Swapnex Review | British Proxy CEO MLM Ponzi, Is it Legit/Scam?

Swapnex Review: the platform seems to be a crypto trading niche, which adds together cryptocurrency & native stock exchange. It enables users to invest in stocks via cryptocurrencies. And this shows that the platform is most suitable for those looking forward to investing in stocks.

However, with these entire offers in mind, the platform gives no valid information on an investor’s fund safety, yet this platform has been active for a long time now but there are no existing RED ALERTS attached.

Reviews on the company have been showing positive results, due to individual comments from different investors in the company. According to their reviews, they say that the platform offers the best rate of other crypto exchange platforms. Meanwhile, other people say that they are finding it hard to trade cryptocurrencies on Swapnex.io.

These reviews might have proven support from the users of the company, but are these reviews the genuine facts that the company offers. In this article, you will find out from our verdict on Swapnex, if their MLM services are genuine or a scam.

Read through the article to find out more.

Table of Contents

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Swapnex Review – Company/Web Overview

According to our research on Swapnex.io, we found out that Swapnex provides no information about the owner or the operator of the company on their crypto exchange platform (www.swapnex.io).

Nevertheless, Swapnex’s official web domain was officially/privately registered in December 2020. Meanwhile, the company was launched in August 2021.

In order to look legitimate & genuine in the eyes of users & investors, they went ahead to provide their Australian incorporation certificate, which is currently present & displayed on their official website.

Also, you will also notice that a resulting corporate address in NSW, Australia is as well provided on their platform. And also, a remote work address merchant is one of the companies that operate from this location.

Therefore, for the objectives of MLM due diligence, fundamental incorporation in any location is useless. This is mostly due to the fact that the data supplied was not verified.

Based on the company’s products & services offered, you will notice the fact that the company has no offered products available for retail. All you will find are their affiliate’s membership, which through it, they earn their income.

You will also find out that they offer investment packages on ROI to their user & investors with a passive compensating return.

Read through the next section of this article below to find out more about the company’s compensation plan offers.

Swapnex Review – Compensation Plan & Referral Commissions

Affiliate members of Swapnex invest in cryptocurrencies due to the promise of passive ROI from the company. See below for the level of plans offered by the company.

Start – $200 (locked for 30-90 days)
Personal – $500 (Inaccessible for 120 days)
Professional – $1500 (inaccessible for 180-360 days).

Take note that as the amounts outlined above are displayed in USD, Swapnex accepts only investments in cryptocurrencies. However, Swapnex’s MLM program pays out on cryptocurrencies deposited by recruited affiliate members on the platform.

Swapnex’s Referral Commissions

Swapnex has a one-level incentive system for referral commissions.

An affiliate is put at the head of a unilevel grid, with every individually recruited affiliate placed right beneath them (level 1):

Unilevel Grid

Level 1 affiliate who recruits new affiliates is assigned to the original affiliate’s unilevel team’s level 2.

If any level 2 affiliates recruit new members, they are elevated to level 3, and so on, up to a threshold of an unlimited number of levels. Swapnex limits the number of unilevel team levels to five.

Referral commissions are calculated as a proportion of the amount of crypto invested at each of the five levels:

Level 4 & 5 – 0.5%
Level 3 – 1%
And also, levels 2 – 2%
Then level 1 (they are known as personally recruited affiliates) – 10%

Meanwhile, Swapnex affiliates that are approved enjoy “increased commissions and incentives.” As shown below:

Level 5 – 1%
Level 4 – 2%
Also, Level 3 – 6%
Level 2 – gets 10% commission
Finally, level 1 affiliates get a 20% commission.

All these commissions seem captivating to the heart regardless of those badly in need of money, you can invest but keep in mind, the risks behind your investments.

If you consider Joining Swapnex:

Swapnex affiliate membership program is free to apply for. Also, for you to participate fully in attached income opportunities, you need to invest more.

Furthermore, know that Swapnex only accepts investments in cryptocurrencies, which include Bitcoin, Tether, Ethereum, Litecoin & Dogecoin. This means that investments in USD will not be available or rather accepted on the platform.

Conclusion – Is Swapnex Legit/scam? Find out!

Swapnex Review: Firstly, On August 2nd, 2021, Swapnex launched its own YouTube account. Marketing videos with featured actors can be seen on the channel.

An anonymous “product director” appears in a conventional rented office arrangement in an October 30th, 2021 video: click here to see the video.

Moreover, Swapnex’s Product Director is Marcus Huber, according to a second video posted on February 6th, 2022.

And also, “Marcus Huber” is actually Rupert Godman, a British citizen (UK) who has lived in Russia for the past 20 years

Rupert Godman speaks fluently in four languages, which are: French, Spanish, German, and Russian. According to an interview with Sam Gerrans in 2012, Godman has a background in real estate and teaches business English. He is both a novelist and a drummer in a band.

Godman marked a recent Swapnex acting assignment with an Instagram picture on March 20th:

“My last role in Moscow playing a spivvy cryptocurrency dealer in a corporate video, and I remain open to opportunities in the UK.”

We assume the clip Godman is referring to is the Swapnex marketing video from February 2022, which I already mentioned. The official Facebook page of Swapnex is run in Ukraine.

We may deduce that “Marcus Huber” is Proxy CEO based on this. It’s unknown who runs Swapnex, but it’s clearly the standard Eastern-European con artists.

Swapnex Review – In Summary >>

Swapnex Review: We can say that Swapnex is nothing more than a Proxy CEO Ponzi Scheme. Of course, this is ridiculous. Swapnex, like any Ponzi scheme, recycles invested funds to satisfy ROI withdrawal demands.

In accordance with Alexa, it ranked Azerbaijan – 14%, Italy (10%), and Vietnam as the major sources of traffic to Swapnex’s website (6%).

As with many MLM Ponzi scams, once affiliate recruiting stops, fresh investment stops as well. Also, Swapnex will be deprived of ROI revenue as a result, eventually collapsing.

Note: Ponzi schemes are mathematically certain to lose money for the vast majority of participants when they fail.

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