Crypto 888 Club collapses for fourth time, reboots as Nano Crowd
Since BehindMLM published an article covering Nano Club’s launch just over a year ago, investors have been desperate to convince us that the third reboot of Crypto 888 Club would succeed.
To date the article has garnered over 750 comments, mostly back and forth between the “this time…” and “history will repeat itself…” crowds.
Turns out history won, with Nano Club officially collapsing sometime over the past week.
Nano Club launched as a reboot of Octa Partners, which itself was a reboot of Crypto 888 Club.
The modus operandi of the scammers behind Crypto 888 Club has been to launch a worthless altcoin, promote them as Ponzi points and then when the inevitable collapse hits, reboot with a new worthless altcoin.
So far we’ve had OctaCoin, NanoCoin and now with the fourth reboot, Ormeus Coin.
A visit to the Nano Club website today reveals a logo change to “Nano Crowd”. Other than a login form though, no other information is provided.
On November 16th information surfaced confirming Nano Club’s collapse.
According to a webinar held last week, future Nano Club earnings will be paid in coins.
NanoCoin balances will be converted to Ormeus Coin at a ratio of 10:1 (10%). Ormeus Coins generated by Nano Coin conversion will additionally be locked for a year (inaccessible).
Ormeus Coin is a yet to be launched cryptocurrency attached to Ormeus Global.
Ormeus Global went into prelaunch around June and offers affiliates a 160% passive ROI.
Despite claiming to legitimately derive ROI revenue from robo-trading, Ormeus Global advise their MLM opportunity “not available in the United States”.
This appears to be pseudo-compliance nonsense, with Alexa estimating the US is currently the largest source of traffic to the Ormeus Global website (40%).
Neither Ormeus Global or Nano Crowd are registered with the SEC, meaning the companies are offering unregistered securities to US residents.
Worse still, when coupled with a lack of evidence supporting robo-trading funding affiliate ROI payouts, it’s highly likely Ormeus Global are operating as a Ponzi scheme.
Ormeus Coin meanwhile appears to be yet another worthless MLM altcoin that serves no purpose.
Launched in early October, Ormeus Coin is currently in the “pump” stage and trading between Ormeus Global affiliates at $4.28.
Once the initial launch and mandatory merging of Nano Club affiliates into Ormeus Global is over (dumping premined coins onto affiliates creates the illusion of trading activity), like Nano Coin the public value of Ormeus Coin will plummet.
The partnership with Nano Club suggests Nano Club’s owner(s) might have sold the affiliate-base to Ormeus Global, however confirmation has yet to surface.
What we do no is that without any legitimate use, Ormeus Coin will eventually flop just as Nano Coin and Octa Coin before it did.
It’s the third generation of an altcoin Ponzi, now bogged down with even more desperate investors than ever.
Considering the set up of Ormeus Global is just as shady as that of Nano Club, history will no doubt repeat itself again.
Unfortunately for Nano Coin affiliates, they have neither a say or choice in the matter.
While I sympathize with Nano Club investors who are only now realizing they’ve been scammed, here’s hoping we don’t have to endure another 750+ comments from affiliates still in denial.
Update 4th July 2024 – Spanish authorities have arrested an unnamed suspect Belgian authorities claim is the ringleader behind Crypto 888 Club and Nano Club.
Have some friends in the shit, don`t feel sorry for them anymore…
to admin.
your article needs to be adjusted. nano affiliates only receive 10% of their nano coins and nano gold coins in ormeus. rest just stays in those 2 other shitcoins.
so if a nano affiliate has 10.000 nano coin he will get 10% or 1000 ormeus coins.
I’ve updated the review to article to reflect the 10% balance conversion.
Naga ICO is where now also most of the Octa/Nano scammers are in and promoting heavily.
@Scambuster789
Naga is not an MLM as far as I can see.
Hi everyone, what happened to all the investments in gas-, virtual- and resort projects?
Are the investors/ punters stripped of their investment for good?
Did you get a reply to this??? I still have no idea yet am getting daily emails from Ormeus??? Any information would be helpful and appreciated.
It was all smoke and mirrors. You got scammed in a Ponzi scheme that has been rebooting itself over and over again for years.
Yeah True.
I have the ORME coin as a nano investor. I only follow the ORME news But do not actively participate.
Recent news and event in Bangkok reveiled there is going to be ormeus cash and greenX coin aswell.
And they shut down the mining and trading and name changed to iqchain.
There explanation is they had to fully derecha from the network system to get accepted on the major trading platforms like bittrex, bitfinex, poloniex.
So Lets Just sit back, relax and see what future brings
The idea of a coin backed by mining activities sounds Nice But only if it really is done.
Will see what future brings. As nano investor my ORME are locked for 12 months anyway :p
…..well we are 1 year further now. A couple of days ago the ORME I received for my investment in nano was released and now pending for withdrawal. All I have left from my investment are a lousy 1829 ORME which are worth 0.06$/ORME at this moment.
so this means as a passive investor I will receive about 110$ value in ORME for the investment I made in nano several years ago.
Just a laugh.