Edain operates in the cryptocurrency MLM niche. The company provides a corporate address for “Edain Technologies AG” in Switzerland.

Heading up Edain are co-founders Hardy F. Schloer, Adela Fofiu and Mihai Spariosu.

None of Edain’s co-founders appear to have an MLM history.

Hardy Schloer is a German national tied to a number of companies; Schloer Consulting Group, Raven Pack and Prisma Analytics.

Other than providing marketing points, none of Schloer’s companies have anything to do with Edain’s MLM opportunity.

After the usual string of failed projects that didn’t go anywhere, Schloer got involved in cryptocurrency circa 2017:

The culmination of Schloer’s blockchain bro journey is Edain.

Adela Fofiu is a Romanian national with a PHD in sociology.

Yeah, that’s it. Moving on…

Mihai Spariosu is another academic. He passed away in August at age 77, so I’m not sure why Edain cites him as a co-founder.

Edain’s website domain (“edain.ai”) was registered on July 14th, 2021.

The owner of the domain is “RO34212954”, through an address in Romania. This appears to either be a shell company or bogus details.

At time of publication, Alexa ranks the Ukraine as the only notable source of traffic to Edain’s website (46%).

Read on for a full review of Edain’s MLM opportunity.

Edain’s Products

Edain has no retailable products or services.

Affiliates are only able to market Edain affiliate membership itself.

Edain’s Compensation Plan

Edain affiliates invest in EAI tokens on the expectation of an advertised 10% annual return.

Investment is made via Edain packages:

Package 1 – $199

Package 2 – $499

Package 3 – $899

Package 4 – $1499

Package 5 – $2300

Package 6 – $5000

Package 7 – $10,000

Edain’s MLM opportunity pays on recruitment of new affiliate investors.

Edain Affiliate Ranks

There are sixteen affiliate ranks within Edain’s compensation plan.

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

Iron – generate $500 in binary team investment volume ($250 in weaker side volume) a month

Bronze – generate $1000 in binary team investment volume ($500 in weaker side volume) a month

Silver – generate $2000 in binary team investment volume ($1000 in weaker side volume) a month

Gold – generate $5000 in binary team investment volume ($2500 in weaker side volume) a month

Platinum – generate $10,000 in binary team investment volume ($5000 in weaker side volume) a month

Topaz – generate $20,000 in binary team investment volume ($8000 in weaker side volume) a month, generate at least $40,000 in annual binary team volume (min $16,000 in weaker side volume) and recruit and maintain two Gold or higher ranked affiliates

Sapphire – generate $40,000 in binary team investment volume ($16,000 in weaker side volume) a month, generate at least $80,000 in annual binary team volume (min $32,000 in weaker side volume) and recruit and maintain two Platinum or higher ranked affiliates

Ruby – generate $60,000 in binary team investment v

🤖 Quick Answer

What is Edain's business model?
Edain operates in the cryptocurrency MLM (multi-level marketing) sector, offering EAI token-based smart contracts. The company, registered as Edain Technologies AG in Switzerland, combines cryptocurrency investment mechanisms with network marketing structures typical of MLM organizations.

Who are Edain's co-founders?
Edain's co-founders are Hardy F. Schloer (German national), Adela Fofiu (Romanian national with PhD in sociology), and Mihai Spariosu. None possess documented previous MLM industry experience or established backgrounds in cryptocurrency marketing ventures.

What is Hardy Schloer's professional background?
Hardy Schloer is a German entrepreneur associated with multiple companies including Schloer Consulting Group, Raven Pack, and Prisma Analytics. He entered cryptocurrency circa 2017 following various unsuccessful business ventures

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