Beware of DefiNetworx – Review

On its website, DefiNetworx makes no mention of who owns or operates the firm.

On August 4th, 2021, DefiNetworx’s website domain (“definetworx.com”) was privately registered.

DefiNetworx claims to be “headquartered in the United Kingdom and Lugano, Switzerland” on their website.

There is no evidence to back up this assertion.

Further investigation finds official DefiNetworx marketing materials that list “Norberto Parisella” as the company’s CEO.

A cropped picture of some dude acquired from who knows where represents Parisella. Outside of DefiNetworx marketing materials, he doesn’t exist.

Massimiliano Camozza, the CTO of DefiNetworx, appears to be a real person.

Polo Swiss AG appears to be a Switzerland-based blockchain bro firm. Camozza is credited as the CEO of Polo Swiss AG in the video above.

Polo Swiss AG now has a website, which may be found at “polomultimodal.” It appears to be affiliated with a Brazilian company known as Polo Multimodal Pecem.

There isn’t much going on in that area. Since April 2021, “News” hasn’t been updated. Since July 2020, Polo Swiss AG’s Facebook page hasn’t been updated.

Camozza earned certification as a Blockchain Engineer and Financial Blockchain Analyst in 2017, according to his DefiNetworx company bio.

Whatever that implies…

Massimiliano Camozza, not Norberto Parisella, looks to be the real blockchain bro behind DefiNetworx.

As always, if an MLM firm isn’t transparent about who runs or controls it, consider twice before joining and/or turning over any money.

The Products of DefiNetworx

DefiNetworx does not sell any items or services to the general public.

Affiliates can only promote their DefiNetworx affiliate membership.

Compensation Plan at DefiNetworx

Affiliates of DefiNetworx invest tether and bitcoin in the hopes of earning stated returns, which can reach 5000 percent.

• Bronze – invest $100 and receive a return of up to 900%

• Silver – invest $250 and receive up to 1100 percent in return • Crystal – invest $500 and receive up to 1400 percent in return

• Gold — invest $1,000 and get a return of up to 1700%.

• Ruby – invest $3000 and get a return of up to 2000%.

• Emerald – invest $5000 and get a 2200 percent return.

• Diamond – invest $10,000 and get a 2500 percent return.

• Executive – invest $30,000 and get a 3000 percent return.

• Premium – invest $50,000 and get a 3500 percent return.

• Royal – invest $100,000 and get a 4000 percent return.

• Royal Diamond – put in $250,000 and receive up to 5000 percent in return.

For 36 months, DefiNetworx pays returns as a variable daily percentage.

The MLM part of DefiNetworx pays for affiliate investor recruiting.

It’s worth noting that to qualify for residual income and the Matching Bonus, an affiliate must recruit and retain two active affiliates.

Commissions for Referrals

On monies invested by individually recruited affiliates, DefiNetworx pays a 5% fee.

Residual Commissions are commissions that are paid regularly.

A binary compensation mechanism is used by DefiNetworx to pay residual commissions.

In a binary compensation system, an affiliate is placed at the top of a binary team, which is divided into two sides (left and right):

The binary team’s initial level has two slots. The binary team’s second level is created by dividing the initial two slots into two more positions each (4 positions).

The binary team’s subsequent levels are created as needed, with each new level containing twice as many slots as the preceding level.

Affiliates are recruited both directly and indirectly to fill positions on the binary team. It’s worth noting that a binary team can go as deep as it wants.

Definetworx calculates fresh investment volume on both sides of the binary team after each day.

Residual commissions are paid as 8% of cash spent on DefiNetworx’s weaker binary team side.

Affiliates can earn “up to $300,000 per month in the binary bonus” according to DefiNetworx’s compensation scheme. There are no other details supplied.

Bonus that is matched

A Matching Bonus is paid by DefiNetworx through a uni-level compensation system.

An affiliate is put at the head of a uni-level team, with every individually recruited affiliate placed right behind them (level 1):

Level 1 affiliates who recruit new affiliates are assigned to the original affiliate’s unilevel team’s level 2.

If any level 2 affiliates recruit new affiliates, they are promoted to level 3, and so on, up to a theoretical limit of an unlimited number of levels.

The Matching Bonus is limited to eight uni-level team levels by DefiNetworx.

The Matching Bonus is calculated as a percentage of residual commissions generated and daily ROI paid at each of these 10 levels:

• 3% for level 1 (personally recruited affiliates)

• 1% for levels 2 through 10.

Joining the DefiNetworx team

Affiliate membership in DefiNetworks is $10 plus a $100 to $250,000 initial investment.

The greater an affiliate invests, the more money they may make through DefiNetworx’s reward model.

DefiNetworx is looking for tether and bitcoin investors.

Conclusion of DefiNetworx

DefiNetworx employs the standard MLM crypto Ponzi ruses to describe how it offers returns of up to 5000 percent:

Our Artificial Intelligence-based solution was created to assure a high return with minimal risk and a rapid withdrawal.

In the whole blockchain sector, our blockchain firm has the most sophisticated technology.

There is no indication that DefiNetworx earns any money from outside sources.

DefiNetworx also fails to give evidence that it has registered with financial regulators while offering security in the form of a three-year passive investment plan.

This suggests that DefiNetworx is committing securities fraud at the very least.

New investment is currently the sole probable source of revenue for DefiNetworx.

DefiNetworx is a Ponzi scam since it uses new investments to pay daily returns. Adding a pyramid layer to the scam by paying commissions on monies invested by recruited affiliates.

When recruiting dries up, as it does with many MLM Ponzi scams, the fresh investment will dry up as well.

DefiNetworx will continue to pay affiliate back office monopoly money returns, but will soon be unable to pay withdrawals.

When that happens, the token launch looks to be DefiNetworx’s preferred exit strategy.

DefiNetwork will create its token as a result of this. Withdrawals will be shifted to the token in the future, locking invested monies within the system.

DefiNetworx will first reimburse withdrawals when affiliates cash out their tokens under the token exit-scam model.

That will ultimately run out, leaving the bulk of DefiNetworkx associates with another useless MLM shitcoin in their possession.

Ponzi schemes are mathematically certain to lose money for the vast majority of participants.

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