GIG Dece fails to offer verifiable possession or govt info on its web site.
Whereas GIG Dece does present a listing of executives, they’re fictional names represented by stolen profile pictures:
BehindMLM got here throughout Gig Dece in our MetaAIBox evaluation from a number of days in the past. The identical scammers are behind each schemes.
Apparently MetaAIBox is a confirmed Boris CEO Ponzi fronted by a Russian instructor.
GIG Dece’s official FaceBook web page is run from India:
This presents us with a number of prospects:
- Indian scammers hiring Russians to entrance their scams;
- Indian scammers working with Russian scammers; or
- Russian scammers outsourcing social media administration to Indians
Personally my cash is on choice three.
GIG Dece’s web site area (“gigdece.com”), was privately registered on June sixth, 2024.
As all the time, if an MLM firm will not be brazenly upfront about who’s working or owns it, assume lengthy and laborious about becoming a member of and/or handing over any cash.
GIG Dece’s Merchandise
GIG Dece has no retailable services or products.
Associates are solely in a position to market GIG Dece affiliate membership itself.
GIG Dece’s Compensation Plan
GIG Dece associates make investments $10 or extra in GIGChain token (GIG).
As soon as acquired, GIG tokens are used to take part in a “staking” mannequin funding scheme.
GIG Dece don’t disclose specifics about their staking funding scheme however do reference it on their web site:
Lively staking is required to qualify for referral bonuses at every stage.
The MLM aspect of GIG Dece sees it pay referral commissions by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel workforce, with each personally recruited affiliate positioned straight below them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel workforce.
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.
GIG Dece caps payable unilevel workforce ranges at 4. Referral commissions are paid as a share of funds invested throughout these 4 ranges as follows:
- stage 1 (personally recruited associates) – 4%
- stage 2 – 3%
- stage 3 – 2%
- stage 4 – 1%
Becoming a member of GIG Dece
GIG Dece affiliate membership is free.
Full participation within the hooked up earnings alternative requires a minimal $10 funding in GIG tokens.
GIG Dece Conclusion
GIG Dece is a front-loaded pump and dump shit token scheme with a “staking” Ponzi backend.
GIG tokens are nugatory outdoors of GIG Dece. GIG Dece has created 1.12 billion GIG tokens, which they’re flogging to customers on demand.
Bagholding whereas firm homeowners promote is constructed into GIG Dece’s enterprise mannequin:
You may redeem as much as 50% of your Purchase Coin quantity at any time earlier than the coin launches on an trade.
The staking aspect of GIG Dece is your typical “staking” mannequin Ponzi. Associates spend money on GIG, stake GIG and obtain extra GIG tokens. That is completed with the hope of cashing out earlier than different buyers do.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This may starve GIG Dece of ROI withdrawal income, ultimately prompting a collapse.
It needs to be famous that GIG Dece might need already collapsed:
As above, GIG Dece’s final FaceBook submit is dated January third, 2025. Over on GIG Dece’s official Telegram group, buyers are claiming GIG Dece’s admins have “vanished”:
Consideration has seemingly shifted to MetaAIBox and different fraudulent funding schemes run by the identical group of scammers.
Math ensures that when a Ponzi scheme inevitably collapses, nearly all of members lose cash.