Congent Buying and selling gives no credible possession or government info on its web site.
Supposedly Congent Buying and selling is headed up by CEO “Kelvin Hilles”.
Hilles’ Congent Buying and selling company bio is a patchwork of stolen sentences;
As above, Hilles is represented by what’s assumed to be a random picture stolen from someplace.
Congent Buying and selling’s web site area (“congenttrading.com”), was privately registered on June thirtieth, 2021.
As all the time, if an MLM firm shouldn’t be brazenly upfront about who’s working or owns it, suppose lengthy and onerous about becoming a member of and/or handing over any cash.
Congent Buying and selling’s Merchandise
Congent Buying and selling has no retailable services or products.
Associates are solely in a position to market Congent Buying and selling affiliate membership itself.
Congent Buying and selling’s Compensation Plan
Congent Buying and selling associates make investments bitcoin and/or ethereum. Specified minimal funding quantities are 0.00100036 BTC or 0.21220267 ETH.
Cryptocurrency is invested into Congent Buying and selling on the promise of a 2% or 3% every day ROI.
Whether or not these are mounted every day ROI charges or a spread isn’t specified. Additionally not specified is a ROI cap, suggesting every day returns are paid out perpetually.
The MLM aspect of Congent Buying and selling pays on cryptocurrency invested by recruited associates (unilevel):
- stage 1 (personally recruited associates) – 5%
- stage 2 – 10%
- stage 3 – 15%
Becoming a member of Congent Buying and selling
Congent Buying and selling affiliate membership is free.
Full participation within the connected earnings alternative requires an funding in bitcoin or litecoin.
Congent Buying and selling Conclusion
Congent Buying and selling markets itself as “the only technique to put money into crypto”.
This is perhaps true however, by means of Congent Buying and selling being a Ponzi scheme, it’s additionally one of many best methods to lose crypto too.
Reflective of the low-effort made-up CEO they got here up with, Congent Buying and selling don’t hassle to offer a backstory for generated returns.
As a substitute there’s a bunch of obscure statements about crypto finance, eluding to Congent Buying and selling being engaged in buying and selling.
Faux CEO, crypto buying and selling use – that is your inventory customary MLM crypto Ponzi.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
It will starve Congent Buying and selling of ROI income, finally prompting a collapse.
The maths behind Ponzi schemes ensures that after they collapse, the vast majority of contributors lose cash.