WexCoin, an online operation registered under Wexco LLC on January 22, 2016, provides no public details about its true ownership or executive team. The company's listed address in Delaware traces back to Harvard Business Services, a firm specializing in corporate registration services. This arrangement suggests WexCoin exists as a shell entity in Delaware, primarily for legal incorporation without establishing a physical presence or substantive operations there.
Traffic analysis from Alexa indicates that Vietnam accounts for approximately 61% of visitors to the WexCoin website, with Nigeria contributing another 29%. While English and Simplified Chinese are the two official languages supported on the platform, these traffic figures point to a primary user base in countries not typically associated with Chinese language use. The discrepancy between reported language support and actual user geography raises questions about the platform's target audience and operational transparency.
WexCoin offers no retailable products or services. Instead, the company's entire business model revolves around the sale of affiliate memberships. Affiliates recruit new members to purchase one of five available packages: Starter for $50, Basic for $500, Premium for $1000, Business for $3000, or Professional for $5000. New participants are paid solely for bringing in more people who also buy these packages.
Direct recruitment commissions vary based on the package size purchased by the new affiliate. An affiliate recruiting a Basic member earns $50. Recruiting a Premium member yields $100. A Business package recruitment pays $300, and a Professional package brings in $500.
Residual recruitment commissions operate through a binary compensation structure. In this model, each affiliate sits at the top of a binary team, which splits into two sides. The first level holds two positions. Each of these positions then splits into two more, creating four positions on the second level. This pattern continues indefinitely, with each new level doubling the number of positions from the previous one. New WexCoin affiliates fill these positions through direct and indirect recruitment, with no restrictions on the depth of the binary team.
Each WexCoin affiliate package carries a specific point value. A Basic package is worth 500 points, Premium 1000 points, Business 3000 points, and Professional 5000 points. The system tracks these points as new affiliates join the binary team. At the end of each week, WexCoin tallies the new point volume accumulated on both sides of an affiliate's binary team. To qualify for residual commissions, an affiliate must have a minimum of 600 points on both sides. Commissions are paid out as a percentage of the matched point volume, with the specific percentage determined by the affiliate's own purchased package level.
The absence of any retail products, coupled with a compensation plan driven entirely by new member recruitment and package purchases, mirrors the structure of many pyramid schemes. Such models often collapse when new recruitment slows, leaving later participants unable to recover their initial investments. Individuals considering such schemes should consult resources from the Federal Trade Commission or the Securities and Exchange Commission regarding multi-level marketing and investment fraud.