Crypto Enthusiasts fails to provide verifiable ownership or executive information on its website.

Crypto Enthusiasts’ website domain (“itenthusiasts.com”), was first registered in September 2018. The private registration was last updated on May 31st, 2024.

The Wayback Machine suggests Crypto Enthusiasts website went sometime around early June 2024.

Despite only existing for a few months, on its website Crypto Enthusiasts falsely claims it, as Cryptophiliac LLC, was “founded in 2018”.

Cryptophiliac LLC appears to be a Florida company registered in 2018. Predating Crypto Enthusiasts by six years, it obviously has nothing to do with the company.

Nevertheless, Crypto Enthusiasts again falsely cites Cryptophiliac LLC’s registered agent as its own CEO.

Driven by a shared vision to democratize blockchain technologies, Giletti, John have [sic] assembled a team of like-minded people committed to pushing the boundaries of innovation.

Grammatical errors on Crypto Enthusiasts’ website suggest the company is run by a non-native English speaker.

In Crypto Enthusiasts website source-code, we find a reference to “marmining.com”:

We also find Chinese:

Mar Mining is an MLM crypto Ponzi pitching up to $10,000 a day on $500,000 investments.

It seems Chinese scammers flogging a script backend across multiple Ponzi schemes are behind Crypto Enthusiasts.

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.

Crypto Enthusiasts’ Products

Crypto Enthusiasts has no retailable products or services.

Affiliates are only able to market Crypto Enthusiasts affiliate membership itself.

Crypto Enthusiasts’ Compensation Plan

Crypto Enthusiasts invest tether (USDT). This is done on the promise of advertised passive returns:

  • Free Trial – invest 100 USDT and receive 0.5 USDT over 24 hours
  • Ethereum Liquidity Staking – invest 120 USDT and receive 1.8 USDT daily for 2 days
  • Toncoin Liquidity Staking – invest 300 USDT and receive 3.54 USDT daily for 3 days
  • VeChain Liquidity Staking – invest 500 USDT and receive 6 USDT daily for 3 days
  • Cosmos Liquidity Staking – invest 1200 USDT and receive 15 USDT daily for 7 days
  • Hedera Liquidity Staking – invest 3000 USDT and receive 39 USDT daily for 7 days
  • Solana Staking Plan – invest 3000 USDT and receive 42 USDT daily for 3 days
  • NEAR Protocol Liquidity Staking – invest 6000 USDT and receive 81 USDT daily for 14 days
  • Cardano Liquidity Staking – invest 10,000 USDT and receive 140 USDT daily for 15 days
  • BNB Staking Plan – invest 10,000 USDT and receive 150 USDT daily for 7 days
  • Polygon Liquidity Staking – invest 20,000 USDT and receive 290 USDT daily for 15 days
  • TRON Liquidity Staking – invest 35,000 USDT and receive 525 USDT daily for 20 days
  • Avalanche Liquidity Staking – invest 78,000 USDT and receive 1404 USDT daily for 30 days

The MLM side of Crypto Enthusiasts pays on recruitment of affiliate investors.

Referral Commissions

Crypto Enthusiasts pays referral commissions on invested USDT down two levels of recruitment (unilevel):

  • level 1 (personally recruited affiliates) – 3%
  • level 2 – 1.5%

Recruitment Bonuses

Crypto Enthusiasts rewards affiliates who recruit with the following bonuses:

  • recruit and maintain ten active affiliate investors and receive 500 USDT a month
  • recruit and maintain thirty active affiliate investors and receive 1500 USDT a month
  • recruit and maintain fifty active affiliate investors and receive 5000 USDT a month
  • recruit and maintain one hundred active affiliate investors and receive 10,000 USDT a month
  • recruit and maintain two hundred active affiliate investors and receive 20,000 USDT a month

Joining Crypto Enthusiasts

Crypto Enthusiasts affiliate membership is free.

Full participation in the attached income opportunity requires a minimum 100 USDT investment.

Crypto Enthusiasts Conclusion

Despite only existing for a few months, Crypto Enthusiasts claims it’s “the world’s leading cryptocurrency staking platform.”

Putting aside the obvious lie, “staking” is crypto jargon for “Ponzi scheme”.

The premise of “staking” is cryptocurrency in invested on the promise of a passive return. Said return is typically paid in the token invested, generated out of thin air or recycled from new investment.

If its a shit token generated out of thin air, the aim is to cash out the shit token for subsequently invested actual money. This is a Ponzi scheme.

If actual money is paid out, this is a simpler Ponzi scheme.

Crypto Enthusiasts is the latter. Although it’s investment tiers are named after various cryptocurrencies, Crypto Enthusiasts is a simple “tether in, tether out” Ponzi scheme.

As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.

This will starve Crypto Enthusiasts of ROI revenue, eventually prompting a collapse.

The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.