In today’s fast-paced digital world, artificial intelligence (AI) has become a driving force behind technological advancements. One company that claims to harness the power of AI is Gigamax. However, upon closer examination, there are several red flags and concerns surrounding this mysterious entity. In this article, we will delve into the world of Gigamax AI, explore its alleged products and compensation plan, and shed light on the controversies surrounding the company.
Unveiling the Mysterious Gigamax
Gigamax’s lack of transparency is evident from the moment you visit their website. The company fails to provide any information about its ownership or executive team, leaving potential investors in the dark. Furthermore, the website’s domain was privately registered, which raises concerns about the legitimacy of the company’s operations.
Multiple defunct website domains, such as “giga-max.online” and “gigamax.ai,” further add to the suspicion surrounding Gigamax. It is worth noting that a third website, “gigamax-ai.com,” exists, but it is suspected to be owned by recovery scammers.
The Gigamax Scammers
Several names have been associated with Gigamax, including Dato Abak, D’Ben Al Shariff, Doz Khadri, Hafiz Ali, Capt. Adnan, Tn. Shah, Xifu Tharma, and Tycoon Syazwan. These individuals have been linked to various scams and fraudulent activities. It is highly likely that Gigamax is operating out of Malaysia, as suggested by the involvement of Malaysian scammers.
Gigamax’s Lack of Products
One of the major red flags surrounding Gigamax is the absence of any retailable products or services. Affiliates are only able to market Gigamax’s affiliate membership itself. This lack of tangible products raises concerns about the sustainability and legality of the company’s business model.
The Gigamax Compensation Plan
Gigamax’s compensation plan revolves around soliciting investments in cryptocurrency through various trading schemes. The MLM aspect of Gigamax primarily rewards affiliates for recruiting new investors.
Referral Commissions
Gigamax pays referral commissions through a unilevel compensation structure. Affiliates earn a percentage of the cryptocurrency invested by their downline across five levels. The commission percentages increase as the downline’s investment volume grows.
Withdrawal Match
Gigamax also offers matching commissions on withdrawals made by affiliates who invest in their Pool Trade Arbitrage, Copy Trade, and ETFMAX schemes. These withdrawal matches are paid using the same unilevel compensation structure as referral commissions.
Joining Gigamax
Joining Gigamax as an affiliate is either free or requires an annual fee of 50 USDT. Paid membership grants access to additional investment opportunities within the company.
Gigamax’s Changing Website Domains
Gigamax’s constant domain changes raise suspicions about the company’s intentions. The Malaysian Securities Commission issued a fraud warning against Gigamax, indicating that local authorities are already aware of the company’s activities. Moreover, Gigamax’s marketing materials are created through a Chinese app called “WPP 演示,” suggesting possible ties to Chinese speakers.
The Gigamax Message: Deception and Recovery Scams
Gigamax’s newly created website domain features a message that promises important updates and enhancements. However, a closer look reveals a series of deceptive statements. Changing a website domain does not enhance services or provide a more efficient user experience. The mention of “Web 3.0” and “data migration” to improve services is misleading, as these concepts are not applicable in this context.
What the website message fails to mention is that Gigamax requires investors to deposit additional cryptocurrency to keep their accounts. This is a classic recovery scam, where Gigamax attempts to extract more funds from its own investors. Unfortunately, if you have invested in Gigamax, your funds are likely gone, and investing more will not yield any returns.
The Future of Gigamax AI
Gigamax’s continuous domain changes and suspicious activities indicate that the company is in the final stages of its Ponzi scheme. The Malaysian Securities Commission’s warning and the drop in website traffic further support this notion. Gigamax’s promise of a new launch on its recently created website is likely just another ploy to extract more funds before ultimately shutting down at the end of August.
Conclusion:
Gigamax AI is a company shrouded in mystery and controversy. Its lack of transparency, absence of products, and involvement in fraudulent activities raise significant concerns. It is crucial to exercise caution and skepticism when considering any involvement with Gigamax or similar MLM companies. Remember, in Ponzi schemes, the majority of participants ultimately lose their money. Stay informed and make wise investment decisions to protect yourself from potential scams.
Additional Information: Gigamax AI: The Future is Now
- The Gigamax website domain, “ggmx.ai,” was privately registered on August 1st, 2023.
- SimilarWeb data indicates that the majority of Gigamax’s website traffic originates from Malaysia, followed by Indonesia and Bangladesh.
- Gabema Academy, a Malaysian crypto education platform, seems to have partnered with Gigamax.
- The involvement of Chinese speakers in Gigamax’s marketing materials suggests possible connections to the Chinese market.
- The Gigamax website message emphasizes the security of funds and promises enhanced features, but these claims should be viewed with skepticism.