A marketing offshoot of Vow is The Last Network.
Bishara “Bish” Smear is the founder and CEO of both Vow and The Last Network.
Smear has no prior MLM experience that I am aware of. Smear has been pushing a cashback program for years before Vow:
Smear’s CashbackApp program may be traced to at least 2015.
In the end, CashbackApp failed both as a startup and as a company.
Smear created Vow at the beginning of 2019 after reinventing himself as a crypto bro.
A vow is just a CashbackApp reboot that accepts cryptocurrencies.
Through Enigmatic Smile, a UK shell business created by Smeir, both CashbackApp and Vow may be white branded.
Naturally, Vow likewise failed and was practically extinct until June 2022.
At this point, Smear had just started The Last Network.
The top three countries from which visitors come to Vow’s website are Germany (39%), the US (13%), and Austria (11%), as seen in the similar web traffic graph above.
Joerg D. Wittke, also known as Jörg Wittke, is in charge of promoting The Last Network in German-speaking nations. He is thought to be an Austrian citizen.
Wittke’s “leadership” in the BitClub Network is his MLM claim to fame.
Ponzi scam BitClub Network was worth $722 million. The co-founders of BitClub Network were detained by the DOJ in December 2019.
Wittke identifies himself as
Leader of the Bitclub and creator of the Centurion Club, one of the organization’s most prosperous teams.
Up until June 2019, Wittke was advertising BitClub Network.
It is unknown how much Wittke stole through the Ponzi scam.
Around September 2019, Wittke started promoting the Jubilee Ace Ponzi scam after BitClub Network. Early in 2021, Jubilee Ace went down.
Ace Wittke pushed the HyperFund Ponzi to Germans after Jubilee.
Late in 2021, HyperFund failed. The three relaunch Ponzis that came after were a shambles.
A vow is registered as a shell corporation in Jersey, an offshore French territory that encourages fraud.
Glasgow, Scotland, is where Vow and The Last Network are truly run out of, and it is thought that Bish Smeir is located there.
Joerg Wittke is headquartered in Dubai, the global epicenter of MLM crime.
To learn more about the MLM opportunity offered by The Last Network, continue reading.
Products from The Last Network
There are no sellable goods or services offered by The Last Network.
The Last Network affiliate membership itself is the only thing that affiliates may promote.
The Compensation Plan for The Last Network
Affiliates of The Last Network contribute tether (USDT) or Ethereum (ETH) to VOW.
The Last Network then parks invested in VOW. Invested VOW is converted into “LP Tokens” by The Last Network.
On invested LNT tokens, The Last Network then provides a least 4% monthly ROI, paid for 367 days in its own LNT shit coin.
Keep in mind that The Last Network affiliates must match or surpass their prior investment amount when reinvested.
The Last Network’s MLM division compensates for the recruitment of affiliate investors.
The Most Recent Affiliate Network Ranks
The Last Network’s pay structure has two tiers: Bonus ranks and Commission ranks.
Ranks in Commission
There are two Commission ranks in The Last Network:
LP – less than $10,000 in investment
Bonus Ranks for Qualified LPs who invest more than $10,000
There are seven Bonus Ranks in The Last Network:
One Star: $100,000 in revenue
Two Star: $250,000 in revenue
Three Stars: $500 000 in revenue
Four Star: $1,000,000 in earnings
Earn $2,500,000 as an ambassador.
Vice President: $5,000,000 salary
President: $10,000,000 in income
It’s not clear if earned numbers include ROI payments or if MLM commissions are also included.
However, The Last Network records active investment in cryptocurrency equivalents, even though the quantities mentioned above are in USD.
The Last Network uses a unilevel compensation system to pay referral commissions.
An affiliate is put at the head of a unilevel team in a unilevel pay system, and each affiliate they recruited is positioned immediately under them (level 1):
New affiliates brought on by any level 1 affiliates are added to the original affiliate’s unilevel team at level 2.
If any level 2 affiliates bring on new affiliates, they are promoted to level 3, and so on down a theoretically endless number of levels.
Referral commissions are paid as a portion of the VOW that the unilevel team has invested.
Rank determines how many tiers referral commissions are paid on:
ranking affiliates by LP
20% on level 1 for LPs who have made at least a $500 investment and attracted at least one affiliate (personally recruited affiliates)
20% on level 1 and 15% on level 2 for LPs who have contributed at least $500 and brought on at least two affiliates.
LPs with a minimum investment of $500 and a minimum of three affiliates recruited (20% on level 1, 15% on level 2, 10% on level 3, and 5% on level 4)
Affiliates rated by qualified LP
20% on level 1 for qualified LPs who have brought on one affiliate.
two affiliates, 20% on level 1 and 15% on level 2, from qualified LPs
LPs who are qualified and have brought on three affiliates (20% on level 1, 15% on level 2, and 10% on level 3) are eligible.
LPs that have met the criteria and brought on four affiliates (20% on level 1, 15% on level 2, 10% on level 3, and 5% on level 4) are qualified.
LPs who have met the criteria and brought on five affiliates (20% on level 1, 15% on level 2, 10% on level 3, and 5% on levels 4 and 5) are qualified.
six affiliates, with 20% on level 1, 15% on level 2, 10% on level 3, and 5% on levels 4 to 6, from qualified LPs.
the following qualified LPs: 20% on level 1, 15% on level 2, 10% on level 3, 5% on levels 4 to 6, and 2% on level 7; qualified LPs with seven affiliates recruited.
eight affiliates, with 20% on level 1, 15% on level 2, 10% on level 3, 5% on levels 4 through 6, and 2% on levels 7 and 8, from qualified LPs.
Nine affiliates were brought in by qualified LPs, with 20% coming from level 1, 15% from level 2, 10% from level 3, 5% from levels 4 to 6, and 2% from levels 7 to 9.
10% on level 3, 20% on level 1, 15% on level 2, 5% on levels 4 to 6, and 2% on levels 7 to 10, according to qualified LPs who have brought in ten affiliates.
LPs who are qualified who have brought on eleven affiliates: 20% on level 1, 15% on level 2, 10% on level 3, 5% on levels 4 to 6, and 2% on levels 7 to 11 LPs who are qualified who have brought on twelve affiliates: 20% on level 1, 15% on level 2, 10% on level 3, 5% on levels 4 to 6, and 2% on levels 7 to 12 LPs who are qualified who have brought on thirteen affiliates: 20% on level 1, 15% on level 2, 10% on level 3, 5% on levels 4
20% on level 1, 15% on level 2, 10% on level 3, 5% on levels 4 to 6, 2% on levels 7 to 15, and 1% on levels 16 to 20 of qualified LPs who have hired twenty affiliates.
Keep in mind that referral fees from The Last Network are paid out in LP tokens.
Bonus for Rank Achievement
The Last Network pays affiliates that achieve One Star or higher qualifications:
Earn $10,000 for qualifying at One Star, $15,000 for qualifying at Two Star, $25,000 for qualifying at Three Star, $50,000 for qualifying at Four Star, $150,000 for qualifying at Ambassador, $250,000 for qualifying at Vice President, and $500,000 for qualifying at President.
Taking Part in The Last Network
It appears that joining The Last Network as an affiliate is free.
The associated MLM opportunity requires a minimum investment of $500 in USDT or ETH to participate.
The Final Network Verdict
The Last Network is a classic MLM cryptocurrency Ponzi scam that was started to save an otherwise failing company.
Affiliates of The Last Network invest in tether and Ethereum under the pretense of “staking” (investment) and “yields” (returns).
On the promise of a monthly ROI, this is done. The outcome is early The Last Network associates withdrawing later deposited bitcoin thanks to a complicated system of internal crap tokens.
The Last Network’s marketing strategy refers to Bish Smeir’s unsuccessful Vow cashback platform.
Vow has nothing to do with The Last Network’s investment or profits when looking at the flow of money. A closed-loop system called The Last Network uses freshly invested cryptocurrency to pay off prior investors.
Monthly passive profits from The Last Network certainly qualify as a securities offering in terms of regulations.
In no jurisdiction is Vow, The Last Network, Bish Smear, or Joerg D. Wittke authorized to offer securities.
This implies that The Last Network, Smear, Wittke, and the other promoters are, at the very least, engaging in securities fraud.
The co-founders of BitClub Network were charged with wire and securities fraud.
As with all MLM Ponzi scams, the fresh investment will cease as soon as affiliate recruiting does.
The Last Network will ultimately collapse as a result of being unable to pay out withdrawal requests (masquerading as trading VOW and the other TLN crap tokens on the open market).
Ponzi scheme logic makes it inevitable that most investors lose money.
One merely needs to consider every Ponzi scheme that Joerg Wittke has ever pushed to see more evidence of this.
Wittke and The Last Network insiders set themselves apart from the prelaunch trolls before prelaunch began in June 2022.
As indicated prelaunch rubes, new investors are now being sought for. Public launch activities will be held by The Last Network in December 2022.