Penny Cyclers Review: Eight-tier micro Ponzi cycler
Penny Cyclers provide no information on their website about who owns or runs the business.
The Penny Cyclers website domain (“pennycyclers.com”) was privately registered on July 25th, 2017.
The official Penny Cyclers Facebook group has one admin, Dan Haltom.
Haltom (right) is based out of the US and has been promoting MLM underbelly scams for a number of years.
Read on for a full review of the Penny Cyclers MLM opportunity.
Penny Cyclers Products
Penny Cyclers has no retailable products or services, with affiliates only able to market Penny Cyclers affiliate membership itself.
Once signed up, Penny Cyclers affiliates purchase matrix cycler positions.
Bundled with cycler position purchases are ad credits, which can be used to display advertising on the Penny Cyclers website.
The Penny Cyclers Compensation Plan
Penny Cyclers affiliates purchase 3 cent positions in an eight-tier 3×1 matrix cycler.
These positions are subscription based, requiring a 3 cent position be purchased daily.
If a Penny Cyclers affiliate is unable to fund a daily 3 cent position, they forfeit all previously purchased cycler positions and attached commissions.
A 3×1 matrix is simple in nature, requiring only three positions filled.
Once all three positions are filled, a “cycle” is generated, a commission is paid out and the position “cycles” into the next tier of the cycler.
Payments across Penny Cyclers eight-tier cycler are as follows:
- Matrix 1 (positions cost 3 cents) – 1 cent commission and cycles into Matrix 2
- Matrix 2 – 3 cent commission and cycles into Matrix 3
- Matrix 3 – 3 cent commission and cycles into Matrix 4
- Matrix 4 – 6 cent commission, generates a new Matrix 1 position and cycles into Matrix 5
- Matrix 5 – 9 cent commission, generates three new Matrix 1 positions and cycles into Matrix 6
- Matrix 6 – $1 commission, generates three new Matrix 1 positions and cycles into Matrix 7
- Matrix 7 – $5 commission, generates thirty-three new Matrix 1 positions and cycles into Matrix 8
- Matrix 8 – $50 commission, generates thirty-three new Matrix 1 positions and one Matrix 8 position
A matching bonus of 5 cents is paid when personally recruited affiliates cycle out of Matrix 5 and 6.
A matching bonus of $1 is paid when personally recruited affiliates cycle out of Matrix 7 and 8.
Joining Penny Cyclers
Penny Cyclers affiliate membership is free.
Participation in the attached income opportunity however required a minimum deposit of at least $5.
Ongoing 3 cent daily subscription fees are an additional expense.
Through daily 3 cent investments, Penny Cyclers affiliates hope to receive a $56.22 ROI.
This ROI is funded from subsequently invested funds, making Penny Cyclers a Ponzi scheme.
On the raw math side of things 1874 three cent investments are required to generate a single $56.22 ROI.
This figure is actually higher, owing to the matching bonus and non-linear nature in which the company-wide matrix fills.
Upon consideration each Penny Cyclers affiliate has to invest 3 cents a day this might not sound too bad, but remember that a single position cycling through all eight tiers generates 73 new Matrix 1 positions.
That’s per position purchased per day per however many Penny Cyclers affiliates there are.
Needless to say if you didn’t sign up and fund a position within the first few seconds of Penny Cyclers launching, your position(s) aren’t cycling.
Through one or more preloaded admin cycler positions, Dan Haltom will easily make off with the lion’s share of invested funds.
Everybody else can except to literally make pennies on the dollar.