Speed Growth Assets Review: 3.5% a day MLM crypto Ponzi
Speed Growth Assets fails to provide verifiable ownership or executive information on its website.
Instead, Speed Growth Assets provides up a list of people who likely don’t have anything to do with the company:
Following on from this, Speed Growth Assets claims to be “officially registered in Doha Qatar”.
Speed Growth Assets’ website domain (“speedgrowthasset.com”), was privately registered on July 14th, 2023.
Despite only existing for a few months, on its website Speed Growth Assets falsely claims it “launched in 26th August 2016”.
Speed Growth Assets also claims to already have 7.2 million investors and 45 million “users worldwide”. It has also purportedly already paid out $50.2 million.
I think it’s clear at this point that everything on Speed Growth Assets’ website is baloney.
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.
Speed Growth Assets’ Products
Speed Growth Assets has no retailable products or services.
Affiliates are only able to market Speed Growth Assets affiliate membership itself.
Speed Growth Assets’ Compensation Plan
Speed Growth Assets affiliates invest USD equivalents in cryptocurrency.
This is done on the promise of advertised returns:
- Beginner Plan – invest $100 to $50,000 and receive 2% a day for 6 days
- Classic Plan – invest $50,001 to $100,000 and receive 2.5% a day for 6 days
- Premium Plan – invest $100,001 to $10,000,000 and receive 3% a day for 35 days
- VIP Plan – invest $20,000 to $50,000 and receive 3.5% a day for 50 days
Speed Growth Assets pays referral commissions on invested funds down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 2%
- level 2 – 5%
- level 3 – 12%
Joining Speed Growth Assets
Speed Growth Assets affiliate membership is free.
Full participation in Speed Growth Assets’ income opportunity requires a minimum $100 investment.
Speed Growth Assets solicits investment in various cryptocurrencies.
Speed Growth Assets Conclusion
Speed Growth Assets represents it generates external revenue via forex trading, crypto trading, stock and commodities and real estate investments.
Putting aside we’ve already established everything on Speed Growth Assets’ website is baloney, no evidence of participation in any of these revenue generating activities is provided.
Furthermore, Speed Growth Assets’ marketing and business model fails the Ponzi logic test.
Speed Growth Assets claims to have paid out $50 million and is capable of legitimately generating 3.5% a day, what do they need your money for?
As it stands, the only verifiable source of revenue entering Speed Growth Assets is new investment.
Using new investment to pay affiliate withdrawals would make Speed Growth Assets a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve Speed Growth Assets of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.