Excallit Review: Veros cryptocurrency pump & dump altcoin scheme

On their website, Excallit claims to be a Delaware corporation established in July of 2012.

This is questionable, as the Excallit website domain was only registered in May of 2014.

A Delaware address is listed on the Excallit website domain registration. The address however belongs to Delaware Registry LTD, who provide Delaware incorporation services.

As far as I can tell Excallit has no physical presence in the United States.

The Excallit website identifies Michael Juul (right) as CEO of the company.

In 2001 Juul co-founded the GII Corp pyramid scheme. The same scammers behind GII Corp seem to have morphed into a gaming platform (T6 Poker) at some point.

To what extent, if any, Juul was involved in T6 Poker is unclear.

As per his Facebook profile, Juul is from Denmark but currently lives in Singapore. This is presumably from where Excallit is actually being operated from.

Excallit marketing material suggests the company is primarily pitched to a Chinese audience. A secondary market appears to be emerging in Romania.

Read on for a full review of the Excallit MLM opportunity.

The Excallit Product Line

Excallit has no retailable products or services, with affiliates only able to market Excallit affiliate membership itself.

Excallit affiliates invest in packages, which come with tokens. These tokens can be converted into the Veros cryptocurrency.

The Veros cryptocurrency is publicly traded and has a current value of 3.8 cents.

The Excallit Compensation Plan

The Excallit compensation plan sees affiliates invest in tokens.

Intro (€100 EUR) – €40 EUR in tokens

Starter (€250 EUR) – €100 EUR in tokens

Elementary (€850 EUR) – €300 EUR in tokens

Apprentice (€1350 EUR) – €500 EUR in tokens

Business (€2600 EUR) – €1500 EUR in tokens

Professional (€5600 EUR) – €4500 EUR in tokens

Premium (€16,800 EUR) – €5000 EUR in tokens

Elite (€39,200 EUR) – €5000 EUR in tokens

Tokens can be converted into the Veros cryptocurrency. The current rate of tokens required to purchase Veros from Excallit is not disclosed on the Excallit website.

Mandatory Reinvestment

Excallit affiliates are required to reinvest funds back into new tokens.

Each affiliate package sets aside a specific amount that is required to be reinvested:

Intro – €40 EUR

Starter – €100 EUR

Elementary – €300 EUR

Apprentice and higher – €500 EUR

Additionally 30% of binary commissions and the residual matching bonus must also be reinvested into new Veros tokens.

Recruitment Commissions

Excallit affiliates are paid a 10% commission on binary points generated when they recruit a new affiliate who invests (see binary point values in “residual commissions” below).

Residual Commissions

Residual commissions in Excallit are paid via a binary compensation structure.

A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):

The first level of the binary team houses two positions. The second level of the binary team is gene

🤖 Quick Answer

What are the main claims made by Excallit regarding its corporate status?

What irregularities exist in Excallit's Delaware registration documentation?
The Delaware address listed on Excallit's domain registration belongs to Delaware Registry LTD, a service provider offering Delaware incorporation services. This suggests the address is a registered agent address rather than evidence of legitimate operational presence in the United States.

What is Michael Juul's background and relevance to Excallit?
Michael Juul is identified as CEO of Excallit. In 2001, he co-founded GII Corp, which operated as a pyramid scheme. The individuals involved in GII Corp subsequently

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