Gymnasium Community is a GYMNET BEP-20 token Ponzi scheme.
Launched in early 2022, Gymnasium Community is/was headed up by CEO Claudio Catrini.
At this time, right here’s how Gymnasium Community and its GYMNET Ponzi scheme are going:
On or round August 2022, Gymnasium Community introduced Gymnasium Road. Gymnasium Community markets Gymnasium Road as “the Metaverse counterpart of Wall Road.”
What Gymnasium Road actually was is an excuse to combine NFT and metaverse scamming into Gymnasium Community. It additionally launched VBTC.
Like GYMNET, VBTC is believed to be one other BEP-20 shit token. These will be created on demand at little to no price.
On the manager facet of issues Claudio Catrini is now a Gymnasium Road “Advisor”:
We’re undecided if this implies Catrini is a puppet or if he’s actively hiding his involvement.
Gymnasium Road’s web site cites Frank Roehrig (proper) as CEO of the corporate.
Supporting Catrini hiding his involvement is Roehrig not having a verifiable MLM historical past. Roehrig has a FaceBook profile that seems to have been bought/created earlier this yr.
Roehrig’s LinkedIn profile represents he has a non-MLM gross sales and advertising and marketing background.
Gymnasium Road’s enterprise mannequin sees associates buy $100 NFT positions.
Consider NFT positions as revenue positions. Gymnasium Road associates can then make investments as much as $200 per NFT place they personal, damaged up into $50 investments.
This involves a complete of $300 ($100 NFT buy + $200 funding), which Gymnasium Road pitches a 100% ROI on (200% in Ponzi math).
What associates hope to money their nugatory VBTC tokens for are subsequently invested funds. This makes Gymnasium Road a Ponzi scheme.
The MLM facet of the enterprise is usually the identical as Gymnasium Community. The one distinction I can see are obligatory NFT place bought have been baked into rank qualification standards:
- Members must buy a $100 NFT place
- Rookie Is must buy $250 in NFT positions
- Rookie IIs must buy $500 in NFT positions
- Rookie IIIs and Beginner Is must buy $1000 in NFT positions
- Beginner IIIs to Execs must purcahse $5000 in NFT positions
- Senior Professional Is to Champion IIs must buy $10,000 in NFT positions
- Champion IIIs to Co-Coach IIIs must buy $20,000 in NFT positions
- Coach Is to Coach IIIs must buy $25,000 in NFT positions
- Vice Presidents must buy $30,000 in NFT positions
- Presidents must buy $35,000 in NFT positions
- Legends must buy $40,000 in NFT positions
I’m not 100% positive on the $250 Rookie buy requirement, seeing as Gymnasium Road NFT positions are $100 every.
These necessities seemingly embrace the $50 investments, along with the $100 NFT place purchases.
Gymnasium Road Advertising and marketing, pushing associates to speculate $17,500 to unlock 22 compensation ranges, references “Land & Miner bundles”.
Inside Gymnasium Road’s Ponzi scheme “land” refers to NFT positions. “Miners” consult with the $50 investments.
Whereas an affiliate can simply make investments manually, Gymnasium Road additionally presents “tremendous bundles”:
What we be taught from Tremendous Bundles is that Gymnasium Road returns look like paid out for 12 months (“electrical energy”). After this reinvestment is required to proceed incomes.
Trying ahead, Gymnasium Road can also be trying to incorporate a “staking” Ponzi scheme into their enterprise mannequin:
Like Gymnasium Community, Gymnasium Road requires fixed recruitment of recent affiliate buyers to maintain itself. When this inevitably slows down, Gymnasium Road collapses.
At time of publication SimilarWeb is monitoring just a few thousand month-to-month visits to each Gymnasium Community’s and Gymnasium Road’s web sites.
For an MLM Ponzi scheme, even one with its personal shit tokens, that is an inevitable highway to break down.
One final change to notice between Gymnasium Community and Gymnasium Road is Gymnasium Road’s Community gives a company deal with in Dubai.
Particularly, Gymnasium Community and Gymnasium Road are purportedly run via the shell firm Meta Networks FZCO.
Dubai is the MLM crime capital of the world.
BehindMLM’s tips for Dubai are:
- If somebody lives in Dubai and approaches you about an MLM alternative, they’re making an attempt to rip-off you.
- If an MLM firm is predicated out of or represents it has ties to Dubai, it’s a rip-off.