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Old School Queue Gifting With Bitcoin?
When you're talking about a company like Crypto Lover it's a bit different then a company such as Vasayo that has a real physical products that you can actually hold on your hands. Lets dig a bit and see what this is all about!
Crypto Lover Review
There is absolutely no information whatsoever on the Crypto Lover website signifying who owns or runs the company.
The Crypto Lover website domain, cryptolover.com, was privately registered on November 5th, 2016.
Note: The Crypto Lover website is hosted on the same private server as Fundising, Matrix Million and a number of other schemes.
Fundising is a cash gifting scheme which was launched in August of this year. Alexa traffic estimates for the Fundising website suggests that the scheme started to collapse in October.
Maybe not so coincidentally, Matrix Million is a Ponzi cycler launched in October. Alexa traffic estimates for the Matrix Million website show a fall out this month, more than likely encouraging the launch of Crypto Lover.
If an MLM company is not willingly truthful about who is running or owns it, think long and hard about joining and/or handing over any money.
Crypto Lover Product Line
Crypto Lover has absolutely no retailable products or services, with affiliates only capable of marketing Crypto Love affiliate membership itself.
Crypto Lover Compensation Plan
Crypto Lover affiliates sign up and gift 0.003 BTC to 6 affiliates on a list which is provided.
This list is a centralized uni-level compensation assembly, upheld by Crypto Lover.
When a new Crypto Lover gifts 0.003 BTC to each of the 6 affiliates on their list, and those payments have been verified, Crypto Lover bumps the affiliate at the top of the list off.
The other 5 affiliates in the list all move up 1 spot and the new affiliate is added to the bottom of the list.
This new list is then sent out to newly recruited Crypto Lover affiliates as they join.
A Crypto Lover affiliate continues to receive 0.003 BTC from newly recruited affiliates over 6 generations of recruitment.
How much to join Crypto?
Crypto Lover affiliate membership is completed by a 0.003 BTC payment to 6 existing affiliates (.018 BTC in total).
Bottom Line?
The Crypto Lover website is filled with inconsistencies.
For instance, the company’s own description of its compensation plan goes like this:
“You join a programme to earn money. Then, you pay to Admin but most of the times the Admin runs away with your all hard earned money but here your money is secure as you are not paying to Admin but you are paying member to member.”
Then just a few paragraphs down on the same page you see this:
“First you need to send BTC for 0.003 BTC each of the 6 members to the addresses mentioned below.”
“Step 2 The first 2 bitcoin addresses are the Administrators.”
Really? Yeah, basically, just like every other cash gifting scam out there, Crypto Lover’s unidentified admin will receive the most funds.
They then go on to say:
“This is not a MLM or Money chain program. First of all, This system is 100% legal and 1000% successful. It is not a Scam or Fraud way of making Money.”
Crypto Lover – Our Conclusion
Listen, cash gifting is illegal everywhere in the world.
Crypto Lover’s method of scamming people combines the old-school chain letter queue system with bitcoin.
Aside from the use of cryptocurrency, it’s the same pyramid junk that has been going on for decades.
And again, as with all cash gifting schemes, once recruitment of new participants dies, payments all through the scheme will also.
This will ultimately prompt a company-wide collapse, causing the mainstream of Crypto Lover affiliates to lose their money.
Aaron and Shara What Do You Suggest?
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