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HomeNetwork MarketingFailed Givvo ecommerce platform Ponzi reboot

Failed Givvo ecommerce platform Ponzi reboot


Ultron is being launched as a part of Givvo. The roll-out is a bit unusual.

Ultron is being launched as a stand-alone alternative, initially hosted off Givvo’s web site:

That subdomain was working up till just lately. It’s now been disabled.

So far as I can inform, Givvo presently doesn’t have a standalone internet presence. Nonetheless we all know it’s tied to Givvo.

Givvo guarantees to “change the truth that 99% of individuals by no means win at life?”

GIVVO’s foremost concept got here from a easy want; the best way to fulfill everybody’s deepest wishes and on the similar time make the world higher.

Givvo presents itself as a donations platform for undisclosed “humanitarian organizations”.

By way of the “Donations Marketing campaign,” GIVVO raises cash for one of many partnered licensed Humanitarian Organizations.

When the marketing campaign is completed, we are going to current how this group used donated cash.

Givvo is basically an ecommerce platform with a donation backend. You purchase merchandise on their platform and obtain “donation factors”. Donation factors are put into pre-organized campaigns.

I imagine all Givvo are doing is funneling what would in any other case be buyer cashback into donations.

Hooked up to Givvo is a referral revenue alternative:

Alexa presently ranks visitors to Givvo’s web site at 2.8 million. This isn’t a lot.

As to who’s working Givvo, and by extension Ultron, no firm possession particulars are supplied.

Within the “marketing campaign guidelines” part of Givvo’s web site, it represents it’s being run by means of the UK shell firm Prizer22 LTD.

An MLM firm working or claiming to function out of the UK is a pink flag.

UK incorporation is filth low cost and successfully unregulated. On prime of that the FCA, the UK’s prime monetary regulator, don’t actively regulate MLM associated securities fraud.

Consequently the UK is a popular jurisdiction for scammers trying to incorporate, function and promote fraudulent firms.

For the aim of MLM due-diligence, incorporation within the UK or registration with the FCA is meaningless.

Givvo’s official FaceBook web page is managed from Slovakia and Slovenia. That is in step with the corporate’s ecommerce platform working in euros.

In September 2021 Givvo uploaded an occasion video to their YouTube channel:

The man within the video is Matej Cifra, a YouTuber from Slovakia. Cifra runs the YouTube channel Sajfa.

I wasn’t in a position to verify how concerned in Cifra is in Givvo or Ultron.

Cifra led me to somebody I can verify is closely concerned in Givvo, Tobias Sukenik.

In 2019 Sukenik co-founded TBF Worldwide, a CBD MLM firm. In 2020 TBF Worldwide was bought off to Kannaway.

Within the BusinessForHome article linked above, TBF Worldwide’s different co-founders are recognized as Michal Kyselica and Michal Prazenica

Kyselica appears to have moved on however on LinkedIn, Michal Prazenica identifies himself as CEO of Givvo.

In 2018, previous to co-founding TBF Worldwide, a BehindMLM reader tied Sukenik and Prazenica to the BeReal Property Ponzi scheme.

I noticed right here that I might have saved myself a little bit of time as one other reader, (remark #27), had already recognized Sukenik and Prazenica to Givvo.

That was in October 2021. Particulars of Givvo’s enterprise mannequin weren’t accessible so I wasn’t in a position to publish a evaluate.

One more reader just lately reached out to me requesting a Givvo/Ultron evaluate. This time I used to be in a position to oblige.

In keeping with their respective social media profiles, each Tobias Sukenik and Michal Prazenica are based mostly out of Dubai.

Attributable to restricted extradition treaties and non-existent regulation of MLM associated securities fraud, Dubai supplies a safe-haven for scammers.

BehindMLM considers Dubai to be the MLM rip-off capital of the world. Any MLM firm that’s based mostly out of Dubai, or has executives based mostly there, raises automated pink flags.

Givvo and Ultron’s enterprise operations look like unfold between Dubai, Slovakia and Slovenia.

As at all times, if an MLM firm will not be overtly upfront about who’s working or owns it, assume lengthy and arduous about becoming a member of and/or handing over any cash.

Ultron’s Merchandise

Ultron has no retailable services or products.

Associates are solely in a position to market Ultron affiliate membership itself.

Ultron’s Compensation Plan

Ultron associates spend money on ULTRON tokens on the promise of marketed returns.

Ultron tokens are bought to associates for 1 cent every in three packages:

  • €500 EUR
  • €1500 EUR
  • €5000 EUR

All packages include 20% bonus ULTRON tokens.

As soon as acquired, ULTRON tokens are parked with the corporate on the promise of marketed returns.

The ROI paid on Ultron token funding is set by how lengthy an affiliate invests their tokens for:

  • 0.2% a day for the primary 12 months
  • 0.1% a day for the second 12 months
  • 0.05% a day for the third 12 months
  • 0.025% a day for the fourth 12 months
  • 0.012% a day for the fifth 12 months

The MLM facet of Ultron pays commissions on tokens bought by recruited associates.

Ultron Affiliate Ranks

There are fifteen affiliate ranks inside Ultron’s compensation plan.

Together with their respective qualification standards, they’re as follows:

  1. Associate – enroll and spend money on Ultron tokens
  2. Lively Associate – generate €100 EUR in collected weaker binary staff facet quantity
  3. Supervisor – generate 2500 EUR in collected weaker binary staff facet quantity
  4. Grasp – generate 5000 EUR in collected weaker binary staff facet quantity
  5. Staff Supervisor – generate 15,000 EUR in collected weaker binary staff facet quantity
  6. President Supervisor – generate 40,000 EUR in collected weaker binary staff facet quantity
  7. Regional Supervisor – generate 75,000 EUR in collected weaker binary staff facet quantity
  8. Govt Director – generate 200,000 EUR in collected weaker binary staff facet quantity
  9. Diamond Director – generate 200,000 EUR in collected weaker binary staff facet quantity
  10. Double Diamond Director – generate 1,000,000 EUR in collected weaker binary staff facet quantity
  11. Vice President – generate 2,500,000 EUR in collected weaker binary staff facet quantity
  12. President – generate 6,000,000 EUR in collected weaker binary staff facet quantity
  13. International President – generate 15,000,000 EUR in collected weaker binary staff facet quantity
  14. Star President – generate 30,000,000 EUR in collected weaker binary staff facet quantity
  15. Legend – generate 50,000,000 EUR in collected weaker binary staff facet quantity

Referral Commissions

Ultron associates earn a ten% fee on token packages bought by personally recruited associates.

Residual Commissions

Ultron pays residual commissions by way of a binary compensation construction.

A binary compensation construction locations an affiliate on the prime of a binary staff, break up into two sides (left and proper):

The primary degree of the binary staff homes two positions. The second degree of the binary staff is generated by splitting these first two positions into one other two positions every (4 positions).

Subsequent ranges of the binary staff are generated as required, with every new degree housing twice as many positions because the earlier degree.

Positions within the binary staff are crammed by way of direct and oblique recruitment of associates. Observe there isn’t any restrict to how deep a binary staff can develop.

On the finish of every week Ultron tallies up new funding quantity on each side of the binary staff.

Associates are paid 10% of funding quantity generated on their weaker binary staff facet.

Observe that residual commissions are capped weekly based mostly on rank:

  • Companions can earn as much as €1000 EUR
  • Lively Companions by means of Masters can earn as much as €3000 EUR
  • Staff Managers can earn as much as €5000 EUR
  • President Managers can earn as much as €7500 EUR
  • Regional Managers can earn as much as €10,000 EUR
  • Govt Administrators can earn as much as €12,000 EUR
  • Diamond Administrators can earn as much as €20,000 EUR
  • Double Diamond Administrators can earn as much as €30,000 EUR
  • Vice Presidents can earn as much as €40,000 EUR
  • Presidents can earn as much as €50,000 EUR
  • International Presidents can earn as much as €75,000 EUR
  • Star Presidents can earn as much as €175,000 EUR
  • Legends can earn as much as €350,000 EUR

After quantity is paid out on, it’s matched towards the stronger binary staff facet and flushed.

Any leftover quantity carries over into the next week.

Matching Bonus

Ultron pays a Matching Bonus by way of a unilevel compensation construction.

A unilevel compensation construction locations an affiliate on the prime of a unilevel staff, with each personally recruited affiliate positioned straight underneath 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.

Ultron caps the Matching Bonus at seven unilevel staff ranges.

The Matching Bonus is paid out as a share of residual commissions earned by unilevel staff associates.

What number of ranges an Ultron affiliate earns teh Matching Bonus on is set by rank:

  • Masters and Staff Managers earn a ten% match on degree 1 (personally recruited associates)
  • Challenge Managers earn a ten% match on ranges 1 and a pair of
  • Regional Managers earn a ten% match on ranges 1 to three
  • Govt Administrators earn a ten% match on ranges 1 to 4
  • Diamond Administrators earn a ten% match on ranges 1 to five
  • Double Diamond Administrators earn a ten% match on ranges 1 to six
  • Vice Presidents and better earn a ten% match on ranges 1 to 7

Recruitment Bonus

If an Ultron affiliate recruits 5 associates who buy a bundle inside 30 days of signing up, they obtain a refund on their very own preliminary bundle buy.

Observe that packages bought by associates have to be the identical or increased than whichever one the qualifying affiliate bought.

Chief Bonus Swimming pools

Ultron takes 5% of company-wide income and locations it right into a Leaders Bonus Pool.

The Leaders Bonus Pool is break up into 4 equal smaller swimming pools.

Ultron associates qualify for a share within the smaller Chief Bonus Swimming pools based mostly on rank:

  • Managers obtain a share in a Supervisor Chief Bonus Pool
  • Administrators obtain a share in a Director Chief Bonus Pool
  • Presidents obtain a share in a President Chief Bonus Pool
  • Legends obtain a share in a Legend Chief Bonus Pool

Rank Achievement Bonus

Ultron rewards associates who qualify at Staff Supervisor and better with the next one-time Rank Achievement Bonuses:

  • qualify at Staff Supervisor and obtain €500 EUR
  • qualify at President Supervisor and obtain €1200 EUR
  • qualify at Regional Supervisor and obtain €2500 EUR
  • qualify at Govt Director and obtain €6000 EUR
  • qualify at Diamond Director and obtain €15,000 EUR
  • qualify at Double Diamond Director and obtain €30,000 EUR
  • qualify at Vice President and obtain €75,000 EUR
  • qualify at President and obtain €200,000 EUR
  • qualify at International President and obtain €500,000 EUR
  • qualify at Star President and obtain €1,000,000 EUR
  • qualify at Legend and obtain €2,500,000 EUR

Becoming a member of Ultron

Ultron affiliate membership is tied to the acquisition of a €500, €1500 or €5000 EUR ultron token bundle.

The extra an affiliate spends on their bundle the upper their revenue potential.

Ultron Conclusion

A Givvo advertising and marketing video from final October reveals it had its personal cryptocurrency part:

Ultron sees Givvo go full crypto bro with pyramid recruitment and securities fraud.

Considerably not surprisingly, Ultron’s crypto bro aspirations don’t exist but.

What is able to go is funding fraud. Ultron associates enroll, spend money on Ultron tokens, park these tokens with the corporate (staking), and accumulate a passive return.

It is a securities providing and requires registration with monetary regulators.

Given Ultron has no exterior income (the ecommerce platform flopped in order that’s out), returns on invested Ultron are thus paid with subsequently invested funds.

Ultron will little doubt provide you with some pseudo-compliance to elucidate this away. With out audited monetary studies filed with regulators nevertheless, that is meaningless.

The MLM facet of Ultron pays on recruitment of associates who additionally make investments. Given there’s no retail inside Ultron’s MLM alternative, this equates to pyramid recruitment.

Two tiers of fraud, a UK shell firm for banking and let’s not neglect Givvo is being run by scammers hiding in Dubai.

Good luck getting your a refund from them when Ultron inevitably collapses.

Wanting in direction of the inevitable exit-scam, Ultron’s advertising and marketing materials mentions it’s an “ethereum digital machine suitable protocol”.

I imagine that’s only a roundabout means of stating ultron is an ERC20 shit token. These take 5 minutes to arrange at little to no price.

For reference, the area “ultron.basis” was privately registered on February ninth. This seems to be when Givvo’s Ultron reboot was put into movement.

At time of publication ultron doesn’t look like publicly tradeable. If that stays the identical, Ultron’s exit-scam will see Tobias Sukenik and Michal Prazenica exit stage left.

This can depart Ultron associates bagholding tokens they’ll’t do something with.

If ultron is ultimately dumped on dodgy exchanges, admins will run off with invested funds leaving associates in a dump race to the underside.

Whichever route Ultron’s admins select, math ensures the vast majority of members in Ponzi schemes lose cash.



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