Kryptomusk fails to supply possession or government info on its web site.
Kryptomusk operates from two recognized web site domains:
- kryptomusk.com – privately registered on November twenty fifth, 2022
- kryptomusk.web – privately registered on on November twenty sixth, 2022
In an try to look reliable, Kryptomusk supplies incorporation particulars for “Kryptomusk LTD” and “Kryptomusk LLC”.
Kryptomusk LTD was purportedly included within the UK on December twenty second, 2022.
An MLM firm working or claiming to function out of the UK is a crimson flag.
UK incorporation is dust low cost and successfully unregulated. On prime of that the FCA, the UK’s prime monetary regulator, don’t actively regulate MLM associated securities fraud.
Consequently the UK is a well-liked jurisdiction for scammers seeking to incorporate, function and promote fraudulent corporations.
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 included in Delaware on February seventh, 2023.
Because of the ease with which scammers are capable of incorporate shell corporations with bogus particulars, for the aim of MLM due-diligence shell incorporation in any jurisdiction is once more meaningless.
As at all times, if an MLM firm shouldn’t be brazenly upfront about who’s working or owns it, suppose 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 capable of market Kryptomusk affiliate membership itself.
Kryptomusk’s Compensation Plan
Kryptomusk associates make investments USD equivalents in cryptocurrency. That is performed on the promise of marketed returns:
- Primary 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
- Government 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 buyers.
Referral Commissions
Kryptomusk pays referral commissions on cryptocurrency invested by personally recruited associates:
- Primary Plan tier associates obtain an 8% referral fee price
- Premium Plan tier associates obtain a 9% referral fee price
- Government Plan tier associates obtain a ten% referral fee price
Residual Commissions
Kryptomusk pays residual commissions by way of a binary compensation construction.
A binary compensation construction locations an affiliate on the prime of a binary staff, cut up into two sides (left and proper):
The primary stage of the binary staff homes two positions. The second stage of the binary staff is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary staff are generated as required, with every new stage housing twice as many positions because the earlier stage.
Positions within the binary staff are stuffed by way of direct and oblique recruitment of associates. Word there isn’t any restrict to how deep a binary staff can develop.
On the finish of every day Kryptomusk tallies up new funding quantity on either side of the binary staff.
Associates are paid 10% of latest funding on their weaker binary staff aspect, capped each day primarily based on how a lot they’ve invested:
- Primary Plan tier associates can earn as much as $1000 in each day residual commissions
- Premium Plan tier associates can earn as much as $5000 in each day residual commissions
- Government Plan tier associates can earn as much as $15,000 in each day residual commissions
Becoming a member of KryptoMusk
Kryptomusk affiliate membership is free.
Full participation within the connected earnings alternative requires an preliminary $25 to $149,999 funding.
Kryptomusk solicits funding in numerous cryptocurrencies.
Kryptomusk Conclusion
Kryptomusk represents it generates exterior income by way of cryptocurrency buying and selling.
Krypto Musk trades with prime centralized and decentralised crypto foreign money and generate income every single day.
Along with there being no proof Kryptomusk generates exterior income of any variety, this declare fails the Ponzi logic check.
If Kryptomusk was capable of 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 supply 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.
This may starve Kryptomusk of ROI income, ultimately prompting a collapse.
The mathematics behind Ponzi schemes ensures that after they collapse, the vast majority of contributors lose cash.