Solana Payouts fails to provide ownership or executive information on its website.
Solana Payouts’ website domain (“solanapayouts.com”), was privately registered on May 28th, 2024.
In the footer of Solana Payouts’ website we find reference to Precognition Capital S.R.O, a purported shell company registered in the Czech Republic.
The
sole listed director of Precognition Capital S.R.O
is “Sotiris Georgiades”, a purported resident of Cyprus.
Whether Georgiades is an actual person and what their role is within Solana Payouts is unclear.
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.
Solana Payouts’ Products
Solana Payouts has no retailable products or services.
Affiliates are only able to market Solana Payouts affiliate membership itself.
Solana Payouts’ Compensation Plan
Solana Payouts invest cryptocurrency on the promise of a 500% ROI.
Solana Payouts’ pays returns in tether (USDT), at a claimed rate of 1% to 30% a month.
Solana Payouts pays referral commissions on invested cryptocurrency down two levels of recruitment (unilevel):
level 1 (personally recruited affiliates) – 25%
level 2 – 10%
Joining Solana Payouts
Solana Payouts affiliate membership is free.
Full participation in the attached income opportunity requires an investment in cryptocurrency.
Solana Payouts
Solana Payouts claims it generates external revenue via “advanced trading strategies”.
SolanaPayouts.com offers a unique investment opportunity designed to provide substantial returns by leveraging advanced trading strategies on the Solana blockchain.
No verifiable evidence of Solana Payouts generating external revenue of
any
kind is provided.
In offering passive returns on consumers, Solana Payouts’ investment scheme constitutes a securities offering.
Solana Payouts fails to provide evidence it has registered with financial regulators in any jurisdiction.
This is crucial as, in addition to being a legal requirement, requires Solana Payouts to file periodic audited financial reports with regulators.
This is the only way to verify Solana Payouts is using claimed generated external revenue to pay ROI withdrawals.
As it stands the only revenue entering Solana Payouts is new investment. Using new investment to pay ROI withdrawals would make Solana Payouts a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve Solana Payouts of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
🤖 Quick Answer
What is Solana Payouts?Solana Payouts is a cryptocurrency-based MLM platform operating through the domain solanapayouts.com, registered on May 28, 2024. It references Precognition Capital S.R.O., a Czech Republic-registered entity. The platform offers no retailable products or services and has been identified as exhibiting characteristics consistent with a Ponzi scheme structure.
Who owns Solana Payouts?
Solana Payouts does not openly disclose ownership or executive leadership on its website. The sole listed director of its associated shell company, Precognition Capital S.R.O., is Sotiris Georgiades, listed as a Cyprus resident. Whether Georgiades is a real individual or holds an active operational role remains unverified.
Is Solana Payouts a legitimate MLM company?
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