Congent Trading Review: 3% a day BTC/ETH Ponzi scheme
Congent Trading provides no credible ownership or executive information on its website.
Supposedly Congent Trading is headed up by CEO “Kelvin Hilles”.
Hilles’ Congent Trading corporate bio is a patchwork of stolen sentences;
As above, Hilles is represented by what is assumed to be a random photo stolen from somewhere.
Congent Trading’s website domain (“congenttrading.com”), was privately registered on June 30th, 2021.
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.
Congent Trading’s Products
Congent Trading has no retailable products or services.
Affiliates are only able to market Congent Trading affiliate membership itself.
Congent Trading’s Compensation Plan
Congent Trading affiliates invest bitcoin and/or ethereum. Specified minimum investment amounts are 0.00100036 BTC or 0.21220267 ETH.
Cryptocurrency is invested into Congent Trading on the promise of a 2% or 3% daily ROI.
Whether those are fixed daily ROI rates or a range isn’t specified. Also not specified is a ROI cap, suggesting daily returns are paid out perpetually.
The MLM side of Congent Trading pays on cryptocurrency invested by recruited affiliates (unilevel):
- level 1 (personally recruited affiliates) – 5%
- level 2 – 10%
- level 3 – 15%
Joining Congent Trading
Congent Trading affiliate membership is free.
Full participation in the attached income opportunity requires an investment in bitcoin or litecoin.
Congent Trading Conclusion
Congent Trading markets itself as “the simplest way to invest in crypto”.
This might be true but, by way of Congent Trading being a Ponzi scheme, it’s also one of the easiest ways to lose crypto too.
Reflective of the low-effort made-up CEO they came up with, Congent Trading don’t bother to provide a backstory for generated returns.
Instead there’s a bunch of vague statements about crypto finance, eluding to Congent Trading being engaged in trading.
Fake CEO, crypto trading use – this is your stock standard MLM crypto Ponzi.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve Congent Trading of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.