Xpro Trading & Service Review: LikesXL Ponzi launches X12 altcoin

LikesXL launched in 2015 as a simple 50 EUR Ponzi scheme.

According to BehindMLM reader reports, LikesXL investors began experiencing withdrawal problems in late 2016.

In an attempt to continue to defraud investors, LikesXL announced it would launch “stunning new business building videos”, a “state of the art automated sales funnel” and “new and very exciting auction platform”.

Those ideas flopped however, with LikesXL website traffic continuing to decline throughout 2017.

In September 2017 website activity increased, coinciding with the launch of Xpro Trading and Service.

The Xpro Trading and Service website provides no information on who owns or runs the business.

The website domain (“xpro-service.com”) was registered by LikesXL owner Peter Kolar on July 15th, 2017.

Read on for a full review of the Xpro Trading and Service MLM opportunity.

Xpro Trading and Service Products

Xpro Trading and Service has no retailable products or services, with affiliates only able to market Xpro Trading and Service (or LikesXL) affiliate membership itself.

The Xpro Trading and Service Compensation Plan

Like a number of collapsed or collapsing MLM underbelly schemes, LikesXL has opted to launch its own cryptocurrency.

The X12 team’s mission is to offer a technologically advanced crypto-currency that can be easily used by anyone and from anywhere.

Xpro Trading and Service affiliates invest in X12 Mining Packs:

  • Xpro 500 – 500 EUR
  • Xpro 1000 – 1000 EUR
  • Xpro 5000 – 5000 EUR
  • Xpro 7500 – 7500 EUR

Each mining pack corresponds to a set number of pre-mined X12. Xpro Trading and Service however fail to provide any specifics.

As I write this the X12 altcoin is neither publicly tradeable or worth anything outside of Xpro Trading and Service itself.

EasyCoinX, an exchange attached to Xpro Trading and Service, was set up in October, 2017.

The internal trading vlaue of X12 on EasyCoinX is currently 4.62 EUR.

Xpro Trading and Service Affiliate Ranks

There are thirteen affiliate ranks within the Xpro Trading and Service compensation plan.

Along with their qualification criteria, they are as follows:

  • Starter – sign up and invest in an Xpro mining package
  • Level 2 – generate 5000 EUR in downline investment
  • Level 3 – generate 25000 EUR in downline investment
  • Level 4 – generate 75000 EUR in downline investment

From Level 5, no more than 50% of qualifying investment volume can come from any one unilevel leg.

  • Level 5 – generate 200,000 EUR in downline investment
  • Level 6 – generate 600,000 EUR in downline investment
  • Level 7 – generate 1,800,000 EUR in downline investment
  • Level 8 – generate 5,000,000 EUR in downline investment

From Bronze Director, an Xpro Trading and Service affiliate must have personally recruited at least four affiliates.

No more than 30% of qualifying investment volume can come from any one unilevel leg.

  • Bronze Director – generate 15,000,000 EUR in downline investment
  • Silver Director – generate 50,000,000 EUR in downline investment
  • Golden Director – generate 100,000,000 EUR in downline investment
  • Silver President – qualification criteria not provided
  • Golden President – qualification criteria not provided

“Downline investment” refers to accumulated investment volume generated by an Xpro Trading and Service affiliate’s entire downline (directly and indirectly recruited affiliates).

Recruitment Commissions

Xpro Trading and Service affiliates are paid to recruit new affiliate investors.

Recruitment commission rates are tied to affiliate rank:

  • Starter affiliates earn 5%
  • Level 2 affiliates earn 8%
  • Level 3 affiliates earn 10%
  • Level 4 affiliates earn 12%
  • Level 5 affiliates earn 14%
  • Level 6 affiliates earn 15%
  • Level 7 affiliates earn 16%
  • Level 8 affiliates earn 17%
  • Bronze Directors earn 18%
  • Silver Directors earn 19%
  • Golden Directors earn 20%
  • Silver President and Golden President recruitment commission rates are not disclosed

Note that the above commission rates are coded, meaning a maximum of 20% is paid out on each new investment.

The affiliate who recruited is paid first, with leftover percentages paid sequentially upline until the full 20% is paid out.

Note that if the recruiting affiliate is a Golden Director or higher, they receive the full 20% recruitment commission.

Matching Bonus

Xpro Trading and Service affiliates earn a Matching Bonus on downline recruitment commissions.

The Matching Bonus is paid out 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.

Xpro Trading and Service cap the Matching Bonus on up to five levels of the unilevel team.

How many unilevel team levels an affiliate earns the Matching Bonus on is determined by how much they’ve invested:

  • Xpro 500 – 10% on level 1 (personally recruited affiliates)
  • Xpro 1000 – 10% on levels 1 and 2
  • Xpro 2500 – 10% on levels 1 and 2 and 5% on level 3
  • Xpro 5000 – 10% on levels 1 and 2 and 5% on levels 3 and 4
  • Xpro 7500 – 10% on levels 1 and 2 and 5% on levels 3 to 5

Rank Achievement Bonus

From Level 3 onward, Xpro Trading and Service pay affiliates a one-time Rank Achievement Bonus:

  • Level 3 – 1000 EUR
  • Level 4 – 2500 EUR
  • Level 5 – 5000 EUR
  • Level 6 – 20,000 EUR
  • Level 7 – 50,000 EUR
  • Level 8 – 100,000 EUR
  • Bronze Director – 250,000 EUR
  • Silver Director – 500,000 EUR
  • Golden Director – 1,000,000 EUR
  • Silver President and Golden President Rank Achievement Bonuses are not provided

Bonus Commission

The Bonus Commission is paid as a match of the Rank Achievement Bonus paid to unilevel team affiliates.

  • Xpro 500 – 10% on level 1 (personally recruited affiliates)
  • Xpro 1000 – 10% on levels 1 and 2
  • Xpro 2500 – 10% on levels 1 and 2 and 5% on level 3
  • Xpro 5000 – 10% on levels 1 and 2 and 5% on levels 3 and 4
  • Xpro 7500 – 10% on levels 1 and 2 and 5% on levels 3 to 5

As above, Bonus Commissions are paid using the same unilevel team structure as the Matching Bonus.

Joining Xpro Trading and Service

Xpro Trading and Service affiliate membership is tied to an investment of 500 to 7500 EUR.

The more an affiliate invests the higher their income potential through the Xpro Trading and Service compensation plan.

Conclusion

To what extent LikesXL is or isn’t paying out on original 50 EUR investments is unclear.

What is clear though is that Xpro Trading and Service is designed to extract new funds at little to no cost.

Coming up with and launching an altcoin these days is a trivial matter. The whole process has been automated for the most part, with cheap “in a box” dev teams readily available.

X12 itself brings nothing new to the market, serving only as a vehicle for Peter Kolar to receive new investment through.

Over time more and more is invested in X12, with the inevitable collapse occurring when the majority of investors realize there’s no new recruits to offload the worthless altcoin onto.

On top of that Xpro Trading and Service pay pyramid recruitment commissions and set commission rates via “pay to play” (how much you invest determines how much you earn).

Both are regulatory red flags and staples of a fraudulent MLM business model.

As with LikesXL, eventually Xpro Trading and Service affiliate recruitment will die down. Probably sooner rather than later, as the majority of investors are likely to be current and former LikesXL affiliates looking to recoup losses.

When that happens, expect the typical MLM altcoin crash. X12’s internal value will approach zero, the majority of Xpro Trading and Service affiliates take a loss and Peter Kolar makes off with what’s left.

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