Crypto Fans fails to offer verifiable possession or government info on its web site.
Crypto Fans’ web site area (“itenthusiasts.com”), was first registered in September 2018. The non-public registration was final up to date on Might thirty first, 2024.
The Wayback Machine suggests Crypto Fans web site went someday round early June 2024.
Regardless of solely current for a number of months, on its web site Crypto Fans falsely claims it, as Cryptophiliac LLC, was “based in 2018”.
Cryptophiliac LLC seems to be a Florida firm registered in 2018. Predating Crypto Fans by six years, it clearly has nothing to do with the corporate.
Nonetheless, Crypto Fans once more falsely cites Cryptophiliac LLC’s registered agent as its personal CEO.
Pushed by a shared imaginative and prescient to democratize blockchain applied sciences, Giletti, John have [sic] assembled a staff of like-minded folks dedicated to pushing the boundaries of innovation.
Grammatical errors on Crypto Fans’ web site counsel the corporate is run by a non-native English speaker.
In Crypto Fans web site source-code, we discover a reference to “marmining.com”:
We additionally discover Chinese language:
Mar Mining is an MLM crypto Ponzi pitching as much as $10,000 a day on $500,000 investments.
It appears Chinese language scammers flogging a script backend throughout a number of Ponzi schemes are behind Crypto Fans.
As at all times, if an MLM firm isn’t brazenly upfront about who’s working or owns it, suppose lengthy and onerous about becoming a member of and/or handing over any cash.
Crypto Fans’ Merchandise
Crypto Fans has no retailable services or products.
Associates are solely in a position to market Crypto Fans affiliate membership itself.
Crypto Fans’ Compensation Plan
Crypto Fans make investments tether (USDT). That is carried out on the promise of marketed passive returns:
- Free Trial – make investments 100 USDT and obtain 0.5 USDT over 24 hours
- Ethereum Liquidity Staking – make investments 120 USDT and obtain 1.8 USDT each day for two days
- Toncoin Liquidity Staking – make investments 300 USDT and obtain 3.54 USDT each day for 3 days
- VeChain Liquidity Staking – make investments 500 USDT and obtain 6 USDT each day for 3 days
- Cosmos Liquidity Staking – make investments 1200 USDT and obtain 15 USDT each day for 7 days
- Hedera Liquidity Staking – make investments 3000 USDT and obtain 39 USDT each day for 7 days
- Solana Staking Plan – make investments 3000 USDT and obtain 42 USDT each day for 3 days
- NEAR Protocol Liquidity Staking – make investments 6000 USDT and obtain 81 USDT each day for 14 days
- Cardano Liquidity Staking – make investments 10,000 USDT and obtain 140 USDT each day for 15 days
- BNB Staking Plan – make investments 10,000 USDT and obtain 150 USDT each day for 7 days
- Polygon Liquidity Staking – make investments 20,000 USDT and obtain 290 USDT each day for 15 days
- TRON Liquidity Staking – make investments 35,000 USDT and obtain 525 USDT each day for 20 days
- Avalanche Liquidity Staking – make investments 78,000 USDT and obtain 1404 USDT each day for 30 days
The MLM facet of Crypto Fans pays on recruitment of affiliate traders.
Referral Commissions
Crypto Fans pays referral commissions on invested USDT down two ranges of recruitment (unilevel):
- degree 1 (personally recruited associates) – 3%
- degree 2 – 1.5%
Recruitment Bonuses
Crypto Fans rewards associates who recruit with the next bonuses:
- recruit and preserve ten energetic affiliate traders and obtain 500 USDT a month
- recruit and preserve thirty energetic affiliate traders and obtain 1500 USDT a month
- recruit and preserve fifty energetic affiliate traders and obtain 5000 USDT a month
- recruit and preserve 100 energetic affiliate traders and obtain 10,000 USDT a month
- recruit and preserve 2 hundred energetic affiliate traders and obtain 20,000 USDT a month
Becoming a member of Crypto Fans
Crypto Fans affiliate membership is free.
Full participation within the hooked up earnings alternative requires a minimal 100 USDT funding.
Crypto Fans Conclusion
Regardless of solely current for a number of months, Crypto Fans claims it’s “the world’s main cryptocurrency staking platform.”
Placing apart the apparent lie, “staking” is crypto jargon for “Ponzi scheme”.
The premise of “staking” is cryptocurrency in invested on the promise of a passive return. Stated return is usually paid within the token invested, generated out of skinny air or recycled from new funding.
If its a shit token generated out of skinny air, the goal is to money out the shit token for subsequently invested precise cash. It is a Ponzi scheme.
If precise cash is paid out, it is a easier Ponzi scheme.
Crypto Fans is the latter. Though it’s funding tiers are named after numerous cryptocurrencies, Crypto Fans is a straightforward “tether in, tether out” Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
It will starve Crypto Fans of ROI income, ultimately prompting a collapse.
The maths behind Ponzi schemes ensures that after they collapse, nearly all of members lose cash.