CryptoGold-Is It Legit Or A Scam?

Welcome to my Cryptogold Review. There has been some vibe about this company called Crytogold so I decided to find out what the company was all about and do some research on the company.

You are probably here because you have heard of Cryptogold and what to find out if it is a legit company or a scam.

Here is a detailed review on the company Cryptogold and I would walk you through the Cryptogold company,the compensation plan,the products and the verdict.

 CryptoGold Review – The Company

 

The CryptoGold website does not offer any information about who owns or operates the business.

The company website domain was registered as “krypto-gold.com” on the 29th of July, 2016.

Michael Bauer, out of Cologne, Germany is listed as the owner.

CryptoGold has a second website set up as “cryptogold.de” with an address in Dubai, where Sascha Senft is credited as an additional Director of the company.

The company’s website doesn’t disclose any background info, meaning that I’m left scratching my head trying to figure out who owns the company, where it’s being run out of, etc.

Despite this, I was able to find some info via the domain registration for CryptoGold’s website.

The domain  was registered on July 29, 2016, the owner is named as Michael Bauer, and an address in Cologne, Germany is listed.

 CryptoGold Review – The Products

CryptoGold does not have any retail products or services.

Affiliates who sign up with CryptoGold can only market the affiliate membership.

CryptoGold isn’t selling any goods or services to retail customers.

Affiliates for CryptoGold have only the affiliate membership to offer to people, and this means that recruitment is the only thing they have to pursue.

 The CryptoGold Compensation Plan

CryptoGold affiliates wanting to participate in the compensation plan must invest in $50, $100 or $500 shares for a daily ROI.

Paid in bitcoin, this daily ROI fluctuates from day-to-day.

Referral commissions are earned and paid on downline investment, through a combination of direct and residual models.

Affiliate Ranks

There are 5 affiliate ranks within the company compensation plan.

Each rank has its own respective qualification criteria, which is as follows:

·         Silver – Sign up and invest at least $500

·         Gold – Sponsor at least 5 Silver affiliates who have each sponsored at least 2 Silver affiliates and have a total downline investment volume of at least $10,000

·         Platinum – Sponsor at least 3 Gold affiliates and have a total downline investment volume of at least $50,000

·         Diamond – Sponsor at least 2 Platinum affiliates and have a total downline investment volume of at least $200,000 ($50,000 a month minimum to maintain Diamond rank)

·         White Diamond – Sponsor at least 2 Diamond affiliates and have a total downline investment volume of at least $1,500,000 ($200,000 a month minimum to maintain White Diamond rank)

It should be noted that no more than 50% of required volume can come from any single recruitment leg.

Residual Commissions

Affiliates who have invested a minimum of $500 are paid to sponsor new affiliates who also invest.

Recruitment commissions are  earned residually through a binary compensation structure.

A binary compensation structure puts an affiliate at the top of a binary team that splits into a left and right side.

Level 1 of the binary team holds 2 positions and level 2 is created by adding another 2 positions under each of the first two, for a total of 4 positions.

Additional binary team levels are added as needed, with each new level holding twice as many positions as the level above it.

Binary team positions are filled by direct and indirect sponsorship of affiliates, with no current limit as to how deep the team can grow.

Every investment made by binary team affiliates correlates to a set number of points as follows:

·         $50 investment = 0.5 points

·         $100 investment = 1 point

·         $500 investment= 5 points

CryptoGold counts up these points that are generated on each side of the team at the end of every day.

Every time 25 points are generated and matched on both sides of the binary team, a $200 commission is earned.

Residual binary commissions are capped each day based on a the affiliate’s rank:

·         Silver – $800

·         Gold – $1000

·         Platinum – $1200

·         Diamond – $1600

·         White Diamond – $2000

Matching Bonus

Residual binary commissions that are earned by an affiliate’s downline can earn a Matching Bonus, which is paid out through a unilevel compensation structure.

This type of compensation structure puts an affiliate at the top of a unilevel team that places each personally sponsored affiliate right under them on level 1.

When a level 1 affiliate sponsors new affiliates, they are put on the 2nd level of the original affiliate’s unilevel team.

When a level 2 affiliate sponsors new affiliates, they are put on the 3rd level, and this continues on down as many levels as are needed.

CryptoGold pays a $10 Matching Bonus on each residual binary commission, which is paid out on up to 8 unilevel levels.

The amount of levels that an affiliate can earn the Matching Bonus on depends on their rank:

·         Silver – $10 Matching Bonus paid on 2 levels

·         Gold – $10 Matching Bonus paid on 4 levels

·         Platinum – $10 Matching Bonus paid on 5 levels

·         Diamond – $10 Matching Bonus paid on 7 levels

·         White Diamond – $10 Matching Bonus paid on 8 levels

For every $200 residual binary commission that is paid out, $80 is paid out up 8 levels.

Level-up Commissions

Level-up commissions are based on direct and indirect affiliate sponsorship.

Downline Team 1 is made up of the first 2 sponsored affiliates who invest.

Affiliates earn 6% on initial funds invested and 10% on follow-up investments by Downline Team 1 affiliates.

Downline Team 2 is made up of the 3rd, 4th and 5th sponsored affiliates who invest.

Affiliate earn 7% on initial funds invested and 12% on follow-up investments by Downline Team 2 affiliates.

Another 1% on initial funds invested and 2% on follow-up investments by the first 2 affiliates Downline Team 2 affiliates personally sponosr is also paid out.

The additional 1% and 2% commissions continue for the first 2 sponsored affiliates within Downline Team 2 down to infinity.

Downline Team 3 is made up of the 6th, 7th and 8th sponsored affiliates who invest.

To sum up, affiliates earn:

·         8% on initial funds invested by Downline Team 3 affiliates

·         15% on subsequent investments by Downline Team 3 affiliates

·         2% on initial funds invested by the first two affiliates Downline Team 3 affiliates personally sponsor

·         5% on subsequent investments by the first two affiliates Downline Team 3 affiliates personally sponsor

·         1% on initial funds invested by the third, fourth and fifth affiliates Downline Team 3 affiliates personally sponsor and

·         3% on subsequent investments by the third, fourth and fifth affiliates Downline Team 3 affiliates personally sponsor

The 2% and 5% commission carries on for the first 2 sponsored affiliates within Downline Team 3 down to infinity.

The 1% and 3% commission carries on for the 3rd, 4th and 5th sponsored affiliates within Downline Team 3 down to infinity.

Downline Team 4 is made up of the 9th and onward sponsored affiliates who invest.

To sum up, affiliates earn:

·         9% on initial funds invested by Downline Team 4 affiliates

·         18% on subsequently invested funds by Downline Team 4 affiliates

·         8% on subsequently invested funds by the first two affiliates Downline Team 4 affiliates personally sponsor

·         2% on initial funds invested by the third, fourth and fifth affiliates Downline Team 4 affiliates personally sponsor

·         6% on subsequently invested funds by the third, fourth and fifth affiliates Downline Team 4 affiliates personally sponsor

·         1% on initial funds invested by the sixth, seventh and eighth affiliates Downline Team 4 affiliates personally sponsor

·         3% on subsequently invested funds by the sixth, seventh and eighth affiliates Downline Team 4 affiliates personally sponsor

The 2% commission carries on for the 3rd, 4th and 5th sponsored affiliates within Downline Team 4 down to infinity.

The 1% commission carries on for the 6th, 7th and 8th sponsored affiliates within Downline Team 4 down to infinity.

Cost To Join CryptoGold

The cost to join CryptoGold as an affiliate is $79, in addition to a minimum investment of $50.From here, you’ll need to make an investment into the company.While that investment can be as little as $50, choosing to invest $500 or more will allow you to drastically increase your earning potential within the compensation plan.

Is CryptoGold Legit Or A Scam?

Cryptogold is actually legit and not a scam.To be successful In Cryptogold or any other network marketing company out there it would depend on your lead generation technique,your marketing techniques and your ability to recruit.

Verdict on CryptoGold

Tons of mining pools freely disclose the location from which they operate, and in many cases, investing so much money will provide you with an invite to go and physically visit the facility where the mining is taking place.

Add all of this up, and it’s highly unlike that any such mining pool actually exists with CryptoGold.

The only money that I can see making its way into the company is that of affiliate investments, and because of this, CryptoGold has no other choice but to use these invested funds to pay ROIs owed to other members.

You must recruit in order to make money…

There are no real products or services that are sold to affiliates or retail customers….

Therefore, there is nothing of real value to offer…

And once recruitment slows down, which it almost always does…

Affiliates will start looking elsewhere for a more steady stream of income….

And this is when companies tend to collapse and close up shop….

So, if you are thinking of joining this company, just keep that in mind….

I hope you enjoyed my CryptoGold review and if you have any questions, please leave them in the comments below…

Click Here For My No 1 Reccomendation

 

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