Xera Pro emerged in Dubai in January 2024, continuing the legacy of failed multi-level marketing (MLM) and Ponzi schemes. It basically was a mix of buzzwords: AI trading bots, cryptocurrencies, and NFTs. The platform claimed to use advanced technology and expert strategies to generate astronomical returns for its users.
Originally formed from the remnants of Safir International, Success Factory, and The Blockchain Era, Xera Pro claimed to offer lucrative investment opportunities. It was officially launched at an event in Dubai, hinting at a fresh start with the same risky business model.
Soon after its launch, Xera Pro faced scrutiny. In April 2024, the Australian Securities & Investments Commission (ASIC) issued a fraud warning against the company, noting it was unlicensed in Australia.
By July, users started reporting problems with withdrawals, indicating deeper issues.
Regulatory Details:
By mid-July, the cracks in Xera Pro’s facade were widening. Investors reported difficulties withdrawing their funds, and the platform announced a sudden “maintenance” period.
In a bid to escape negative press, Xera Pro announced a rebranding to Homnifi, promising new features and opportunities. This change was introduced on August 3rd on their official telegram chanel as a strategic move to regain trust and attract new investors.
Xera Pro marketed itself through advanced-sounding projects like an AI trading bot called Quantwize and various cryptocurrency schemes. Those who opted for the top-tier package were enticed with additional “benefits,” such as the ability to invest even more money and participate in simulated mining operations.
| Feature | Description |
|---|---|
| Quantwize | Marketed as an AI trading solution. |
| Investment Tiers | Ranges from 110 EUR to 1.11 million EUR. |
| Cryptocurrencies | Introduced new cryptocurrencies such as EURX, often linked to high risks and lack of backing. |
Like many Ponzi schemes, Xera Pro relied on a multi-level marketing (MLM) structure to fuel its growth. Participants were encouraged to recruit new investors, earning commissions and bonuses based on their downline’s investment volume. And it’s not like they tried to hide it, as it’s literally written in their terms and conditions page:
This created a pyramid-like structure, where the scheme’s sustainability depended on a constant influx of new money.
Looking past the fake positive reviews on sites like Trustpilot, the reality of Xera Pro’s deceptive practices becomes clear. User reports highlight issues like closed withdrawals and the rebranding to Homnifi, raising serious concerns about the company’s legitimacy.
Xera Pro is a classic example of the dangers in high-risk investment schemes. These schemes, often characterized by flashy promises and opaque operations, cycle through phases of hype, collapse, and rebranding, ultimately leaving investors holding the bag.
Xera Pro is an unregulated investment platform that recently stopped withdrawals and rebranded as Homnifi.
No, it operated without a financial license and was flagged by ASIC as an unlicensed entity.
AI trading bots, node and validator schemes, and cryptocurrency tokens.
Unfortunately, it appears that Xera Pro stopped withdrawals and rebranded in July 2024.
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