StakeMine operates within the cryptocurrency MLM area of interest.
StakeMine represents it’s operated via “Stakemine Options in Ore Tokenization”, a shell firm registered in El Salvador.
Purportedly heading up StakeMine is CEO Junior Cardoso.
Apart from a just lately created LinkedIn profile, Cardoso doesn’t exist exterior of StakeMine’s advertising and marketing.
This makes Cardoso a chief Boris CEO candidate.
As to who’s truly operating StakeMine, my cash is somebody from South America.
StakeMine’s web site options Portuguese…
And StakeMine was put collectively utilizing Arbot Defi, a “drag and drop” smart-contract creator device (i.e. whoever is operating StakeMine is lazy and/or clueless).
Arbot Defi’s web site can be introduced in Portuguese.
Brazil is the one South American nation the place Portugal is an official language. I’m definitely not an skilled, however the actor taking part in Junior Cardoso additionally speaks with an accent according to what I’ve beforehand seen from Brazilians.
Placing all of this collectively, my cash is on StakeMine being run by admins from Brazil.
StakeMine operates from two recognized web site domains:
- stakemine.tech – privately registered on July seventh, 2022
- stakemine.app – privately registered on August thirtieth, 2022
SimilarWeb tracks negligible site visitors to StakeMine’s .TECH area. High sources of site visitors to StakeMine’s .APP area are Latvia (89%) and Poland (10%).
As at all times, if an MLM firm just isn’t overtly upfront about who’s operating or owns it, suppose lengthy and onerous about becoming a member of and/or handing over any cash.
StakeMine’s Merchandise
StakeMine has no retailable services or products.
Associates are solely in a position to market StakeMine affiliate membership itself.
StakeMine’s Compensation Plan
StakeMine associates make investments USD equal in cryptocurrency.
That is executed on the promise of an “as much as 1% a day” weekday ROI, capped at both 200% or 300%:
- Plan 1 – make investments $80 and obtain a 200% ROI
- Plan 2 – make investments $200 and obtain a 200% ROI
- Plan 3 – make investments $1000 and obtain a 300% ROI
- Plan 4 – make investments $2000 and obtain a 300% ROI
- Plan 5 – make investments $4000 and obtain a 300% ROI
Notice that whereas precise cryptocurrency goes into StakeMine, returns are paid in STMI token.
The upper the mining contract you select, the extra rewards in STMI tokens you earn.
The MLM aspect of StakeMine pays on recruitment of affiliate traders:
StakeMine Affiliate Ranks
There are 9 affiliate ranks inside StakeMine’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Gold – recruit two associates and generate $10,000 in amassed weaker binary group aspect quantity
- Sapphire – recruit two Gold ranked associates and generate $40,000 in amassed weaker binary group aspect quantity
- Ruby – recruit two Sapphire ranked associates and generate $120,000 in amassed weaker binary group aspect quantity
- Emerald – recruit two Ruby ranked associates and generate $250,000 in amassed weaker binary group aspect quantity
- Diamond – recruit two Emerald ranked associates and generate $750,000 in amassed weaker binary group aspect quantity
- Blue Diamond – recruit three Diamond ranked associates and generate $2,000,000 in amassed weaker binary group aspect quantity
- Black Diamond – recruit three Blue Diamond ranked associates and generate $5,000,000 in amassed weaker binary group aspect quantity
- Crown Diamond – recruit three Black Diamond ranked associates and generate $20,000,000 in amassed weaker binary group aspect quantity
- Royal Ambassador – recruit three Crown Diamond ranked associates and generate $50,000,000 in amassed weaker binary group aspect quantity
Notice that required recruited associates should be break up evenly on each side of the binary group. From Black Diamond, the three required recruited associates should be break up 2:1 or 1:2.
Referral Commissions
StakeMine pays an 8% referral fee on cryptocurrency invested by personally recruited associates.
Residual Commissions
StakeMine pays residual commissions by way of a binary compensation construction.
A binary compensation construction locations an affiliate on the prime of a binary group, break up into two sides (left and proper):
The primary stage of the binary group homes two positions. The second stage of the binary group is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary group are generated as required, with every new stage housing twice as many positions because the earlier stage.
Positions within the binary group are stuffed by way of direct and oblique recruitment of associates. Notice there isn’t any restrict to how deep a binary group can develop.
On the finish of every day StakeMine tallies up new funding quantity on each side of the binary group.
Associates are paid a share of latest funding on their weaker binary group aspect, primarily based on how a lot they’ve invested:
- Plan 1 tier associates obtain a 4% residual fee price
- Plan 2 tier associates obtain a 6% residual fee price
- Plan 3 tier associates obtain an 8% residual fee price
- Plan 4 and 5 tier associates obtain a ten% residual fee price
ROI Match
StakeMine pays a ROI Match by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel group, 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 group.
If any stage 2 associates recruit new associates, they’re positioned on stage 3 and so forth and so forth down a theoretical infinite variety of ranges.
StakeMine caps payable unilevel group ranges at six.
The ROI Match is paid as a share of every day returns paid to downline associates throughout these ranges as follows:
- Plan 1 tier associates obtain a 2% match on ranges 1 and a couple of
- Plan 2 tier associates obtain a 2% match on ranges 1 to three
- Plan 3 tier associates obtain a 2% match on ranges 1 to 4
- Plan 4 tier associates obtain a 2% match on ranges 1 to five
- Plan 5 tier associates obtain a 2% match on ranges 1 to six
Rank Achievement Bonus
StakeMine rewards associates for qualifying at Gold and better with the next one-time Rank Achievement Bonuses:
- qualify at Gold and obtain $100
- qualify at Sapphire and obtain an Apple Watch or $250
- qualify at Ruby and obtain an iPhone 14 or $1000
- qualify at Emerald and obtain a MacBook or $2000
- qualify at Diamond and obtain a “Diamond Retreat”
- qualify at Blue Diamond and obtain a Rolex watch
- qualify at Black Diamond and obtain an Audi A5
- qualify at Crown Diamond and obtain a Ferrari
- qualify at Royal Ambassador and obtain an “residence in Dubai”
Becoming a member of StakeMine
StakeMine affiliate membership is free.
Full participation within the connected earnings alternative requires a minimal $80 funding in cryptocurrency.
StakeMine Conclusion
StakeMine represents it generates exterior income via
the manufacturing of treasured stones like lithium, gold, paraiba tourmaline, emerald and shortly different particular ores.
No verifiable proof to show this declare is offered.
Verifiable proof could be audited monetary reviews, filed with monetary regulators.
It is a authorized requirement, owing to StakeMine’s passive funding alternative constituting a securities providing.
StakeMine doesn’t have any audited monetary reviews and hasn’t registered with monetary regulators. Because of this at a minimal, StakeMine is committing securities fraud and working illegally.
Why would StakeMine decide to commit securities fraud and function illegally?
As a result of its staged advertising and marketing movies don’t have anything to do with income era. All StakeMine are doing is recycling newly invested funds to repay present traders.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This may starve StakeMine of ROI income, finally prompting a collpase.
StakeMine’s exit-scam will seemingly be centered round its STMI token.
STMI is a BEP-20 token. These will be arrange in a couple of minutes at little to no value.
By paying out returns in STMI, StakeMine creates a buffer between precise invested cryptocurrency and its nugatory in-house token.
Look ahead to the exit-scam when StakeMine introduced STMI will probably be dumped on public exchanges. Alternatively, StakeMine may simply disappear, leaving traders bagholding yet one more nugatory Ponzi shittoken.
The mathematics behind Ponzi schemes ensures that once they collapse, the vast majority of contributors lose cash.
