Mainston was first reviewed right here on BehindMLM again in 2015.
The unique enterprise mannequin was easy. Mainston was a four-tier pyramid scheme and it collapsed shortly after our evaluation.
Like many MLM scams, Mainston has not too long ago rebooted itself as a cryptocurrency alternative.
According to the 2015 launch, Mainston offers no details about who owns or runs the corporate on its web site.
Mainston’s Phrases and Situations states the corporate is
integrated in Dr. Mladen Stojanovikj num.10, 1300 Kumanovo, Macedonia, registration quantity: 7360762, Vat quantity: 4017019537409.
Macedonia isn’t a completely fledged rip-off pleasant jurisdiction, nevertheless it’s not recognized for stringent regulation.
Curiously, there may be additionally an deal with in Russia offered for Mainston Worldwide.
Russia is certainly a scam-friendly jurisdiction.
Mainston’s compensation plan identifies Fabrice Kerherve as each founder and President of the corporate.
Kerherve not too long ago featured on BehindMLM as a co-founder of the failed Flash4People Ponzi scheme.
Kerherve had supposed to launch Flash4People with Sandra and Patrick Collin, who’re additionally credited as founders of Mainston.
Within the wake of Flash4People’s collapse, an organization announcement acknowledged
The approaching weeks will enable us to pick a brand new blockchain and its cryptocurrency responding to the general public transparency necessities validated by the crypto neighborhood.
Mainston’s reboot would look like Kerherve and the Colins’ “choice” for a brand new scheme.
Learn on for a full evaluation of the Mainston MLM alternative.
Mainston’s Merchandise
Mainston has no retailable services or products, with associates solely capable of market Mainston affiliate membership itself.
Mainston’s Compensation Plan
Mainston associates spend money on StonPacks on the promise of a 1.25% month-to-month ROI.
A StonPack prices €152.21 EUR. There doesn’t look like a restrict as to what number of StonPacks Mainston affiliate can spend money on.
As of early July, one StonPack equates to 1229.928 STON.
STON is an ERC-20 token that holds no worth exterior of Mainston.
The 1.25% month-to-month ROI supplied to Mainston associates is paid in STON tokens.
Residual Commissions
As of but Mainston hasn’t made their full compensation plan public.
What we do know is the corporate is monitoring funding exercise throughout no less than six ranges of recruitment:
This implies Mainston’s compensation plan is unilevel primarily based.
The opposite tidbit we all know is that funding in a single StonPack generates 90 CV throughout the community.
Of their collapse announcement Flash4People acknowledged that when they arrange a brand new firm;
the idea doesn’t change (companies and rewards), the pre-development section can proceed, whereas ready for the launch of the confirmed, clear and safe help.
Whether or not Mainston pays residual commissions on new funding or returns is unclear on the time of publication.
Becoming a member of Mainston
Mainston affiliate membership is free.
Participation within the connected earnings alternative nevertheless requires funding in a number of StonPacks.
StonPacks are at present €152.21 EUR every. Whether or not this may change sooner or later just isn’t recognized.
Conclusion
With their bid to run a Ponzi scheme via FlashMoni’s OZTG altcoin having failed, Mainston has been repurposed as a continuation of these plans.
Stated plans see Mainston and its associates pitch STON tokens on the standard MLM crypto guarantees of riches.
The primary paragraph within the above instance of precise Mainston advertising, states the worth of STON will go up after September.
The second paragraph touts a possible 200% ROI.
Mainston in the meantime isn’t the one firm Fabrice Kerherve has repurposed.
At current Mainston is soliciting STON funding via two financial institution accounts:
As above Mainston is utilizing two financial institution accounts; one utilizing Individuals and Connection Ltd. and the opposite JLK Natura Ltd.
Each are shell corporations, arrange within the UK and Eire respectively.
Individuals and Connection is definitely a collapsed pyramid scheme Kerherve launched in mid 2017.
JLK Natura in all probability has one thing to do with the corporate Kerherve was selling hatching his Flash4People plans, Natura4Ever.
For tutorial reference, the Individuals and Connection checking account Mainston is utilizing is thru the Royal Financial institution of Scotland.
The JLK Natura account is thru the Financial institution of Eire.
It’s extremely probably that neither financial institution has any thought Mainston is utilizing two shell corporations to solicit funding right into a cryptocurrency scheme.
So far as Mainston’s new cryptocurrency enterprise mannequin goes, STON is an easy ERC-20 shit token.
STON just isn’t publicly tradeable, holds no worth exterior of Mainston and would have taken Kerherve and his companions minimal effort to arrange.
And never solely has Kerherve recycled Individuals and Connection to launder invested funds via, he’s additionally repurposed the ruse the corporate operated underneath.
That is from Mainston’s whitepaper;
We imagine blockchain has the big potential to assist speed up the adoption of cryptocurrencies world wide however extra importantly, to speed up the disruption of the sharing economic system.
Our Market is an invariable a part of the Mainston ecosystem.
Will probably be the primary built-in utility to offer user-friendly entry to all companions, purchasers and customers
Individuals and Connection operated as a pyramid scheme, behind the a property renting platform ruse.
Laughably, Individuals and Connection noticed itself as an AirBnB competitor.
Proper now STON can solely be withdrawn via an inside alternate, though it’s unclear whether or not Mainston affiliate buyers can really money out their STON tokens.
With a paper-thin premise and serial scammers working the present, Mainston is a main candidate for the MLM crypto exit-scam mannequin.
As soon as their secret ICO is over, or Kerherve and his companions are happy they’ve milked as a lot as they’re going to get out of buyers, makes an attempt to get STON listed on some dodgy public exchanges will start.
As soon as a number of appropriate exchanges are discovered, STOR will set a public itemizing launch date.
It will hype the preliminary itemizing worth, additional permitting Kerherve and his companions to money out at STON’s pumped preliminary itemizing worth.
As a result of STON is an totally pointless shitcoin that brings completely nothing new to the desk, it’ll then begin to dump.
The exit-scam performs out by means of indignant associates realizing they’ve been cheated, solely to be informed Mainston upheld their a part of the contract by offering them with a token.
Fabrice Kerherve and his co-conspirators make off invested funds, and if it’s sufficient they’ll by no means be seen once more.
Cue Mainston determined associates making an attempt to promote nugatory tokens to a market that doesn’t care.
STON’s public worth plummets in direction of $0, sorry in your loss and so on. and so on. – the MLM crypto exit-scam has now performed out too many instances to rely.
But irrespective of what number of instances buyers in MLM crypto scams lose all of it, it appears all you must do is wait 5 minutes or so until one other scheme pops up.
Kinda like Flash4People, which solely collapsed early final month, and the Mainston reboot now.
For his or her half Mainston do warn their buyers that STON
cash will not be authorized tender and will not be required to be accepted as a method of cost.
Acquisition of (STON) cash could result in full lack of cash.
However that’s buried within the web site’s phrases and situations, which no one reads.
It doesn’t matter what ruse an MLM crypto Ponzi is connected to, the top outcome is similar.
To ensure that Fabrice Kerherve, his companions and high recruiters to earn cash, the vast majority of Mainston associates must lose it.
Replace thirtieth April 2020 – Mainston has been rebooted as INBS Worldwide.