Synterium Review: GectaCoin Ponzi points 12 month ROI scheme
Synterium operate in the cryptocurrency MLM niche. Through E-Trade Hub the company claims to be based out of Poland and primarily marketed marketed across Europe.
A timeline on the Synerium website ties Synterium to Central Marketing Limited, a Hong Kong company purportedly incorporated in early 2014.
E-Trade Hub was founded in Poland in mid 2016, with a partnership between the two companies allegedly formed in mid 2017.
In September, 2017 Synterium was announced.
No information about the corporate structure of E-Trade Hub or Central Marketing Limited is provided.
Synterium identify Valerius Popel as CEO of the company.
Other than identifying him as a Polish businessman and sociologist, Synterium provide no further information on Valerius Popel.
I found no information on Popel myself, other than a few marketing websites referencing his Synterium CEO position. I’m flagging this as highly suspicious.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
Synterium Products
Synterium have no retailable products or services, with affiliates only able to market Synterium affiliate membership itself.
Once signed up, Synterium affiliates invest in GectaCoin points to participate in the attached MLM income opportunity.
GectaCoin is billed as a seperate company from Synterium, although it is represented as being owned by Central Marketing Limited.
GectaCoin appears a script-generated cryptocurrency that is not publicly tradeable.
It is assumed that whoever owns Central Marketing Limited retains full control over GectaCoin, including its €0.1 EUR internal value.
The Synterium Compensation Plan
Synterium affiliates invest in GectaCoin points (GCT):
- GM-10K – invest €500 EUR and receive 10,000 GCT points over 12 months
- GM-20K – invest €1000 EUR and receive 20,000 GCT points over 12 months
- GM-40K – invest €2000 EUR and receive 40,000 GCT points over 12 months
The Synterium compensation plan states that 10 GCT = €1 EUR, equating to a
- €1000 EUR 12 month ROI at GM-10K
- €2000 EUR 12 month ROI at GM-20K and/or
- €4000 EUR 12 month ROI at GM-40K
Referral commissions on GCT point investment is paid out at a rate of 5% down three levels of recruitment.
Leadership Income
Synterium pay Leadership Income via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
Commissions on the first three levels of the unilevel team are paid out a straight 5% referral commission (as referenced above).
From levels four onward, a sliding percentage commission of 100 GCT (€10 EUR) per affiliate who is recruited and invests is paid out.
- Silver (recruit at least three affiliates who invest) – 5% (ie. 5 GCT (5% of 100 GCT) per affiliate recruited who invests)
- Gold (personally recruit and maintain at least three Silver affiliates) – 10%
- Amber (personally recruit and maintain at least three Gold affiliates) – 20%
- Onyx (personally recruit and maintain at least three Amber affiliates) – 30%
- Amethyst (personally recruit and maintain at least one Onyx and five Amber affiliates) – 40%
- Opal (personally recruit and maintain at least one Amethyst affiliate, two Onyx and three Amber affiliates) – 45%
- Topaz (personally recruit and maintain at least one Opal affiliate, two Amethyst and three Onyx affiliates) – 55%
- Ruby (personally recruit and maintain at least one Topaz affiliate, two Opal and three Amethyst affiliates) – 65%
- Sapphire (personally recruit and maintain at least one Ruby affiliate, two Topaz and three Opal affiliates) – 70%
- Emerald (personally recruit and maintain at least one Sapphire affiliate, two Ruby and three Topaz affiliates) – 75%
- Diamond (personally recruit and maintain at least one Emerald affiliate, two Sapphire and three Ruby affiliates) – 80%
- White Diamond (personally recruit and maintain at least one Diamond affiliate, two Emerald and three Sapphire affiliates) – 85%
- Black Diamond (personally recruit and maintain at least one White Diamond, two Diamond and three Emerald affiliates) – 90%
- Royal Diamond (personally recruit and maintain at least one Black Diamond affiliate, two White Diamond and three Diamond affiliates) – 95% (ie. 95 GCT (95% of 100 GCT) per affiliate recruited who invests)
To count toward rank qualification, downline affiliates must have at least one current 12 month investment contract.
Career Bonuses
Synterium reward affiliates who qualify at the Silver and higher ranks as follows:
- qualify at Silver and have a total downline of ten or more affiliates and receive a “Powerstation mini universal battery”
- qualify at Gold and have a total downline of fifty or more affiliates and receive a “HDD Porsche design 4TB”
- qualify at Amber and have a total downline of one hundred or more affiliates and receive a “Smart watch by worldwide-famous brands”
- qualify at Amethyst and have a total downline of five hundred or more affiliates and receive an “iPhone X 256”
- qualify at Opal and have a total downline of one thousand or more affiliates and receive a “MacBook pro 15″”
- qualify at Ruby and have a total downline of four thousand or more affiliates and receive an “exclusive watch”
- qualify at Sapphire and have a total downline of ten thousand or more affiliates and receive a “business class car”
- qualify at Emerald and have a total downline of twenty-five thousand or more affiliates and receive an “executive class car”
- qualify at Emerald and have a total downline of forty-thousand or more affiliates and receive “apartments located in EU or on islands”
- qualify at Diamond and have a total downline of sixty thousand or higher and receive a “luxury class car”
- qualify at White Diamond and have a total downline of one hundred thousand or more and receive a “yacht”
As with Leadership Income, for downline affiliates to count toward Career Bonus qualification criteria they must have a current 12 month investment contract.
For Synterium affiliate rank qualification, refer above to “Leadership Income”.
Joining Synerium
Synterium affiliate membership is tied to investment in one of three affiliate packages:
- GM-10K – €500 EUR
- GM-20K – €1000 EUR
- GM-40K – €2000 EUR
The primary difference between the three packages in higher income potential via the Synterium compensation plan.
Conclusion
Synerium presents itself as your typical Ponzi points scheme.
Note that GectaCoin differs from legitimate cryptocurrency, as evidenced by the “guarantee” of increased value;
We have adopted the Guarantee Fund. This “Rise Over Market” technology of GectaCoin will guarantee constant rate increase.
For obvious reasons, this is not how legitimate cryptocurrency works.
Moving on the MLM opportunity, Synterium affiliates sign up and invest in GectaCoin.
GectaCoin is wholly controlled by Synterium, who assign it an internal value of €0.1 EUR.
This reduces GectaCoin to nothing more than a vehicle to pay Synterium affiliates a twelve-month ROI on invested euro through:
- invest €500 EUR and receive a €1000 EUR ROI
- invest €1000 EUR and receive €2000 EUR ROI
- invest €2000 EUR and receive €4000 EUR ROI
The ROI is cashed out through Synterium, whose only verifiable source of revenue is new investment.
Using newly invested funds to pay existing affiliates a twelve-month ROI makes Synterium a Ponzi scheme.
Seeing as it relies on new investment to continue to pay out, Synterium incentivize new investment through recruitment commissions. This adds an additional pyramid layer to the scheme.
As with all Ponzi schemes, once affiliate recruitment slows down so too will new funds entering the system.
This will starve Synterium of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
The murky corporate structure of Synterium suggests that, through lack of disclosure, the scheme has been set up to maximize investor losses when it collapses.
Heh, this one is really fun.
BTW, the site has coming in and out of existence for quite some time 12 or so hours ago -you must be making someone in the CR@PTO-zealot land very angry.
As far as DDOS goes we’re good. This was my host doing emergency maintenance (servers were a bit flaky over the prior week). Their maintenance completely screwed up resource allocation on their end.
It was like they cut available resources by like 70%, and for some reason the site was recording resource usage even when idle, so when it was live averages were way higher than pre-maintenance.
Of course when live we eventually triggered excess usage, because on top of everything else their database server would die and leave processes hanging.
Processes would pile up and down we’d go.
I’d have to go in and fix it up. Only there’s nothing to fix on my end!
Bottom line is we should be good to go from here out. Now I’ve got two days of work to catch up on 🙁
Having compared this review with the official information from their website, I got even more confused by the points highlighted in the article:
1. The author says:
Not a single regular company provides full bio of its owner, why would they?
If you want to purchase goods – learn about the company, not the CEO (this information is accessible in their official website).
(Ozedit: Offtopic derail attempts removed)
2.
What’s your point? They have computing powers, mining possibilities, devices, their own cryptocurrency and marketing calculations – what else is there you need to purchase? (Ozedit: spam removed)
3. Ponzi and pyramid. The author states:
“Synerium presents itself as your typical Ponzi points scheme”, “Note that GectaCoin differs from legitimate cryptocurrency, as evidenced by the “guarantee” of increased value” and finally, “For obvious reasons, this is not how legitimate cryptocurrency works”.
Firstly, you have not supported any of your personal guesses with facts or trustworthy sources, but you are speedy enough to “flag this as highly suspicious”. You’re blackening their reputation basing on what? Your thoughts and ignorance? Very nice…
You also state “Using newly invested funds to pay existing affiliates a twelve-month ROI makes Synterium a Ponzi scheme” but what makes you think you know their payouts scheme? Have you at least read their marketing plan? Any mentioning of the security fund? (not the false quote that you wrote earlier).
Did you even notice that the purpose of the platform is the promotion of different technological projects? And that’s not all, but at least these two points show that your one-sided opinion is wrong.
My conclusion.
You are not even kinda close to the truth about Synterium. This fact is confirmed multiple times during your whole review with no exaggeration, dear author.
(Ozedit: More offtopic derail attempts and spam removed)
Funny how you present yourself as someone doing research who finds Synterium confusing, and then close with a link to your spam blog.
I don’t know what “regular companies” you’re researching but every single legitimate MLM company is open and transparent about company management.
Finding out who runs most non-MLM companies is also usually trivial for what it’s worth.
A legitimate MLM company markets products/servics to retail customers.
An MLM company without a retail offering is by definition a pyramid scheme, a Ponzi scheme or both.
The facts pertaining to Synterium’s GectaCoin Ponzi points offering are self-evident. Which is precisely why you haven’t challenged any of the facts presented in the review or presented evidence to the contrary.
Synterium’s compensation plan as presented to the public has one verifiable source of revenue, new affiliate investment.
What goes in must come out, and using newly invested funds to pay off existing investors makes Synterium a Ponzi scheme.
Marketing bullshit is not a substitute for hard evidence of external ROI revenue.
When you’re running a Ponzi scheme what you attach to it is irrelevant.
So, how much have you invested then? Best of luck with the scamming.