There is no information on the Crypto 888 Club website indicating who owns or runs the business. The Crypto 888 Club website domain ( crypto888. An address in Malta is also provided. Further research reveals Crypto 888 Club affiliates referring to Romanov (right) as the owner of the company itself. Why this information is not presented on the Crypto 888 Club website is a mystery. Crypto 888 Club marketing presentations credit Romanov with owning over 6555 betting shops and three casinos mainly in Eastern Europe. I wasn t able to track down an MLM history for Romanov, so presumably Crypto 888 Club is his first MLM venture as an executive. Read on for a full review of the Crypto 888 Club MLM business opportunity.
High Risk Merchant Accounts High Risk Processor 1 US
The Crypto 888 Club sees affiliates invest up to €65,555, collect a weekly ROI and get paid to recruit others who do the same. Referral commissions are paid out on investments made by recruited affiliates, paid out down three levels of recruitment. PV stands for Personal Volume and is sales volume generated via personal investment and that of personally recruited affiliates. Residual commissions in Crypto 888 Club are paid out using a binary compensation structure. A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
Positions in the binary represented recruited affiliates who have invested in at least one package. Volume is generated by these positions through affiliate investment. Points are generated as per the referral commissions outlined above. At the end of each week, Crypto 888 Club tally up the points generated on either side of the binary for that week. Commissions are paid out based on the volume generated on the weaker side, paying out 65% of the total.
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Note that binary commissions are capped based on how much a Crypto 888 Club affiliate has personally invested: Note that in order to qualify for binary commissions, a Crypto 888 Club affiliate must recruit at least two affiliates who have invested in at least one package each. A matching bonus is available on binary commissions earnt by recruited affiliates, paid out down three levels of recruitment. As with the referral commissions, the following additional qualification criteria applies: Note that an Crypto 888 Club affiliate is only paid 65% of any commissions earned.
95% of the funds paid out are withheld by the company and must be put towards investment in additional packages. Specific details regarding the casino were not available at the time of publication. Under the guise of paying out a purported 85% of profits generated via sports betting, Crypto 888 Club operate a recruitment-driven pyramid scheme tacked onto a dangerous cryptocurrency model. The pyramid scheme of the business is pretty straight forward, with affiliates paid a commission to when recruited affiliates invest. How much is paid out directly correlates to how much is invested by the newly recruited affiliates, as well as how much the affiliate themselves invested when they signed up.
In this sense Crypto 888 Club has a pay to play element to its compensation plan, with the more invested resulting in higher commission payouts. Quite obviously Octa Coin is being run by the same people behind Crytpo 888 Club (the 8s sort of give it away), with a whole bunch of coins preallocated to Aleksander Romanov and his buddies. The value of OctaCoin is going to be artificially determined by the amount of funds coming from affiliates, calculated after binary, referral and matching commissions are paid out. What with 79 weeks of monopoly money compounding investment, don t expect OctaCoin to be worth much anytime soon. Especially considering the coin is absolutely worthless to anyone outside of the Crypto 888 Club opportunity.
Any merchants who do accept the coin are going to be Crypto 888 Club affiliates themselves, looking only to further increase their share of OctaCoins. The beauty of the cryptocurrency Ponzi model is that Romanov can encourage affiliates to keep their funds trapped in the system, by promising that an exponential growth phase for OctaCoin is just around the corner.