Cryptech fails to supply possession or government data on its web site.
Cryptech’s web site area (“cryptech.prime”), was privately registered on August 4th, 2023.
If we take a look at the source-code of Cryptech’s web site, we discover a reference to Script Wizard:
Script Wizard is run by Russians and promote Ponzi scripts and web site templates.
Though not definitive, this means Russians are behind Cryptech.
Additional supporting that is the Financial institution of Russia issuing a Cryptech “monetary pyramid” fraud warning on August twenty third, 2023.
As all the time, if an MLM firm is just not brazenly upfront about who’s operating or owns it, assume lengthy and arduous about becoming a member of and/or handing over any cash.
Cryptech’s Merchandise
Cryptech has no retailable services or products.
Associates are solely capable of market Cryptech affiliate membership itself.
Cryptech’s Compensation Plan
Cryptech associates make investments USD equivalents in cryptocurrency.
That is executed on the promise of marketed returns:
- make investments $10 to $50,000 and obtain 114% over 24 hours
- make investments $100 to $50,000 and obtain 122% over 24 hours
- make investments $300 to $50,000 and obtain 133% over 24 hours
- make investments $500 to $50,000 and obtain 150% over 24 hours
- make investments $1000 to $50,000 and obtain 200% over 24 hours
- make investments $5000 to $50,000 and obtain 300% over 24 hours
Cryptech pays referral commissions through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel workforce, with each personally recruited affiliate positioned straight beneath them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel workforce.
If any stage 2 associates recruit new associates, they’re positioned on stage 3 and so forth and so forth down a theoretical infinite variety of ranges.
Cryptech caps payable unilevel workforce ranges at 4.
Referral commissions are paid out as a share of invested cryptocurrency throughout these 4 ranges as follows:
- stage 1 (personally recruited associates) – 6%
- stage 2 – 2%
- ranges 3 and 4 – 1%
Becoming a member of Cryptech
Cryptech affiliate membership is free.
Full participation within the hooked up revenue alternative requires a minimal $10 funding.
Cryptech solicits funding in numerous cryptocurrencies.
Cryptech Conclusion
Cryptech represents it generates exterior income through “cloud mining”.
Even should you ignore Cryptech is a bought “Ponzi in a field” from Script Wizard, its enterprise mannequin fails the Ponzi logic take a look at.
300% each 24 hours is clearly insane when hooked up to any ruse.
If Cryptech have been actually capable of legitimately generate 300% each 24 hours by means of cloud mining, what do they want your cash for?
Because it stands, the one verifiable income coming into Cryptech is new funding.
Utilizing new funding to pay affiliate withdrawals would make Cryptech a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
It will starve Cryptech of ROI income, ultimately prompting a collapse.
The maths behind Ponzi schemes ensures that after they collapse, nearly all of contributors lose cash.