ProTradex fails to offer possession or govt info on its web site.
In reality as I write this, makes an attempt to deliver up ProTradex’s web site returns a clean web page.
ProTradex’s MLM alternative runs off the subdomain “dapp.protradex.finance”, which not like the primary web site is operational.
ProTradex’s web site area was privately registered on February seventh, 2023.
As of March 2023, SimilarWeb tracked prime sources of site visitors to ProTradex’s web site as Taiwan (46%), China (24%) and the US (18%).
This tracks with the vast majority of ProTradex advertising I got here throughout being directed as Chinese language audio system.
It’s extremely probably whoever is working ProTradex has ties to both Taiwan or China.
As all the time, if an MLM firm is just not brazenly upfront about who’s working or owns it, assume lengthy and onerous about becoming a member of and/or handing over any cash.
ProTradex’s Merchandise
ProTradex has no retailable services or products.
Associates are solely capable of market ProTradex affiliate membership itself.
ProTradex’s Compensation Plan
ProTradex associates make investments 100 tether (USDT) or extra on the promise of a 1% day by day ROI.
Returns are paid for 7 days, after which reinvestment is required to proceed incomes.
The MLM aspect of ProTradex pays on recruitment of affiliate traders.
ProTradex Affiliate Ranks
There are 5 affiliate ranks inside ProTradex’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- S1 – generate $50,000 in downline funding
- S2 – have two S1 associates in your downline
- S3 – have two S2 associates in your downline
- S4 – have three S3 associates in your downline
- S5 – have three S4 associates in your downline
Notice that when S3 rank has been certified for, it’s the minimal rank a ProTradex affiliate will drop to if qualification standards is just not met.
ROI Match
ProTradex pays a match on day by day returns paid to downline associates.
- S1 ranked associates earn a 20% match
- S2 ranked associates earn a 30% match
- S3 ranked associates earn a 40% match
- S4 ranked associates earn a 50% match
- S5 ranked associates earn a 60% match
It’s unclear whether or not there’s any restrictions on what number of recruitment ranges the ROI match is paid on.
Token Subscription Funding Scheme
Along with the passive returns scheme ProTradex runs alongside its MLM alternative, the corporate additionally runs a “token subscription scheme”.
Token subscription investments can be found in three tiers (5000 to fifteen,000 USDT).
The principle distinction between token subscription funding and common funding isn’t any MLM commissions and invested USDT is locked for six months.
Becoming a member of ProTradex
ProTradex affiliate membership is free.
Full participation within the connected earnings alternative requires a minimal 100 USDT funding.
ProTradex Conclusion
ProTradex markets itself with a bunch of crypto bro nonsense:
ProTradex is a one-stop monetary providers platform specialised within the crypto decentralized derivatives phase. It focuses on offering liquidity to crypto property and enhancing capital utilization (together with NFT & FT property).
ProTrade has constructed an AI-driven arbitrage technique based mostly on years of market-proven expertise within the derivatives phase.
Whereas on the identical time we’re deeply revolutionizing NFTFi and additional unlocking the worth saved in blue-chip NFTs that should not have liquidity. Within the course of we will even make vital positive aspects by way of derivatives methods.
If none of that made any sense to you, don’t fear; it’s not suppose to.
ProTradex frontloads its advertising with crypto buzzwords. That is to cover the easy Ponzi scheme it’s working.
The “crypto decentralized derivatives phase” (lol), NFTs and AI don’t have anything to do with ProTradex. All they’re doing is recycling newly invested funds to repay current traders.
Connected to that is an MLM compensation plan, including a pyramid layer to the scheme.
ProTradex’s NFT and AI posturing turns into much more absurd, when you think about it
- doesn’t have a functioning web site; and
- runs the funding aspect of its enterprise on a cookie-cutter free template (see under)
In China cryptocurrency is outright unlawful. In China, Taiwan and the US, passive funding schemes are regulated as securities.
ProTradex offers no proof it has registered with monetary regulators in any jurisdiction. Securities fraud and Ponzi schemes go hand in hand.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This may starve ProTradex of ROI income, ultimately prompting a collapse.
The mathematics behind Ponzi schemes ensures that once they collapse, the vast majority of members lose cash.
