Website & Company Information
The web domain of the company was privately registered on March 5th 2020 and was later updated on 2020–04–22.
The website does not provide any information about who owns or runs the company. Energy Funds provides an address in Buffalo, New York on its website. The address provided on the site is fake.
On June 17th, a Youtube channel that goes by the name Know Buddy Crypto uploaded a video titled “MyMicroProfits CEO Interview”. In that video, someone going by “Al” claims to be My Micro Profits’ CEO. Al had a North American accent.
In an attempt to appear legitimate, the company provides a corporate address in the UK. The same address belongs to an eyewear company.
At the time of writing this article, Alexa cites Venezuela (14.8%), Brazil (8.5%) and Russia(9.8%) as top sources of traffic to MyMicroProfits’s website. It is highly likely that the admin is operating from any one of these countries.
As always, if the company is not being transparent about its corporate structure, then you must think twice before handing over your hard-earned money to anonymous people on the internet.
My Micro Profits’ Products
The company has no retailable products or services, with affiliates only able to market the affiliate membership itself.
My Micro Profits’ Compensation Plan
The affiliates of the company invest funds via cryptocurrency on the promise of an hourly ROI of 0.13%.
The company accepts Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dogecoin and Dash.
The affiliates also earn referral commissions. These commissions depend on invested funds that are then paid out down three levels of recruitment (unilevel):
- level 1 (direct) — 9%
- level 2–7%
- level 3–3%
Joining My Micro Profits
Joining My Micro Profits affiliate membership is free. However, full participation in the attached income opportunity requires some amount of investment. The amount is undisclosed.
The company claims of generating income through “transaction processing fees, cloud hosting, cryptocurrency trading and advertising arbitrage”. Yet it fails to provide any evidence that could help them back this claim.
Nor is there any evidence that the company is using external revenue of any kind to pay returns.
As of now, the only verifiable source of income going into the company is the new investment, and the company is using these news investments to honour existing affiliate’s withdrawals.
We will pay you INSTANT income every 60 minutes on complete autopilot!
Income is paid INSTANTLY to the cryptocurrency of your choice!
It is a Ponzi scheme because of the following reasons:
- We don’t who the admins are. Neither we could see any faces on the site.
- The address provided on the site is fake.
- They are new.
- The company also fails the Ponzi logic test because if it can generate an hourly ROI of 0.13%, then why does the admin need your money? It is stupid simple that they are behind your money!!
- Taking new investments to honour existing pending withdrawals.
You know what to do. Thanks!