Cryptex’s website does not include ownership or executive credentials.
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In August 2020, Cryptex’s webpage address namely cryptex.to was legally registered. Based on its website source code, Cryptex looks to have been built around June 2021.
According to SimilarWeb, the leading sources of internet traffic to Cryptex’s webpage are Germany at 82%, El Salvador at 8%, & Martinique at 3%.
Not entirely conclusive, the proportion of visits from German shows that whoever is controlling Cryptex has connections to Germany.
It’s interesting to note that, notwithstanding its domains growing older, Cryptex stayed dormant till the beginning of 2023.
Always remember that if a multilevel marketing firm fails to be honest regarding who runs or controls it, consider twice before enrolling as well as turning over any of your cash.
Products by Cryptex
Cryptex offers no retailable merchandise or services.
Affiliates can promote Cryptex associate subscriptions.
Cryptex’s Compensation Scheme
It seeks investments in Bitcoin of one hundred dollars.
This occurs in exchange for a guarantee of promised returns the following results:
|3 Years||$100||ROI daily for 36 months|
|5 Years||$100||ROI for 60 months|
|7 Years||$100||ROI daily for 84 months|
Members of the company may participate in multiple hundred dollars shares at every level.
It’s worth noting that Cryptex retains an affiliate’s first hundred dollars payment as a managing charge.
Cryptex’s MLM business is based on its attraction of associate partners.
Cryptex pays commissions for referrals through a one-level incentive scheme.
In a unilevel remuneration system, a partner is put at the highest position of a unilevel group, with each newly hired associate positioned right beneath themselves at level 1:
Contract for three years of investment
- level 1 – Thirty percent
- levels 2 to 4 – Five percent
- Levels 5 and 6 – Four percent
- Levels 7 to 10 – Three percent
Contracts for between five and seven years of investment
- Level 1- Fifty percent
- Level 2- Ten percent
- Level 3- Five percent
Cryptex generates additional revenue through a similar unilevel team that pays referral commissions.
Cryptex provides residual fees on up to twenty tiers, however, referral commissions are limited to ten unilevel team tiers.
Residual commissions are paid to unilevel team colleagues as a percentage of their daily return on investment, as follows:
- Level 1- Eight percent
- Levels 2 to 4- Five percent
- Levels 5 to 8- Four percent
- Levels 9 to 12- Three percent
- Levels 13 to 16- Two percent
- Levels 17 to 20- One percent
It is important to keep in mind that residual commissions will be paid out after an investment contract has been completed for three, five, or seven years.
Participating in the MLM Scheme
Their affiliation is completely free.
A hundred dollars commitment is required to fully participate in the linked income potential.
Cryptex is looking for investors in several cryptocurrencies.
Despite being a standard smart-contract Ponzi fraud, Cryptex claims to be the first of such schemes globally.
Smart-contact MLM crypto Ponzis existed before the NFT swindle. MLM cryptocurrency Ponzis can continue to employ contract technology, but the notion that it is something novel is obsolete.
Cryptex employs the staking Ponzi scam. Associates who make investments in cryptocurrencies, plus Cryptex displays monopolistic currency staking profits within its back office.
Losses are financed by bitcoin that has been previously put into it, which works until losses eventually exceed the amount for additional expenditure.
As an MLM crypto Ponzi plan, this is going to correspond with the decline of Cryptex associate recruiting.
Cryptex’s investment strategy is classified as a service transaction by the Securities and Exchange Commission.
Germany is Cryptex’s key shareholder market. BaFin regulates stocks in German.
Cryptex does not indicate that it has filed the securities it is a transaction with BaFin, implying that the business is engaging in securities fraud and conducting business unlawfully at the very least.
Cryptex claims that its three-year investment schemes are “being sold out.”
I believe that such positions are owned by Cryptex’s administration along with the initial German fraudsters.
It’s essentially banking on idiots that will sign up for Cryptex’s 5- & 7-year plans to support their theft of data.
The logic of these Ponzi schemes ensures that whenever they eventually fail, a great deal of participants forfeit cash.
What is a Ponzi Scam?
A fraudulent scheme is a type of financial scam in which current investors are paid using monies gathered from prospective investors. Designers of fraudulent investments frequently offer to invest their cash and earn enormous profits with no or little danger.
However, those involved in many Ponzi-like schemes refrain from investing the funds they receive. Rather, marketers utilize the money to repay people who invested before and may keep part for themself.
Scams such as Ponzi schemes require an ongoing supply of fresh cash to survive since they have no or little real revenue.
Such investments tend to fail when it gets difficult to recruit fresh investors or whenever a big proportion of current shareholders payout.
The Ponzi schemes have been designated after Charles Ponzi, who defrauded shareholders with a stamp-speculating scam in the early twentieth century.
Are Ponzi fraudulent schemes authorized?
Ponzi schemes are illegal. They are a type of investment fraud & an illegal act. Ponzi programs contravene commodities rules and regulations including prohibiting fraud in the securities industry and necessitating the registration of commodities offerings.
The Securities and Exchange Commission is the primary federal agency in the United States in charge of implementing financial rules and regulations.
People and companies who violate securities laws & rules, particularly those who conduct Ponzi-like schemes, could face SEC prosecution.
The Securities and Exchange Commission has the authority to start civil compliance processes to obtain financial penalties along with additional treatments, as well as send criminal cases to the Ministry of Defense for investigation.
In addition, state regulators of securities possess the authority to file charges against fraudulent scheme perpetrators and bring prosecutions over individuals.
As a result, Madoff’s vast Ponzi scheme necessitated increased investigation among regulatory agencies and consumers. People believed Madoff had been engaging in similar behavior, but SEC inspectors concluded anything was incorrect. Bernie Madoff had significant influence & was well-trusted, attracting an increasing number of clients. Greed and confidence allowed the ruse to continue for a long time.
It’s obvious that the company we discussed above might be an MLM scheme as well.
Due to these reasons, you should be extremely careful when dealing with them. In fact, I would advise against dealing with them.
There are plenty of ways to make money online.