Following a collection of launch disasters, iHub International victims are actually being funnelled into TranzactCard.
iHub International surfaced in early 2021. The corporate bought “Coolspot” Helium Community (HNT) mining units, which they pitched as “cash machines”.
Cue the same old crypto hopium advertising…
…and right here’s how HNT is definitely going circa July 2023:
Helium Community was a grift that pitched a WIFI community designed to be used with low-power “web of issues” units.
Between June 2021 and August 2022 Helium Community raised $53.3 million from gullible buyers promoting mining machines. Simply $92,000 was generated from wifi community charges.
Helium Community, and by proxy iHub International, was nothing greater than a crypto spin on promoting miners shovels again within the gold rush period.
The one individuals who made cash have been Helium Community and iHub International executives and prime recruiters.
After Helium Community collapsed iHub International, via “iHub Meta”, funneled associates into OpenView Community.
On its web site Openview Community states it’s
backed up by one of many largest reseller networks on this planet, i-Hub International, with over 1.4 million Associates worldwide.
Partnered with main third-party {hardware} suppliers and advert networks together with Bing, Google, Loop, Propellor, and extra.
Openview Community was speculated to launch an OVN cryptocurrency – however as a substitute exit-scammed with out delivering on its advertising guarantees.
This left iHub International associates (as soon as once more) holding “nugatory factors”.
Different grifts iHub International has pitched to associates embody a reduction journey portal, ERC tax credit score scheme and LoopTV.
iHub Journey is a low-effort try and populate iHub International’s backoffice with a product/service.
The ERC tax credit score scheme remains to be round however LoopTV, one thing about promoting digital signage to companies, has additionally collapsed.
As disclosed on firm webinars, iHub International’s “strategic partnership” with TranzactCard “began a couple of months in the past”.
A part of the settlement, which can see iHub International executives financially compensated for funneling associates into TranzactCard, is changing OVN factors into Z-Bucks.
As said by TranzactCard founder Richard Smith on a latest iHub International webinar;
You’re gonna have the ability to take the factors that have been gonna go away, which might be ineffective, we’re gonna have a conversion desk and also you come over and construct at TranzactCard. You’ll obtain Z-Bucks for that.
Z-Bucks are rewards provided via use of TranzactCard’s VISA debit card. TranzactCard represents every Z-Buck holds a $1 worth in its but to launch ecommerce platform.
iHub International CIO Eric Zhivalyuk claims iHub International has despatched out 200,000 emails selling TranzactCard.
The vast majority of these e-mail recipients are believed to have misplaced cash throughout iHub International’s numerous failed ventures.
A couple of weeks in the past TranzactCard acknowledged its prelaunch has been “a multitude”.
To date TranzactCard is shaping as much as be a repeat of Smith’s earlier failed MLM enterprise R Community; charges are collected on “coming quickly” guarantees that by no means eventuate.
Smith has set a November twelfth deadline for TranzactCard to launch as promised.