COS (aka Cosetek and CosCoin), fails to offer possession or govt data on its web site.
COS’ web site area (“cosetek.com”), was first registered in 2017. The personal registration was final up to date on July twenty second, 2023.
This seems to be across the time the present proprietor(s) took possession of the area.
If we take a look at COS’ web site help portal, we will see the source-code pulling Meiqia software program from Baidu.
Meiqia is a Chinese language software program firm based mostly out of Beijing. This means whoever is operating COS has ties to China.
As at all times, if an MLM firm just isn’t overtly upfront about who’s operating or owns it, assume lengthy and arduous about becoming a member of and/or handing over any cash.
COS’ Merchandise
COS has no retailable services or products.
Associates are solely in a position to market COS affiliate membership itself.
COS’ Compensation Plan
COS associates make investments tether on the promise of marketed returns:
- VIP1 – make investments 30 USDT to 500 USDT and obtain 0.57% to 0.7% a day
- VIP2 – make investments 500 to 3000 USDT, recruit 5 affiliate traders and obtain 0.56% to 0.66% a day
- VIP3 – make investments 3000 USDT to 10,000 USDT, recruit ten affiliate traders and obtain 0.53% to 0.63% a day
- VIP4 – make investments 10,000 USDT to 50,000 USDT, recruit twenty affiliate traders and obtain 0.54% to 0.61% a day
- VIP5 – make investments 30,000 to 999,999 USDT, recruit thirty affiliate traders and obtain 0.53% to 0.6% a day
- VIP6 – make investments 50,000 to 999,999 USDT, recruit forty affiliate traders and obtain 0.53% to 0.58% a day
The MLM facet of COS pays on recruitment of affiliate traders.
ROI Match
COS pays a ROI Match on the day by day return paid to downline associates.
The ROI Match is paid down three ranges of recruitment (unilevel):
- degree 1 (personally recruited associates) – 21%
- degree 2 – 7%
- degree 3 – 3%
Rank Achievement Bonus
COS rewards associates who qualify for the VIP2 and better funding tiers with the next one-time Rank Achievement Bonuses:
- qualify for VIP2 and obtain 30 USDT
- qualify for VIP3 and obtain 62 USDT
- qualify for VIP4 and obtain 172 USDT
- qualify for VIP5 and obtain 272 USDT
- qualify for VIP6 and obtain 412 USDT
Becoming a member of COS
COS affiliate membership is free.
Full participation within the hooked up earnings alternative requires a minimal 30 USDT funding.
COS Conclusion
COS is yet one more “click on a button” app Ponzi scheme.
COS’ “click on a button” Ponzi ruse is quantitative buying and selling:
The introduced ruse is COS associates log in and click on a button (the extra invested the extra the button must be clicked):
Clicking the button purportedly generates income through quantitative buying and selling, which for some motive COS shares a proportion with its affiliate traders.
If that is unnecessary it’s as a result of it doesn’t. Randoms clicking a button in an app doesn’t set off quantitative buying and selling.
In actuality clicking a button inside COS does nothing. All COS is doing is recycling newly invested funds to pay earlier traders.
COS is a part of a bunch of “click on a button” app Ponzis which have emerged since late 2021.
Examples of already collapsed “click on a button” app Ponzis utilizing the identical quantitative buying and selling ruse embody Hrai and Aeonit.
Together with COS, BehindMLM has to this point documented seventy-one “click on a button” app Ponzis. Most of them final a couple of weeks to a couple months earlier than collapsing.
“Click on a button” app Ponzis disappear by disabling each their web sites and app. This tends to occur with out discover, leaving nearly all of traders with a loss (inevitable Ponzi math).
The identical group of Chinese language scammers are believed to be behind the “click on a button” app Ponzi plague.