Cryptolon offers no info on its web site about who owns or runs the corporate.
Cryptolon’s web site area (“cryptolon.co”) was privately registered on September twenty fourth, 2020.
In an try to seem legit, Cryptolon offers a number of “certificates” on its web site.
So far as I can inform, all of the offered certificates don’t have anything to do with Cryptolon.
- The MTR certificates is backdated February 2018 and is for “Crylon LTD”. That is thirty-one months prior to Cryptolon registering its web site and is a suspected forgery.
- The European Trademark can also be backdated February 2018 and is once more for Crylon LTD.
- The UK certificates needs to be dismissed outright as meaningless, however for the document is for Crylon LTD and dated Feb 2018.
- The FinCEN certificates is dated February 2019 and is for ExFinance OU.
Cryptolon does point out Crylon on its web site as Crylon Holdings Restricted. So far as I can inform they only picked an analogous sounding firm that had some registrations and appropriated them.
Cryptolon, as represented on the corporate’s web site right now, didn’t exist in any capability previous to September 2020.
A Google seek for the corporate identify returns nothing associated for “Cryptolon” till the web site launch in September 2020
Cryptolon has tried to backdate some pages on its web site to 2019 however they didn’t exist till 2020.
As all the time, if an MLM firm isn’t overtly upfront about who’s operating or owns it, assume lengthy and onerous about becoming a member of and/or handing over any cash.
Cryptolon’s Merchandise
Cryptolon has no retailable services or products, with associates solely capable of market Cryptolon affiliate membership itself.
Cryptolon’s Compensation Plan
Cryptolon associates make investments funds on the promise of marketed returns:
- Fundamental – make investments $25 or extra and obtain a 122.4% after 7 days
- Normal – make investments $300 or extra and obtain 156% after 14 days
- VIP – make investments $3000 or extra and obtain 170% after 14 days
- Particular – make investments $6000 or extra and obtain 198% after 14 days
Cryptolon pays referral commissions on invested funds down three ranges of recruitment (unilevel):
- 4% on degree 1 (personally recruited associates)
- 5% on degree 2
- 7% on degree 3
Becoming a member of Cryptolon
Cryptolon affiliate membership is free.
Full participation within the hooked up earnings alternative requires a minimal $25 funding.
Word that every one funds in Cryptolon are made in bitcoin litecoin, bitcoin money and ethereum.
Conclusion
Cryptolon claims to generate exterior income from a “cloud mining farm” that consists of “over 3000 antiminer s9 vegetation”.
No verifiable proof of Cryptolon partaking in crypto mining actions is offered. Neither is there any proof of exterior income getting used to pay marketed returns.
Even when one have been to stupidly take Cryptolon’s offered certificates at face worth, none of them are issued by a securities regulator. It is because Cryptolon doesn’t have any audited monetary reviews to show their claims.
The one verifiable income coming into Cryptolon is new funding.
Utilizing new funding to pay associates a every day return makes Cryptolon a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
It will starve Cryptolon of latest funding, ultimately prompting a collapse.
The maths behind Ponzi schemes ensures that once they collapse, the vast majority of individuals lose cash.