Tectum operates within the cryptocurrency MLM area of interest.
The corporate represents it’s a part of CrispMind LTD. CrispMind purportedly has each US and European workplaces.
Tectum’s offered Illinois company suite deal with is shared by plenty of different firms, suggesting it’s digital in nature. Tectum’s European workplace is represented to be in Eire.
Tectum’s web site has an “our group” part, on which fourteen people are listed.
In what seems to be a UI design failure, government roles aren’t obtainable until you click on by way of on every group member’s title.
I wasted my time clicking by way of each offered Tectum group member’s profiles, solely to search out who really owns and runs the corporate isn’t disclosed.
The one title I acknowledged of Tectum’s fourteen group members was David Monitor.
BehindMLM famous David Monitor (proper), as founder and President of PrepayCPA in 2011.
PrepayCPA is lengthy gone. Questioning what Monitor has since been as much as, I headed over to his LinkedIn profile.
Along with working Monitor Firms, who “concentrate on high-risk service provider bank card companies”, Monitor was Senior Vice President of Progress & Technique for Tryp.
BehindMLM reviewed Tryp in January 2019, noting a pyramid enterprise mannequin with an unlawful inventory providing.
Tryp collapsed as an MLM firm in January 2020.
Monitor seems to have reinvented himself as a crypto bro in 2020. Monitor’s LinkedIn cites him as a Bitlocity “Member of the Board of Advisors”.
Bitlocity was an MLM crypto gifting pyramid scheme. The rip-off collapsed in early 2021.
In late 2021 Monitor jumped on the NFT grift bandwagon as co-founder of NFT Tycoons.
That went nowhere, main Monitor to signal on as Tectum’s Director of Mass Adoption in April 2022.
Nonetheless eager to know who was working Tectum, my subsequent port of name was CrispMind’s web site.
There I realized Alex Guseff (proper) is CEO of CrispMind. Presumably this implies Guseff can also be working Tectum.
Guseff is the final Tectum group member listed on their web site. Why his working of the corporate isn’t disclosed is unclear.
Guseff seems to be a random crypto bro from Russia. Versus both the US or Eire, a June 2020 PR puff piece on Medium locations Crispmind in Kazan, Russia.
Alexander Guseff is a profession software program growth government from Crispmind, a software program growth startup situated in Kazan, Russia.
Why Crispmind and Tectum are pretending to be primarily based out of the US and Eire can also be unclear.
SimilarWeb at present ranks high sources of site visitors to Tectum’s web site because the UK (37%), Russia (31%), Switzerland (20%) and Canada (7%).
As at all times, if an MLM firm shouldn’t be overtly upfront about who’s working or owns it, assume lengthy and onerous about becoming a member of and/or handing over any cash.
Tectum’s Merchandise
Tectum has no retailable services or products.
Associates are solely capable of market Tectum affiliate membership itself.
Tectum’s Compensation Plan
Tectum associates spend money on Tectum token (TET).
TET is then used to buy SoftNote licenses, by way of which Tectum advertises an “as much as” 300% annual return.
SoftNote licenses are bundled in packages costing between $1 and $500,000:
We’ll get into what SoftNote is within the conclusion of the evaluate.
The MLM aspect of Tectum pays on recruitment of affiliate buyers.
Referral Commissions
Tectum associates earn a ten% fee on SoftNote license funding by personally recruited associates.
Residual Commissions
Tectum pays a 5% residual fee on SoftNote license funding down three ranges of recruitment (unilevel).
If a Tectum affiliate qualifies as a Group Chief, they earn residual commissions down six ranges of recruitment:
- stage 1 (personally recruited associates) – 10%
- stage 2 – 5%
- stage 3 – 4%
- stage 4 – 3%
- stage 5 – 2%
- stage 6 – 1%
Group Chief qualification requires a Tectum affiliate to persuade others to take a position $100,000 in TET.
Regional Chief Bonus
Tectum takes 5% of company-wide SoftNote license funding and pays it out to Tectum Regional Leaders.
Tectum doesn’t present Regional Chief qualification standards.
Becoming a member of Tectum
Tectum affiliate membership seems to be free.
Full participation in Tectum requires funding in TET tokens.
TET is at present being internally bought to Tectum associates at $2.50 every.
Tectum Conclusion
Tectum’s crypto declare to fame is having “the world’s quickest blockchain”.
Don’t know if that’s true, and it doesn’t matter.
Some random firm creating the world’s quickest blockchain is like constructing a freeway to nowhere with out pace limits.
No person cares.
Seemingly determined to get better no matter they’ve sunk into the failed challenge, we now have CrispMind repurposing Tectum as a 300% ROI Ponzi scheme.
The ruse behind Tectum’s Ponzi scheme is funding in SoftNote licenses.
Earlier than we get into that we should always discover why CrispMind and Tectum, firms which have seemingly been round for some time, are launching a Ponzi scheme.
Referencing the Medium puff piece article cited within the introduction of this evaluate, we study;
For over seven years, a group of mathematicians, programmers & AI specialists in Russia have been perfecting the lightning-fast logistical Tectum Blockchain — and it’s lastly prepared for prime-time.
That piece was written in 2020, so scammers in Russia have purportedly been engaged on this since ~2013.
I don’t imagine that, seeing as Tectum’s web site area was registered in 2018. CrispMind’s personal web site was registered in 2019.
I additionally wish to observe that within the Medium article, Alexander Guseff is cited as a Tectum software program government.
I joined the group a few 12 months and half in the past, and after I began writing a white paper on it.
I don’t know when Guseff was promoted to CEO of Tectum and CrispMind.
In any occasion, this presents us with two eventualities:
- Tectum is being run by unknown Russian scammers and Guseff is a puppet government; or
- Guseff is mendacity and has been behind Tectum and CrispMind all alongside.
Both state of affairs raises crimson flags.
Whereas I can’t rule out Tectum is a continuation of different failed blockchain tasks (that is fairly frequent), it actually didn’t exist previous to 2018 on the earliest.
Previous to becoming a member of CrispMind and Tectum in 2019, Guseff ran a mobile phone restore store in Russia.
Not being upfront concerning the origins of CrispMind and Tectum is one other crimson flag.
With that out of the way in which, again to Tectum’s SoftNote license Ponzi scheme.
SoftNote is a crypto pockets connected to Tectum.
SoftNote is the flagship product of Tectum and is positioned as the primary transactionless cost system boasting actually prompt cost capabilities and zero-fee coverage for an finish person, transactionless implies that no transaction really takes place on native community.
SoftNote is extra nameless than Bitcoin pockets as a result of BTC transaction can’t be traced by public deal with.
The cost shouldn’t be registered within the native community ledger whereas the steadiness is handed over.
TL;DR: SoftNote guarantees anonymity on the blockchain. Excellent for working a Ponzi scheme by way of.
The license baloney is simply that, baloney. It clearly is mindless for buyers to be dumping hundreds of {dollars} in licenses for a freely obtainable crypto pockets.
The SoftNote license ruse after all isn’t presupposed to make sense although, it’s a paper-thin Ponzi advertising ruse. Tectum buyers aren’t supposed to consider it.
And the actual kicker is SoftNote hasn’t even launched but.
As soon as the SoftNote System has launched, value of a TET will probably be outlined by income of Mint Licenses being bought everywhere in the world.
Up within the compensation part of this evaluate, I offered a chart on Tectum license bundle funding.
The doc that chart is from dates again to late 2021.
The Pre-sale supply began on September fifteenth 2021 and is legitimate by way of April fifteenth 2022.
The preliminary Ten Million SoftNote Payments will probably be minted on or earlier than October thirty first 2021 by Genesis Sensible Contract as one-time occasion and distributed amongst Minting License Holders.
Firstly SoftNote Payments are going to be priced at 1% of its face worth (see beneath) as of September fifteenth 2021 with anticipated gradual value improve as demand grows. SoftNote profitability doubtlessly permits for as much as 5% value improve.
Pre-sale Provide ends in April 2022.
This’d be when the early scammers had been onboarded, with most people now anticipated to fatten their wallets.
The preliminary presale section 1 of the Tectum Token (TET) had a value of $1 and a pair of.5 million TET had been bought. TET tokens at section 2 had been then bought for $2. We at the moment are in section 3 with TET priced at $2.5.
Not surprisingly, to promote the rip-off Tectum’s web site and advertising materials are draped in guarantees of riches:
This is a wonderful funding that may mean you can obtain as much as 300% every year.
MLM firms advertising passive funding alternatives represent a securities providing.
In representing it’s primarily based out of the US, and having at the least one US government (David Monitor’s LinkedIn locations him in Delaware), Tectum’s securities providing falls underneath the jurisdiction of the SEC.
A search of the SEC’s Edgar database reveals neither CrispMind, Tectum, Alexander Guseff or David Monitor are registered with the SEC.
Because of this, at a minimal, all events concerned are committing securities fraud.
MLM firms committing securities fraud lend themselves to working Ponzi schemes.
The present value of TET is the equal of $2.00 quickly to start out going up, leveling to $7.60 on the level of reaching the Gentle Cap – the Unlock; when the SoftNote System has launched the value of TET will begin being outlined by the profitability of Mint License and that’s when it’s going to go to the MOON.
In lieu of registering monetary regulators and submitting legally required audited monetary studies, Tectum claims its been vetted by “main American and Canadian auditors”.
Placing apart the declare most actually being baloney, this isn’t an alternative to registering with regulators and working legally.
Taking CrispMind and Tectum’s monetary fraud one step additional, the corporate isn’t registered to supply securities in any jurisdiction.
This contains the UK, Russia Switzerland and Canada, international locations Tectum is primarily being promoted in.
As with all MLM Ponzi schemes, as soon as Tectum affiliate recruitment dries up so too will new funding.
It will depart Tectum unable to pay TET token withdrawals, ultimately resulting in a collapse.
The maths behind Ponzi schemes ensures nearly all of individuals will lose cash.
