ProCash offers no info on its web site about who owns or runs the corporate.
A advertising PDF file linked from ProCash’s web site identifies Rolando Mendoza as CEO of the corporate.
In line with his LinkedIn profile, Mendoza is predicated out of Lima, Peru. Mendoza’s Fb profile locations him in Bolivia.
Aside from posting a bunch of boomer private growth memes on Fb, Mendoza (proper) doesn’t seem to have been as much as a lot not too long ago.
I used to be unable to place collectively his MLM historical past, suggesting he’s both been inactive or promotes in non-public.
Alexa site visitors estimates recommend ProCash is at the moment being promoted in Cuba (60%) and Honduras (26%).
Learn on for a full evaluate of ProCash’s MLM alternative.
ProCash’s Merchandise
ProCash has no retailable services or products, with associates solely in a position to market ProCash affiliate membership itself.
ProCash’s Compensation Plan
ProCash associates join and make investments ethereum and tron on the promise of marketed returns.
ProCash’s official advertising presentation touts
- a MasterNodes contract that pays 4% to twenty% a month, capped at 200% (minimal 0.05 ETH funding);
- a Pool TRX contract that pays 15% to 25% a month, capped at 200% (minimal 100 TRX funding);
- a VIP TRX contract that pays a 300% passive return (no minimal funding quantity offered); and
- a lottery in “which everyone wins” (which is after all mathematically not possible)
Word {that a} 5% charge is charged on any withdrawals.
Further elements of ProCash’s compensation plan are detailed under.
Eight-tier 2×2 Matrix Cycler
ProCash’s 2×2 matrix cycler has eight tiers and prices 500 TRX to enter.
A 2×2 matrix locations an affiliate on the high of a matrix, with two positions instantly underneath them:
These two positions make up the primary degree of the matrix. The second degree of the matrix is generated by splitting these two positions into one other two positions every (4 positions).
Positions within the matrix are stuffed by way of subsequent funding.
ProCash’s cycler tiers begin at 500 TRX and go as much as 64,000 TRX.
The marketed return on every cycler tier is 368%.
Funding Commissions
ProCash associates are paid a proportion of funds invested within the MasterNode, Pool TRX and VIP TRX plans.
- MasterNode funding pays an 8% fee
- Pool TRX funding pays an 8% fee
- VIP TRX funding pays a 20% fee
Residual Commissions
ProCash pays residual commissions by way of a binary compensation construction.
A binary compensation construction locations an affiliate on the high of a binary group, break up into two sides (left and proper):
The primary degree of the binary group homes two positions. The second degree of the binary group is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary group are generated as required, with every new degree housing twice as many positions because the earlier degree.
Positions within the binary group are stuffed by way of direct and oblique recruitment of associates. Word there isn’t a restrict to how deep a binary group can develop.
On the finish of every day ProCash tallies up new funding quantity on either side of the binary group.
Associates are paid 8% of funds invested on their weaker binary group aspect.
Matching Bonus
ProCash pays a Matching Bonus on residual commissions by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel group, with each personally recruited affiliate positioned instantly underneath them (degree 1):
If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel group.
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.
ProCash caps the Matching Bonus at 1%, paid down 5 unilevel group ranges.
Profession Bonus
ProCash rewards associates for assembly the next eight rank qualification standards:
- Platinum (generate $2000 in collected weaker binary group aspect quantity) – a $30 TRX VIP funding place
- Sapphire (generate $20,000 in collected weaker binary group aspect quantity) – $400
- Ruby (generate $200,000 in collected weaker binary group aspect quantity) – $4000
- Emerald (generate $1,000,000 in collected weaker binary group aspect quantity) – a trip in Dubai for 2 and $5000
- Diamond (recruit two Emeralds and generate $2,000,000 in collected weaker binary group aspect quantity) – a Mercedes Benz GLA
- Diamond Founder (recruit two Diamonds and generate $4,000,000 in collected weaker binary group aspect quantity) – an Audi Q8
- Double Diamond (recruit two Diamond Founders and generate $8,000,000 in collected weaker binary group aspect quantity) – $130,000
Becoming a member of ProCash
ProCash affiliate membership charges are usually not disclosed.
What we do know is to take part within the revenue alternative, a minimal 0.05 ETH or 100 TRX funding is required.
Conclusion
ProCash is a lavatory customary cryptocurrency Ponzi scheme.
There’s not even a veneer of legitimacy right here, it’s simply straight up money-in, money-out Ponzi shenanigans.
The one time ProCash broach the subject of legitimacy is a piece on their web site that claims they “are a 100% authorized and consolidated firm”.
There’s a hyperlink to obtain ProCash’s “authorized bases”, which is an incorporation certificates for Professional Money Desires Corp in Panama.
Clearly that doesn’t legalize Ponzi fraud and is meaningless.
I discover it exhausting to consider Rolando Mendoza wakened in the future and determined to launch his personal Ponzi scheme.
ProCash is probably going the results of Mendoza shedding in a number of Ponzi schemes, earlier than inevitably realizing it’s way more worthwhile to do the scamming than to be scammed.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This can starve ProCash of ROI income, ultimately prompting a collapse.
The maths behind Ponzi schemes ensures that after they collapse, nearly all of members lose cash.