GluTech Evaluate: BSC smart-contract Ponzi scheme


GluTech fails to offer possession or govt data on its web site.

GluTech’s official web site area (“glutech.io”), was privately registered on Might twenty ninth, 2023.

Over on GluTech’s official YouTube channel, we discover advertising shows hosted by “Grant … from our advertising division at GluTech.”

Grant Holmes is an American actor and voice over artist.

On-line Grant markets himself as “The Webinar Man”:

As a full-time voice over actor, I exploit over 25 years of expertise in advertising, gross sales, and advancing profitability to make your work stellar.

I’ve vital profession expertise in advertising, fundraising, strategic planning, group constructing, enterprise evaluation, and discovering acceptable options for my shoppers.

My superpower is making you and your small business look and sound good.

At time of publication Holmes has hosted two GluTech advertising shows; one on July twenty seventh and one on July twenty ninth.

On August 2nd, GluTech uploaded a brand new “enterprise presentation” that includes a unique host:

I don’t have a reputation however, primarily based on what I used to be capable of finding, I consider this individual works as a digital help from the Philippines.

As at all times, if an MLM firm will not be overtly upfront about who’s working or owns it, suppose lengthy and exhausting about becoming a member of and/or handing over any cash.

GluTech’s Merchandise

GluTech has no retailable services or products.

Associates are solely capable of market GluTech affiliate membership itself.

GluTech’s Compensation Plan

GluTech associates make investments $10 or extra in Binance Coin (BNB).

That is completed on the promise of marketed passive returns:

  • make investments 10 BNB or extra for 7 days and obtain 2% a day
  • make investments 10 BNB or extra for 30 days and obtain 2.5% a day
  • make investments 60 BNB or extra for 60 days and obtain 3% a day

If a GluTech associates needs to withdraw earlier than the top of their contract, GluTech fees a 25% penalty charge.

Be aware that whereas USD is quoted in GluTech’s compensation plan, all funds and withdrawals are made in BNB.

The MLM facet of GluTech pays on recruitment of affiliate traders.

GluTech Affiliate Ranks

There are eight affiliate ranks inside GluTech’s compensation plan.

Together with their respective qualification standards, they’re as follows:

  1. Affiliate – join as a GluTech affiliate
  2. Bronze – make investments at the least $100, recruit 5 associates and generate $5000 in complete downline funding quantity
  3. Gold – preserve a minimal $100 funding, recruit seven associates and generate $10,000 in complete downline funding quantity
  4. Ruby – make investments $500, recruit ten associates and generate $20,000 in complete downline funding quantity
  5. Sapphire – make investments $1000, recruit twenty associates and generate $50,000 in complete downline funding quantity
  6. Diamond – make investments $3000, preserve twenty personally recruited associates and generate $100,000 in complete downline funding quantity
  7. Blue Diamond – make investments $5000, preserve twenty personally recruited associates and generate $250,000 in complete downline funding quantity
  8. Ambassador – make investments $10,000, preserve twenty personally recruited associates and generate $1,000,000 in complete downline funding quantity

Be aware that to rely in direction of rank qualification standards:

  • required funding quantities have to be lively and
  • recruited associates should have an lively funding

An lively funding is an funding incomes in one in every of GluTech’s provided funding plans.

ROI Match

GluTech pays a ROI Match by way of a unilevel compensation construction.

A unilevel compensation construction locations an affiliate on the prime of a unilevel group, with each personally recruited affiliate positioned immediately underneath them (stage 1):

If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel group.

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.

GluTech caps the ROI Match at ten unilevel group ranges.

The ROI Match is paid as a proportion of the day by day ROI paid out throughout these ten ranges as follows:

  • stage 1 (personally recruited associates) – 10%
  • stage 2 – 7%
  • stage 3 – 5%
  • stage 4 – 3%
  • ranges 5 to 7 – 2%
  • ranges 8 to 10 – 0.5%

Rank Achievement Bonus

GluTech calculates rank qualification standards weekly.

Bronze and better ranked associates obtain a weekly Rank Achievement Bonus as follows:

  • qualify at Bronze and obtain $50 every week
  • qualify at Gold and obtain $100 every week
  • qualify at Ruby and obtain $250 every week
  • qualify at Sapphire and obtain $500 every week
  • qualify at Diamond and obtain $2000 every week
  • qualify at Blue Diamond and obtain $5000 every week
  • qualify at Ambassador and obtain $10,000 every week

Becoming a member of GluTech

GluTech affiliate membership is free.

Full participation within the connected revenue alternative requires a minimal $100 funding in BNB.

GluTech Conclusion

GluTech is a straightforward smart-contract Ponzi scheme with an AI buying and selling bot advertising ruse.

No proof of GluTech’s AI buying and selling bot exists. Moreover, GluTech’s enterprise mannequin fails the Ponzi logic check.

If whoever is working GluTech really had an AI buying and selling bot able to legitimately producing 3% a day on a constant foundation, they definitely wouldn’t be offering you free entry.

Extra importantly, what does GluTech want your cash for then?

The reply to that lies in GluTech’s withdrawals merely being recycled invested BNB.

With nothing marketed or bought to retail clients, the MLM facet of GluTech 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 GluTech of ROI income, ultimately prompting a collapse.

The maths behind Ponzi schemes ensures that once they collapse, the vast majority of members lose cash.