Matt Bot AI operates from the area “mtai.vip”.
The area was registered with incomplete bogus info on December 30th, 2020.
On the time of publication Matt Bot AI’s web site is nothing greater than an affiliate login web page, introduced in default Chinese language:
English is a selectable choice, which brings us to Matt Bot AI’s promotion.
Matt Bot AI is primarily promoted to English-speaking potential traders by way of 10X Crypto Merchants.
On Meetup 10X Merchants is predicated out of California and represented by a gaggle of 929 members.
The organizer of the group is Cliff Townsend:
As above, Townsend’s Meetup profile locations him in Florida.
Exterior of 10X Crypto Merchants, Townsend doesn’t have a lot of a digital footprint.
On this absence of official advertising materials supplied, this evaluation depends on Matt Bot AI shows uploaded to 10X Crypto Merchants’ YouTube channel.
As all the time, if an MLM firm will not be brazenly upfront about who’s operating or owns it, assume lengthy and laborious about becoming a member of and/or handing over any cash.
Matt AI Bot’s Merchandise
Matt AI Bot has no retailable services or products, with associates solely in a position to market Matt AI Bot affiliate membership itself.
Matt Bot AI’s Compensation Plan
Matt Bot AI associates pay an annual payment for entry to a cryptocurrency buying and selling bot.
Cryptocurrency is positioned underneath management of Matt Bot AI, with 10X Crypto Merchants touting 10% to 30% passive month-to-month returns.
Matt Bot AI’s nameless admins take a 20% payment of worthwhile trades made by the bot.
The MLM aspect of Matt Bot AI sees associates paid to recruit new associates.
Commissions are paid as a share of annual charges paid by recruited Matt Bot AI associates.
Matt Bot AI Affiliate Ranks
There are six affiliate ranks inside Matt Bot AI’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- One Star – enroll as a Matt Bot AI affiliate
- Two Star – recruit three associates and have fifty associates in your downline
- Three Star – recruit 5 associates, have a Two Star in three particular person legs and have a downline of 2 hundred associates
- 4 Star – recruit ten associates, have a Three Star in three particular person legs and have a downline of 5 hundred associates
- 5 Star – recruit twenty associates, have a 4 Star in three particular person legs and have a downline of 1 thousand associates
- Companion – recruit thirty associates, have a 5 Star in three particular person legs and have a downline of two thousand associates
Word that “legs” refers to unilevel legs. Every personally recruited affiliate generates a brand new unilevel staff leg.
With a view to depend in direction of qualification standards, recruited associates have to be present with annual payment fee.
Matt Bot AI associates earn a share of charges paid by personally recruited associates:
- One Stars earn 30%
- Two Stars earn 40%
- 4 Stars earn 50%
- 5 Stars earn 65%
- Companions earn 70%
Matt Bot AI’s admins take a 20% minimize of any worthwhile trades made by the bot.
As much as 60% of this 20% collected payment is used to pay residual commissions.
- One Stars earn a 20% residual fee charge
- Two Stars earn a 30% residual fee charge
- Three Stars earn a 40% residual fee charge
- 4 Stars earn a 50% residual fee charge
- 5 Stars earn a 55% residual fee charge
- Companions earn a 60% residual fee charge
Residual commissions are coded and tracked by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel staff, with each personally recruited affiliate positioned immediately underneath them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel staff.
If any stage 2 associates recruit new associates, they’re positioned on stage three and so forth and so forth down a theoretical infinite variety of ranges.
The way in which coded residual commissions are paid is the distinction between ranks.
E.g. You’re a 4 Star and a Two Star you’ve recruited recruits a brand new Matt Bot AI affiliate.
The Two Star is paid their 30% residual fee charge. Since you’re a 4 Star, you’re paid the distinction between your charge and that of Two Star (50% – 30% = 20% paid out).
Of the utmost 60% paid on all 20% admin charges collected, 10% stays to be paid out (the Companion 60% charge minus your 50% charge).
The system searches additional upline for both a 5 Star or Companion ranked affiliate.
If a 5 Star is discovered first, they’re paid 5% (55% – 50%). The remaining 5% is paid to the primary upline Companion ranked affiliate discovered.
If a Companion is discovered first, they’re paid the total 10% excellent residual fee.
Word that nothing is handed up when a Companion affiliate is discovered. Be it a direct or coded residual fee, Companions are all the time paid the total 60% or what’s left of 60% to be paid out.
Becoming a member of Matt Bot AI
Matt Bot AI affiliate membership is $150 yearly, paid in tether (USDT).
Matt Bot AI makes use of the usual MLM crypto buying and selling bot securities fraud enterprise mannequin.
Possession particulars aren’t supplied, as a result of securities fraud is unlawful the world over.
The MLM aspect of Matt Bot AI is pyramid recruitment, as 100% of commissions paid out are tied to recruitment and fee of $150 annual affiliate charges.
With respect to Matt Bot AI as a buying and selling bot, it needs to be famous that 70% of the $150 paid for entry to it’s recycled to pay commissions.
That leaves $45 paid for the bot yearly.
When you had a buying and selling bot able to legitimately producing a constant 10% to 30% a month, would you promote entry to it for $45 a yr?
As a part of my analysis into Matt Bot AI, I famous at one time makes an attempt to entry the area homepage threw a “white label” error.
This error has since been rectified. Matt Bot AI’s area homepage now redirects to a parked message.
This means Matt Bot AI is only a white label buying and selling bot script purchased from a third-party.
Potential Matt Bot AI associates needs to be cautious of social media buying and selling outcomes “proof”. This isn’t an alternative choice to audited monetary studies.
Matt Bot AI additionally fails to reveal any details about its bot to associates, once more in violation of securities legislation.
Sometimes pseudo-compliance sees buying and selling bot scammers faux they aren’t promoting a passive funding scheme.
This isn’t the case with 10X Crypto Merchants’ promotion of Matt Bot AI.
[28:47] So Princess shared her story of sharing Matt Bot with a few folks.
She earned ninety dollars, and he or she was then in a position to switch these funds into her investing account.
Implausible technique. That’s the way you “10x” your earnings.
No matter whether or not the existence of a passive funding scheme is acknowledged, it’s there nonetheless.
Bear in mind, the place pooled funds are saved is irrelevant with respect to securities legislation and establishing an funding contract as per the Howey Take a look at.
If Matt Bot AI itself doesn’t lose investor funds via unhealthy trades, the buying and selling bot exit-scam sees funds misplaced to admins by way of rigged trades.
A documented instance of this taking part in out on BehindMLM is iQuandex.
The rigged trades exit-scam is often accompanied by excuses that don’t maintain as much as scrutiny.
As to who’s behind Matt Bot AI, as I write this Alexa pegs the US as the one notable supply of site visitors to its web site (37%).
This means that Cliff Townsend and 10X Crypto Merchants might be behind the scheme. Or alternatively individuals identified or unknown to Townsend, working from elsewhere throughout the US.