupe buyers by feigning regulatory compliance when there isn’t any.
An MSB or AUSTRAC registration is just not the identical as registering with monetary regulators. With a view to function legally, UbitEx must be registered with monetary regulators.
In Taiwan this is able to be the Monetary Supervisory Fee. In Indonesia it’s the Indonesian Monetary Providers Authority (OJK). In Singapore it’s the Financial Authority of Singapore and so forth.
Registering with monetary regulators requires UbitEx to periodically file audited monetary studies. This isn’t solely a authorized requirement, it’s the one method to confirm UbitEx is producing buying and selling income to pay withdrawals.
Because it stands, the one verifiable income coming into UbitEx is new funding.
Utilizing new funding to pay ROI withdrawals would make UbitEx a Ponzi scheme. This goes hand-in-hand with UbitEx committing verifiable securities fraud.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
It will starve UbitEx of ROI income, ultimately prompting a collapse.
The maths behind Ponzi schemes ensures that after they collapse, nearly all of contributors lose cash.