Eteric Power fails to provide ownership or executive information on its website.
Eteric Power’s website domain (“eteric-power.com”), was privately registered on April 14th, 2023.
I noticed in Eteric Power’s source-code a reference to “Prudential Investments Pty Ltd”. A link to an ASIC search is provided.
There are a few matches so nothing definitive. The reference is commented out on the source-code though, suggesting Eteric Power is built on a template.
I ran a search for a text snippet on Eteric Power’s website and it returned 1230 results.
It appears we have some very busy serial scammers on our hands.
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.
Eteric Power’s Products
Eteric Power has no retailable products or services.
Affiliates are only able to market Eteric Power affiliate membership itself.
Eteric Power’s Compensation Plan
Eteric Power affiliates invest USD equivalents in cryptocurrency.
This is done on the promise of advertised returns:
- Level 1 – invest $100 or more and receive 1.8% a day for 7 days
- Level 2 – invest $10,000 to $30,000 or more and receive 2.5% a day for 14 days
- Level 3 – invest $30,000 or more and receive 3% a day for 30 days
- Level 4 – invest $20,000 and receive 4% a day for 60 days
- Level 5 – invest $20,000 (not a typo) or more and receive 10% a day for 60 days
Eteric Power pays referral commissions on invested funds down two levels of recruitment (unilevel):
- 10% on level 1 (personally recruited affiliates)
- 5% on level 2
Joining Eteric Power
Eteric Power affiliate membership is free.
Full participation in the attached income opportunity requires a minimum $100 investment.
Eteric Power solicits investment in bitcoin, ethereum and tether.
Eteric Power Conclusion
Eteric Power is a templated low-effort Ponzi scheme. You can pick anything from their website but the specific phrase I searched was:
Our project is based on online investments, we work in the stock market, cryptocurrency trading
Copy that into Google and every single website result that pops up is an identical template Ponzi scheme run by the same scammers.
As to why Eteric Power is a Ponzi scheme, the above quote reveals company represents it generates external revenue via “the stock market” and “cryptocurrency trading”.
No evidence of external revenue generation via these activities is provided. Furthermore, Eteric Power’s business model fails the Ponzi logic test.
If the anonymous admin(s) behind Eteric Power were capabale of legitimately generating up to 10% a day, what do they need your money for?
As it stands the only verifiable source of revenue entering Eteric Power is new investment.
Using new investment to pay affiliates a daily return makes Eteric Power a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve Eteric Power of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.