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 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 fundamental thought got here from a easy want; easy methods 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”.

Via 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 earnings alternative:

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

As to who’s operating 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 via 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 dust 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 well-liked 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 according to 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 capable of 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 spotted 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 obtainable so I wasn’t capable of publish a overview.

One more reader lately reached out to me requesting a Givvo/Ultron overview. This time I used to be capable of oblige.

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

Resulting from 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 seem like unfold between Dubai, Slovakia and Slovenia.

As all the time, if an MLM firm isn’t brazenly upfront about who’s operating or owns it, assume lengthy and onerous about becoming a member of and/or handing over any cash.

Ultron’s Merchandise

Ultron has no retailable services or products.

Associates are solely capable of market Ultron affiliate membership itself.

Ultron’s Compensation Plan

Ultron associates put money into 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 decided by how lengthy an affiliate invests their tokens for:

0.2% a day for the primary yr
0.1% a day for the second yr
0.05% a day for the third yr
0.025% a day for the fourth yr
0.012% a day for the fifth yr

The MLM aspect 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:

Accomplice – join and put money into Ultron tokens
Energetic Accomplice – generate €100 EUR in gathered weaker binary staff aspect quantity
Supervisor – generate 2500 EUR in gathered weaker binary staff aspect quantity
Grasp – generate 5000 EUR in gathered weaker binary staff aspect quantity
Group Supervisor – generate 15,000 EUR in gathered weaker binary staff aspect quantity
President Supervisor – generate 40,000 EUR in gathered weaker binary staff aspect quantity
Regional Supervisor – generate 75,000 EUR in gathered weaker binary staff aspect quantity
Govt Director – generate 200,000 EUR in gathered weaker binary staff aspect quantity
Diamond Director – generate 200,000 EUR in gathered weaker binary staff aspect quantity
Double Diamond Director – generate 1,000,000 EUR in gathered weaker binary staff aspect quantity
Vice President – generate 2,500,000 EUR in gathered weaker binary staff aspect quantity
President – generate 6,000,000 EUR in gathered weaker binary staff aspect quantity
World President – generate 15,000,000 EUR in gathered weaker binary staff aspect quantity
Star President – generate 30,000,000 EUR in gathered weaker binary staff aspect quantity
Legend – generate 50,000,000 EUR in gathered weaker binary staff aspect quantity

Referral Commissions

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

Residual Commissions

Ultron pays residual commissions through a binary compensation construction.

A binary compensation construction locations an affiliate on the prime of a binary staff, cut 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 through direct and oblique recruitment of associates. Notice there isn’t a restrict to how deep a binary staff can develop.

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

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

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

Companions can earn as much as €1000 EUR
Energetic Companions via Masters can earn as much as €3000 EUR
Group 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
World 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 aspect and flushed.

Any leftover quantity carries over into the next week.

Matching Bonus

Ultron pays a Matching Bonus through a unilevel compensation construction.

A unilevel compensation construction locations an affiliate on the prime of a unilevel staff, with each personally recruited affiliate positioned instantly 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 proportion of residual commissions earned by unilevel staff associates.

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

Masters and Group Managers earn a ten% match on degree 1 (personally recruited associates)
Venture Managers earn a ten% match on ranges 1 and a couple 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 package deal inside 30 days of signing up, they obtain a refund on their very own preliminary package deal buy.

Notice that packages bought by associates have to be the identical or larger 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 cut 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 Group Supervisor and better with the next one-time Rank Achievement Bonuses:

qualify at Group 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 World 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 package deal.

The extra an affiliate spends on their package deal the upper their earnings potential.

Ultron Conclusion

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

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 join, put money into 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 question give you some pseudo-compliance to elucidate this away. With out audited monetary reviews filed with regulators nevertheless, that is meaningless.

The MLM aspect 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 overlook Givvo is being run by scammers hiding in Dubai.

Good luck getting your a reimbursement 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 method 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 seem like publicly tradeable. If that stays the identical, Ultron’s exit-scam will see Tobias Sukenik and Michal Prazenica exit stage left.

It will depart Ultron associates bagholding tokens they will’t do something with.

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

Whichever route Ultron’s admins select, math ensures nearly all of individuals in Ponzi schemes lose cash.

Ultron’s Merchandise