Doxy gives no credible details about who owns or runs the corporate on its web site.
The “group” part of Doxy’s web site is populated by fictional names represented by inventory photographs:
None of those folks really exist.
Doxy’s main web site area (“doxy.ai”), was privately registered on December 2nd, 2021.
Perusal of Doxy’s web site source-code reveals references to 2 extra Doxy associated domains:
Doxy Finance focuses extra on Doxy’s DOXY token:
Doxy Exch (Change?) is an try to affiliate Doxy with sports activities betting:
I’ve circled the “web site entry” hyperlink above, because it factors to a non-existent app obtain:
The damaged hyperlink isn’t of curiosity but it surely’s value noting it’s/was hosted on a .IN area.
This means that whoever is definitely operating Doxy is doing so out of India. Or on the very least Doxy has ties to India.
The Doxy Finance and Doxy Exch domains had been each privately registered across the time Doxy AI’s main area was registered.
In an try to seem authentic, Doxy gives shell firm incorporation certificates for Nigeria, the UK and the US.
There is no such thing as a verification course of connected to primary incorporation. Due to this, scammers routinely incorporate shell corporations with bogus data.
For the aim of MLM due-diligence, primary incorporation in any jurisdiction is meaningless.
As all the time, if an MLM firm shouldn’t be brazenly upfront about who’s operating or owns it, suppose lengthy and onerous about becoming a member of and/or handing over any cash.
Doxy’s Merchandise
Doxy has no retailable services or products.
Associates are solely in a position to market Doxy affiliate membership itself.
Doxy’s Compensation Plan
Doxy associates put money into DOXY tokens. DOXY tokens can both be bought from Doxy or from an current investor.
Doxy don’t disclose how a lot they promote generated DOXY tokens to associates for.
As soon as bought, DOXY tokens are invested with Doxy on the promise of an marketed return:
- make investments $10 to $100 of DOXY tokens and obtain 12% a month for 750 days
- make investments $110 to $500 of DOXY tokens and obtain 18% a month for 500 days
- make investments $510 to $1000 of DOXY tokens and obtain 24% a month for 375 days
- make investments $1010 to $5000 of DOXY tokens and obtain 35% a month for 300 days
- make investments $5010 to $7500 of DOXY tokens and obtain 37.5% a month for 240 days
Returns are paid till 500% of the invested quantity is reached. Word that MLM commissions (excluding residual commissions) rely in direction of the five hundred% ROI cap.
After 500% is reached reinvestment is required to proceed incomes.
Word that Doxy withholds 10% of earned commissions and locations it right into a “gaming pockets”.
This seems to be an try to get associates to spend cash on Doxy’s inner apps.
Doxy fees a further 10% price to fund the Dividend Bonus (see beneath).
The MLM facet of DOXY pays commissions on DOXY token funding by recruited associates.
Referral Commissions
Doxy associates earn a 5% fee on investments by personally recruited associates.
It’s not clear whether or not that is paid on DOXY token purchases or DOXY tokens invested for a month-to-month return.
ROI Matching Bonus
Doxy pays a Matching Bonus on DOXY token returns earned by downline associates.
The primary each day Matching Bonus is 200%. After this it’s a 100% each day match “until limitless depth”, capped at twice the DOXY token quantity an affiliate themselves has invested.
Word the Matching Bonus is paid out 1% a day from the day it’s earned (i.e. every each day earned Matching Bonus is paid out over 100 days).
Residual Commissions
Doxy pays residual commissions through a binary compensation construction.
A binary compensation construction locations an affiliate on the high of a binary group, break up into two sides (left and proper):
The primary degree of the binary group homes two positions. The second degree of the binary group is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary group are generated as required, with every new degree housing twice as many positions because the earlier degree.
Positions within the binary group are stuffed through direct and oblique recruitment of associates. Word there isn’t any restrict to how deep a binary group can develop.
Residual commissions look like calculated on gathered funding quantity on each side of the binary group:
- Bronze – generate $100 on each side of your binary group and obtain $10 every week for 52 weeks
- Silver – generate $300 on each side of your binary group and obtain $30 every week for 52 weeks
- Gold – generate $900 on each side of your binary group and obtain $90 every week for 52 weeks
- Platinum – generate $2500 on each side of your binary group and obtain $250 every week for 52 weeks
- Titanium – generate $7500 on each side of your binary group and obtain $750 every week for 52 weeks
- Ruby – generate $21,000 on each side of your binary group and obtain $2500 every week for 52 weeks
- Sapphire – generate $64,000 on each side of your binary group and obtain $7500 every week for 52 weeks
- Diamond – generate $100,000 on each side of your binary group and obtain $15,000 every week for 52 weeks
- Royal Diamond – generate $250,000 on each side of your binary group and obtain $30,000 every week for 52 weeks
- Crown Diamond – generate $500,000 on each side of your binary group and obtain $75,000 every week for 52 weeks
I’m not 100% certain on whether or not these quantities should be met as soon as or maintained.
In accordance with the matching factors customers get Weekly Efficiency Bonus ranging from $10 to $75000.
The above, taken from Doxy’s compensation documentation, suggests residual fee qualification is calculated weekly.
This begs the query why the 52 week restrict then? One risk is residual commissions are solely paid out for 52 weeks from the time of funding, regardless of how lengthy it takes to succeed in the worldwide 500% ROI cap (reminder that the worldwide ROI cap excludes residual commissions).
Dividend Bonus
Doxy fees associates a ten% price on withdrawals.
The corporate claims these funds are “equally distributed amongst all of the obtainable stability holders”.
Presumably this implies anybody with an energetic DOXY token funding.
Becoming a member of Doxy
Doxy affiliate membership seems to be free.
Full participation within the connected earnings alternative requires a minimal $10 funding in DOXY tokens.
Doxy Conclusion
Doxy claims it’s a “Reside & Fantasy Sports activities platform powered by the blockchain expertise.”
This sees Doxy deploy your typical MLM crypto Ponzi buying and selling bot ruse, solely the corporate is buying and selling… sports activities gamers?
Adjustments in Gamers Share costs present a worthwhile alternative to revenue from buying and selling both lengthy or brief time period.
The idea is easy: purchase low and promote excessive.
Riiiiiiiigh………..t.
Evidently this isn’t a factor, at the very least so far as generated income goes. And even when it was, if this platform is already set as much as revenue, what does Doxy want your cash for?
The reply is the entire sports activities buying and selling facet of Doxy is advertising bullshit. Doxy is an easy token Ponzi scheme.
DOXY is a BEP20 token.
BEP20 tokens take about 5 minutes to arrange at little to no price.
From there the one move of cash is into Doxy, by means of token gross sales.
That very same cash is used to pay withdrawals, with the remainder of Doxy’s Ponzi scheme consisting of numbers (tokens) on a display screen.
Being a token based mostly scheme, DOXY has set itself up on a couple of decentralized exchanges. That is general meaningless, as DOXY token collapses when Doxy does.
As with all MLM Ponzi schemes, when affiliate recruitment dries up so too will ROI income.
It will go away Doxy unable to pay withdrawal requests, inevitably prompting a collapse.
DOXY will then be revealed as nugatory, leaving nearly all of Doxy associates bagholding a token they will’t do something with.
