Low-effort “Ponzi in a field” crypto rip-off

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Wipes.ac fails to offer firm possession and government data on its web site.

Wipes.ac’s web site area (“wipes.ac”), was privately registered on July 4th, 2022.

Of notice is Wipes.ac was put collectively by iDevLink, a gaggle promoting rip-off scripts and templates.

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

Wipes.ac’s Merchandise

Wipes.ac has no retailable services or products.

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

Wipes.ac’s Compensation Plan

Wipes.ac associates make investments $100 to $250,000 in cryptocurrency equivalents. That is accomplished on the promise of 1.7% a day for 190 days (323%).

The MLM aspect of Wipes.ac pays on recruitment of affiliate buyers.

Wipes.ac Affiliate Ranks

There are seven ranks inside Wipes.ac’s compensation plan.

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

  1. Affiliate – join as a Wipes.ac affiliate and make investments
  2. Rank 1 – persuade others to take a position $25,000
  3. Rank 2 – persuade others to take a position $50,000
  4. Rank 3 – persuade others to take a position $100,000
  5. Rank 4 – persuade others to take a position $250,000
  6. Rank 5 – persuade others to take a position $500,000
  7. Rank 6 – persuade others to take a position $1,000,000

Referral Commissions

Wipes.ac 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 beneath them (stage 1):

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

If any stage 2 associates recruit new associates, they’re positioned on stage 3 and so forth and so forth down a theoretical infinite variety of ranges.

Fundamental Wipes.ac associates earn referral commissions on invested cryptocurrency down three ranges of recruitment:

  • stage 1 (personally recruited associates) – 8%
  • stage 2 – 4%
  • stage 3 – 2%

Rank 1 associates who moreover have an lively funding of $25,000 qualify for “growth chief” commissions:

  • stage 1 – 9%
  • stage 2 – 5%
  • stage 3 – 3%
  • stage 4 – 1%
  • stage 5 – 0.6%
  • stage 6 – 0.5%
  • stage 7 – 0.4%
  • stage 8 – 0.3%
  • stage 9 – 0.2%

Rank Achievement Bonus

Wipes.ac associates who qualify at Rank 1 and better obtain the next one-time Rank Achievement Bonuses:

  • qualify at Rank 1 and obtain $500 and $250 invested into Wipes.ac
  • qualify at Rank 2 and obtain $1000 and $500 invested into Wipes.ac
  • qualify at Rank 3 and obtain $2000 and $1000 invested into Wipes.ac
  • qualify at Rank 4 and obtain $5000 and $2500 invested into Wipes.ac
  • qualify at Rank 5 and obtain $10,000 and $5000 invested into Wipes.ac
  • qualify at Rank 6 and obtain $20,000 and $10,000 invested into Wipes.ac

Becoming a member of Wipes.ac

Wipes.ac affiliate membership is free.

Full participation within the connected earnings alternative requires an preliminary minimal $100 funding.

Wipes.ac solicits funding in varied cryptocurrencies.

Wipes.ac Conclusion

Wipes.ac represents it generates exterior income by way of varied types of buying and selling:

We’re a gaggle of consultants specializing in cryptocurrency buying and selling and danger administration.

We all know that is baloney as a result of Wipes.ac is working off a Ponzi script offered to them by scammers.

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

This may starve Wipes.ac of ROI income, finally prompting a collapse.

The mathematics behind Ponzi schemes ensures that once they collapse, the vast majority of contributors lose cash.