Axneb fails to provide ownership or executive information on its website.
Axneb’s website domain (“axneb.com”), was privately registered on February 10th, 2023.
In an attempt to appear legitimate Axneb provides a corporate address in London, UK on its website.
This address corresponds to a random shopfront that doesn’t appear to have anything to do with Axneb. It is unlikely Axneb has any actual ties to the UK.
SimilarWeb currently tracks top sources of traffic to Axneb’s website as Russia (22%), Brazil (9%), the US (9%) and Italy (5%).
On April 3rd, the Central Bank of Russia issued an Axneb pyramid fraud warning.
Although not definitive, this is a decent indication that Axneb has ties to Russia.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
Axneb has no retailable products or services.
Affiliates are only able to market Axneb affiliate membership itself.
Axneb’s Compensation Plan
Axneb affiliates invest USD equivalents in cryptocurrency. This is done on the promise of advertised returns:
- Capital Boost – invest $25 to $250,000 and receive 1% a day for 7 days
- Grown Gain – invest $25 to $250,000 and receive 1.5% a day for 14 days
- Smart Invest – invest $25 to $250,000 and receive 2% a day for 21 days
Axneb pays referral commissions on invested cryptocurrency down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 5%
- level 2 – 2%
- level 3 – 1%
Axneb affiliate membership is free.
Full participation in the attached income opportunity requires a minimum $25 investment.
Axneb solicits investment in various cryptocurrencies.
Axneb is a simple low-effort Ponzi scheme.
Affiliates invest cryptocurrency and that cryptocurrency is used to pay off earlier investors.
Axneb’s Ponzi ruse is trading;
Our team of experts uses their knowledge and experience to invest in a range of financial products, including short-term trading, swaps, arbitrage, forex, currency options, and more.
Our expert team of traders will handle the work, while you enjoy the profits.
No verifiable evidence of Axneb generating external revenue via trading of any kind is provided.
Axneb’s business model also fails the Ponzi logic test.
If Axneb was able to consistently generate 2% a day, what do they need your money for?
On the regulatory front Axneb also fails to provide evidence it has registered with financial regulators. This means that, at a minimum, Axneb is committing securities fraud.
MLM and securities fraud go hand in hand with operation of a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve Axneb of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.