Cryptoix gives no info on its web site about who owns or runs the corporate.
Cryptoix’s web site area (“cryptoix.org”) was first registered in April 2019. The area registration was final up to date privately on April 4th, 2020.
As all the time, if an MLM firm isn’t brazenly upfront about who’s operating or owns it, assume lengthy and onerous about becoming a member of and/or handing over any cash.
Cryptoix’s Merchandise
Cryptoix has no retailable services or products, with associates solely in a position to market Cryptoix affiliate membership itself.
Cryptoix’s Compensation Plan
Cryptoix associates make investments $100 to $100,000 on the promise of day by day returns of as much as 200%.
EARN 120% – 140% – 200% DAILY
Returns as marketed as purportedly paid out for seven days.
Cryptoix primarily focuses on cryptocurrency however does settle for fiat by way of Good Cash and Payeer.
Referral Commissions
Cryptoix pays referral commissions 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 below 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.
Cryptoix caps payable unilevel crew ranges at 4.
Referral commissions are paid out as a share of funds invested throughout these 4 ranges as follows:
- stage 1 (personally recruited associates) – 9%
- stage 2 – 3%
- stage 3 – 2%
- stage 4 – 1%
Becoming a member of Cryptoix
Cryptoix affiliate membership is free.
Full participation within the hooked up revenue alternative nevertheless requires a minimal $100 funding.
Conclusion
Cryptoix represents it generates exterior ROI income through bitcoin mining.
No proof of Cryptoix partaking in bitcoin mining is offered. Neither is there any proof of Cryptoix having utilizing another exterior income to pay returns.
Moreover Cryptoix’s enterprise mannequin fails the Ponzi logic check.
If Cryptoix’s nameless proprietor was in a position to legitimately generate a 200% day by day return, what do they want your cash for?
The one verifiable income coming into Cryptoix is new funding. Utilizing new funding to pay current associates a day by day return makes Cryptoix a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dies down so too will new funding.
It will starve Cryptoix of ROI income, finally prompting a collapse.
The maths behind Ponzi schemes ensures that once they collapse, the vast majority of contributors lose cash.