StakeXChain Review – Terrible Pyramid Scheme / E-commerce Platform!

StakeXChain markets itself as an e-commerce platform that allows customers like you to purchase different products and make money by referring people into the program. We’ll get more into that later on. 

Their website states that they are an “innovative business concept”, which is just a way of telling us that they’re using some slick MLM tactic to get people hyped up about earning from the website. 

Their e-commerce platform has you signing up as a member before you can purchase products from them. In order to make money from their program, you have to refer three people into their membership program. 

You also can’t sign up for an account without a membership referral, so there’s that as well. 

The company claims that they’ve been around since 2017, but a quick WhoIs search reveals that the website was registered in July 2020. 

I don’t know what platform or domain they used prior to that, but we assume they just lied about when they first started. 

Their address has them operating out of Lasip Grande, Dagupan City in the Philippines. Their listed building, Victoria Marinas, does not exist anywhere in this city. 

This is where things start to become more suspicious.

Who Runs StakeXChain?

StakeXChain is run by someone named Florence Rosales. But as expected, we don’t have any information about who this person is, outside of his connection to StakeXChain. 

It’s like he just came out of nowhere. 

The social media presence for both Rosales and StakeXChain are non-existent, given that the website’s buttons don’t actually work. 

Rosales doesn’t have any social media profiles anywhere. The only thing they have is the StakeXChain Facebook account, but it’s not active. It only has about 290 followers or so.

StakeXChain requires your Sponsor’s ID before you can sign up for a membership. This shows that they’re operating within a MLM business model, but they’re not actually one. 

You’ll then be required to fill in your other information such as telephone number, address, BTC address, and bank details. 

Why would they need your financial information for the initial signup? It doesn’t make sense!

This kind of registration is a red flag because it asks outright for your bank information. 

Their two payment options are E-Wallet and Online, but the online option does not work. There’s no explanation on how the E-wallet works, but we assume it holds your earnings within StakeXChain and you just cash out through whatever linked bank account. 

How To Get Started with StakeXChain?

You have to choose which package you need to purchase to take part in their income opportunity.

The cheapest one is $45 and the most expensive one is $23,040. 

Here’s what you get for $45: 

1. Registration
2. Stake voucher
3. Shopping voucher worth $27.60 and $6.90 share commission every 30 days

Here’s what you get for $23,040

1. Registration
2. Stake Voucher
3. And you can earn $17,694.72 worth of vouchers and a $4,423.68 share commission every 30 days. 

Note that the Buy Now button does not work on their website. 

Compensation Plan

StakeXChain’s compensation plan is that of a typical MLM company’s comp plan. 

You need to recruit three people into the program before you can start earning. 

Let’s say you recruited 3 people. They purchased the $100 membership, so you get $30 from them at 10% commission per. 

The second level has you earning 15% more. This level opens up when the first level (a.k.a. The first three people) is complete. And this goes on and on. 

Basically, you just have to recruit people and build your levels downwards to make more money. The lower the levels,the higher the commission percentages. 

Now what does that remind you of?

StakeXChain is not meant for anyone. There’s nothing of value here.

#1 No Refund

StakeXChain does not offer any refund, assuming you can even purchase something from their broken website. 

Why would they even try to give you your money back when that was their endgame? 

#2 No Owner Identity

Florence Rosales does not exist outside of StakeXChain. He or she does not have a digital footprint anywhere, nor can we find any professional background. 

This makes us believe that the company’s fraudulent and does absolutely nothing for you.

#3 Fake Address

The address is fake, and as expected from a potential pyramid scheme. The listed address provides a building that does not exist anywhere in that vicinity, or in that part of the country. 

In fact, the name of the building it claims it operates from can be found in a different country and no place else. 

#4 Website Does Not Work Properly

Let’s not forget the fact that the website is anything but professional. There are several issues with the site. The buttons don’t work as intended, so we’re surprised how they actually funnel people’s money out of their wallets. 

The website is so broken that it’d probably dissuade people from continuing to signing up, but who knows.

#5 Pyramid Scheme

Recruitment is the name of the game, so this makes it a pyramid scheme. You only make money when you recruit people into the program. You don’t earn commissions for selling products or anything outside of recruitment.

There’s nothing to like about StakeXChain.

StakeXChain is without a doubt one of the worst made programs out there. It doesn’t hide the fact that the website is subpar and has no working buttons anywhere. 

The owner information is non-existent and hides behind a fake address, so those are two huge red flags. 

The compensation plan revolves around recruitment. You’re not making any money if you don’t recruit people. 

It’s also worth mentioning that they don’t even tell you what products are being sold on this platform, and we believe that those products are either non-existent or of terrible quality. 

Stay away from this program.