Artmind Commerce fails to offer possession or govt info on its web site.
Artmind Commerce’s web site area (“artmind.commerce”), was registered in November 2022. The non-public registration was final up to date on Might 14th, 2023.
Artmind Commerce’s official FaceBook group was created in February 2023. The corporate’s official Telegram group nonetheless was solely created in December 2023.
On December nineteenth, 2023, Artmind Commerce introduced a pre-launch of merchandise:
This implies that Artmind Commerce has already collapsed and been rebooted not less than as soon as.
In an try to seem legit, Artmind Commerce represents it’s registered as a shell firm in Canada. A company deal with in Ontario can also be offered.
The deal with corresponds to an organization providing rentable workplace house.
It’s unlikely Artmind Commerce is predicated out of or has something to do with Canada.
As all the time, if an MLM firm isn’t overtly upfront about who’s working or owns it, suppose lengthy and onerous about becoming a member of and/or handing over any cash.
Artmind Commerce’s Merchandise
Artmind Commerce has no retailable services or products.
Associates are solely capable of market Artmind Commerce affiliate membership itself.
Artmind Commerce’s Compensation Plan
Artmind Commerce associates make investments USD equivalents in cryptocurrency. That is accomplished on the promise of an marketed each day return.
- make investments $100 to $10,000 and obtain 0.35% a day
- make investments $10,000 to $30,000 and obtain 0.55% a day
Artmind Commerce pays returns for 98 days, after which 40% of the initially invested quantity can also be paid out.
Artmind Commerce pays a ROI match through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel group, with each personally recruited affiliate positioned instantly underneath them (degree 1):
If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel group.
If any degree 2 associates recruit new associates, they’re positioned on degree 3 and so forth and so forth down a theoretical infinite variety of ranges.
Artmind Commerce caps the ROI match at 4 unilevel group ranges:
- degree 1 (personally recruited associates) – 9.6% match
- degree 2 – 5.9% match
- degree 3 – 3.7% match
- degree 4 – 1.8% match
Becoming a member of Artmind Commerce
Artmind Commerce affiliate membership is free.
Full participation within the hooked up earnings alternative requires a minimal $100 funding.
Artmind Commerce solicits funding in varied cryptocurrencies.
Artmind Commerce Conclusion
Artmind Commerce represents it generates exterior income through “buying and selling algorithms” that supply “totally automated administration with a winrate of over 85%”.
No verifiable proof of Artmind Commerce producing exterior income of any type is offered.
Moreover, Artmind Commerce’s enterprise mannequin fails the Ponzi logic check.
If Artmind Commerce was capable of legitimately generate as much as 0.55% a day by way of automated buying and selling, what do they want your cash for?
Because it stands the one verifiable income coming into Artmind Commerce is new funding.
Utilizing new funding to pay affiliate withdrawals would make Artmind Commerce a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
It will starve Artmind Commerce of ROI income, finally prompting a collapse.
The maths behind Ponzi schemes ensures that after they collapse, the vast majority of members lose cash.