Ukey provide no information on their website about who owns or runs the business.
The Ukey website domain (“ukey.io”) was privately registered on December 3rd, 2017.
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.
Ukey has no retailable products or services, with affiliates only able to market Ukey affiliate membership itself.
The Ukey Compensation Plan
Ukey affiliates acquire UKEY points from the company’s anonymous owners.
UKEY points are sold to Ukey affiliates for between 30 cents to $1 each.
Once acquired, UKEY points are “lent” back to Ukey on the promise of a monthly ROI.
- invest $100 to $1000 and receive a daily variable ROI for 240 days
- invest $1001 to $5000 and receive a daily variable ROI for 180 days
- invest $5001 to $10,000 and receive a daily variable ROI for 120 days
- invest $10,001 to $25,000 and receive a daily variable ROI for 90 days
- invest $25,001 to $250,000 and receive a daily variable ROI for 60 days
Ukey affiliates are able to withdraw early for a 25% fee (of their original investment).
Ukey pay referral commissions on invested funds 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.
Ukey cap payable unilevel levels at seven, with commissions paid out as a percentage of funds invested across these seven levels as follows:
- level 1 (personally recruited affiliates) – 7%
- level 2 – 4%
- level 3 – 2%
- levels 4 and 5 – 1.5%
- levels 6 and 7 – 0.5%
Ukey affiliate membership is free, however free affiliates can only earn referral commissions.
Full participation in the Ukey MLM opportunity requires a minimum $100 investment.
Ukey claim to generate external revenue through “deep analysis of the
By monitoring the trends, assessing the risks, and creating the analysis prediction, we develop optimal investment plans.
There is of course no evidence of these plans existing, or Ukey generating any other source of external ROI revenue.
That leaves new affiliate investment as the sole verifiable source of revenue entering the company.
Using newly invested funds to pay off existing affiliates a daily ROI makes Ukey a Ponzi scheme.
Lending ICO Ponzis like Ukey play out as follows:
Admins (who are typically anonymous) offload worthless pre-generated points in exchange for real money. In this case it’s UKEY points.
Ukey’s admins then use some of this money to pay promised ROIs for as long as new affiliates sign up.
Once affiliate recruitment dries up so does Ukey’s ROI reserve.
When a predetermined threshold is reached, Ukey’s anonymous admins do a runner with what’s left.
Early Ukey investors make a bit of money (mostly via recruitment of new investors). But same as any other Ponzi scheme, the reality of such scams is that the majority of participants eventually lose money.