CyberChain Review: Andreas Kartrud’s Eclipcity Ponzi factory
CyberChain provides no information on its website about who owns or runs the company.
In fact as I write this, CyberChain’s public-facing website is nothing more than a registration form.
CyberChain’s website domain (“cyberchain.cc”) was registered on August 11th, 2020.
“SwissCoin” is registered as the owner, through an incomplete address in Skane, Sweden.
SwissCoin was a Ponzi scheme launched in 2016. With respect to domain registration, Andreas Kartrud (right) has used SwissCoin on the registration of several domains this year.
EtherChain (June) and TronChain (August) are identical smart-contract Ponzi schemes.
TronChain was launched to stave off EtherChain’s inevitable collapse. Given TronChain is barely a month old, one can safely assume CyberChain has been launched to stave off TronChain’s inevitable collapse.
One need only look towards CyberChain marketing efforts to confirm as much;
ID 1 in Cyberchain doesn’t belong to an individual. It belongs to the Eclipcity community and is supporting Etherchain and Trochain [sic].
Read on for a full review of CyberChain’s MLM opportunity.
CyberChain has no retailable products or services, with affiliates only able to market CyberChain affiliate membership itself.
CyberChain’s Compensation Plan
CyberChain affiliates invest 100 tron on the promise of advertised returns.
CyberChain pays returns via a twelve-tier 3×2 matrix cycler.
A 3×2 matrix places a CyberChain affiliate at the top of a matrix, with three positions directly under them:
These three positions form the first level of the matrix. The second level of the matrix is generated by splitting each of these three positions into another three positions each (9 positions).
In total, a 3×2 matrix houses twelve positions.
Positions in the matrix are filled via direct and indirect recruitment of CyberChain affiliates, who each invest 100 tron.
For each position filled in the matrix 50% of the 100 tron buy-in is paid as a commission.
This works out to 600 tron, of which 100 tron is used to generate a new tier 1 cycler position.
This process is referred to as a “cycle”. Each tier 1 cycle pays an effective 500 tron return off an initial 100 tron investment.
CyberChain’s eleven other matrix cycler tiers operate in the same manner.
The only thing that changes from tier to tier is the amount of tron invested:
- Tier 2 – invest 200 TRX and receive 1000 TRX and a new tier 2 cycler position
- Tier 3 – invest 400 TRX and receive 2000 TRX and a new tier 3 cycler position
- Tier 4 – invest 800 TRX and receive 4000 TRX and a new tier 4 cycler position
- Tier 5 – invest 1600 TRX and receive 8000 TRX and a new tier 5 cycler position
- Tier 6 – invest 3200 TRX and receive 16,000 TRX and a new tier 6 cycler position
- Tier 7 – invest 6400 TRX and receive 32,000 TRX and a new tier 7 cycler position
- Tier 8 – invest 19,200 TRX and receive 96,000 TRX and a new tier 8 cycler position
- Tier 9 – invest 57,600 TRX and receive 288,000 TRX and a new tier 9 cycler position
- Tier 10 – invest 172,800 TRX and receive 864,000 TRX and a new tier 10 cycler position
- Tier 11 – invest 518,400 TRX and receive 2,592,000 TRX and a new tier 11 cycler position
- Tier 12 – invest 1,555,200 TRX and receive 7,776,000 TRX and a new tier 12 cycler position
CyberChain affiliate membership is tied to an initial 100 TRX cycler position investment.
Full participation in CyberChain’s income opportunity costs 2,335,900 TRX.
On September 18th Andreas Kartrud uploaded a video to one of his YouTube channels titled, “Eclipcity introduction”.
In the video Kartrud reveals he has left Sweden for Montenegro.
He also reveals the “Eclipcity Platform”, a “blockchain platform aggregator”.
That’s crypto scamspeak for “Ponzi factory”. EtherChain was Kartrud’s first smart-contract Ponzi. TronChain feeds into EtherChain and CyberChain feeds into EtherChain.
To the extent there’s any overlap, who knows. Kartrud is simply using funds from newly launched Ponzi schemes to put off the inevitable.
We’re now up to three, and they’re having to be launched in quicker succession. This is typical of reload scams.
If this keeps up, I imagine we’ll be seeing fourth and fifth Eclipcity Ponzi launches by the end of next month. Depending on how shameless Kartrud wants to be, maybe more.
Back in the day you had serial-scammers milking PHP matrix cycler scripts. These days it’s smart-contract matrix cycler scripts.
The end result however remains the same; Those at the bottom of EtherChain, TronChain and CyberChain will lose money.
Math guarantees this will be the majority of participants.
Update 8th January 2021 – In the wake of TronChain collapsing, Andreas Kartrud has deleted the September 18th YouTube video referenced in this article.
Do you suggest Andreas flew to Montenegro? Wouldn’t surprise me. Instead of saying „sorry, the community fund has drained“, he is launching new businesses to feed his old businesses.
He should have sticked to his „it’s a community project“ philosophy.
I was tempted to write Kartrud had fled Sweden but we don’t know if there’s any pending regulatory action there.
He has finally closed Etherchain, locked the associated Telegram group, made away with over 5 Million USD remaining in the contract, balance is now zero.
Kartrud is a shameless scammer. Stay away from his project!
So Montenegro was a flight then.
Another one promoted by Shohan Bowala.
He is like best friends with Kartrud and with his scamming abilities, I mean programming abilities he might be one of the creators. He is heavily involved in ALL of Kartrud’s scams.
How much longer until this one bites the dust? Let’s see what the excuse will be, so far Kartrud has pulled:
Etherchain – high ETH gas fees
Tronchain – loopholes in the contract