Following a sequence of launch disasters, iHub World victims are actually being funnelled into TranzactCard.
iHub World surfaced in early 2021. The corporate offered “Coolspot” Helium Community (HNT) mining units, which they pitched as “cash machines”.
Cue the same old crypto hopium advertising…
…and right here’s how HNT is definitely going circa July 2023:
Helium Community was a grift that pitched a WIFI community designed to be used with low-power “web of issues” units.
Between June 2021 and August 2022 Helium Community raised $53.3 million from gullible traders promoting mining machines. Simply $92,000 was generated from wifi community charges.
Helium Community, and by proxy iHub World, was nothing greater than a crypto spin on promoting miners shovels again within the gold rush period.
The solely individuals who made cash have been Helium Community and iHub World executives and prime recruiters.
After Helium Community collapsed iHub World, by means of “iHub Meta”, funneled associates into OpenView Community.
On its web site Openview Community states it’s
backed up by one of many largest reseller networks on the earth, i-Hub World, with over 1.4 million Associates worldwide.
Partnered with main third-party {hardware} suppliers and advert networks together with Bing, Google, Loop, Propellor, and extra.
Openview Community was alleged to launch an OVN cryptocurrency – however as an alternative exit-scammed with out delivering on its advertising guarantees.
This left iHub World associates (as soon as once more) holding “nugatory factors”.
Different grifts iHub World has pitched to associates embrace a reduction journey portal, ERC tax credit score scheme and LoopTV.
iHub Journey is a low-effort try to populate iHub World’s backoffice with a product/service.
The ERC tax credit score scheme continues to be round however LoopTV, one thing about promoting digital signage to companies, has additionally collapsed.
As disclosed on firm webinars, iHub World’s “strategic partnership” with TranzactCard “began just a few months in the past”.
A part of the settlement, which can see iHub World executives financially compensated for funneling associates into TranzactCard, is changing OVN factors into Z-Bucks.
As said by TranzactCard founder Richard Smith on a latest iHub World webinar;
You’re gonna be capable to take the factors that have been gonna go away, which are ineffective, we’re gonna have a conversion desk and also you come over and construct at TranzactCard. You’ll obtain Z-Bucks for that.
Z-Bucks are rewards provided by means of use of TranzactCard’s VISA debit card. TranzactCard represents every Z-Buck holds a $1 worth in its but to launch ecommerce platform.
iHub World CIO Eric Zhivalyuk claims iHub World has despatched out 200,000 emails selling TranzactCard.
The vast majority of these electronic mail recipients are believed to have misplaced cash throughout iHub World’s varied failed ventures.
A number of weeks in the past TranzactCard acknowledged its prelaunch has been “a large number”.
Up to now TranzactCard is shaping as much as be a repeat of Smith’s earlier failed MLM enterprise R Community; charges are collected on “coming quickly” guarantees that by no means eventuate.
Smith has set a November twelfth deadline for TranzactCard to launch as promised.
