Ataash fails to supply verifiable possession or government data on its web site.
Ataash names “Arthur Henry Chapman” as its Chairman and founder on its web site. Past a reputation although, no additional data is offered.
Over on YouTube we discover Ataash advertising movies that includes Fiverr model advertising movies (an actor standing in entrance of a greenscreen):
Ataash’s web site area (“ataash.com”), was privately registered on November twenty fourth, 2023.
In an try to seem reliable, Ataash gives shell firm certificates for the US and UK.
Because of the ease with which scammers are capable of incorporate shell corporations with bogus particulars, for the aim of MLM due-diligence these certificates are meaningless.
Quite a few spelling and grammatical errors on Akaash’s web site recommend it’s run by non-native English audio system.
As at all times, if an MLM firm shouldn’t be brazenly upfront about who’s operating or owns it, suppose lengthy and exhausting about becoming a member of and/or handing over any cash.
Ataash’s Merchandise
Ataash has no retailable services or products.
Associates are solely capable of market Ataash affiliate membership itself.
Ataash’s Compensation Plan
Ataash associates make investments USD equivalents in cryptocurrency.
That is carried out on the promise of marketed returns:
- Micro – make investments $50 to $4999 and obtain 1.25% to 1.5% a day for 160 days
- Silver – make investments $5000 to $24,999 and obtain 1.5% to 1.75% a day for 160 days
- Stellar – make investments $25,000 to $49,999 and obtain 1.75% to 2% a day for 140 days
- Pheonix [sic] – make investments $50,000 or extra and obtain 2% to 2.5% a day for 140 days
The MLM aspect of Ataash pays on recruitment of affiliate traders.
Referral Commissions
Atassh pays referral commissions on invested cryptocurrency down three ranges of recruitment (unilevel):
- stage 1 (personally recruited associates) – 6%
- stage 2 – 2%
- stage 3 – 1%
Residual Commissions
Ataash pays residual commissions by way of a binary compensation construction.
A binary compensation construction locations an affiliate on the prime of a binary staff, break up into two sides (left and proper):
The primary stage of the binary staff homes two positions. The second stage of the binary staff is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary staff are generated as required, with every new stage housing twice as many positions because the earlier stage.
Positions within the binary staff are stuffed by way of direct and oblique recruitment of associates. Observe there is no such thing as a restrict to how deep a binary staff can develop.
On the finish of every day, Ataash tallies up new funding quantity on each side of the binary staff.
Residual commissions are paid as a share of latest funding generated on the weaker binary staff aspect.
- Micro tier associates obtain an 8% residual fee fee, capped at $600 per day
- Silver tier associates obtain an 8% residual fee fee, capped at $2000 per day
- Stellar tier associates obtain a 9% residual fee fee, capped at $5000 per day
- Pheonix [sic] tier associates obtain a 9% residual fee fee, capped at $10,000 per day
Company Milestones Bonus
Ataash rewards associates for producing downline funding:
- persuade others to speculate $1000 and obtain a $50 credited Ataash funding
- persuade others to speculate $2500 and obtain a $75 credited Ataash funding
- persuade others to speculate $5000 and obtain a $125 credited Ataash funding
- persuade others to speculate $7500 and obtain a $250 credited Ataash funding
- persuade others to speculate $10,000 and obtain a $600 credited Ataash funding
- persuade others to speculate $25,000 and obtain a $1250 credited Ataash funding
- persuade others to speculate $50,000 and obtain a $2500 credited Ataash funding
- persuade others to speculate $100,000 and obtain a $5500 credited Ataash funding
- persuade others to speculate $250,000 and obtain a $11,000 credited Ataash funding
- persuade others to speculate $500,000 and obtain a $22,000 credited Ataash funding
- persuade others to speculate $1,000,000 and obtain a $45,000 credited Ataash funding
- persuade others to speculate $5,000,000 and obtain a $250,000 credited Ataash funding
Recruitment Bonus
Ataash rewards associates for recruiting affiliate traders.
- recruit twenty-five affiliate traders and obtain $100
- recruit fifty affiliate traders and obtain $250
- recruit 100 affiliate traders and obtain $500
- recruit 2 hundred and fifty affiliate traders and obtain $1000
- recruit 5 hundred affiliate traders and obtain $2000
- recruit one thousand affiliate traders and obtain $5000
- recruit two thousand affiliate traders and obtain $10,000
- recruit 5 thousand affiliate traders and obtain $25,000
Becoming a member of Ataash
Ataash affiliate membership is free.
Full participation within the connected earnings alternative requires a minimal $50 funding.
Ataash solicits funding in numerous cryptocurrencies.
Ataash Conclusion
Ataash claims it generates exterior income by way of “worthwhile ventures”, resembling “crypto buying and selling, cloud mining, futures buying and selling, margin buying and selling, staking, ICOs, IPOs, and gold and silver buying and selling”.
No proof of Ataash producing exterior income of any form is offered.
Moreover, Ataash’s enterprise mannequin fails the Ponzi logic check.
If Ataash is already capable of legitimately generate 2.5% a day on a constant foundation, what do they want your cash for?
Because it stands, the one verifiable income getting into Ataash is new funding.
Utilizing new funding to pay affiliate withdrawals would make Ataash a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This can starve Ataash of ROI income, finally prompting a collapse.
The maths behind Ponzi schemes ensures that after they collapse, nearly all of contributors lose cash.