Forsage XGold is part of Lado Okhotnikov’s stable of Forsage branded Ponzi schemes.
According to his Facebook profile, Okhotnikov is based out of Moscow, Russia.
Okhotnikov (right) describes himself as the king of decentralized MLM.
Decentralized MLM being code for crypto Ponzi schemes.
Launched in April 2020, by September or so Forsage had gone into decline.
This prompted Lado to launch Fortron, the same smart-contract Ponzi recycled with TRON.
After publishing our Forton review last September, I figured that was the end of Okhotnikovs smart-contract recycling.
Recently however I was contacted by a reader informing me theyd been pitched on new Forsage spinoffs.
Today were looking at Okhotnikovs fourth Forsage company; Forsage XGold.
Forsage XGold’s Products
Forsage XGold has no retailable products or services, with affiliates only able to market Forsage XGold affiliate membership itself.
Forsage XGold’s Compensation Plan
Forsage XGold affiliates invest 200 to 1,300,000 TRX on the promise of a 1020% ROI.
Forsage XGold calculates returns through a 2×4 matrix cycler.
A 2×4 matrix places an affiliate at the top of a level, with two positions directly under them:
These two positions form the first level of the matrix. The second level of the matrix is generated by splitting these first two positions into another two positions each (4 positions).
Levels three and four of the matrix are generated in the same manner, with each new level housing twice as many positions as the previous level.
Each 200 TRX buy-in creates a new position on the first matrix cycler tier.
Positions in the matrix are filled by subsequent 200 TRX position investments.
The split of funds across the 2×4 matrix is as follows:
level 1 (2 positions) – 100% of the buy-in is passed upline to the affiliate who recruited you
level 2 (4 positions) – 20% of the buy-in is kept
level 3 (8 positions) – 30% of the buy-in is kept
level 4 (16 positions) – 50% of the first fourteen position buy-ins is kept, the remaining two positions are used to fund a new Xgold cycler position on the same tier
There are fifteen Forsage XGold cycler tiers, the math works out the same across all of them:
Tier 1 (detailed above) – 200 TRX
Tier 2 – 400 TRX
Tier 3 – 600 TRX
Tier 4 – 1600 TRX
Tier 5 – 3200 TRX
Tier 6 – 6400 TRX
Tier 7 – 12,800 TRX
Tier 8 – 29,600 TRX
Tier 9 – 51,200 TRX
Tier 10 – 100,000 TRX
Tier 11 – 200,000 TRX
Tier 12 – 500,000 TRX
Tier 14 – 800,000 TRX
Tier 15 – 1,300,000 TRX
Joining Forsage XGold
Forsage XGold affiliate membership starts at 200 TRX.
Full participation in Forsage XGold costs 3,006,000 TRX.
Conclusion
Rather than adopt the gifting model of previous Forsage iterations, Forsage XGold is more of a pyramid scheme approach.
The end result is the same though, with a set percentage paid out each matrix cycle.
That slight difference aside, Forsage XGold is a continuation of Lado Okhotnikov’s Ponzi scamming.
Tron goes in, Okhotnikov takes most of it through admin positions in the upper tiers, recruitment collapses, sorry for your loss.
Looking forward it seems Okhotnikov’s next Forsage Ponzi will run on “Binance Smart Chain”.
As stated by Okhotnikov in the above Facebook video;
Since at the moment Binance Smart Chain surpasses all other networks, including ethereum, in activity, you can imagine what a furor the launch of Forsage will cause.
Like Forsage’s transition from ethereum to tron; new vehicle, same Ponzi scam.
Footnote: This review is part of a series documenting Lado Okhotnikov’s Forsage Ponzi schemes.
To date that includes:
Forsage – launched Feb/Mar 2020
Fortron – launched Aug/Sep 2020
ForsageTron – launched sometime after Jul 2020
Forsage XGold – launched Sep 2020
Update 5th August 2022 – The SEC has filed securities fraud charges against Vladimir “Lado” Okhotnikov. Ten additional Forsage insiders and US promoters have also been sued.
The SEC alleges Forage and its various together formed a $300 million dollar Ponzi scheme.
