What Is Twindax? It’s a Lousy Cookie-Cutter Ponzi Scheme!

Twindax is a cryptocurrency investment MLM company that doesn’t provide us any information about its background. 

On their website, they have photos of these individuals: Chris Walker and Ashton Taylor. But outside of Twindax, these two don’t exist at all. There’s no info about Walker or Taylor (at least not real persons) that tie them to any MLM or investing activity. 

Their website was registered on March 2021 and their company landing page also has an ASIC certificate posted to appear legitimate. But ASIC is known for non-regulation of MLM fraud and besides, anyone can register a company with ASIC so there’s no stopping scammers from using them.

Their website also provides a corporate address in Australia but it belongs to Regus, a company that provides virtual office addresses. 

Twindax Product Line

There are no retail products or services offered within Twindax. Members only take part in the income opportunity via the investments they make. 

Does The Product Work?

Twindax is nothing more than a cookie-cutter Ponzi scheme. They claim they generate income via proprietary trading algorithms, but there’s no evidence that said algorithms work or even exist. 

There are no financial reports submitted to ASIC by Twindax or to any financial regulator, so they’re committing securities fraud as well. 

Any company that claims to generate ROI over a set period of time will not be accepting outside investments for $20. It just doesn’t make sense for them to get people some quick cash. 

Besides, with ROI like that, they don’t even need external investments. This is why their business model doesn’t make sense. 

They failed the Ponzi logic test and the only proof of income is through new member investments, which is done through recruitment. 

As long as you are the bottom of the tier, you will not be making any money.

Twindax offers one way to make money from their program and that’s through recruitment. 

How To Get Started with Twindax?

Twindax membership is free but if you want to take part in their income opportunity, you need to invest a minimum of $20, 0.001 BTC, or 0.1 ETH. 

There’s no mention of maximum investment for these currencies. \

Twindax Compensation Plan

Twindax members invest on the promise of advertised ROI:

USD

• Classic USD1 – invest $20 to $500 and earn 130% over 15 days
• Classic USD2 – invest $500 to $1000 and earn 144% over 20 days
• Classic USD3 – invest $1000 to $2500 and earn 160% over 25 days
• Classic USD4 – invest $2500 to $5000 and earn 181% over 30 days
• Classic USD5 – invest $5000 to $10,000 and earn 205% over 35 days
• Advanced USD1 – invest $2000 to $15,000 and earn 400% over 100 days
• Advanced USD2 – invest $15,000 to $50,000 and earn 450% over 100 days
• Advanced USD3 – invest $50,000 to $100,000 and earn 500% over 100 days
• Advanced USD4 – invest $100,000 to $250,000 and earn 550% over 100 days
• Advanced USD5 – invest $250,000 to $1,000,000 and earn 600% over 200 days
• Advanced USD6 – invest $1,000,000 to $100,000,000 and earn 700% over 100 days
• Mega USD – invest $20 to 1,000,000 and earn 800% over 100 days

BTC

• Classic BTC1 – invest 0.001 to 0.5 BTC and earn 140% over 20 days
• Classic BTC2 – invest 0.5 to 2 BTC and earn 172% over 30 days
• Classic BTC3 – invest 2 to 10 BTC and earn 235% over 45 days
• Advanced BTC1 – invest 0.1 to 1 BTC and earn 400% over 100 days
• Advanced BTC2 – invest 1 to 3 BTC and earn 500% over 100 days
• Advanced BTC3 – invest 3 to 10 BTC and earn 600% over 100 days
• Mega BTC – invest $0.001 to 100 BTC and earn 800% over 100 days

ETH

• Classic ETH1 – invest 0.1 to 5 ETH and earn 140% over 20 days
• Classic ETH2 – invest 5 to 20 ETH and earn 172% over 30 days
• Classic ETH3 – invest 20 to 50 ETH and earn 235% over 45 days
• Classic ETH1 – invest 5 to 50 ETH and earn 400% over 100 days
• Classic ETH2 – invest 50 to 100 ETH and earn 500% over 100 days
• Classic ETH3 – invest 100 to 1000 ETH and earn 600% over 100 days
• Mega ETH – invest 0.05 to 3000 ETH and earn 2500% over 200 days

Twindax Affiliate Ranks

There are nine affiliate ranks within Twindax’s compensation plan.

Along with their respective qualification criteria, they are as follows:

• Beginner – sign up as a Twindax affiliate
• Beginner+ – generate $10,000 in downline investment volume
• Manager – generate $25,000 in downline investment volume
• Partner – generate $50,000 in downline investment volume
• Gold Partner – generate $100,000 in downline investment volume
• Shareholder – generate $500,000 in downline investment volume
• Silver Director – generate $1,000,000 in downline investment volume
• Gold Director – generate $3,000,000 in downline investment volume
• Diamond Director – generate $5,000,000 in downline investment volume

Referral Commissions

Twindax pays out referral commissions via unilevel compensation structure and caps out at ten unilevel teams. 

Referral commissions are paid out as percentage of funds invested across these levels and based on rank:

• Beginners earn 8% on level 1 (personally recruited affiliates), 5% on level 2 and 1% on levels 3 to 10
• Beginner+s earn 8% on level 1, 6% on level 2 and 1% on levels 3 to 10
• Managers earn 9% on level 1, 6% on level 2, 2% on level 3 and 1% on levels 4 to 10
• Partners earn 11% on level 1, 7% on level 2, 2% on level 3 and 1% on levels 4 to 10
• Gold Partners earn 12% on level 1, 7% on level 2, 3% on level 3 and 1% on levels 4 to 10
• Shareholders earn 14% on level 1, 9% on level 2, 3% on level 3 and 1% on levels 4 to 10
• Silver Directors earn 15% on level 1, 10% on level 2, 3% on level 3, 2% on level 4 and 1% on levels 5 to 10
• Gold Directors earn 17% on level 1, 12% on level 2, 3% on level 3, 2% on level 4 and 1% on levels 5 to 10
• Diamond Directors earn 20% on level 1, 12% on level 2, 3% on level 3, 2% on level 4 and 1% on levels 5 to 10

Rank Achievement Bonus

Twindax also rewards members for qualifying at higher ranks:

• qualify at Manager and receive $500
• qualify at Partner and receive $1000
• qualify at Gold Partner and receive $2000
• qualify at Shareholder and receive $3000
• qualify at Silver Director and receive $15,000
• qualify at Gold Director and receive $40,000
• qualify at Diamond Director and receive $300,000

#1 Ponzi Scheme!

Twindax is nothing more than a Ponzi scheme, and doesn’t even try hard to hide its tracks. The only source of income is through recruitment.

There’s no proof that they’re generating profits through their algorithm, but there’s no proof that it also exists. 

#2 Collapsed and May Reboot!

The company collapsed sometime in May 2021, just a couple of months after they opened. We believe that they may not have been successful at scamming people or they got what they need. 

Either way, it doesn’t look like they’re going to stop. There might be a possible rebrand of Twindax in the coming months.

There’s nothing to like about Twindax. It’s just one big Ponzi scheme.

Twindax is a Ponzi scheme that collapsed just a couple of months after it opened. And for good reason. We don’t believe there’s something good about the program or that they were even legitimate to begin with. 

They followed the typical cookie-cutter BS ponzi scheme business model, and they failed the logic test. 

Either way, we’re glad they’re gone but we expect them to be back in a month or two.

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...