Cryptoberg supplies no data on their web site about who owns or runs the corporate.
Cryptoberg’s web site area (“cryptoberg.ltd”) was privately registered on June 18th, 2020.
In an try to look legit, Cryptoberg supplies a UK incorporation certificates for Bit Type LTD on their web site.
Not withstanding Bit Type having something to do with Cryptoberg, UK incorporation is dust low cost and successfully unregulated.
The UK is a popular jurisdiction for scammers seeking to incorporate dodgy firms.
For the aim of performing MLM due-diligence, UK incorporation is meaningless.
As at all times, if an MLM firm is just not brazenly upfront about who’s working or owns it, suppose lengthy and onerous about becoming a member of and/or handing over any cash.
Cryptoberg’s Merchandise
Cryptoberg has no retailable services or products, with associates solely in a position to market Cryptoberg affiliate membership itself.
Cryptoberg’s Compensation Plan
Cryptoberg associates make investments funds on the promise of marketed returns:
- Traditional – make investments $50 to $500 and obtain 105% after 24 hours
- Superior – make investments $500 to $1000 and obtain 108% after 2 days
- Premium – make investments $1000 to $2000 and obtain 110% after 3 days
- Platinum – make investments $2000 to $5000 and obtain 115% after 5 days
- Gold – make investments $5000 to $10,000 and obtain 120% after 7 days
- Diamond – make investments $10,000 or extra and obtain 106% after 15 hours
Cryptoberg pays referral commissions on invested funds down three ranges of recruitment (unilevel):
- stage 1 (personally recruited associates) – 10%
- stage 2 – 7%
- stage 3 – 5%
Becoming a member of Cryptoberg
Cryptoberg affiliate membership is free.
Full participation within the connected earnings alternative nonetheless requires a minimal $50 funding.
Word that though a number of cost processors and cryptocurrencies characteristic on Cryptoberg’s web site, funding seems to be primarily solicited in bitcoin.
Conclusion
Cryptoberg markets itself as
a worldwide crypto finance resolution for all of the crypto fans who’re seeking the trusted, safe and dependable platform.
Sadly for stated crypto fans, CryptoBerg is nothing however a Ponzi scheme. Actually the reverse of a “trusted, safe and dependable platform”.
Cryptoberg fails to determine a supply of exterior income, leaving new funding the one verifiable income coming into the corporate.
Utilizing new funding to pay marketed returns to present traders makes Cryptoberg a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment runs dry so too will new funding.
This can starve Cryptoberg of ROI income, finally prompting a collapse.
The mathematics behind Ponzi schemes ensures that after they collapse, the vast majority of individuals lose cash.