January 8


 January 8

by themillionairedrive

Welcome to my unbiased Wire8 review!

This new crypto MLM company has been getting a lot of attention lately, so I thought I’d check it out and see what’s up.

You might have heard from someone talking about how you can make money passively with them, and now you’re here to find out if it’s actually true.

Well, you’re in the right place! I’m going to give you the lowdown on this company, what they offer, and how their compensation plan works. This way, you’ll have all the info you need to decide if joining is a good idea or not.

So, stay tuned and make sure to read all the way through to get the full picture.

What is Wire8?

Wire8 Review

Wire8 is being promoted as a crypto investment platform that offers passive returns, at least that’s what their marketing on YouTube is saying.

But when you actually go to their website, it’s pretty much empty – just a login page and nothing else. No details about what they do or how they do it. That’s kind of weird for a company that’s supposed to be handling investments, right?

Now, about their website domain “wire8.com,” it was first registered a long time ago, back in 2012. But here’s the catch – it was updated recently, on October 2nd, 2023. This update date probably lines up more with when they really started doing stuff.

Despite what their YouTube ads claim about being around for 12 years, the facts don’t seem to add up. It sounds like they’re stretching the truth, or as you might say, it’s “a bunch of baloney.” If they’ve been around that long, why is there so little information available? This discrepancy is something to think about if you’re considering getting involved with Wire8.

Wire8 Products

Wire8 scam

Wire8 doesn’t have any products or services that you can buy or sell. Instead, what they offer is a chance to join their affiliate program. In this program, your main job is to bring in more people to sign up with Wire8.

Besides recruiting others, you also have the option to invest your own money into their investment plan. They claim that if you put in your cash, you’ll get a guaranteed return on your investment. This kind of setup, where the focus is more on recruiting new members and investing money rather than selling actual products or services, is pretty common in many MLM (Multi-Level Marketing) models. Just a heads-up, it’s important to be cautious with these kinds of opportunities, especially when they promise guaranteed returns.

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Making Money With Wire 8 Review?

With Wire8, there are basically two main ways you can try to make some money:

  1. Investing in Their Plans: First off, you can put your money into one of their investment plans. They say you’ll get a guaranteed return on what you invest. It’s like you give them your cash, and they promise to give you back more after a certain time.

  2. Recruiting Others: The other way to earn is by getting more people to join Wire8. For every new person you bring into the company, you get a commission. So, the more people you recruit, the more money you could make.

Remember, the first method depends on how well their investment plans work out, and the second method is all about how many people you can get to sign up.

Investment Plans Explained

Wire8 offers five different investment plans, where you can invest using Tether (USDT). Each plan promises a guaranteed daily return on your investment, but the percentage you get varies depending on how much you invest. Here’s the breakdown:

  1. Invest 10 to 490 USDT: You’ll get a daily return of 0.8%.
  2. Invest 500 to 1990 USDT: This plan offers a daily return of 0.9%.
  3. Invest 2000 to 4990 USDT: You can expect a daily return of 1.0%.
  4. Invest 5000 to 9990 USDT: This plan bumps up the daily return to 1.1%.
  5. Invest 10,000 or more USDT: The highest plan gives a daily return of 1.2%.

One important thing to remember is that all withdrawals from Wire8 come with a 5% fee. So, if you decide to pull your money out, they’ll take 5% off the top of whatever you withdraw.

Wire8 Compensation Plan Explained

Wire8 uses a unilevel compensation plan, and how deep you get paid in this structure depends on your affiliate rank within the company. They have different ranks, named W1, W2, W3, W4, W5, and W6. Each of these ranks determines how many levels deep you can earn commissions from. Here’s how it works based on your rank:

  • W1 to W3 Ranks: If you’re at any of these ranks, you earn a 2% commission from your personally sponsored affiliates, which is considered Level 1.

  • W4 Rank: Once you hit the W4 rank, you start earning a 2% commission not just from your Level 1 (personally sponsored affiliates), but also from Level 2.

  • W5 Rank: Reaching W5 allows you to earn the same 2% commission, but now from three levels deep – Level 1, Level 2, and Level 3.

  • W6 Rank: This is the top rank. At W6, you earn a 2% commission from affiliates across five levels – Levels 1, 2, 3, 4, and 5.

So, the higher your rank in Wire8, the more levels you can earn commissions from. Just remember, these commissions are based on the investments made by the affiliates in these levels.

Matching Bonus Explained

Wire8 offers a Matching Bonus, which is an additional way for affiliates to earn based on the returns their downline members receive. This bonus percentage increases as you climb the ranks within the company. Here’s how it works for each rank:

  • W1 Rank: As a W1 ranked affiliate, you get a 25% matching bonus on the returns earned by your downline members.
  • W2 Rank: If you’re at the W2 rank, your matching bonus increases to 30%.
  • W3 Rank: Achieving W3 rank bumps the matching bonus up to 35%.
  • W4 Rank: At the W4 level, you’ll earn a 40% matching bonus.
  • W5 Rank: As a W5 ranked affiliate, your matching bonus is 45%.
  • W6 Rank: The highest rank, W6, offers a 50% matching bonus on the returns of your downline members.

Joining Wire8 Reviews?

Joining the Wire8 affiliate program is free – you don’t have to pay anything to get started. However, if you want to get involved in their investment opportunity and potentially earn returns, you need to make an initial investment. The minimum amount you have to put in is 10 USDT. This investment is the first step if you’re looking to take advantage of the earning potential offered through their various investment plans.

Final Verdict – Scam Or Legit?

When assessing if Wire8 might be a scam, it’s crucial to consider the available facts:

  1. Lack of Transparency: A major red flag with Wire8 is the lack of clear information about who runs or owns the company. Transparency is key in any legitimate business, especially in finance and investments. When a company isn’t open about its leadership, it often suggests something isn’t right.

  2. False Claims About Business History: Wire8 claims to have been in business for 12 years, but this seems to be untrue. Misrepresenting the company’s history like this is misleading and raises serious doubts about their credibility.

  3. Unclear Revenue Generation: There’s no clear information on how Wire8 is generating the returns it promises to its investors. Without understanding the source of these returns, it’s hard to trust their validity.

  4. Ponzi Scheme Indicators: The business model appears to rely on using new investments to pay off existing members. This is a typical characteristic of a Ponzi scheme, which is unsustainable and illegal in many jurisdictions.

  5. Risk of an Exit Scam: Like many Ponzi schemes, once the rate of new investment slows down, the scheme is likely to collapse. This often ends in an exit scam, where the operators shut down the company and disappear with the remaining funds.

Given these points, it’s advisable to approach Wire8 with a high degree of caution. The signs point towards it being a Ponzi scheme, which poses significant risks to investors. My recommendation would be to avoid investing in Wire8 to prevent potential financial loss.

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See you at the top,

-Jesse Singh

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Hi, I'm Jesse

I'll show you exactly how you can build a profitable business online step by step with no fluff.  This is EXACTLY the method where I went from a car mechanic to building a 7 figure business online.  Now I am going to show you!

By signing up you agree to our terms

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