Diamond Jubilee 7, also called DJ7, operates from two recognized web site domains:
- diamondj7.data – registered by “Diamond Jubilee 7” on November twenty third, 2021
- diamondj7.com – privately registered on June thirteenth, 2021
Heading up DJ7 is creator and CEO Maxsam Madume.
On FaceBook Madume goes by Wamambo Maxsam.
Madume claims he was “born in Zimbabwe and now primarily based in United Kingdom”. Assuming he’s nonetheless within the UK, this implies DJ7 is operated from the UK.
Madume has been selling fraudulent funding and gifting schemes since at the least 2016:
FutureNet began off as an adcredit Ponzi cycler in 2014. Following a number of reboots, FutureNet house owners Roman Ziemian and Stephan Morgenstern had been arrested in late 2022.
Different Ponzi and gifting schemes Madume has promoted embody DataBank, CoinMarketBull, Girali, Ikonbot, Forsage, SuperOne, Doubleway, Eagle Bit Commerce and Mass Cryp.
Learn on for a full assessment of DJ7’s MLM alternative.
Diamond Jubilee 7’s Merchandise
DJ7 has no retailable services or products.
Associates are solely capable of market Diamond Jubilee 7 affiliate membership itself.
As soon as signed up, DJ7 associates make gifting funds to different associates.
By their participation in DJ7’s gifting scheme associates obtain advert credit.
These advert credit can be utilized to show promoting to different DJ7 associates.
Diamond Jubilee 7’s Compensation Plan
DJ7 associates buy gifting positions in tron (TRX).
DJ7 makes use of a 2×3 matrix construction to coordinate gifting funds between associates.
A 2×3 matrix locations an affiliate on the prime of a matrix, with three positions straight beneath them.
These three positions type the primary degree of the matrix.
The second degree of the matrix is generated by splitting these first two positions into one other two positions every (4 positions).
The third degree is generated in the identical method and provides an extra eight positions to the matrix.
Positions in every matrix are stuffed through direct and oblique recruitment of associates.
Purchase-ins from the third degree (8 positions) are paid to the place on the prime of every matrix. As soon as full, the highest place “cycles” out and two new 2×3 matrices are created from the 2 second degree positions.
There are three matrix gifting tiers in DJ7. Funds throughout the tiers are detailed under.
DJ7 Suprelite
An preliminary 300 TRX preliminary buy-in purchases ten positions in a DJ7 Superlite matrix tier.
There are two DJ7 Superlite tiers.
Biking out of the primary DJ7 Superlite matrix tier
- pays 38 TRX
- generates a 40 TRX price for Maxsam Madume and
- generates a brand new DJ7 Superlite tier 2 place
Tier 2 of DJ Superlite operates in the identical method as tier one – with the exception that two private recruits are wanted as a way to cycle out.
Biking out of the second DJ7 Superlite matrix tier
- pays 260 TRX
- generates a 1600 TRX price for Maxsam Madume
- generates 32 new DJ7 Superlite tier one positions and
- generates 3 new DJ7 Lite matrix tier positions
DJ7 Lite
There are two DJ7 Lite tiers.
Biking out of the primary DJ7 Lite tier requires 5 private recruits and
- pays 80 TRX
- generates a 400 TRX price for Maxsam Madume
- generates 3 new DJ7 Lite tier one positions and
- generates a brand new DJ7 Lite tier two place
Biking out of the second DJ7 Lite tier requires 5 private recruits and
- pays 1040 TRX
- generates a 3200 TRX price for Maxsam Madume
- generates 8 new DJ7 Lite tier one positions and
- generates 8 new DJ7 Basic matrix tier positions
DJ7 Basic
There are 4 DJ7 Basic tiers.
Biking out of the primary DJ7 Basic tier requires ten private recruits and
- pays 120 TRX
- generates a 600 TRX price for Maxsam Madume
- generates 3 new DJ7 Basic tier one positions and
- generates a brand new DJ7 Basic tier two place
Biking out of the second DJ7 Basic tier requires ten private recruits and
- pays 1230 TRX
- generates a 2400 TRX price for Maxsam Madume
- generates 7 new DJ7 Basic tier one positions and
- generates a brand new DJ7 Basic tier three place
Biking out of the third DJ7 Basic tier requires ten private recruits and
- pays 5520 TRX
- generates a 9600 TRX price for Maxsam Madume
- generates 24 new DJ7 Basic tier one positions and
- generates a brand new DJ7 Basic tier 4 place
Biking out of the fourth DJ7 Basic tier requires ten private recruits and
- pays 74400 TRX
- generates a 76,800 TRX price for Maxsam Madume and
- generates 16 new DJ7 Basic tier one positions
Withdrawal Penalty
DJ7 withholds 30% of all affiliate withdrawal requests. Withheld funds should be used to buy new matrix positions.
Non-Certified Cycle Funds
DJ7 takes gifting funds not paid to non-qualified associates (associates who fail to fulfill recruitment necessities), and place it right into a “Golden TRX Pot”.
The Golden TRX Pot is paid out month-to-month to DJ7’s prime recruiters.
Becoming a member of Diamond Jubilee 7
Diamond Jubilee 7 affiliate membership is tied to a 300 TRX gifting buy-in.
Diamond Jubilee 7 Conclusion
DB7 markets itself because the
World’s First Distinctive Closed Matrix Promoting and Crowdfunding Idea.
In actuality DJ7 is a cookie-cutter unlawful gifting scheme, with tacked on adcredits. That is neither a “world first” or “distinctive”.
Gifting schemes are unlawful. For proof of that we want look no additional than the FTC’s case in opposition to Blessings in No Time. And the SEC has clarified that including adcredits to fraudulent schemes doesn’t make them authorized.
Maxsam Madume (proper) has come to the belief realizing working gifting schemes is way extra worthwhile than collaborating in them.
In DB7 particularly, this may be seen within the admin charges Madume skims off the highest of every cycle. That’s on prime of the phantom admin positions Madume has, which had been entered into DB7 without charge.
As for the crowdfunding angle, contributors in a gifting scheme paying one another isn’t crowdfunding. The important thing differentiating issue is folks shopping for right into a gifting scheme on the expectation of revenue.
This isn’t how crowdfunding works. If I crowdfund a challenge, I’m not going to earn cash by recruiting new contributors.
As with all gifting schemes, Madume as admin of the scheme, early joiners and prime recruiters will obtain many of the TRX gifted in.
For Madume particularly, as admin of DB7, this happens by way of phantom admin positions. These positions are added earlier than DB7 launches, and cycle cycle as much as the DB7 Basic tier first.
DB7 Basic is the place the vast majority of TRX gifted into DB7 is hoovered up by Madume, early DB7 contributors and prime recruiters.
And this after all occurs on the expense of the remainder of DB7’s contributors, the vast majority of that are mathematically assured to lose cash.
Because it stands it seems DB7 has collapsed already at the least as soon as:
DB7’s newest reboot was launched in June 2023. Gifting reboots are usually topic to diminishing returns, with solely the small group who’ve profited in search of out new victims.
Except you’re eager to enroll and lose cash to an already collapsed unlawful gifting scheme, keep away from.
