Crypto Pros Review 2.0: Matrix pyramid scheme goes two-tier
Crypto Pros’ original business model, reviewed here on BehindMLM in November 2018, has at some point collapsed.
This appears to have prompted owner Frank Hester to launch a new Crypto Pros compensation plan.
Not really sure when that happened, but today we revisit Crypto Pros for an updated review.
Crypto Pros’ Products
Crypto Pros has no retailable products or services, with affiliates only able to market Crypto Pros affiliate membership itself.
Adcredits are still bundled with Crypto Pros affiliate matrix position purchases.
Crypto Pros’ Compensation Plan
Crypto Pros affiliates still purchase positions in a 2×20 matrix, only now there’s two of them.
Crypto Pros differentiates its twin matrices by designating them Bronze and Platinum.
A 2×20 matrix places an affiliate at the top of a matrix, with two positions directly under them:
These two positions form the first level of the matrix. The second level of the matrix is generated by splitting these first two positions into another two positions each (4 positions).
Levels three to twenty of the matrix are generated in the same manner, with each new level housing twice as many positions as the previous level.
Commissions are paid when positions in the matrix are filled.
Positions are filled via position purchases by subsequently recruited Crypto Pros affiliates.
Structurally, both the Bronze and Platinum Matrix fill in the same manner.
As with Crypto Pros’ original compensation plan, 25% of all earned commissions must be put towards new position purchases.
A Bronze Matrix position costs $2 and pays 4.5 cents per position filled in the matrix.
A 100% matching bonus is also paid out on Bronze Matrix commissions paid to personally recruited affiliates.
A Platinum Matrix position costs $50 and then $25 a month.
Commissions paid as Platinum Matrix positions are filled are as follows:
- level 1 – $2.50 per position filled
- level 2 – $5 per position filled
- levels 3 and 4 – $2 per position filled
- levels 5 and 6 – $1.50 per position filled
- levels 7 to 10 – $1.25 per position filled
- level 11 – $1 per position filled
- level 12 – 90 cents per position filled
- level 13 – 80 cents per position filled
- level 14 – 70 cents per position filled
- level 15 – 60 cents per position filled
- level 16 – 50 cents per position filled
- level 17 – 40 cents per position filled
- level 18 – 30 cents per position filled
- level 19 – 20 cents per position filled
- level 20 – 10 cents per position filled
A $25 commission is also paid out whenever a personally recruited affiliate purchases a Platinum Matrix position.
Note that if the $25 a month fee is not maintained, Platinum Matrix commissions drop to 50%.
Joining Crypto Pros
Crypto Pros affiliate membership is free.
Participation in the attached MLM opportunity however requires a Bronze Matrix ($2) and/or Platinum Matrix ($50 and then $25 a month) position purchase.
Although the dollar amounts might have changed, Crypto Pros maintains its original pyramid scheme model.
You sign up as a Crypto Pros affiliate, pay a fee and get paid when others recruited do the same.
The inevitable collapse hits when recruitment of new Crypto Pros affiliates stalls.
Members understand that there are no refunds.
The math behind MLM pyramid schemes guarantees that when they collapse, the majority of participants lose money.
I’ve been with Crypto Pros for about a week now. I was attracted to it because of it’s advertising platform.
I disagree with your review that it has no retail products or services. The text and banner ads are performing well for me and I am exchanging money for ad packs.
While the business opportunity is there, the text and banner advertising can be sold as a service without the buyer ever focusing in any way on the business side.
Adding adcredits to a scam doesn’t make it any less of a scam – https://behindmlm.com/mlm/regulation/sec-reaffirms-adcredit-opportunities-are-illegal-ponzi-schemes/
If Crypto Pros’ advertising wasn’t scam fodder there’d be no need to bundle it to a pyramid scheme.
No retail customers = no retail products or services. This is within the MLM opportunity, what Crypto Pros do or don’t do outside of that is irrelevant.