Pegasus Review: 1.5% a day, 300% ROI MLM crypto Ponzi
Pegasus provides no information on its website about who owns or runs the company.
Pegasus’ website domain (“pegasus.cx”), was privately registered on August 31st, 2021.
Pegasus’ official social media profiles were created in February 2022, suggesting this is when the company was launched.
The sole admin of the official Pegasus FaceBook group is “Peter Nab”. This is a new account, created around the time Pegasus launched.
Pegasus represents it is based out of Dubai. Whether this is true or not is unverifiable.
Regardless, any MLM company representing it is based out of Dubai automatically raises a red flag.
Of note is Pegasus’ use of ePayCore, a Russian financial services provider.
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.
Pegasus has no retailable product or services.
Affiliates are only able to market Pegasus affiliate membership itself.
Pegasus’ Compensation Plan
Pegasus affiliates invest USD or cryptocurrency equivalents, on the promise of a 1.5% daily ROI, capped at 300%.
A 5% fee is charged on both investments and withdrawals.
Note that while investment options are available, Pegasus states withdrawal requests are only paid in bitcoin.
The MLM side of Pegasus pays referral commissions on invested cryptocurrency.
Note that from May 2022, Pegasus requires affiliates to have an active investment to earn referral commissions.
Pegasus 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.
Pegasus has two referral commission tiers; Basic and Team Leader.
Basic Referral Commissions
Pegasus pays basic referral commissions on invested cryptocurrency down three levels of recruitment:
- level 1 (personally recruited affiliates) – 8%
- level 2 – 4%
- level 3 – 2%
Team Leader Referral Commissions
To qualify as a Team Leader, a Pegasus affiliate must:
- personally invest at least $500; and
- convince others to invest at least $25,000 (personal recruits only).
Team Leader qualified Pegasus affiliates earn referral commission down nine levels of recruitment:
- level 1 – 9%
- level 2 – 5%
- level 3 – 3%
- level 4 – 1%
- level 5 – 0.6%
- level 6 – 0.5%
- level 7 – 0.4%
- level 8 – 0.3%
- level 9 – 0.2%
Team Leader Bonuses
Team Leader qualified Pegasus affiliates can further qualify for the following one-time bonuses:
- qualify as a Team Leader and receive $500 plus a $250 investment position
- convince others to invest $50,000 and receive $1000 plus a $500 investment position
- convince others to invest $100,000 and receive $2000 plus a $1000 investment position
- convince others to invest $250,000 and receive $5000 plus a $2500 investment position
- convince others to invest $500,000 and receive $10,000 plus a $5000 investment position
- convince others to invest $1,000,000 and receive $20,000 plus a $10,000 investment position
As with Team Leader qualification, required downline investment is only counted from personally recruited affiliates.
Pegasus affiliate membership is free.
Full participation in the attached income opportunity requires a minimum $50 investment.
Pegasus solicits investment in USD through ePayCore. A wide range of cryptocurrencies are also supported.
Pegasus claims invested funds are
handled by a team of professional traders who are ready to generate your daily profit.
We can say, with confidence, that a 1.5% per day return is feasible. Not only that, we can make much more than 1.5% in just a few minutes.
This fails the Ponzi logic test. If Pegasus is already capable of consistently generating “much more than 1.5% in a few minutes”, why do they need your money?
The answer is, in the absence of registration with financial regulators and filed audited financial reports, Pegasus is running a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve Pegasus of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
Update 17th August 2022 – Pegasus has collapsed.
Pegasus states that investor funds are used for real (human) traders who make profits within a safe risk appetite.
Of course I cannot be sure about this but in regards to what has been said about Pegasus on this website review:
Can this be verified or just a guess?
Pegasus can state whatever it wants. Either its registered with financial regulators and providing audited financial reports, or its committing securities fraud.
MLM + securities fraud = Ponzi scheme.
The “few minutes” quote was taken directly from Pegasus’ website at time of publication.
Following the Ponzi logic test is self-explanatory.
And Bye bye Pegasus.
RIP their payment processor.