Website & Company Information
The web domain of the company was privately registered on the 17th of June 2019 and was later updated on 2020–07–02. The website does not provide any information about who owns or runs the company.
According to the website, the company is based out of the UK. This is an attempt to look genuine. The company appears to have been abandoned, as there’s a confirmation statement overdue notice on Companies House.
Fact: The U.K. is one of the most favourable jurisdictions for scammers, and 90% of all the shady MLMs are registered in the U.K. Also, U.K. incorporation is dirt cheap.
Now before we proceed further, as always, if a company is not transparent about its business operations, team, incorporation etc., do you really think they deserve your money?
The company has no retailable products or services, with affiliates only able to market CryptoNode affiliate membership itself.
CryptoNode’s Compensation Plan
The affiliates of the company invest funds on the promise of advertised returns:
- Standard — invest anywhere between $10 to $10,000 and get a 300% ROI after 50 days
- Premium — invest anywhere between $10,000 to $100,000 and get a 350% ROI after 50 days
Perpetual daily return plans are also offered:
- Plan #1 — invest anywhere between $25 to $250 and get 1% a day
- Plan #2 — invest anywhere between $251 to $1000 and get 1.5% a day
- Plan #3 — invest anywhere between $1001 or more and get 2% a day
Referral commissions on invest anywhere between funds are paid out down three levels of recruitment (unilevel):
- 4% on level 1 (direct recruits)
- 2% on level 2
- 1% on level 3
Joining CryptoNode affiliate membership is free. However, full participation in the attached income opportunity requires a minimum investment of $10.
CryptoNode is a Ponzi Scheme where the anonymous owners of the company don’t even care to come up with an explanation about how their company is generating revenue and though which means.
They have simple setup an automated Ponzi system where they expect victims to fall for them so easily. In most of the cases, these low-effort Ponzi schemes do work!
The only verifiable source of revenue entering into the company is the new investments and using these investments to pay returns of up to 5% a day makes CryptoNode a Ponzi scheme.
And like all other Ponzi schemes when the new funds stop coming in, this will starve CryptoNode of ROI revenue, eventually prompting a collapse.