Socialx20 initially launched in mid-2014 as a $25 a pop matrix cycler.
The scheme quickly collapsed upon launch, and that was that.
Now, some six months after the first collapse the Socialx20 admin seeks to resurrect the scheme.
Who this admin is remains a mystery, as there is no information about who owns or runs Socialx20 on the company’s website.
Additionally the Socialx20 website domain was first registered on the 7th of March 2014, however the domain registration is set to private.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
The Socialx20 Product Line
Socialx20 has no retailable products or services, with affiliates only able to market affiliate membership with the company itself.
Once a Socialx20 affiliate has signed up, they are then able to purchase matrix positions.
Bundled with each of these positions are a series of advertising credits, which can be used to display advertising on the Socialx20 website.
The Socialx20 Compensation Plan
The Socialx20 compensation plan sees affiliate purchase $25 matrix positions.
These positions form the entry into a two-tier matrix cycler, Silver and Gold respectively.
Entry into the Silver matrix costs $25. This matrix is a 5×1, meaning that five positions under the initial $25 position need to be filled.
Once all five positions are filled, the affiliate who owns the top position is paid $50, re-entered into a new Silver matrix and placed into a new Gold matrix.
The Gold matrix is an 8×1 matrix, meaning eight positions under the top position need to be filled.
Once all eight positions are filled, the affiliate who owns the top position is paid $100 and again re-entered once into both a new Silver and Gold matrix.
Referral commissions on the purchase of matrix positions are paid down three levels of recruitment as follows:
level 1 – $1.25
level 2 – 75 cents
level 3 – 25 cents
A cycle commission of $15 (Silver) and $22.50 (Gold) is also paid out when personally recruited affiliates cycle out of either a Silver or Gold matrix.
Note that a “cycle” is a term used to refer to a matrix filling up and a commission being paid out.
Joining Socialx20
Affiliate membership with Socialx20 is free, however free affiliates can only earn referral commissions.
Full participation in the Socialx20 compensation plan requires the purchase of at least one $25 Silver matrix position.
Conclusion
The simplest way to describe the Socialx20 compensation plan is as a $25 in, $150 Ponzi scheme.
Each $25 position requires 40 subsequent positions to be invested in before the $150 ROI is fully paid out.
Both matrix tiers offered in Socialx20 operate as individual straight-line queues, with funds from newly purchased positions used to pay out ROIs on existing positions.
Nothing is marketed or sold to retail customers, with all ROIs funded by participating affiliate investors.
Given that Socialx20’s init
🤖 Quick Answer
What is Socialx20 and its business model?Socialx20 is a matrix cycler scheme initially launched in mid-2014 requiring $25 entry fees. After collapsing, it was relaunched approximately six months later. The company operates a two-tier matrix system where affiliates market membership rather than retailable products or services, characteristic of pyramid scheme structures.
Why is Socialx20's ownership structure concerning?
Socialx20's website provides no information about company ownership or administration. The domain registration, dating to March 2014, is set to private, obscuring the identity of those operating the scheme. Lack of transparent ownership is typically associated with fraudulent or illegal MLM operations.
What products does Socialx20 offer to affiliates?
Socialx20 has no legitimate retailable products or services. Affiliates can only market and recruit additional affiliate memberships
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