Netmi staking and MLM Ponzi Risks review

Netmi Review: Unmasking the MLM Crypto Ponzi Scheme

Netmi raises significant concerns as it fails to disclose ownership and executive information on its website.

This lack of transparency is compounded by the fact that the website domain “netmi.org” was privately registered on February 21st, 2023.

When a company is not forthcoming about its leadership, caution should be exercised before considering any involvement or financial investment.

Netmi’s Product Offering

Netmi’s business model lacks any tangible retail products or services for affiliates to market.

Instead, affiliates are limited to promoting Netmi’s affiliate membership itself, a red flag in the MLM industry.

Netmi logo

Netmi’s Compensation Plan

Netmi affiliates are enticed to invest in cryptocurrency with promises of lucrative returns.

These investment options are as follows:

 

1. Lite – Invest $50 to $999 and receive a daily return of 0.75% for 200 days.

2. Standard – Invest $1000 to $4999 and receive a daily return of 0.8% for 210 days.

3. Advanced – Invest $5000 to $14,999 and receive a daily return of 0.9% for 220 days.

4. Ultimate – Invest $15,000 to $500,000 and receive a daily return of 1% for 230 days.

The MLM aspect of Netmi primarily rewards affiliates for recruiting new investors.

Netmi Affiliate Ranks

Netmi’s compensation plan includes five affiliate ranks, each with specific qualification criteria:

1. Starter – Enroll as a Netmi affiliate.

2. Silver – Invest at least $50 or convince others to invest at least $500.

3. Gold – Invest at least $1000 or convince others to invest at least $3000.

4. Sapphire – Invest at least $5000 or convince others to invest at least $10,000.

5. Ruby – Invest at least $15,000 or convince others to invest at least $50,000.

Netmi flexible options

Referral Commissions

Netmi employs a unilevel compensation structure to pay referral commissions, where affiliates are organized into levels based on recruitment:

– Starter affiliates earn 3% on level 1 (personally recruited affiliates) and 1.5% on level 2.

– Silver affiliates earn 4% on level 1, 1.7% on level 2, and 0.5% on level 3.

– Gold affiliates earn 5% on level 1, 2% on level 2, 1% on level 3, and 0.5% on level 4.

– Sapphire affiliates earn 6% on level 1, 2.5% on level 2, 1% on level 3, 0.7% on level 4, and 0.3% on level 5.

– Ruby affiliates earn 8% on level 1, 3% on level 2, 2% on level 3, 1% on level 4, 0.5% on level 5, and 0.2% on level 6.

Volume Bonus

Netmi offers a Volume Bonus to affiliates who achieve specific referral commission milestones.

The bonus is a combination of cash and Premium Balance, which is not withdrawable and must be reinvested.

Performance Bonus

The Performance Bonus rewards affiliates for personally convincing others to invest.

Similar to the Volume Bonus, it includes cash and Premium Balance, with the latter being non-withdrawable and requiring reinvestment.

Joining Netmi

Becoming a Netmi affiliate is free, but full participation in the income opportunity necessitates a minimum $50 investment.

Netmi accepts investments in various cryptocurrencies.

Netmi operates as a Ponzi scheme masquerading under the guise of “staking.”

Netmi staking

While it claims to manage digital assets for clients and investors, there is no concrete evidence to support this assertion.

Instead, Netmi relies on new investments from affiliates to sustain its operations, a classic hallmark of a Ponzi scheme.

As history has shown, Ponzi schemes like Netmi are destined to collapse once recruitment slows down, leaving the majority of participants with financial losses.

It is imperative to exercise extreme caution and due diligence when considering involvement with such enterprises.


Editor at FraudWatchAi

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