What Is Akyoh?
Akyoh describes itself as a “technology investment company which is based in Cyprus (EU).” Though the company claims to have business operations in Cyprus, it does not provide any other evidence of such operations. Further, Cyprus seems to be a hot spot for MLM companies due to the lack of regulation. Companies tend to incorporate in Cyprus when they do not have another legitimate method of incorporating themselves in a different jurisdiction.
As for Akoyh, Christian Lipovec is referred to as the company’s president. Until recently, he was promoting AladinCoin, an alleged ponzi scheme.
In March 2017, Lipovec posted on Facebook,
“After a few days at the company now on the way back to Austria! It was very impressive to see how all grows up at Aladin Capital!”
Before venturing into his role at AladinCapital, Lipovec was a Lyoness affiliate. Though he appears to do much of his work out of Austria, it seems a bit odd, considering that Akyoh is being promoted across Vietnam.
Alexa, a statistical tool, estimates that Vietnam accounts for 96 percent of traffic to the Akyoh website. Those who visit the website are informed that the company will be holding a “grand opening” in Cambodia in September 2018.
Akyoh AladinCoin MLM Scheme Products
Akyoh does not identify any products or services and affiliates are only able to market the membership themselves. Affiliates become a part of the compensation plan and they invest funds on a promise of an advertised ROI and the structure includes a Basic Trader, Pro Trader, and a Master Trader. There are also package investments, each with a specific rate of return. The rate of return increases depending upon the package that one chooses.
The package options include Basic Package, Premium Package, Pro Package, Pro+ Package, Pro X2 Package, and VIP Package. The platform suggests in its marketing material that package ROIs are paid out over 6 months. Further, Akyoh only accepts bitcoin or a combination of bitcoin and avana altcoin.
Akyoh Referral Commissions
Akyoh also pays referral commissions and whether an affiliate receives such a commission depends on the package that they have invested in. The packages include Basic Package, Premium Package, Pro+ Package, Pro X2 Package, and VIP Package. The basic package requires 5 percent on level 1, while the VIP requires 10% on level 1.
Akyoh Rank Bonuses
Akoyh also offers rank-based bonuses. Those who are interested in learning about the Rank Bonus products must learn Vietnamese first, as that it’s the only language that the material on the website is in. Using translation services, it can be garnered that the platform states that a five percent bonus can be paid out for a few months, an additional percentage will be paid on personally recruited downline investment, and that there is a three percent bonus poll.
Overall, those who are interested in joining the platform can do so for free – but those who want to become affiliate members must invest $180. A major issue concerning the platform’s system is that the AladinCoin has collapsed, as a result, it seems that Akyoh is looking to reboot using Vietnamese investors.
Further, the investment package is very similar to AladinCoin and it has incorporated the Avana Coin as well. The Avana Coin is a ERC20 coin token that does not trade publicly. It is likely that the exchanges have been established as AladinCoin/Akyoh, meaning they are internal exchanges with no use outside of company affiliates.
Additionally, Akyoh claims to have a trading bot, as it explained
“Akyoh Trading Artificial Intelligent (A.T.A.I.) is the most advanced, revolutionized trading bot. A.T.A.I. features a wide range of settings and specifications designed for both beginner and advanced traders.”
Interestingly enough, there is no evidence of the trading bot’s existence or that one is being used to generate affiliate ROI revenue.