Mass Cryp Review: Blockchain based decentralized advertising?
Mass Cryp provide no information on their website about who owns or runs the business.
The Mass Cryp website domain (“masscryp.com”) was privately registered on August 27th, 2017.
Why they’re not identified on the main Mass Cryp website I have no idea, but a Mass Cryp token website identifies Pijush Sarkar (CEO), Saurabh Singh (CFO) and Shashank Mishra (COO) as co-founders of the company.
According to their respective Mass Cryp corporate bios, Pijush Sarkar is
an Entrepreneur, Blockchain and Cryptocurrency awareness trainer.
he has extensive experience in building businesses and investing in crypto currencies.
12 years of experience in business development and designing business road maps for different companies.
Saurabh Singh is ‘an Entrepreneur, Cryptocurrency mining awareness trainer with 8+ years experience in IT sector‘.
Shashank Mishra is
an Entrepreneur with 8+ years in administration management in different sectors.
He has extensive experience in investing in property and Real estate business.
Attempts to verify the provided history or any of Mass Crypt’s co-founders turned up nothing. I’m flagging this as highly suspicious.
Alexa traffic estimates for both the Mass Cryp main and token websites reveal India is the top source of traffic (73% and 35% respectively).
This strongly suggests and Mass Cryp is being operated out of India itself.
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.
Mass Cryp Products
Mass Cryp has no retailable products or services, with affiliates only able to market Mass Cryp affiliate membership itself.
The Mass Cryp Compensation Plan
Mass Cryp affiliates invest $100 worth of bitcoin on the promise of a “$120 guaranteed return”.
Referral commissions are 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.
Mass Cryp cap payable unilevel levels at fifteen, with referral commissions paid out as a percentage of bitcoin invested across these fifteen levels.
- level 1 (personally recruited affiliates) – 5%
- level 2 – 3%
- levels 3 to 7 – 2%
- levels 9 to 13 – 1%
- levels 14 and 15 – 0.5%
Mass Cryp also offer something called “Turnover Sharing”, through which they claim affiliates can “convert your $100 to $9420.
This appears to be some sort of residual commission (probably) tied to ROI payments to downline affiliates, however based on the information provided I’m not 100% sure:
In any event I’ve included the Turnover Sharing explanation from the Mass Cryp compensation plan above for reference.
Joining Mass Cryp
Mass Cryp affiliate investment is tied to a minimum $100 investment in bitcoin.
Conclusion
Mass Cryp claim to be ‘the first decentralised advertisement platform with Cryptocurrency‘
MASS CRYP Enterprise is a brand and project manager that follows a transformation management process geared towards innovation in order to create fast solutions tailored to the needs of the market.
What does any of that mean? Who knows, but it has nothing to do with Mass Cryp’s MLM opportunity.
Mass Cryp offer up a simple $100 in $120 out Ponzi scheme.
The company goes to great lengths to hide this, with no information about the MLM side of the business provided on either the main or token websites.
As far as I can tell the MASS ICO is just smoke and mirrors.
After launching at 10 cents, Mass Cryp boast the value of MASS “touched 0.21$ just in 12 days”.
MASS is a non publicly tradeable cryptocurrency which Mass Cryp is flogging off to affiliate investors.
Of note is the US being the second largest source of traffic to both the Mass Cryp main and token websites.
I ran a search for “mass cryp” on the SEC’s Edgar database and turned up nothing.
This is important because, as above, Mass Cryp is an investment opportunity and is being marketed as such.
Getting back to the company’s MLM opportunity, the only verifiable source of revenue entering Mass Crypt is new affiliate investment. Both by way of MASS token investment and individual $100 bitcoin investments.
The use of newly invested funds to pay existing investors a $120 ROI makes Mass Cryp a Ponzi scheme.
As with all Ponzi schemes, once affiliate recruitment dries up so too will funds entering the scheme.
This will starve Mass Cryp of ROI revenue, eventually prompting a collapse. By this stage MASS’s internal value will have also collapsed (no way to convert MASS to real money).
The math behind a Ponzi scheme’s collapse guarantees that the majority of investors will lose money.
It’s a buzzword salad ponzi, and the latest buzzword is blockchain.
There is no need to use blockchain in an online advertising platform. Slapping “blockchain” on something that doesn’t need it made it suspect.
SEC just slapped down Munchees’s MUNcoin, which purports to be using blockchain tech for… restaurant reviews. (WTF?!)
All is froud and Chor. Do not invest in this.
Great article!
Apparently mass goes to the market/exchange on the 15th of this month. Let’s see what happens…
The company is legit. I know this because I know some insider info. They did hit a snag in the beginning due to an unpleasant business, and delays in withdrawals caused some suspisions, but they are going steady now.
Very cool changes are about to emerge very soon. Sit tight, this is going to be massive.
PS I did make 200% off my initial deposit along with my downlines, just sayin’.
You stealing money from people who joined after you doesn’t legitimize financial fraud. Just sayin’.
Nobody is _stealing_. The company put a whopping $80 mln into this business and applied for an big international exchange paying them with BTC.
Do you really believe anyone will need to steal from their uplines? You smart-ass that knows nothing, yet you’re the pro.
Mass Cryp is a Ponzi scheme. You’re stealing from everyone who signs up and invests after you.
Don’t even bother crapping on about what the company did or didn’t do without hard proof.
Lol, cliche time.
All I know is I got to level 12 and the first few (small) payments were easy to withdraw and as soon as it got to anything substantial and I went to withdraw there were loads of hoops to jump through.
I still have $5800 sat there that I can’t access 12 months on?? Pissed off!!
I think you probably already know this but the $5800 you think is sitting there doesn’t actually exist.
Its called the long con. These sucker round ups would never make it more than a few months if any substantial withdraw was allowed.