Thank you for taking the time to read our Titus Community review. Be sure to know every bit about cryptocurrency on our review page. It's very important to be sure on what business you get into.
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Titus Community Review
Headed by CEO of Titus Community Maxim Moneta, it operates in the cryptocurrency niche.
According to the corporate bio of Moneta in Titus Community, he hails from Ukraine.
However, for the past five years Moneta has lived in Stockholm, Sweden, where he was involved in many startup IT projects.
Seemingly, Titus Community is not managed from Sweden. However, the company seems to have companies in multiple European jurisdictions.
The operating company in the Titus sphere is Titus Community.
Both the community and networking model is important in the generation of various distributors able to connect online and offline merchants to the world of Titus Coin.
The connected companies will join the loyalty program of Titus Community and offer many discounts and cash backs.
Titus Community Ltd is operated by the 30% of the profits from these services and profits are advanced to the Titus Invest Ltd.
Titus Invest Ltd is registered in Malta and holds the Intellectual Properties and 100% of the Titus Community Ltd shares.
Maddox Business Services Ltd in London, UK owns 90% of Titus Invest Ltd and the remaining 10% is shared with VIP Coin Sparkassa Financial union.
VIP Coin Sparkassa, a Swedish Financial Union, is controlled by the Swedish Financial Inspection according to the law (2004:296).
It seems too extreme for an MLM company.
Fennas Finance
The mention of Fennas Finance is noteworthy and Titus Community cites,
It is an external service appointed by Titus Community and Titus Invest in order to deliver sales activities, compliance services, payment services, and operational functions.
Fennas Finance was first seen in the year 2015. It appeared as a part of the ponzi scheme of the Ichon Sachs Ltd.
Since the ownership of Ichon Sachs Ltd is also unknown, probably Fennas Finance was a suspicious payment processor run by anonymous persons.
Also, things get murky as Elena Anguelova Chipkovenska, Henning Witte, and Tor Anders Petteroe are listed as board members according to Swedish incorporation records for VIP Coin Sparkassa.
Tor Andres is the Towah Group’s CEO, a man responsible for loss of millions of dollars in ponzi scheme in the past.
Recently, Harald Ekker, the owner of Towah launched Crowbridge Global, his own ponzi scheme.
An investigation into the Towah Group was opened in 2013 by Norway’s FSA. However, it seems like no action was taken against the owner. Ekker and Petteroe still remain.
There is no clue as to who Anguelova is but she is the Russian/Ukrainian connection between Fennas Finance and Towah.
In Swedish, Moderbolag means parent company. It means Anders is the owner of Fennas Finance and it points out that he was also the man behind Ichon Sachs Ltd.
This appears as a crucial link as VIP Coin Sparkassa is behind the sale of Titus Coins to the affiliates of Titus Community.
As stated, VIP Coin Sparkassa was granted 200 million Titus coins. The coins were to be sold the Titus Community members.
In other words, Anders controls all the money coming in and going out of Titus Community.
The remaining things are for mere show.
It reveals why the corporate structure of Titus Community appears like an organized crime organization instead of a legitimate MLM company.
Read further to know about the MLM opportunity of Titus Community.
Products of Titus Community
No retail products or services are offered by Titus Community. The affiliates are only able to market the affiliate membership of Titus Community.
Compensation Plan of Titus Community
The affiliates of Titus Community signs up and invest in Titus Coins.
- Ambassador JR: Invests €200 to get 200 Titus Coins.
- Ambassador: Invests €1000 to get 1000 Titus Coins.
As the affiliates of Titus Community employ others who make investment, commissions are paid.
The recruitment commissions are paid down to 2 levels of recruitment using a unilevel structure.
- Level 1 (personally employed affiliates): A commission of 15% on invested funds.
- Level 2: A commission of 10% on invested funds.
The affiliates of Titus Community who invest at the Ambassador level also taks part in the Titan Ambassador Pool.
15% of company-wide invested funds build Titan the Ambassador Pool which is divided among all the affiliates of Titus Ambassador level.
Titus Community Membership
The membership plans of Titus Community are as follows:
- Ambassador JR position: €200
- Ambassador position: €1000
Income potential through the compensation plan of Titus Community is the main difference between the two positions.
To Wind Up
Though Titus Coin is marked with the typical cliché, ‘we are better than bitcoin,’ it is not currently publicly tradeable.
According to the short introduction of Titus Coin marketing material of Titus Community,
Titus Coin is mentioned as a digital currency which can be transacted instantly.
Titus Community aim to introduce a merchant network through which the affiliates will be able to use Titus Coins.
However, the harsh truth is, no legitimate merchant will accept ponzi points introduced by serial scammers.
The affiliates of Titus Community are sold Titus Coins by Towah Group at a rate of €1 per coin.
As claimed by Titus Community,
As the number of merchants who are affiliated expand, there will be an increase in the use of Titus Coins.
The coin value will increase with increased use of coin, but it will also lead to the increase of bonuses paid to the members.
In theory it sounds nice. But who will attach their legitimate business to ponzi points?
In the future, Titus Coin might go public which will push the value of coin higher.
Nevertheless, with affiliates as the only interested parties, Titus Coin will eventually see its downfall like every MLM ponzi scheme.
Towah Group is selling the affiliates of Titus Community a dream.
The company accepts real cash for valueless points on the promise of future value and offers the commissions of investors to employ fresh investors.
It is a new opportunity but it is more or less the same with Petteroe and the Towah Group swindlers.
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