Cryptoix Review: 200% a day crypto Ponzi
Cryptoix provides no information on its website about who owns or runs the company.
Cryptoix’s website domain (“cryptoix.org”) was first registered in April 2019. The domain registration was last updated privately on April 4th, 2020.
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.
Cryptoix has no retailable products or services, with affiliates only able to market Cryptoix affiliate membership itself.
Cryptoix’s Compensation Plan
Cryptoix affiliates invest $100 to $100,000 on the promise of daily returns of up to 200%.
EARN 120% – 140% – 200% DAILY
Returns as advertised as purportedly paid out for seven days.
Cryptoix primarily focuses on cryptocurrency but does accept fiat through Perfect Money and Payeer.
Cryptoix pays referral commissions via a unilevel compensation structure.
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.
Cryptoix caps payable unilevel team levels at four.
Referral commissions are paid out as a percentage of funds invested across these four levels as follows:
- level 1 (personally recruited affiliates) – 9%
- level 2 – 3%
- level 3 – 2%
- level 4 – 1%
Cryptoix affiliate membership is free.
Full participation in the attached income opportunity however requires a minimum $100 investment.
Cryptoix represents it generates external ROI revenue via bitcoin mining.
No evidence of Cryptoix engaging in bitcoin mining is provided. Nor is there any evidence of Cryptoix having using any other external source of revenue to pay returns.
Furthermore Cryptoix’s business model fails the Ponzi logic test.
If Cryptoix’s anonymous owner was able to legitimately generate a 200% daily return, what do they need your money for?
The only verifiable source of revenue entering Cryptoix is new investment. Using new investment to pay existing affiliates a daily return makes Cryptoix a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dies down so too will new investment.
This will starve Cryptoix of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.