Likwel Review: Is It Another Ponzi Scheme?

Likwel is a Bitcoin MLM company.

On the 26th of September, the year 2022, its site address likwel.com was publicly established.

The organization claims to be situated in Canada, however, the website only lists an online address controlled by Regus.

Likwel’s Canadian fake address matches Likweil Limited, a phony corporation that was registered in the United States on the nineteenth of October, the year 2022.

Because of the simplicity that fraudsters can form shell businesses with fake specifics, shell registration in any country is worthless for MLM precautions.

Moving forward Hector Miles is Likwel’s CEO. On Likwel’s website, there is no picture of Miles, just a not verifiable advertising biography.

Miles, on the other hand, is presented to the public via Likwel’s authorized YouTube page.

According to the report, Anton Kozlov, a Russian national, plays Miles.

Kozlov, unsurprisingly, is not employed in the “commercial sector.” He works as a book for kids editor in Nizhny Novgorod.

It’s still unclear who controls Likwel, however, it is obvious they’re based in or have connections to Russia.

Always remember that if an MLM firm is not honest regarding who runs or controls it, consider twice before enrolling or turning over any of your funds.

Their Products

Likwel offers no retailable services or products.

Associates can promote the Likwel associate program.

Their Compensation Plan

Members of Likwel invests in tether (USDT). This follows through on the assurance of advertised returns every day for 150 days:

Corporate Deal investment schemes are accessible to Likwel associates with a level six or above qualification:

Business Deal expenditures can be financed solely or in conjunction with an affiliate’s downline.

Likwel’s MLM business is based on the acquisition of associate partners.

Affiliate Ranks for Likwel

Likwel’s reward system includes ten associate levels.

They’re listed as follows, together with each of their individual qualifying standards:

Commissions for Recommendation

Likwel provides commissions for referrals on a single level of remuneration.

In a unilevel remuneration system, a referral partner is put at the highest position of a unilevel group, with each newly hired affiliate situated right beneath themselves (level 1):

If any of the level 1 associates acquire additional affiliates, those are assigned to the originating affiliate’s unilevel group at level 2.

If any of the level 2 associates join additional affiliates, then get promoted to level 3, & so on until a limitless amount of levels.

Likwel restricts commissions for referrals to the first 10 unilevel group ranks.

Recommendation commissions are provided as a proportion of tether deposited at each of the 10 tiers, according to position:

• Affiliates on level 1 earn 9%, 5 percent on the second level, 3% on the third level, & Two% on level four.

• Associates on level 2 receive ten percent on the first level, five percent on the second level, three percent on the third level, two percent on the fourth level, & one percent on level five

• Affiliates in the third level get ten percent on the first level, six percent on the second level, four percent on the third level, 2% on level 4, & one percent on level 5 as well as 6.

• Affiliates in the fourth level receive eleven percent on the first level, Six % on the second level, four percent on levels three and four, two percent on stage 5, & one percent on stages six and seven.

• Associates with the level 5 ranking receive eleven percent on level one, six percent on the second level, four percent on stages three and four, three percent on step 5, two percent on levels six and seven, & one percent on level eight.

• Associates at level 6 receive eleven percent on the first level, seven percent on the second level, four percent on stages 3–5, 3% for stages 6–7, & one percent on levels 8–9.

• Associates at level 7 receive twelve percent on level one, 7% on the second level, four percent on stages 3–5, three percent on stages 6–7, 2% on levels 8–9, & one percent on the tenth level.

• Affiliates at level 9 receive twelve percent on the initial level, eight percent on the second level, five percent on the third level, four percent on stages four and five, three percent on levels six through nine, & two percent on stage ten.

• Affiliates at level 10 receive thirteen percent on the initial level, nine percent on the second level, Five% on the third level, Four% on stages four and five, 2% on stages 6–9, & 2% on level ten.

Joining Likwel’s team

Likwel membership as an affiliate is completely free.

To fully participate with the associated earning possibility, you need to put down at least fifty dollars in tether (USDT).

Conclusion

Likwel claims to collect outside income through a variety of channels, including:

There is no proof that Likwel is earning money from outside sources.

This is due to Likwel, which is domiciled in Canada but is led by Boris, Likwel has no revenue from abroad.

Likwel engages in fraud in securities at the very least by neglecting having registered its passively return investment strategy with securities regulators.

This requires Likwel to submit audited financial statements on a regular basis. They can’t do it since all Likwel does is recycle new money to pay off previous shareholders.

The final truth is that if Likwel could truly make 4.45% each day on a constant basis, it would not be employing kid’s book companies as its President as well as more crucially, it would not be giving you membership for free.

As with other MLM scams, once associate recruiting is exhausted, fresh capital will start to dry up.

This will deprive Likwel of ROI sales, causing the company to fail.

The arithmetic of these Ponzi frauds ensures that whenever they fail, a large number of those involved lose money.

Likwel Review: Is It Another Ponzi Scheme?

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