The hype lately about Mass Cryp has flooded the social media accounts. The company has already grabbed a lot of attention. However, I am here not to talk about the hype, but about the unbiased opinion on the company’s operation.
Mass Cryp website does not provide information about the company’s owner. The domain (masscryp.com) is also registered privately. However, after a lot of research, I was able to extract three names associated with the company through one of company’s token website.
Pijush Sarkar: He has been portrayed as an Entrepreneur as well as Blockchain and Cryptocurrency awareness trainer. His wide experience in crypto currencies, make him a suitable match for the CEO of the company.
Saurabh Singh: Again, an Entrepreneur and Cryptocurrency mining awareness trainer. He is the CFO of the company with 8+ years of experience in IT sector.
Shashank Mishra: Not to mention, an Entrepreneur and COO of the company with 8+ years of experience in administration management in various sectors which includes and is not limited to property and Real estate business.
The red flag that rises after making an attempt to verify their histories is that, we couldn’t make any match to these profiles.
Alexa estimated that most of the traffic to this website is turning up from India, giving us the clue that the founders are based out of India.
There were no products or services verified apart from the affiliate recruitment program that makes this company a ponzi scheme. To join the affiliate program, one must invest at least $100.
Mass Cryp – Compensation Plan
The investment of bitcoin worth of $100 is made on the guarantee of $120 in return. The company uses unilevel structure to pay its affiliate through the referral program.
According to the unilevel structure, directly recruited affiliates are placed under the recruiter. One person is placed on level 1 and the affiliates recruited by him are placed on level 2. The affiliates recruited by level 2 are placed on level 3 and so on.
The cap is kept on level 15. The percentage of invested bitcoin is paid as the referral award.
- level 1: 5%
- level 2: 3%
- levels 3 – 7: 2%
- levels 9 – 13: 1%
- levels 14 – 15: 0.5%
To make the opportunity attractive enough, the founders have used ‘Turnover Sharing’ which the affiliates can utilize for converting their $100 into $9420.
I believe that this plan is more likely a hand for managing residual commission which have their connection with the ROI earning.
To earn turnover residual commission at each level, the affiliate needs to have direct sponsors. For example, if you want to earn from level 1, you need to have one direct sponsor. If you wish to earn from level 2, you need to have 2 direct sponsors and so on. It will go till level 12 and at level 12, you need to have 12 direct sponsors.
This means that by reaching level 12, you have already gained 12 different sponsors. By adding up the turnover residual commission, by the 12th level, the profit will reach from $100 to $9420.
Mass Cryp reviews
James Tanner: Five Stars
Gary Kneating: Five Stars
There was no comment from these above users. However, they rated the company with 5 stars.
Conclusion from the above reviews
I can only make out that these are staged reviews. Mostly, a person involved in the investment would like to outline the reasons for giving a five star to attract other investors and increase the referral commission. However, in this case, nothing of that sort was done.
If not, this cannot be a legitimate review.
Mass Cryp claims to be the first decentralized platform for cryptocurrency. The website says:
“Now it’s easy to connect People (MASS) in the blockchain advertising world…
MASS CRYP Is A New Decentralized Cryptocurrency Exclusively Made For Connecting People To Advertising Digital World.”
The company also states:
MASS CRYP Enterprise is a brand and project manager that follows a transformation management process geared towards innovation in order to create fast solutions tailored to the needs of the market.
The company has very well tried to limit the mentioning of MLM cryptocurrency Scheme. I could not make out much from the things that they have mentioned on their website. You won’t find anything that is related to the MLM side of the business on their website as well as on the token websites.
The company boasts about the rise it has experienced in its value which started at 10 cents and has gone to $0.21 in 12 days.
I did a quick scam of their website and found that the website is not managed properly. The information on the pages are limited and the ‘white paper’ heading follows with a pdf that is empty.
In addition, the absence of Mass Cryp on the database of SEC’s Edgar is a big red flag. The company is marketing itself as an investment company and it should have listed itself in the database for the same reasons.
Overall, if you would look into the whole scenario, you will understand that the company is doing a lot of talks about things that do not exist, only to hide the Ponzi scheme running underbelly.
In reality, the company is using the funds invested by the new affiliates to pay the existing ones. This makes it a sure shot Ponzi Scheme. Unavailability of any other verifiable source of revenue adds to the cause.
So, be your own judge and decide by taking all the factors in hand, before investing into Mass Cryp. As of now, it is unclear about the real background of the persons listed on the token websites and the source of income, apart from the affiliate program, is unidentified.
Hence, I can only conclude that the company is going to leave its affiliate dry, once the recruitment will freeze. Some can make few bucks, but it won’t last much longer.