Website & Company Information

Finiko is a Russian crypto MLM opportunity that was launched on January 11, 2018. The web domain of the company was registered privately on February 3, 2020, and was later updated on 2020–03–31.

The website gives a strong feeling of an affiliate login page and nothing else.

We can confirm from our side that the owners are ‘’really’’ running the company from Russia since Alexa cites Russia as the top source of the traffic to Finiko’s website (68.7%). And the official marketing videos are also in the Russian language.

Apart from the login page, the company does not provide any information about who is running the company or anything about the team.

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.

Finiko’s’s Products

The company does not have any retail option to speak of. Only the affiliates can market Finiko affiliate membership. That’s it!

As of now, the website is accessible to the U.S citizens, and this is a matter of concern because an MLM must have a retail option if they are offering their services to clients from the U.S.

Finiko’s’s Compensation Plan

The affiliates are promised a 1% daily ROI for 100 days if they invest in $1030 CTI positions. Also, Finiko affiliates receive a 5% referral commission on funds invested by personally recruited affiliates.

Finiko Affiliate Ranks

Fininko has currently ten ranks within its compensation plan. Each rank has its respective criteria, and these criteria are as follows:

• 1 Star requires an affiliate to invest in and maintain one CTI position and generate 10,000 CTI in downline investment volume
• 2 Star requires an affiliate to maintain one CTI investment position and generate 30,000 CTI in downline investment volume (only 70% of level 2 volume is counted)
• 3 Star requires an affiliate to invest in and maintain two CTI positions and generate 50,000 CTI in downline investment volume (only 50% of level 3 volume is counted)
• 4 Star requires an affiliate to invest in and maintain three CTI positions and generate 70,000 CTI in downline investment volume (only 30% of level 4 volume is counted)
• 5 Star requires an affiliate to invest in and maintain five CTI positions and generate 100,000 CTI in downline investment volume (only 20% of level 5 volume is counted)
• 6 Star requires an affiliate to invest in and maintain seven CTI positions, personally recruit and maintain one 2 Star and generate 200,000 CTI in downline investment volume (only 15% of level 6 volume is counted)
• 7 Star requires an affiliate to invest in and maintain eight CTI positions, personally recruit and maintain one 3 Star and generate 300,000 CTI in downline investment volume (only 10% of level 7 volume is counted)
• 8 Star requires an affiliate to invest in and maintain ten CTI positions, personally recruit and maintain two 3 Stars and one 4 Star and generate 400,000 CTI in downline investment volume (only 10% of level 8 volume is counted)
• 9 Star requires an affiliate to invest in and maintain fifteen CTI positions, personally recruit and maintain two 4 Stars and one 5 Star and generate 600,000 CTI in downline investment volume (only 5% of level 9 volume is counted)
• 10 Star requires an affiliate to invest in and maintain twenty CTI positions, personally recruit and maintain two 5 Stars and one 6 Star and generate 1,000,000 in downline investment volume (only 3% of level 10 volume is counted)

The volume percentages that are capped are counted from certain levels refer to the unilevel team.

Note:

1. From 11 Star of the unilevel team, only 1% of the generated volume is counted towards required downline investment volume.
2. On every CTI position, an admin fee of 30 CFR is charged. Remember that this 30 CFR volume does not count towards rank qualification criteria.

Residual Commissions

The company also pays residual commissions via a unilevel compensation structure, capped at ten unilevel teams.

• 1 Stars earn 3% on level 1 (direct recruits)
• 2 Stars earn 3% on levels 1- 2
• 3 Stars earn 3% on levels 1–3
• 4 Stars earn 3% on levels 1–4
• 5 Stars earn 3% on levels 1–5
• 6 Stars earn 3% on levels 1–6
• 7 Stars earn 3% on levels 1–7
• 8 Stars earn 3% on levels 1–8
• 9 Stars earn 3% on levels 1–9
• 10 Stars earn 3% on levels 1–9 and 3.5% on level 10

Rank Achievement Bonus

The company also rewards affiliates when they achieve a 5% rank or anything above:

• Get 500 CFR when you qualify at 5 Star
• Get 1000 CFR when you qualify at 6 Star
• Get 2000 CFR when you qualify at 7 Star
• Get 5000 CFR when you qualify at 8 Star plus an increased 2% daily ROI rate
• qualify at 9 Star and receive a “car or monetary equivalent) and an increased 2.5% daily ROI rate
• Get an increased 3% daily ROI rate when you qualify at 10 Star

Joining Finiko

Joining Finiko affiliate membership requires a minimum investment of $1030 paid in Bitcoin.

Additional investment positions cost $1030 each, also paid in Bitcoin.

Conclusion

We term this scheme as a typical MLM Ponzi points scheme.

According to Alexa, the company started with finiko.ru domain, targeting only Russian investors. Around Feb-March, they started targeting international users since they filly exhausted the Russian market.

The company claims of generating revenue through ‘’actively and efficiently trading in different markets, i.e. indexes [sic], stocks, cryptocurrency and forex’’, but fails to provide any substantial proof to back its claim. Finiko also fails the Ponzi logic test because if the owners can make 10% ROI a day, then why are they asking you for your money? Why aren’t they compounding it for themselves?

The answer is NO SUCH THING EXISTS THAT COULD MAKE THEM 10% DAILY. They want to get rich off your money.

For us, the only verifiable source of revenue entering Finiko is the new investment, and the admins are using new money to reward existing affiliates. This makes it a Ponzi scheme.

The CFR token marketed in the company’s presentation holds no real value outside the company’s ecosystem. Finiko can generate as much as CFR tokens they want without incurring any cost (apart from erc20 token dev cost). The company can literally print tokens worth million dollars out of thin air, and in our words, these tokens are just ‘’shitcoins’’.

Most of these MLMs that have their own tokens first focus on creating hype or a bubble that generates demand, and then they dump their bags on thousands of innocent investors.