Welcome to my Exchange Wallet (EXW) scam or legit review! I must congratulate you for taking the time to research this product before getting yourself in the claws of this most illegal business. We cannot be too careful these days.
In this review, we are going to go through all the aspects of this MLM (Multi Level Marketing) system. Is it a legit organization, or is it yet another scam?
If you have already been reading some of my product and program reviews, you know that my reviews are always completely honest and transparent. I never encourage my readers to join a program or buy a product or service, unless it is in their own interest, and not just mine.
After going through this review, you will be able to make your own decision on whether or not it is worth spending your time and / or money on it.
I wish you the very best in your research and for whatever your online projects maybe. Of course, if you have any questions, please use the comments’ section below and one of my readers, or myself, will quickly give you the answer.
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What is Exchange Wallet about?
Exchange Wallet runs in the Crypto Currency MLM specific niche.
The business supplies what seems to be some kind of virtual location in Slovenia on the website.
Directing this company is the CEO Christian Kurt Singer.
However, Christian Kurt Singer’s name just comes up on the web on Exchange Wallet’s site.
Also, Best (image on the right) does not have a digital trail or footprint, implying his business and service background are unidentified.
This lack of record is a significant warning recommending Singer does not exist, or may be utilizing a pseudonym.
In any case the CEO of any MLM business being an unidentified without any proven past is a warning and should be handled very carefully.
I must bring to your attention that the Exchange Wallet‘s site defaults to German. The website’s domain was likewise signed up utilizing an insufficient location in Carinthia, somewhere in Austria.
This recommends that this Exchange Wallet isn’t really running from Austria. Although there are some ties with surrounding Slovenia, they appear to be rather shallow.
Keep reading for a complete evaluation of this supposedly money making MLM (Multi Level Marketing opportunity.
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What products are sold by Exchange Wallet?
Exchange Wallet doesn’t have any retail-able services or products, with their affiliates just about able to recruit other affiliates for their down-line.
The Compensation Plan …
The Exchange Wallet‘s affiliates buy EXW tokens with the assurance of a marketed 0.1% up to 0.32% day-to-day ROI.
Exchange Wallet disburses day-to-day returns with EXW tokens.
The Exchange Wallet’s affiliate levels
There are 10 affiliate levels within Exchange Wallet’s comp plan.
In addition to their particular certification requirements, they are classified as follows:
- Standard – needs to recruit 1 affiliate
- Beginner – has to recruit 2 affiliates
- Builder – will have to recruit 3 affiliates, and
- Pro Builder – has to recruit at least 6 affiliates
- Specialist Builder – needs to recruit at least 8 affiliates
- Ambassador – will recruit 10 affiliates minimum
- Grand Ambassador – will have to recruit 12 affiliates
- Diamond – recruits 14 affiliates to qualify for this level
- Diamond Ambassador – will have to recruit 16 affiliates, and
- World Elite – 20 affiliates will be needed to qualify for this level
Commissions paid for referrals …
Exchange Wallet recompenses recommendation commissions through a “unilevel payment structure” …
The unilevel payment structure puts an affiliate to the very top of the unilevel group, with each and every personally enrolled affiliates positioned directly below them (at level 1):
If any affiliates at level 1 hire brand-new affiliates then, they are positioned at level two of the initial affiliate’s unilevel group.
So, if any of the level two affiliates enroll a brand-new affiliate, it will be put at level 3 and so on, going down a theoretically limitless variety of ranks.
Exchange Wallet limits recommendation commissions down 10 levels of enrollment …
- Level 1 is 50%
- Levels 2 and 3 is 20%
- Level 4 is 10%
- Levels 5 to 7 is 5%
- Levels 8 and 9 is 2%
- Level 10 is 1%
The number of levels the Exchange Wallet affiliates make in recommendation commissions on is figured out by rank …
- The Basic‘s ranked affiliate earns on level ONE
- A Starter‘s ranked affiliate earns on levels ONE and TWO
- The Builder‘s ranked affiliate earns on levels ONE, TWO and THREE
- Pro Builder‘s ranked affiliate will earn on levels ONE to FOUR
- An Expert Builder‘s ranked affiliate earns on levels ONE to FIVE
- The Ambassador‘s ranked affiliate earns on levels ONE to SIX
- A Grand Ambassador‘s ranked affiliate earns on levels ONE to SEVEN
- The Diamond‘s ranked affiliate earns on levels ONE to EIGHT
- The Diamond Ambassador‘s ranked affiliate earns on levels ONE to NINE
- And finally, the World Elite‘s ranked affiliate earns on levels ONE to TEN
Signing up with Exchange Wallet
The Exchange Wallet affiliate’s subscription has a connection with financial investment in EXW tokens. However, they do not define a minimum financial investment quantity or the present internal EXW worth on their site.
To conclude …
- Exchange Wallet is then another of these MLM crypto apps Ponzi plans.
- EXW Tokens are nothing but ERC-20 tokens, which only take about 5 minutes to set them up.
- The Ponzi component of the Exchange Wallet is exactly the same as any other MLM application wallet plan.
- EXW tokens are created as needed by the Exchange Wallet, and after that offered to innocent affiliates with the guarantee of day-to-day returns.
- EXW tokens on their own are worth nothing beyond Exchange Wallet! Whatever worth they hold within the Exchange Wallet is randomly decided by the business itself.
- As soon as their preliminary financial investment runs out the method, the Exchange Wallet affiliate gets more EXW tokens through recruitment as well as the everyday return.
- By obtaining more tokens, the affiliates can ultimately squander more than what their preliminary financial investment was through Exchange Wallet‘s internal exchange.
- The Exchange Wallet show they produce external income through crypto currency arbitrage.
- However, there isn’t any proof of this occurring, or any funding stemmed from arbitrage nor from any other outside source of earnings being utilized to pay the affiliates.
- In addition, Exchange Wallet program is rather plainly using a passive financial placement opportunity.
- This needs it to be registered with some securities regulators in each and every jurisdiction it gets financial investment in.
- The Exchange Wallet offers no indicator on its site that it actually has at least done so.
- Therefore, having actually “omitted” to register any of its passive financial placement opportunity with monetary regulators, the Exchange Wallet is at the very least committing a security fraud.
- In real Ponzi pyramid style, Exchange Wallet associates who have invested early on, and/or recruited the most, will be able to withdraw most of the invested funds.
- As soon as withdrawals go beyond the number of new financial investment, this Exchange Wallet is for sure going to collapse!
- So, the mathematics behind Ponzi plans warranties that when it collapses, most of the investors will lose money.
A final note …
So, it is obvious that this business opportunity is far from being legit. Therefore, one must keep well away from it. If you already have some dealings with it, STOP IMMEDIATELY!
You will never ever make any money with it. Even worse, you will lose every cent that you have already invested and all the work you have put in will be for nothing.
However, if you are looking for an honest way to make a living online, I suggest that you have a look at …
Thanks for reading this scam review …
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