Steady Swap Evaluate: MLM crypto Ponzi scheme


Steady Swap fails to supply possession or govt particulars on its web site.

Steady Swap’s web site area (“stableswap.dwell”), was privately registered on October twenty sixth, 2023.

A hyperlink on Steady Swap’s web site takes us to its official YouTube channel.

There we discover movies in Taglish, a mix of Tagalog and English. Taglish is primarily used within the Philippines.

Steady Swap advertising and marketing movies are hosted by Pat Gallardo:

Gallardo has his personal YouTube channel, on which Steady Swap advertising and marketing movies have additionally been uploaded.

Earlier than Steady Swap, circa September 2023, Gallardo was selling Swych.

That appears to have lasted about 5 months. The primary Steady Swap advertising and marketing went up on January ninth, 2024.

As of March 2024, SimilarWeb tracked prime sources of site visitors to Steady Swap’s web site because the Philippines (71%) and Australia (23%).

As all the time, if an MLM firm shouldn’t be overtly upfront about who’s operating or owns it, suppose lengthy and laborious about becoming a member of and/or handing over any cash.

Steady Swap’s Merchandise

Steady Swap has no retailable services or products.

Associates are solely in a position to market Steady Swap affiliate membership itself.

Steady Swap’s Compensation Plan

Steady Swap associates make investments USD equivalents in cryptocurrency.

That is achieved on the promise of marketed returns:

  • Quick Time period – as much as 0.1% a day for 60 days
  • Medium Time period – as much as 0.2% a day for 120 days
  • Lengthy Time period – as much as 0.35% a day for 300 days

Be aware that Steady Swap don’t specify a minimal funding quantity.

The MLM aspect of Steady Swap pays on recruitment of affiliate buyers.

Referral Commissions

Steady Swap pays referral commissions on invested cryptocurrency down three ranges of recruitment (unilevel):

  • degree 1 (personally recruited associates) – 5%
  • degree 2 – 2%
  • degree 3 – 1%

ROI Match

Steady Swap pays a ten% match on dails returns paid to personally recruited associates.

Becoming a member of Steady Swap

Steady Swap affiliate membership is free.

Full participation within the connected revenue alternative requires an funding in cryptocurrency.

Steady Swap solicits funding in tether (USDT) and USD Coin (USDC).

Steady Swap Conclusion

Steady Swap represents it generates exterior income by way of “charge sharing”.

We provide engaging APRs (Annual Share Charges) and Referral Rewards by means of our enterprise mannequin, which relies on charge sharing.

No verifiable proof of Steady Swap utilizing charges of any sort of any sort to pay ROI withdrawals is supplied.

An instance of a verifiable proof could be audited monetary reviews filed with monetary regulators in nations Steady Swap solicits funding in.

Primarily based on its web site site visitors, this could be the Philippines SEC and Australian Securities and Investments Fee (ASIC).

Steady Swap fails to supply proof it has registered with both, that means the corporate is committing securities fraud.

That is primarily based on Steady Swap’s passive returns funding alternative, which in any nation with a regulated monetary market constitutes a securities providing.

As an alternative of registering with monetary regulators and offering audited monetary reviews, Steady Swap affords up baloney about “Topjuan Tech”.

First off legitimacy by way of affiliation isn’t a factor. Topjuan Tech doesn’t absolve Steady Swap from its authorized necessities with respect to securities legislation.

Secondly, Topjuan Tech isn’t registered with the Philippine SEC.

Topjuan Tech operates from the area “topwallet.ph”. I can’t inform you when the area was registered as a result of the registrar’s web site is down at time of publication (“dot.ph”).

Nonetheless by means of Prime Pockets, Topjuan Tech offers service provider cost processor providers.

Because it stands, the one verifiable income coming into Steady Swap is new funding.

Utilizing new funding to pay ROI withdrawals would make Steady Swap a Ponzi scheme. With nothing marketed or bought to retail clients, the MLM aspect of Steady Swap moreover operates as a pyramid scheme.

Such to the extent any relationship between TopJuan Tech and Steady Swap exists, it seems to solely be for cash laundering functions.

As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.

This may starve Steady Swap of ROI income, ultimately prompting a collapse.

The mathematics behind Ponzi schemes ensures that after they collapse nearly all of contributors lose cash.



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