On its website, GluTech doesn’t list ownership or leadership information.
We look at 34 different data points when analyzing and rating online money-earning opportunities. Once the research on these data points is submitted, expert contributors reach out to the company’s customers and associates to get more insight into their operation. Finally, all the collected information is presented in the form of this expert review.
All the data is extracted from publicly available information and the sources are given in the transparency section at the bottom of every report.
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On May 29, 2023, GluTech’s official website domain (“glutech.io”) was privately registered.
Presentations on marketing can be found on GluTech’s official YouTube channel, hosted by “Grant… from our marketing department at GluTech.”
Grant Holmes is an American actor and voice-over artist.
Grant promotes himself online as “The Webinar Guy”:
“I use my more than 25 years of experience in marketing, sales, and increasing profitability as a full-time voice actor to make your work outstanding.
I have extensive professional experience in business analysis, marketing, fundraising, strategic planning, team development, and finding the best solutions for my clients.
Making you and your company look and sound nice is my superpower.”
Holmes has hosted two GluTech marketing presentations as of the time of publication, one on July 27 and one on July 29.
GluTech published a fresh “business presentation” on August 2nd with a different host:
I don’t know the person’s identity, but based on what I could learn, I think they are a virtual assistant from the Philippines.
Always consider joining and/or giving any money to an MLM firm very carefully if it is not transparent about who owns or runs it.
Products from GluTech
GluTech doesn’t offer any services or products for retail.
The only product that affiliates can promote is a GluTech affiliate membership.
The Compensation Plan for GluTech
Affiliates of GluTech make a $10 or more investment in Binance Coin (BNB).
Based on the claimed passive returns, this is done:
- Get 2% daily interest on investments of 10 BNB or more for 7 days.
- Get 2.5% per day on investments of 10 BNB or more for 30 days.
- Get 3% daily interest when you put down 60 BNB or more for 60 days.
GluTech levies a 25% penalty fee on affiliates who desire to terminate their contracts early.
The compensation plan for GluTech mentions USD, yet all payments and withdrawals are made in BNB.
The GluTech MLM division pays for the recruitment of affiliate investors.
GluTech Affiliate Ranks
The pay structure for GluTech has eight affiliate ranks.
They are as follows, along with their respective qualification standards:
- Affiliate – become a GluTech affiliate today
- Bronze: Make an investment of at least $100, bring in five affiliates, and amass a downline investment volume of $5,000.
- Gold requires a minimum investment of $100, the addition of seven affiliates, and a minimum downline investment volume of $10,000.
- Ruby makes a $500 investment, finds ten affiliates, and brings in a total of $20,000 in downline investment volume.
- Sapphire invests $1,000, brings on 20 affiliates, and brings in a total of $50,000 in downline investment.
- Diamond: $3000 invested, 20 individually recruited affiliates maintained, and a total downline investment volume of $100,000 generated.
- Blue Diamond: Make an investment of $5,000, keep 20 personally sourced affiliates, and produce a total downline investment volume of $250,000.
- Become an ambassador by making a $10,000 investment, keeping 20 personally selected affiliates, and generating a total downline investment volume of $1,000,000.
Keep in mind that the following must apply to qualify for ranks.
- Both needed investment quantities and recruited affiliates’ investments must be active.
- An active investment generates income through one of GluTech’s investment plans.
ROI Match
Through a unilevel compensation system, GluTech pays an ROI Match.
An affiliate is put at the head of a unilevel team in a unilevel pay system, and each affiliate they recruited is positioned immediately under them (level 1):
- If any level 1 affiliate recruits new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
- If any level 2 affiliates recruit new affiliates, they are placed on level 3, and so on down a theoretically infinite number of levels.
GluTech caps the ROI Match at ten unilevel team levels.
The ROI Match is paid as a percentage of the daily ROI paid out across these ten levels as follows:
- Level 1 (personally recruited affiliates) – 10%
- Level 2 – 7%
- Level 3 – 5%
- Level 4 – 3%
- Levels 5 to 7 – 2%
- Levels 8 to 10 – 0.5%
Rank Achievement Bonus
GluTech calculates rank qualification criteria weekly.
Bronze and higher ranked affiliates receive a weekly Rank Achievement Bonus as follows:
- qualify at Bronze and receive $50 a week
- qualify at Gold and receive $100 a week
- qualify at Ruby and receive $250 a week
- qualify at Sapphire and receive $500 a week
- qualify at Diamond and receive $2000 a week
- qualify at Blue Diamond and receive $5000 a week
- qualify at Ambassador and receive $10,000 a week
Joining GluTech
It costs nothing to become a GluTech affiliate member.
A minimum investment of $100 in BNB is necessary to fully participate in the attached income potential.
GluTech Summary
GluTech is a straightforward smart-contract Ponzi scheme that uses an AI trading bot as a marketing gimmick.
There is no proof that GluTech has an AI trading bot. Furthermore, the Ponzi logic analysis of GluTech’s business plan is negative.
Whoever is in charge of GluTech wouldn’t be giving you free access if they genuinely had an AI trading bot that could reliably generate 3% every day.
More importantly, why does GluTech require your financial assistance?
The simple fact that GluTech’s withdrawals are recycled investments in BNB is the solution to that.
The MLM portion of GluTech operates as a pyramid scheme because there is neither marketing or direct sales to retail customers.
As with all MLM Ponzi scams, fresh investment will cease as soon as affiliate recruiting does.
As a result, GluTech will eventually collapse from a lack of ROI revenue.
The mathematics underlying Ponzi schemes ensures that when they fail, the majority of investors lose money.
What people have to say about this
What is a Ponzi Scheme
A Ponzi scheme is a deceptive investment strategy that promises high rates of return with no risk to investors. A Ponzi scheme is a fraudulent investment scheme in which money is collected from later participants to produce profits for earlier investors. This is comparable to a pyramid scam in that both rely on new investors’ finances to pay off previous investors.
Both Ponzi and pyramid schemes inevitably fail when the influx of new investors stops and there isn’t enough money to go around. The plots begin to crumble at that time. By recruiting new investors who are promised a huge payoff with little to no risk, the Ponzi scheme produces returns for existing investors. The fraudulent investment strategy is based on using funds from new investors to pay off previous donors. Companies that run a Ponzi scheme concentrate their efforts on enticing new clients to make investments; otherwise, their system will become illiquid.
Some of the Red Flags for a Ponzi Scheme
Regardless of the technology utilized, the majority of Ponzi schemes have similar characteristics. The Securities and Exchange Commission (SEC) has recognized the following characteristics to be on the lookout for:
- A promise of high rewards with no risk.
- A steady stream of returns regardless of market conditions
- Unregistered investments with the Securities and Exchange Commission (SEC)
- Clients are not permitted to access official papers for their investment strategies that are kept secret or described as too hard to comprehend.
- Clients who are having difficulty withdrawing their funds
