AuLives Review: SGC Ponzi points OneCoin clone
AuLives provides no information about who owns or runs the company on its website.
The AuLives website domain (“aulives.com”) was privately registered on May 29th, 2018.
An address in Dubai is provided on the AuLives website. Multiple businesses operate out of the same address however, suggesting the address actually belongs to a virtual office provider.
AuLives has an official corporate YouTube channel, on which there are several marketing videos.
These videos reveal the co-founders of AuLives to be Parwiz Daud and Mansour Tawafi.
Up until very recently, Daud and Tawafi were prominent promoters of the OneCoin Ponzi scheme.
On December 4th, 2017, Ted Nuyten’s Business For Home celebrated Daud and Tawafi stealing approximately $400,000 a month from OneCoin victims.
With the company no longer honoring ROI withdrawal requests however, OneCoin affiliate recruitment also collapsed.
With their OneCoin earnings likely plummeting, now it seems Daud and Tawafi want to run their own MLM cryptocurrency company.
Daud and Tawafi reside in the UK, where they primarily promoted OneCoin to the local Muslim community.
It stands to reason that as opposed to Dubai, the UK is where AuLives is actually being operated from.
Why none of this is disclosed on the AuLives website is unclear.
Read on for a full review of the AuLives MLM opportunity.
AuLives has no retailable products or services, with affiliates only able to market AuLives affiliate membership itself.
The AuLives Compensation Plan
AuLives affiliates invest euro and receive “promotional tokens”.
- Beginner – invest €100 EUR and receive 50 tokens
- Access – invest €500 EUR and receive 250 tokens
- Intermediate – invest €1000 EUR and receive 510 tokens
- Advanced – invest €5000 EUR and receive 2625 tokens
- Professional – invest €15,000 EUR and receive 8025 tokens
- Exclusive – invest €50,000 EUR and receive 27,500 tokens
Once acquired, AuLives affiliates convert invested tokens into Secured Gold Coin (SGC).
SGC is marketed as a viable cryptocurrency altcoin but in reality are just pre-generated points that don’t exist outside of AuLives.
AuLives affiliates are paid 10% of funds invested by personally recruited affiliates.
AuLives pay residual commissions via a binary compensation structure.
A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).
Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.
Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note there is no limit to how deep a binary team can grow.
At the end of each week AuLives tallies up new investment volume on both sides of the binary team.
Affiliates receive a flat 10% of new investment volume generated on the weaker side of their binary team.
Paid volume is flushed from both sides of the binary team, with leftover volume on the stronger side carried over the following week.
AuLives pay a Matching Bonus 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.
The Matching Bonus is paid out on residual commissions earned by unilevel team members.
AuLives cap the Matching Bonus at four unilevel team levels as follows:
- level 1 (personally recruited affiliates) – 10% match
- level 2 – 10% match
- level 3 – 20% match
- level 4 – 25% match
- Trainer (generate 7000 GV (minimum 1650 GV on your weaker binary team side) and recruit two investing affiliates) – a pin
- Executive (generate 40,000 GV (minimum 10,000 GV on your weaker binary team side) and recruit and maintain at least two Trainers (one on either side of the binary team)) – €600 EUR
- Team Leader (generate 80,000 GV (minimum 40,000 GV on your weaker binary team side) and recruit and maintain at least three Executives (at least one on the weaker side of the binary team)) – €800 EUR
- Regional Director (generate 200,000 GV (minimum 80,000 GV on your weaker binary team side) and recruit and maintain at least three Team Leaders (at least one on the weaker side of the binary team)) – €2500 EUR
- Chairman (generate 500,000 GV (minimum 200,000 GV on your weaker binary team side) and recruit and maintain at least four Regional Directors (two on either side of the binary team)) – Rolex watch
- Vice President (generate 1,500,000 GV (minimum 500,000 GV on your weaker binary team side) and recruit and maintain at least five Chairmen (at least two on the weaker side of the binary team)) – €15,000 EUR
- President (generate 8,000,000 GV (minimum 1,500,000 GV on your weaker binary team side) and recruit and maintain at least six Vice Presidents (three on either side of the binary team)) – €60,000 EUR
AuLives affiliate membership is €35 EUR plus a €100 to €50,000 EUR investment.
Why settle for $400,000 a month in recruitment commissions when, like OneCoin’s Ruja Ignatova, you can dupe tens of millions out of gullible investors?
Following in the footsteps of Nils Grossberg’s DagCoin, Parwiz Daud and Mansour Tawafi have launched their own OneCoin spinoff.
Both companies bundle “education packages” with affiliate investment, however it is the promise of riches that lures investors in.
Whereas DagCoin’s marketing hook is their worthless points not having to be mined, AuLives claim their worthless points are backed by gold.
According to AuLives marketing material, AuLives take 60% of invested funds and purchases gold with it.
This gold supposedly backs up the value of SGC points
Naturally the company provides no evidence of gold being purchased or stored.
Furthermore, AuLives marketing material goes on to state the invested “gold value” can be used as a line of credit with MasterCard.
First things first, MasterCard aren’t running gold-backed credit cards.
Second of all if invested gold is able to spent by AuLives affiliates, what’s propping up the internal value of SGC?
I mean presumably AuLives affiliates are going to be able to cash out their SGC points through an internal exchange, right?
Gold can’t be simultaneously able to be spent by affiliates and backing up SGC at the same time.
And if AuLives drop the “we’ve invested in gold charade” and just peg an internal value per SGC point invested in and offer it on a debit card, what is the point of SGC then?
Affiliates won’t be able to do anything with it, other than look at made-up SGC balances in their back office.
And so we come to the crux of AuLives’ business model.
Like OneCoin and DagCoin, AuLives combines pyramid recruitment with recycled invested funds.
Be it gold, imagined or otherwise, whatever AuLives affiliates manage to withdraw is sourced from subsequent investment.
The whole thing falls apart once recruitment dies down, because no matter what the internal SGC value is, if there’s no new money to withdraw AuLives can’t pay anything out.
This is precisely what happened with OneCoin, has yet to happen with DagCoin and will eventually happen with AuLives.
As Nils Grossberg is finding out with OneCoin, reload scams are rarely as successful as their predecessors.
DagCoin’s website Alexa ranking is tanking and with EU tapped out, showing no signs of a reversal anytime soon.
This late into the game, AuLives is going to have an even steeper hill to climb.
And even giving them a chance is generous.
The only cryptocurrency experience Parwiz Daud and Mansour Tawafi have, is recruiting people into a Ponzi scheme and profiting handsomely from it.
There’s a big jump between Ponzi promotion and actually running one.
After AuLives has milked what’s left of OneCoin’s English Muslim community again, what then?