Kryptomusk fails to offer possession or govt info on its web site.
Kryptomusk operates from two identified web site domains:
- kryptomusk.com – privately registered on November twenty fifth, 2022
- kryptomusk.internet – privately registered on on November twenty sixth, 2022
In an try to seem legit, Kryptomusk offers incorporation particulars for “Kryptomusk LTD” and “Kryptomusk LLC”.
Kryptomusk LTD was purportedly integrated within the UK on December twenty second, 2022.
An MLM firm working or claiming to function out of the UK is a pink flag.
UK incorporation is dust low-cost and successfully unregulated. On high of that the FCA, the UK’s high monetary regulator, don’t actively regulate MLM associated securities fraud.
In consequence the UK is a well-liked jurisdiction for scammers seeking to incorporate, function and promote fraudulent firms.
For the aim of MLM due-diligence, incorporation within the UK or registration with the FCA is meaningless.
Kryptomusk LLC is purportedly a shell firm integrated in Delaware on February seventh, 2023.
As a result of ease with which scammers are in a position to incorporate shell firms with bogus particulars, for the aim of MLM due-diligence shell incorporation in any jurisdiction is once more meaningless.
As all the time, if an MLM firm just isn’t overtly upfront about who’s working or owns it, assume lengthy and laborious about becoming a member of and/or handing over any cash.
Kryptomusk’s Merchandise
Kryptomusk has no retailable services or products.
Associates are solely in a position to market Kryptomusk affiliate membership itself.
Kryptomusk’s Compensation Plan
Kryptomusk associates make investments USD equivalents in cryptocurrency. That is completed on the promise of marketed returns:
- Fundamental Plan – make investments $25 to $9999 and obtain 1.5% a day for 180 days
- Premium Plan – make investments $10,000 to $49,999 and obtain 2% a day for 150 days
- Govt Plan – make investments $50,000 to $149,999 and obtain 2.5% a day for 120 days
The MLM aspect of Kryptomusk pays on recruitment of affiliate traders.
Referral Commissions
Kryptomusk pays referral commissions on cryptocurrency invested by personally recruited associates:
- Fundamental Plan tier associates obtain an 8% referral fee fee
- Premium Plan tier associates obtain a 9% referral fee fee
- Govt Plan tier associates obtain a ten% referral fee fee
Residual Commissions
Kryptomusk pays residual commissions by way of a binary compensation construction.
A binary compensation construction locations an affiliate on the high of a binary workforce, cut up into two sides (left and proper):
The primary stage of the binary workforce homes two positions. The second stage of the binary workforce is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary workforce are generated as required, with every new stage housing twice as many positions because the earlier stage.
Positions within the binary workforce are crammed by way of direct and oblique recruitment of associates. Be aware there is no such thing as a restrict to how deep a binary workforce can develop.
On the finish of every day Kryptomusk tallies up new funding quantity on each side of the binary workforce.
Associates are paid 10% of recent funding on their weaker binary workforce aspect, capped day by day based mostly on how a lot they’ve invested:
- Fundamental Plan tier associates can earn as much as $1000 in day by day residual commissions
- Premium Plan tier associates can earn as much as $5000 in day by day residual commissions
- Govt Plan tier associates can earn as much as $15,000 in day by day residual commissions
Becoming a member of KryptoMusk
Kryptomusk affiliate membership is free.
Full participation within the connected revenue alternative requires an preliminary $25 to $149,999 funding.
Kryptomusk solicits funding in varied cryptocurrencies.
Kryptomusk Conclusion
Kryptomusk represents it generates exterior income by way of cryptocurrency buying and selling.
Krypto Musk trades with high centralized and decentralised crypto foreign money and generate earnings day-after-day.
Along with there being no proof Kryptomusk generates exterior income of any form, this declare fails the Ponzi logic take a look at.
If Kryptomusk was in a position to commerce cryptocurrency such they have been legitimately producing 2.5% a day on a constant foundation, what do they want your cash for?
Moreover, Kryptomusk’s passive funding alternative constitutes a securities providing.
Kryptomusk fails to offer proof it has registered with monetary regulators in any jurisdiction. Which means that at a minimal, Kryptomusk is committing securities fraud.
Because it stands, the one verifiable income coming into Kryptomusk is new funding.
Utilizing new funding to pay affiliate withdrawals would make Kryptomusk a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
It will starve Kryptomusk of ROI income, finally prompting a collapse.
The mathematics behind Ponzi schemes ensures that once they collapse, the vast majority of contributors lose cash.
