Meme Membership supplies no credible firm possession or govt info on their web site.
Supposedly Meme Membership is headed up by CEO “Patrick Meier”.
Meier appeared in a Meme Membership advertising video, uploaded to their official YouTube channel on July twenty sixth.
It’s the same old rented workplace affair, with Meier exhibiting an jap European accent.
I wasn’t capable of pin down a reputation however can affirm the person taking part in Meier is a Russian actor.
Final September the actor taking part in Meier attended a movie course commencement ceremony.
The actor taking part in Meier wasn’t one of many commencement college students. He seems to have spoken on the ceremony, which was organized by ANO “Pageant Path” and the St. Petersburg State Institute of Cinematography. I’m unsure which group the actor was representing.
St. Petersburg is a metropolis in Russia, which tracks with the overwhelming majority of Boris CEO movies being produced from Russia.
In an try to look reputable, Meme Membership supplies incorporation particulars on its web site.
Meme Membership Restricted was integrated within the UK on Might eighth, 2022.
An MLM firm working or claiming to function out of the UK is a crimson flag.
UK incorporation is filth 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 popular jurisdiction for scammers seeking 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.
Meme Membership’s web site area (“memeclub.io”), was privately registered on Might seventeenth, 2022.
As all the time, if an MLM firm shouldn’t be overtly upfront about who’s working or owns it, suppose lengthy and exhausting about becoming a member of and/or handing over any cash.
Meme Membership’s Merchandise
Meme Membership has no retailable services or products.
Associates are solely capable of market Meme Membership affiliate membership itself.
Meme Membership’s Compensation Plan
Meme Membership associates make investments funds on the promise of a 200% marketed return:
- Fundamental – make investments $100 to $500 and obtain 0.75% a day
- Professional – make investments $501 to $5000 and obtain 1% a day
- Final – make investments $5001 to $50,000 and obtain 1.2% a day
- VIP – make investments $50,001 or extra and obtain 1.5% a day
The MLM facet of Meme Membership pays on recruitment of affiliate traders.
Meme Membership Affiliate Ranks
There are eight affiliate ranks inside Meme Membership’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Rank 1 – enroll as a Meme Membership affiliate and make investments $100 or extra
- Rank 2 – personally make investments no less than $200 and generate $1000 in downline funding
- Rank 3 – personally make investments no less than $500 and generate $2500 in downline funding
- Rank 4 – personally make investments no less than $1000 and generate $10,000 in downline funding
- Rank 5 – personally make investments no less than $2500 and generate $25,000 in downline funding
- Rank 6 – personally make investments no less than $7500 and generate $100,000 in downline funding
- Rank 7 – personally make investments no less than $10,000 and generate $250,000 in downline funding
- Rank 8 – personally make investments no less than $20,000 and generate $1,000,000 in downline funding
Referral Commissions
Meme Membership pays referral commissions through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel workforce, with each personally recruited affiliate positioned instantly beneath 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.
Meme Membership caps payable unilevel workforce ranges at 9.
Referral commissions are paid as a share of funds invested throughout these 9 ranges based mostly on rank:
- Rank 1 associates earn 7% on degree 1 (personally recruited associates) and three% on degree 2
- Rank 2 associates earn 7% on degree 1, 3% on degree 2 and a pair of% on degree 3
- Rank 3 associates earn 7% on degree 1, 3% on degree 2 and a pair of% on ranges 3 and 4
- Rank 4 associates earn 7% on degree 1, 3% on degree 2, 2% on ranges 3 and 4 and 1% on degree 5
- Rank 5 associates earn 7% on degree 1, 3% on degree 2, 2% on ranges 3 and 4 and 1% on ranges 5 and 6
- Rank 6 associates earn 7% on degree 1, 3% on degree 2, 2% on ranges 3 and 4, 1% on ranges 5 and 6 and 0.5% on degree 7
- Rank 7 associates earn 7% on degree 1, 3% on degree 2, 2% on ranges 3 and 4, 1% on ranges 5 and 6 and 0.5% on ranges 7 and eight
- Rank 8 associates earn 7% on degree 1, 3% on degree 2, 2% on ranges 3 and 4, 1% on ranges 5 and 6, 0.5% on ranges 7 and eight and a pair of% on degree 9
MEME Token Commissions
As a part of it’s inevitable exit-scam, Meme Membership will launch MEME token.
Associates earn commissions on direct MEME token funding, utilizing the identical unilevel workforce referral commissions are paid by means of (see above):
- Rank 1 and Rank 2 associates earn 1% on degree 1
- Rank 3 associates earn 1.5% on degree 1
- Rank 4 associates earn 1.5% on degree 1 and 0.5% on degree 2
- Rank 5 associates earn 2% on degree 1 and 0.5% on degree 2
- Rank 6 associates earn 2% on degree 1 and 1% on degree 2
- Rank 7 associates earn 2% on degree 1, 1% on degree 2 and 0.5% on degree 3
- Rank 8 associates earn 2% on degree 1, 1% on ranges 2 and three and 0.5% on degree 4
Rank Achievement Bonus
Meme Membership rewards associates for qualifying at Rank 2 and better with the next one-time Rank Achievement Bonuses:
- qualify at Rank 2 and obtain $50
- qualify at Rank 3 and obtain $200
- qualify at Rank 4 and obtain $500
- qualify at Rank 5 and obtain $2000
- qualify at Rank 6 and obtain $7500
- qualify at Rank 7 and obtain $20,000
- qualify at Rank 8 and obtain $50,000
Becoming a member of Meme Membership
Meme Membership affiliate membership is free.
Full participation within the hooked up earnings alternative requires a minimal $100 funding.
Meme Membership solicits funding in USD by means of Excellent Cash, in addition to varied cryptocurrencies.
Meme Membership Conclusion
In early 2021 the meme cryptocurrency fad hit its peak.
In a nutshell, scammers mixed memes and funding fraud. The usage of memes and humor served as a method to get traders to decrease their guard.
This wasn’t distinctive to cryptocurrency. GameStop and different so-called “meme shares” had been additionally a funding flashpoint.
Using on the again of those you had an countless wave of scams, looking for to capitalize on simple marks.
Past using memes, these scams had been the identical as some other fraudulent funding scheme. Marks handed over their cash and scammers cashed out.
Now, properly over a yr later in some instances, these left within the house refuse to acknowledge they’ve been left holding the bag.
It’s this fad that Meme Membership has deployed in its advertising.
Once more past that, Meme Membership is your typical Bois CEO Ponzi scheme.
Returns are purportedly generated through “futures buying and selling outcomes & robotised buying and selling software program”. Buying and selling bots are the defacto MLM Ponzi ruse.
However Meme Membership fails to supply proof of buying and selling going down. Or some other supply of exterior income getting used to pay investor withdrawals.
Because it stands the one verifiable income getting into Meme Membership is new funding.
Utilizing new funding to pay ROI withdrawals makes Meme Membership a Ponzi scheme.
With nothing marketed or offered to retail prospects, the MLM facet of Meme Membership provides an extra pyramid layer to the schme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This may starve Meme Membership of ROI income, finally prompting a collapse.
Meme Membership’s exit-scam of alternative is the interior shitcoin route.
As we want to diversify throughout the cryptocurrency funding world as a lot as attainable for safety and cut back threat.
We will likely be launching Meme Membership throughout the ETH & BSC house.
If Meme Membership even will get that far (Boris CEO Ponzis have a behavior of disappearing earlier than inner token guarantees are met), sooner or later MEME token will launch.
Traders will finally see withdrawals solely paid in MEME token. This may in the end depart traders bagholding one more nugatory Ponzi shitcoin when Meme Membership inevitably collapses.
Math ensures the vast majority of contributors in Ponzi schemes lose cash.
