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AI + NFTs + metaverse MLM crypto grift


Blockchain Alliance operates within the cryptocurrency MLM area of interest.

Heading up the corporate we now have CEO Joshua Denne.

As per Denne’s LinkedIn profile, he’s additionally the CEO of Blockchain Funding.

Blockchain Funding was launched in 2017 and claims to “present cutting-edge options for Web3, NFT, and blockchain initiatives”.

At time of publication SimilarWeb tracked negligible site visitors to Blockchain Funding’s web site area.

Blockchain Funding’s Instagram profile hasn’t been touched because it was created in April 2022. Blockchain Funding’s Twitter profile is clean, indicating it too hasn’t been used because it was created in April 2022.

Along with no web site site visitors, it seems Blockchain Funding is lifeless.

It needs to be famous that the identical folks behind Blockchain Funding are behind Blockchain Alliance:

Previous to launching Blockchain Alliance, Denne was a promoter of the Daisy Foreign exchange Ponzi scheme.

In February 2023, Denne claimed his scamming with Daisy Foreign exchange was “simply getting began”:

Unsure what occurred there. A month later Denne introduced Blockchain Alliance’s April 2023 prelaunch.

Of be aware is that this March 2023 Instagram publish from Denne, during which he represents serial scammers Rabu Gary and Avinash Nagamah as “enterprise companions”.

Gary and Nagamah have been not too long ago outed as prime net-winners within the collapsed $500 million Merchants Area Ponzi scheme. Whether or not Denne was a Merchants Area investor is unclear.

Circa 2021 Denne was selling Chris Snook’s SDK Meta “organized crime tier privateness telephone” grift.

SDK Meta seems to have collapsed in early 2022.

Going again additional, in 2020 Denne was selling Effectively Past.

Effectively Past took place after Jeremy Reynolds bought what was left of MXI Corp after it collapsed in 2017.

Initially Effectively Past continued to promote MXI Corp’s Xocai chocolate dietary supplements. In 2020 Reynolds started funneling Effectively Past distributors into Travis Bott’s Onyx Way of life Ponzi scheme.

Though he denies having “any energy” within the firm, Clif Braun was initially cited as an Onyx Way of life co-founder.

Braun is concerned in Blockchain Alliance.

Onyx Way of life would ultimately turn out to be Digital Revenue in mid 2020. Jeremy Reynolds signed on as a Digital Revenue co-founder with Travis Bott.

Digital Revenue collapsed in August 2021. What was left of Effectively Past was bought off to My Each day Alternative in September 2021.

As finest I can inform, Denne’s descent into MLM crypto fraud started with Effectively Past.

Earlier than he acquired a style for crypto fraud, Denne made a reputation for himself in Seacret Direct (2011 – 2018).

Different names I acknowledged on Blockchain Alliance’s company staff embody Toan Nguyen, Wayne Marcel and Doug Kyle.

Toan Nguyen is co-founder of LaCore Enterprises’ Elomir.

By way of his Passive Revenue Group YouTube channel, Nguyen has been selling MLM crypto Ponzi schemes since mid 2018.

Eight days in the past Nguyen uploaded a promotional evaluate of the not too long ago launched MuQuant MLM crypto Ponzi scheme:

Wayne Marcel and Toan Nguyen teamed up in early 2022 to launch Definity FI Academy, a collapsed MLM crypto Ponzi scheme.

Doug Kyle is co-founder of KulaBrands.

No company handle is offered on Blockchain Alliance’s web site. On LinkedIn, Joshua Denne cites his location as Arizona within the US.

Presumably this implies Blockchain Alliance can be being operated from Arizona.

Learn on for a full evaluate of Blockchain Alliance’s MLM alternative.

Blockchain Alliance’s Merchandise

Blockchain Alliance sells entry to particular person services by way of what they name “entry passes”.

Services and products featured in Blockchain Alliance’s advertising embody:

  • digieBot Buying and selling Account – “an automatic buying and selling bot that … executes trades robotically 24/7 with out human help”
  • nSights Buying and selling Account – “a decentralized, semi-auto buying and selling bot powered by digieBot Applied sciences Inc”
  • Academy Entry – “a complete academic platform centered on Web3 expertise”
  • Alliance AI Entry – “enhanced prospecting, customized teaching, and predictive market insights”
  • Digital Occasion Ticket – presumably a ticket to a paid webinar
  • DAO – three-tier group by way of which associates are led to imagine they will vote on enterprise associated issues, however the majority of votes solid are by Blockchain Alliance executives
  • Utherverse – metaverse grift

It’s value noting that Blockchain Alliance’s advertising cites twelve entry cross tiers. There are 9 above with the opposite three presumably “TBD”.

Blockchain Alliance attire up its product service tiers as NFTs. There doesn’t look like any cause for this aside from “as a result of crypto”.

On pricing, Blockchain Alliance is presently hiding this data from shoppers:

From what I’ve been capable of piece collectively, Blockchain Alliance’s entry passes begin at $200…

…and run into the 1000’s. This advertising slide suggests Blockchain Alliance entry passes will price as a lot as $20,000:

Entry cross charges are represented to be month-to-month recurring subscriptions.

Blockchain Alliance’s Compensation Plan

Blockchain Alliance’s compensation plan pays on entry cross gross sales to retail clients and recruited associates.

Referral Commissions

Blockchain Alliance pays referral commissions on entry cross charges down two ranges of recruitment:

  • degree 1 (retail clients and personally recruited associates) – 15%
  • degree 2 – 10%

Prime Producers Pool

Blockchain Alliance takes 2% of company-wide entry pas charges and locations it into the Prime Producers Pool.

Associates who generate essentially the most quantity of entry cross gross sales quantity obtain shares within the pool as follows:

  • prime affiliate by quantity – 16 shares
  • second affiliate – 12 shares
  • third affiliate – 10 shares
  • fourth affiliate – 7 shares
  • fifth affiliate – 6 shares
  • sixth to tenth associates – 4 shares every
  • eleventh to fifteenth associates – 3 shares every
  • sixteenth to twentieth associates – 2 shares every
  • twenty-first to twenty-fifth associates – 1 share every

How continuously the Prime Producers Pool is paid out is unclear.

International Pool

Blockchain Alliance takes 3% of company-wide entry cross quantity and locations it into the International Pool.

The International Pool is paid out quarterly and qualification seems to be tied to entry cross gross sales quantity.

Particular particulars weren’t publicly accessible at time of publication.

Becoming a member of Blockchain Alliance

Blockchain Alliance affiliate membership seems to be free.

Associates are required to click on a “I wish to be an affiliate” checkbox when signing up.

Blockchain Alliance Conclusion

Blockchain Alliance’s principals have quite a lot of fraud-related heavy baggage.

As I perceive it Blockchain Alliance was able to launch a while in the past. The launch was delayed so “AI” buzzwords and NFTs may very well be rammed into the enterprise mannequin and advertising.

That’s after all all fluff. On the core of Blockchain Alliance’s MLM alternative is a passive returns buying and selling bot.

Having by no means heard of digieBot Applied sciences Inc, I went and appeared them up:

Shock shock, it’s run by Blockchain Alliance’s Buying and selling Staff CEO, Doug Kyle.

Kyle’s digieBot Tech accomplices, Mudasser Abbas and Brendan Duff, function alongside him on Blockchain Alliance’s web site.

When you’re questioning what occurred to the opposite KulaBrands co-founder Peter Gantner, he’s after all “secretly” concerned in Blockchain Alliance.

You received’t discover Gantner talked about on digieBot Tech’s or Blockchain Alliance’s web sites or advertising supplies.

It’s value mentioning that, a minimum of in accordance with Gantner’s LinkedIn profile, the digieBot Tech buying and selling bot grift has been occurring since January 2018.

That was over 5 years in the past. The place are the audited buying and selling outcomes?

Talking of audits, it goes with out saying that the passive returns supplied by way of Blockchain Alliance’s buying and selling bots constitutes a securities providing.

With Joshua Denne and Blockchain Alliance being based mostly out of the US, this requires registration with the SEC.

A search of the SEC’s publicly accessible Edgar database reveals neither Blockchain Alliance, Joshua Denne, digieBot Tech, Doug Kyle or Peter Gantner are registered.

digieBOT Tech is talked about in a 2019 KulaBrands submitting however that’s a part of the corporate’s failed IPO try. It doesn’t disclose KulaBrands providing securities by way of its automated buying and selling bot.

Lately we’ve additionally seen the CFTC go after MLM automated buying and selling bot schemes. Though not as clear minimize as securities fraud, failing to register with the CFTC may also set off commodities fraud violations.

Though the hyperlink is presently disabled, I additionally couldn’t assist however discover “staking” in Blockchain Alliance’s web site footer:

This doubtlessly opens the door for a “staking” fashion crypto Ponzi sooner or later (I didn’t see any point out of 1 in researching this evaluate).

Connected to Blockchain Alliance’s securities and potential commodities fraud is a pseudo-compliance MLM compensation plan.

Retail and affiliate Blockchain Alliance participates join with the identical kind. The one distinction is Blockchain Alliance associates click on a checkbox.

If this stays the identical it goes with out saying the corporate goes to be affiliate-heavy. It will end in Blockchain Alliance furthering their fraud by working as a pyramid scheme.

Between securities and commodities fraud and passive returns being supplied by way of a five-year outdated automated buying and selling bot, how Blockchain Alliance in the end pans out will doubtless be a repeat of Digital Revenue.

Rigged trades in favor of these working the scheme, with everybody else dropping out.



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