MarketPeak operates within the MLM cryptocurrency area of interest. The corporate represents it’s integrated in Dubai, particularly;
PEAK TECH – FZCO, DSO-THUB, Dubai Silicon Oasis, Dubai – UAE
MarketPeak is headed up by CEO and co-founder Sergej Heck.
A lot of the info obtainable on Heck (proper) is in German. That mentioned I used to be in a position to confirm info a reader despatched in, tying Heck to numerous MLM Ponzi schemes.
Previous to founding MarketPeak Heck promoted Questra International (this SteemIt article claims he satisfied others to take a position 9 million) and Cryp Commerce Capital.
Heck additionally seems to have been concerned within the BeOnPush Ponzi scheme in 2017.
There may be after all no point out of any of those corporations in Heck’s MarketPeak company bio. As an alternative Heck’s serial scamming is lowered to him supposedly being
well-known for his monumental success in establishing a worldwide gross sales crew in solely a matter of months.
Learn on for a full evaluation of MarketPeak’s MLM alternative.
MarketPeak’s Merchandise
MarketPeak has no retailable services or products, with associates solely in a position to market MarketPeak affiliate membership itself.
MarketPeak’s Compensation Plan
MarketPeak associates spend money on PEAK tokens.
- Affiliate – make investments $250 and obtain 5000 PEAK tokens
- Marketer – make investments $1000 and obtain 20,000 PEAK tokens
- All-In – make investments $2000 and obtain 40,000 PEAK tokens plus a ten% bonus
- Enterprise – make investments $7500 and obtain 150,000 PEAK tokens plus a 15% bonus
Commissions are paid out once they recruit others who do the identical.
MarketPeak Affiliate Ranks
There are ten affiliate ranks inside MarketPeak’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Beginner – generate $5000 in amassed weaker binary facet funding quantity
- Rookie – personally recruit two Beginner ranked associates and generate $15,000 in amassed weaker binary facet funding quantity
- Intermediate -personally recruit two Rookie ranked associates and generate $100,000 in amassed weaker binary facet funding quantity
- Superior – personally recruit two Intermediate ranked associates and generate $300,000 in amassed weaker binary facet funding quantity
- Skilled – personally recruit two Superior associates and generate $1,000,000 in amassed weaker binary facet funding quantity
- Chief – personally recruit two Skilled ranked associates and generate $3,000,000 in amassed weaker binary facet funding quantity
- Prime Chief – personally recruit two Chief ranked associates and generate $10,000,000 in amassed weaker binary facet funding quantity
- Mentor – personally recruit two Prime Chief ranked associates and generate $20,000,000 in amassed weaker binary facet funding quantity
- Star – personally recruit two Mentor ranked associates and generate $40,000,000 in amassed weaker binary facet funding quantity
- Tremendous Star – personally recruit two Star ranked associates and generate $80,000,000 in amassed weaker binary facet funding quantity
Alternatively, from the Intermediate rank, MarketPeak provides extra recruitment centered qualification standards:
- Intermediate – personally recruit 4 Beginner ranked associates and generate $50,000 in amassed weaker binary facet funding quantity
- Superior – personally recruit 4 Rookie ranked associates and generate $150,000 in amassed weaker binary facet funding quantity
- Skilled – personally recruit 4 Intermediate ranked associates and generate $500,000 in amassed weaker binary facet funding quantity
- Chief – personally recruit 4 Superior ranked associates and generate $1,500,000 in amassed weaker binary facet funding quantity
- Prime Chief – personally recruit 4 Skilled ranked associates and generate $5,000,000 in amassed weaker binary facet funding quantity
- Mentor – personally recruit 4 Chief ranked associates and generate $10,000,000 in amassed weaker binary facet funding quantity
- Star – personally recruit 4 Prime Chief ranked associates and generate $20,000,000 in amassed weaker binary facet funding quantity
- Tremendous Star – personally recruit 4 Mentor ranked associates and generate $40,000,000 in amassed weaker binary facet funding quantity
Word that required recruited affiliate ranks can be larger than the said minimums.
E.g. A recruited Tremendous Star affiliate qualifies for any lesser required recruited affiliate rank.
Referral Commissions
MarketPeak pays referral commissions by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel crew, with each personally recruited affiliate positioned immediately beneath them (degree 1):
If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel crew.
If any degree 2 associates recruit new associates, they’re positioned on degree 3 and so forth and so forth down a theoretical infinite variety of ranges.
MarketPeak caps payable unilevel crew ranges at eight.
Referral commissions are paid out as a share of funds invested throughout these eight ranges as follows:
- degree 1 (personally recruited associates) – 10%
- degree 2 – 4%
- degree 3 – 2%
- ranges 4 to six – 1%
- ranges 7 and eight – 0.5%
Residual Commissions
MarketPeak pays residual commissions by way of a binary compensation construction.
A binary compensation construction locations an affiliate on the prime of a binary crew, cut up into two sides (left and proper):
The primary degree of the binary crew homes two positions. The second degree of the binary crew is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary crew are generated as required, with every new degree housing twice as many positions because the earlier degree.
Positions within the binary crew are crammed by way of direct and oblique recruitment of associates. Word there is no such thing as a restrict to how deep a binary crew can develop.
On the finish of every day MarketPeak tallies up new funding quantity on each side of the binary crew.
Associates are paid 4 to eight% of funds invested on the weaker binary crew facet.
- Affiliate tier associates obtain a 4% residual fee price
- Marketer and better tier associates obtain an 8% residual fee price
As soon as paid out on, funding quantity is flushed from each side of the binary crew. Any leftover quantity on the stronger binary crew facet is carried over.
Word that each day residual fee earnings are capped primarily based on rank:
- Newbies and Rookies can earn as much as $560 a day
- Intermediates can earn as much as $1040 a day
- Advanceds can earn as much as $1520 a day
- Professionals can earn as much as $2000 a day
- Consultants can earn as much as $2560 a day
- Leaders can earn as much as $3040 a day
- Mentors can earn as much as $3520 a day
- Stars can earn as much as $4000 a day
- Tremendous Stars can earn as much as $5040 a day
Matching Bonus
MarketPeak pays a Matching Bonus on residual commissions earned by downline associates.
A 5% Matching Bonus is paid utilizing the identical unilevel crew construction as referral commissions, capped down 5 ranges of recruitment.
To qualify for the Matching Bonus, a MarketPeak affiliate will need to have purchased in on the Marketer or larger tiers.
Rank Rewards
Rank Rewards is a further bonus share, paid out weekly on a MarketPeak affiliate’s total downline generated funding quantity.
- Newbies earn 4%
- Rookies earn 6%
- Intermediates earn 8%
- Advanceds earn 10%
- Professionals earn 12%
- Leaders earn 14%
- Prime Leaders earn 16%
- Mentors earn 18%
- Stars earn 19%
- Tremendous Stars earn 20%
Word that the Rank Rewards are a differential bonus, which means 20% is paid out on all downline turnover quantity.
Larger ranked associates accumulate the proportion distinction paid to downline associates which are at a decrease rank.
E.g. a Prime Chief earns their 16% Rank Rewards bonus, leaving 4% remaining to be paid out.
The system searches upline for both a Mentor, Star or Tremendous Star to pay the remaining stability out to.
If a Mentor is paid out first, the system pays them 2% (the distinction between 16% and 18%), and continues to go looking upline for larger ranked associates to pay the remaining 2% out to.
If a Star is discovered first, they obtain 3% leaving a remaining 1% to be paid to the primary upline Tremendous Star.
If a Tremendous Star is discovered first, they accumulate the complete remaining 4% stability.
Word that any time a Tremendous Star is discovered they’re paid the remaining stability in full.
Rank Achievement Bonus
MarketPeak rewards associates for qualifying at any of its ten ranks:
- qualify as a Beginner and obtain $100
- qualify as a Rookie and obtain $300
- qualify as an Intermediate and obtain $2000
- qualify as an Superior and obtain $6000
- qualify as a Skilled and obtain $20,000
- qualify as a Chief and obtain $60,000
- qualify as a Prime Chief and obtain $200,000
- qualify as a Mentor and obtain $350,000
- qualify as a Star and obtain $600,000
- qualify as a Tremendous Star and obtain $1,000,000
Word that the Rank Achievement Bonus is paid out in bitcoin.
International Bonus
MarketPeak takes 5% of company-wide funding quantity and locations it into the International Bonus.
The International Bonus is cut up into three swimming pools, paid to certified All-In or Enterprise funding tier associates.
- qualify for a share within the 3% International Bonus 1 pool by recruiting a Tremendous Star ranked affiliate
- qualify for a share within the 1% International Bonus 2 pool by recruiting two Tremendous Star ranked associates (further 500,000 PEAK tokens rewarded)
- qualify for a share within the 1% International Bonus 3 pool by recruiting three Tremendous Star ranked associates (further 1,000,000 PEAK tokens rewarded)
Becoming a member of MarketPeak
MarketPeak affiliate membership begins at $250.
- Affiliate – $250
- Marketer – $1000
- All-In – $2000
- Enterprise – $7500
A “Free” affiliate tier additionally exists for advertising and marketing functions, nonetheless Free tier associates don’t qualify for MLM commissions.
Conclusion
Like many Ponzi scammers, MarketPeak marks Sergej Heck’s leaping on the cryptocurrency bandwagon.
PEAK is an ethereum primarily based ERC-20 token. They take about an hour to arrange and deploy.
PEAK tokens are nugatory exterior of MarketPeak, serving solely as a car to commit securities fraud by way of.
The fraud inside MarketPeak’s enterprise mannequin could be divided into two elements.
First there’s the pyramid facet of the enterprise mannequin. All commissions inside MarketPeak’s enterprise mannequin are paid on recruited affiliate funding.
This can be a closed-loop system with no retail to talk of.
The second fraud is that of a Ponzi scheme. Via an inner change, MarketPeak associates are in a position to money out PEAK tokens.
PEAK tokens are generated on demand by MarketPeak as required, at little to no price.
Regardless of MarketPeak launching final yr, PEAK tokens seem to have solely been listed on public exchanges as of March 2020.
The primary public change to record PEAK was Coinsbit, following an preliminary announcement final September:
From this we will surmise MarketPeak is planning to deploy the general public change exit-scam mannequin.
As I write this just a few thousand {dollars} of PEAK tokens a day are traded on public exchanges. Presumably the majority of PEAK tokens are nonetheless traded internally inside MarketPeak itself.
No particulars of this are offered on MarketPeak’s web site.
In any occasion once they shut the inner change down, PEAK tokens will probably be dumped on public exchanges as per the general public change exit-scam mannequin.
The present PEAK token public worth is 9.5 cents, which is able to fall even additional when the inevitable panic dumping begins.
Inside MarketPeak itself you even have curated Ponzi funding schemes – the primary of which is BitPhoenix.
Supposedly BitPhoenix has its personal shitcoin token. These are flogged to MarketPeak buyers on the promise of month-to-month returns, purportedly derived by way of automated cryptocurrency buying and selling.
Along with BitPhoenix, there’s additionally MasterPool token – by way of which MarketPeak advertises 11% returns paid in bitcoin.
So not solely is MarketPeak a Ponzi scheme, it has Ponzi schemes developed inside it. Scams inside scams, what a multitude.
With PEAK token used to hyperlink them, I think about extra curated Ponzi schemes will launch inside MarketPeak over time. And so the gravy practice will proceed till MarketPeak buyers smart up.
Be it cryptocurrency or the extra conventional Ponzi schemes Sergej Heck has expertise with, the maths behind them is similar.
As soon as new funding dries up so do return withdrawals – inevitably leaving nearly all of MarketPeak buyers with a loss.