Forsage XGold is part of Lado Okhotnikov’s stable of Forsage branded Ponzi schemes.
According to his Facebook profile, Okhotnikov is based out of Moscow, Russia.
Okhotnikov (right) describes himself as “the king of decentralized MLM”.
“Decentralized MLM” being code for crypto Ponzi schemes.
Launched in April 2020, by September or so Forsage had gone into decline.
This prompted Lado to launch Fortron, the same smart-contract Ponzi recycled with TRON.
After publishing our Forton review last September, I figured that was the end of Okhotnikov’s smart-contract recycling.
Recently however I was contacted by a reader informing me they’d been pitched on new Forsage spinoffs.
Today we’re looking at Okhotnikov’s fourth Forsage company; Forsage XGold.
Forsage XGold’s Products
Forsage XGold has no retailable products or services, with affiliates only able to market Forsage XGold affiliate membership itself.
Forsage XGold’s Compensation Plan
Forsage XGold affiliates invest 200 to 1,300,000 TRX on the promise of a 1020% ROI.
Forsage XGold calculates returns through a 2×4 matrix cycler.
A 2×4 matrix places an affiliate at the top of a level, with two positions directly under them:
These two positions form the first level of the matrix. The second level of the matrix is generated by splitting these first two positions into another two positions each (4 positions).
Levels three and four of the matrix are generated in the same manner, with each new level housing twice as many positions as the previous level.
Each 200 TRX buy-in creates a new position on the first matrix cycler tier.
Positions in the matrix are filled by subsequent 200 TRX position investments.
The split of funds across the 2×4 matrix is as follows:
- level 1 (2 positions) – 100% of the buy-in is passed upline to the affiliate who recruited you
- level 2 (4 positions) – 20% of the buy-in is kept
- level 3 (8 positions) – 30% of the buy-in is kept
- level 4 (16 positions) – 50% of the first fourteen position buy-ins is kept, the remaining two positions are used to fund a new Xgold cycler position on the same tier
There are fifteen Forsage XGold cycler tiers, the math works out the same across all of them:
- Tier 1 (detailed above) – 200 TRX
- Tier 2 – 400 TRX
- Tier 3 – 600 TRX
- Tier 4 – 1600 TRX
- Tier 5 – 3200 TRX
- Tier 6 – 6400 TRX
- Tier 7 – 12,800 TRX
- Tier 8 – 29,600 TRX
- Tier 9 – 51,200 TRX
- Tier 10 – 100,000 TRX
- Tier 11 – 200,000 TRX
- Tier 12 – 500,000 TRX
- Tier 14 – 800,000 TRX
- Tier 15 – 1,300,000 TRX
Joining Forsage XGold
Forsage XGold affiliate membership starts at 200 TRX.
Full participation in Forsage XGold costs 3,006,000 TRX.
Rather than adopt the gifting model of previous Forsage iterations, Forsage XGold is more of a pyramid scheme approach.
The end result is the same though, with a set percentage paid out each matrix cycle.
That slight difference aside, Forsage XGold is a continuation of Lado Okhotnikov’s Ponzi scamming.
Tron goes in, Okhotnikov takes most of it through admin positions in the upper tiers, recruitment collapses, sorry for your loss.
Looking forward it seems Okhotnikov’s next Forsage Ponzi will run on “Binance Smart Chain”.
As stated by Okhotnikov in the above Facebook video;
Since at the moment Binance Smart Chain surpasses all other networks, including ethereum, in activity, you can imagine what a furor the launch of Forsage will cause.
Like Forsage’s transition from ethereum to tron; new vehicle, same Ponzi scam.
Footnote: This review is part of a series documenting Lado Okhotnikov’s Forsage Ponzi schemes.
To date that includes: