Lyconet successor with token system: What is behind ‘Cashback Universe’?

Former and active marketers from the international Lyconet/myWorld structures are currently being asked to transfer their accounts to a new platform called www.cashback-universe.com. At first glance, the transition appears straightforward: existing structures, career levels and, allegedly, commissions are to be transferred. However, a detailed analysis of the platform’s FAQ raises questions – particularly with regard to legal protection, token-based remuneration and economic risks for sales partners.

No recognisable company, no binding support

While Lyconet has officially ceased its activities, Cashback Universe is presenting itself with deliberately decentralised rhetoric. The FAQ states: ‘We are not a company.’ Instead of a clearly named provider, there are only references to a community platform without a clearly defined legal form or liable party. The ‘support’ offered is provided via Telegram channels and a contact form; there is no legally binding point of contact for disputes or payment claims.

According to publicly available information, the brand behind Cashback Universe is actually ONE STEP AHEAD LLC, registered on 21 April 2025 in the US state of Delaware. The choice of location is not unusual among experts: Delaware is considered business-friendly, but also opaque. The state does not impose any requirements for disclosed share capital and allows a high degree of anonymity in the corporate structure. Critics therefore sometimes refer to it as an ‘onshore tax haven,’ which can encourage the misuse of such constructs, for example through shell companies or untraceable cash flows. There is currently no evidence of ONE STEP AHEAD LLC’s operational activities outside of its registration.

Tokens instead of money: commissions now only in the form of vouchers

The classic euro payout for commissions, bonuses or career remuneration has been completely eliminated in the new structure. Instead, internal tokens such as TLN X or TLN GOLD are credited, which in turn can be converted into so-called v$ vouchers, a ‘non-volatile’ stablecoin substitute according to the FAQ. Whether these vouchers actually have a realisable euro value cannot be verified at present. There is no independent audit of the platform’s liquidity or solvency.

Although a possible payout in euros is indicated, this is linked to smart contract transactions without a recognisable, liable counterparty. Here, too, there is a lack of reliable information on the legal protection of user claims.

Reinvestment obligation as a new barrier to entry

According to the platform’s FAQ, anyone who wants to continue participating in commissions must ‘stake’ a minimum amount of 500 US dollars in token form. To activate all remuneration levels, 10,000 US dollars is recommended. This model is reminiscent of classic referral structures, where the economic incentive depends on the entry of new participants. From a financial supervisory perspective, this could be classified as a permit-requiring or even illegal pyramid scheme, and corresponding investigations by the authorities have already been suggested.

Transfer of old structures – but only for active participants

Although it is assured that existing career levels and team structures will be transferred to the new blockchain, anyone who does not actively migrate their account will, according to the terms of use, lose all rights. Access to team data is currently very limited: users only see anonymised IDs, no names or contact information.

Speculation with VOW: unstable foundation?

The central element of the entire ‘Cashback Universe’ is the crypto token VOW, which is currently recording price gains. Whether these are sustainable remains questionable: trading activity is low, the market volume is limited and there is no widespread acceptance as a means of payment as yet. In the past, the price has been subject to strong fluctuations, with a lack of transparency regarding the origin of liquidity.

The risks for users include:

High volatility with low trading volume
No guaranteed redeemability of the tokens
No independent auditing or regulation
Uncertainty about future legal classification

Conclusion: High risk under the guise of decentralisation

With the introduction of Cashback Universe, an insolvent, formally wound-up direct sales system is being replaced by an unregulated token platform. This creates considerable uncertainty for former Lyconet marketers:

No clear corporate structure with liability
Token-based payouts with no guarantee
Forced reinvestment to participate
Non-transparent cash flows and technical complexity
Currency replacement through a voucher system with no real value
Speculation risk due to VOW volatility

Recommendation for those affected:

Do not make any further payments or token purchases until legal certainty has been established
Secure all contractual documents, account statements and wallet information

Note: This article is intended solely for information, journalistic analysis and independent opinion-forming within the meaning of Article 5 of the German Basic Law and Section 51 of the German Copyright Act (UrhG) (right to quote). All information is based on publicly available sources, official announcements and careful editorial research. Despite the utmost care, we do not guarantee the accuracy, completeness or timeliness of the information contained herein.

Sources:

https://cashback-universe.com (as of August 2025)

Content comes directly from the publicly accessible FAQ section of the website.