Cycling Shares Review: 125% ROI Ponzi shares
There is no information on the Cycling Shares website indicating who owns or runs the business.
The Cycling Shares website (“cyclingshares.com”) was registered on the 18th of November, however the domain registration is private.
When asked by prospective affiliates for his or her information on social media, here’s what the Cycling Shares admin had to say:
You want to hear real or fake name ?
No admin tells real name, so its better to be silent on it, than telling fake name.
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.
The Cycling Shares Product Line
Cycling Shares has no retailable products or services, with affiliates only able to market affiliate membership to the company itself.
Once an affiliate has joined Cycling Shares, they are then able to purchase “shares” in the compensation plan.
Each $20 Cycling Shares share comes bundled with a series of advertising credits, which can be used to display advertising on the Cycling Shares website.
The Cycling Shares Compensation Plan
The Cycling Shares compensation plan revolves around affiliates purchasing “shares” in the company’s compensation plan.
Each share costs $20, creating a revenue sharing and cycler position within the compensation plan.
The revenue-sharing position earns a percentage of each new share purchased by affiliates.
The cycler position joins a queue, accruing a balance once it makes its way to the top of the queue.
The position at the top of the queue accrues a balance until the cycler position (which includes both the revenue-sharing and cycler positions) accrue a total global balance of $25.
Once this $25 balance is reached, both the cycler position and revenue-sharing position expire, along with the cycler position they are under.
According to the Cycling Shares admin, when an affiliate purchases a new share, funds are distributed to affiliates with open shares as follows:
$10 goes to Cycler
$10 goes to Revshare
Referral commissions are offered on all share investments made by personally recruited affiliates, paying out 10% down one level of recruitment.
Joining Cycling Shares
Affiliate membership to Cycling Shares is free, however affiliates must invest in shares if they wish to withdraw any commissions.
With no retailable products or services and 100% of the revenue paid out to affiliates sourced from affiliates, Cycling Shares functions as a 125% ROI Ponzi scheme.
Affiliates join the company and invest $20 in a share, with that money then paid out to existing affiliates who have already invested.
Investments are made on the expectation of a 125% ROI, which cannot be paid unless new investments are made.
Once those new investments stop, kaboom.