Welcome to my Cryptogain review. There has been some vibe about this company called Cryptogain,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 Cryptogain and want to find out if it is a legit company or a scam.
Here is a detailed review on the company Cryptogain and I would walk you through the Cryptogain company,the compensation plan,the products and the verdict.
CryptoGain Review – The Company
So the first thing I noticed about the CryptoGain website is that it does not provide any information about who owns or operates the company.
I did manage to find out that the CryptoGain website domain was registered as “cryptogain.biz” on the 22nd of October, 2017.
The address provided on the registration does not seem to be legit.
Although this company has only been in existence for a few weeks or so, CryptoGain states that it has “many years of expertise”.
After a quick look at the official CryptoGain Facebook group, I found out that it has one admin, Bernie Thompson.
Thompson’s own account was only recently created on or around the 26th of October, 2017.
There is a UK incorporation number that is provided on the company website, which links to “BitLake Limited”.
Incorporated on the 14th of June, BitLake Limited provides a retail/residential address in Southall, UK.
Warran ONeal is credited as the sole officer of the company, but there is no more information provided on him.
It seems that whoever was running BitLake is also operating CryptoGain.
You’ll also find an incorporation number of CryptoGain’s website, and following this shows a United Kingdom incorporation for “BitLake Limited.”
BitLake Limited was incorporated in the United Kingdom on June 14, 2017, and it was done so through an address is Southall in the UK.
The sole officer for BitLake Limited is listed as Warran ONeal, but aside from this, there’s no other information to be found on the man.
What can be said, though, is that the admin behind CryptoGain is likely the same one running BitLake Limited.
CryptoGain Review – The Products
CryptoGain does not have any retail products or services to offer.Affiliates who join CryptoGain simply market the affiliate membership.
The CryptoGain Compensation Plan
CryptoGain affiliates who want to take part in the compensation plan must invest bitcoin for a daily ROI.
· Dash – Invest 0.001 to 5 BTC and receive a 10% daily ROI
· Ethereum – Invest 5.001 to 10 BTC and receive a 12% daily ROI
· Bitcoin – Invest 10.001 or more BTC and receive a 15% daily ROI
Referral commissions are earned on invested funds and are paid down 2 levels of sponsorship through a unilevel compensation structure:
· 5% on level 1 (personally sponsored affiliates) and
· 2% on level 2
Cost To Join CryptoGain
The cost to join CryptoGain as an affiliate is free, but free affiliates are only able to earn referral commissions.
To fully participate in the income opportunity, affiliates must invest a minimum of 0.001 BTC.
Is CryptoGain Legit Or A Scam?
Cryptogain is actually legit and not a scam.However to be successful in Cryptogain or any other mlm company out there it would depend on your lead generation technique,your ability to recruit and your networking skills.
Verdict on CryptoGain
CryptoGain claims the it using cryptocurrency mining to generate the ROIs being offered, with its website saying:
“We have our own state-of-the-art infrastructure and cutting edge technologies for cryptocurrencies mining.”
However, outside of this one claim, you won’t find any proof or evidence that this mining is actually taking place.
The only money CryptoGain is receiving comes from affiliate investments, meaning that newly invested funds are used to pay ROIs owed to other members.
This results in CryptoGain functioning as a Ponzi scheme, and just like BitLake, it’ll likely collapse after just a few week’s time once investor interest dies down.
CryptoGain claims it’s 100% legit, but how is it promising ROI’s?
No government will agree to promised ROI’s so something doesn’t add up…
They claim they trade your Bitcoin, but TRADING is NEVER guaranteed…
There will be UP and DOWN in ROI, not a fixed amount…
Because of that I personally don’t recommend this until they clear those things up.
I hope you enjoyed my CryptoGain review and if you have any questions please leave them in the comments below…