Thanks for stopping by to read our Monyx review.
You might have noticed that Monyx is getting a lot of hype and attention these days.
You might have had some friends in Network Marketing approach you about Monyx, or you may have seen it on social media.
Is it really a legit business?
Is it a safe business to join?
We have collected all the facts here in our Monyx review – now you can learn all you need to know about it.
Let us show you in our unbiased review.
Get started by reading our review below.
Monyx Review
No information has been provided by Monyx on their website concerning who owns or runs the company.
There is a transaction machine payment app with a similar name (Monyx Wallet), though apparently the two companies are unrelated.
The website domain was privately registered on November 17th, 2017.
If an MLM company does not reveal who is running or owns it, think twice before joining and/or investing any money.
Products of Monyx
There are no retailable products or services offered by Monyx. The affiliates are only able to market affiliate membership itself.
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The Compensation Plan
The affiliates of Monyx invest in MYX points at a rate of 45 cents to $1 each.
MYX points are then “lent” back to Monyx to receive a daily ROI.
- Invest $100 to $1000 to get a daily ROI plus 0.1% bonus for 140 days
- Invest $1001 to $10,000 to get a daily ROI plus 0.2% bonus for 120 days
- Invest $10,001 to $50,000 to get a daily ROI plus 0.3% bonus for 80 days
- Invest $50,001 to $100,000 to get a daily ROI plus 0.4% bonus for 60 days
The referral commissions are paid by Monyx via a unilevel compensation structure.
An affiliate is placed at the top of a unilevel team by a unilevel compensation structure. Every personally recruited affiliate is placed directly under them (level 1).
When any level 1 affiliate recruits new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
When any level 2 affiliate recruits new affiliates, they are placed on level 3 and so on to the unlimited levels. They pay referral commissions using this unilevel compensation structure, both on funds initially invested and also on MYX points parked with the company.
Initial Investment Commissions
- 8% on level 1 (personally recruited affiliates)
- 3% on level 2
- 1% on level 3
MYX Points Lending Commissions
- 8% on level 1 (personally recruited affiliates)
- 3% on level 2
- 2% on level 3
- 1% on level 4 and
- 0.5% on level 5
Membersip
The affiliate membership is free. However free affiliates can only earn referral commissions.
To fully participate in the Monyx income opportunity requires a minimum $100 investment.
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Summing Up
Monyx cites to be “the future of investing” and the first investment platform which aims to do better than Bitcoin on a risk-adjusted basis via state-of-art Algorithmic Trading powered by Artificial Intelligence.
They claim they’ve traded successfully with their algorithms since 2013 and have now decided to open up for outside capital despite providing no evidence of having an AI trading bot or making trades.
Monyx cites their trades have “outperformed Bitcoin during 2017”.
Their claims fail the Ponzi logic test for 2 primary reasons.
The website even didn’t exist until last month. The company offers no history prior to November, 2017.
Second, if the anonymous owners had been doing better than bitcoin since 2013 with their “algorithms”, they’d be among the world’s richest by now.
They will not besoliciting investment from randoms over the internet and sharing the profits Monyx claims to generate.
Unfortunately for Monyx investors is yet another ICO lending Ponzi scam. Monyx’s owners sell off valueless tokens to naive investors, on nothing more than baseless projections.
They claim $10,000 invested in Monyx ICO is projected to be worth $150,000 in Q1 2018.
The end-game for admins of lending Ponzi scams is straight forward.
ROIs are given out via the internal exchange until affiliate recruitment inevitably slows down and invested funds run low.
The anonymous admins stop paying out at that point and disappear with what’s left.
Early Monyx investors make a bit via ROI withdrawals while they last and via pyramid recruitment. The majority of investors loses out.
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