It’s likely that you have come across AlysDax through an email list, on social media or got it recommended by a friend or family member.
Is AlysDax a scam? The reasons why you’re here is because you have want answers right so, that’s what I’m going to provide for you within this AlysDax review.
First and foremost I must commend you for actually doing a bit of extra research before committing to joining AlysDax. For all you could have known, the product could be a major scam so the fact you’re here right now, researching whether or not that’s the case is a pretty smart move on your part.
To be fully transparent with you, I am personally not a member of AlysDax so I can assure you that I will not attempt to sell you it unless of course it’s worth investing in.
What I will aim to do is provide you with an unbiased 3rd party look at AlysDax that will hopefully help you to make the best decision you can in the end.
PRODUCT NAME: Alysdax
OWNER/S: not disclosed
TYPE OF PRODUCT: investment MLM
PRICE: $25 – $100k
SUMMARY: As far as I can tell, Alysdax is highly likely to be a pyramid scheme and a scam as it showcases a bunch of damning characteristics that directly resemble other ponzi scheme I’ve exposed in the past
The fact that recruitment is literally the only way to make any kind of money with Alysdax, the lack of any authorisation regarding the companies handling of your securities and even the lack of an owner showing up are the main reasons why I would not recommend anyone invest their money in this investment based MLM.
FINAL RATING: 0/5
RECOMMENDED: NO!!
Table of Contents
WHAT IS ALYSDAX?
My first impressions of Alysdax’s website definitely did not come across as great due it, for some reason, not being mobile friendly. Beyond this although it seems to have a lot of information about webinars and what not, there still seems to be no information about who runs the company.
Then again this is actually quite a common thing among these new crypto bases MLM’s.
After doing a bit more research I discovered that Alysdax is tied to an already exposed ponzi scheme called Weenzee which was shut down in mid 2019 so that’s another concern worth taking into account.
Weenzee, from what I could find targeted individuals from Brazil and according to Alysdax’s traffic numbers from Alexa, Brazil seems to be its main target too with a 25% traffic share. The other 2 major targets are also Vietnam (23%) and Japan (10%).
What’s funny about this is the fact that the domain is registered to a UK address making everything a little confusing especially when you consider they’re targeting multiple European counties like Portugal, Spain along with China and South Korea yet not the UK.
In turn what this implies to me is that Alysdax’s origins is highly likely not to be located in the UK.
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ALYSDAX PRODUCTS
Alysdax does not seem to offer any retailable products to non affiliate based customers. This means that in order to use any of their products you will need to become an affiliate, which is actually one of the most common characteristics (that I’ve found at least) among pyramid schemes.
It’s actually a factor that the FTC themselves label as a pyramid scheme like characteristic so definitely take this is into account before even testing out this crypto business.
HOW DO YOU MAKE MONEY WITH ALYSDAX?
As is the case with pretty much all MLM businesses there are 2 ways to make money with them, AlysDax being no exception.
1. The first method is earning returns on your investments.
2. The second method is to earn money residually by recruiting.
HOW TO GET STARTED
In order to join Alysdax you’ll need to invest between $25 – $100k.
The amount you invest will determine what rank you’ll start of at but, personally I would never advise you to make such a risky investment from as shady a corporation as Alysdax.
Also the investment structure makes Alysdax’s opportunity a pay to play system so that’s another major problem to consider especially when you take into account major pyramid schemes like MOBE employed these exact tactics.
COMPENSATION STRUCTURE
There are a few different ways that Alysdax can “pay” you which is all laid out within their compensation plan. Therefore in this section of the review I’ll cover the main elements of it so that you have a rough idea as to how Alysdax will pay you.
First of all I’ll cover the different ranks and the investment criteria necessary to achieve them :
- SP1 – sign up as an AlysDax affiliate and invest at least $25.
- NP2 – invest at least $300, personally recruit ten affiliates and generate $1000 in total downline investment volume
- MP3 – invest at least $1000, personally recruit fifty affiliates and generate $10,000 in total downline investment volume
- BP4 – invest at least $5000, personally recruit one hundred affiliates and generate $30,000 in total downline investment volume
- LP5 – invest at least $10,000, personally recruit one thousand affiliates and generate $100,000 in total downline investment volume
- GP6 – invest at least $50,000, personally recruit three thousand affiliates and generate $1,000,000 in downline investment volume
- XP7 – invest at least $100,000, personally recruit ten thousand affiliates and generate $10,000,000 in downline investment volume
Referral Commissions
This can also be referred to as the residual commissions you’ll be paid out as an affiliate. Alysdax pays its affiliates referral commission based on the unilevel structure.
This means that an affiliate will theoretically be able to recruit and earn infinitely horizontally but vertically the earnings will be capped. In this case the earnings are capped at the 7th level.
As for how you’re paid, it’ll be as a percentage of the funds invested across all of the 7 levels :
- SP1 ranked affiliates earn 3% on level 1 (personally recruited affiliates) and 1% on levels 2 and 3
- NP2 ranked affiliates earn 3% on level 1, 2% on level 2, 1% on level 3 and 0.5% on level 4
- MP3 ranked affiliates earn 4% on level 1, 2% on level 2, 1% on levels 3 and 4 and 0.5% on level 5
- BP4 ranked affiliates earn 4% on level 1, 3% on level 2, 2% on level 3, 1% on level 4 and 0.5% on levels 5 and 6
- LP5 ranked affiliates earn 5% on level 1, 3% on level 2, 2% on level 3, 1% on levels 4 and 5 and 0.5% on levels 6 and 7
- GP6 ranked affiliates earn 5% on level 1, 4% on level 2, 3% on level 3, 1% on levels 4 and 5 and 0.5% on levels 6 and 7
- XP7 ranked affiliates earn 7% on level 1, 5% on level 2, 3% on level 3, 1% on levels 4 to 6 and 0.5% on level 7
Bonus Daily Returns
From the NP2 rank and above, Alysdax pays its affiliates a bonus on the returns invested :
- 30 day investment period – NP2 and MP3 ranked affiliates receive 1 bonus day, BP4 and LP5 affiliates receive 2 bonus days and GP6 and XP7 affiliates receive 3 bonus days
- 60 day investment period – NP2 and MP3 ranked affiliates receive 2 bonus days, BP4 and LP5 affiliates receive 4 bonus days and GP6 and XP7 affiliates receive 6 bonus days
- 90 day investment period – NP2 and MP3 ranked affiliates receive 3 bonus days, BP4 and LP5 affiliates receive 6 bonus days and GP6 and XP7 affiliates receive 9 bonus days
- 120 day investment period – NP2 and MP3 ranked affiliates receive 4 bonus days, BP4 and LP5 affiliates receive 8 bonus days and GP6 and XP7 affiliates receive 12 bonus days
- 150 day investment period – NP2 and MP3 ranked affiliates receive 5 bonus days, BP4 and LP5 affiliates receive 10 bonus days and GP6 and XP7 affiliates receive 15 bonus days
- 180 day investment period – NP2 and MP3 ranked affiliates receive 6 bonus days, BP4 and LP5 affiliates receive 12 bonus days and GP6 and XP7 affiliates receive 18 bonus days
THE NOT SO GOOD THINGS
The Whole Business Model Is Reliant On Recruitment
In order to make good money with AlysDax you’d need to be able to recruit a ton of people as they don’t offer any kind of retail commissions and the return on nvestments are far from guaranteed too.
This is actually a pretty big red flag because the FTC and other bodies that govern this sector of the market tend to lable MLM’s that only make its affiliates money through recruitment as pyramid schemes.
Furthermore, it’s through the continuous recruitment that AlysDax are able to keep on generating money that they then can eventually pay to the top dogs within the scheme.
It’s only once the recruitment side of things collapses when AlysDax will also collapse resulting in the hidden owner/s running away with your money.
This formula is one that’s very common among ponzi schemes and is also the reason why the whole business is reliant on recruitment.
It’s Committing Securities Fraud
As AlysDax is dealing with your money in the form of a monetary investment, legally they’re required to be registered to the securities governing body they’re operating within however, as far as I could find they aren’t.
Therefore, as AlysDax is mostly operating in Brazil, Vietnam and Japan yet aren’t registered with the securities body within each region, it does mean that AlysDax is technically an illegal business.
The Owner Doesn’t Show Up
The lack of an owner showing up is something I’ve found to be very common among scam services or products so, the owners reluctance in showing themselves within AlysDax is a big red flag in my books.
It Doesn’t Offer Any Retail Products
As I mentioned earlier AlysDax only offers individuals the ability to buy in as an affiliate and not as a non affiliate consumer. The lack of retail products is something that the FTC themselves deem as a pyramid scheme like characteristic which is obviously a pretty big red flag here too.
THE GOOD THINGS
I honestly couldn’t find a single good thing about Alysdax, which kinda shows how it’s just not a very good opportunity to pursue.
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IS ALYSDAX A PYRAMID SCHEME/SCAM?
As far as I can tell, Alysdax is highly likely to be a pyramid scheme and a scam as it showcases a bunch of damning characteristics that directly resemble other ponzi scheme I’ve exposed in the past
The fact that recruitment is literally the only way to make any kind of money with Alysdax, the lack of any authorisation regarding the companies handling of your securities and even the lack of an owner showing up are the main reasons why I would not recommend anyone invest their money in this investment based MLM.
MY PERSONAL RECOMMENDATION
I personally will always recommend against using a MLM business model to make money, not because you can’t make money through it (you totally can) but, the system has always seemed shady to myself and is kinda synonymous with the likes of a pyramid scheme or scams (MOBE and Digital altitude).
Instead I prefer working with something created through ones own means and is ultimately dependent on yourself and your work ethic alone.
This method I’m talking about is affiliate marketing.
The reasons as to why I recommend it over MLM based structures are because
– there is no need to recruit constantly
– it is a legitimate method that has been working consistently and continues to grow as more businesses want individuals to promote products
– and because it is free to start up, no unnecessarily large start up funds needed.
The service I recommend is Wealthy Affiliate. It’s free to sign up to and will get you set up and ready to start your affiliate marketing journey within minutes, as it did for me when I begun my journey.
If you have any questions that you would like to ask me regarding AlysDax, feel free to do so in the comments section below and I will get back to you as soon as I can. If you have your own thoughts about AlysDax and would like to talk about it, again feel free to do so in the comments below!
Thanks
Amhil