Planet IX, Crowd1’s latest crypto Ponzi scheme “game”
Crowd1’s latest ploy to extract more money from its affiliates is … a crypto mobile app Ponzi scheme.
How very… 2015?
To hear founder Jonas Werner pitch Planet IX though, Crowd1 just invented sliced bread.
Werner fronted a selection of Crowd1 affiliate investors from a stage on April 8th.
There he pitched Planet IX, on the premise of one hundred million people signing up during prelaunch.
Planet IX is a “virtual real-estate game” in which Crowd1 has split up patched of Earth into hexagons (pix).
Crowd1 affiliates invest in pix lots through the Planet IX game app.
What you have to decide when you start is what land do you want?
Of course some of those places will be more expensive an that’s the beauty with this game.
But you have to plan, you have to think, you have to think about the future. Because land that don’t have the biggest value in the beginning, everything can change.
And after a couple of weeks, after a couple of months, it can be the most valuable land.
But it doesn’t matter because all of you have the first chance to be in the game. If you are a leader you have to be fast.
As opposed to actual cryptocurrency, Crowd1 is soliciting investment in bitfix, bitfreeze? Through the thick Swedish accent I didn’t quite catch the name.
Pix appears to be an internal token that is worthless outside of Crowd1.
If you’re wondering how pix values are calculated, Crowd1 arbitrarily decides what they buy and sell for.
The Ponzi element comes into play by way of Crowd1 dictating what a pix position is worth and return, i.e. cashing out, being paid with subsequent investment.
Not to mention the initial injection of funds Crowd1 collects by selling its internal token and having affiliates invest in pix positions, which it created at no cost out of thin air.
Crowd1 is also jumping on the NFT bandwagon, with affiliate investors able to buy and trade “landmarks” within Platform IX.
When you buy an NFT you’re buying digital representation (oN tHe BlOcKcHaIn!) that you own some digital asset (typically an image).
Whether the person selling you the NFT actually owns the digital asset to begin with doesn’t matter… because blockchain.
Apart from being pointless, NFTs also waste a colossal amount of energy when created.
We will change not only this industry, we will change the way you get paid and so on, involving crypto into everything. And we will make everything mobile.
So I know, we will be a billion people very fast because no one have done this before.
You, our friends together with all your leaders, with all your members, will be in the front seat while we change the online world forever.
This will be the most powerful game ever in the history. And as you can see we will involve cryptocurrency, the next wave of doing payments in the world.
Today there are a couple of hundred of millions of people using it and I promise you, I promise you, within a couple of months, within a year from now, it will be a payment that people all around the world will use.
What do you think will happen with our Planet IX if we do it with cryptocurrency?
If we have investment, trading in this game powered by cryptocurrency, I don’t even think I can imagine.
We are the cryptocurrency company.
Starting this month, Crowd1 is letting its top affiliates sign up and invest in Planet IX pix positions. Over time lesser ranked affiliates will be able to sign up.
Once Crowd1 has preloaded Planet IX with existing affiliate investors, the public will be encouraged to sign up and lose money to them.
Crowd1 is already claiming its existing affiliates have invested into 48 million pix positions:
Planet IX is currently scheduled to open to the public in July 2021.
Crowd1’s move to cryptocurrency follows The move to cryptocurrency follows Crowd1 attracting regulatory attention in fifteen jurisdictions.
This is likely to have put immense pressure on the Ponzi scheme being able to maintain regular banking channels.
Alexa currently ranks the top sources of traffic to Crowd1’s website as South Korea (24%), Spain (16%) and Russia (15%).
Totally not copying Decentraland ( circa 2017~ ).
Well, at least they claim to plant real trees as part of the Planet IX scheme. 😉
Still waiting proof that Crowd1 buys real lottery tickets in its Epic1 Lotto platform. Perhaps the trees will remain as mysterious as these lottery tickets.
From the outset, Crowd1 scam seems to have relied heavily on crypto currencies in sales collection and payouts. So I think any problems they may have with regular banking probably would have quite a limited effect on their operations.
Discredit by association is not a thing. NFT’s are a very interesting technology but that has no bearing on whether Crowd1 are operating a ponzi scheme.
You don’t need to discredit a Ponzi scheme, its fraudulent business model does that all by itself.
I brought up the uselessness of NFTs as an aside, it isn’t a determining factor with respect to Crowd1’s legitimacy.
NFTs is Crowd1 trying to cash in on a cash grab trend that has already come and gone.
Anyway haven’t you heard, all the crypto bro dumbasses are investing in SafeMoon now. Literally the same horseshit as NRGY and those fucking stupid “Proof of Weak Hands” etc. sMaRt CoNtRaCt Ponzi schemes from a few years ago.
BUH MUH DEFI!
You say “whether” as if there can be any doubt. You must be new to scam methodology.
Admittedly the shiny buzzwords make it take a second longer to discern.
They are now offering a wallet that victims can load with crypto, credit cards, bank transfers etc. Why anyone would want to do so is a different matter.
I’m guessing that it will be possible to exchange of value for Crowd1 Rewards in this wallet.
Oh, and C1 Rewards can soon be exchanged for shares in a new UK based PLC – that got lots of whoops from the scammers gathered at today’s Dubai event.
Shares, even virtual shares = securities offering. Not that Crowd1 has given a crap about securities fraud since it launched.
Choosing the UK to launch new securities fraud is telling, they are hopeless at regulation.
Mickey Mouse will probably be listed as the Director of the new PLC.
Wrong analysis dear..Go learn more and spit conclusion about it..Little knowledge always dangerous…
Its not Crowd1 providing Planet IX….Its a group of young Engineers project and they looking a great launch platform and they got Crowd1 community and customer base to launch with millions of people..Its their project planning years before.
Its a brilliant brains group behind this big gaming project… Crowd1 is just a platform given to them to introduce their creative project ans we going to play it and earm…As simple as that…
Crowd1 doesnt have any NFT and we not giving to anyone NFT… Its in the gaming project… Ponzi u have to learn what it is first.
Lol, is that the exit-scam narrative being pushed?
Planet IX was literally unveiled at a Crowd1 corporate event.
Sorry for your loss. Anyway haven’t you all moved onto buying illegal shares in that UK shell company, or has that already collapsed too?
It’s July 31st of 2021…. What is the latest on Planet IX???
Still the same Ponzi scheme. And apparently nobody in Crowd1 is getting paid.
Last I heard from Planet IX was that they had no connection with Crowd1 other than that Crowd1 members had conducted some beta testing for them.
Safe to assume they are now all but extinct.
I see PlanetIX dev interviews being used to promote Crowd1 from time to time.
Pretty sure they’re using the same space Crowd1 set up in Dubai/Sweden.
Oz, sorry you are right, there is recent stuff up on youtube. They deleted all tweets from eaRLy July thru early September to remove all reference to Crowd1.
I received an emphatic “no connection to Crowd1 other than beta testing” from a just set up account, hence my comment.
Ah, well they might be trying to distance themselves but it’s too late for that.
Obviously money changed hands on the backend. For all intents and purposes PlanetIX is just another Crowd1 shell company.
Need update to follow up with the latest information.
Followup with latest information: Crowd1 is still a Ponzi scheme.