CryptoBuzz Corporation Review – Legit Company or Just Another Scam?
Welcome to my CryptoBuzz Corporation Review!
Are you thinking about joining this business venture and now you’re here to make sure the company is actually legit?
I don’t want to make any assumption, but chances are someone approached you in person or through social media about this company…
Well it’s a good thing you decided to do your research before you kicked it into high gear!
It can be very hard to assess which online businesses are legit and which are total scams.
This often results in good people getting burnt, because the business opportunity ended up being a scam…
But the good news is that you’re here doing your research!
So, in this post I am going to take you through the company, products and compensation plan so you can make the right decision for you and your money…
Let’s get down to business!
CryptoBuzz Corporation Review – The Company
When visiting the company’s website, you will find that there is no information posted online about who the owners or operators of the company are.
After some digging around, I was able to find that the CryptoBuzz Corporation website domain was registered privately as “cryptobuzz.win” on the 25th of January in 2018.
“Investellect LTD” is the corresponding name to the incorporation number listed on the company website.
It was on the 10th of March in 2017 that Investellect LTD was incorporated in the United Kingdom.
More research showed that Investellect was a business opportunity that promoted returns of 1% to 1.4% daily.
Just as a heads up, the website domain for Investellect, found as “investellect.net” was suspended because of the faulty domain details presented on the registration.
CryptoBuzz Corporation Reviews – The Products
CryptoBuzz Corporation doesn’t have any services or products for affiliates to sell for retail or to purchase.
But anyone wanting to sign up as an affiliate with CryptoBuzz Corporation can market the company affiliate membership.
The CryptoBuzz Corporation Compensation Plan
Affiliates looking to take part in the company compensation plan must sign up and invest into the company.
Company affiliates are to invest capital (funds) with the agreement of a promoted ROI earned on an hourly basis:
- Standard – Invest $10 to $50,000 and receive a 30% hourly ROI for 6 hours
- Professional – Invest $25 to $50,000 and receive a 40% hourly ROI for 6 hours
- Hot – Invest $50 to $50,000 and receive a 60% ROI for 6 hours
- Excellent – Invest $100 to $50,000 and receive an 80% hourly ROI for 6 hours
- VIP – Invest $150 to $50,000 and receive a 110% hourly ROI for 6 hours
- VIP+ – Invest $200 to $50,000 and receive a 150% hourly ROI hourly for 6 hours
The company uses a unilevel compensation model to pay out referral commissions to its affiliates.
The unilevel compensation model puts an affiliate at the top of a unilevel team, with any personally sponsored affiliate placed on level 1 right underneath the original affiliate.
When a level 1 affiliate sponsors new affiliates, they are then put onto level 2 of the original affiliate’s unilevel team.
When a level 2 affiliate sponsors new affiliates, they are then placed onto level 3, and levels continue to be created like this down as many levels as are needed.
Payable unilevel levels are capped at Level 4, where commissions that are paid out will be done so as a percentage of capital (funds) invested among those 4 levels:
- Level 1 (personally sponsored affiliates) – 12%
- Level 2 – 2%
- Levels 3 and 4 – 1%
Cost To Join CryptoBuzz Corporation
The cost to join CryptoBuzz as an affiliate is free, although those affiliates with the free membership can only earn commissions on referrals.
If affiliates would like to fully participate in the company and income opportunity, they must invest a minimum of $10.
Verdict of CryptoBuzz Coporation
Great news, we’re at the end of my review and as a last thought, I’d like to offer you my final opinion on the company…
I do not think this company is 100% legit, and here’s why…
The company makes claims of being an old player for this particular game, “an investment fund which has been in business since 2015 and achieved excellent results,” but this is flat out lie, considering the Investellect LTD was only incorporated last year.
“Our goal is to achieve the highest return from the activity on the foreign currency exchange (Forex) and Cryptocurrency exchange markets.
The investment portfolio is managed by a team of experienced financial specialists, of lawyers, professional trade analysts who have been working on the currency exchange market for more than 15 years on average.”
Okay, so say they do have these experienced workers in their corner, there is still no proof of any actual forex or cryptocurrency trading going on.
When it comes right down to it, this company fails logic itself…
If the owners of the company were able to make 150% ROI in just an hour, why are they wasting their time asking for money from people on the internet?
The fact is, this company only has a single source of money entering the company, and that source is new affiliate investment.
This company is then taking that new money and turning it over to prior affiliates, pretending that it’s money the company earned honestly through efficient trades, but that’s definitely not the fact.
Doing this makes the company a Ponzi scam for anyone who participates.
And when Ponzi scams see a slow down in new affiliate sponsorship, they will also see less money available to payout affiliates their owed ROI.
This lack of signing up will create a slump that the company will not be able to get out of, therefore prompting the closure of the company to follow.
My advice? Be careful with this company as you are likely to lose your investment…
I hope you enjoyed my CryptoBuzz review and if you have any questions, please leave them in the comments below…
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