StaxCash, lists on its website that it is an innovative option for wealth creation. It claims that it can help gain maximum profit in very less time and flaunts about a minimum of 20% profit yearly on their lending programs. With such high promises, it forgot to establish the transparency among its partners.
The website does not provide any information about the founders of the company. I checked the whois information of the domain (stax.cash), however, that is also privately registered and the registration date is 18th December 2017.
StaxCash is not open about the background of the owners and the physical address of the company which raises a lot of questions. A company, especially a MLM firm, if it is not true about the company’s owners, it is not advisable to invest in that company.
I also tried to find the verified source of income apart from the affiliate program that the company offers, but could not succeed. This leaved us with only affiliate program if you wish to become a part of the company.
If you want to join this affiliate program, you can do it for free. But, to enjoy the full participation, you need to invest a minimum of $100.
StaxCash – Working Strategy
StaxCash has mentioned about a software bot on its website, which they use to compare and monitor over 10 exchanges at a time. It also lists its moon strategy where the company will but its own coins to raise the value of the StaxCash coins. For this, they would be using a holding account to freeze the 20% of the proceeds every day from the StaxCash bots for 6 days and will purchase the coins from the same holding.
However, there is no proof provided for the software bot, they have explained above. Even if it holds true, the staking and internal trading can affect the number of available coins for the affiliates. This would, in turn will only profit the anonymous owners of StaxCash.
StaxCash – Compensation Plan
The affiliates invest back the STAX points back to the company on the promise of daily ROI which can go upto 2.5%. The STAX points are available between 0.50 dollars to 0.95 dollars each.
- Plan 1: You need to invest $100 – $1000 for receiving ROI daily for 299 days
- Plan 2: You need to invest $1001 – $5000 for receiving ROI as well as 0.1% bonus daily for 239 days
- Plan 3: You need to invest $5001 – 10,000 for receiving ROI as well as 0.2% bonus daily for 179 days
- Plan 4: You need to invest $10,001 – $25,000 for receiving ROI as well as 0.25% bonus daily for 119 days
- Plan 5: You need to invest $25,001 or more for receiving ROI as well as 0.35% bonus daily for 89 days
StaxCash – Referral Program
The referral commission is paid out according to the funds invested in the StaxScah. Referral commission is paid via a unilevel structure.
In an unilevel structure, one affiliate is placed on the top of the order and the affiliates recruited directly by any affiliate are placed directly under that affiliate.
For example, if the top affiliate recruits new affiliates, they would be placed on level 1. The affiliates recruited by level 1 affiliates are placed on level 2, directly under the one who recruited those affiliates and it continues to infinite levels.
The cap is put on the 5th level.
- Level 1: 8%
- Level 2: 4%
- Level 3: 2%
- Levels 4 and 5: 1%
Christian: First ever review on stax cash! boom lending program of 2018! @staxdotcash
Conclusion from the above Reviews
This was a tweet made by user. He must be an affiliate, as the reply on the tweet by StaxCash admin leads us that way. However, this tweet is too generic and cannot be trusted for making big decisions.
The first question that comes to mind, while scrolling through the website of StaxCash, why they would share the profit when they have a software bot to do all the tasks and earn profit. They could have taken the entire profit by using the software bots for themselves.
So, we can easily conclude that they do not have any other source of income other than the affiliate recruitment program. This makes the offering of StaxCash, a ponzi scheme.
The company wants affiliates to keep as much STAX points in the system as possible by paying them the ROI in terms of STAX points. This will make it easy for them to run away with the maximum invested funds after the minimum threshold is reached.
Once the recruitment will freeze, the ROI will stop, and the anonymous owners will run away with the funds left in the system, leaving majority of the affiliates under loss.
Hence, it would be safe to keep a distance from the StaxCash. Or else, you can spend a limited amount that would not make much difference even if its lost. And, if you would be among few early birds, you would be able to get back your invested funds. So, take decision after considering all the possibilities.