MyPromoAd gives no details about who owns or runs the corporate on its web site.
MyPromoAd’s web site area (“mypromoad.internet”), was privately registered on December fifteenth, 2021.
This helps a January fifteenth, 2022 launch date supplied by MyPromoAd.
MyPromoAd’s web site is offered in three languages; German, English and Russian.
Of the three languages provided, German seems to be the default. There are pages on MyPromoAd’s web site that default to German and are usually not obtainable in English or Russian.
This implies whoever is operating MyPromoAd has ties to Germany, or on the very least is fluent in German.
At time of publication Alexa ranks high sources of site visitors to MyPromoAd’s web site as Israel (20%), Switzerland (20%) and Indonesia (15%).
As all the time, if an MLM firm will not be brazenly upfront about who’s operating or owns it, suppose lengthy and onerous about becoming a member of and/or handing over any cash.
MyPromoAd’s Merchandise
MyPromoAd has no retailable services or products.
MyPromoAd associates are solely in a position to market MyPromoAd affiliate membership itself.
MyPromoAd associates obtain adcredits, which can be utilized to buy promoting on the corporate’s web site.
MyPromoAd’s Compensation Plan
MyPromoAd associates buy $20 positions in a five-tier 2×3 matrix cycler.
A 2×3 matrix locations an affiliate on the high of a matrix, with two positions immediately beneath them:
These two positions type the primary stage of the matrix. The second stage of the matrix is generated by splitting these first two positions into one other two positions every (4 positions).
Degree three of the matrix is generated in the identical method and homes eight positions, for a complete of fourteen.
MyPromoAd cycler tiers are $20, $50, $300, $1000 and $10,000.
When all positions in a matrix are stuffed, a “cycle” is triggered and a fee paid out. A brand new place on the subsequent cycler tier can be generated.
Funds throughout MyPromoAd’s five-tier cycler are as follows:
- Tier 1 (positions price $20) – generates $20 cycle fee and cycles into tier 2
- Tier 2 – generates $50 fee and cycles into tier 3
- Tier 3 – generates $300 fee and cycles into tier 4
- Tier 4 – generates $1000 fee and cycles into tier 5
- Tier 5 – generates $10,000 and cycles (see under)
From Tier two personally recruited associates have to be in a matrix to cycle to the subsequent tier. It’s unclear what occurs if this situation will not be met.
It’s also unclear whether or not tier 5 cycles into a brand new tier 5 or tier 1 matrix.
Referral Commissions
MyPromoAd pays referral commissions per affiliate personally recruited into an matrix cycled out of.
- $20 tier pays $1 per recruited affiliate
- $50 tier pays $3.60 per recruited affiliate
- $300 tier pays $15 per recruited affiliate
- $1000 tier pays $50 per recruited affiliate
- $10,000 tier pays $180 per recruited affiliate
Becoming a member of MyPromoAd
MyPromoAd affiliate membership is free. As soon as signed up, associates should spend money on a $20 cycler place to take part within the connected revenue alternative.
MyPromoAd solicits funding in bitcoin, ethereum, tron, tether, ripple “and others”.
MyPromoAd Conclusion
Slightly than simply be trustworthy about its fraudulent enterprise mannequin, MyPromoAd markets its rip-off as a “fundraising recreation”.
A PASSIVE INCOME
Simply ebook our premium choice and we’ll handle your revenue.
The fact is MyPromoAd is a basic adcredit Ponzi.
$20 in generates $11,370. That is paid from subsequent cycler place investments, making MyPromoAd a Ponzi scheme.
Referral commissions generate recruitment, which is required to maintain the Ponzi scheme going. Referral commissions additionally add a pyramid component to MyPromoAd.
Being a cycler Ponzi, recruitment inevitably stalling may even stall matrices throughout the cycler.
As soon as sufficient matrices stall, an irreversible collapse will set off.
At any time when it occurs, it will end result within the majority of MyPromoAd associates realizing a loss.