Website & Company Information
The web domain of the company was privately registered on the 22nd of April 2020 and was later updated on 2020–06–21. The company provides no information on its website about who owns or runs the company. Tibrix claims to be based out of British Virgin Islands, with registration number 1962110, since 2018.
Fact: The BVI is one of the most favourable jurisdictions for scammers, and most of the shady MLMs choose to get registration in B.V.I. Also, B.V.I incorporation is dirt cheap. The British Virgin Islands is a tax-haven that allows scammers to hide behind shell companies to evade law enforcement. Whoever is running Tibrix is based out of south-east Asia.
Tibrix didn’t exist until a few months ago but they claim to be operating since 2018, which is untrue.
According to the official marketing slides of the company, Tibrix was founded by Albert Tjon, Koen Chan and Francisco Tjon.
Outside the company’s marketing materials, these characters do not exist.
As always, if the company is not being transparent about its corporate structure, then you must think twice before handing over your hard-earned money to anonymous people on the internet.
The company has no retailable products or services, with affiliates only able to market the affiliate membership itself.
This is a matter of concern because if an MLM is operating with any retail option, then is business is deemed illegal in many jurisdictions such as the U.S and Canada.
Tibrix’s Compensation Plan
The affiliates of the company are required to invest funds in TBRX tokens, packages listed below:
- TBRX-50 — $50 for 250 TBRX tokens
- TBRX-100 — $100 for 500 TBRX tokens
- TBRX-200 — $200 for 1000 TBRX tokens
- TBRX-500 — $500 for 2500 TBRX tokens
All the MLM commissions are paid on the recruitment of new TBRX token investors.
The company pays residual commissions via a binary compensation structure
Daily caps and residual commission rates depend upon how much a Tibrix affiliate has invested:
- invest in TBRX-50 and get a 7% residual commission rine capped in $50 a day
- invest in TBRX-100 and get a 10% residual commission rine capped in $100 a day
- invest in TBRX-200 and get a 12% residual commission rine capped in $200 a day
- invest in TBRX-500 and get a 14% residual commission rine capped in $500 a day
Each Tibrix affiliate must directly recruit two new affiliates (placed on on each side of the binary team) in order to qualify for residual commissions.
Increased Residual Commission Rates
Affiliates can increase their residual commission rates through recruitments. If an affiliate recruits six affiliates within their first thirty days (or 30 days from investing at a higher tier), placed three on both sides of the binary team, increased residual commission rates are paid out as follows:
- TBRX-50 tier affiliates are rewarded with a 10% residual commission rate, capped at $100 a day
- TBRX-100 tier affiliates are rewarded with a 12% residual commission rate, capped at $200 a day
- TBRX-200 tier affiliates are rewarded with a 14% residual commission rate, capped at $400 a day
- TBRX-500 tier affiliates are rewarded with a 16% residual commission rate, capped at $1000 a day
Tibrix pays a Matching Bonus via a unilevel compensation structure, capped at four-team levels. These bonuses are paid out as a percentage of residual commissions earned across these four levels as follows:
- TBRX-50 tier affiliates receive a 20% match on level 1 (personally recruited affiliates)
- TBRX-100 tier affiliates receive a 20% match on level 1 and 10% on level 2
- TBRX-200 tier affiliates receive a 20% match on level 1, 10% on level 2 and 5% on level 3
- TBRX-500 tier affiliates receive a 20% match on level 1, 10% on level 2 and 5% on levels 3 and 4
Other Reward systems include: Trading Packages; Trading Package Residual Commissions; Trading Package ROI Match; Capital Return; Leadership Bonuses. Learn more about these at tibrix.io
Joining Tibrix affiliate membership requires an initial investment of $50 and it goes as high as $7050.
The TBRX token marketed in the company’s presentation holds no real value outside the company’s ecosystem. Tibrix can generate as much as TBRX tokens they want without incurring any cost (apart from erc20 token dev cost). The company can literally print tokens worth million dollars out of thin air, and in our words, these tokens are just ‘’shitcoins’’. Most of these MLMs that have their own tokens first focus on creating hype or a bubble that generates demand, and then they dump their bags on thousands of innocent investors.
To keep new investment flowing in, Tibrix’s compensation plan is pyramid recruitment. And you know what happens when new investment stops coming in!!