Further clarification on referral rewards:
Ed notes "25 USDT" and "6.25 USDT" as referral commissions. These are paid daily as referrals fund packages. That is the total that the program pays out, however, there is a $5 admin fee on each 25 USDT commission withdrawal and a 0.50 USDT fee on the 6.25 USDT commission. The commissions are sent individually, at least for now. I don't know the technical reason behind why this is. Point being, it's actually 20 USDT and 5.75 USDT for the Tier 1 and Tier 2 commissions. If a referral orders multiple packages, say, 10, and the commission total on that one order is 250 USDT, then 245 USDT would be sent (250 USDT commission - 5 USDT admin/withdrawal fee). So, it's each package "bundle" purchase that generates each commission payment, regardless of how many packages were purchased in that one transaction.
F.A.Q.
What is the "risk level" of this deal? How safe is it?
I don't know. I'm not qualified to evaluate risk. I'd suggest that anyone looking into this should consult a qualified professional investment advisor or attorney for such. I have only lay-opinions. If I were forced at gun point to declare a level of risk I'd say, "Very high risk," simply because of the anonymity of the people doing the ad arbitrage and the lack of any ability to view the ad arbitrage transactions on the back end. This however would be a total guess and may be 100% wrong. I know what you know if you've watched the video above.
Who is running the advertising that is being abitraged?
I have no idea. As Ed says in the video, they wished to remain anonymous. Ed says they have been doing this for 20 years and that he has personally been working with them for 10+ years. I cannot confirm nor deny the correctness of Ed's statements.
What currency can be used to fund the packages?
USDT (ERC20) or USDT (TRC20).
What currency are profits paid in?
USDT (ERC20) only.
Is there a Facebook group?
Yes. It's private and has a strict "no spamming", "no promotions" policy. Anyone found contacting members of the group to promote other offers will be permanently removed and the person who invited them to the group will also be removed. In order to get into the group you must be invited by a member whom you are connected to as "Friends" on FB. If you wish to enter the group to see what others have to say about the deal, and you'd like me to invite you, I can but understand that I only do so as a courtesy to allow you the chance to vet this deal yourself. By inviting you to the FB group I am in no way endorsing or recommending that you participate in this deal. Just email me if you wish to get in there.
Is this legit?
If you've watched the video above, you have the same data I have. I cannot attest to legitimacy, nor can I attest to illegitimacy. I know what you know. As noted earlier, this could be very, very high risk, or it could be nearly zero risk. I have no idea, nor am I qualified to evaluate risk for others. I'm not recommending, suggesting or implying that you should be part of this deal. This info is for your informational purposes only and any decisions you make regarding what you do with your crypto are your responsibility. I have met Ed and he seems like a nice guy but I have no way of confirming any of the statements he makes. If someone doesn't want any risk, they should not participate in any deal like this, in my lay opinion.
Ed says, "25% monthly" and the headline above says 21.8 to 22.7%. Why?
Firstly, I don't think any guarantees can be made. Theoretically it's possible that the advertising arbitrage on the back end could lull and not produce what was intended, though I've never heard Ed mention that possibility and he claims he's been doing this with them for 10+ years. So, just know that there is a possibility that the % could be lower. Secondly, the 25% monthly is calculated on the 500 USDT per package however the package price is 550 USDT. 25% of 500 is only 22.7% of 550. In addition, there is a 5 USDT admin/withdrawal fee for every withdrawal. If you owned only one package that would take your monthly profit down to 120. 120/550 is 21.8%. Of course, if one owns multiple packages which they funded all in one transaction, the profit on those will be paid in one transaction. So the more packages one acquires at one time, the closer to 22.7% they get, because the volume of funds is larger in comparison to the 5 USDT admin/withdrawal fee. The simplicity is, each package is 550 USDT to fund and they are claimed to pay out 125 USDT per month.
What crypto wallets can I use?
Members must us a non-custodial crypto wallet and may not use a crypto exchange to send to and from. This is directly from the Crypto Program terms.
Here is a list of supported wallets:
Exodus
Trust Wallet
MetaMask
Ledger
Ngrave
Atomic Wallet
Klever
Coolbit - Cold Wallet
Brave Wallet
SafePal
Trezor
TronLink
Edge
Streakk
BitBox02
I've never used crypto before, how do I fund packages?
In order to work with crypto, one first needs to buy crypto, in this case USDT ERC20 or, USDT TRC20.
The flow would be:
-Get a non-custodial crypto wallet (see previous FAQ listing above).
-Create Account on Crypto Exchange (Google for list of crypto exchanges and pick one)
-Fund that crypto exchange account with a fiat currency wire from your bank
-Use that fiat deposit that you made to buy USDT or USDC on that exchange.
-Send ("withdraw") the USDT ERC20 to you non-custodial wallet.
-Follow the funding instruction in the Crypto Program member area to fund packages using your non-custodial wallet.
(You can Google for the exact steps on how to do each thing for whichever wallet you are using. Also, most wallets and exchanges have Customer Service people to assist you to get set up.)
SUGGESTION:
If you've never used crypto before you should be aware that you need to make a record/log/accounting for every crypto transaction, and make notes about what exactly the transaction was for, including: the date/time, the amount of currency, the type of currency, the fiat value of that currency at the time of the transaction, the transaction hash#, the wallet you used to send and the wallet it was sent to. If you don't do this, your life will become a nightmare come tax season. Every time you buy, sell, transfer/deposit/withdraw anything, whether it's fiat-to-crypto, crypto-to-fiat, crypto-to-crypto, or just a transfer from one wallet to another, you need to log that in detail so you can follow the chain later, if needed. I'd say that the excuse of "Well, I didn't know how to keep records," is not going to work as far as the the tax collectors are concerned. You'd need to be able to explain exactly what happened in order to calculate taxes correctly. (This is not tax advice. Seek the counsel of a qualified professional for such.)
IMPORTANT NOTE REGARDING QUESTIONABLE TAX ADVICES:
I have observed that in this world of passive deals, one comes across various people who choose to spew incorrect opinions as "tax advice." I've heard people say things such as, "You don't have to pay taxes on your gains until you withdraw your crypto to your bank account." (WRONG!) Or, "It's not at taxable event unless you are repatriating the funds back to your country," and other such things which I believe are nonsense. I am not a tax advisor. Seek your own counsel via credible tax attorneys and Enrolled Agents. Be sure to consider any such recommendations regarding taxation as potentially incorrect lay opinion only. Many of the things I hear, especially regarding what it is which creates a taxable event, I believe are false.
In the USA, for example, the IRS doesn't care from what country you earn your profits/gains. Other countries may have different rules. The USA is one of a few countries that tax income regardless of where it was earned (outside the USA). The idea that one can simply participate in an offshore deal, make profit, hold those profits in an off-shore crypto wallet and thus not have any tax obligation is not correct. If you disagree, simply call the IRS and ask them. Call any tax attorney worth his salt and ask him. Understand that any action you take or do not take regarding payment or lack of payment of taxes falls upon yourself if you get it wrong.
Personally, I hired four CPAs, two attorneys and one Enrolled Agent (because you'll get different advice from different advisors). All those gave the same answer on that question of off-shore profits and/or crypto holdings. There is also an idea that if one owns an off-shore LLC and the LLC is the entity doing the investing and those funds never come back in to the USA, it's not taxable. This is wrong. The IRS does not care if it's the LLC or you personally making the investments. If you are a shareholder (even if you have your identity hidden behind another name using a "managing director", and that LLC sees income, you are responsible for the taxes. Sure, one could commit perjury on their tax form, lie and say they don't have any off-shore accounts or income, but that is also illegal.
This is my personal conclusion after spending many thousands on attorneys, CPAs and an Enrolled Agent. It could be that for Canadians, or citizens of other countries, these rumors/claims are correct. I do not know. What I do know is, you pay the penalties for failure to pay taxes in the USA. If your attorney or CPA advise you and you follow their advice and it wrong, it's still you who pays the penalty, not the attorney or CPA. So do whatever you need to do to make sure that you are operating correctly, and in a way that is legal. And when it comes to taxation advice I would recommend hiring an Enrolled Agent or an actual Tax Attorney who specializes in crypto and investment deals. CPAs generally do not know a lot about taxation and this is especially true when you start throwing curve-balls at them with deals that are outside the box such as P.A.M.M. accounts, royalty-sharing deals, crypto staking, etc.