WesFamer Crypto fails to supply possession or government data on their web site.
WesFamer Crypto’s web site area (“wesfamer-crypto.internet”), was first registered in June 2022. The non-public registration was final up to date on June 1st, 2024.
In an try to seem reputable, WesFamer Crypto claims it’s “a personal firm integrated in Australia”.
A search on the Australian authorities’s web site reveals no firm bearing the title WesFamer Crypto exists.
As at all times, if an MLM firm shouldn’t be overtly upfront about who’s operating or owns it, assume lengthy and onerous about becoming a member of and/or handing over any cash.
WesFamer Crypto’s Merchandise
WesFamer Crypto has no retailable services or products.
Associates are solely in a position to market WesFamer Crypto affiliate membership itself.
WesFamer Crypto’s Compensation Plan
WesFamer Crypto associates make investments funds on the promise of marketed returns:
- Wes Blue – make investments $100 to $1000 and obtain 3.5% in 24 hours
- Wes Crystal – make investments $1000 to $6000 and obtain 6% in 20 hours
- Wes Graph – make investments $6000 to $30,000 and obtain 9.95% in 18 hours
- Wes Golden – make investments $30,000 to $50,000 and obtain 15.05% in 36 hours
- Wes Bronzy – make investments $15,000 to $50,000 and obtain 12.5% in 7 days
- Wes Silver – make investments $50,000 to $500,000 and obtain 14.98% in 7 days
WesFamer Crypto pays referral commissions on invested funds by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel crew, with each personally recruited affiliate positioned straight beneath them (degree 1):
If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel crew.
If any degree 2 associates recruit new associates, they’re positioned on degree 3 and so forth and so forth down a theoretical infinite variety of ranges.
WesFamer Crypto caps payable unilevel crew ranges at 4.
Referral commissions are paid as a proportion of funds invested throughout these 4 ranges.
Particular referral fee charges are decided by how a lot a WesFamer Crypto affiliate has invested:
- Wes Blue tier associates obtain 5% on degree 1 (personally recruited associates), 5% on degree 2, 3% on degree 3 and 1.5% on degree 4
- Wes Crystal tier associates obtain 6% on degree 1, 5% on degree 2, 3% on degree 3 and 1.5% on degree 4
- Wes Graph and Wes Golden tier associates obtain 7% on degree 1, 5% on degree 2, 3% on degree 3 and 1.5% on degree 4
- Wes Bronzy tier associates obtain 10% on degree 1, 5% on degree 2, 3% on degree 3 and 1.5% on degree 4
- Wes Silver tier associates obtain 15% on degree 1, 5% on degree 2, 3% on degree 3 and 1.5% on degree 4
Becoming a member of WesFamer Crypto
WesFamer Crypto affiliate membership is free.
Full participation within the connected revenue alternative requires a minimal $100 funding.
WesFamer Crypto solicits funding in USD (Good Cash) and numerous cryptocurrencies.
WesFamer Crypto Conclusion
Though it’s not a 1:1 misappropriation, WesFamer Crypto could be very near WesFarmers (observe the “r”), a big Australian conglomerate. I imagine that is behind WesFamer Crypto pretending to be based mostly out of Australia.
WesFamer Crypto represents it generates exterior income by way of automated bot buying and selling.
No proof of WesFamer Crypto producing exterior income of any variety is offered.
Moreover, WesFamer Crypto’s enterprise mannequin fails the Ponzi logic take a look at.
If WesFamer Crypto already has a buying and selling bot producing 9.95% each 18 hours, what do they want your cash for? And why is WesFamer Crypto providing you entry without charge?
Because it stands the one verifiable income getting into WesFamer Crypto is new funding.
Utilizing new funding to pay ROI withdrawals would make WesFamer Crypto a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This may starve WesFamer Crypto of ROI income, finally prompting a collapse.
The mathematics behind Ponzi schemes ensures that after they collapse, the vast majority of individuals lose cash.