Crypto-T Review – Ponzi Scheme  – MLM Scam

Website & Company information

The web domain of the company was privately registered on the 24th of December 2019 and was later updated on 2020–07–14. The website does not provide any information about who owns or runs the company.

According to the site, Crypto-T is based out of Malta. We couldn’t find any company reg no on the site.

Note: Malta is a scam-friendly jurisdiction. You should be suspicious of any MLM company representing it is based out of Malta.

Also, there are several grammatical errors on the site. This showcases whoever is running Crypto-T; clearly English isn’t their first language.

At the time of writing this article, Alexa cites Venezuela (15.4%), Russia (7.9%) and Mexico (7.2%) as top sources of traffic to Crypto-t’s website. It is highly likely that the admin is operating from any one of these countries.

As always, if a company is not transparent about their incorporation and its corporate structure, then you must think twice before handing over your hard-earned money to them.

Crypto-T’s Products

The company has no retailable products or services, with affiliates only able to market Crypto-T affiliate membership itself.

Crypto-T’s Compensation Plan

Affiliates are required to invest a minimum of $10 or more on the promise of a daily 2.12% to 3.075% ROI.

Term limit and other criteria are not clearly specified.

Referral Commissions

Crypto-T pays referral commissions down three levels of recruitment via a unilevel payment structure:

  • 5% on level 1 (direct)
  • 1% on level 2
  • 0.5% on level 3

Crypto-T boasts several qualified representative affiliates that receive increased referral commission rates:

  • 7% on level 1
  • 2% on level 2
  • 1% on level 3

Note that Crypto-T does not provide Representative qualification criteria.

Bonuses

Affiliates are rewarded with a lump sum bonus when they convince others to invest:

  • convince others to invest a minimum of $10,000 an get $500
  • convince others to invest a minimum of $20,000 and get $1000
  • convince others to invest a minimum of $30,000 and get $3000
  • convince others to invest a minimum of $100,000 and get $5000

Joining Crypto-T

Joining Crypto-T affiliate membership is free. However, full participation in the attached income opportunity requires a minimum investment of $10.

Crypto-T solicits investment in bitcoin, litecoin, ethereum, bitcoin cash, dash, zcash, doge and stellar.

Conclusion

Crypto-T claims of generating income via cryptocurrency trading. This representation of external revenue is false as no evidence of trading is provided. Nor is there any evidence of external revenue of any kind being used to pay returns.

The only verifiable source of revenue entering Crypto-T is the new investment and it is using these investments to pay existing affiliates. Any MLM company using new investments to honour existing withdrawal is running a Ponzi Scheme.

Once affiliate recruitment dies down so too will new investment.

The ROI revenue will go down, triggering a system collapse, and everybody will lose money.