Twindax provides no verifiable information on its website about who owns or runs the company.

On the contact page of Twindax’s website these two photos appear:

Chris Walker and Ashton Taylor don’t exist outside of Twindax. This suggests the photos used are either stolen from social media or computer generated.

In the news section of Twindax’s website there’s an April 12th “News Conference” entry.

Dear clients of the company!

On April 30, 2021, the company will organize the first online conference.

The company’s development plans for 2021 will be announced at the conference.

Schedule of the following events, as well as disclosure of the main concepts of the company. Disclosure of the main marketing strategy.

Conference hosts: CEO Chris Walker and Ashton Taylor.

Doesn’t look like that conference went ahead, for what should be obvious reasons.

Twindax’s website domain (“twindax.com”) was privately registered on March 25th, 2021.

In an attempt to appear legitimate, Twindax provides an ASIC certificate for Twindax Pty Ltd.

ASIC are known for non-regulation of MLM fraud. Furthermore anyone can register a company with ASIC using whatever bogus details, there is no verification.

For this reason ASIC registration is favored by scammers residing outside of Australia.

With respect to MLM due-diligence, ASIC registration certificate as proof of legitimacy is therefore meaningless.

In addition to the ASIC certificate, Twindax provides a corporate address in Australia.

This address belongs to Regus, a third-party company selling virtual office addresses.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

Twindax’s Products

Twindax has no retailable products or services, with affiliates only able to market Twindax affiliate membership itself.

Twindax’s Compensation Plan

Twindax affiliates invest USD, BTC or ETH on the promise of advertised returns.

USD

  • Classic USD1 – invest $20 to $500 and receive 130% over 15 days
  • Classic USD2 – invest $500 to $1000 and receive 144% over 20 days
  • Classic USD3 – invest $1000 to $2500 and receive 160% over 25 days
  • Classic USD4 – invest $2500 to $5000 and receive 181% over 30 days
  • Classic USD5 – invest $5000 to $10,000 and receive 205% over 35 days
  • Advanced USD1 – invest $2000 to $15,000 and receive 400% over 100 days
  • Advanced USD2 – invest $15,000 to $50,000 and receive 450% over 100 days
  • Advanced USD3 – invest $50,000 to $100,000 and receive 500% over 100 days
  • Advanced USD4 – invest $100,000 to $250,000 and receive 550% over 100 days
  • Advanced USD5 – invest $250,000 to $1,000,000 and receive 600% over 200 days
  • Advanced USD6 – invest $1,000,000 to $100,000,000 and receive 700% over 100 days
  • Mega USD – invest $20 to 1,000,000 and receive 800% over 100 days

BTC

  • Classic BTC1 – invest 0.001 to 0.5 BTC and receive 140% over 20 days
  • Classic BTC2 – invest 0.5 to 2 BTC and receive 172% over 30 days
  • Classic BTC3 – invest 2 to 10 BTC and receive 235% over 45 days
  • Advanced BTC1 – invest 0.1 to 1 BTC and receive 400% over 100 days
  • Advanced BTC2 – invest 1 to 3 BTC and receive 500% over 100 days
  • Advanced BTC3 – invest 3 to 10 BTC and receive 600% over 100 days
  • Mega BTC – invest $0.001 to 100 BTC and receive 800% over 100 days

ETH

  • Classic ETH1 – invest 0.1 to 5 ETH and receive 140% over 20 days
  • Classic ETH2 – invest 5 to 20 ETH and receive 172% over 30 days
  • Classic ETH3 – invest 20 to 50 ETH and receive 235% over 45 days
  • Classic ETH1 – invest 5 to 50 ETH and receive 400% over 100 days
  • Classic ETH2 – invest 50 to 100 ETH and receive 500% over 100 days
  • Classic ETH3 – invest 100 to 1000 ETH and receive 600% over 100 days
  • Mega ETH – invest 0.05 to 3000 ETH and receive 2500% over 200 days

Twindax Affiliate Ranks

There are nine affiliate ranks within Twindax’s compensation plan.

Along with their respective qualification criteria, they are as follows:

  • Beginner – sign up as a Twindax affiliate
  • Beginner+ – generate $10,000 in downline investment volume
  • Manager – generate $25,000 in downline investment volume
  • Partner – generate $50,000 in downline investment volume
  • Gold Partner – generate $100,000 in downline investment volume
  • Shareholder – generate $500,000 in downline investment volume
  • Silver Director – generate $1,000,000 in downline investment volume
  • Gold Director – generate $3,000,000 in downline investment volume
  • Diamond Director – generate $5,000,000 in downline investment volume

Referral Commissions

Twindax pays referral commissions via a unilevel compensation structure.

A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):

If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.

If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.

Twindax caps payable unilevel team levels at ten.

Referral commissions are paid as a percentage of funds invested across these ten based on rank:

  • Beginners earn 8% on level 1 (personally recruited affiliates), 5% on level 2 and 1% on levels 3 to 10
  • Beginner+s earn 8% on level 1, 6% on level 2 and 1% on levels 3 to 10
  • Managers earn 9% on level 1, 6% on level 2, 2% on level 3 and 1% on levels 4 to 10
  • Partners earn 11% on level 1, 7% on level 2, 2% on level 3 and 1% on levels 4 to 10
  • Gold Partners earn 12% on level 1, 7% on level 2, 3% on level 3 and 1% on levels 4 to 10
  • Shareholders earn 14% on level 1, 9% on level 2, 3% on level 3 and 1% on levels 4 to 10
  • Silver Directors earn 15% on level 1, 10% on level 2, 3% on level 3, 2% on level 4 and 1% on levels 5 to 10
  • Gold Directors earn 17% on level 1, 12% on level 2, 3% on level 3, 2% on level 4 and 1% on levels 5 to 10
  • Diamond Directors earn 20% on level 1, 12% on level 2, 3% on level 3, 2% on level 4 and 1% on levels 5 to 10

Rank Achievement Bonus

Twindax rewards affiliates for qualifying at Manager and higher with the following Rank Achievement Bonuses:

  • qualify at Manager and receive $500
  • qualify at Partner and receive $1000
  • qualify at Gold Partner and receive $2000
  • qualify at Shareholder and receive $3000
  • qualify at Silver Director and receive $15,000
  • qualify at Gold Director and receive $40,000
  • qualify at Diamond Director and receive $300,000

Joining Twindax

Twindax affiliate membership is free.

Full participation in the attached income opportunity however requires a minimum $20, 0.001 BTC or 0.1 ETH investment.

Conclusion

Twindax is a low effort cookie-cutter Ponzi scheme.

The company claims to generate external revenue through “proprietary trading algorithms”.

Naturally no evidence of these algorithms exist. Nor has Twindax filed any audited financial reports with ASIC or any other financial regulator.

Furthermore Twindax’s business model fails the Ponzi logic test.

Anyone capable of legitimately generating 800% over 100 days isn’t selling access for $20. They’d be quietly compounding and retire as the richest person on the planet in a few years.

The only verifiable source of revenue entering Twindax is new investment.

Using new investment to pay existing affiliate investors daily returns makes Twindax a Ponzi scheme.

As with all MLM Ponzi schemes, once affiliate recruitment runs dry so too will new investment.

This will starve Twindax of ROI revenue, eventually prompting a collapse.

The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.



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