Welcome to my DeFin Wallets Review!
There has been some buzz about this latest investment cryptocurrency opportunity and I decided to take a closer.
Chances are someone approached you about their promising daily ROI and affiliate program and you decided to take a look to see whether it is legit or not.
The good news is I will walk you through the company, products and compensation plan so you can make the right decision.
Just PAY close attention and read this to the end…
Table of Contents
DeFin Wallets Review (Company)
DeFin Wallets provides no information on its website about who owns or runs the company.
I checked their domain (“definwallets.com”) on who.is and found out it was privately registered on August 25th, 2020.
While trying to seem legitimate, DeFin Wallets provides a corporate address in Jersey on its website.
That’s Jersey, a tiny island Crown dependency of Britain, off the coast of France. Jersey is also a known tax-haven.
Obviously it is highly unlikely DeFin Wallets has any physical business activities in Jersey.
At the time of publication Alexa ranks Venezuela (17%), Cuba (12%) and Egypt (8%), as the top three sources of traffic to DeFin Wallets’ website.
DeFin Wallets Products
The Company has no retailable products or services, with affiliates only able to market DeFin Wallets affiliate membership itself.
If you are looking for a legit business with real products take a look at Entre Institute and start with the FREE Ebook you get.
Compensation Plan
DeFin Wallets affiliates invest USD and/or cryptocurrency on the promise of perpetual daily returns.
- invest $10 or 0.00093 BTC and receive 1% a day
- invest $50 or 0.00465 BTC and receive 1.6% a day
- invest $250 or 0.023252 BTC and receive 2.4% a day
- invest $1250 or 0.116258 BTC and receive 3.6% a day
- invest $6250 or 0.581289 BTC and receive 5.2% a day
Similar investment tiers are available for ethereum, litecoin, bitcoin cash, ripple, tron, dash ethereum classic and stellar.
Referral Commissions
DeFin Wallets 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.
Also here is another crypto MLM I did a review on.
They caps payable unilevel team levels at five.
Referral commissions are paid out as a percentage of invested funds across these five levels as follows:
- level 1 (personally recruited affiliates) – 10%
- level 2 – 5%
- level 3 – 3%
- level 4 – 2%
- level 5 – 1%
Cost To Join
Affiliate membership is free.
Full participation in the attached income opportunity requires investment in USD, bitcoin, ethereum, litecoin, bitcoin cash, ripple, tron, dash ethereum classic and/or stellar.
Final Verdict
I am going to keep this real…
Let’s go through the facts again, shall we…
They provides no explanation for ROI revenue, save to say its a
management platform for cryptoholders powered by decentralized finance technology.
That is of course meaningless crypto waffle.
Their business model also fails the Ponzi logic test.
We also don’t know who actually runs or owns the business.
If DeFin Wallets’ anonymous owners were capable of legitimately generating a consistent 5.2% a day, what do they need your money for?
As it stands the only verifiable source of revenue entering DeFin Wallets is new investment.
Using new investment to pay daily returns of up to 5.2% makes DeFin Wallets a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dies down so too will new investment.
This will starve DeFin Wallets of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.[1]
I hope you enjoyed my DeFin Wallets review and if you have any questions feel free to ask in the comments below…
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