Chrysos Coin Review: CHR points ICO lending Ponzi
Chrysos Coin provide no information on their website about who owns or runs the business.
The Chrysos Coin website domain (“chrysoscoin.com”) was privately registered on December 14th, 2017.
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.
Chrysos Coin Products
Chrysos Coin has no retailable products or services, with affiliates only able to market Chrysos Coin affiliate membership itself.
The Chrysos Coin Compensation Plan
Chrysos Coin affiliates invest funds in CHR points, which the owners sell for 50 cents to $1.85 each.
Acquired CHR points are then “lent” back to Chrysos Coin, on the promise of an advertised 1.5% daily ROI:
- invest $100 to $999 and receive a 1.5% daily ROI for 210 days
- invest $1000 to $4999 and receive a 1.5% daily ROI plus 0.15% daily bonus for 180 days
- invest $5000 to $9999 and receive a 1.5% daily ROI plus 0.2% daily bonus for 120 days
- invest $10,000 to $99,999 and receive a 1.5% daily ROI plus 0.25% daily bonus for 90 days
- invest $100,000 or more and receive a 1.5% daily ROI plus 0.35% daily bonus for 60 days
Chrysos Coin pay referral commissions on both initial investments and ROI payments.
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.
Initial investment referral commissions
Chrysos Coin cap initial investment referral commissions at two levels:
- level 1 (personally recruited affiliates) – 15%
- level 2 – 5%
Chrysos Coin cap lending referral commissions at three levels:
- level 1 (personally recruited affiliates) – 7%
- level 2 – 3%
- level 3 – 1%
ROI commissions are paid monthly.
Joining Chrysos Coin
Chrysos Coin affiliate membership is free, however free affiliates can only earn referral commissions.
Full participation in the Chrysos Coin income opportunity requires a minimum $100 investment.
Chrysos Coin presents itself as yet another MLM ICO lending Ponzi scheme.
Chrysos Coin affiliates invest in CHR points on the promise of a daily ROI, paid with subsequently invested funds.
The lending model sees Chrysos Coin’s anonymous owner(s) accept real money for generated CHR points. These points cost the owner(s) next to nothing to generate.
Chrysos Coin affiliates are told their CHR points will be worth at least $14 when they publicly launch an altcoin.
After ICO ends CHRYSOS coin will listed on exchanges and opening price will be $14 and it will increase day by day because of demand and limited supply.
Whereas the value of legitimate altcoins are driven by public demand, the reality of ICO lending Ponzis is there is no demand outside of the scheme itself.
Once Chrysos Coin affiliate recruitment slows down, interest in the coin fades and the value approaches $0.
Getting back to the MLM opportunity, standard ICO lending Ponzi rules apply:
Chrysos Coin’s owners will continue to pay a daily ROI until they reach a preset reserve funds threshold.
Once that’s triggered they do a runner with what’s left, leaving Chrysos Coin’s affiliates with yet another worthless pumped and dumped altcoin.