Wire8 fails to provide ownership or executive information on its website.

In fact as I write this, Wire8’s website is nothing more an affiliate sign up or sign in form.

Wire8’s website domain (“wire8.com”), was first registered in 2012. The private registration was last updated on October 2nd, 2023.

Through the Wayback Machine we can determine Wire8’s current website went live towards the end of October. This means whoever is running Wire8 purchased the domain on or around October 2nd.

Over on YouTube we have a December 3rd a video a Wired8 marketing video in Filipino:

One name we can definitively tie to Wire8 is Romeo Ganit.

Ganit popped up on BehindMLM’s radar earlier this year through the
LedgerBlock
Ponzi scheme.

The CEO of LedgerBlock was Paul Sykes, a former employee of Blockworq.

Blockworq was a “Malaysian based Blockchain solutions provider.” Coinciding with LedgerBlock’s May 2023
collapse
, today Blockworq’s website is inaccessible.

Nevertheless, in June 2023 Romeo Ganit represented Blockworq at a cryptobro circlejerk held in Malaysia.

I’m not 100% sure on this but I believe Ganit is a Philippine national living in Malaysia.

As of November 2023, SimilarWeb tracked top sources of Wire8 website traffic as Malaysia (70%) and New Zealand (30%).

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.

Wire8’s Products

Wire8 has no retailable products or services.

Affiliates are only able to market Wire8 affiliate membership itself.

Wire8’s Compensation Plan

Wire8 affiliates invest tether (USDT). This is done on the promise of advertised returns:

invest 10 to 490 USDT and receive 0.8% a day

invest 500 to 1990 USDT and receive 0.9% a day

invest 2000 to 4990 USDT and receive 1% a day

invest 5000 to 9990 USDT and receive 1.1% a day

invest 10,000 or more USDT and receive 1.2% a day

There doesn’t appear to be any limit to Wire8’s investment plans.

The MLM side of Wire8 pays on recruitment of affiliate investors.

Wire8 Affiliate Ranks

There are seven affiliate ranks within Wire8’s compensation plan.

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

W0 – sign up as a Wire8 affiliate

W1 – recruit three affiliates and generate at least 30,000 USDT in downline investment volume

W2 – have two W1 or higher ranked affiliates in two separate recruitment legs

W3 – have two W2 or higher ranked affiliates in two separate recruitment legs

W4 – have two W3 or higher ranked affiliates in two separate recruitment legs

W5 – have two W4 or higher ranked affiliates in two separate recruitment legs

W6 – have two W5 or higher ranked affiliates in two separate recruitment legs

Referral Commissions

Wire8 pays referral commissions via a unilevel compensation structure.

A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under the

🤖 Quick Answer

What is Wire8 and its connection to previous scams?
Wire8 is an affiliate platform launched in October 2023 using the domain wire8.com, originally registered in 2012. The platform lacks transparency regarding ownership and executive information. Romeo Ganit, associated with Wire8, was previously connected to the LedgerBlock Ponzi scheme, raising concerns about potential fraudulent operations.

Who is Romeo Ganit and what is his role in Wire8?
Romeo Ganit is an individual definitively linked to Wire8's operations. He previously gained attention through his association with LedgerBlock, a Ponzi scheme whose CEO was Paul Sykes. His involvement with multiple platforms suggests a pattern of participation in questionable financial ventures.

When did Wire8's current website launch and why is this significant?
Wire8's website launched toward the end of October 2023, shortly after the domain

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