XOXO Network: Decentralized Smart Contract Blockchain Opportunity?

Since the build up and emergence of the bitcoin halving event, cryptocurrency-based multi-level marketing (MLM) schemes have been on the rise again. While some seem to act in honesty, others seem to take advantage of naïve investors under the guise of “blockchain”, “decentralized” and “smart contracts”. With that said, the purpose of this review is to assess a new crypto MLM opportunity that goes by the name of XOXO Network. What initially made this an appealing opportunity is how flexible it is in joining different global powerline autopools.

However, as long as this isn't your first rodeo inside the largely failed blockchain-based -network marketing arena, you should be fine in understanding exactly what XOXO Network is, how the Ethereum smart contract blockchain functions and whether or not this high risk, low to medium reward business model is right for you.

Here’s a look at everything that has been disclosed thus far about XOXO Network, found at XOXO.run:

What is the XOXO Network?

The XOXO Network is described as a decentralized, peer to peer global powerline networking system that runs on set protocols with no admin or official company. While there are glaring holes right from the start, based on the Ethereum network, this system requires members to choose between different smart contract projects that could potentially yield profits. Before getting into the different pools one can join, it is crucial to familiarize oneself with some of its noted features.

It seems the cat is out of the bag when it comes to running these “adminless” MLM opportunities as a few others such as Forsage has popped up in the past few months as well. Time will tell if these start to become a dime a dozen network marketing businesses that position themselves as self-executing blockchain-based smart contract platforms.

What are the XOXO Network’s features?

In general, the XOXO Network is praised for its “simple, secure and lucrative” system. By choosing Ethereum as their network, the team affirms that members are provided with a smart contract that is secure and stable. Other notable features include:

• Limited chances of hacks and/or scams, hence risks are minimized
• Unlimited referral bonus
• Seven different global autopools to choose from
• Un-erasable and un-cheatable
• Instant payouts

How does the XOXO Global Powerline Networking System work?

Members are required to download the METAMASK WALLET to their Chrome browser. Should one feel more comfortable using their respective smart mobiles, then the TRUST WALLET should be downloaded. This supports both Android and iOS users.

To register for Autopool 1, it is mandatory that one funds their respective wallets with 0.1 ETH. This entry amount is paid to previously joined members according to the smart contract protocols and this process applies up to four levels. To join Autopool 1, one direct referral is necessary. For Autopools 2 to 7, no direct referrals are needed.

What is the XOXO Network’s Profit-Generating Potential?

Every existing user in this system gets paid from every new member and by automatic re-entries on Autopool 2 to 7. Once a member earned and cycled out of one Autopool, part of the earnings is paid back into the same Autopool so that consistent income is generated.

Hence, the profit-generating potential rests in the latter few pools. As per the XOXO network, this is a way to make passive income. As for the aforementioned four levels, the profits that could be generated under Autopool 1 are as follows:

• For all level 1 referrals: 50% or 0.05 ETH
• For all level 2 referrals: 25% or 0.025 ETH
• For all level 3 referrals: 15% or 0.015 ETH
• For all level 4 referrals: 10% or 0.010 ETH

Here is a closer look at how this network operates:

For example, if a member brings in 5 people, then he/she makes a 50% profit. For each new member, they have to recruit one other member. So, when the five people each bring in 5 other people, the member who made 50% off of the first level, will in addition make 25% off of the second level. For every level fulfilled (up to four levels), profit is generated. Ultimately, by bringing one person the downline is expected to expand and the original member will make money off of each member.

Once the one person is brought to the system, members will be able to join pools 2 to 7. The only difference now is in the entry fees. If Autopool 2 was chosen, then a fee of 0.2 ETH must be paid. 50% of 0.2 ETH is paid to the sponsor. Then, for every member joined under the main person, 0.1ETH will be paid out. This process is the same for all levels moving forward. To make better sense of how this works, click here.

Final Thoughts

The XOXO Network is simply a less restricted multi-level marketing (MLM) scheme, where profits are generated depending on how many members are present in the down line. Each pool only allows four levels, and for every member in each level the profits generated are 10, 15, 25 and 50% respectively. What makes this program flexible is that in order to get started only one referral code is needed. This means that for those who wish to join other pools at some point can do so as long as they’ve made their way into the first pool.

Besides its flexibility and the use of ethereum as the network, the main drawback rests in the mere fact that there’s a lack of information on the company itself (if it is run by a company). The referral codes are surely coming from somewhere but tracing back to the original member is not so clear.

It seems like there’s a Facebook group dedicated to this system. However, the name change “XOXO Network” appears to be more recent. In investigating the group history, it is found that this same group was called, “Tornado Rising and TR Masternodes” on December 9, 2018, and was later changed to “XOXO Network” on April 22, 2020. It seems like the same people behind the first group are also in charge of the second, but again there’s no mention on who they might be.

As for the Trust Wallet, there might be problems for iOS users, as the former has decided to remove the Dapp browser to comply with Apple Store guidelines. In joining the official XOXO Network Telegram group, many members have since disclosed they either came across an error when completing the transaction or have payouts pending for some time now. From the looks of it, the team might be having a difficult time rerouting the payments. Ultimately, for those interested in the XOXO Network, they should proceed with caution.

To find out more about the XOXO Network, see the official website at XOXO.run.