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Streakk works in the niche of cryptocurrency. Suki Chen is the founder and CEO of the company.

Suki Chen’s actual name is Sukijami Chendrawan. People think he was born in Indonesia.

Chen’s Streakk bio says that he is “an experienced entrepreneur with a proven track record.”

Chen’s LinkedIn profile says that he has a background in early education and life insurance. Then, he worked for Odem for a short time as an executive. After that, he did the usual string of failed blockchain bro projects.

Chen seems to have started over in late 2018 as a “blockchain bro.”

On Chen’s LinkedIn profile, it says that Streakk was released in 2019.

This is not true. The website domain for Streakk wasn’t set up until May 21, 2022. Before May 2022, there was no such thing as Streakk.

His LinkedIn page says that Chen and, by extension, Streakk are based in Dubai.

On the Streakk website, you can also find information about how to reach an office in Singapore. It’s not clear how much Streakk is physically present in Singapore.

Dubai is the world’s MLM crime capital. Any MLM company that is based in Dubai or says it has ties to Dubai is a red flag.

The rules for Dubai from BehindMLM are:

If someone from Dubai tells you about an MLM opportunity, they are trying to take advantage of you.
It’s a scam if an MLM company is based in or says it has ties to Dubai.
Read on for a full review if you want to know how this applies to Streakk.

Products by Streakk
Streakk has no goods or services that can be sold.

Affiliates can only sell affiliate membership in Streakk.

Streakk’s plan for getting paid
Affiliates of Streakk invest in cryptocurrency based on the promise of returns:

You can invest in bitcoin and get 7% a year.
If you invest in ethereum, you’ll get 10% a year.
Invest in tether and get 14% back every year
Invest in binance coin and get 15% back every year
Invest in Cardano and get 15% back every year
Invest in polkadot and get 16% back each year
Invest in STKK, Streakk’s own token, and you’ll get 20% back every year.
Put money into MATIC and get 15% a year
Note that Streakk advertises annual return rates, but returns are actually paid out every week.

Streakk’s marketing says that the least amount you can invest in any cryptocurrency is $100 USD. It looks like the most you can invest is $200,000 USD.

Affiliates of Streakk can invest in node positions as well as directly in cryptocurrency.

Shared Node: Invest $100 or more for 7 years and get 2% back in STKK tokens every week.
Dedicated Node: Invest $5,000 or more for 7 years and get 5% back in STKK tokens every week.
Dedicated Node Pro: Invest $25,000 or more for 7 years and get 8% in STKK tokens every week.
Marketing for Streakk says that an extra 2% is paid out every week:

It’s not clear what or how this is paid out. Also, keep in mind that, according to the Streakk marketing slide above, you can’t withdraw your STKK returns for 100 weeks, which is almost 2 years.

The MLM part of Streakk pays affiliates for the money they put in.

Streakk Affiliate Ranks
In Streakk’s compensation plan, there are 15 ranks for affiliates.

Here are their names and the qualifications they need to meet:

Sign up to be an affiliate for Streakk.
Jade: Get other people to put at least $2,000 into cryptocurrency.
Pearl: Get at least $5,000 from other people to invest in cryptocurrency.
Sapphire: Get at least $10,000 from other people to invest in cryptocurrency.
Sapphire 25: Get at least $25,000 from other people to invest in cryptocurrency.
Ruby: Get at least $50,000 from other people to invest in cryptocurrency.
Emerald: Get at least $100,000 from other people to invest in cryptocurrency.
Diamond: Get at least $250,000 from other people to invest in cryptocurrency.
Double Diamond: Get at least $500,000 from other people to invest in cryptocurrency.
Triple Diamond: Get at least $1,000,000 from other people to invest in cryptocurrency.
Crown Diamond: Get other people to invest at least $2.0 million in cryptocurrency.
Royal Crown Diamond: Get at least $5,000,000 in cryptocurrency from other people.
Vice President: Get people to invest at least $10,000,000 in cryptocurrency.
Senior Vice President: Get other people to invest at least $30,000,000 in cryptocurrency.
Global President: Get other people to invest at least $50,000,000 in cryptocurrency.
Note that only 40% of the cryptocurrency invested from any one recruitment leg counts toward the required amounts (see “Referral Commissions” below for a unilevel explanation).

Commissions for referrals
Streakk uses a unilevel compensation structure to pay referral commissions.

With a unilevel compensation structure, an affiliate is at the top of a unilevel team, and every other affiliate they personally recruit is right under them (level 1):

If an affiliate on level 1 brings in new affiliates, those new affiliates join the original affiliate’s unilevel team on level 2.

If any level 2 affiliates bring in new affiliates, they move to level 3, and so on until there are no more levels to go down.

Streakk caps payable unilevel team levels at 15.

Commissions for referrals are paid out as a percentage of the amount of cryptocurrency invested at each of these 15 levels:

level 1 (affiliates you recruited yourself): 15% level 2: 2 – 10% level 3 – 7% levels 4 and 5 – 5% levels 6 and 7 – 2% levels 8 to 13 – 1% levels 14 and 15 – 2%
Rank Achievement Bonus
Affiliates who reach Pearl and above get the following one-time Rank Achievement Bonuses from Streakk:

qualify at Pearl and get $200; qualify at Sapphire and get $400; qualify at Sapphire 25 and get $1,000; qualify at Ruby and get $2,000; qualify at Emerald and get $4,000; qualify at Diamond and get $10,000; qualify at Double Diamond and get $20,000; qualify at Triple Diamond and get $40,000; qualify at Crown Diamond and get $80,000; qualify at Royal Crown Diamond and get $200,000; qualify at Vice President and get $400,000; qualify at Royal Crown Diamond and get $200,000; qualify at Triple Crown Diamond and get $40,000; qualify at
Over the course of five months, Streakk gives out Rank Achievement Bonuses at a rate of 20% per month.

Global Lifetime Pool
Streakk puts 10% of the money invested by the whole company into four smaller pools of 2.5% each.

Affiliates get a piece of these pools based on how well they do:

Affiliates from Sapphire 25 to Emerald get a piece of one of the 2.5% pools.
Affiliates from Diamond to Triple Diamond get a piece of two of the 2.5% pools.
Crown Diamonds and Royal Crown Diamonds have shares in three of the 2.5% pools.
Vice Presidents and above get a piece of each 2.5% pool.
Signing up to be an affiliate for Streakk seems to be free.

The End of the Streak
Streakk is another MLM cryptocurrency Ponzi scheme that uses “staking” and “annual yield” as marketing terms.

“Investing” is what “staking” means in the crypto world. “Annual return” is what crypto geeks call “Annual yield.”

This business model is an offering of securities, which means Streakk has to register with the government.

SimilarWeb says that France (43%), Spain (19%), Germany (10%), and Italy (5%) are the top countries sending people to Streakk’s website.

In none of these countries, Streakk is registered to sell securities. This means that Streakk is at least guilty of securities fraud.

Ponzi schemes, which are what MLM companies do, are forms of securities fraud.

That is to say, all Streakk does is use the money they get from new investors to pay back old investors.

STKK token is a BEP-20 shit token. Streakk can make STKK whenever it wants to, which lets it pay out ridiculous returns and make monopoly money out of thin air.

In August 2021, STKK went into service. In late October, Streekk went up to $419 through what looks like wash trading.

Then, trading volume crashed (that is, the bot trading volume went down), which drove STKK down to $156 in the middle of December. This is typical of the withdrawal pressure Ponzi schemes feel during the holiday season.

STKK has gone back up to $287 as of the middle of December. This probably has something to do with bringing in new investors.

As with all MLM Ponzi schemes, new money will stop coming in once affiliate recruitment stops.

This will stop Streakk from getting money from ROI, which will eventually cause it to fail.

Because Ponzi schemes are based on math, when they fail, most investors will lose money.

Look no further than Aubit/Freeway if you want to see this in action with a “staking” MLM crypto Ponzi scheme that just went down.

Same business model, same nonsense, same inevitable losses.

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