Beware of DeFinity FI Academy – Review

On its website, DeFinity FI Academy makes no mention of the company’s owners or executives.

DeFinity FI Academy’s website is restricted as I type this and requires a reference to access:

The website domain (“definityfi.io”) for DeFinity FI Academy was privately registered on October 6th, 2021.

Further investigation indicates that Toan Nguyen and Wayne Marcel, as “Blockchain Wayne,” present official DeFinity FI Academy marketing videos.

Nguyen describes himself as the “principal consultant” at DeFinity FI Academy. The “head educator” for the business is listed as Marcel.

Through Legal Shield, Toan and his business partner Van seem to have entered the MLM industry more than 10 years ago.

Nerium came next in 2015, followed by BioReigns (2019), Wor(l)d Global Network (2017, and so on) (also 2019).

Around October 2020, BioReigns promotion appears to have ceased.

Nguyen’s cryptocurrency bro trip seems to have begun in the middle of 2018.

Nguyen began marketing “yield farm” Ponzi schemes approximately six months ago after first promoting several shitcoins through “PIG,” or “Passive Income Group.”

MLM crypto Ponzi schemes followed, with BNBBusiness becoming the first in October 2021.

Nguyen started marketing Meta Bounty Hunters, an MLM NFT cryptocurrency Ponzi, yesterday.

Crypto Experience’s co-founder is Wayne Mancel (on the right).

Annual crypto-bro event Crypto Experience takes place in Florida.

Always consider joining and/or giving any money to an MLM firm very carefully if it is not transparent about who owns or runs it.

Products of DeFinity FI Academy

In their presentation videos, DeFinity FI Academy promotes a platform for learning and development.

The website of the DeFinity FI Academy does not provide information on the platform.

“Reward Tokens,” which come with BNB matrix position purchases, are used to access the site.

Purchases at the $30 BNB tier will earn you 10 Reward Tokens. Purchases at the $50 BNB tier will earn you 25 Reward Tokens. Purchases at the $120 BNB tier will earn you 50 Reward Tokens. Purchases at the $300 BNB tier will earn you 180 Reward Tokens.

Buy in at the $400 BNB tier to receive 250 Reward Tokens; buy-in at the $700 BNB tiers to receive 450 Reward Tokens; buy-in at the $1200 BNB tier to receive 800 Reward Tokens; buy-in at the $1500 BNB tier to receive 1000 Reward Tokens; buy-in at the $2000 BNB tier to receive 1400 Reward Tokens; buy-in at the $2500 BNB tier to receive 1700 Reward To

According to a DeFinity FI Academy marketing video, their platform is

to provide a network of professionals that will give you access to simple education programs so you may take advantage of income-generating possibilities.

Compensation Plan for DeFinity FI Academy

Affiliates of the DeFinity FI Academy acquire matrix jobs at BNB.

Twelve matrix tiers correspond to these positions:

$30 in BNB

$50 in BNB

$120 in BNB

$200 in BNB

$300 in BNB

$400 in BNB

$700 in BNB

$1000 in BNB

$1200 in BNB

$1500 in BNB

$2000 in BNB

$2500 in BNB

Tiers can be bought separately or all at once for $10,000 in BNB.

Affiliate Ranks for the DeFinity FI Academy

The pay structure for DeFinity FI Academy has eleven affiliate ranks.

They are as follows, along with their respective qualifying standards:

Affiliate: Enroll in the DeFinity FI Academy and purchase a BNB matrix tier.

Bronze: Your unilevel team must earn $5000 in BNB buy-in volume for levels 1 and 2.

Silver: Your unilevel team must create $50,000 in BNB buy-in volume across levels 1 and 2.

Gold: Your unilevel team must create $250,000 in BNB buy-in volume across levels 1 and 2.

Platinum: Your unilevel team must create $500,000 in BNB buy-in volume across levels 1 and 2.

Ruby: Your unilevel team must create $800,000 in BNB buy-in volume across levels 1 and 2.

Emerald: Your unilevel team must create $1,000,000 in BNB buy-in volume across levels 1 and 2.

Diamond: Your unilevel team must create $2,000,000 in BNB buy-in volume across levels 1 and 2.

Double Diamond: Your unilevel team must create $3,000,000 in BNB buy-in volume.

Triple Diamond: Your unilevel team must create $4,000,000 in BNB buy-in volume.

Crown Diamond: Your unilevel team must create $5,000,000 in BNB buy-in volume across levels 1 and 2.

The required buy-in volume increases with time.

A uni-level team’s levels 1 and 2 relate to affiliates that were personally recruited (level 1) and those that they recruited (level 2).

Passive Income

DeFinity FI Academy provides shareholders with passive profits.

The “DeFinity Fi Profit Program,” which DeFinity FI Academy claims it creates through “trading,” is linked to the shares.

There are no specifics given.

Affiliates of the DeFinity FI Academy get shares through the Share Bonus and Rank Achievement Bonus (details below).

Recruitment Commissions for Reward Tokens

Affiliates of the DeFinity FI Academy receive Reward Tokens for persuading others to make investments.

Persuade someone to join at the $30 tier and they will receive 5 Reward Tokens. Persuade them to join at the $50 tier and they will receive 10 Reward Tokens. Persuade them to join at the $120 tier and they will receive 30 Reward Tokens. Persuade them to join at the $300 tier and they will receive 75 Reward Tokens.

convince someone to join at the $400 tier and receive 100 Reward Tokens per person persuade someone to join at the $700 tier and receive 150 Reward Tokens per person persuade someone to join at the $1000 tier and receive 200 Reward Tokens per person persuade someone to join at the $1200 tier and receive 250 Reward Tokens per person persuade someone to join at the $1500 tier and receive 300 Reward Tokens

To use the educational platform of DeFinity FI Academy, you must have reward tokens.

Employer commissions

FI Academy affiliates additionally receive recurring commissions on BNB buy-ins from personally recruited affiliates in addition to Reward Tokens.

10% of the BNB invested in your first three hires is paid.

From the fourth recruit on, you receive a 15 percent return on your BNB investment.

Recurring Commissions

Through a 312 matrix, DeFinity FI Academy affiliates may earn residual commissions on each tier.

An affiliate is positioned at the top of a 312 matrix, with the following three slots immediately behind them:

The initial level of the matrix is made up of these three places.

These initial three locations are divided into another three positions each to create the second level of the matrix.

The matrix is constructed from levels three to twelve in the same way, with each level containing three times as many commissions as the one before it.

Affiliates of the DeFinity FI Academy can advance through recruiting.

No recruitment is necessary to earn on tier matrix levels 1 to 2. Recruit one affiliate to unlock tier matrix levels 3 and 4. Recruit two affiliates to unlock tier matrix levels 5 and 6. Recruit three affiliates to unlock tier matrix levels 7 and 8. Recruit four affiliates to unlock tier matrix levels 9 and 10. Recruit five affiliates to unlock tier matrix levels 1 through 12.

Affiliates who have been brought in at the same tier as the unlocking tier or above count.

For instance, level 3 and level 4 of the $700 in BNB tier would be unlocked by recruiting someone who buys in at that level. All of the lower tiers’ matrix levels 3 and 4 would likewise be unlocked.

Residual commissions are given as 5% of each BNB buy-in across all twelve BNB levels, taking the aforementioned level to unlock qualification into consideration.

Bonus Super Matrix

A new job is produced in the same matrix tier when the first five levels of any tier matrix have been filled.

This position has its commissions and is located in the affiliates’ current tier matrix.

Each newly produced matrix position also pays out the associated Token Rewards.

The number of Super Matrix Bonus jobs that may be established for each tier doesn’t seem to be capped.

Bonus Share

DeFinity FI Academy offers shares to affiliates who bring in four new affiliates that join at each tier.

Additionally, shares are given to affiliates that create new matrix tier positions.

Which tier either four affiliates invested into or a Super Matrix Bonus position was formed determines how many shares are awarded.

tier 1 = 1 share \stier Two shares are equal. Tier 3–4 shares layer of 4–7 shares layer of 5 to 10 shares Tier 6: 6 to 14 shares layer of 7 to 24 shares tier 8 – 34 shares Tier 9: 9 to 40 shares Tier of 10 to 50 shares Tier 11: 67 shares 84 – 12 shares

According to the shares, the DeFinity Fi Profit Program (see “Passive Returns” above) exists.

DeFinity FI Academy gives a monthly Recruitment Bonus to the top 10 recruiters around the organization.

The bonus’s details are not given.

Global Leadership Bonus

Affiliates who are classified as Diamond, Double Diamond, Triple Diamond, or Crown Diamond are eligible for a Leadership Global Bonus.

In essence, the Leadership Global Bonus consists of four bonus pools based on rank. No specifics are given.

Bonus for Rank Achievement

Affiliates of the DeFinity FI Academy who are Diamond or higher ranked are given an unknown number of bonus shares each month.

The DeFinity Fi Profit Program is represented by these shares (see “Passive Returns” above).

The cost of joining DeFinity FI Academy is equal to an undetermined gas fee for an affiliate member of DeFinity FI Academy.

Gas charges are transaction costs for cryptocurrencies.

A $30 to $2500 BNB buy-in is necessary to take part in the MLM opportunity offered by DeFinity FI Academy.

The total cost of the MLM opportunity offered by DeFinity FI Academy is $10,000 in BNB.

Affiliates of the DeFinity FI Academy can purchase levels by forgoing four personal referral commissions on each tier.

DeFinity FI Academy Summary

Toan Nguyen has concluded that the majority of those profiting from dodgy crypto schemes are scammers after losing money in an untold number of them.

So, DeFinity FI Academy was created.

Nguyen describes himself as a “lead consultant”. It is unknown if he is in charge of DeFinity FI Academy and, if not, who is.

What I can tell you is that it’s a new MLM cryptocurrency Ponzi scheme disguising itself as a learning resource.

This has been happening for a long time. OneCoin, arguably the most infamous educational package Ponzi, debuted in 2014.

The teaching platform for DeFinity FI Academy appears to have been created by Wayne Marcel and other unnamed individuals.

Retail access is offered as a choice by DeFinity FI Academy, however, a quick look at the website of the business indicates this is a joke.

It is pseudo-compliance that retail is offered by DeFinity FI Academy in this way.

This is due to Nguyen’s familiarity with MLM. He is aware of what a Ponzi and a pyramid scam are.

As a result, our educational programs are pointless. We have this ridiculous disclaimer that attempts to justify the Ponzi scheme run by DeFinity FI Academy:

DeFinity FI Academy claims that trading results in external ROI revenue.

There is no proof that trading profits were utilized to pay returns.

More significantly, DeFinity FI Academy’s passive returns are an offering of securities. Toan Nguyen, Wayne Marcel, or DeFinity FI Academy do not have SEC registrations.

This indicates that DeFinity FI Academy is, at the very least, engaging in securities fraud.

The remainder of DeFinity FI Academy’s pay structure is a pyramid system. This would be countered by the retail selling of BNB positions, but as was already mentioned, retail at the DeFinity FI Academy is a farce.

The fact that DeFinity FI Academy committed securities fraud would remain unchanged.

Right now, fresh investment is the sole provable source of income entering DeFinity FI Academy.

DeFinity FI Academy is a Ponzi scam since it uses fresh investments to pay out daily profits.

DeFinity FI Academy is a pyramid scheme since it pays commissions on hiring new members even if there aren’t many retail sales.

As with other MLM Ponzi scams, fresh revenue will stop coming in as soon as recruiting stops.

This will deprive DeFinity FI Academy of ROI income, leading to its eventual demise.

The mathematics behind Ponzi schemes ensures that when they fail, the majority of investors lose money.

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