Qwidex has arrived on the MLM scene, with big promises and even bigger red flags. From fake CEOs to imaginary trading bots, this operation feels more like a poorly written sitcom than a legitimate business. Let’s unravel the hilarity—and the risks—behind Qwidex.

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Who Runs Qwidex? Spoiler: Nobody Real

Qwidex proudly parades its CEO, Chase Coleman, as the face of the operation. The problem? Chase Coleman is about as real as a unicorn with a 401(k). He’s played by an actor with a Russian accent, making him a prime candidate for what’s affectionately called a “Fake CEO.”

Need more laughs? Coleman’s Facebook profile was created in October 2024, complete with a retroactively added 2020 post claiming he founded Qwidex. The post even has the clock icon to confirm its manipulation. Nice touch, Qwidex. Very subtle.

Qwidex claims to operate out of New South Wales, Australia, but the address provided belongs to Servcorp, a virtual office provider. So, unless they’re running a Ponzi scheme from a shared printer, there’s likely no actual office.

Qwidex’s Products: A Big Empty Box

Qwidex has no retailable products or services. None. Zip. Nada. Affiliates can only market the membership itself, which makes the business entirely dependent on recruitment. If your business model needs a recruitment drive to survive, it’s not a business—it’s a pyramid scheme in disguise.

The Compensation Plan: Where Math Meets Fantasy

Affiliates invest cryptocurrency (USDT, ETH, or BTC) and are promised passive returns. Here’s a sample of the plans:

Basic: 50-999 USDT, 0.8%-1% daily for 15 days.
Qwidex Premium +: 49,999-149,999 USDT, 1.9% daily for 90 days.
Elite: 250,000-500,000 USDT, 3.35%-3.6% daily for 2 years.
BTC Pro: 1.6-4.9 BTC, 2.35%-2.55% daily for 100 days.

The plans look impressive—until you ask, “Where does the money come from?” Spoiler alert: It doesn’t. Qwidex offers no proof of external revenue, meaning these returns likely come from new investments. Classic Ponzi math.

Affiliate Ranks: Climbing a Fictional Ladder

Qwidex features 12 affiliate ranks, from Partner to the ambitious International President. But before you grab your acceptance speech, know that advancing requires convincing people to invest eye-watering amounts of cryptocurrency. For example:

Silver Leader: Convince recruits to invest $75,000 and generate $2.5 million in downline volume.
President: Convince recruits to invest $1 million and generate $50 million in volume.

Fun fact: Qwidex cheats affiliates on downline volume. Only 10% of investment volume is counted from levels 6 to 100. It’s like running a marathon where the finish line keeps moving farther away.

Referral Commissions: It’s All About Recruitment

Qwidex uses a unilevel structure, paying referral commissions across 100 levels. Here’s a snapshot:

Partner: 5% on level 1, 2% on level 2, 1% on level 3.
Gold Leader: 11% on level 1, 5% on level 2, 3% on levels 3-4, and so on.
International President: 16% on level 1, 8% on level 2, with decreasing percentages across 100 levels.

It’s recruitment on steroids, with commissions designed to keep the cycle going until—inevitably—it doesn’t.

Rank Achievement Bonuses: A Numbers Game

Qwidex dangles juicy one-time bonuses for affiliates who hit certain ranks. For example:

Advisor: $300.
Diamond Leader: $320,000.
International President: A cool $1 million.

But with no external revenue, these bonuses are just a flashy way to lure in more investors.

Joining Qwidex: The Entry Fee

Affiliate membership is technically free, but full participation requires a minimum investment of 50 USDT, 0.02 ETH, or 0.005 BTC. The low barrier ensures they can hook as many people as possible.

Why Qwidex Screams Ponzi Scheme

Qwidex claims its revenue comes from automated trading bots, but there’s no evidence to support this. If the bots were real and capable of generating 3.35% daily, wouldn’t the company just quietly use them to make a fortune? Instead, they’re sharing the “opportunity” with random strangers on the internet. How generous.

The reality is simpler: Qwidex pays old investors with new investors’ money. Once recruitment slows, the payouts stop, and the scheme collapses.

The FAKE CEO Playbook

The use of a “FAKE CEO” is another dead giveaway. These Eastern European scams use fake executives with fabricated backstories, and Qwidex fits the mold perfectly. With its actor-turned-CEO and dubious ties to Australia, the scam is as transparent as it is laughable.

The Collapse Is Inevitable

Ponzi schemes like Qwidex always end the same way. Recruitment slows, funds dry up, and the platform vanishes, leaving investors high and dry. Most participants lose money—it’s not if but when.

Final Thoughts: Should You Join Qwidex?

While the marketing might be entertaining, Qwidex is a financial disaster waiting to happen. Between its fake executives, shady compensation plan, and lack of transparency, this scheme is a one-way ticket to losing your cryptocurrency. Save your money—and your sanity—and steer clear.

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