Plan-C provide no information about who owns or runs the business.

The Plan-C website domain (“plan-c.one”) was privately registered on June 21st, 2017.

On the Plan-C website the company claims to have ” technicians, accountants and security staff” working for it in Tbilisi, Georgia.

We examined all European countries regarding costs of electricity and living.

We found Georgia to be the best place for its affordable electricity costs while having a stable political situation.

 

Update 31st January 2018 – A document on the Plan-C website, purportedly from the Ministry of Justice of Georgia, states that Plan-C has been incorporated in Georgia on June 26th, 2017.

Giorgi Bejuashvili is listed as the sole Director of the company.

I wasn’t able to find anything connecting Bejuashvili outside of the registry extract, so treat the above information as suspect. /end update

 

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.

Plan-C Products

Plan-C has no retailable products or services, with affiliates only able to market Plan-C affiliate membership itself.

The Plan-C Compensation Plan

Plan-C affiliates invest in packages on the promise of shares in a communal ROI pool:

  • Bronze Package ($250) – one share
  • Silver Package ($1000) – five shares
  • Gold Package ($5000) – thirty shares

There isn’t a limit on Plan-C’s offered ROI payments, however 10% of all payments are kept by the company for “reinvestment”.

Referral Commissions

Plan-C pay 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.

Plan-C cap payable unilevel levels at eight, with commissions paid out as a percentage of funds invested across these eight levels.

How many unilevel levels a Plan-C affiliate earns referral commissions on is determined by how much they themselves invest:

  • Bronze affiliates earn 8% on level 1 (personally recruited affiliates), 3% on level 2, 2% on level 3 and 1% on level 4
  • Silver affiliates earn 8% on level 1 (personally recruited affiliates), 3% on level 2, 2% on level 3 and 1% on levels 4 to 6
  • Gold affiliates earn
  •  8% on level 1 (personally recruited affiliates), 3% on level 2, 2% on level 3 and 1% on levels 4 to 8

Infinity Pool

Plan-C affiliates who invest at the Gold level and recruit at least eight affiliates who do the same, qualify for a share in the Infinity Pool.

The Infinity Pool is made up of 2% of Plan-C’s monthly company-wide investment volume.

Joining Plan-C

Plan-C affiliate membership is $50 in bitcoin plus investment in either a Bronze ($250), Silver ($1000) or Gold Package ($5000).

Conclusion

Plan-C claim to generate ROI revenue through a combination of cryptocurrency mining, trading and investment in “altcoins & ICO”.

The company claims to have “servers” in Georgia and claims that “upon request” affiliates ‘can visit the premises and computing center at any time.‘

The problem is that while Plan-C’s anonymous owners might indeed operate a facility in Georgia, the existence of such a facility is not correlation between external revenue generation and affiliate ROI payouts.

Regardless of how “affordable” running cryptocurrency operations in Georgia might be, it should be obvious that a fixed one-time fee generating perpetual ROI is not sustainable.

While some external ROI revenue activity might be taking place, without audited accounting the only verifiable source of revenue entering Plan-C is new investment.

Any percentage of newly invested funds being used to pay existing affiliates a ROI would make Plan-C a Ponzi scheme.

On top of that the company has no retailable products or services, meaning it’s operating as a pyramid scheme too.

As with all Ponzi schemes, once affiliate recruitment dies down so too will newly invested funds.

This will see Plan-C’s ROI revenue dwindle, starving the communal ROI pool.

Over time more and more funds are requires to sustain acceptable ROI payouts for an increasing affiliate-base.

Eventually there’s too many affiliates to pay out with too little funds, at which point Plan-C collapses.

The math behind Ponzi schemes guarantees that when they collapse the majority of investors lose money.