Edain works in the Bitcoin MLM industry. The corporation gives a Swiss corporate address for “Edain Technologies AG.”
Co-founders Hardy F. Schloer, Adela Fofiu, and Mihai Spariosu lead Edain.
None of Edain’s co-founders appear to have a background in MLM.
Hardy Schloer is a German national who works with Schloer Consulting Group, Raven Pack, and Prisma Analytics.
Schloer’s businesses have nothing to do with Edain’s MLM opportunity other than to provide marketing points.
Schloer became active with bitcoin abin017 after the usual succession of unsuccessful ideas that didn’t go anywhere:
Edain is the climax of Schloer’s blockchain bro adventure.
Adela Fofiu is a Romanian native who holds a doctorate in sociology.
Yes, that’s all. Moving on…
Another academic is Mihai Spacious. He died in August at the age of 77, so I’m not sure why Edain mentions him as a co-founder.
On July 14th, 2021, Edain’s website domain (“edain.ai”) was registered.
The domain is owned by “RO34212954”, who has an address in Romania. This looks to be a sham company or false information.
At the time of publishing, Alexa ranked Ukraine as the sole significant source of traffic (46%).
Continue reading for an in-depth examination of Edain’s MLM potential.
Products by Edain
Edain offers no retailable goods or services.
Affiliates can only promote the Edain affiliate membership.
Edain’s Compensation Strategy
Edain affiliates buy EAI tokens with the expectation of a 10% yearly return.
Edain packages are used for investment:
$199 for Package 1
Package 2 costs $499.
Package 3 costs $899.
Package 4 costs $1499.
Package 5 costs $2300.
Package 6 costs $5000.
Package 7 costs $10,000.
Edain’s MLM potential is based on the acquisition of new affiliate investors.
Edain Affiliate Positions
Edain’s pay scheme has sixteen affiliate positions.
They are as follows, along with their respective qualification criteria:
Iron – each month, create $500 in binary team investment volume ($250 in weaker side volume).
Bronze – each month, create $1000 in binary team investment volume ($500 in weaker side volume).
Silver – create $2000 in binary team investment volume every month ($1000 on the weaker side).
Gold generates $5000 in binary team investment volume every month ($2500 in weaker side volume).
Platinum – create $10,000 in binary team investment volume every month ($5000 in weaker side volume).
Topaz – create at least $40,000 in yearly binary team volume (minimum $16,000 in weaker side traffic) and recruit and retain two Gold or higher ranking affiliates.
Sapphire – create at least $80,000 in yearly binary team volume (minimum $32,000 in weaker side traffic) and recruit and retain two Platinum or higher ranking affiliates.
Ruby – create at least $120,000 in yearly binary team volume (minimum $48,000 in weaker side traffic) and recruit and retain two Topaz or higher-ranking affiliates.
Emerald – create at least $160,000 in yearly binary team volume (minimum $64,000 in weaker side traffic) and recruit and retain two Sapphire or higher-ranking affiliates.
Diamond – create at least $600,000 in yearly binary team volume (minimum $240,000 in weaker side traffic) and recruit and retain two Diamond or higher ranking affiliates.
Blue Diamond – create $500,000 in binary team investment volume every month ($200,000 in weaker side volume) and at least $1,500,000 in yearly binary team volume (minimum $600,000 in weaker side volume).
Black Diamond – create $1,000,000 in binary team investment volume every month ($400,000 in weaker side volume) and at least $3,000,000 in yearly binary team volume (minimum $1,200,000 in weaker side volume).
Crown Diamond – create at least $2,000,000 in binary team investment volume per month ($8,000,000 in weaker side volume) and at least $6,000,000 in yearly binary team volume (minimum $2,400,000 in weaker side volume).
Ambassador – create $5,000,000 in binary team investment volume every month ($2,000,000 in weaker side volume) and at least $20,000,000 in yearly binary team volume (minimum $8,000,000 in weaker side volume).
Regal Ambassador – create $10,000,000 in binary team investment volume for a month ($4,000,000 in weaker side volume) and at least $40,000,000 in yearly binary team volume (minimum $16,000,000 in weaker side volume).
Crown Ambassador – create at least $80,000,000 in yearly binary team volume (minimum $32,000,000 in weaker side volume) and $20,000,000 in monthly binary team investment volume ($8,000,000 in weaker side volume).
Commissions for Recommendation
On monies invested by personally recruited affiliates, Edain affiliates get a 10% commission.
Recurring Commissions (binary)
Edain pays residual commissions with a binary compensation scheme that positions an affiliate at the top of a binary team divided by 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).
As needed, subsequent levels of the binary team are constructed, with each successive level containing twice as many spots as the preceding level.
Positions on the binary team are filled through direct and indirect affiliate recruiting. It should be noted that there is no limit to how deep a binary team may develop.
Edain totals fresh investment volume on both sides of the binary team after each week.
On volume created on the weaker binary team side, a 7% commission is paid.
Edain limits payable weekly volume based on the amount invested by an Edain affiliate:
Iron to Platinum ranking volume is capped at $4000 per week for Package 1 affiliates and $5000 for Package 7 affiliates.
Topaz ranking volume is capped at $8000 per week for Package 1 affiliates and $10,000 for Package 7 affiliates.
Sapphire ranking volume is limited to $11,000 per week for Package 1 tier affiliates and $13,000 for Package 7 tier affiliates.
Ruby’s ranking volume is limited to $13,000 per week for Package 1 tier affiliates and $16,000 for Package 7 tier affiliates.
Emerald ranking volume is limited to $16,000 per week for Package 1 tier affiliates and $19,000 for Package 7 tier affiliates.
Diamond ranking volume is limited to $19,000 per week for Package 1 tier affiliates and $23,000 for Package 7 tier affiliates.
Blue Diamond ranking volume is capped at $21,000 per week for Package 1 affiliates and $26,000 for Package 7 affiliates.
Black Diamond ranking volume is capped at $24,000 per week for Package 1 affiliates and $29,000 for Package 7 affiliates.
Crown Diamond ranking volume is capped at $27,000 per week for Package 1 affiliates and $32,000 for Package 7 affiliates.
Ambassador ranking volume is limited to $30,000 per week for Package 1 tier affiliates and $36,000 for Package 7 tier affiliates.
Regal Ambassador rated volume is limited to $35,000 per week for Package 1 affiliates and $43,000 for Package 7 affiliates.
Crown Ambassador ranking volume is capped at $41,000 per week for Package 1 affiliates and $50,000 for Package 7 affiliates.
There must be a scale somewhere between packages 1 and 7. However, this is not mentioned in Edain’s formal compensation papers.
Edain uses the following calculation to compute carry-over volume:
Left side volume minus (right side volume /2) Equals carry-over volume on the left side
To compute the right side carry-over volume, the left and right sides are flipped.
Bonus for Matching
Edain matches the residual commissions generated by downline affiliates.
A unilevel compensation system is used to track the Matching Bonus.
In a unilevel compensation system, an affiliate is put at the head of a unilevel team, with every individually recruited affiliate placed right under them (level 1):
If any level 1 affiliates acquire new affiliates, they are assigned to the original affiliate’s unilevel team at level 2.
If any level 2 affiliates recruit new affiliates, they are promoted to level 3, and so on for an unlimited number of levels.
Edain limits the Matching Bonus to seven different levels dependent on rank:
Affiliates with a Topaz ranking receive a 10% match on level 1. (personally recruited affiliates)
Affiliates with a Sapphire ranking get a 10% match on level 1 and a 7% match on level 2.
Affiliates with a Ruby ranking get a 10% match on level 1, a 7% match on level 2, and a 5% match on level 3.
Emerald-ranked affiliates receive a 10% match on level 1, a 7% match on level 2, and a 5% match on levels 3 and 4.
Diamond-level affiliates receive a 10% match on level 1, a 7% match on level 2, and a 5% match on levels 3–5.
Blue Diamond affiliates get a 10% match on level one, a 7% match on level two, and a 5% match on levels three through six.
Affiliates with a Black Diamond or higher ranking get a 10% match on level one, a 7% match on level two, and a 5% match on levels three through seven.
Bonus for Rank Achievement
Edain offers the following one-time Rank Achievement Bonuses to affiliates that qualify at Topaz or higher:
Topaz qualifiers will receive a “silver ticket” to an Edina yearly event.
qualify for a free Apple iPad Pro at Sapphire
qualify at Ruby for a Montblanc Stift pen
If you qualify at Emerald, you will receive an “IMPulse” mobile phone and a “BASM laptop.”
qualify at Diamond and earn a $10,000 “Diamond cruise for two”
Qualify at Blue Diamond and get a $20,000 Hublot watch
Qualify at Black Diamond and get a $60,000 Maserati or Mercedes-Benz.
At Crown Diamond, you may qualify for a $150,000 Mercedes Benz or Aston Martin.
Qualification at Ambassador and win a $250,000 condo in Dubai
qualify for Regal Ambassador and win a $400,000 property in Dubai
qualify for Crown Ambassador and earn a $700,000 luxury boat
Edain is joining us.
The initial investment for Edain affiliate membership ranges from $199 to $10,000:
$199 for Package 1
Package 2 costs $499.
Package 3 costs $899.
Package 4 costs $1499.
Package 5 costs $2300.
Package 6 costs $5000.
Package 7 costs $10,000.
The amount of money an Edain affiliate invests has a direct influence on their earning potential.
Conclusion by Edain
Edain is your run-of-the-mill shittoken Ponzi scam.
The EAI coin is an ERC-20 token. These take around five minutes to put up and are quite inexpensive.
Edain began selling EAI to affiliate investors for 10 cents apiece in late September.
EAI is now priced at 20 cents per share, with a $1 limit set for next March.
Edain’s Ponzi scam is disguised as an AI technology pitch.
EDAIN is a functional big data analytics solution driven by AI. Its objective is to autonomously collect and analyze as much raw, n-dimensional data as possible from the global atmosphere to create new knowledge at a rate never before accomplished by humans (or machines).
EDAIN captures and processes massive amounts of data from thousands of various sources using a unique proprietary data model called C+8 Technology.
There is nothing that cannot be accomplished without the use of a blockchain or EAI coins.
So, what is the rationale behind the EAI investing scheme?
The same reason as the others:
The STAKING feature is provided with a 10% yearly interest to motivate EAI holders.
Edain’s Ponzi scheme is powered by a smart contract, which was released on September 29th.
It’s as simple as staking them. Edain uses a 10% yearly interest rate.
Edain is selling assets to the public by conducting an MLM passive investment opportunity.
Edain has failed to produce proof that its securities offering has been registered with financial regulators in any jurisdiction.
This suggests Edain is, at the very least, committing securities fraud.
Edain is a Ponzi scheme since investment in EAI and subsequent withdrawal is a closed-loop mechanism.
You sign up, invest in Edain’s EAI tokens, acquire additional tokens according to how much you invest, and cash out other people’s money.
Edain’s MLM side operates as a pyramid scheme because nothing is offered or sold to retail clients.
As with other MLM Ponzi schemes, once affiliate recruiting is exhausted, the fresh investment will dry up.
This will deprive Edain of ROI revenue, resulting in a collapse.
Ponzi schemes’ logic ensures that when they fail, the vast majority of participants lose money.
Edain plans to dump its EAI token on shady public exchanges in March.
If Edain survives that long, the public exchange exit scam will begin.
EAI will quickly depreciate to zero, leaving the majority of investors with yet another worthless MLM Ponzi token.
