Elcore Invest Review: 365 day cryptocurrency trading ROI
Elcore Invest name Adam Klyaynkhaysler as “head” of the company.
No additional information on Klyaynkhaysler is provided, with his MLM history unclear.
It’s worth pointing out the name “Adam Klyaynkhaysler” appears only on the Elcore Invest website, which is highly suspicious.
The Elcore Invest website domain (“elcore-invest.com”) was privately registered on June 9th, 2017.
On its website, Elcore Invest claims to be registered in the Cayman Islands with a head office in Budapest, Hungary.
Although Elcore Invest claim the company and Adam Klyaynkhaysler are based out of Hungary, Alexa cite Russia as the largest source of traffic to the Elcore Invest website (47%).
Given the lack of information about Klyaynkhaysler provided, it’s highly likely that whoever is actually running Elcore Invest is based out of Russia.
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.
Elcore Invest Products
Elcore Invest has no retailable products or services, with affiliates only able to market Elcore Invest affiliate membership itself.
The Elcore Invest Compensation Plan
Elcore Invest affiliates invest $30 to $10,000 on the promise of a daily 1% ROI.
Elcore Invest pay the daily ROI for 365 days through Monday to Friday.
Referral commissions are available on funds invested by downline affiliates, paid out 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.
Elcore Invest pay referral commissions down a maximum five levels of recruitment, based on how much an affiliate has invested:
- invest $199 or less and receive an 8% referral commission on level 1 (personally recruited affiliates)
- invest $200 to $399 and receive a 9% referral commission on level 1 and 2% on level 2
- invest $400 to $799 and receive a 9% referral commission level 1, 3% on level 2 and 1% on level 3
- invest $800 to $999 and receive a 10% referral commission on level 1, 3% on level 2, 2% on level 3 and 2% on level 4
- invest $1000 or more and receive a 10% referral commission on level 1, 4% on level 2, 3% on level 3, 2% on level 4 and 1% on level 5
Joining Elcore Invest
Elcore Invest affiliate membership is free, however affiliates must invest at least $30 to fully participate in the attached MLM opportunity.
Elcore Invest claim their ROI revenue is ‘formed thanks to active trade in cryptocurrency‘.
The company however provides no proof of any cryptocurrency trading taking place.
This leaves affiliate investment the only verifiable source of ROI revenue, the use of which to pay a daily ROI makes Elcore Invest a Ponzi scheme.
At 1% a day invested funds are exhausted between 15-20 weeks, depending on the referral commission rate paid out.
After this period unless affiliate recruitment is maintained, Elcore Invest will not be able to meet its ROI obligations.
Recruitment dying down in a Ponzi scheme is inevitable, after which it collapses.
Elcore Invest will be no different, with the majority of affiliates ultimately not being able to withdraw more than they’ve invested.