Atronocom operates within the MLM cryptocurrency area of interest. The corporate is headed up by CEO Thomas Koller.
Particular particulars of Koller’s MLM historical past, if any, will not be offered.
In an Atronocom press-release nonetheless, Koller refers to himself as a “dealer”.
Considerably suspiciously, Koller (proper) doesn’t seem to have a digital footprint exterior of Atronocom.
As per the Atronocom web site, the corporate claims to be primarily based out of Dubai.
ATRONOCOM, as a restricted legal responsibility firm (Ltd.), is in Dubai “DMCC” Free Zone in formation and will probably be registered as Distributed Ledger respectively Blockchain, Software program Improvement and expertise supplier Firm till the tip of January 2019.
The required permits can even be issued and revealed within the Central Register of the United Arab Emirates.
In cooperation with Abu Dhabi World Market, the implementation and use of the elements related for monetary engineering will probably be mentioned and put on-line in a structured method.
Each Dubai and Abu Dhabi are identified for having lax regulatory enforcement enforcement. There is no such thing as a official purpose for an MLM firm to be primarily based there.
Whether or not Koller himself relies out of Dubai or elsewhere is unclear.
Using euros by the corporate strongly suggests Atronocom is really being operated out of Europe.
Replace twentieth March 2019 – As per Atronocom’s Twitter profile, the corporate is purportedly primarily based out of Zug, Switzerland.
This all however confirms associated Atronocom incorporations within the UAE are shell corporations. /finish replace
Learn on for a full assessment of the Atronocom MLM alternative.
Atronocom Merchandise
Atronocom has no retailable services or products, with associates solely in a position to market Atronocom affiliate membership itself.
The Atronocom Compensation Plan
Atronocom associates put money into Atronocom Cash.
- the primary 25 million Atronocom Cash will probably be offered for 0.15 EUR every
- the subsequent 50 million Atronocom Cash will probably be offered for 0.30 EUR every
- the subsequent 50 million Atronocom Cash will probably be offered for 0.40 EUR every
- the subsequent 50 million Atronocom Cash will probably be offered for 0.50 EUR every
- the subsequent 50 million Atronocom Cash will probably be offered for 0.65 EUR every
Commissions are paid once they recruit others who do the identical.
Atronocom pays referral commissions on Atronocom Coin funding through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel crew, with each personally recruited affiliate positioned instantly beneath them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel crew.
If any stage 2 associates recruit new associates, they’re positioned on stage 3 and so forth and so forth down a theoretical infinite variety of ranges.
Atronocom caps referral commissions at 5 unilevel crew ranges as follows:
- stage 1 (personally recruited associates) – 10%
- stage 2 – 3%
- stage 3 – 5%
- stage 4 – 2%
- stage 5 – 1%
Becoming a member of Atronocom
Atronocom affiliate membership seems to be free.
Replace twentieth March 2019 – Analysis from BehindMLM reader Melanie From Germany has uncovered an funding of fifty EUR is required to earn MLM commissions. /finish replace
Investing in non-existent Atronocom cash/tokens begins at 0.15 euros by to 65 euros.
Conclusion
It’s fairly nicely established that an MLM firm soliciting funding in an altcoin is a securities providing.
Associates put money into the coin on the expectation of a passive return, satisfying the funding contract definition of the Howey Take a look at.
Atronocom are in fact conscious of this and, along with incorporating in a jurisdiction with little to no securities regulation, states in its whitepaper;
ATRONOCOM won’t concern or supply on the market any tokens or cash which may be categorized as securities.
They’ve even gone as far as to invent a pseudo-compliance phrase to cowl their asses;
A SAFT is a Easy Settlement for Future Tokens.
ATRONOCOM just isn’t conducting an ICO Preliminary Coin Providing and we won’t have a token till platform launch.
SAFT hey… that’s cute.
What Atronocom’s SAFT truly is, is the corporate soliciting funding on an altcoin they haven’t even created but.
It’s just like the “pre IPO” nonsense scams making an attempt to promote non-existent shares got here up with.
SAFT is in fact simply as nonsensical. No matter you need to name your solicitation of funding, it’s nonetheless cash being collected on the providing of tokens/cash.
Whether or not these cash/tokens exist or not but is immaterial however
- does improve investor threat ought to they by no means materialize; and
- could be used towards Atronocom in the event that they had been to face regulatory motion exterior of Dubai.
Atronocom advertising and marketing materials suggests the corporate will initially be concentrating on Brazil;
ATRONOCOM … will probably be launching the beta model of its platform on March 11, 2019, to the primary 500 folks to enroll.
On the identical date, residents of Brazil will probably be allowed to open full accounts and start buying and selling through the app.
There don’t seem like any overt hyperlinks to Brazil amongst Atronocom’s administration, so I’m unsure why they’ve particularly chosen the nation.
On the finish of the day Atronocom isn’t any extra registered to supply securities in Brazil than they’re in Dubai.
Atronocom Coin itself doesn’t but exist (in any sensible sense), and even when it had been to be put collectively doesn’t convey something new to the desk.
One thing one thing cellular app. One thing one thing WhatsApp messaging clone. Whoopee.
What Atronocom Coin does present Koller and the gang is an exit-scam.
The MLM cryptocurrency exit-scam mannequin sees associates put money into an organization launched altcoin.
Returns are usually initially realized through an inside alternate. If the scheme will get large enough the admins discover some dodgy exterior alternate to record the coin.
Along with invested funds solicited by the MLM firm, the admins then unload what they will through the inevitable preliminary public itemizing pump.
As per the Atronocom whitepaper, Koller and his fellow admins will maintain 15% of Atronocom Cash (66 million cash).
After cashing out, the admins provide you with excuses and/or just do a runner.
Bagholder associates are left reassuring one another a “lambo moon” is simply across the nook, as the worth of the shitcoin inevitable dumps towards $0.
This has performed out time and time once more in MLM cryptocurrency schemes. There’s no purpose Atronocom will probably be any completely different.