Kryptomusk fails to supply possession or govt data on its web site.
Kryptomusk operates from two recognized web site domains:
- kryptomusk.com – privately registered on November twenty fifth, 2022
- kryptomusk.internet – privately registered on on November twenty sixth, 2022
In an try to look professional, Kryptomusk supplies incorporation particulars for “Kryptomusk LTD” and “Kryptomusk LLC”.
Kryptomusk LTD was purportedly integrated within the UK on December twenty second, 2022.
An MLM firm working or claiming to function out of the UK is a crimson flag.
UK incorporation is grime low-cost and successfully unregulated. On high of that the FCA, the UK’s high monetary regulator, don’t actively regulate MLM associated securities fraud.
Because of this the UK is a popular jurisdiction for scammers seeking to incorporate, function and promote fraudulent corporations.
For the aim of MLM due-diligence, incorporation within the UK or registration with the FCA is meaningless.
Kryptomusk LLC is purportedly a shell firm integrated in Delaware on February seventh, 2023.
As a result of ease with which scammers are in a position to incorporate shell corporations with bogus particulars, for the aim of MLM due-diligence shell incorporation in any jurisdiction is once more meaningless.
As all the time, if an MLM firm will not be overtly upfront about who’s operating or owns it, assume lengthy and arduous about becoming a member of and/or handing over any cash.
Kryptomusk’s Merchandise
Kryptomusk has no retailable services or products.
Associates are solely in a position to market Kryptomusk affiliate membership itself.
Kryptomusk’s Compensation Plan
Kryptomusk associates make investments USD equivalents in cryptocurrency. That is carried out on the promise of marketed returns:
- Primary Plan – make investments $25 to $9999 and obtain 1.5% a day for 180 days
- Premium Plan – make investments $10,000 to $49,999 and obtain 2% a day for 150 days
- Govt Plan – make investments $50,000 to $149,999 and obtain 2.5% a day for 120 days
The MLM aspect of Kryptomusk pays on recruitment of affiliate traders.
Referral Commissions
Kryptomusk pays referral commissions on cryptocurrency invested by personally recruited associates:
- Primary Plan tier associates obtain an 8% referral fee fee
- Premium Plan tier associates obtain a 9% referral fee fee
- Govt Plan tier associates obtain a ten% referral fee fee
Residual Commissions
Kryptomusk 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. Notice there isn’t a restrict to how deep a binary group can develop.
On the finish of every day Kryptomusk tallies up new funding quantity on either side of the binary group.
Associates are paid 10% of recent funding on their weaker binary group aspect, capped each day primarily based on how a lot they’ve invested:
- Primary Plan tier associates can earn as much as $1000 in each day residual commissions
- Premium Plan tier associates can earn as much as $5000 in each day residual commissions
- Govt Plan tier associates can earn as much as $15,000 in each day residual commissions
Becoming a member of KryptoMusk
Kryptomusk affiliate membership is free.
Full participation within the hooked up revenue alternative requires an preliminary $25 to $149,999 funding.
Kryptomusk solicits funding in varied cryptocurrencies.
Kryptomusk Conclusion
Kryptomusk represents it generates exterior income by way of cryptocurrency buying and selling.
Krypto Musk trades with high centralized and decentralised crypto forex and generate income each day.
Along with there being no proof Kryptomusk generates exterior income of any sort, this declare fails the Ponzi logic check.
If Kryptomusk was in a position to commerce cryptocurrency such they had been legitimately producing 2.5% a day on a constant foundation, what do they want your cash for?
Moreover, Kryptomusk’s passive funding alternative constitutes a securities providing.
Kryptomusk fails to supply proof it has registered with monetary regulators in any jurisdiction. Which means at a minimal, Kryptomusk is committing securities fraud.
Because it stands, the one verifiable income coming into Kryptomusk is new funding.
Utilizing new funding to pay affiliate withdrawals would make Kryptomusk a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This can starve Kryptomusk of ROI income, finally prompting a collapse.
The maths behind Ponzi schemes ensures that once they collapse, nearly all of individuals lose cash.
