KryptoGlobe Review: 4ArtCoin Ponzi points
KryptoGlobe operates in the cryptocurrency MLM niche.
The company provides bogus executive information on its website, so who actually runs the company is unknown.
There is a corporate address in Germany provided on KryptoGlobe’s website. Given the bogus executive information provided however, it’s doubtful the address is actually used by KryptoGlobe.
KryptoGlobe’s website domain (“kryptoglobe.com”) was privately registered on November 30th, 2019.
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.
KryptoGlobe’s Products
KryptoGlobe has no retailable products or services, with affiliates only able to market KryptoGlobe affiliate membership itself.
KryptoGlobe’s Compensation Plan
KryptoGlobe affiliates use cryptocurrency to invest in 4ArtCoin. Commissions are paid when they recruit others who do the same.
KryptoGlobe pays 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.
KryptoGlobe caps payable unilevel team commissions at five levels.
Commissions are paid out as a percentage of investment across these five levels as follows.
- level 1 (personally recruited affiliates) – 10%
- level 2 – 4%
- level 3 – 3%
- level 4 – 2%
- level 5 – 1%
Reward Bonuses
When a KryptoGlobe affiliate generates €50,000 EUR worth of investment in 4ArtCoin, they receive a 1000 4ArtCoin bonus.
When a KryptoGlobe affiliate generates €100,000 EUR worth of investment in 4ArtCoin, they receive 2000 4ArtCoins.
Joining KryptoGlobe
KryptoGlobe affiliate membership appears to be free.
Participation in the attached income opportunity requires investment in 4ArtCoin.
Other than there being a €25 EUR minimum package, specific details are not provided.
Conclusion
KryptoGlobe markets itself as a “diversified, multi-service Cryptocurrency investment company”.
We are a leading Sales and Marketing Platform for Crypto Assets and 4Art Coin.
The hook here is 4ArtCoin, which is likely owned by KryptoGlobe’s anonymous owners.
4ART COIN is the revolutionary digital asset designed to reform the Art industry therefore making every holder a potential millionaire.
Have a read over the above again and try to really digest it.
Can’t? That’s because it makes no sense.
4ArtCoin is an ERC-20 cookie-cutter token that has nothing to do with art.
All that’s happening here is gullible saps are signing up as KryptoGlobe affiliates, handing over cryptocurrency for 4ArtCoin tokens, and making whoever is receiving the cryptocurrency richer.
I’m not clear on whether 4ArtCoin has an internal value, but can confirm there’s no public value.
Nor is there likely ever to be, because nobody outside of KryptoGlobe will be interested in yet another hyped up Ponzi points shitcoin.
On the MLM side of things KryptoGlobe is straight pyramid recruitment.
You sign up, invest in 4ArtCoin tokens and get paid to recruit others who do the same.
When affiliate recruitment dies down, KryptoGlobe collapses.
Those who haven’t recovered their investment via recruitment lose out. And mathematically, this is the majority of participants in pyramid scheme.
Their physical address
Alexanderstraße 19, 10179 Berlin, Tyskland, Germany
contains the Scandinavian name ‘Tyskland’ for Germany. So, effectively, it says ‘Germany, Germany’.
There’s a giveaway about their real location on the site. The address they give is: Alexanderstraße 19, 10179 Berlin, Tyskland, Germany.
‘Tyskland’ is a completely absurd addition here: it’s the name for Germany in Danish, Norwegian and Swedish.
Not that that narrows it down, but we’ve clearly got a Scandinavian scammer at work.
The only other place ive come across ” art token crypto scam op ” is whit andreas kartrude and his ponziboys , so i wouldent be suprised if its him our his boys how set this scam up,
(Speculstion) might be a version 2 of a more ”classic” ponzitype scam that ran and recently got shutdown in ”their” part of sweden (Skåne):
Nolinkwww.expressen.se/kvallsposten/konstbluffen-avslojades-nu-kravs-de-pa-miljoner/
It fitts whit kartrudes MO since he is always ”to late” in on the 1 gen scams.
Yes, it’s definitely Kartrud’s “team” based around Malmö that is behind this. Blerim Shabani, Stefan Hoeing and Richard Brorman.
They were all under Kartrud’s wings in Swisscoin and followed him in various scams after that. He is probably their mentor in this one.
Here is Sean Panak:
nolink//www.shutterstock.com/image-photo/headshot-pose-portrait-modern-attractive-business-461418211
The fact that these people are stupid enough to believe they are far smarter than the rest amazes me every time.
Case in point: A certain Mr Vikram left a positive video feedback for a company he used to have his business website set up.
youtube.com/watch?v=76WO-MoQDYo
His real name is, of course, Blerim Shabani and the business is Kryptoglobe.
By the way, India has a special industry catering to MLM scammers’ needs. This is the company behind Kryptoglobe’s software.
infinitemlmsoftware.com/
Now, allegedly, Kryptoglobe is a marketing front for 4Art Technologies. 4 Art’s product is a piece of software that tells you whether a piece of art is genuine or not, and authentication is somehow connected to the blockchain, or so they claim.
The company (youtube.com/channel/UCegvwuKImQUrZj1RsFPMXYg) was founded in Tuttlingen in southern Germany by a Greek art collector who calls himself Nikolaos Kipouros.
After some time, they moved into Switzerland’s ‘Cyber Valley’. The company has been covered in the (mostly German-speaking press) quite a bit and claims to have established collaborations with many legitimate institutions (invest.4art-technologies.com/wp-content/uploads/presentation/English-4ART-EN-PRESENTATION-Stand_24_09.pdf).
I see two possibilities.
a) 4Art Technologies is legit and was dumb enough to fall prey to the former Swisscoin Clique who might have approached 4Art about handling the Blockchain/Marketing part (pasteboard.co/IXoVI2A.jpg).
b) 4Art Technologies is a scam, too. In this case, they have been quite successful in establishing partnerships with seemingly legitimate companies and attracting press coverage from non-crypto, non MLM circles (if their whitepaper can be trusted).
Talk about a solution with no problem. A solution that doesn’t even make sense at that.
Art forgery definitely is a problem. But if their Youtube promo video is anything to go by, they don’t have a solution.
When I saw a mention of DNA, I thought the purported ID system might be based around attaching a unique artificial DNA tag to works of art somehow. That is a genuine technology.
However, they clearly only use “DNA” as a meaningless buzzword. The video says:
This is ridiculous technobabble, just some buzzwords to impress the ignorant. But how dumb and/or ignorant must someone be to believe an ordinary camera can record the “molecular structure” of anything, or that works of art have DNA, or that DNA can be identified from photographs?
So no, they’re not a legit operation who’ve somehow fallen prey to scammers, it’s an outright scam.
Molecular structure photographs with a camera phone. Lulz indeed.
My guess:
It is a failed tech investment scam. But it’s not easy to get people to invest in a “block chain” even if they believe that babble about smartphones capturing molecular structures.
So, what to do? Let’s bring in the crypto goons and attach an even more worthless token to the useless project. Because coins sell.
Fun fact: Kartrud’s main occupation besides being a top scam leader is running a weekend car boot market. You know, directing cars where to park and unload, collecting the fee from the sellers.
Oh damn that image of the three of them. Where is that from?
@John:
Thanks you for pointing us to that Indian MLM software company.
A quick glance at their site certainly explains why so many of the recent arrivals have such cookie-cutter web interfaces, all with that pastel blue/purple color scheme.
As to 4Art: I took the time to look at the presentation PDF you found, in the hope of finding more amusing stuff.
I wasn’t disappointed. It triumphantly doubles down on the technobabble from the Youtube video.
A phone camera snapshot cannot just identify DNA, it can also “read the ‘Visible Nanoparticle-Structure’ (VNS) and create the digital fingerprint” of any object.
I couldn’t resist putting “visible nanoparticle structure” into Google. I put quotes around it, because each word separately would give too many results.
This worked very well indeed: for the first time in my experience, I got exactly one search result.
Yes, in the inconceivably huge amount of material indexed by Google, the one and only place where those three words appear together is in the same PDF I’d just read them in. (Perhaps this comment will now lead to there being two hits.)
The next step in the process is that “the biometric 4ARTpassport is created by merging the digital birth certificate with the digital fingerprint and secured on the Blockchain.”
For not only do inanimate objects contain DNA (what’s more, DNA unique to each individual object ever made), they also have biometrics. Somebody should really explain to them what the “bio” part stands for.
The app cannot just do all these magical things with photographs, it can also create “Legally Binding Digital Contracts”.
What is legally binding or not in a jurisdiction is no longer a matter for actual laws, you can create legality with a piece of software on a phone.
The supposed brains behind it, Niko Kipouros, ticks all the scam artist boxes.
He presents himself as “an established art broker and collector with over two decades of experience”, who also has “a successful track record as an entrepreneur and investor whose portfolio includes more than 50 companies”. He is also sometimes a former senior something at Merrill Lynch.
Yet his entire online footprint seem to consist exclusively of this 4Art thing, mostly in the form of copypasta publicity material. None of those 50 companies appear to have websites mentioning his name.
An additional genuinely art-related form of scamming could be an intended part of this, beyond a straightforward investment scam.
The 4Art scheme also somehow includes something called “fractional investment” in artworks. Which simply means that a single piece is jointly owned by a number of people.
You could easily implement it by having a piece owned by a company with more than one shareholder. But it’s presented as something new and terribly techy, with something-something-blockchain-something-tokenizing-something babble added.
It was much-hyped a few years back, always by businesses set up by people from outside the art world, and never took off. But if some owner of a work of art falls for this, it would no doubt involve them first signing it over to some corporate entity.
It would seem like a perfect setup for a thief, who’d create such a ‘fractional investment’ entity, to which the owner then hands over the stuff voluntarily.
Selling works of art which have been entrusted to someone in good faith is a common form of art fraud/theft.
Overall, the whole thing appears to be something that was set up a couple of years back, and which they’re trying to keep alive by regular reboots and additions, like adding the ‘fractional investment’ stuff at some point, a supposed cryptocurrency, and now an MLM.
@PassingBy – the platform seems like a carbon copy of or perhaps forgotten blockchain expert, Marcelo Garcia Casil, of Onecoin fame, and his former project: Maecenas
SEE: maecenas.co/
As far as I can tell from glancing this write-up and comments, it’s a Carbon copy.
As you may recall, Casil was responsible for the “Onecoin white paper” based on a new technology, not yet implemented.
For more on THAT, see Crypto Xpose short video summary:
m.youtube.com/watch?v=6MjkOYszSS4
@PassingBy – the platform seems like a carbon copy of or perhaps forgotten blockchain expert, Marcelo Garcia Casil, of Onecoin fame, and his former project: Maecenas
SEE: maecenas.co/
As far as I can tell from glancing this write-up and comments, it’sa Carbon copy.
As you may recall, Casil was responsible for the “Onecoin white paper” based on a new technology, not yet implemented.
For more on THAT, see Crypto Xpose short video summary:
m.youtube.com/watch?v=6MjkOYszSS4
Small world, isn’t it? Who’d have thought we’d run into former OneCoin accomplices in this context.
But since this Maecenas thing doesn’t do MLM, it’s really off-topic. I’ll just point to an article from someone more knowledgeable than me, who points out a lot of the same issues that occurred to me:
news.artnet.com/opinion/gray-market-maecenas-blockchain-auction-1308482
(He also links to an essay that is worth reading, with the wonderful title: “Blockchain is not only crappy technology but a bad vision for the future”).
It does share some of the characteristics of so many outfits trying to sell the magical powers of The Blockchain through MLM, though.
All they seem to have for real is yet another ERC-20 token, which they intend to use to represent ownership shares in expensive works of art.
For the technical side of that, they need a CTO, a “Technology Lead”, a “Cybersecurity Engineer”, a “Blockchain Engineer”, and an “Infrastructure Engineer”. Five people just to deal with a bog-standard ERC-20 token.
More importantly, if there was really a market demand for shared ownership of works of art, there would be no need at all to use any blockchain.
Lots of types of shared ownership have existed for centuries, most notably in the form of companies issuing shares, and it’s never taken a blockchain. And secondly, having a blockchain doesn’t magically create a legal framework for something.
I could tell you exactly under what law I share the ownership of the building I live in with other people – there is a special form of legal entity which exists solely for that purpose. But that system stops at my country’s borders.
If no such legal framework existed, some obscure company based in Singapore putting some tokens on a blockchain wouldn’t create it, whether for a building or for a painting.
Interestingly, Kryptoglobe is dead while 4Art seems to be picking up speed, announcing partnerships with artists, galleries and insurance companies.
Marketing “memorandums of understanding” or actual partnerships that mean something?
4Art is still alive, their apps have been available for over a year now and their offering is growing.
They have officially annonced partnerships with big companies like Munich Re and Ergo, as well as hasenkamp.
The 4Art coin is also alive and kicking, had a slump for a while but now at decent value. Seems like a misguided witchhunt on here, no?
Imagine bagholding a Ponzi coin long after the Ponzi launched to promote it has collapsed.
4ART was in the shitcoin crypto graveyard till a pump in early February because reasons.
Now it’s back on the way down to dumpsville. If you didn’t offload to some other poor bagholders during the pump, sorry for your loss.
I mean that’s one way to look at it. Throw around the word ponzi enough and it must be true. 😀
I don’t give a shit about 4 art, but i do care about the truth and helping people. guess not everyone here does, playing hero reporter in ones fairytale looks more like up this website’s alley.
Enjoy i guess.
KryptoGlobe was a Ponzi scheme because of its business model.
Yet here you implying KryptoGlobe wasn’t a Ponzi scheme, and that you “don’t give a shit about 4art” – when you clearly do.
You’re full of shit son. Enjoy them heavy bags.