Third Mavie International Ponzi spinoff

FlipMe operates within the cryptocurrency MLM area of interest.

The corporate web site area (“”), was first registered in 2016. The non-public registration was final up to date on October twelfth, 2023.

By way of the WayBack Machine we will see there was nothing on the area as of September 2023. This means the area was bought on or across the October 2023 registration replace.

There isn’t a point out of Mavie International or CEO Michal Prazenica on FlipMe’s web site.

FlipMe nevertheless is introduced as the newest spinoff on Mavie International’s web site:

FlipMe markets itself as a

globally accessible fee app & card resolution designed to deliver conventional & crypto funds, to everybody, in every single place.

On its web site FlipMe markets branded MasterCard debit playing cards, which it claims customers can use to transform crypto on the fly into fiat.

On social media, FlipMe markets pay as you go Visa playing cards bought by way of Large, a US firm based mostly out of New York.

Some of these setups aren’t new. They’re sometimes achieved by way of shell firms with unassuming names hooked up to a dodgy fee processor.

One other angle FlipMe takes is presenting itself as a banking different:

FlipMe fails to supply proof it has a banking license in any jurisdiction on its web site. Ditto Mavie International.

This nevertheless is secondary to FlipMe’s securities fraud, which takes place by way of their “Cost Hub NFTs”.

Cost Hub NFTS are tether funding positions by way of which FlipMe pitches traders on returns of as much as 1000%.

  • Trendy Residence – make investments 100 USDT and obtain 200 USDT
  • Tropical Seashore Home – make investments 300 USDT and obtain 900 USDT
  • Skyline Penthouse – make investments 500 USDT and obtain 2000 USDT
  • Luxurious Villa – make investments 1500 USDT and obtain 7500 USDT
  • Royal Mansion – make investments 5000 USDT and obtain 30,000 USDT
  • Plaza Resort – make investments 12,500 USDT and obtain 87,500 USDT
  • Crystal Skyscraper – make investments 30,000 USDT and obtain 240,000 USDT
  • Dream Fort – make investments 50,000 USDT and obtain 450,000 USDT
  • Paradise Island – make investments 100,000 USDT and obtain 1,000,000 USDT

ROI charges aren’t disclosed however FlipMe does state Mavie International traders will obtain “each day payouts”.

Underneath US regulation and nations with regulated monetary markets, FlipMe’s passive returns funding scheme constitutes a securities providing.

FlipMe fails to supply proof it has registered its Cost Hub NFT funding scheme with monetary regulators in any jurisdiction.

As of February 2024, SimilarWeb tracked prime sources of FlipMe web site visitors because the Czech Republic (12%), Malaysia (11%), Canada (10%), the UAE (8%) and Russia (7%).

Apart from the UAE, securities are regulated in every of those nations.

As an alternative of complying with monetary legal guidelines and working legally, FlipMe makes “streams of revenue” claims customers are unable to confirm.

Such advertising and marketing is meaningless when FlipMe is demonstrably committing securities fraud.

Together with the unique Ultron ULX funding scheme, FlipMe marks the third Mavie International spinoff.

  • LottoDay launched in mid 2023 and pitched traders on 800% returns by way of “Gaming Hub NFTs”
  • 369X launched in late 2023 and pitched traders on 12% annual returns by way of its VIBRA/369T shit tokens

Since launching, each LottoDay and 369X seem to have collapsed.

For February 2024, SimilarWeb tracked simply ~25,800 month-to-month visits to LottoDay’s web site (down 85% month on month). Site visitors 369X’s web site was so low it wasn’t tracked.

Mavie International’s personal web site visitors has been in decline all through 2024.

Given the one factor that differentiates FlipMe from the numerous “convert your crypto into fiat” card choices is its NFT funding scheme, it’s probably it too will flop as soon as die-hard Mavie International traders have been rinsed.

What number of spinoffs Mavie International can launch earlier than they too cease pumping cash into short-lived spinoffs stays to be seen.

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