We Are All Satoshi: The Truth of this Ponzi Scheme Exposed? (2023)
We Are All Satoshi is a Bitcoin MLM company. It is a clear Ponzi scheme disguised as a typical crypto marketing pitch.
On April 5th, 2023, the company’s website domain “wearesatoshi.org” was privately registered.
We Are All Satoshi, and other 300% passive investing schemes are securities offerings under existing financial laws around the world.
This includes registration with financial regulators and the filing of audited financial reports on a regular basis. The filed reports aim to ensure that the company is doing what it claims to be doing.
Furthermore, when We Are All Satoshi delivers on its promises, audited financial reports are irrelevant.
We Are All Satoshi does nothing but solicit investment, exchange it for worthless WAAS tokens, pay monopoly money returns in WAAS, and allow investors to withdraw their previously invested capital.
Who is behind We Are All Satoshi?
Sam Lee, a well-known Ponzi schemer, is prominently shown on We Are All Satoshi’s website:
Lee and his partner Ryan Xu established the Ponzi schemes HyperCash, HyperCapital, HyperFund, and Hyperverse, all of which failed.
Following those Hyper* Ponzi scams came HyperNation and HyperOne; however, Lee’s detailed involvement in those following schemes is unclear.
How exactly does a Ponzi scheme operate?
An investment fraud known as a Ponzi scheme draws investors with claims of great returns and no risk but fails to invest the money as stated. Instead, it pays off earlier investors with money from future investors while maybe keeping a portion of the profits. These schemes typically fail when recruiting investors becomes challenging or when multiple investors attempt to cash out. They depend on a steady flow of new buyers to operate. They are called after Charles Ponzi, who ran a similar scam using postal stamps in the 1920s.
Lee is hidden in his Dubai flat for the majority of 2022. Lee, who is originally from Australia, escaped to the world’s MLM crime capital in 2021 as HyperFund took off. Lee returned with StableDAO in late 2022. StableDAO promised an 11% monthly return to victims of Lee’s previous scams.
StableDAO also served as a scam incubating platform, allowing Lee to develop StableOpinion and VidiLook. StableOpinion was unable to gain considerable support. VidiLook did, but it went bankrupt on April 21st.
We Are All Satoshi is Lee’s third StableDAO offshoot following the end of VidiLook.
Their Products
This company does not sell any product or service. Affiliates can only promote their affiliate membership.
Their Compensation Plan
We Are All Satoshi affiliates invest in WAAS tokens. WAAS tokens cost $1 each, and there are eleven We Are All Satoshi investment tiers:
| Rank | Compensation | |
|---|---|---|
| 1. | Stardust | $100 |
| 2. | Vega | $300 |
| 3. | Orbital | $700 |
| 4. | Cosmos | $1500 |
| 5. | Steller | $3100 |
| 6. | Galaxy | $6300 |
| 7. | Nebula | $12,700 |
| 8. | Cosmic | $25,500 |
| 9. | Polaris | $51,100 |
| 10. | Quantum | $102,300 |
| 11. | Multiverse | $204,700 |
WAAS coins are parked with We Are All Satoshi after being purchased. This is done on the promise of a daily ROI of 1% or 2%.
- We Are All Satoshi affiliates that recruit two affiliates who have invested receive 2% per day on all other affiliates.
- Also, their affiliates receive 1% every day.
We Are All Satoshi gives daily returns until 300% of the WAAS token amount invested is reached. Following this, reinvestment is required to continue earning.
It should be noted that investments in WAAS tokens are locked for 500 days. They stay locked regardless of whether or not 300% has been paid out on them.
We Are All Satoshi’s MLM pays on the recruitment of affiliate investors.
All MLM commissions and bonuses, as far as we know, are paid out in WAAS tokens.
We Are All Satoshi Affiliate Ranks
There are twelve affiliate ranks within We Are All Satoshi’s compensation plan.
Along with their respective qualification criteria, they are as follows:
| 1. | SHIBA | Generate $100,000 |
| 2. | TRON | Generate $250,000 |
| 3. | DOGE | Generate $500,000 |
| 4. | CARDANO | Generate $750,000 |
| 5. | RIPPLE | Generate $1,000,000 |
| 6. | MATIC | Generate $2,000,000 |
| 7. | POLKADOT | Generate $3,000,000 |
| 8. | SOLANA | Generate $4,000,000 |
| 9. | BINANCE | Generate $5,000,000 |
| 10. | ETHERIUM | Generate $10,000,000 |
| 11. | BITCOIN | Generate $20,000,000 |
Referral Commissions
Affiliates of We Are All Satoshi receive a 5% commission on WAAS token purchases.
It is worth noting that We Are All Satoshi denies affiliates referral commissions on their first two recruits. From the third recruit, referral commissions are collected.
Residual Commissions
We Are All Satoshi uses a binary compensation mechanism to pay residual commissions.
In a binary compensation system, an affiliate is placed at the top of a binary team, which is divided into two sides (left and right):
- The binary team’s first level contains two positions.
- The second level of the binary team is created by dividing the initial two slots into two positions each (4 positions).
- Subsequent levels of the binary team are made as needed, with each subsequent level containing twice as many spots as the previous level.
- Positions in the binary team are filled through direct and indirect affiliate recruitment. It is important to note that no limit exists on how deep a binary team can grow.
- At the conclusion of each day, We Are All Satoshi totals new investment volume on both sides of the binary team.
Affiliates are paid 10% of funds matched on both sides.
| Rank | Ear Up to |
| SHIBA | $360 in residual commissions a day |
| TRON | $420 in residual commissions a day |
| DOGE | $480 in residual commissions a day |
| CARDANO | $540 in residual commissions a day |
| RIPPLE | $600 in residual commissions a day |
| MATIC | $700 in residual commissions a day |
| POLKADOT | $800 in residual commissions a day |
| SOLANA | $900 in residual commissions a day |
| BINANCE | $1000 in residual commissions a day |
| ETHERIUM | $1200 in residual commissions a day |
| BITCOIN | $1500 in residual commissions a day |
Joining We Are All Satoshi
Affiliate membership in We Are All Satoshi is completely free.
To fully participate in this associated income opportunity, an upfront commitment of $100 to $204,700 is required. We Are All Satoshi does not reveal the cryptocurrencies they seek investment in.
Conclusion
We Are All Satoshi’s WAAS Token is useless and only has cash out value until We Are All Satoshi eventually crashes.
StableDAO and StableOpinion are in a rut, and VidiLook has already collapsed, of Sam Lee’s post-Hyper* Ponzi scams. Other than the extreme Hyper* die-hards, there can’t be too many people remaining to fall for Lee’s fraud.
As with other MLM Ponzi schemes, new investment will dry up once the affiliate attracting applicants is exhausted. This will rob We Are All Satoshi of ROI revenue, resulting in a collapse. Ponzi schemes’ history ensures that most participants lose money when they fail.
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