The original platform was launched back in 2014 and started by Jeremy Rush and Michael Bloom.
And it was first a home-based business reviewed on the popular website behind MLM. They did the research and proved it was a genuine pyramid scheme that was subscription based.
And when the company tanked, Zukhul turned into a adcredit revenue sharing ponzi scheme. That then flopped as well, and here they are now as Zukhul Gold. That too collapsed and the affiliates where at a hard loss.
The scam artist, Jeremey Rush threatened to sue anybody who publicly criticized him. Things were over for the company, or so people though until 2017. As Jeremy watched the dozens of other MLMs create ICOs and investment lending platforms in the cryptocurrency world, he had to jump on board.
Now the company is called Zukhul Trader and MLM opportunity.
What Is Zukul Trader?
The company claims to be a cryptocurrency platform that is creates reliable products and services, but if you actually look at the website, there is nothing of the sort. All they are is an affiliate referral system in which a small group of people will make a lot of money off of naïve investors.
The comp plan is where people will make money. The affiliates essentially invest money with the expectations of getting a passive and massive ROI in the form of cryptocurrency.
The company tracks affiliate investments through “units.”
- Starter Units are $10, capped at 300 active units
- Beginner Units are $35, capped at 1500 active units
- Intermediate Units are $85, capped at 3000 units
- Advanced Units are $185, capped at 6000 units
Zukhul Trader pays out referral commissions on any funds invested on three levels of a recruitment downline known as a uniline:
- level 1 (personally recruited affiliates) – 25%
- level 2 – 10%
- level 3 – 5%
The trader then pays out the commissions through a 3X10 matrix.
The first three positions make level one of the matrix. The three matrixes are then split into another three positions and that makes up level 2. Level three to level ten is devised in the same way with each new level housing three times that of the previous one.
There are residual commissions paid out from unit purchases from members in the matrix, and the percentage of funds invested is as follows:
- level 1 – 10% (3 positions)
- level 2 – 4% (9 positions)
- level 3 – 3.5% (27 positions)
- level 4 – 2.5% (81 positions)
- levels 5 and 6 – 1.5% (972 positions)
- level 7 – 1% (2187 positions)
- levels 8 to 10 – 0.5% (85,293 positions)
There is another 50% bonus that matches commissions paid to new affiliates that is based the matrix that is paid out to the new, personally recruited affiliate members.
The affiliate side of the platform doesn’t have any price cost for joining listed on the company website. And there is a possibility that monthly charges may be applied to active affiliates.
And all payments made to Zukhul or to members of the company from Zukhul are made in Bitcoin.
Zukhul In Conclusion
Call me crazy, but this looks like another revenue sharing Ponzi Scheme. And they are all over the internet, especially in the form of ICOs and lending platforms in the cryptocurrency space. They claim to get money for ROI from a software they use that runs all the time.
And there may be some trading taking place, but for the most part, there is almost no information about what is happening behind the scenes. They don’t even give any information about who developed the network or system.
Considering the business model, they’re using now, and their past scams – Zulka Trader is a system to stay away from as far as you can. The trading bot doesn’t even exist most likely, and the only real thing they’re doing here is funneling investors to a fraudulent scheme-based website. And they’re even doing that artificially, which is illegal.
But after all the flops Jeremy has been responsible in the past, I don’t think anyone is surprised to see this pop up like it has. One thing that is known is that most of traffic running to the website is from the UK and the USA. And neither of the traders who founded the platform are registered securities in either country. Zulka Trader is a scam in all regards, it’s simple – stay away from them or you’re going to lose money.