Upto Crypto Review: 200% ROI cryptocurrency trading Ponzi scheme
Upto Crypto provide no information on their website about who owns or runs the business.
The Upto Crypto website domain (“uptocrypto.com”) was privately registered on July 2nd, 2017.
Certain parts of the Upto Crypto compensation plan are in French (émeraude, rubi etc.). Alexa also estimates that France is the largest source of traffic to the Upto Crypto website (26%).
This suggests that whoever is running Upto Crypto is French and/or based out of France.
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.
Upto Crypto Products
Upto Crypto has no retailable products or services, with affiliates only able to market Upto Crypto affiliate membership itself.
Upto Crypto affiliate membership provides access to an investment app, through which Upto Crypto provide investment alerts.
The Upto Crypto Compensation Plan
Upto Crypto affiliates invest funds on the promise of a ROI of up to 200%
- invest $25 and receive a 100% ROI
- invest $75 and receive a 120% ROI
- invest $200 and receive a 130% ROI
- invest $500 and receive a 140% ROI
- invest $1500 and receive a 150% ROI
- invest $5000 and receive a 160% ROI
- invest $10,000 and receive a 180% ROI
- invest $20,000 and receive a 200% ROI
ROI are paid at a rate of 0.5% to 1% a day, five days a week.
A referral commission of 10% is paid on funds invested by personally recruited affiliates.
Upto Crypto pay residual commissions via a binary compensation structure.
A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).
Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.
Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note that there is no limit to how deep a binary team can grow.
At the end of each day new investment is tallied up on both sides of the binary team.
Upto Crypto affiliates are paid 10% of funds invested on the weaker side, up to five times the amount they initially invested.
In order to continue to earn binary commissions after this cap is reached, an affiliate must reinvest.
Upto Crypto affiliates are paid a Career Bonus based on paid binary commissions:
- Bronze (generate $1000 in binary commissions) – $50
- Silver (generate $5000 in binary commissions) – $150
- Gold (generate $25,000 in binary commissions) – $250
- Platinum (generate $100,000 in binary commissions) – $1000
- Emerald (generate $500,000 in binary commissions) – $5000
- Diamond (generate $1,000,000 in binary commissions) – $10,000
- Black Diamond (generate $5,000,000 in binary commissions) – $50,000
- Ruby (generate $10,000,000 in binary commissions) – $100,000
Joining Upto Crypto
Upto Crypto affiliate membership is tied to an investment of $25 to $25,000.
Reinvestment is mandatory for continued participation in the attached MLM opportunity.
The ruse behind Upto Crypto’s ROI payouts is cryptocurrency trading.
Invest and our traders will do the rest in order to create profits for you.
Upto Crypto provide no evidence of any cryptocurrency trading taking place. This includes revenue from any trading used to fund affiliate ROIs.
Furthermore Upto Crypto’s business model fails the Ponzi logic test.
If the anonymous owners of the company were able to consistently generate 200% ROIs through cryptocurrency trading, why would they be soliciting investment from randoms over the internet?
Affiliate investment the sole verifiable source of revenue entering Upto Crypto, the use of which to pay a ROI of up to 200% makes it a Ponzi scheme.
Residual commissions reward affiliate investors who convince others to invest, adding an additional pyramid layer to the scheme.
As with all Ponzi schemes, once affiliate recruitment dries up so too will newly invested funds.
This will see Upto Crypto unable to meet its ROI obligations, prompting a collapse.
The math behind Ponzi schemes guarantees the majority of affiliate investors will lose money.