Health club Community is a GYMNET BEP-20 token Ponzi scheme.
Launched in early 2022, Health club Community is/was headed up by CEO Claudio Catrini.
At this time, right here’s how Health club Community and its GYMNET Ponzi scheme are going:
On or round August 2022, Health club Community introduced Health club Road. Health club Community markets Health club Road as “the Metaverse counterpart of Wall Road.”
What Health club Road actually was is an excuse to combine NFT and metaverse scamming into Health club Community. It additionally launched VBTC.
Like GYMNET, VBTC is believed to be one other BEP-20 shit token. These could be created on demand at little to no value.
On the manager aspect of issues Claudio Catrini is now a Health club Road “Advisor”:
We’re undecided if this implies Catrini is a puppet or if he’s actively hiding his involvement.
Health club Road’s web site cites Frank Roehrig (proper) as CEO of the corporate.
Supporting Catrini hiding his involvement is Roehrig not having a verifiable MLM historical past. Roehrig has a FaceBook profile that seems to have been bought/created earlier this 12 months.
Roehrig’s LinkedIn profile represents he has a non-MLM gross sales and advertising background.
Health club Road’s enterprise mannequin sees associates buy $100 NFT positions.
Consider NFT positions as revenue positions. Health club Road associates can then make investments as much as $200 per NFT place they personal, damaged up into $50 investments.
This involves a complete of $300 ($100 NFT buy + $200 funding), which Health club Road pitches a 100% ROI on (200% in Ponzi math).
What associates hope to money their nugatory VBTC tokens for are subsequently invested funds. This makes Health club Road a Ponzi scheme.
The MLM aspect of the enterprise is usually the identical as Health club Community. The one distinction I can see are necessary NFT place bought have been baked into rank qualification standards:
- Members need to buy a $100 NFT place
- Rookie Is need to buy $250 in NFT positions
- Rookie IIs need to buy $500 in NFT positions
- Rookie IIIs and Novice Is need to buy $1000 in NFT positions
- Novice IIIs to Execs need to purcahse $5000 in NFT positions
- Senior Professional Is to Champion IIs need to buy $10,000 in NFT positions
- Champion IIIs to Co-Coach IIIs need to buy $20,000 in NFT positions
- Coach Is to Coach IIIs need to buy $25,000 in NFT positions
- Vice Presidents need to buy $30,000 in NFT positions
- Presidents need to buy $35,000 in NFT positions
- Legends need to buy $40,000 in NFT positions
I’m not 100% positive on the $250 Rookie buy requirement, seeing as Health club Road NFT positions are $100 every.
These necessities seemingly embrace the $50 investments, along with the $100 NFT place purchases.
Health club Road Advertising and marketing, pushing associates to take a position $17,500 to unlock 22 compensation ranges, references “Land & Miner bundles”.
Inside Health club Road’s Ponzi scheme “land” refers to NFT positions. “Miners” discuss with the $50 investments.
Whereas an affiliate can simply make investments manually, Health club Road additionally presents “tremendous bundles”:
What we study from Tremendous Bundles is that Health club Road returns look like paid out for 12 months (“electrical energy”). After this reinvestment is required to proceed incomes.
Trying ahead, Health club Road can be seeking to incorporate a “staking” Ponzi scheme into their enterprise mannequin:
Like Health club Community, Health club Road requires fixed recruitment of latest affiliate buyers to maintain itself. When this inevitably slows down, Health club Road collapses.
At time of publication SimilarWeb is monitoring only some thousand month-to-month visits to each Health club Community’s and Health club Road’s web sites.
For an MLM Ponzi scheme, even one with its personal shit tokens, that is an inevitable highway to break down.
One final change to notice between Health club Community and Health club Road is Health club Road’s Community offers a company deal with in Dubai.
Particularly, Health club Community and Health club Road are purportedly run by means of the shell firm Meta Networks FZCO.
Dubai is the MLM crime capital of the world.
BehindMLM’s tips for Dubai are:
- If somebody lives in Dubai and approaches you about an MLM alternative, they’re making an attempt to rip-off you.
- If an MLM firm relies out of or represents it has ties to Dubai, it’s a rip-off.
