Blockchain Alliance operates within the cryptocurrency MLM area of interest.
Heading up the corporate now we have CEO Joshua Denne.
As per Denne’s LinkedIn profile, he’s additionally the CEO of Blockchain Funding.
Blockchain Funding was launched in 2017 and claims to “present cutting-edge options for Web3, NFT, and blockchain tasks”.
At time of publication SimilarWeb tracked negligible site visitors to Blockchain Funding’s web site area.
Blockchain Funding’s Instagram profile hasn’t been touched because it was created in April 2022. Blockchain Funding’s Twitter profile is clean, indicating it too hasn’t been used because it was created in April 2022.
Along with no web site site visitors, it seems Blockchain Funding is lifeless.
It needs to be famous that the identical folks behind Blockchain Funding are behind Blockchain Alliance:
Previous to launching Blockchain Alliance, Denne was a promoter of the Daisy Foreign exchange Ponzi scheme.
In February 2023, Denne claimed his scamming with Daisy Foreign exchange was “simply getting began”:
Undecided what occurred there. A month later Denne introduced Blockchain Alliance’s April 2023 prelaunch.
Of be aware is that this March 2023 Instagram put up from Denne, wherein he represents serial scammers Rabu Gary and Avinash Nagamah as “enterprise companions”.
Gary and Nagamah have been not too long ago outed as high net-winners within the collapsed $500 million Merchants Area Ponzi scheme. Whether or not Denne was a Merchants Area investor is unclear.
Circa 2021 Denne was selling Chris Snook’s SDK Meta “organized crime tier privateness telephone” grift.
SDK Meta seems to have collapsed in early 2022.
Going again additional, in 2020 Denne was selling Nicely Past.
Nicely Past took place after Jeremy Reynolds bought what was left of MXI Corp after it collapsed in 2017.
Initially Nicely Past continued to promote MXI Corp’s Xocai chocolate dietary supplements. In 2020 Reynolds started funneling Nicely Past distributors into Travis Bott’s Onyx Life-style Ponzi scheme.
Though he denies having “any energy” within the firm, Clif Braun was initially cited as an Onyx Life-style co-founder.
Braun is concerned in Blockchain Alliance.
Onyx Life-style would finally turn into Digital Revenue in mid 2020. Jeremy Reynolds signed on as a Digital Revenue co-founder with Travis Bott.
Digital Revenue collapsed in August 2021. What was left of Nicely Past was bought off to My Day by day Selection in September 2021.
As finest I can inform, Denne’s descent into MLM crypto fraud started with Nicely Past.
Earlier than he obtained a style for crypto fraud, Denne made a reputation for himself in Seacret Direct (2011 – 2018).
Different names I acknowledged on Blockchain Alliance’s company workforce embrace Toan Nguyen, Wayne Marcel and Doug Kyle.
Toan Nguyen is co-founder of LaCore Enterprises’ Elomir.
By his Passive Earnings Group YouTube channel, Nguyen has been selling MLM crypto Ponzi schemes since mid 2018.
Eight days in the past Nguyen uploaded a promotional evaluation of the not too long ago launched MuQuant MLM crypto Ponzi scheme:
Wayne Marcel and Toan Nguyen teamed up in early 2022 to launch Definity FI Academy, a collapsed MLM crypto Ponzi scheme.
Doug Kyle is co-founder of KulaBrands.
No company deal with is offered on Blockchain Alliance’s web site. On LinkedIn, Joshua Denne cites his location as Arizona within the US.
Presumably this implies Blockchain Alliance can also be being operated from Arizona.
Learn on for a full evaluation of Blockchain Alliance’s MLM alternative.
Blockchain Alliance’s Merchandise
Blockchain Alliance sells entry to particular person services by way of what they name “entry passes”.
Services and products featured in Blockchain Alliance’s advertising embrace:
- digieBot Buying and selling Account – “an automatic buying and selling bot that … executes trades routinely 24/7 with out human help”
- nSights Buying and selling Account – “a decentralized, semi-auto buying and selling bot powered by digieBot Applied sciences Inc”
- Academy Entry – “a complete academic platform centered on Web3 expertise”
- Alliance AI Entry – “enhanced prospecting, personalised teaching, and predictive market insights”
- Digital Occasion Ticket – presumably a ticket to a paid webinar
- DAO – three-tier group by way of which associates are led to consider they’ll vote on enterprise associated issues, however the majority of votes forged are by Blockchain Alliance executives
- Utherverse – metaverse grift
It’s value noting that Blockchain Alliance’s advertising cites twelve entry move tiers. There are 9 above with the opposite three presumably “TBD”.
Blockchain Alliance attire up its product service tiers as NFTs. There doesn’t look like any purpose for this apart from “as a result of crypto”.
On pricing, Blockchain Alliance is presently hiding this data from customers:
From what I’ve been in a position to piece collectively, Blockchain Alliance’s entry passes begin at $200…
…and run into the hundreds. This advertising slide suggests Blockchain Alliance entry passes will value as a lot as $20,000:
Entry move charges are represented to be month-to-month recurring subscriptions.
Blockchain Alliance’s Compensation Plan
Blockchain Alliance’s compensation plan pays on entry move gross sales to retail clients and recruited associates.
Referral Commissions
Blockchain Alliance pays referral commissions on entry move charges down two ranges of recruitment:
- stage 1 (retail clients and personally recruited associates) – 15%
- stage 2 – 10%
Prime Producers Pool
Blockchain Alliance takes 2% of company-wide entry pas charges and locations it into the Prime Producers Pool.
Associates who generate essentially the most quantity of entry move gross sales quantity obtain shares within the pool as follows:
- high affiliate by quantity – 16 shares
- second affiliate – 12 shares
- third affiliate – 10 shares
- fourth affiliate – 7 shares
- fifth affiliate – 6 shares
- sixth to tenth associates – 4 shares every
- eleventh to fifteenth associates – 3 shares every
- sixteenth to twentieth associates – 2 shares every
- twenty-first to twenty-fifth associates – 1 share every
How continuously the Prime Producers Pool is paid out is unclear.
International Pool
Blockchain Alliance takes 3% of company-wide entry move quantity and locations it into the International Pool.
The International Pool is paid out quarterly and qualification seems to be tied to entry move gross sales quantity.
Particular particulars weren’t publicly out there at time of publication.
Becoming a member of Blockchain Alliance
Blockchain Alliance affiliate membership seems to be free.
Associates are required to click on a “I need to be an affiliate” checkbox when signing up.
Blockchain Alliance Conclusion
Blockchain Alliance’s principals have numerous fraud-related heavy baggage.
As I perceive it Blockchain Alliance was able to launch a while in the past. The launch was delayed so “AI” buzzwords and NFTs may very well be rammed into the enterprise mannequin and advertising.
That’s after all all fluff. On the core of Blockchain Alliance’s MLM alternative is a passive returns buying and selling bot.
Having by no means heard of digieBot Applied sciences Inc, I went and seemed them up:
Shock shock, it’s run by Blockchain Alliance’s Buying and selling Staff CEO, Doug Kyle.
Kyle’s digieBot Tech accomplices, Mudasser Abbas and Brendan Duff, function alongside him on Blockchain Alliance’s web site.
In case you’re questioning what occurred to the opposite KulaBrands co-founder Peter Gantner, he’s after all “secretly” concerned in Blockchain Alliance.
You received’t discover Gantner talked about on digieBot Tech’s or Blockchain Alliance’s web sites or advertising supplies.
It’s value mentioning that, a minimum of based on Gantner’s LinkedIn profile, the digieBot Tech buying and selling bot grift has been happening since January 2018.
That was over 5 years in the past. The place are the audited buying and selling outcomes?
Talking of audits, it goes with out saying that the passive returns provided by way of Blockchain Alliance’s buying and selling bots constitutes a securities providing.
With Joshua Denne and Blockchain Alliance being based mostly out of the US, this requires registration with the SEC.
A search of the SEC’s publicly out there Edgar database reveals neither Blockchain Alliance, Joshua Denne, digieBot Tech, Doug Kyle or Peter Gantner are registered.
digieBOT Tech is talked about in a 2019 KulaBrands submitting however that’s a part of the corporate’s failed IPO try. It doesn’t disclose KulaBrands providing securities by way of its automated buying and selling bot.
Just lately we’ve additionally seen the CFTC go after MLM automated buying and selling bot schemes. Though not as clear minimize as securities fraud, failing to register with the CFTC may additionally set off commodities fraud violations.
Though the hyperlink is presently disabled, I additionally couldn’t assist however discover “staking” in Blockchain Alliance’s web site footer:
This probably opens the door for a “staking” model crypto Ponzi sooner or later (I didn’t see any point out of 1 in researching this evaluation).
Hooked up to Blockchain Alliance’s securities and potential commodities fraud is a pseudo-compliance MLM compensation plan.
Retail and affiliate Blockchain Alliance participates join with the identical type. The one distinction is Blockchain Alliance associates click on a checkbox.
If this stays the identical it goes with out saying the corporate goes to be affiliate-heavy. This may lead to Blockchain Alliance furthering their fraud by working as a pyramid scheme.
Between securities and commodities fraud and passive returns being provided by way of a five-year previous automated buying and selling bot, how Blockchain Alliance in the end pans out will possible be a repeat of Digital Revenue.
Rigged trades in favor of these working the scheme, with everybody else shedding out.
