SBG World fails to offer possession or government info on its web site.
SBG World’s web site area (“sbgglobal.io”), was privately registered on February ninth, 2022.
A go to to SBG World’s web site reveals one clickable hyperlink:
This hyperlink takes guests to SBG Rewards, working from “sbgrewards.io” (privately registered on September twenty third, 2022).
At one level the area “sbgame.membership” was additionally a part of SBG World. This area and no matter was on it has already deserted.
Beneath SBG World branding, SBG Rewards pitches “MMIT Rewards” as a “fastened returns staking platform”.
In researching SBG World I famous these three people saved popping up:
They wore sun shades and parade round in entrance of everyone, so I figured they had been in cost.
To get names I needed to flip to impartial protection of some random crypto bro occasion in Dubai, held in Could 2023.
The quick fats man with a moustache is SBG World CEO Anil Yadav:
Yadav can also be cited as SBG World’s founder:
The long-haired tall man is SBG World CMO Praveen Rai.
The third man didn’t have a talking function so I’m nonetheless undecided who he’s.
Presumably as a consequence of language-barriers, I used to be unable to place collectively an MLM historical past on both Yadav or Rai.
Initially from India, it appears SBG World’s executives have since fled to Dubai. This syncs with advertising on SBG Rewards’ web site:
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 is predicated out of or represents it has ties to Dubai, it’s a rip-off.
If you wish to know particularly how this is applicable to SBG World and related firms, learn on for a full evaluation.
SBG World
SBG World has no retailable services or products.
Associates are solely in a position to market SBG World affiliate membership itself.
SBG World’s Compensation Plan
It ought to be famous that SBG World hides compensation plan particulars from shoppers.
The next evaluation is predicated on SBG token funding. SBG World has since launched a number of tokens, all of that are presumed to have an analogous, if not similar, staking part.
We’ll cowl SBG World’s different tokens within the conclusion of this evaluation.
SBG World associates make investments cryptocurrency into SBG packages:
- Silver – make investments 50 SBG and obtain 0.3% a day, capped at 90 SBG (300 SBG if no withdrawals)
- Gold – make investments 100 SBG and obtain 0.5% a day, capped at 300 SBG (2000 SBG if no withdrawals)
- Topaz – make investments 200 SBG and obtain 0.5% a day, capped at 600 SBG (4000 SBG if no withdrawals)
- Platinum – make investments 500 SBG and obtain 0.5% a day, capped at 1500 SBG (10,000 SBG if no withdrawals)
- Diamond – make investments 1000 SBG and obtain 0.5% a day, capped at 3000 SBG (20,000 SBG if no withdrawals)
- Ruby – make investments 2000 SBG and obtain 0.5% a day, capped at 6000 SBG (40,000 SBG if no withdrawals)
- Emerald – make investments 3000 SBG and obtain 0.5% a day, capped at 9000 SBG (60,000 SBG if no withdrawals)
- Sapphire – make investments 5000 SBG and obtain 0.5% a day, capped at 15,000 SBG (100,000 SBG if no withdrawals)
- Singapore – make investments 10,000 SBG and obtain 0.5% a day, capped at 30,000 SBG (200,000 SBG if no withdrawals)
Word that if an SBG GLobal affiliate recruits 5 affiliate buyers inside 21 days of investing, the every day ROI charge is doubled (whole ROI paid out stays the identical).
The MLM aspect of SBG World pays on recruitment of affiliate buyers.
SBG World Affiliate Ranks
There are seven affiliate ranks inside SBG World’s compensation plan.
Together with their respective qualification standards they’re as follows:
- Professional – generate 50,000 SBG in downline funding
- Professional – generate 100,000 SBG in downline funding
- Star – generate 200,000 SBG in downline funding
- 2 Star – generate 500,000 SBG in downline funding
- 3 Star – generate 1,000,000 SBG in downline funding
- 4 Star – generate 3,000,000 SBG in downline funding
- 5 Star – generate 5,000,000 SBG in downline funding
Word that as much as 50% of required downline funding is counted from anyone recruitment leg.
The remaining 50% of required downline funding should come from at the least 4 further recruitment legs.
Referral Commissions
SBG World pays a 5% fee on cryptocurrency invested by recruited associates.
ROI Match
SBG World pays a ROI match through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel crew, with each personally recruited affiliate positioned instantly 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.
SBG World caps payable unilevel crew ranges at twenty.
A ROI Match is paid as a proportion of every day returns paid out throughout these twenty ranges as follows:
- degree 1 (personally recruited associates) – 20% match
- degree 2 – 15% match
- degree 3 – 12% match
- degree 4 – 10% match
- degree 5 – 8% match
- degree 6 – 5% match
- ranges 7 to 10 – 3% match
- ranges 11 to fifteen – 2% match
- ranges 16 to twenty – 1% match
Word that every unilevel crew degree should be unlocked by means of recruitment. E.g. recruit one affiliate investor to unlock degree 1, recruit two affiliate buyers to unlock degree 2 and so on.
Rank Achievement Bonus
SBG World rewards associates for qualifying at Professional and better with the next Rank Achievement Bonuses:
- qualify at Professional and obtain a 1% ROI Match bonus
- qualify at Professional and obtain a 2% ROI Match bonus
- qualify at 1 Star and obtain a 4% ROI Match bonus
- qualify at 2 Star and obtain a 6% ROI Match bonus
- qualify at 3 Star and obtain an 8% ROI Match bonus
- qualify at 4 Star and obtain a ten% ROI Match bonus
- qualify at 5 Star and obtain a 12% ROI Match bonus
Reward Swimming pools
SBG World takes 5% of company-wide funding and locations it into 5 smaller Reward Swimming pools.
SBG World share these Reward Swimming pools with 2 Star and better ranked associates:
- 2 Stars obtain a share in a 2% Reward Pool
- 3 Stars obtain a share in a 1% Reward Pool
- 4 Stars obtain a share in a 1% Reward Pool
- 5 Stars obtain a share in a 1% Reward Pool
Becoming a member of SBG World
SBG World affiliate membership is free.
Full participation within the connected earnings alternative requires a minimal 50 SBG funding.
SBG is an inner token created by SBG World. SBG World solicits funding into SBG in numerous cryptocurrencies.
SBG World Conclusion
There’s a cause that if you go to SBG World’s web site all you are able to do is click on on their staking scheme.
SBG World is a multi-tier shit token staking Ponzi scheme.
Within the compensation evaluation of this evaluation I’ve solely detailed SBG World’s authentic SBG staking scheme. Along with SBG, there’s additionally BGVT, MMIT and Zillion XO.
MMIT seems to be essentially the most lately launched, and effectively…
No matter what number of shit tokens SBG World has and plans to launch, the underlying staking Ponzi scheme is similar.
SBG World associates make investments cryptocurrency in change for one among SBG World’s shit tokens. These tokens are then parked with SBG World on the promise of passive returns (staking).
No exterior income exists, with all withdrawals funded by subsequent funding into SBG World’s shit tokens.
Moreover, with nothing marketed or offered to retail clients, the MLM aspect of SBG World features as a pyramid scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This may starve SBG World of ROI income, finally prompting a collapse.
The mathematics behind Ponzi schemes ensures that after they collapse, the vast majority of individuals lose cash.