Namiro provides no information on its website about who owns or runs the company.
Namiro’s website domain (“namiro.org”) was registered on Februray 12th, 2020. The private registration was last updated in April 2020.
Although not definitive, Namiro’s use of euros suggests whoever is running it is based out of Europe.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
Namiro’s Products
Namiro has no retailable products or services, with affiliates only able to market Namiro affiliate membership itself.
Namiro’s Compensation Plan
Namiro affiliates invest euros on the promise of advertised monthly returns.
- Namiro BCT – invest €1000 to €250,000 EUR and receive up to 4% a month
- BCT Special – invest €10,000 to €250,000 EUR and receive up to 2% a month
Namiro pays an 0.88% referral commission down two levels of recruitment (unilevel).
Joining Namiro
Namiro affiliate membership is free.
Full participation in the attached income opportunity however requires a minimum €1000 EUR investment.
Conclusion
Namiro pitches itself as a “crypto based bonus platform”, which sounds like meaningless jargon.
What Namiro actually is is a cookie-cutter MLM crypto Ponzi.
Affiliates invest funds and Namiro uses those funds to pay ROI withdrawal requests.
Referral commissions on invested funds adds an additional pyramid layer to the scheme.
That’s all there is to Namiro’s business model.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve Namiro of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.