Hey Folks – Jason Foster here and thank you SO much for stopping by to check out my FULL CryptoFundz Review!
Recently, CryptoFundz company has generated a lot of buzz online, especially on social media.
You have probably met one of their affiliates trying to pitch you about this business online.
And perhaps you are here because you want to find out whether this company is legit or a scam.
As far as MLM business is concerned, it is important that you do your research before you decide to join any business.
I have done the hard work for you 🙂
So let’s look at the CryptoFundz company so that you can judge for yourself whether this company is worth investing in or not…
Also, feel free to take a serious look at affiliate marketing if you are looking for a legitimate way to profit online.
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So, What is CryptoFundz?
I checked the company website for details about the company but was disappointed to find there was no information whatsoever regarding the company owner, when it started or where it is located.
All that the website show is that it was registered under the domain “cryptofundz.com” on May 15, 2017.
The owner is identified as Ann E. Coleman with an address in North Carolina listed on the website.
However, there was no information about Anne E. Coleman that linked her to CryptoFundz.
The only person who is linked to CryptoFundz is one Atif Sohail, who runs the company’s Facebook group as an admin.
A further look at Mr. Sohail shows his location is in Dubai in the United Arab Emirates.
When I did some further checks, I see that he has been involved in other MLM opportunities, including MMM India, Coin Leaders, The Ads Team, Worldwide Earnings among others.
From what I can see is that it is likely that Mr. Sohail is the owner of CryptoFundz.
On the other hand, there is no evidence to show that Ms. Coleman, who is represented on the company’s domain registration actually exists.
What are their products?
As far as products are concerned, this company has no retail goods or services that are marketed to consumers.
This raises more questions than answers to people looking to join the company.
Hence, unlike other MLM businesses, there is no retail sales activity related to CryptoFundz company.
Could this be a red flag?
CryptoFundz affiliates only get to market the company’s affiliate membership to people they want to recruit.
What about CryptoFundz compensation plan?
Affiliates who join the CryptoFundz business are able to earn an ROI every day depending on the plan they choose.
When you first join the company, there are 4 plans that new affiliates can choose to invest in:
· Plan 1 – affiliates can invest from $10 to $99 so that they can earn a 5% ROI every day for 30 days.
· Plan 2 – affiliates can invest from $100 to $500 so that they can earn a 4.86% ROI every day for 35 days.
· Plan 3 – affiliates can invest from $501 to $10,000 so that they can earn a 5% ROI every day for 40 days.
· Plan 4 – affiliates can invest from $500 to $250,000 so that they can earn a 3.5% ROI every day for 30 days.
In addition to ROI earnings, affiliates can also earn a referral commission, which is payable 4 levels on a downline.
The uni-level payment is as follows:
· Level 1 affiliates you personally sponsor earns you a 15% commission.
· Level 2, 3 and 4 earns you a 5% commission.
What is the cost of joining CryptoFundz?
If you are looking to join CryptoFundz business as an affiliate, you will be required to invest between $10 and $250,000.
The higher you invest in the compensation plan the higher your earning potential.
Is CryptoFundz a legit business or a scam?
Being a new MLM business only launched recently, people are skeptical on whether CryptoFundz is legit or not.
But why not?
If you are going to invest your hard earned money you need to be sure that the business you are about to get into is going to earn you money and not the other way round.
CryptoFundz promises people that they can earn good ROI when they invest in the business.
However, for you to earn a good commission you have to keep recruiting new affiliates.
The problem is that if the hype about CryptoFundz is over, it will become harder to recruit new people in the future.
And with no retail profits to depend on, it might be difficult to make enough income as a CryptoFundz associate which can sustain your lifestyle.
Also, CryptoFundz claims that ROIs are made through investing and trading in Bitcoins but there is no evidence to show that such activity actually takes place.
Therefore, there is a big chance that the funds associates use to invest in the company are the same one that is used to pay them.
Hence, CryptoFundz is a Ponzi scheme.
Before investors realize what is going on, Mr. Sohail will gather the money he has made and disappears.
Whether CryptoFundz is legit or a scam, to avoid falling victim to the Ponzi scheme, you should approach this business with extreme caution.
I hope that you found my CryptoFundz Review helpful and if you have any questions please leave them in the comments section.
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To your Success,
Jason (Founder) How To Stay Safe On The Net