Swag OU: Are They Fake Traders? The Truth Exposed (2023)
Swag OU is a dangerous scam you should avoid associating yourself with. The following review debunks their numerous claims and helps you understand why you must avoid them:
On SwagYourLife.com, the Swag Network is presented as an amazing chance to improve your life through cryptocurrency mining. According to the website, this platform is a fantastic chance for anyone who wishes to professionally enter the Bitcoin mining sector.
The firm makes the claim that its members are extremely knowledgeable and skilled. The IT and financial industries are only two of the many sectors this team is a part of. Founded in 2020, the website. The crew behind Swag is still cited as having more than 30 years of experience, though.
The company works in a variety of fields, including network marketing, real estate, gaming, and crypto mining.
History of Swag
Swag Ou (Swag Corporate), the parent corporation of the firm, is listed as such on SwagYourLife.com. Further investigation of Swag Ou reveals that it is probably a shell corporation based in Estonia.
This company also maintains a number of additional websites. Some of them, meanwhile, are not yet in use. This demonstrates that contrary to what it is claiming to be, the whole thing is a new business.
Swag OU involved in the scam
Additionally, Swag is known as Swag Mining and Swag Networks.
The parent business of Swag is listed as Swag Ou (also known as Swag Corporate), which seems to be a shell corporation registered in Estonia.
- Originally established on February 26, 2020, Italian hosting is Swag Mining (swagmining.com).
- The Italian hosting company, first established in 2019, swag (swagyourlife.com), domain registration is now private.
- Privately registered in June 2020, Italian hosting is provided by Swag Corporate (swag-corporate.com).
Italic is the website’s default language. This implies that the company’s owner, if not really based in Italy, is at the very least an Italian national.
The fact that six of Swag’s current “best promoters of the month” are Italians supports this. Spaniards make up the other two.
As mentioned above, an Italian registrar handled the registration and hosting of Swag’s corporate websites.
Stampa co-founded Swag in July 2019, according to his LinkedIn page.
Stampa is headquartered in Florence, Italy, which is probably where the business is truly run from.
The purchase of the swagmining.com domain serves as evidence for this. We can identify that the registrant is from LI, IT, even though the bulk of the registration information has been “redacted for security.”
Due to the enormous sums of money that traders typically lose, many people historically had a tendency to think that day trading is a fraud. Over 80% of day traders lose money, which is a well-known statistic. Day trading is a legitimate method of earning money online, albeit, in fact.
This is an abbreviation for the Italian region of Livorno. The Italian province of Livorno is located in the Tuscany area. The Tuscany region of Italy has Florence as its capital.
Gabriele Stampa seems like your standard crypto dude based on the information on his LinkedIn page.
Participation in a variety of cryptocurrency ventures, none of which seem to have taken off, according to Stampa.
Commissions for Referrals
When affiliates are hired, Swag Ou affiliates receive a referral commission on their fees.
A unilevel incentive system that tracks affiliates at an unknown number of levels appears to be used to track affiliate recruitment.
A unilevel pay system positions an affiliate at the head of a unilevel team, with each affiliate that was personally recruited right behind them (level 1).
- If any level 1 affiliate brings on new affiliates, the new affiliates are added to the level 2 team of the initial publisher.
- If any level 2 affiliates add new affiliates, they are promoted to level 3, and so on down a theoretically endless number of levels.
An exact payment % was not to be found. The average referral commission for 10 renewal fee payments, according to an example I saw in an advertising presentation, was 0.0151 Bitcoins.
From this, it can be inferred that the typical referral commission rate is 0.00151 BTC on each payment of a renewal fee.
Keep in mind that renewal payments are payable every two months. Therefore, every two months, referral commissions are also paid.
Acquiring Swag Ou
Affiliates of Swag are charged a yearly fee. None of Swag Ou’s websites mention this cost.
Based on Swag affiliate marketing presentations, I can attest that an affiliate’s revenue potential increases with the amount they pay when they sign up.
Swag OU Review: Conclusion
This discussion of Swag Ou’s many features aims to demonstrate that SwagYourLife.com is not a reliable source of investment opportunities. If you invest in this firm, you risk losing a lot of money.
Furthermore, the company’s business strategy is also unreliable. Affiliates and their fees are a reliance. Nothing in Swag suggests that Bitcoin mining is truly taking place. In order to draw customers, the corporation is simply employing cryptocurrency mining as a marketing strategy.
Actually, Swag Ou is just another cryptocurrency Ponzi scam that will eventually fail for lack of participants. There is no use in investing in SwagYourLife.com since even if you do make any money, it will be very little.
Considering investing in crypto mining firms that have been in business for a while if you don’t want to squander your money on Ponzi scams like Swag Ou. As a result, mining cryptocurrency on reliable networks should result in a sizable return.