CryptOnion Review – Legit Business or Just Another Scam?
Welcome to my CryptOnion Review!
I’d have to say it seems like there are new MLM businesses bursting onto the online scene every single day….
So how can you possibly tell which one is the best one for you and your lifestyle?
Research, research, and guess what…more research.
Read and learn everything you can about the company before jumping in!
My review will delve into the company background and tell you some of its history, the products they offer and the compensation plan you can expect.
So, without any delays…
Let’s get to it!
CryptOnion Review – The Company
According to the CryptOnion website, they are a UK based company that is into cryptocurrency …
After a little digging I found that the CryptOnion website domain was registered privately as “cryptonion.io” on the 24th of July in 2017.
Incorporated on the 31st of July in 2017, you can find the UK incorporation number for “CryptOnion Limited” on their website.
When you visit the company website, you will find that there is no info available on the administrators of the business; this includes nothing on the owners or the operators.
I noticed that the recent Ecovill Nature business opportunity used the same Bristol address to incorporate the company.
It is well known among business opportunists that a UK incorporation is an inexpensive and easy way to get companies incorporated.
CryptoOnion Reviews – The Products
CryptOnion doesn’t have any products or services for affiliates to purchase or sell.
Affiliates looking to sign up with CryptOnion can only market the company affiliate membership.
The CryptOnion Compensation Plan
Affiliates looking to take part in the company compensation plan are required to sign up and invest into the company.
Company affiliates are to invest capital (funds) with the agreement of a promoted ROI:
- Invest $10 to $199 and receive a 250% ROI after 200 days
- Invest $200 to $1499 and receive a $297% ROI after 220 days
- Invest $1500 to $9999 and receive a 348% ROI after 240 days
- Invest $10,000 to $20,000 and receive a 403% ROI after 260 days
The company uses a unilevel compensation model to pay out referral commissions to its affiliates.
This type of compensation model puts an affiliate at the top of a unilevel team that places any personally sponsored affiliate on level 1 right below 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 a hypothetical never ending amount of levels.
Payable unilevel levels are capped at Level 11, where commissions that are paid out will be done so as a percentage of capital (funds) invested among those 11 levels:
- Level 1 (personally sponsored affiliates) – 8%
- Level 2 – 7.2%
- Level 3 – 6.4%
- Level 4 – 5.6%
- Level 5 – 4.8%
- Level 6 – 4%
- Level 7 – 3.2%
- Level 8 – 2.4%
- Level 9 – 1.6%
- Level 10 – 0.8%
- Level 11 – 0.4%
Cost To Join CryptOnion
The cost to join CrytptOnion 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 on CryptOnion
The company says they will achieve ROIs through trade currency, however there is no proof any cryptocurrency trades are being made, along with no proof any money being made from these trades…
Also, when we analyze this company in the simplest way, perhaps follow the money trail, it doesn’t even pass in my books.
If the company is able to offer trading of cryptocurrency at a rate of 403% per 260 days, why would they then share their secrets or profits with perfect strangers?
When we do follow the money trail that is coming into this company, we see that it’s coming from a source that will eventually dry out once people stop joining up….
Yep that’s right, its coming from newly sponsored affiliates.
The company takes new investments from new affiliates, and in turn uses that money to pay the promoted ROI rates to pre-existing affiliates…
Here we will have a lot of promises and promotions, but no money to keep up these promises or pay outs…
My advice? Be careful with this company, as you are likely to lose your investment…
I hope you enjoyed my CrytptOnion review and if you have any questions, please leave them in the comments below…
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