Is The Ultron Project A Scam? An In-depth Review


16 Mar 2023 10:00 AM

Ultron poses as a layer-1 blockchain founded by a Dubai-based Ultron Foundation in June 2022. The crypto project claims to be the future of DeFi, Farming,...

  • Ultron is a layer-1 blockchain founded by Ultron Foundation in June 2022.
  • The project claims to be the future of DeFi, Farming, offering NFTs, liquidity staking, swap services, and more.
  • Its native cryptocurrency is Ultron token (ULX), which is not supported by major cryptocurrency exchanges.
  • Ultron runs on an affiliate marketing and MLM model, promising investors nearly impossible returns.
  • Affiliates can exchange ULX for USDT across nine packages, gaining discounts and ROI based on how long they hold their investments.
  • Affiliates earn commissions according to their ranks, which they acquire by recruiting affiliates.
  • Ultron is a partner with Mavie global, an affiliate marketing platform, and launched on March 13.
  • Mavie/Ultron's compensation plan is banking on Ultron's newly introduced NFTs worth 30,000 USDT.
  • Mavie also offers matching bonuses and pool incentives like cars, houses, watches, etcetera.
  • Ultron has no revenue-generating product besides the ULX and NFT staking, and the compensation plans appear overpaid.
  • The project must pay commissions, which only come by recruiting new investors, leading to suspicions of it being a Ponzi scheme.
  • The Mavie/Ultron project has a link to Givvo, a failed e-commerce Ponzi scheme.

The article has a negative sentiment towards Ultron, as it highlights the project's shady business model and links to a failed Ponzi scheme.

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Related Questions

What is Ultron and when was it founded?
What is Ultron's native cryptocurrency and is it supported by major exchanges?
How does Ultron's affiliate marketing and MLM model work?
What is Mavie global and how is it related to Ultron?
Why is there suspicion that Ultron is a Ponzi scheme and what is its link to Givvo?

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