Ukey.io Review – ICO, Buy Token, White paper, Points, Register, Reddit
UKEY describes itself as a global decentralized cryptocurrency based on Ethereum platform. Key feature of UKEY tokens is absence of the unified transaction processing centre, which provides a high level of system reliability and security, and users anonymity.
Ukey has no information on their website about who owns or runs it. Its website domain was privately registered on December 3rd, 2017.
Ukey has no retail-able products or services making its affiliates only able to market Ukey affiliate membership. Ukey affiliates acquire UKEY points from the company’s anonymous owners.
UKEY points are sold to Ukey affiliates for 30 cents to $1 each. UKEY points are lent back to Ukey on the promise of a monthly ROI once acquired. This is the order below:
- invest $100 to $1000 and receive a daily variable ROI for 240 days
- invest $1001 to $5000 and receive a daily variable ROI for 180 days
- invest $5001 to $10,000 and receive a daily variable ROI for 120 days
- invest $10,001 to $25,000 and receive a daily variable ROI for 90 days
- invest $25,001 to $250,000 and receive a daily variable ROI for 60 days
Ukey compensation structure places an affiliate at the top of a uni-level team with every personally recruited affiliate placed directly under him or her.
Ukey affiliate membership is free but free affiliates can only earn referral commissions. Full participation in the Ukey MLM opportunity requires a minimum of $100 investment.
Ukey claims to generate external revenue through deep analysis of the cryptocurrency market.
They laid this out thus: “By monitoring the trends, assessing the risks, and creating the analysis prediction, we develop optimal investment plans”
However, there is no evidence of these existing making new affiliate investment the sole verifiable source of revenue entering the company and using newly invested funds to pay existing affiliates a daily ROI makes the platform a Ponzi scheme.