Online marketing launches need to attract investors through excitement. If you can get people excited about a prelaunch, they will invest in it. Some people get excited when they read the details about a prelaunch. The right project will demontrate it’s value in the details of the offer. Other types of people get excited by hype. With these people you don’t need to demonstrate the details. You only need to show a vague yet flashy looking promise, then you hype it up! Plenty of people will still join the opportunity.
With Crowd1, I went looking for details and could not find any. This was a red flag, but I wasn’t unduly concerned YET. I thought it was just another over hyped MLM opportunity.
My main suspicion is that the “product” is pretty much hot air. I mean how are they making money outside of affiliate purchases? Crowd1 make a vague claim to be building gambling and gaming apps. Online gambling is EXTREMELY competitive. I had my doubts about the profitability of Crowd1.
If I am correct….there will be virtually zero retail customers using Crowd1. If they ever get any of the products working, they will only be used by affiliates trying to sell the opportunity.
Things take a turn for the worse…
Owner Rights = BTC Packages?
Whilst watching the Crowd1 presentation, I noticed them mentioning shares, called Owner Rights. Immediately another red light flashed in my mind, knowing full well that selling shares to investors is illegal without a securities license. Crowd1 does not have a securities license. It just didn’t make sense to me…why would a legitimate MLM offer unlicensed securities to investors? Unless they have no intention of being around for long….hmmmm!
According to Crowd1, the Owner Shares will only be issued to early prelaunch investors and they seem to be creating a frenzy . I just didn’t get why people were excited about owning them. Then I saw a reference to “passive income” being paid out to those with “owner rights”…….OHHHHHH I think I know how this story goes!!
I predict that extremely high returns will be paid to holders of the owner rights shares. Owner rights are exactly like shady bitcoin packages which pay 100%-500% per year. This profitability obviously will not be real which means that passive returns are being generated NOT from profits but from NEW INVESTORS. Crowd1 also mention that each owner right will have a dollar value which will be increasing once they are no longer being issued after the prelaunch. I predict that Crowd1 will have some sort of internal exchange where owner rights can be bought and sold. Crowd1 is pretty much a clone of the Bitconnect business model in that respect.
Crowd1 Is A Ponzi Scam
I would classify this company as misleading, but the Owner Rights push it into ponzi scam territory. Any company that has over hyped products will always under deliver. Legitimate companies have a base of loyal customers, not just affiliates and will be successful for long periods of time. If you have a long term mindset plus access to something that teaches you how to make money online the legitimate way you will make a LONG TERM INCOME!! Anyway, on with the review.
Crowd1 Review – Summary
Key Figures: Stelios Piskopianos.
Product Type: MLM ponzi in gaming app niche.
Summary: Affiliates can earn “passive income” from getting owner rights. These owner rights are only available in the prelaunch. Affiliates can earn by referring people to any of the Crowd1 products. You earn direct commissions plus they have a MLM compensation plan.
The products were vague, and I did not think it could to sustain a base of customers. I think the only people getting involved will be affiliates that are interested in the marketing opportunity.
The passive income component of the “owner rights” make me believe that Crowd1 is a ponzi scam. It is also an unlicensed security offering.
Verdict: This program will probably last a couple of years. Investors will probably be fanatical supporters until it collapses of course.
What Is Crowd1?
Crowd1 is an opportunity that uses a multi-level marketing (MLM) structure to attract affiliates. I have no problem with MLMs however sometimes they have a tendency to over hype things. One thing I really check is the products themselves. I try to ignore the comp plan and investigate if the products bring value to the market place. Some MLMS operate on “hot air” with no real customers using the products. When this happens the MLM will not have a long term future.
Crowd1 seem to be developing apps for the gaming and gambling industry. Affiliates can promote the service to get commissions and also ownership shares in the company itself. The products are pretty vague which does not fill me with confidence. Any how, let’s take a look at what is on offer.
Streamline up to level 6
Matching Bonus up to Level 1
Streamline level 8
Matching Bonus up to Level 3
Streamline up to level 12
Matching Bonus up to Level 4
Streamline up to level 15
Matching Bonus up to Level 5
White Package – €99 and 90 Binary Points (BP)
Black Package – €299 and 270 Binary Points (BP)
Gold Package – €799 and 720 Binary Points (BP)
Platinum Package – €2499 and 2250 Binary Points (BP)
When a member ship is sold to 4 people you receive 10% of the BP. For every 4 sold after that you open up 10% on another level. This is repeated up to 5 levels deep.
This will award you extra ownage rights depending on how big your downline grows.
|Level||Req Directs||Min Package||Downline Req||
Owner rights per week
What I Like About Crowd1
It Should Last Over 2 Years
There are alot of different programs that offer passive residual income for doing nothing. 99% of the time these programs collapse quickly because they are highly unstable ponzi scams. With Crowd1 it seems far less scammy on the surface. Most investors will not really look beneath the surface. It should outlast many other types of passive income ponzis out there. It really comes down to how much ROI will be paid to holders of the shares or owner rights. The higher the ROI, the more buzz and more money flowing in. The down side is stability. Either way Crowd1 looks less scammy than most ponzis so investors should be confident enough to leave there money in the scheme. Eventually though Crowd1 will buckle under the ROI payments and collapse.
These types of schemes typically experience very fast growth. Once people start making money by holding the owner rights, there will be a lot of demand for the program. If you get in early you should be able to rise from the growth. Keep your head and look for an exit before any negative announcements are made. You can be sure that bad news will be around the corner. Even just from having unlicensed securities options, the SEC will have to act at some point. When this happens people will start cashing out causing the whole thing to implode. Personally I would rather make less if it means I am doing the right thing. If you want to make 6 figures whilst sleeping like a baby, check out my program here.
What I dislike about Crowd1
Maybe you don’t belive that the owner rights look highly suspect. Maybe you believe that the ROI on the owner rights come from real profits and not from the funds of new investors. Even if that is the case, you can’t deny that offering ownership shares is an unlicensed security offering. What happens when it’s all over…you have to start again and join another short lived program.
Imagine if you had joined a legit program that taught you how to make consistent long term income. You would just keep on building!
It’s An Unlicensed Securities Offering
Crowd1 will get big enough to catch the attention of regulators like the SEC. Maybe you think it is not a big idea that the owner rights are an unlicensed security offering. WRONG – It is a big deal and I will tell you why. Crowd1 could never even get a securities license because this means that every affiliate would need to also be licensed. So they intend on just ignoring the law, which you can do for a while. Eventually Crowd1 will get hit by a cease and desist and the whole thing will be finished with
The Real Deal With Crowd1
I believe that passive ROI is paid to holders of the owner rights. If this happens then Crowd1 is a ponzi scam. If I am wrong, I will happily retract this review.
Pretty Fishy I give it a F.
The Prelaunch Inspector
How I Make A Living
I have developed a strategy using a legitimate affiliate program that allows me to hangout at home with the kids all day.