Wombia’s website makes no mention of who runs or owns the business.
On July 16th, 2021, a private registration was made for the domain name “wombia.com” to be used by Wombia. Wombia provides a certificate of incorporation for Wombia Multinational Company Limited in order to appear legitimate.
An MLM company that claims to be based in the United Kingdom is a red flag. Cheap and unregulated incorporation in the United Kingdom is a godsend for small businesses. With the FCA (the UK’s top financial regulator) not actively enforcing MLM-related securities fraud, it’s even worse.
It is because of this that the UK has become a popular location for scammers who want to set up and run fraudulent businesses. For MLM due-diligence purposes, incorporation in the United Kingdom or FCA registration is of no significance.
Wombia also provides Wombia Integrated Resources LTD with a certificate of incorporation in Nigeria. Basic incorporation anywhere is meaningless for the purpose of due diligence. Wombia uses a robo-voice in its marketing videos. Non-native English speakers tend to run schemes like this. Don’t join or hand over any money to an MLM company unless they are completely transparent about who owns and runs it.
Wombia’s goods: Wombia doesn’t have anything to sell. Only Wombia’s affiliate membership can be promoted by affiliates. Plan of Compensation for Wombia Affiliates of Wombia make cryptocurrency investments in exchange for the promise of the returns advertised:
Beginner’s investment ranges from $25 to $9,999, with a 1.5 percent return over 150 days (a 225% return on investment). An investor can expect a 130-day return of 2 percent (260 percent ROI) if they invest between $10,000 and $24,999; however, they must reinvest half of their original investment. If you have $25,000 to $49,999 and are willing to wait 120 days to see a return of 300%, this option is for you. If you have $50,000 or more to invest, you’ll get 3% a day for the next 100 days (300 percent ROI) A ten percent fee is applied to all withdrawals at Wombia. In the MLM side of Wombia, affiliate investors are paid commissions for recruiting new members.
Commissions for Referrals Wombia pays a commission of between 2% and 10% on cryptocurrency invested by affiliates who have been personally recruited. earn a 2% commission rate by bringing in fifty affiliates To earn a 5% referral bonus, you need to sign up 100 affiliates. to earn a ten percent referral fee, you must recruit 200 affiliates.
Recurring Payments Using a binary compensation model, Wombia pays out residual commissions. There are two sides (the left and right) to every binary team, and each side has its own compensation structure. There are two positions on the binary team’s first level.
These first two positions are divided into another two positions each to produce the binary team’s second level (4 positions). Each new level of the binary team has twice as many positions as the previous level, so that the team can grow at a steady pace. Members of the binary team are recruited through both direct and indirect methods.
Observe that there is no limit to the depth of a binary team. Wombia keeps track of the new investment volume on both sides of the binary team at the end of each day. 10% of the funds generated on their weaker binary team side, capped by the amount of money they’ve put in: Affiliates in the start-up tier are limited to $2500 per day in residual commissions.
The daily residual commission cap for affiliates in the Trader tier is $5000. Residual commissions for professional affiliates are limited to $7500 per day. The daily residual commissions for Evolution tier affiliates are limited to a maximum of $10,000. Rank Accomplishment Rewards Affiliates of Wombia are rewarded with the following one-time bonuses: In order to be eligible for the $1,000 bonus, agents must generate $30,000 in investment volume on both sides of their binary teams.
To earn a $2000 bonus and a Rolex watch, you must generate $60,000 in investment volume on both sides of the binary team. In order to receive the $3000 bonus and “franchise benefits,” you must generate $90,000 in investment volume on both sides of your binary team. To earn a $4500 bonus and an Apple Watch and laptop, you must generate $125,000 in investment volume on both sides of your binary team.
In order to earn a $6000 bonus and a “7-day 8-night European vacation,” you must generate $175,000 in investment volume on both sides of your binary team. A $10,000 bonus, a “sports car,” and a $2500 monthly “fixed salary” are all part of the deal when you reach rank six. Wombia Wombia affiliate membership is completely free. A minimum investment of $25 is required to participate in the attached income opportunity.
Wombia is a cryptocurrency investment platform that accepts a wide range of cryptocurrencies as payment. Wombia’s Verdict A typical MLM crypto Ponzi marketing ruse is offered up by Wombia: When it comes to investing, Wombia’s team takes advantage of cryptocurrency’s high volatility to generate high yields for our customers’ accounts.
There is no evidence that the company generates revenue outside of the company. The Ponzi logic test also shows that Wombia does not pass. The question is, why does Wombia need your money if they already have a successful team? For the time being, new investment is the only known revenue stream entering Wombia.
Wombia is a Ponzi scheme because it uses new investments to pay affiliate withdrawals. The recruitment of new investors will dry up, as it does in all Ponzi schemes. Wombia will be deprived of ROI revenue as a result, and the company will eventually come to an end.
Ponzi schemes are mathematically guaranteed to cause the majority of investors to lose money in the event of a collapse.