What Is Autoxify? It’s a Cryptocurrency Smart Contracts Scam!

Autoxify is a relatively new MLM or multi-level marketing company that deals with smart contract cryptocurrency.

There’s not much explanation on how their program works other than explaining their compensation plan.

We don’t have any information on who the founder is. They don’t disclose this information on their website, nor can we find any third-party information about it.

All we know is that the domain name was registered sometime in July 2020 and was privately registered.

Simply put, they’re hiding the people running this program because it’s nothing more than a scam.

Autoxify Product Line

Because it’s a MLM company, we expect it to have retail products or services for their members to make money out of.

However, there’s none of that here. Sorry!

You’re not selling anything other than the opportunity to make money from the program.

And that is another red flag.

Does The Product Work?

Going through their marketing material found on their website, we came across the phrase “It’s not rocket science. It’s Pure Math”.

This was used multiple times on numerous photos.

If you’re wondering why I pointed this out, this was the same tagline used by another Ponzi scheme called OpenAlexa. This was an Ethereum smart-contract Ponzi scheme, as seen from their old marketing material here:

Autoxify looks to be a TRON-based clone of OpenAlexa run by the same people.

OpenAlexa’s traffic continues to dwindle, so it’s more likely to be on the verge of collapse. Autoxify is now activated to salvage the income opportunity, and to continue the scam.

Autoxify doesn’t appear to do anything legitimate. There’s no investments being done or trading here because they operate on the Blockchain. This is quite out of reach from the SEC’s jurisdiction.

But sadly, this isn’t how Blockchains work. People behind Autoxify just want to take advantage of people’s lack of knowledge about cryptocurrency and Blockchains.

Long story short, we don’t think there’s anything legal going on here as far as we can tell.

Autoxify is a recruitment-based program, so the only way to make money from the program is to bring people into it.

You earn based on their investments, and as you build a team.

How To Get Started with Autoxify?

The membership is free, but full participation of the program requires a minimum investment of 400 TRX (TRON).

This puts it at about $10.57 as of this writing (September 30 2020).

Autoxify Compensation Plan

There are two matrices followed by the Autoxify compensation plan: a 3x1 matrix and 2x2 matrix.

A 3x1 matrix just requires you to fill in 3 positions to fill in a cycle.

A 2x2 matrix requires you to fill up two positions underneath you and two more underneath per position. A total of 6 positions filled is needed to generate a cycle.

New recruits can just purchase 400 TRX worth of investment to get into a position.

This 400 TRX investment is split into six 80 TRX matrix cycler positions.

 Commissions are paid out based on the following matrices:

3×1 Matrix

The payout is equal to 160 TRX and 80 TRX paid to upline for the first two positions, and third position is used to generate a new 3x1 matrix.

There’s supposed to be twenty cycler tiers, but until then, there’s no payout to happen.

If that’s the case, there’s nothing to be made here until the 20 million TRX payout happens.

2×2 Matrix

This pays out on the first 3 positions on the level two of the matrix.

The first two positions are paid upline and the last sixth position is used to generate the same-tier cycler position.

This equates to 240 TRX for Tier 1 and a new Tier 1 Matrix Position.

#1 100% Pyramid Scheme!

There’s just no way that this company is 100% legitimate. Their compensation plan reeks of it being a pyramid scheme, even if they are running on Blockchain.

The fact that the only incentives you ever get are from recruitment means that if you don’t recruit, you don’t make any money back.

And sure, $10 might look like a minimum investment, but what’s actually stopping people from investing in thousands of dollars?

#2 No Owner Information!

Another red flag is that there’s no owner information. If the company was legitimate, they’d give us an idea on who runs the company.

Blockchain may run on anonymity, but if a company does market this opportunity on this network, transparency is still very crucial to building trust.

#3 This Is Not How Smart Contracts Work!

The way that Autoxify works is not how smart contracts operate. This is an image of how they work in a nutshell.

Let’s say that I want to buy a house from someone. This agreement is formed on the TRX blockchain using the smart contract. This allows me to have an agreement with and the seller.

The smart contract will then look like this: WHEN SAS pays the seller 300 TRX, THEN SAS receives ownership of the house.

Once this agreement is placed, it cannot be changed. This means that I cannot renege on my side of the deal, nor can the seller renege his side as well.

Without the use of a smart contract, Myself and the seller would have to work with third-party people like banks and lawyers. Smart contracts allow transactions to be executed automatically once conditions are met.

That means that if Autoxify really did run on a Smart Contract, it would be required to pay out once conditions are met. However, there’s no proof here that people are getting paid.

Autoxify is not a legitimate company and it would be unfair to say anything positive about it to make people think otherwise.

I'm not a fan of MLM, not because it's illegal or not profitable, but because of all the restrictions and the expensive costs involved.

Instead, Affiliate Marketing is my top recommended business model for anyone to make money online.

The reason is simple...

• You don't have to recruit anyone to make money
• You have the freedom to promote any products you want and not being restricted to only promote the products from one MLM company
• It's Free to get started

In fact, with affiliate marketing...