Taygeta fails to supply possession or govt info on its web site.
Taygeta’s authentic web site area (“taygeta.tech”), was privately registered on April twenty fourth, 2023.
Taygeta deserted its authentic .TECH area after the Central Financial institution of Russia issued a Taygeta fraud warning on June twentieth.
Taygeta now operates from the area “taygeta.professional”, privately registered on June twenty seventh, 2023.
As to who’s operating Taygeta, no thought however they’re clearly Russian:
Over on Taygeta’s official YouTube channel, Artur Andreevich (Артур Андреевич) is offered as Taygeta’s CEO.
Aside from confirming Andreevich’s affiliation with Russia (the apparent), I wasn’t capable of verify whether or not he’s a Boris CEO.
Whereas Russian scammers are infamous for utilizing actors to entrance their scams, use of a Boris CEO to focus on Russian-speakers is uncommon.
As at all times, if an MLM firm shouldn’t be overtly upfront about who’s operating or owns it, assume lengthy and exhausting about becoming a member of and/or handing over any cash.
Taygeta’s Merchandise
Taygeta has no retailable services or products.
Associates are solely capable of market Taygeta affiliate membership itself.
Taygeta’s Compensation Plan
Taygeta associates make investments USD or USD equivalents in cryptocurrency. That is completed on the promise of marketed returns:
- Slot1 – make investments $100 or extra and obtain 20% to 25% a month for 12 months
- Slot2 – make investments $250 or extra and obtain 20.5% to 25.5% a month for 12 months
- Slot3 – make investments $500 or extra and obtain 21% to 26% a month for 12 months
- Slot4 – make investments $1000 or extra and obtain 21.5% to 26.5% a month for 12 months
- Slot5 – make investments $2500 or extra and obtain 22% to 27% a month for 12 months
- Slot6 – make investments $5000 or extra and obtain 22.5% to 27.5% a month for 12 months
- Slot7 – make investments $10,000 or extra and obtain 23% to twenty-eight% a month for 12 months
- Slot8 – make investments $25,000 or extra and obtain 23.5% to twenty-eight.5% a month for 12 months
- Slot9 – make investments $50,000 or extra and obtain 24% to 29% a month for 12 months
- Slot10 – make investments $100,000 or extra and obtain 25% to 30% a month for 12 months
Be aware that if a Taygeta affiliate doesn’t withdraw for 30 days, they obtain an elevated each day ROI fee on every tier:
- Slot1 pays a further 0.35% a day
- Slot2 pays a further 0.3% a day
- Slot3 pays a further 0.25% a day
- Slot4 pays a further 0.22% a day
- Slot5 pays a further 0.2% a day
- Slot6 pays a further 0.15% a day
- Slot7 pays a further 0.12% a day
- Slot8 pays a further 0.1% a day
- Slot9 pays a further 0.07% a day
- Slot10 pays a further 0.05% a day
The MLM aspect of Taygeta pays on recruitment of affiliate buyers.
Taygeta Affiliate Ranks
There are 13 affiliate ranks inside Taygeta’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- T1 – enroll as a Taygeta affiliate and make investments not less than $100
- T2 – make investments not less than $250, generate not less than $500 in personally recruited affiliate funding and generate not less than $1000 in complete downline funding
- T3 – make investments not less than $500, generate not less than $1000 in personally recruited affiliate funding and generate not less than $4000 in complete downline funding
- T4 – make investments not less than $1000, generate not less than $2000 in personally recruited affiliate funding and generate not less than $8000 in complete downline funding
- T5 – make investments not less than $2500, generate not less than $4000 in personally recruited affiliate funding and generate not less than $20,000 in complete downline funding
- T6 – make investments not less than $5000, generate not less than $8000 in personally recruited affiliate funding and generate not less than $50,000 in complete downline funding
- T7 – make investments not less than $10,000, generate not less than $16,000 in personally recruited affiliate funding and generate not less than $100,000 in complete downline funding
- T8 – make investments not less than $25,000, generate not less than $45,000 in personally recruited affiliate funding and generate not less than $250,000 in complete downline funding
- T9 – make investments not less than $50,000, generate not less than $100,000 in personally recruited affiliate funding and generate not less than $500,000 in complete downline funding
- T10 – preserve a $50,000 funding, generate not less than $150,000 in personally recruited affiliate funding and generate not less than $750,000 in complete downline funding
- T11 – make investments not less than $100,000, generate not less than $200,000 in personally recruited affiliate funding and generate not less than $1,000,000 in complete downline funding
- T12 – preserve a $100,000 funding, generate not less than $300,000 in personally recruited affiliate funding and generate not less than $2,000,000 in complete downline funding
- T13 – make investments not less than $250,000, generate not less than $500,000 in personally recruited affiliate funding and generate not less than $5,000,000 in complete downline funding
Referral Commissions
Taygeta pays referral commissions on funds invested by personally recruited associates.
Referral fee charges are decided by how a lot a recruited affiliate has invested:
- Slot1 funding generates a 7% referral fee fee
- Slot2 funding generates a 6% referral fee fee
- Slot3 funding generates a 5.5% referral fee fee
- Slot4 funding generates a 5% referral fee fee
- Slot5 funding generates a 4.5% referral fee fee
- Slot6 funding generates a 4% referral fee fee
- Slot7 funding generates a 3.5% referral fee fee
- Slot8 funding generates a 3% referral fee fee
- Slot9 funding generates a 2.5% referral fee fee
- Slot10 funding generates a 2% referral fee fee
Coded Referral Commissions
Taygeta pays coded referral commissions primarily based on rank:
- T2 ranked associates obtain a 7% coded referral fee fee
- T3 ranked associates obtain an 8% coded referral fee fee
- T4 ranked associates obtain a 9% coded referral fee fee
- T5 ranked associates obtain a ten% coded referral fee fee
- T6 ranked associates obtain an 11% coded referral fee fee
- T7 ranked associates obtain a 12% coded referral fee fee
- T8 ranked associates obtain a 14% coded referral fee fee
- T9 ranked associates obtain a 16% coded referral fee fee
- T10 ranked associates obtain a 18% coded referral fee fee
- T11 ranked associates obtain a 21% coded referral fee fee
- T12 ranked associates obtain a 25% coded referral fee fee
Coded referral commissions are paid as much as 25% on every new funding.
Larger ranked associates acquire the distinction paid to decrease ranked Taygeta associates. This continues till the total 25% or what’s left of 25% is paid to the primary discovered T12 ranked affiliate.
Be aware that T13 ranked associates are excluded from coded referral commissions.
ROI Match
Taygeta pays a 20% ROI Match on returns paid to downline associates.
- T2 ranked associates obtain a 5% ROI Match
- T3 ranked associates obtain a 6% ROI Match
- T4 ranked associates obtain a 7% ROI Match
- T5 ranked associates obtain an 8% ROI Match
- T6 ranked associates obtain a 9% ROI Match
- T7 ranked associates obtain a ten% ROI Match
- T8 ranked associates obtain a 12% ROI Match
- T9 ranked associates obtain a 14% ROI Match
- T10 ranked associates obtain a 15% ROI Match
- T11 ranked associates obtain an 18% ROI Match
- T12 ranked associates obtain a 20% ROI Match
Be aware that it is a coded bonus, which means greater ranked associates obtain the distinction not paid to lesser ranked associates.
Additionally word that T13 ranked associates are excluded from the ROI Match.
Fairness Bonus
In lieu of being excluded from the coded referral commissions and the ROI Match, T13 ranked Taygeta associates qualify for the Fairness Bonus.
The Fairness Bonus is made up of three% of Taygeta’s company-wide funding.
The Fairness Bonus is shared equally with all T13 ranked associates, though how ceaselessly isn’t disclosed.
Rank Achievement Bonus
Taygeta rewards associates for qualifying at T2 and better with the next one-time Rank Achievement Bonuses:
- qualify at T2 and obtain $50
- qualify at T3 and obtain $100
- qualify at T4 and obtain $250
- qualify at T5 and obtain $500
- qualify at T6 and obtain $1000
- qualify at T7 and obtain $2500
- qualify at T8 and obtain $5000
- qualify at T9 and obtain $10,000
- qualify at T10 and obtain $20,000
- qualify at T11 and obtain $30,000
- qualify at T12 and obtain $45,000
- qualify at T13 and obtain $80,000
Becoming a member of Taygeta
Taygeta affiliate membership is free.
Full participation within the hooked up earnings alternative requires a minimal $100 preliminary funding.
Taygeta solicits funding in USD and varied cryptocurrencies.
Taygeta Conclusion
Taygeta represents it generates exterior income through a web-based on line casino they’ve arrange:
Taygeta host their on line casino on the area “taygeta.on line casino”, privately registered on April twenty fourth, 2023 (in different phrases, it was created similtaneously Taygeta’s MLM alternative).
Taygeta’s on line casino is represented to have been arrange by Livesoft, who Taygeta declare is a enterprise companion.
As a substitute of being sincere about being run from Russia (sanctions violations a-hoy!), Taygeta runs its on line casino by means of Taygeta Wager.
Taygeta Wager is hooked up to Fintech Szofver N.V and Fintech Szoftver Megoldások Kft.
Fintech Szofver N.V is a shell firm purportedly registered in Curacao. Fintech Szoftver Megoldások Kft is a shell firm purportedly registered in Hungary.
A fast have a look at Taygeta’s on line casino reveals a cookie-cutter gaming web site populated with third-party playing apps.
Whereas casinos are usually worthwhile, throughout the context of an MLM alternative providing passive returns they make no sense.
If Taygeta’s on line casino is already worthwhile, what do they want affiliate funding for?
If Taygeta’s on line casino isn’t worthwhile, how is affiliate funding going to alter that?
Bear in mind something invested into Taygeta is a legal responsibility, owing to passive returns and the MLM compensation plan. This implies the idea is there that the on line casino is already worthwhile after a couple of months – which brings us again to query one.
From a regulatory perspective Taygeta is providing securities by the use of passive returns.
Taygeta gives no proof it has registered with monetary regulators in any jurisdiction. Most notably Russia, prompting the Central Financial institution of Russia’s fraud warning.
That Taygeta’s response to this was altering its web site area speaks volumes.
Because it stands the one verifiable income coming into Taygeta is new funding.
Utilizing new funding to pay affiliate withdrawals would make Taygeta a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This can starve Taygeta of ROI income, finally prompting a collapse.
The mathematics behind Ponzi schemes ensures that once they collapse, nearly all of members lose cash.