Iskander Community operates within the MLM crypto area of interest.
The corporate is headed up by Chairman of the Board Bobby Grey, aka Rob Grey and Robert J. Grey.
Grey additionally runs TexitCoin, an MLM crypto funding scheme which collapsed in late 2025.
We’ll additional discover Iskander Community being a TexitCoin reboot within the conclusion of this overview.
As an alternative of being trustworthy about having a controlling stake within the firm, Grey runs Iskander Community via the Wyoming shell firm Iskander DMC.
Neither Grey or Iskander Community have any bodily ties to Wyoming. Infact Grey, a Texas native, is presently hiding out on a yacht in Singapore.
Grey was purportedly in Hong Kong when the Texas State Securities Board issued a TexitCoin securities fraud stop and desist in February 2026.
As an alternative of returning to the US to clear his identify, Grey fled to Singapore and publicly said he wouldn’t return to the US till he’s positive TexitCoin felony costs will not be pending.
Within the meantime the SEC is investigating each TexitCoin and Grey. After flying his spouse out to Singapore, Grey travelled throughout Europe for an SEC interview within the UK final week.
The SEC’s investigation into TexitCoin and Grey is ongoing.
Learn on for a full overview of Iskander Community’s MLM alternative.
Iskander Community’s Merchandise
Iskander Community has no retailable services or products.
Promoters are solely in a position to market Iskander Community promoter membership itself.
Iskander Community’s Compensation Plan
Iskander Community promoters put money into mining positions beginning at $995 in USDC and USDT cryptocurrency equivalents:
- 1 funding place = $995
- 3 funding positions = $2985
- 9 funding positions = $8955
- 27 funding positions = $26,865
- 54 funding positions = $53,730
- 81 funding positions = $80,595
- 162 funding positions = $161,190
- 243 funding positions = $241,785
Investments are made on the expectation of a passive return, paid out in Iskander Community’s ISK token.
The MLM facet of Iskander Community pays on recruitment of promoter traders.
Iskander Community Promoter Ranks
There are twelve promoter ranks inside Iskander Community’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Rank 1 – recruit two promoter traders, positioned one on either side of the binary staff
- Rank 2 – recruit two promoter traders in your stronger binary staff facet
- Rank 3 – recruit three promoter traders in your stronger binary staff facet
- Rank 4 – recruit 4 promoter traders in your stronger binary staff facet (two on both facet of the binary staff)
- Rank 5 – recruit 5 promoter traders in your stronger binary staff facet
- Rank 6 – recruit six promoter traders in your stronger binary staff facet
- Rank 7 – recruit seven promoter traders in your stronger binary staff facet
- Rank 8 – recruit eight promoter traders in your stronger binary staff facet
- Rank 9 – recruit 9 promoter traders in your stronger binary staff facet
- Rank 10 – recruit ten promoter traders in your stronger binary staff facet
- Rank 11 – recruit fifteen promoter traders in your stronger binary staff facet
- Rank 12 – recruit twenty promoter traders in your stronger binary staff facet
For “binary staff” particulars check with “Residual Commissions” beneath.
Residual Commissions
Iskander Community pays residual commissions through a binary compensation construction.
A binary compensation construction locations a promoter on the prime of a binary staff, cut up into two sides (left and proper):
The primary degree of the binary staff homes two positions. The second degree of the binary staff is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary staff are generated as required, with every new degree housing twice as many positions because the earlier degree.
Positions within the binary staff are stuffed through direct and oblique recruitment of promoters. Word there is no such thing as a restrict to how deep a binary staff can develop.
Iskander Community pays residual commissions based mostly on funding positions matched on each side of the binary staff:
- Rank 1 promoters earn $1000 per match on as much as 3 funding positions matched on each side of the binary staff
- Rank 2 promoters earn $2000 per match on as much as 6 funding positions matched on each side of the binary staff
- Rank 3 promoters earn $3000 per match on as much as 9 funding positions matched on each side of the binary staff
- Rank 4 promoters earn $4000 per match on as much as 15 funding positions matched on each side of the binary staff
- Rank 5 promoters earn $5000 per match on as much as 21 funding positions matched on each side of the binary staff
- Rank 6 promoters earn $6000 per match on as much as 27 funding positions matched on each side of the binary staff
- Rank 7 promoters earn $7000 per match on as much as 72 funding positions matched on each side of the binary staff
- Rank 8 promoters earn $8000 per match on as much as 90 funding positions matched on each side of the binary staff
- Rank 9 promoters earn $9000 per match on as much as 108 funding positions matched on each side of the binary staff
- Rank 10 promoters earn $10,000 per match on as much as 200 funding positions matched on each side of the binary staff
- Rank 11 promoters earn $15,000 per match on as much as 500 funding positions matched on each side of the binary staff
- Rank 12 promoters earn $25,000 per match on as much as 1000 funding positions matched on each side of the binary staff
Word the above is predicated on how Iskander Community presents its compensation plan in official documentation.
Iskander Community confirms MLM commissions are funded by new funding solely:
On condition that, paying out $25,000 per match on 1000 matches ($25 million), appears mathematically unattainable when 2000 funding positions solely generates $1.9 million at $995 every.
What I suppose the tiers truly pay out on is matches made after the rank threshold is reached.
E.g. Rank 1 promoters earn $1000 per match after they’ve matched three funding positions on each side of the binary staff.
This fee can be paid out till 6/6 is reached at Rank 2, then paying out $2000 per match.
I’m nonetheless unsure how $25,000 per match after 1000/1000 is reached is feasible at $995 per funding place in income. And even $3000 per match at Rank 3 when solely $1990 is generated per match, however this isn’t actually defined.
I’ve included the residual fee chart from Iskander Community’s official compensation documentation above for reference.
I did word the sustainability clause:
Stress-tested construction with a 49% laborious cap to help long-term stability and development.
If the marketed fee charges are laborious nerfed such that they’re not anyplace close to what’s marketed, that appears fairly deceptive to me. Once more, I don’t see how $3000 to $25,000 per match is feasible when solely $1990 is generated per funding place match ($995 multiplied by two).
There’s one mannequin that is sensible mathematically however screws over Iskander Community promoters fairly badly.
Below this mannequin residual commissions are paid based mostly on accrued matches. E.g. A Rank 2 promoter has already earned on Rank and can obtain a $2000 lump sum fee as soon as 6/6 matching is reached.
Assuming they’ve met the recruitment standards, they’d then be paid $3000 at Rank 3 as soon as 9/9 matching is reached.
The rationale this doesn’t appear possible is as a result of at Rank 12 an Iskander Community promoter is sitting on an accrued 1000 matches, which interprets to $1.99 million in generated funding income.
Of that they’re solely paid $25,000? That’s fairly unhealthy and likewise, what occurs after the $25,000 is paid out? Does all the things reset? No concept.
Additionally whereas funding positions from private recruitment are held indefinitely till they’re matched, held funding positions from oblique recruitment is capped at 9. This implies 1000/1000 matching is unlikely to be linear, making the $25,000 payout versus funding income generated much more lopsided.
Truthfully the official documentation is fairly unhealthy so I’ve offered the three probably fashions I can consider. If I’ve missed one thing, convey it up within the feedback beneath.
Becoming a member of Iskander Community
Iskander Community promoter membership is free.
Full participation within the connected earnings alternative requires a minimal $995 funding.
Iskander Community Conclusion
TexitCoin because the unregistered MLM funding scheme it began as is useless. BehindMLM known as the collapse in December 2025 and TXC has been in a slow-bleed dump decline since.
The overwhelming majority of TexitCoin promoters misplaced cash. I’ll let Bobby Grey clarify the place that cash went;
[15:29] I obtained to maintain the cash that was left over on the finish of the day.
I didn’t take an official wage, I simply obtained to maintain the cash that was left over. There was some huge cash left over … I obtained to maintain the cash that was left, and there was fairly a little bit of it.
I also needs to level out that, even with TSSB proceedings ongoing and an energetic SEC investigation, Bobby Grey is representing on Iskander Community’s web site that each actions have already concluded;
We survived. We went below the microscope and got here out clear. Not a ponzi. Not a pyramid. Not a rug-pull. Not a pump. Not a meme-coin.
Not any of the opposite labels that get thrown at something new and uncomfortable on this trade.
I’m unsure what that is based mostly on (admittedly many of the copy on Iskander Community’s web site seems to be AI-generated) however, as of June 2026, it’s overtly deceptive.
With TexitCoin having accomplished its pump and dump trajectory, Iskander Community represents a second chunk on the apple.
At its core Iskander Community is identical as TexitCoin. This isn’t stunning, given how Grey pitches Iskander Community on its web site;
I constructed the outdated minetxc.com in a rush. It labored, nevertheless it was my first time doing something like this, and I didn’t have all the things required to construct a corporation that might scale.
We made too many adjustments, making an attempt to understand the joy that made us nice to start. That’s not who we’re, and it’s not what TXC deserves.
So we tore it down. IDMC is a Wyoming registered DUNA with a structure, a board, actual committees, and books anybody can learn.
The one distinction between TexitCoin and Iskander Community?
- pretending Bobby Grey isn’t in cost;
- pretending the identical MLM funding scheme isn’t an unregistered securities providing; and
- pretending an MLM firm with out important retail gross sales isn’t a pyramid scheme.
On Bobby Grey operating Iskander Community, Grey mixes a Wyoming shell firm with a typical “conceal the possession” DAO mannequin.
From Iskander Community’s web site;
A DUNA — Decentralized Unincorporated Nonprofit Affiliation — is a authorized entity sort acknowledged below Wyoming regulation. It provides a decentralized group actual authorized personhood: the flexibility to carry property, signal contracts, pay taxes, and defend its members from private legal responsibility, with out forcing it into a company or LLC mildew that doesn’t match.
Wyoming codified the construction particularly so teams like ours — coordinated, member-run, mission-driven — might function contained in the regulation as a substitute of subsequent to it.
What kind of legal responsibility would Bobby Grey be eager to “defend” himself from? You’re seeing it play out now between the TSSB and SEC.
DUNA stands for “Decentralized Unincorporated Nonprofit Affiliation”. It’s a authorized framework in Wyoming which, for the needs of MLM due-diligence and regulatory compliance with respect to securities fraud, is irrelevant.
Iskander Community makes use of DUNA instead of DAO, the MLM crypto ruse scammers use to cover possession.
The advertising arrange of Iskander Community’s DUNA and DAOs are the identical – conceal precise possession behind feigned widespread possession.
The ruse falls aside on consideration the proprietor of the MLM firm at all times has a controlling share. In your typical MLM firm hiding behind a DAO, possession shares are usually tied to an account and/or funding.
Iskander Community’s DUNA isn’t any completely different, though they’ve each simplified and sophisticated issues with “seats”. An Iskander Community “seat” metaphorically represents a seat of fractional possession within the firm.
One $995 funding place equates to 1 seat. An extra seat is awarded per three promoter traders recruited.
Naturally, the entire variety of seats Bobby Grey workouts management over in relation to the entire variety of Iskander Community seats isn’t disclosed.
A secondary strategy to gauge the unfold of centralized management of Iskander Community can be to tug up how tokens are held throughout the community.
Iskander Community does present a block explorer, via which a “High 10 wealthy checklist” is meant to be viewable.
For causes that stay a whole thriller, clicking via to Iskander Community’s “prime 10 wealthy checklist” as a substitute simply supplies a listing of latest transactions:
I’m noting on this similar web page the ISK token provide is pegged at zero, begging the query what precisely shoppers are presently investing as much as $241,785 into. No matter ISK token is internally buying and selling at inside Iskander Community, isn’t disclosed.
To attempt to determine this out I visited the “finances” part of Iskander Community’s web site. Apparently to this point $7.2 million has been invested into Iskander Community.
Given SimilarWeb tracked simply 222 visits to Iskander Community’s web site for Might 2026, I’m going to imagine Grey has rolled nearly all of cash (such that it even exists), over from TexitCoin. Word this isn’t disclosed anyplace and is simply hypothesis on my half.
As per the screenshot above, the one recorded bills are $433 for “over and admin” and $5000 for “promotion”.
Up till June fifth, 2026, there are eleven recorded transactions throughout Iskander Community:
- $433,044 was paid to “payroll” (Bobby Grey and/or buddies)
- $5000 was paid to Andrew and Tristan Tate
- $6000 was paid to dex-trade and
- $30,000 was paid to Bitmart
As of June 2026, the remaining $6,817,333.67 purportedly invested into Iskander Community stays unaccounted for. Nonetheless, any guesses as to who controls the place that cash is and what it’s spent on?
The lengthy and the in need of it, be it a DUNA or DAO, whoever owns the MLM firm maintains a controlling curiosity. Sure, you’ll be able to vote on no matter proposals the corporate proprietor comes up with however you’re by no means going to really go something that’s detrimental to the corporate proprietor.
In the event that they in some way lose management over the corporate, stated firm functionally ceases to exist.
Shifting on to unregistered securities, Iskander Community states on its web site it’s
structured to keep away from being a safety; that doesn’t get rid of the chance that an authority disagrees.
Why would possibly an authority disagree? Nicely, as a result of “structuring your self” doesn’t truly handle the problem of securities compliance.
To ascertain whether or not or not Iskander Community’s MLM alternative constitutes an funding alternative, we have to apply the Howey Check.
The Howey Check makes use of 4 standards to find out if an asset qualifies as an “funding contract” below U.S. securities legal guidelines.
To go the Howey Check, an asset should contain an funding of cash, in a standard enterprise, with an expectation of revenue derived from the efforts of others.
For Iskander Community as an MLM alternative, we have now:
- shoppers investing USD equivalents in USDT or USDC (an funding of cash) into Iskander Community (a common-enterprise);
- that is performed on the promise of a every day ROI paid in ISK tokens (an expectation of revenue); and
- ISK token distributions are generated, managed and distributed centrally via Iskander Community (derived from the efforts of others).
Iskander Community does try and sidestep the Howey Check of their “member settlement”;
Returns (if any) will come because of my energetic participation (together with promotion, referrals, and committee service), in line with the budgets and packages established by the IDMC.
I agree to meet all duties within the IDMC Structure, together with however not restricted to:
- Actively selling IDMC via lawful and authorised social media, occasions, and different channels.
- Referring not less than one new certified Member per 12-month interval.
- Volunteering for and actively serving on not less than one standing committee.
- Taking part in voting at Common Conferences.
- Complying with the affiliate/referral program phrases (which can be up to date by the Board and are capped at 49% of income).
I perceive that failure to satisfy these energetic participation necessities could end in suspension or termination of my membership, topic to due course of.
The issue is none of these actions contributes to ROI technology. Iskander Community can have its promoter traders carry out duties but when they don’t contribute to ROI technology, they may as properly not exist.
That is maybe finest illustrated by the truth that the penalty is membership termination, i.e. Iskander Community reducing traders off from returns (arguably proof of centralization in and of itself).
Iskander Community can’t make the argument that cited actions contribute to ROI technology as a result of they don’t.
From the identical Iskander Community member settlement;
All mining {hardware}, amenities, energy contracts, and different property are owned collectively by the IDMC entity, not by particular person members.
Even if you wish to dispute Iskander Community (IDMC) is Bobby Grey, it’s nonetheless a “common-enterprise” with respect to the Howey Check.
If Iskander Community promoters truly actively contributed to ROI technology, failure to conform would merely end in them not receiving a ROI. That isn’t the case.
Having established an funding contract, we are able to classify Iskander Community’s MLM alternative as a securities providing.
Neither Iskander Community, Bobby Grey or anybody else concerned in Iskander Community is registered to supply securities anyplace on the earth.
Word from a regulatory perspective, Iskander Community as an MLM alternative must be taken as an entire. Whether or not ISK token itself is a safety or not is neither right here nor there.
That’d be the equal of Bernie Madoff’s lawyer arguing he wasn’t operating a Ponzi scheme as a result of USD isn’t a Ponzi scheme.
One thing else Bobby Grey would possibly need to “defend” himself from is cash laundering regulation violations.
From Iskander Community’s web site;
Membership within the DUNA is personal and members are allowed to stay nameless.
Nonetheless, if you’re a US citizen and select to obtain affordable compensation in your participation, you may be required to submit IRS Kind W-9 earlier than fee will be despatched.
Wyoming’s DUNA authorized framework doesn’t negate the Financial institution Secrecy Act and federal anti-money laundering legal guidelines.
For some cause Iskander Community insists it’s not an MLM firm.
Why we’re not an MLM
No required buy to take part. No countless upline takes. No pyramid math. Members receives a commission for precise work and precise contribution.
My reply to that’s the similar reply I give all MLM deniers; MLM compensation plan = MLM firm.
Additionally it doesn’t harm to have Iskander Community acknowledging it’s an MLM firm elsewhere on its web site:
This brings us as to if the MLM facet of Iskander Community operates as a pyramid scheme.
In line with Iskander Community;
A pyramid appears like this
Compensation relies upon nearly completely on recruiting.
The “product” has no real-world utility or consumers outdoors this system.
The earliest entrants take nearly all the cash.
The overwhelming majority of individuals lose what they put in.
This one’s simple:
- 100% of commissions paid out via Iskander Community are tied to recruitment of promoter traders
- retail prospects can’t purchase $995 Iskander Community funding positions, everybody who indicators up is a promoter
- on the final two sentences, see TexitCoin
What regulation of MLM pyramid schemes truly comes all the way down to is whether or not nearly all of company-wide income is generated by sale of a service or product to retail prospects.
A retail buyer is outlined as a shopper unable to take part in an connected MLM compensation plan.
In Iskander Community there aren’t any retail prospects. Whether or not actively recruiting or not, everybody who indicators up is a promoter with entry to the MLM compensation plan.
Like TexitCoin, Iskander Community’s MLM alternative operates as a pyramid scheme.
Having confirmed Iskander Community is an MLM firm working as a pyramid scheme and providing unregistered securities to US residents, let’s conclude by taking a step again.
Even if you happen to purchase into Bobby Grey’s makes an attempt to fake Iskander Community isn’t simply TexitCoin 2.0, one can’t deny Grey himself isn’t fairly satisfied by his personal arguments.
The underside line is for all of the reassurances Iskander Community is legally compliant and protected against the SEC and state securities regulators by Wyoming regulation, Bobby Grey is sitting on a yacht in Singapore.
The one cause for that, as said by himself, is Grey doesn’t need to danger arrest. Singapore does have an extradition treaty with the US however the DOJ having to arrange a world arrest warrant will take significantly longer than a home arrest.
Has Grey been indicted below seal? Like Grey, I’ve no means of figuring out except he’s arrested. All I can level to is Grey himself not being prepared to take that probability by returning to the US.
With that in thoughts we have now Iskander Community being arrange in Wyoming for the only objective of Grey seeking to keep away from “private legal responsibility”, flawed because the execution may be with respect to federal and state securities regulation outdoors of Wyoming.
My level is that if Bobby Grey’s not prepared to shoulder legal responsibility for his conduct, why ought to anybody else?
Far as I can inform the one folks in Iskander Community are Bobby Grey, TexitCoin insiders and some prime recruiters. In different phrases, the one individuals who made cash in TexitCoin want to do it once more.
Not that I think about I’d ever discover myself in that scenario however, if I ran an unregistered funding scheme and “obtained to maintain the cash that was left, and there was fairly a little bit of it”, I’d in all probability be anxious about getting arrested too.
