Health club Community offers no government or possession info on its web site.
As a substitute Alberto Mera, Lewis Mhlanga and Timur Ozturk are introduced as low-tier workers to characterize the corporate:
Additional analysis reveals associates citing Claudio Catrini as Health club Community’s CEO:
Why Catrini isn’t on Health club Community’s web site is unclear.
Catrini claims to be a “crypto lover”. It is a comparatively new growth that befell over the previous 12 months.
Extra just lately nonetheless, Catrini has gotten into the “passive revenue” crypto area of interest:
So far as the MLM crypto house goes, passive revenue is usually code for funding fraud.
Previous to reinventing himself as a crypto bro, Catrini was concerned in digital advertising and marketing. This has primarily been via Trendda and “Claudio Catrini Akademie GmbH.
Catrini co-founded Trendda in 2019. Claudio Catrini Akademie has been round since 2003.
On the MLM facet of issues Catrini co-founded Athletic Manufacturing unit in mid 2021:
Athletic Manufacturing unit was a German health themed MLM (health seems to be a working theme for Catrini).
Athletic Manufacturing unit’s web site continues to be up however visitors to it’s useless. Athletic Manufacturing unit’s official FaceBook web page was deserted in November 2021, suggesting the corporate has been deserted.
Health club Community’s web site area (“gymnetwork.io”), was privately registered on December thirteenth, 2021.
Additionally Supporting Athletic Manufacturing unit collapsing is Catrini relocating from Germany to Bulgaria across the similar time:
Bulgaria has a horrendous observe file with regards to MLM regulation.
Learn on for a full evaluation of Health club Community’s MLM alternative.
Health club Community’s Merchandise
Health club Community has no retailable services or products.
Associates are solely capable of market Health club Community affiliate membership itself.
Health club Community’s Compensation Plan
Health club Community associates make investments 0.05 BNB or extra. That is achieved on the promise of a passive annual return:
Issues are just a little sophisticated however Health club Community’s “estimates” are
- 6.5% yearly on invested BNB; and
- 200% yearly on invested GYMNET.
If an affiliate compounds their returns, Health club Community pitches a 9.4% month-to-month ROI.
In one other advertising and marketing slide, Health club Community pitches a 250% annual ROI:
The MLM facet of Health club Community pays on recruitment of affiliate buyers.
Health club Community Affiliate Ranks
There are fifteen affiliate ranks inside Health club Community’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Member make investments 0.05 BNB and have a 500 GYMNET token funding stability
- Rookie I – make investments 0.1 BNB and keep a 500 GYMNET token funding stability
- Rookie II – make investments 0.25 BNB and keep a 500 GYMNET token funding stability
- Rookie III – make investments 0.5 BNB and keep a 500 GYMNET token funding stability
- Novice I – make investments 1 BNB, have a 5000 GYMNET token funding stability and personally recruit two Rookie Is or larger
- Novice II – make investments 3 BNB, have a 15,000 GYMNET token funding stability and personally recruit three Rookie Is or larger
- Novice III – make investments 5 BNB, have a 50,000 GYMNET token funding stability and personally recruit 4 Rookie Is or larger
- Junior Professional – make investments 10 BNB, have a 100,000 GYMNET token funding stability and personally recruit 5 Rookie Is or larger
- Professional – make investments 15 BNB, have a 150,000 GYMNET token funding stability and personally recruit six Novice Is or larger
- Senior Professional – make investments 25 BNB, have a 250,000 GYMNET token funding stability and personally recruit seven Novice Is or larger
- Champion – make investments 30 BNB, have a 300,000 GYMNET token funding stability and personally recruit eight Novice Is or larger
- Co-Coach – make investments 35 BNB, have a 350,000 GYMNET token funding stability and personally recruit 9 Novice Is or larger
- Coach – make investments 40 BNB, have a 400,000 GYMNET token funding stability and personally recruit ten Novice Is or larger
- Vice President – make investments 70 BNB, have a 500,000 GYMNET token funding stability and keep 5 personally recruited Novice Is or larger
- President – make investments 100 BNB, keep a 500,000 GYMNET token funding stability and keep 5 personally recruited Novice Is or larger
- Legend – make investments 200 BNB, keep a 500,000 GYMNET token funding stability and keep 5 personally recruited Novice Is or larger
Referral Commissions
Health club Community pays referral commissions on invested funds by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel workforce, with each personally recruited affiliate positioned immediately underneath them (degree 1):
If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel workforce.
If any degree 2 associates recruit new associates, they’re positioned on degree 3 and so forth and so forth down a theoretical infinite variety of ranges.
Health club Community caps payable unilevel workforce ranges at sixteen.
Referral commissions are paid as a proportion of invested cryptocurrency primarily based on rank:
- Members earn 10% on degree 1 (personally recruited associates)
- Rookie Is earn 10% on degree 1 and seven% on degree 2
- Rookie IIs earn 10% on degree 1, 7% on degree 2 and 5% on degree 3
- Rookie IIIs earn 10% on degree 1, 7% on degree 2, 5% on degree 3 and 4% on degree 4
- Novice Is earn 10% on degree 1, 7% on degree 2, 5% on degree 3 and 4% on ranges 4 and 5
- Novice IIs earn 10% on degree 1, 7% on degree 2, 5% on degree 3, 4% on ranges 4 and 5 and three% on degree 6
- Novice IIIs earn 10% on degree 1, 7% on degree 2, 5% on degree 3, 4% on ranges 4 and 5, 3% on degree 6 and 1% on degree 7
- Junior Execs earn 10% on degree 1, 7% on degree 2, 5% on degree 3, 4% on ranges 4 and 5, 3% on degree 6 and 1% on ranges 7 and eight
- Execs earn 10% on degree 1, 7% on degree 2, 5% on degree 3, 4% on ranges 4 and 5, 3% on degree 6 and 1% on ranges 7 to 9
- Senior Execs earn 10% on degree 1, 7% on degree 2, 5% on degree 3, 4% on ranges 4 and 5, 3% on degree 6, 1% on ranges 7 to 9 and 0.5% on degree 10
- Champions earn 10% on degree 1, 7% on degree 2, 5% on degree 3, 4% on ranges 4 and 5, 3% on degree 6, 1% on ranges 7 to 9 and 0.5% on ranges 10 and 11
- Co-Trainers earn 10% on degree 1, 7% on degree 2, 5% on degree 3, 4% on ranges 4 and 5, 3% on degree 6, 1% on ranges 7 to 9 and 0.5% on ranges 10 to 12
- Trainers earn 10% on degree 1, 7% on degree 2, 5% on degree 3, 4% on ranges 4 and 5, 3% on degree 6, 1% on ranges 7 to 9 and 0.5% on ranges 10 to 13
- Vice Presidents earn 10% on degree 1, 7% on degree 2, 5% on degree 3, 4% on ranges 4 and 5, 3% on degree 6, 1% on ranges 7 to 9 and 0.5% on ranges 10 to 114
- Presidents earn 10% on degree 1, 7% on degree 2, 5% on degree 3, 4% on ranges 4 and 5, 3% on degree 6, 1% on ranges 7 to 9, 0.5% on ranges 10 to 14 and 0.25% on degree 15
- Legends earn 10% on degree 1, 7% on degree 2, 5% on degree 3, 4% on ranges 4 and 5, 3% on degree 6, 1% on ranges 7 to 9, 0.5% on ranges 10 to 14 and 0.25% on degree 15 and 16
Health club Community’s compensation documentation suggests referral commissions are paid each on investments and each day calculated returns.
Just one set of referral fee percentages is supplied. So if so, it’s assumed the identical referral fee fee is used for preliminary investments and each day returns.
Bonus Swimming pools
Vice President and better ranked Health club Community associates obtain a share in three rank-based bonus swimming pools.
- Vice Presidents obtain a share in a 0.5% Gold Pool
- Presidents obtain a share in a 1% Black Pool, as properly a share within the Gold Pool
- Legends obtain a share in a 1.5% Platinum Pool, as properly a share within the Gold and Black Swimming pools
The bonus swimming pools are made up of a proportion of “worldwide each day earnings”.
Whether or not this implies company-wide invested cryptocurrency or returns paid out is unclear.
Turnover Swimming pools
Health club Community’s compensation documentation particulars three “turnover primarily based swimming pools”:
- Regional Pool – 1%
- Nationwide Pool – 1%
- Worldwide Pool – 1%
The swimming pools are funded as a proportion of “worldwide each day earnings” once more. Each this and qualification for the swimming pools are undefined.
Becoming a member of Health club Community
Health club Community affiliate membership seems to be free.
Full participation within the hooked up revenue alternative requires an preliminary funding in BNB.
Further funding in GYMNET is required to advance in affiliate rank.
Conclusion
Both by design or out of necessity, Health club Community ventures just a little to far into the DeFi nerdspace.
This begins with Health club Community advertising and marketing itself as a “DeFi Aggregator Funding System”.
Health club Community’s official compensation materials is missing, and I believe a lot of the crypto bros who make investments are hanging out for the each day quantity of their backoffice – with out truly understanding the jargon behind it.
At its core Health club Community’s enterprise mannequin sees invested cryptocurrency positioned in a “vault”.
It is a fancy method of claiming “stability that earlier buyers and the admins money out”.
As an investor you watch quantity go up in your backoffice, and when the time comes hope there’s nonetheless funds left to steal once you money out.
The advertising and marketing convolutes that easy mannequin behind crypto jargon however that’s all Health club Community is.
You could have BNB going within the front-end, with the end-game being to pay everybody out GYMNET tokens.
GYMNET is a BEP-20 token. These might be arrange in minutes at little to no value.
Like every Ponzi token, exterior of Health club Community GYMNET is totally nugatory.
Somewhat than simply be trustworthy about that, Health club Community feeds buyers this baloney:
Right here’s how that’s going:
On the BNB facet of issues, Health club Community represents returns are generated via Alpaca Finance.
Alpaca Finance is the most important lending protocol permitting leveraged yield farming on BNB Chain and Fantom.
Earn Curiosity from Alpaca Finance + Obtain Token Rewards
Alpaca Finance is among the many high rated DeFi protocols on Binance Good Chain.
Alpaca Finance is, not surprisingly, one other crypto bro Ponzi scheme. The corporate’s web site marketed annual returns of as much as 370%.
So far as I can inform, Alpaca Finance has no direct ties to Health club Community.
Like Health club Community, Alpaca Finance has its personal shitcoin. Launched simply final month, right here’s how ALPACA goes:
About what you’d anticipate.
The lengthy and the in need of it’s, regardless of how its dressed up, Health club Community can solely pay out what’s invested in BNB.
GYMNET is already a race to the underside, so good luck cashing that out.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up, so too will new funding.
This may starve Health club Community of invested BNB, leaving it unable to pay withdrawals.
This leaves GYMNET tokens, which as detailed above are finally nugatory.
The mathematics behind Ponzi schemes ensures nearly all of contributors lose cash.
Seeing as a lot of crypto is numbers on a display, a reminder that “however my backoffice reveals 42069% ROI” doesn’t imply something except you’re truly capable of money out 42069%.
Spoiler alert: when you didn’t make investments early with the admin grifters, you’re not going to have the ability to.