200% ROI crypto Ponzi scheme

Paymoney’s web site offers no possession or company data.

In an try to seem legit, Paymoney offers UK incorporation particulars for Paymoney Digital LTD.

An MLM firm working or claiming to function out of the UK is a crimson flag.

UK incorporation is filth low-cost and successfully unregulated. On prime of that the FCA, the UK’s prime monetary regulator, don’t actively regulate MLM associated securities fraud.

In consequence the UK is a well-liked jurisdiction for scammers seeking to incorporate, function and promote fraudulent firms.

For the aim of MLM due-diligence, incorporation within the UK or registration with the FCA is meaningless.

At time of publication Alexa cites Thailand as the one notable supply of site visitors to Paymoney’s web site (57%).

Paymoney’s present web site area (“paymoney.digital”), was privately registered in July 2021.

The corporate launched utilizing “paymoney.io”, believed to have been acquired in November 2021. Why Paymoney’s .IO area was deserted will not be clear.

Paymoney does have an official YouTube channel. The corporate’s advertising movies nonetheless are voice dubs set to inventory footage.

As all the time, if an MLM firm will not be brazenly upfront about who’s operating or owns it, assume lengthy and exhausting about becoming a member of and/or handing over any cash.

Paymoney’s Merchandise

Paymoney has no retailable services or products.

Associates are solely capable of market Paymoney affiliate membership itself.

Paymoney’s Compensation Plan

Paymoney associates make investments bitcoin or litecoin on the promise of marketed returns:

  • make investments $150 and obtain $37 a month
  • make investments $300 and obtain $75 a month
  • make investments $500 and obtain $125 a month
  • make investments $1000 and obtain $250 a month
  • make investments $2500 and obtain $625 a month
  • make investments $5000 and obtain $1250 a month
  • make investments $10,000 and obtain $2500 a month
  • make investments $20,000 and obtain $5000 a month
  • make investments $50,000 and obtain $10,000 a month
  • make investments $100,000 and obtain $20,000 a month
  • make investments $200,000 and obtain $40,000 a month

Word that I’ve seen $250,000, $500,000 and $1,000,000 funding choices out there within the Paymoney backoffice. These differ from the corporate’s compensation documentation (quoted aboved).

Paymoney pays returns every day Monday by means of Saturday. All funding tiers are capped at 200%.

After 200% has been acquired, reinvestment on the similar or the next tier is required to proceed incomes.

Word that Paymoney prices a ten% withdrawal charge and restricts withdrawal requests to Friday solely.

The MLM aspect of Paymoney pays on recruitment of affiliate traders.

Word that Paymoney caps earnable commissions every day on the funding tier an affiliate has invested at.

E.g. Paymoney associates who make investments on the $2500 tier can solely earn as much as $2500 a day in MLM commissions.

Referral Commissions

Paymoney associates earn 15% of cryptocurrency invested by personally recruited associates.

Residual Commissions

Paymoney pays residual commissions through a binary compensation construction.

A binary compensation construction locations an affiliate on the prime of a binary staff, cut up into two sides (left and proper):

The primary stage of the binary staff homes two positions. The second stage of the binary staff is generated by splitting these first two positions into one other two positions every (4 positions).

Subsequent ranges of the binary staff are generated as required, with every new stage housing twice as many positions because the earlier stage.

Positions within the binary staff are stuffed through direct and oblique recruitment of associates. Word there isn’t a restrict to how deep a binary staff can develop.

On the finish of the day Paymoney tallies up new funding quantity on either side of the binary staff.

Associates are paid 10% of cryptocurrency invested on their weaker binary staff aspect.

As soon as paid out on, quantity is matched towards the stronger binary staff aspect and flushed.

Recruitment Bonuses

Bonus 1: If a Paymoney affiliate recruits six $5000 funding tier associates, they obtain a “deluxe bag” or $3500.

Bonus 2: If a Paymoney affiliate recruits ten $10,000 funding tier associates, they obtain a Rolex watch or $8000.

Bonus 3: If a Paymoney affiliate has 4 private recruits who qualify for Bonus 2, they obtain a BMW or $30,000.

Bonus 4: If a Paymoney affiliate has two private recruits who qualify for Bonus 3, they obtain a Mercedes Benz or $55,000.

Becoming a member of Paymoney

Paymoney affiliate membership is free.

Full participation within the hooked up revenue alternative requires a minimal $150 funding in bitcoin or litecoin.

Paymoney Conclusion

Paymoney represents it generates exterior income through an entire raft of ruses:

There is no such thing as a proof of Paymoney producing exterior income, through the claimed strategies or in any other case.

Moreover regardless of clearly providing a passive funding alternative, Paymoney will not be registered with monetary regulators in any jurisdiction.

Which means that at a minimal, Paymoney is committing securities fraud.

Because it stands the one verifiable income coming into Paymoney is new funding.

Utilizing new funding to pay returns makes Paymoney a Ponzi scheme.

As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.

This can starve Paymoney of ROI income, finally prompting a collapse.

One last item to be careful for, is Paymoney going for a ultimate money seize with nugatory NFTs:

The maths behind Ponzi schemes ensures that after they collapse, the vast majority of individuals lose cash.