NeoConnect provide no information on their website about who owns or runs the business.
The NeoConnect website domain (“neoconnect.io”) was privately registered on October 27th, 2017.
A whitepaper provided on the NeoConnect website bears the document title “Prezentare PowerPoint”.
“Prezentare” is Romanian for “presentation”, suggesting whoever is running NeoConnect is based out of Romania or of Romanian descent.
Of note is another NeoConnect website up at “neoconnect.org”.
This website offers a similar looking MLM opportunity.
The NeoConnect (ORG) domain was registered on November 12th, 2017.
Jihan Wu is listed as the owner, through the address of the Galaxy Macau hotel address in Macau, China (provided in Spanish).
NeoConnect provide another corporate address in Macau on their website.
Further research reveals this address belongs to DSL Lawyers.
On their website, DSL Lawyers claim they
are familiar with the licensing, regulatory and compliance issues concerning the businesses of Macau.
As such, whether NeoConnect (ORG) has an actual physical presence in Macau is unclear.
There is also no information available on Jihan Wu, casting doubt on whether the individual exists (the hotel address is a significant red flag).
Whether NeoConnect (IO) and NeoConnect (ORG) are related is unclear.
To avoid confusion however, this review is based on NeoConnect (IO)’s offering.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
NeoConnect has no retailable products or services, with affiliates only able to market NeoConnect affiliate membership itself.
The NeoConnect Compensation Plan
NeoConnect affiliates invest real money in exchange for NEOC tokens.
These NEOC tokens are parked with NeoConnect on the promise of advertised ROI payments:
- invest $100 to $1000 and receive a variable ROI of up to 45% a month for 229 days
- invest $1001 to $5000 and receive a variable ROI of up to 45% a month plus a guaranteed 0.15% daily ROI for 169 days
- invest $5001 to $10,000 and receive a variable ROI of up to 45% a month plus a guaranteed 0.3% daily ROI for 120 days
- invest $10,001 to $100,000 and receive a variable ROI up to 45% a month plus a guaranteed 0.5% daily ROI for 99 days
Referral commissions are available on funds invested by downline affiliates, paid out down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 10%
- level 2 – 7%
- level 3 – 3%
Referral commissions are also available on ROI payments to downline affiliates, using the same three-level commission structure:
- level 1 – 5%
- level 2 – 2%
- level 3 – 1%
NeoConnect affiliate membership is free, however affiliates must invest at least $100 to participate in the attached income opportunity.
NeoConnect utilizes the “lending cryptocurrency” Ponzi model.
This model sees affiliates hand over real money to NeoConnect’s anonymous owners, in exchange for worthless NEOC points.
The initial exchange rate is $1 for 1 NEOC, however the company claims this will rise over time.
Outside of NeoConnect, NEOC is completely worthless and has no real world application.
Its value, as explained by NeoConnect, is pegged to nothing more than manufactured scarcity.
NEOC is one of the most scarce cryptocurrency among all conventional lending and staking platforms.
Simple math says that Low Supply = High Price
NEOC coin’s valuation also is an index of the company’s valuation and because of rock solid fundamentals, it will grow rapidly.
For above reasons, users who would like to trade the cryptocurrency also have a positive profit opportunity.
The only determining factor that will see NEOC rise in internal value is affiliate recruitment bringing in new investment funds, which brings us to the source of NeoConnect’s ROI revenue.
The only verifiable source of revenue entering NeoConnect is newly invested affiliate funds, the use of which to pay existing affiliates a ROI makes NeoConnect a Ponzi scheme.
As with BitConnect (the first crypto lending Ponzi scam), a public altcoin might be launched at some point.
The value of the altcoin however is still only pegged to Ponzi investors investing and parking coins with the company.
Nobody outside of the Ponzi scheme uses the coin, because the only thing you can do with it is offload it to other Ponzi investors or park it for a Ponzi ROI.
As with all Ponzi schemes, once NeoConnect affiliate recruitment slows down so too will new funds entering the scheme.
This will see NeoConnect unable to meet its ROI obligations, eventually prompting a collapse.
The math behind a Ponzi scheme guarantees that upon collapse, the majority of investors lose money.