Taurise Review: Crypto mining rig smokescreen Ponzi
The first thing visitors to the Taurise website are presented with is a poorly dubbed marketing video featuring “Robert Mackay” and “Rachel Davis”.
As this example shows, these are obviously actors with the set rented office space in who knows where.
The Taurise website domain was privately registered on February 26th, 2018.
Taurise do provide an incorporation certificate for “Taurise Limited”.
Taurise Limited was incorporated in the UK on February 27th, 2018.
UK incorporation is dirt cheap and for the most part unregulated. It is a favorite for scammers looking to incorporate dodgy companies.
For some reason Taurise also provide a patent certificate for some sort of cryptocurrency hardware miner.
The certificate appears to be bogus, with the actual 8,759,864 patent awarded in 2014 for an organic light-emitting element.
At the time of publication Alexa estimate Russia is the largest source of traffic to the Taurise website (14%).
Turkey is another possibility, with the Turkish word for “standard” appearing on the Taurise website in place of its English equivalent (“standart”).
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.
Taurise does market cryptocurrency mining rigs, however the sale of the equipment has nothing to do with the company’s MLM opportunity.
The Taurise Compensation Plan
Taurise affiliates invest funds on the promise of an advertised ROI:
- Beginner – invest $30 to $199 and receive a 118% ROI after 10 days
- Standart [sic] – invest $200 to $999 and receive a 140% ROI after 20 days
- Medium – invest $1000 to $9999 and receive a 180.5% ROI after 35 days
- Sociable – invest $700 to $5000 and receive a 187.5% ROI after 25 days
- Royal – invest $10,000 to $100,000 and receive a 225% ROI after 50 days
- Family – invest $5001 to $20,000 and receive a 280% ROI after 40 days
- Server – invest $500 to $30,000 and receive a 345% ROI after 70 days
Taurise 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.
Taurise caps payable unilevel levels at eight.
Referral commissions are paid out as a percentage of funds invested across these eight unilevel team levels as follows:
- level 1 (personally recruited affiliates) – 7%
- level 2 – 4%
- level 3 – 2%
- level 4 – 1%
- level 5 – 0.5%
- levels 6 to 8 – 0.1%
Taurise investors who generate specified target investment amounts across their unilevel team, are rewarded with the following one-time bonuses:
- generate $15,000 unilevel team investment and receive $150
- generate $30,000 unilevel team investment and receive $400
- generate $60,000 unilevel team investment and receive $500
- generate $100,000 unilevel team investment and receive $2000
- generate $249,999 unilevel team investment and receive $5000
- generate $500,000 unilevel team investment and receive $7500
- generate $750,000 unilevel team investment and receive $10,000
- generate $1,000,000 unilevel team investment and receive $50,000
Taurise affiliate membership is free. Full participation in the MLM opportunity however requires a minimum $30 investment.
Taurise claim to generate external ROI revenue through cryptocurrency trading, mining and sale of mining equipment.
No evidence of either of these activities actually providing external ROI revenue is provided.
Furthermore Taurise’s business model fails the Ponzi logic test.
If Taurise’s anonymous owners were legitimately able to generate a 187.5% ROI every 25 days (2738% annually), why would they be soliciting investment from randoms over the internet?
And why do it using dodgy dubbed marketing videos and bogus certificates?
As it stands the only verifiable source of revenue entering Taurise is new affiliate investment.
Using newly invested funds to pay existing affiliates a ROI makes Taurise a Ponzi scheme.
As with all Ponzi schemes, once new affiliate recruitment dries up so too will newly invested funds.
This will starve Taurise of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of investors lose money.