SureX Change fails to supply possession or government data on its web site.
SureX Change’s web site area (“surexchange.io”), was first registered in August 2022. The non-public registration was final up to date on February twenty eighth, 2023.
SureX Change’s social media profiles have been created in October 2022, so this seems to be when the corporate launched.
If we have a look at SureX Change’s FaceBook profile, we are able to see it’s being operated from Malaysia:
A Could twenty second publish on SureX Change’s Instagram profile additionally reveals a staged charity occasion held in Malaysia:
SureX Change’s use of Chinese language in its advertising suggests it’s being run by people with ties to China from Malaysia.
This data led me to Jacky Zhou, who’s cited as SureX Change’s CEO:
One other SureX Change government we are able to title is CMO Willie Tan:
Probably as a consequence of language-barriers, I used to be unable to place collectively an MLM historical past on both Zhou or Tan.
Each Zhou and Tan are represented as being primarily based out of Malaysia, which inserts with SureX Change’s advertising.
Zhou is purportedly a Taiwanese nationwide. This likewise matches with SureX Change’s use of Conventional Chinese language.
Why Zhou and Tan aren’t featured on SureX Change’s web site is unclear.
As all the time, if an MLM firm will not be brazenly upfront about who’s working or owns it, suppose lengthy and laborious about becoming a member of and/or handing over any cash.
SureX Change’ Merchandise
SureX Change has no retailable services or products.
Associates are solely capable of market SureX Change affiliate membership itself.
SureX Change’s Compensation Plan
SureX Change presents associates three passive ROI fashions:
Staking
SureX Change associates make investments tether on the promise of a passive month-to-month ROI:
- make investments for 90 days and obtain 0.4% a month
- make investments for 180 days and obtain 0.5% a month
- make investments for 360 days and obtain 0.6% a month
Observe Commerce Fund
SureX Change additionally presents month-to-month funding plans arrange as “Observe Commerce Fund”:
By its Observe Commerce Fund, SureX Change associates make investments 100 to 10,000 USDT on the promise of as much as 21% a month.
Liquidity Swimming pools
SureX Change presents associates Liquidity Pool funding in two shit tokens.
SureX Change associates make investments tether into SLT. SLT is an inner shitcoin SureX Change represents is pegged to tether.
As soon as invested in, SLT is added to an SLT Liquidity Pool. SureX Change pays a passive return on SLT invested.
SLT Liquidity Pool withdrawals appeal to a ten% withdrawal price.
SureX Change associates can even make investments tether in ST token.
ST token began with an inner 10 cent worth. That is elevated by $0.001 per each $100 million in tether dumped into the ST Liquidity Pool.
ST Liquidity Pool withdrawals are paid 90% in tether and 10% obligatory reinvestment.
By its Liquidity Swimming pools, SureX Change pitches an “anticipated” 300% passive annual ROI:
The MLM facet of SureX Change pays on returns paid to recruited affiliate traders.
SureX Change Affiliate Ranks
There are 5 affiliate ranks inside SureX Change’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- VIP 1- generate 50,000 USDT in downline funding
- VIP2 – generate 150,000 USDT in downline funding
- VIP3 – recruit three VIP2 or increased ranked associates
- VIP4 – recruit three VIP3 or increased ranked associates
- VIP5 – recruit three VIP4 or increased ranked associates
Residual Commissions
SureX Change pays residual commissions through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel staff, 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 staff.
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.
SureX Change caps payable unilevel staff ranges at ten.
Residual commissions are paid out as a share of passive returns paid to associates throughout these ten ranges as follows:
- degree 1 (personally recruited associates) – personally make investments $100 to $900 and obtain 10%, make investments $1000 to $9900 and obtain 20% or make investments $10,000 or extra and obtain 50%
- ranges 2 to 10 – 2%
Rank Achievement Bonus
SureX Change rewards ranked associates with a bonus on their residual fee fee:
- VIP1s obtain a 2% bonus fee
- VIP2s obtain a 4% bonus fee
- VIP3s obtain a 6% bonus fee
- VIP4s obtain an 8% bonus fee
- VIP5s obtain a ten% bonus fee
Though not explicitly clarified, I consider these bonus charges solely apply to returns paid to personally recruited associates.
Technology Bonus
SureX Change pays a Technology Bonus on as much as 5 generations.
SureX Change defines a technology in a unilevel staff leg when a VIP3 or increased ranked affiliate is discovered within the leg.
This affiliate caps off the primary technology for that leg, with the second starting instantly after.
If a second VIP3 or increased affiliate exists deeper within the leg, they cap off the second technology. The third technology for that leg then begins instantly beneath.
If no second VIP3 or increased affiliate exists deeper within the leg, the second technology for that leg runs all the depth of the leg.
Word that generations are calculated independently in every unilevel staff leg.
Utilizing this technology construction, VIP3 and better ranked SureX Change associates qualify for the Technology Bonus as follows:
- VIP3 ranked associates earn 2% on as much as one technology per unilevel staff leg
- VIP4 ranked associates earn 2% on the primary technology, 1.5% on the second and 1% on the third
- VIP5 ranked associates earn 2% on the primary technology, 1.5% on the second, 1% on the third and 0.5% on the fourth and fifth
As with the Rank Achievement Bonus, I consider these bonus charges solely apply to returns paid to personally recruited associates.
President’s Membership
SureX Change’s President’s Membership is made up of the highest 10 recruiters globally and high three recruiters in every nation.
SureX Change units apart 5% of company-wide invested cryptocurrency. That is used to fund the President’s Membership, which pays out a “quarterly dividend”.
Journey, luxurious automobile and luxurious good bonuses are additionally referenced however no specifics are supplied.
Becoming a member of SureX Change
SureX Change affiliate membership is free.
Full participation within the hooked up earnings alternative requires funding in tether.
Word that whereas funding quantities are quoted in tether, SureX Change solicits funding in varied cryptocurrencies.
SureX Change Conclusion
The primary crimson flag SureX Change presents is thru a go to to its web site:
When an MLM firm restricts the US and Canada, it virtually confirms they’re doing one thing unlawful.
The explanation MLM corporations exclude the US and Canada is as a result of they’re essentially the most energetic on the subject of securities regulation.
SureX Change’s enterprise mannequin, as offered, isn’t unlawful within the US or Canada – supplied the corporate registers with monetary regulators and filed audited monetary experiences.
These experiences are the one solution to confirm an MLM firm is generated exterior income. And in the event that they’re not obtainable, that’s just about affirmation stated MLM firm isn’t doing what it claims to be.
However securities fraud is against the law the world over, not simply within the US and Canada.
With respect to SureX Change, if it wasn’t apparent there is no such thing as a exterior income. All that’s occurring on the backend is newly invested funds are being recycled to pay earlier investor withdrawals.
In all probability the weakest level of SureX Change’s charade is its Observe Commerce Fund.
Of the 73 “merchants” featured, not a single considered one of them is within the crimson.
I ought to level out that as a substitute of working legally, SureX Change offers meaningless shell firm and FINCEN cerfiticates.
These are usually not an alternative choice to registration with monetary regulators. The FINCEN registration certificates is especially amusing, given SureX Change is evidently scared of the DOJ & SEC.
Jacky Zhou, who in SureX Change advertising is credited with “9 years buying and selling expertise” however in a advertising video claims he solely obtained into buying and selling throughout COVID-19 lockdowns, apparently sees himself as the following Changpeng Zhao.
Funnily sufficient, the SEC sued Zhao and his crypto trade Binance earlier this month on a raft of civil fraud expenses.
Though not confirmed, an indictment in opposition to Zhao is believed to be pending.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This can starve SureX Change of ROI income, ultimately prompting a collapse.
The maths behind Ponzi schemes ensures that once they collapse, nearly all of contributors lose cash.
