Sean Kelly, known for past recruitment-based programs, launched UltraXProject, a new scheme combining six matrix structures with an investment opportunity. It promises 100% returns to participants, funded entirely by money injected by its own members. The UltraXProject website requires a referral ID for entry.
The website provides no company information without a referral ID. This setup shows the platform's heavy dependence on new member recruitment to sustain its operations. Sean Kelly, identified as the owner, previously launched Pure2x2 and Vertux. Both programs were recruitment and matrix-based, and both failed when recruitment ceased. Kelly has now re-launched a similar concept with UltraXProject, adding an investment component to the familiar six-matrix design.
UltraXProject's compensation plan begins when a member invests money, which the company converts into 'Commissionable Value' (CV) points. The company "sells" products to members for real money. This money then becomes the company's virtual CV point currency. Members can either invest these CV points into the UltraXProject system or use them to buy a position in one of the six 2x3 matrices.
Commissions are paid in two ways. An investment of CV points yields a daily 2% return on investment. Alternatively, filling a matrix with CV points results in a lump sum payment.
After any purchase from UltraXProject's internal storefront, members receive CV points. The amount of CV points is usually slightly less than the dollar amount invested. For example, a $10 purchase might yield 950 CV points. Once a member has CV points, they can invest them. UltraXProject guarantees a daily 2% ROI until the initial CV investment amount doubles to 200%.
The company breaks down invested CV points into 500-point allocations, calling these "Daily Dividend Shares." If a member invests 900 CV points, this creates one 500 Daily Dividend Share, leaving 400 points remaining. The 500-point share then returns 2% daily, or 10 points, until the total balance of invested points reaches 1000 points. This effectively doubles the initial 500 points, equivalent to the original $10 investment. Such structures, reliant on continuous new member funds to pay existing investors, typically collapse when recruitment slows.