On its website, SolaRoad omits to list ownership or executive details.
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The domain name “solaroad.io” for SolaRoad’s website was privately registered on March 16, 2023.
On their GitHub page, SolaRoad does offer executive information offsite:
The three executives highlighted by SolaRoad are all allegedly headquartered in the US. Of course, none of them are out there besides their just constructed LinkedIn profiles.
According to the information provided, “John Elways” had “senior management positions” at Hewlett Packard.
This relates to SolaRoad’s assertion that Hewlett Packard was “one of the initiators of” the SolaDigital Foundation.
There are no connections between Hewlett Packard and SolaRoad or SolaDigital Foundation that I could discover.
In addition to Hewlett Packard, SolaRoad also erroneously associates itself with:
Although I was unable to identify the people portraying the executives of SolaRoad, I was successful in connecting “John Elways” to Thailand on a few occasions.
This is consistent with SolaRoad’s staged marketing event that it held in Thailand last month (remember that the company has only been operating for less than three months):
All three of SolaRoad’s executive actors were present at the occasion, which appeared to be targeted at investors in South-East Asia.
“AI Ocean” is a branding used in SolaRoad’s marketing videos, but not on their official website.
This produced influencer marketing video provides one hint as to who is actually behind SolaRoad:
The two performers in the ad have unique eastern European accents and are portrayed as social media influencers with millions of followers. Likewise, all the extras.
It is noteworthy that none of the three executives listed by SolaRoad are shown in the video. It’s a little strange considering that it’s supposedly a “visit to Sola Digital Foundation Headquarters.”
Although I can’t be certain, SolaRoad is probably controlled by Russians and/or Ukrainians, either from Thailand or in collaboration with Thai partners.
According to SolaRoad’s registration form for its Macau marketing event on May 15th, said associates most likely have connections to China:
This is offered under the “solaroad.pro” domain, which was privately registered on April 25th.
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.
SolaRoad does not offer any services or goods for retail.
Only the SolaRoad affiliate membership itself is available for marketing by affiliates.
The Compensation Plan
Affiliates of olaRoad put $100 or more in tether (USDT) into ACoin.
A 1.5% daily return is given on the SOD token that SolaRoad creates from ACoin.
The MLM component of SolaRoad compensates for affiliate investor recruiting.
Affiliate Ranks for SolaRoad
The pay structure of SolaRoad has seven affiliate ranks.
They are as follows, along with their respective qualification standards:
- Community Node 1 – convince others to invest 5000 USDT
- Community Node 2 – convince others to invest 30,000 USDT
- Community Node 3 – convince others to invest $150,000 USDT
- Community Node 4 – convince others to invest $500,000 USDT
- Community Node 5 – convince others to invest $1,500,000 USDT
- Community Node 6 – convince others to invest $4,500,000 USDT
- Community Node 7 – convince others to invest $13,500,000 USDT
Commissions for Referrals
SolaRoad offers an 8% referral bonus for the first two levels of hires.
On the money invested by affiliates who have been recruited at these two tiers, referral commissions are given.
Rank Achievement Bonuses
The following Rank Achievement Bonuses are given to affiliates that qualify at Community Node 1 and higher by SolaRoad:
- qualify at Community Node 1 and receive a 10% daily ROI
- qualify at Community Node 2 and receive a 20% daily ROI
- qualify at Community Node 3 and receive a 30% daily ROI
- qualify at Community Node 4 and receive a 40% daily ROI
- qualify at Community Node 5 and receive a 50% daily ROI
- qualify at Community Nofe 6 and receive a 60% daily ROI
- qualify at Community Node 7 and receive a 70% daily ROI
I’m not entirely sure if the return is paid as a percentage of downline returns or as fixed sums associated with the ranks, though.
The explanation provided by SolaRoad in complex crypto language won’t be of much use;
|A super computing system community contribution award has been established in the SolaRoad community system by the SolaDigital foundation.|
Every time a community member link is calculated, a contribution value is produced. The community member is eligible to get the super computing system contribution award when they control the identity of community node 1.
The return increases with the value of the community system contribution.
I know; after the first sentence, my eyes too began to glaze over.
If the specified returns are paid on the USDT sums linked, they are listed below for each rank:
- Community Node 1 – 500 USDT
- Community Node 2 – 1000 USDT
- Community Node 3 – 3000 USDT
- Community Node 4 – 6000 USDT
- Community Node 5 – 10,000 USDT
- Community Node 6 – 15,000 USDT
- Community Node 7 – 20,000 USDT
There doesn’t seem to be a cap on the rank achievement bonus, whether it be in terms of a % of downline “staking” returns or the aforementioned sums.
A 2% match is given to Community Node 1 and higher ranking SolaRoad affiliates on the Rank Achievement Bonus money made by their subordinates.
A unilevel compensation structure is used to pay out the Rank Achievement Bonus Match.
An affiliate is put at the head of a unilevel team in a unilevel pay system, and each affiliate they personally recruited is positioned immediately under them (level 1):
New affiliates brought on by any level 1 affiliates are added to the original affiliate’s unilevel team at level 2.
If any level 2 affiliates bring on new affiliates, they are promoted to level 3, and so on down a theoretically endless number of levels.
The Rank Matching Bonus is limited by SolaRoad to ten unilevel team levels.
Membership for affiliates at SolaRoad is free.
A tether investment of at least $100 is necessary for full participation in the linked income potential.
SolaRoad is a straightforward “staking” Ponzi scheme that pays out 1.5% every day.
This is covered in a ton of artificial intelligence marketing speak.
It’s a clear attempt to capitalize on the current AI boom.
But in fact, SolaRoad has nothing to do with artificial intelligence. In fact, according to their marketing materials, they won’t have anything to display until 2025.
|In two years, the core network for SolaRoad is anticipated to launch. It will establish an API interface, connect to a worldwide computing cluster server, and become the most significant infrastructure in the era of computing.|
SolaRoad’s Ponzi scheme can be broken down into a shitcoin and a shittoken.
One billion ACoins are used as a unit of measurement for both investments and withdrawals. Then there is SOD, which is used to determine investment balances and returns.
The fraudulent investment plan of SolaRoad continues to operate until all invested tether is used up, at which point SolaRoad falls.
The mathematics underlying Ponzi schemes ensures that when they fail, the majority of investors lose money.
SolaRoad has collapsed
A Ponzi scheme is a type of scam that entices investors and rewards previous investors with earnings from more current investors using their money. The Ponzi scheme, so named after the Italian businessman Charles Ponzi, deceives victims into thinking that their gains are the result of successful business ventures (such as sales of products or wise investments), while keeping them in the dark about the true source of the money. As long as new investors keep putting money in and the majority of investors continue to believe in the fictitious assets they are supposed to possess, a Ponzi scheme can continue to provide the impression that it is a viable business.
The “Ladies’ Deposit,” run by Sarah Howe in the 1880s in the United States and Adele Spitzeder in Germany from 1869 to 1872, was used in some of the earliest documented instances that fit the contemporary description of the Ponzi scam. Howe gave his only female clientele an 8% monthly interest rate before robbing them of their invested funds. After being found, she was sentenced to three years in prison. There have also been literary descriptions of the Ponzi scam; Little Dorrit, published in 1857, and Martin Chuzzlewit, published in 1844, both contain descriptions of the Ponzi scheme.
Charles Ponzi ran this scheme in the 1920s, and as a result of the enormous sum of money he made, he gained notoriety throughout the country. His initial plan relied on the legal arbitrage of international reply coupons for postage stamps, but he soon started using the funds from new investors to pay off previous investors and to pay himself. In contrast to prior comparable schemes, Ponzi’s received a lot of public attention while it was being carried out and after it collapsed, garnering him enough prominence for the type of scheme to be named after him.