EcoLine Review: “Energy-saving” themed MLM crypto Ponzi
EcoLine fails to provide ownership or executive information on its website.
EcoLine’s website domain (“ecoline.ltd”), was first registered in January 2021. The private registration was last updated on December 23rd, 2022.
This appears to be when EcoLine’s owners took possession of the domain, with EcoLine’s current website going live on or around February 2023.
In an attempt to appear legitimate, EcoLine provides UK incorporation details for Ecoline-LTD Group Limited on its website.
An MLM company operating or claiming to operate out of the UK is a red flag.
UK incorporation is dirt cheap and effectively unregulated. On top of that the FCA, the UK’s top financial regulator, do not actively regulate MLM related securities fraud.
As a result the UK is a favored jurisdiction for scammers looking to incorporate, operate and promote fraudulent companies.
For the purpose of MLM due-diligence, incorporation in the UK or registration with the FCA is meaningless.
EcoLine’s official presentation is titled in Kazakh:
This suggests someone from and/or with ties to Kazakhstan is behind the company.
Other possibilities where Kazakh is commonly spoken include China’s Xinjiang Uyghur Autonomous Region, Mongolia, Tajikistan, Turkmenistan, Uzbekistan, and Afghanistan.
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.
EcoLine’s Products
EcoLine has no retailable products or services.
Affiliates are only able to market EcoLine affiliate membership itself.
EcoLine’s Compensation Plan
EcoLine affiliates invest USD equivalents of cryptocurrency. This is done on the promise of advertised returns.
EcoLine investment plans are grouped according to length of the contract.
Short-term investment plans
- Test – invest $200 to $1000 and receive 0.8% a day for 20 days
- Basic – invest $1001 to $2500 and receive 1.1% a day for 35 days
- Advanced – invest $2501 to $25,000 and receive 1.4% a day for 45 days
- Royal – invest $25,001 to $50,000 and receive 1.6% a day for 55 days
- Luxury – invest $50,001 to $100,000 and receive 1.9% a day for 65 days
- Energy – invest $100,000 to $1,000,000 and receive 2.1% a day for 75 days
Medium-term investment plans
- Lite – invest $200 to $1000 and receive 2% a day for 120 days
- Eco – invest $15,000 to $50,000 and receive 2.4% a day for 150 days
- VIP – invest $100,000 to $1,000,000 and receive 2.9% a day for 170 days
Long-term investment plans
- Standard – invest $501 to $5000 and receive 1.13% a day for 365 days
- Solid – invest $1001 to $2500 and receive 1.29% a day for 365 days
- Elite – invest $5001 to $25,000 and receive 1.55% a day for 365 days
- Grand – invest $25,001 to $50,000 and receive 1.78% a day for 365 days
- Premium – invest $50,001 to $100,000 and receive 2.15% a day for 365 days
- Ultra – invest $250,000 to $1,000,000 and receive 2.2% a day for 365 days
The MLM side of EcoLine pays on recruitment of affiliate investors.
EcoLine Affiliate Ranks
There are nine affiliate ranks within EcoLine’s compensation plan
- Consultant – generate $200 in personally recruited affiliate investment
- Partner – generate $1000 in personally recruited affiliate investment and $25,000 in total downline investment
- Manager – generate $2500 in personally recruited affiliate investment and $50,000 in total downline investment
- Agent – generate $7000 in personally recruited affiliate investment and $125,000 in total downline investment
- Leader – generate $10,000 in personally recruited affiliate investment and $250,000 in total downline investment
- Director – generate $15,000 in personally recruited affiliate investment and $500,000 in total downline investment
- Expert – generate $25,000 in personally recruited affiliate investment and $1,000,000 in total downline investment
- Professional – generate $50,000 in personally recruited affiliate investment and $2,500,000 in total downline investment
- Shareholders – generate $100,000 in personally recruited affiliate investment and $5,000,000 in total downline investment
Note that for total downline investment requirements, EcoLine cheats affiliates out of required amounts:
- 100% of first level investment is counted
- only 50% of second level investment is counted
- only 25% of third level investment is counted
- only 10% of fourth level investment is counted
- only 7% of fifth and deeper level investment is counted
“Levels” refer to a unilevel team, through which downline investment is tracked:
Referral Commissions
EcoLine pays a commission on cryptocurrency invested by recruited affiliates via a unilevel compensation structure.
This is the same unilevel team used to calculate EcoLine affiliate ranks (see above).
- Consultants earn 6% on level 1 (personally recruited affiliates), 3% on level 2 and 1% on levels 3 and 4
- Partners earn 7% on level 1, 3% on level 2 and 1% on levels 3 to 6
- Managers earn 8% on level 1, 3% on level 2, 2% on level 3 and 1% on levels 4 to 8
- Agents earn 9% on level 1, 4% on level 2, 2% on levels 3 and 4, 1% on levels 5 to 7 and 0.5% on levels 8 and 9
- Leaders earn 9% on level 1, 4% on level 2, 3% on level 3, 2% on level 4, 1% on levels 5 to 9 and 0.5% on levels 10 and 11
- Directors earn 10% on level 1, 5% on level 2, 3% on level 3, 2% on level 4, 1% on levels 5 to 11 and 0.5% on levels 12 and deeper
- Experts earn 11% on level 1, 6% on level 2, 4% on level 3, 3% on level 4, 1% on levels 5 to 12 and 0.5% on levels 13 and deeper
- Professionals earn 11% on level 1, 7% on level 2, 5% on level 3, 3% on level 4, 1% on levels 5 to 14 and 0.5% on levels 15 and deeper
- Shareholders earn 12% on level 1, 8% on level 2, 6% on level 3, 4% on level 4, 3% on level 5, 2% on level 6, 1% on levels 7 to 11 and 0.5% on levels 12 and deeper
Rank Achievement Bonus
EcoLine pays a one-time Rank Achievement Bonus when affiliates qualify at Partner and higher:
- qualify at Partner and receive $1500
- qualify at Manager and receive $3000
- qualify at Agent and receive $7500
- qualify at Leader and receive $15,000
- qualify at Director and receive $25,000
- qualify at Expert and receive $30,000
- qualify at Professional and receive $75,000
- qualify at Shareholder and receive $150,000
Joining EcoLine
EcoLine affiliate membership is free.
Full participation in the attached income opportunity requires a minimum $200 investment.
EcoLine solicits investment in various cryptocurrencies.
Conclusion
EcoLine doesn’t provide a definitive ruse for ROI revenue generation.
Instead the company creates a fictional broad narrative around energy saving;
Ecoline was one of the first in the world to develop carbon absorption technology with economically interesting energy consumption.
Ecoline is a company that creates and manufactures real-world systems and high-tech equipment. We are a profitable company and generate profit for our investors at the expense of our own business.
Investors provide us with money for expansion and development, we pay them a generous reward for that.
The reality is EcoLine has nothing to do with energy or the environment. It’s a simple MLM crypto Ponzi scheme.
Had EcoLine been a legitimate investment opportunity, they’d be registered with financial regulators and able to provide audited financial reports.
Said financial reports would detail exactly how the company makes money, and generates returns of up to 2.9% a day for investors.
In the absence of said financial reports, the only verifiable source of revenue entering EcoLine is new investment.
Using new investment to pay affiliates daily returns makes EcoLine a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve EcoLine of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
EcoLine solicits investment in *c*arious cryptocurrencies.
Sounds carious.
TIL: “carious” is a word. Thx.
Learn something new everyday!
In the UK, most companies are founded with 1 GBP. I am surprised when I read:
share-your-photo.com/1d0ec8c7fa
find-and-update.company-information.service.gov.uk/company/14728767/filing-history
Director James Kirk does not appear to be a poor man….
Also in the UK: You can put any amount down and Companies House will accept it.
The small sum of GBP 1,000,000,000 was earned in just 14 days!
Screenshot from February 28, 2023:
share-your-photo.com/3690d68450
web.archive.org/web/20230228202656/http://ecoline.ltd/
Screenshot from March 14, 2023:
share-your-photo.com/3984dbd7ab
web.archive.org/web/20230314144357/https://ecoline.ltd/
The registered address is Golden Cross House, 8 Duncannon Street, London, England, WC2N 4JF
This is a Regus Business Centre.
I am a victim of the project. I started this since sep. 2023 for a month.
When I realize this is ponzi, they dumped me in the group chat and didn’t replay not only by mail but also group chat.