Dunamis Global Tech has collapsed.
On a recent company webinar, Dunamis Global Tech admins announced a merger with Onyx Lifestyle.
Dunamis Global Tech initially launched as Dunamis Mining.
BehindMLM
reviewed Dunamis Mining
shortly after launch back in April. Based on its business model, we concluded Dunamis Mining was committing securities fraud.
As of December 2019, Alexa website rankings reveal Dunamis Global Tech had a brief spike of activity around June.
This was followed by a typical collapse trajectory.
On a recent
Dunamis Global Tech webinar
, Joe Abel is credited as Dunamis Global Tech’s founder.
Abel is brought on early into the webinar to announce;
[4:18] With the experience we’ve had in Dunamis, I’m happy to say that Dunamis is no longer.
We are completely closing the conversation on what happened in Dunamis.
And I’m here to welcome you guys, whoever’s interested, in being part of our new venture that has been merged and collaborating with Travis Bott out of Utah.
The new opportunity is called Onyx Lifestyle.
BehindMLM
reviewed Onyx Lifestyle
in May. We found a LQD8 Block investment scheme, which we concluded was another instance of securities fraud.
Abel goes on to reveal Dunamis Global Tech has been merged as a new “division” within Onyx Lifestyle.
The new division is purportedly related to cryptocurrency mining and called Hyper Miner.
This appears to be a continuation of Dunamis Global Tech’s crypto mining ruse.
Dunamis Global Tech victims, most of whom are owed commissions as I understand it, are being funneled into Onyx Lifestyle through an “offer”.
Later in the webinar Travis Bott, representing Onyx Lifestyle, goes on to further explain Hyper Miner.
[14:06] We have a program called Access IO that we’ll be launching next week. Along with what we’re calling Hyper Mining, which is basically the Onyx Dunamis coming together.
(This) will be Hyper Miner powered by Dunamis.
[17:20] It’s a device that we’ve gone and developed that has… it’s a… basically a power node, or super node that you can do staking, you can host blockchains on for rewards, we can use it to enhance our mining activities, we can use it to enhance our trading activities, and it has a cold surge wallet build into it.
What’s cool about the program is you, as a member, can buy the device. You lease it back to the company, they’re gonna pay you a fixed payment for a hundred and fifty weeks – and the basic premise is the device upfront is $2850 and over that hundred and fifty weeks you can make back out through the lease back, $6800.
Through Hyper Miner, Onyx Lifestyle affiliates invest $2850 on the promise of a passive $6800 ROI over one hundred and fifty weeks.
Despite quite obviously being a securities offering, neither Onyx Lifestyle, Travis Bott, Dunamis Global Tech or Joe Abel are registered to offer securities in the US.
At the time of publication Alexa estimates that Japan makes up 92% of traffic to Onyx Lifestyle’s website.
Onyx Lifes
🤖 Quick Answer
What happened to Dunamis Global Tech?Dunamis Global Tech, originally launched as Dunamis Mining in April 2019, collapsed and merged with Onyx Lifestyle. The company experienced a brief activity spike in June 2019, followed by a typical decline pattern. Founder Joe Abel announced the closure during a company webinar, stating that Dunamis would cease operations completely.
Why did Dunamis Global Tech fail?
BehindMLM identified Dunamis Mining's business model as committing securities fraud. The company demonstrated characteristics typical of multi-level marketing schemes, which contributed to its unsustainable operational structure and subsequent collapse within months of its initial launch.
Who founded Dunamis Global Tech?
Joe Abel is credited as the founder of Dunamis Global Tech. He publicly announced the company's closure and merger during an official webinar, marking the end
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