As always, while researching about the company, I tried to find out the names behind the operation of PagereX. However, the website wants to keep silent about it. There was no mention of any identity in such regard. I further tried the WHOIS for the domain (pagarex.com) which was registered on 6th December 2017. Unfortunately, the registration was made private and I was only able to get the registration date.
As far as the website concerns, there is no evidence for any retailable product or services that the company offers. The only way to find your place among the investors, is through their affiliate recruitment program.
You can join the affiliate program offered by PagareX for free. But, this would allow you to enjoy the referral bonus only. For full participation, you are required to invest at least $100 from your pocket.
Although, the opportunity seems mesmerizing, it would be wise to stay away from the companies that do not reveal their background information to its investors and choose to stay in dark.
PagareX – Compensation Plan
Here is the interesting fact. The company is selling its pre-generated PGX points at an expensive rate somewhere between $1 to $2.50 which is much higher than the rates of the companies that are started during the same time as PagareX. I believe, they have already made a point that they want to atleast look worthier.
These points are lent back to the platform for raising ROI promised by the company at a much higher rate which as usual seem too good to be true. PagareX offers 48% monthly ROI to its affiliates. Don’t you think they are being too generous to the partners?
Here are the investment options that you can opt to fit in their affiliate recruitment program:
- Plan 1: You need to invest $100 – $1000 for receiving ROI monthly for 250 days
- Plan 2: You need to invest $1010 – $5000 for receiving ROI monthly as well as 0.15% ROI daily for 200 days
- Plan 3: You need to invest $5010 – $10,000 for receiving ROI monthly as well as 0.25% ROI daily for 125 days
- Plan 4: You need to invest $10,010 – $100,000 for receiving ROI monthly as well as 0.3% ROI daily for 100 days
PagareX also provides PGX points for the coins parked at the PagareX platform:
- For the First six months = 10% PGX point per month
- For the months between 7 to 12: 8% PGX point per month
- For the months between 13 to 18: 7% PGX point per month
- For the months between 19 to 24: 5% PGX point per month
- For the months between 25 to 30: 3% PGX point per month
- For the months between 31 to 36: 10% PGX point per month
PagareX – Referral Commission
PagareX uses unilevel structure to pay referral commission to its affiliates. In unilevel structure, one affiliate is placed on the top of the order and the directly recruited affiliates are placed right under that affiliate.
The affiliates recruited by the top affiliate is placed on level 1, the affiliates that level 1 affiliate recruits, are placed on level 2 and so on to an infinite number of rows.
The cap for paying referral commission is put at level 10.
- Level 1: 10%
- Level: 5%
- Levels 3 & 4: 2.5%
- Levels 5 to 10: 1%
I could not find much people talking about this opportunity on social media websites. There are posts from the admin, but not much reaction. This signifies that the company is either deleting the ones that are bad and are left with nothing. Or, the second one is even worse, they have not diverted any crowd to their platform since inception and are just playing fake numbers to show the profits.
Their Facebook account is recently created and have not much followers. The admin has not disclosed his identity and the account is in the name of the company itself.
PagareX claims to generate the ROI revenue through bitcoin trading. This suggests that they are very much capable of earning a lot of profit. Why don’t they keep all of it for themselves? Again, the same question arises, are they looking for charity or a business model that works for profit generation and not profit sharing?
It has got nothing to flaunt as it is the same cryptocurrency opportunity wrapped in different paper seems to be the PGX points.
Affiliate recruitment being the only verifiable source of ROI generation, makes the company, a Ponzi Scheme. The funds invested by the new affiliates are used to pay the existing ones. Their lending ponzi scheme is a bait for the investors to park their coins for as long as possible with the platform. So, when the time comes and the platform collapses, the admins would be able to make most from the funds invested.
The ROI will only continue till the recruitments flourish. Once the new recruitment will freeze, the ROI will stop coming and the platform will collapse.
The anonymous admins will run away leaving majority of the affiliates out of money.