FinTokenAssets Review: “Trading tools” MLM crypto Ponzi
FinTokenAssets fails to provide ownership or executive information on its website.
FinTokenAssets’ website domain (“fintokenasset.com”), was privately registered on May 5th, 2023.
Despite existing for less than a month, FinTokenAssets falsely represents it has been around for five years.
How Long Is Your Company On The Market?
Fintokenasset.com has been trading in cryptocurrency for 5 years.
FintokenAssets has an official private Facebook group. It has three admins; Artemas Demchenko, Krisjkov Williams and Alejandro Elias Caleb.
Based on the content posted to their respective personal profiles, all three accounts appear to be hacked and/or purchased.
In an attempt to appear legitimate, FinTokenAssets provides incorporation details for Fintoken Assets Management LTD on its website.
Fintoken Assets Management was incorporated in the UK on June 8th, 2022.
Notwithstanding this precedes Fintoken Assets Management existing by eleven months, 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.
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.
FinTokenAssets’ Products
FintokenAssets has no retailable products or services.
Affiliates are only able to market FinTokenAssets affiliate membership itself.
FintokenAssets’ Compensation Plan
FinTokenAssets affiliates invest funds on the promise of advertised passive returns.
- Plan 1 – invest $200 to $19,999 and receive 7% a week for 6 weeks
- Plan 2 – invest $20,000 to $100,000 and receive 10% a week for 4 weeks
- Rudiment 1 – invest $15,000 to $49,999 and receive 1% a day for 30 days
- Rudiment 2 – invest $50,000 to $150,000 and receive 2% a day for 20 days
- Bulk Plan 1 – invest $100,000 or more and receive 20% a month for 3 months
- Annual Plan – invest $150,000 or more and receive 300% annually
FintokenAssets 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.
FinTokenAssets caps payable unilevel team levels at ten.
Referral commissions are paid as a percentage of funds invested across these ten levels as follows:
- level 1 (personally recruited affiliates) – 7%
- level 2 – 2%
- level 3 – 1%
- level 4 – 0.5%
- levels 5 to 10 – 0.1%
If a FinTokenAssets affiliate qualifies as a “Representative”, they earn increased referral commission rates:
- level 1 – 12%
- level 2 – 3%
- level 3 – 2%
- levels 4 – 1%
- levels 5 to 10 – 0.1%
Note that FinTokenAssets do not provide Representative qualification criteria on their website.
How Do I Become A Representative Of Your Company?
You need to fill in the form and send an application.
Joining FinTokenAssets
FinTokenAssets affiliate membership is free.
Full participation in the attached income opportunity requires a minimum $200 investment.
FinTokenAssets solicits investment in USD through Perfect Money, as well as through various cryptocurrencies.
FinTokenAssets Conclusion
FinTokenAssets represents it generates external revenue via trading.
Fintokenasset.com guarantees increase in your income by applying various up-to-date trading tools.
No evidence of FinTokenAssets being engaged in trading is provided. Nor is there any evidence of any other source of external revenue generation.
Quite obviously, FinTokenAssets’ passive investment opportunity constitutes a securities offering. This requires FinTokenAssets to register itself with financial regulators.
FinTokenAssets fails to provide evidence it has registered with financial regulators in any jurisdiction.
Instead, FinTokenAssets misrepresents its shell compny incorporation in the UK:
Is Your Company’s Business Legal?
Yes, of course. Fintokenasset.com is an officially incorporated company that works under provisions of law under registration number 14159589. You can see the documents if you follow the link.
FinTokenAssets business model also fails the Ponzi logic test.
At its best FinTokenAssets offers 2% a day. If FinTokenAssets was able to legitimately generate 2% a day on a consistent basis as represented, what do they need your money for?
As it stands, the only verifiable source of revenue entering FinTokenAssets is new investment.
Using new investment to pay advertised returns makes FinTokenAssets a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve FinTokenAssets of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.