Website & Company Information
The web domain of the company was privately registered on the 6th of August 2019. The website does not provide any information about the owner or the team behind the company. Vixes is based out of Australia.
According to our research, the address provided on the site belongs to Servcorp, a virtual office provider.
At the time of writing this article, Alexa cites Brazil (30.9%), Venezuela (10.7%) and Egypt (6.9%) as top sources of traffic to Vixes’s website. It is highly likely that the admin is operating from any one of these countries.
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.
Vixes’ Compensation Plan
The affiliates of the company are required to invest funds via cryptocurrency n the promise of an advertised perpetual 1% to 3% daily ROI.
In terms of payments through cryptocurrency, the company only accepts:
bitcoin, bitcoin cash, bitcoin SV, digibyte, dogecoin, ethereum, ethereum classic, litecoin, syscoin and verge.
The ROI is directly proportioned to that of investment, and this means if you invest more, then you would get more.
The company also pays referral commissions via a uni-level compensation structure, capped at three levels of recruitment
- 7% on level 1 (direct recruits)
- 2% on level 2
- 1% on level 3
Joining Vixes affiliate membership is free. However, full participation in the attached income opportunity requires investment in cryptocurrencies as mentioned above.
The company claims itself to be the “world leader in the cryptocurrency mining market”, and it generates a lumpsum amount of profit via crypto mining. The said mining operations take places in its mining farm in Australia.
For us, nothing of these claims are real because the company does not provide any substantial evidence to prove their claim. Vixes doesn’t have a mining farm in the middle of Sydney. Nor is there any evidence Vixes has an operational mining farm anywhere in the world.
Paying rewards as passive income requires the company to be registered with the financial regulator of that jurisdiction. Vixes does not hold any registration with any securities regulators, be it Brazil, Venezuela and Egypt, none of which Vixes is registered to offer securities in.
This simply means that the company is illegally offering securities and securities regulators can hammer down their business anytime any day!
If you are a promoter of this MLM, then they can crack down on you too!
As it stands the only verifiable source of revenue entering Vixes is a new investment, and using these funds to pay affiliates a daily return makes Vixes a Ponzi scheme.