Failed VOW cashback provides Ponzi

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The Final Community is a advertising spinoff of Vow.

Each Vow and The Final Community are based and run by Bishara “Bish” Smeir.

So far as I can inform Smeir doesn’t have an MLM historical past. Previous to Vow, Smeir had been selling a cashback scheme for years:

I used to be capable of backdate Smeir’s CashbackApp scheme to a minimum of 2015.

In the end CashbackApp didn’t go wherever and failed as a enterprise.

In early 2019 Smeir reinvented himself as a crypto bro and launched Vow.

Vow is basically a reboot of CashbackApp however with cryptocurrency.

Each CashbackApp and Vow could be white labelled by Enigmatic Smile, a UK shell firm arrange by Smeir.

Not surprisingly, Vow additionally flopped and was all however useless till June 2022.

That is across the time Smeir launched The Final Community.

As you’ll be able to see within the SimilarWeb visitors chart above, visitors to Vow’s web site primarily originates from Germany (39%), the US (13%) and Austria (11%).

Promotion of The Final Community in German-speaking international locations is headed up by Joerg D. Wittke (aka Jörg Wittke), believed to be an Austrian nationwide.

Wittke’s MLM declare to fame is being a “chief” in BitClub Community.

BitClub Community was a $722 million greenback Ponzi scheme. The DOJ arrested BitClub Community’s co-founders in December 2019.

Wittke cites himself as a

Bitclub chief & founding father of the Centurion Membership, one of the profitable groups inside the Bitclub.

Wittke was selling BitClub Community up till June 2019.

How a lot cash Wittke stole by the Ponzi scheme is unclear.

After BitClub Community, circa September 2019, Wittke started selling the Jubilee Ace Ponzi scheme. Jubilee Ace collapsed in early 2021.

After Jubilee Ace Wittke promoted the HyperFund Ponzi to Germans.

HyperFund collapsed in late 2021. The three reboot Ponzis that adopted have been a large number.

Vow is included as a shell firm in Jersey, a scam-friendly island jurisdiction off the coast of France.

Bish Smeir is believed to be based mostly out of Glasgow, Scotland, from the place Vow and The Final Community are literally operated from.

Joerg Wittke relies out of Dubai, the MLM crime capital of the world.

Learn on for a full assessment of The Final Community’s MLM alternative.

The Final Community’s Merchandise

The Final Community has no retailable services or products.

Associates are solely capable of market The Final Community affiliate membership itself.

The Final Community’s Compensation Plan

The Final Community associates make investments tether (USDT) or ethereum (ETH) into VOW.

Invested VOW is then parked with The Final Community. The Final Community converts invested VOW into “LP Tokens”.

The Final Community then pays a minimal 4% month-to-month ROI on invested LNT tokens, paid for 367 days in its personal LNT shit token.

Notice that when reinvesting, The Final Community associates should match or exceed their beforehand funding quantity.

The MLM facet of The Final Community pays on recruitment of affiliate traders.

The Final Community Affiliate Ranks

There are two tiers of ranks in The Final Community’s compensation plan; Fee ranks and Bonus ranks.

Fee Ranks

The Final Community has two Fee ranks:

  1. LP – make investments lower than $10,000
  2. Certified LP – make investments greater than $10,000

Bonus Ranks

The Final Community has seven Bonus Ranks:

  1. One Star – earn $100,000
  2. Two Star – earn $250,000
  3. Three Star – earn $500,000
  4. 4 Star – earn $1,000,000
  5. Ambassador – earn $2,500,000
  6. Vice President – earn $5,000,000
  7. President – earn $10,000,000

It’s unclear whether or not earned quantities embody ROI funds or simply MLM commissions.

Notice that though USD quantities are quoted above, The Final Community tracks energetic funding in cryptocurrency equivalents.

Referral Commissions

The Final Community pays referral commissions by way of a unilevel compensation construction.

A unilevel compensation construction locations an affiliate on the prime of a unilevel workforce, with each personally recruited affiliate positioned immediately underneath them (degree 1):

If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel workforce.

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.

Referral commissions are paid as a proportion of VOW invested throughout the unilevel workforce.

What number of ranges referral commissions are paid on is decided by rank:

LP ranked associates

  • LPs who’ve invested a minimum of $500 and recruited a minimum of one affiliate – 20% on degree 1 (personally recruited associates)
  • LPs who’ve invested a minimum of $500 and recruited a minimum of two associates – 20% on degree 1 and 15% on degree 2
  • LPs who’ve invested a minimum of $500 and recruited a minimum of three associates – 20% on degree 1, 15% on degree 2, 10% on degree 3 and 5% on degree 4

Certified LP ranked associates

  • Certified LPs who’ve recruited one affiliate – 20% on degree 1
  • Certified LPs who’ve recruited two associates – 20% on degree 1 and 15% on degree 2
  • Certified LPs who’ve recruited three associates – 20% on degree 1, 15% on degree 2 and 10% on degree 3
  • Certified LPs who’ve recruited 4 associates – 20% on degree 1, 15% on degree 2, 10% on degree 3 and 5% on degree 4
  • Certified LPs who’ve recruited 5 associates – 20% on degree 1, 15% on degree 2, 10% on degree 3 and 5% on ranges 4 and 5
  • Certified LPs who’ve recruited six associates – 20% on degree 1, 15% on degree 2, 10% on degree 3 and 5% on ranges 4 to six
  • Certified LPs who’ve recruited seven associates – 20% on degree 1, 15% on degree 2, 10% on degree 3, 5% on ranges 4 to six and a couple of% on degree 7
  • Certified LPs who’ve recruited eight associates – 20% on degree 1, 15% on degree 2, 10% on degree 3, 5% on ranges 4 to six and a couple of% on ranges 7 and eight
  • Certified LPs who’ve recruited 9 associates – 20% on degree 1, 15% on degree 2, 10% on degree 3, 5% on ranges 4 to six and a couple of% on ranges 7 to 9
  • Certified LPs who’ve recruited ten associates – 20% on degree 1, 15% on degree 2, 10% on degree 3, 5% on ranges 4 to six and a couple of% on ranges 7 to 10
  • Certified LPs who’ve recruited eleven associates – 20% on degree 1, 15% on degree 2, 10% on degree 3, 5% on ranges 4 to six and a couple of% on ranges 7 to 11
  • Certified LPs who’ve recruited twelve associates – 20% on degree 1, 15% on degree 2, 10% on degree 3, 5% on ranges 4 to six and a couple of% on ranges 7 to 12
  • Certified LPs who’ve recruited 13 associates – 20% on degree 1, 15% on degree 2, 10% on degree 3, 5% on ranges 4 to six and a couple of% on ranges 7 to 13
  • Certified LPs who’ve recruited fourteen associates – 20% on degree 1, 15% on degree 2, 10% on degree 3, 5% on ranges 4 to six and a couple of% on ranges 7 to 14
  • Certified LPs who’ve recruited fifteen associates – 20% on degree 1, 15% on degree 2, 10% on degree 3, 5% on ranges 4 to six and a couple of% on ranges 7 to fifteen
  • Certified LPs who’ve recruited sixteen associates – 20% on degree 1, 15% on degree 2, 10% on degree 3, 5% on ranges 4 to six, 2% on ranges 7 to fifteen and 1% on degree 16
  • Certified LPs who’ve recruited seventeen associates – 20% on degree 1, 15% on degree 2, 10% on degree 3, 5% on ranges 4 to six, 2% on ranges 7 to fifteen and 1% on ranges 16 and 17
  • Certified LPs who’ve recruited eighteen associates – 20% on degree 1, 15% on degree 2, 10% on degree 3, 5% on ranges 4 to six, 2% on ranges 7 to fifteen and 1% on ranges 16 to 18
  • Certified LPs who’ve recruited nineteen associates – 20% on degree 1, 15% on degree 2, 10% on degree 3, 5% on ranges 4 to six, 2% on ranges 7 to fifteen and 1% on ranges 16 to 19
  • Certified LPs who’ve recruited twenty associates – 20% on degree 1, 15% on degree 2, 10% on degree 3, 5% on ranges 4 to six, 2% on ranges 7 to fifteen and 1% on ranges 16 to twenty

Notice that The Final Community pays referral commissions in LP tokens.

Rank Achievement Bonus

The Final Community rewards associates for qualifying at One Star and above:

  • qualify at One Star and obtain $10,000
  • qualify at Two Star and obtain $15,000
  • qualify at Three Star and obtain $25,000
  • qualify at 4 Star and obtain $50,000
  • qualify at Ambassador and obtain $150,000
  • qualify at Vice President and obtain $250,000
  • qualify at President and obtain $500,000

Becoming a member of The Final Community

The Final Community affiliate membership seems to be free.

Participation within the hooked up MLM alternative requires a minimal $500 funding in USDT or ETH.

The Final Community Conclusion

The Final Community is your typical MLM crypto Ponzi scheme, launched to resuscitate an in any other case failed enterprise.

Below the guise of “staking” (funding) and “yields” (returns), The Final Community associates make investments tether and ethereum.

That is completed on the promise of a month-to-month ROI. Then, by a convoluted system of in home shit tokens, the tip result’s earlier The Final Community associates cashing out subsequently invested cryptocurrency.

The advertising pitch surrounding The Final Community is Bish Smeir’s failed Vow cashback platform.

From a movement of cash perspective, Vow has nothing to do with The Final Community funding or returns. The Final Community is a closed-loop system that shuffles newly invested crypto round to pay earlier traders.

On the regulatory entrance The Final Community’s month-to-month passive returns clearly constitutes a securities providing.

Neither Vow, The Final Community, Bish Smeir or Joerg D. Wittke are registered to supply securities in any jurisdiction.

Which means that at a minimal, The Final Community, Smeir, Wittke and the remainder of the promoters are committing securities fraud.

BitClub Community’s co-founders have been indicted on wire and securities fraud prices.

As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.

This can see The Final Community unable to pay out withdrawal requests (disguised as buying and selling VOW and the opposite TLN shit tokens on the open market), finally ensuing a collapse.

The maths behind Ponzi schemes ensures the vast majority of traders lose cash.

For additional proof of this, one want solely look so far as each Ponzi scheme Joerg Wittke has ever promoted.

Previous to going into prelaunch in June 2022, Wittke and The Final Community insiders positioned themselves forward of the prelaunch rubes.

New traders are presently being recruited as stated prelaunch rubes. The Final Community intends to carry public launch occasions in December 2022.