CryptoLux supplies no precise info on their web site about who owns or runs the corporate.
As is typical of MLM crypto alternatives, a inventory picture of some man is used to symbolize “Robert Alexander”, who CryptoLux declare is CEO and Founding father of the corporate.
The identical title and company bio seems on one other web site, FXTM Capital (Superior Markets Make investments):
FXTM Capital seems to be a collapsed Ponzi scheme touting a 100% month-to-month ROI.
It must be apparent that whoever is behind FXTM Capital can also be behind CryptoLux.
The CryptoLux web site area (“cryptolux.io”) was privately registered on November twenty eighth, 2017.
In an effort to feign legitimacy, CryptoLux supplies a UK incorporation hyperlink on their web site for “CryptoLux LTD”.
UK incorporation is dust low-cost and for probably the most half unregulated. It’s a favourite for scammers seeking to incorporate dodgy firms.
As at all times, if an MLM firm shouldn’t be overtly upfront about who’s working or owns it, suppose lengthy and arduous about becoming a member of and/or handing over any cash.
CryptoLux Merchandise
CryptoLux has no retailable services or products, with associates solely in a position to market CryptoLux affiliate membership itself.
The CryptoLux Compensation Plan
CryptoLux associates make investments $10 or extra value of cryptocurrency on the promise of a 150% ROI.
- Bronze – day by day 1.16% ROI for 129 days
- Silver (make investments a minimum of $50 and persuade others to take a position $1000) – day by day 1.25% ROI for 120 days
- Gold (make investments a minimum of $50 and persuade others to take a position $5000) – day by day 1.31% ROI for 114 days
- Platinum (make investments a minimum of $250 and persuade others to take a position $30,000) – day by day 1.35% ROI for 111 days
- Sapphire (make investments a minimum of $1000, recruit and preserve a minimum of two Platinum ranked associates and persuade others to take a position a minimum of $100,000) – day by day 1.39% ROI for 108 days
- Emerald (make investments a minimum of $2500, recruit and preserve a minimum of two Sapphire ranked associates and persuade others to take a position a minimum of $250,000) – day by day 1.42% ROI for 105 days
- Ruby (make investments a minimum of $10,000, recruit and preserve a minimum of two Emerald ranked associates and persuade others to take a position a minimum of $750,000) – day by day 1.45% ROI for 103 days
- Diamond (make investments $20,000, recruit and preserve a minimum of two Ruby ranked associates and persuade others to take a position a minimum of $1,500,000) – day by day 1.49% ROI for 101 days
Funding inside CryptoLux is tracked in CLX factors, which aren’t publicly tradeable.
Residual Commissions
CryptoLux pays residual commissions through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel staff, with each personally recruited affiliate positioned straight below them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel staff.
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.
CryptoLux cap payable unilevel staff ranges at ten.
What number of unilevel staff ranges a CryptoLux affiliate earns residual commissions on is decided by how a lot they’ve invested:
- Bronze associates earn 8% on stage 1 (personally recruited associates), 3% on stage 2, 2% on stage 3 and 1% on ranges 4 to six
- Silver associates earn 8% on stage 1, 3% on stage 2, 2% on ranges 3 and 4 and 1% on ranges 5 and 6
- Gold associates earn 8% on stage 1, 3% on stage 2, 2% on ranges 3 and 4, 1% on ranges 5 and 6 and 0.5% on stage 7
- Platinum associates earn 8% on stage 1, 3% on stage 2, 2% on ranges 3 to five and 1% on ranges 6 and seven
- Sapphire associates earn 8% on stage 1, 3% on stage 2, 2% on ranges 3 to five, 1% on ranges 6 and seven and 0.5% on stage 8
- Emerald associates earn 8% on stage 1, 3% on stage 2, 2% on ranges 3 to five, 1% on ranges 6 and seven, 0.5% on stage 8 and 0.3% on stage 9
- Ruby associates earn 8% on stage 1, 3% on stage 2, 2% on ranges 3 to 7, 0.5% on stage 8, 0.3% on stage 9 and 0.2% on stage 10
- Diamond associates 8% on stage 1, 3% on stage 2, 2% on ranges 3 to eight, 0.5% on stage 9 and 0.3% on stage 10
Rank Achievement Bonus
Ranging from the Silver rank, CryptoLux pays associates a one-time bonus for rank qualification.
- Silver associates obtain $50
- Gold associates obtain $200
- Platinum associates obtain $1000
- Sapphire associates obtain $5000
- Emerald associates obtain $15,000
- Ruby associates obtain $45,000
- Diamond associates obtain $80,000
Becoming a member of CryptoLux
CryptoLux affiliate membership is free,
Full participation within the MLM alternative nonetheless requires a minimal $10 funding in cryptocurrency.
Conclusion
FXTM Capital is a failed foreign currency trading Ponzi scheme.
CryptoLux is mainly the identical factor, solely this time across the ruse is cryptocurrency buying and selling.
CryptoLux claims it generates exterior ROI income by way of “AI primarily based crypto-trading techniques”.
Naturally the corporate supplies no proof of any such techniques present. Neither is there any proof of every other exterior ROI income supplied.
In true Ponzi trend, what this implies is CryptoLux will proceed to pay ROIs till newly invested funds dry up.
Recruitment commissions add a further pyramid layer the scheme.
As with all such scams, a decline in affiliate recruitment corresponds to a decline in new funding.
It will see CryptoLux collapse, ensuing within the majority of associates shedding cash.
Using cryptocurrency to take a position and CLX factors as a automobile to exit-scam by way of, ensures that CryptoLux sufferer restoration efforts will probably be minimal.