Obtanix Review : Obvious SCAM Or Legit Business?
Obtanix is a company that has been receiving a lot of hype in the online business sector lately.
Therefore, you might have come across it more than once by now.
It is a new venture which is getting lots of buzz, especially on social media.
However, before investing in this company, it is wise to learn about it in order to ensure that your hard-earned money is properly and safely invested.
Below is an Obtanix Review that gives you all the information you need for you to make an informed investment decision.
Therefore, let’s find out if Obtanix is legit or scam…
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What is Obtanix?
Obtanix is an MLM scheme with a domain name obtanix.com which was registered on 19th August 2016.
In 10th May 2017, this company’s domain was updated.
The owner of Obtanix Holdings APS is Darin Hadwin, who has an address in Copenhagen, Denmark.
The only available connection between the company and its owner is the domain registration.
Apart from this, there is no third party information about Darin Hadwin available online.
Alvey Gomer is the CEO listed under the company’s website.
Apart from being registered as the company’s CEO, there is no available information about this person both on the company’s website and on third-party websites.
The better part of the company’s traffic comes from two sources all over the world.
That is Bangladesh, which accounts for just 1% of the company’s traffic and India, which interestingly accounts for 61% of the company’s traffic.
In June 2017, Obtanix advertised a job opportunity on Upwork and listed the company’s location to be in Jakarta, Indonesia.
This implies that whoever runs this company must be from Indonesia or India.
It is critical to note that there are 3 questions in the FAQ section of its website that are written in Indonesian.
Products on sale by Obtanix
There is no product line that Obtanix offers its members.
There are no services or products by Obtanix offered to retail customers.
The only thing that affiliates offer to others is the affiliate membership.
Obtanix’s Compensation plan
For you to participate in the compensation plan, it is a must for you to invest funds in the company.
By so doing you get an ROI of 2.5% -5% on a weekly basis for up to 75 weeks.
It is important to note that you must reinvest half of the ROI withdrawals back in the institution.
There are also xen points earned by Obtanix affiliates after making the investment.
· Basic – this is where you receive 1 xen after investing $100
· Starter– here you get 5 xens after investing $500
· Advance– here you get 28 xens after investing $2500
· Premium– this is where you receive 20 xens after investing $10,000
Recruitment commissions
Another way affiliates earn income in this company is through sponsoring new affiliates.
The recruitment commissions have a code and are paid at 10% of the funds invested.
Affiliates in this MLM venture earn depending on what their sponsored affiliates invest.
When you sponsor;
· A basic affiliate you receive 5%
· A starter affiliate you get 7%
· An advance affiliate you get 8%
· A premium affiliate you receive 10%
The remaining percentages produced by advanced, basic and starter affiliates are passed to upline members who invest more.
The difference of the leftover percentage is paid out until 10% funds invested by every newly sponsored affiliate.
Residual commissions
A binary compensation structure is used to pay tracked residual commissions.
This structure places an affiliate at the binary team top which splits into a right and left side.
The first level of the binary team has a capacity of 2 positions while the second level has 4 positions.
Every new level in the binary team has twice as many positions as the level ahead of it.
The growth of binary team is limitless and the positions in the team can be filled by both direct and indirect affiliate sponsorship.
Once the binary team matches $100 on its two sides, an affiliate gets $10.
Daily residual earnings have a cap placed on them on the basis of the amount an affiliate has invested.
· Basic affiliates have an earning potential of up to $100
· Starter affiliates have an earning potential of up to $500
· Advanced affiliates have an earning potential of up to $1000
· Premium affiliates have an earning potential of up to $2500
If the binary team consists unmatched funds, the stronger side is carried forward to the next day.
Membership fee
There are 4 packages offered by Obtanix which you can join from the first day.
Below are the charges for joining any of the packages.
· Basic affiliate joins the company with $100 registration fee
· Starter affiliate spends $500 to join Obtanix
· Advanced affiliate package will cost you $2500
· The premium package costs $10,000 as membership fee
Verdict
Despite the company claiming that they generate ROIs from trading and cryptocurrency mining, there is no proof to show that mining or trading takes place in Obtanix.
In case this company had the capacity to produce such high ROIs as they claim, then there would be no need to involve strangers in investing in the company.
Therefore, it is clear that without new investors, there would be zero income for Obtanix.
Hence, the sole ROI generation is through new affiliate investment in order to pay current affiliates.
This means that if the recruitment stopped or slowed down, there would be no income for the company.
The company would, therefore, be unable to meet their promises regarding the ROIs.
From the information above you should decide if joining this company is a risk worth taking before registering as a member.
Probably the affiliates in this scheme will be at the losing end once the collapse of this company starts.
This means that your money and time are better invested elsewhere.
I hope that this Obtanix Review was if great value to you.
If that is the case, you may consider sharing it on your favorite social media platform so others may learn more about Obtanix.
If you happen to have any questions, feel free to use the comment box below or contact me on my contact page.
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