SolaRoad fails to offer possession or govt info on its web site.
SolaRoad’s web site area (“solaroad.io”), was privately registered on March sixteenth, 2023.
SolaRoad do present govt info offsite on their GitHub web page:
SolaRoad’s three featured executives are all purportedly based mostly within the US. Naturally none of them exist outdoors of not too long ago created LinkedIn profile.
“John Elways” is introduced as having held “senior administration positions” at Hewlett Packard.
This ties into SolaRoad claiming HewLett Packard is “one of many initiators of” their SolaDigital Basis.
I couldn’t discover any hyperlinks between Hewlett Packard and SolaRoad or SolaDigital Basis.
Hewlett Packard isn’t the one firm title SolaRoad falsely claims affiliation with:
Whereas I wasn’t capable of get names for the actors enjoying SolaRoad’s executives, I did land a number of hits tying “John Elways” to Thailand.
This corresponds to SolaRoad holding a staged advertising occasion in Thailand final month (take into accout the corporate has solely existed for lower than 3 months):
SolaRoad’s three govt actors had been all current on the occasion, which appeared to be geared toward south-east Asian traders.
SolaRoad’s advertising movies function “AI Ocean”, though this branding isn’t current on their web site.
One clue as to who’s truly behind SolaRoad may be discovered on this staged influencer advertising video:
The 2 actors within the video, introduced as social media influencers with tens of millions of followers, each have distinct jap European accents. So do all of the extras.
Notably, once more none of SolaRoad’s introduced three executives are within the video. Bit odd contemplating it’s speculated to be a a “go to to Sola Digital Basis Headquarters”.
I can’t say for certain however SolaRoad is probably going being run by Russians and/or Ukrainians – both from Thailand or working with associates in Thailand.
Stated associates possible have ties to China, as evidenced by SolaRoad’s Might fifteenth Macau advertising occasion registration kind:
That is obtainable on the area “solaroad.professional”, privately registered on April twenty fifth.
As at all times, if an MLM firm will not be overtly upfront about who’s operating or owns it, assume lengthy and laborious about becoming a member of and/or handing over any cash.
SolaRoad’s Merchandise
SolaRoad has no retailable services or products.
Associates are solely capable of market SolaRoad affiliate membership itself.
SolaRoad’s Compensation Plan
SolaRoad associates make investments $100 or extra value of tether (USDT) in ACoin.
SolaRoad converts ACoin into SOD token, which it then pays out a 1.5% each day return on.
The MLM facet of SolaRoad pays on recruitment of affiliate traders.
SolaRoad Affiliate Ranks
There are seven affiliate ranks inside SolaRoad’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Group Node 1 – persuade others to speculate 5000 USDT
- Group Node 2 – persuade others to speculate 30,000 USDT
- Group Node 3 – persuade others to speculate $150,000 USDT
- Group Node 4 – persuade others to speculate $500,000 USDT
- Group Node 5 – persuade others to speculate $1,500,000 USDT
- Group Node 6 – persuade others to speculate $4,500,000 USDT
- Group Node 7 – persuade others to speculate $13,500,000 USDT
Referral Commissions
SolaRoad pays an 8% referral fee down two ranges of recruitment.
Referral commissions are paid on tether invested by recruited associates throughout these two ranges.
Rank Achievement Bonuses
SolaRoad rewards associates for qualifying at Group Node 1 and better with the next Rank Achievement Bonuses:
- qualify at Group Node 1 and obtain a ten% each day ROI
- qualify at Group Node 2 and obtain a 20% each day ROI
- qualify at Group Node 3 and obtain a 30% each day ROI
- qualify at Group Node 4 and obtain a 40% each day ROI
- qualify at Group Node 5 and obtain a 50% each day ROI
- qualify at Group Nofe 6 and obtain a 60% each day ROI
- qualify at Group Node 7 and obtain a 70% each day ROI
What I’m not 100% clear on is whether or not the return is paid as a proportion of downline returns, or specified quantities hooked up to the ranks.
This isn’t going to assist a lot however right here’s SolaRoad’s convoluted crypto jargon clarification;
In SolaRoad group system, SolaDigital basis establishes tremendous computing system group contribution award.
Each computing of group member hyperlink will generate a contribution worth. When the group member owns the identification of group node 1, the member can receive the tremendous computing system contribution award.
The bigger the group system contribution worth is, the larger the return is.
I do know, my eyes glazed over after the primary sentence too.
Within the occasion the desired returns are paid on the hooked up USDT quantities, right here they’re for every rank:
- Group Node 1 – 500 USDT
- Group Node 2 – 1000 USDT
- Group Node 3 – 3000 USDT
- Group Node 4 – 6000 USDT
- Group Node 5 – 10,000 USDT
- Group Node 6 – 15,000 USDT
- Group Node 7 – 20,000 USDT
Be it a proportion of downline “staking” returns or the above quantities, there doesn’t look like any restrict to the Rank Achievement Bonus.
Rank Matching Bonus
Group Node 1 and better ranked SolaRoad associates earn a 2% match on Rank Achievement Bonus earnings on their downline.
The Rank Achievement Bonus Match is paid out by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel crew, with each personally recruited affiliate positioned immediately beneath them (degree 1):
If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel crew.
If any degree 2 associates recruit new associates, they’re positioned on degree 3 and so forth and so forth down a theoretical infinite variety of ranges.
SolaRoad caps the Rank Matching Bonus at ten unilevel crew ranges.
Becoming a member of SolaRoad
SolaRoad affiliate membership is free.
Full participation within the hooked up revenue alternative requires a minimal $100 funding in tether.
SolaRoad Conclusion
SolaRoad is a straightforward 1.5% a day “staking” mannequin Ponzi scheme.
That is wrapped up in copious quantities of AI advertising waffle.
It’s an apparent try to grift onto the latest AI explosion.
The fact nonetheless is SolaRoad has nothing to do with AI. In reality their advertising materials states they received’t have something to point out till 2025.
SolaRoad most important community is predicted to be launched in 2 years. It should change into crucial infrastructure within the period of computing, develop API interface and connect with international computing cluster server.
Breaking down SolaRoad’s Ponzi scheme, we have now a shitcoin and a shittoken.
There are 1 billion ACoins, which serves as a means of measuring funding in and withdrawals. Then you will have SOD, by which funding balances and returns are calculated on.
SolaRoad’s fraudulent funding scheme works till invested tether is exhausted, at which level SolaRoad collapses.
The mathematics behind Ponzi schemes ensures that once they collapse, nearly all of members lose cash.
