IconX fails to provide ownership or executive information on its website.

IconX’s website domain (“iconx.tech”), was privately registered on March 9th, 2024.

The only names disclosed on IconX’s website are Danyal Islam, Rado Mulej and Hind el Hadaj, purportedly members of a “community trustees council”.

Further research reveals Islam, Mulej and Hadaj are promoters who are part of IconX’s marketing.

Salman Butt is another name we can add to the list.

As to who’s actually running IconX, further research reveals ties to Dubai’s Al-Maktoum ruling family (click to enlarge):

Saeed bin Hasher Al-Maktoum – IconX’s Chairman

Solaiman Al-Rifai – IconX Board Member

Rami Alsridi – IconX Managing Director and Board Member

Ali Abuzinjal – IconX Community Director

Al-Maktoum, Al-Rifai and Abuzinjal are Dubai-based MLM crypto fraudsters. All three were previously involved in
Safir International’s Zeniq Coin Ponzi scheme
.

Safir International went on to collapse in 2023.

Due to the proliferation of scams and failure to enforce securities fraud regulation, BehindMLM ranks Dubai as the 
MLM crime capital of the world
.

BehindMLM’s guidelines for Dubai are:

If someone lives in Dubai and approaches you about an MLM opportunity, they’re trying to scam you.

If an MLM company is based out of or represents it has ties to Dubai, it’s a scam.

If you want to know specifically how this applies to IconX, read on for a full review.

IconX’s Products

IconX has no retailable products or services.

Affiliates are only able to market IconX affiliate membership itself.

IconX’s Compensation Plan

IconX affiliates sign up and invest in Mining Race “mining card” and “mining machine” positions.

Starter – $100 a year for access to two mining card positions

Premium – $300 a year for access to nine mining card positions and four mining machines

Platinum – $1000 a year for access to twenty mining card positions and fifteen mining machines

Investment into a mining card position costs around $400 and pays out 118% every 90 days.

Mining machines aren’t defined in IconX’s marketing material but are assumed to require a larger investment and pay out a higher ROI.

Mining card and mining machine positions pay out as long as an IconX access membership remains active.

The MLM side of IconX pays on recruitment of affiliate investors.

IconX Affiliate Ranks

There are nine affiliate ranks within IconX’s compensation plan.

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

Star 600 – generate $600 in counted volume on each side of the binary team

Star 2000 – generate $2000 in counted volume on each side of the binary team

Team Coordinator – generate $10,000 in counted volume on each side of the binary team

Team Leader – generate $30,000 in counted volume and have a Team Coordinator or higher on/in each side of the binary team

Regional Director – generate $100,000 in counted volume and have a Team Leader or higher on/in each side of the binary team

🤖 Quick Answer

What is IconX and who operates it?
IconX is a cryptocurrency platform linked to Dubai's Al-Maktoum ruling family. Its chairman is Saeed bin Hasher Al-Maktoum, with board members Solaiman Al-Rifai and Rami Alsridi serving as managing director. The website domain "iconx.tech" was privately registered on March 9, 2024, without disclosing ownership information publicly.

Who are the publicly named figures associated with IconX?
IconX's website identifies Danyal Islam, Rado Mulej, and Hind el Hadaj as members of a "community trustees council." Research indicates these individuals function primarily as promoters within IconX's marketing structure. Salman Butt is also identified as an additional associated figure within the organization's promotional network.

What corporate transparency concerns exist regarding IconX?

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