Beware of COTP – Review

“Cryptos OTC Trading Platform” is the acronym for “Cryptos OTC Trading Platform.” It’s a crypto-focused multilevel marketing organization.

COTP’s website has no reliable information on the company’s ownership or executives.

Instead, COTP supplies stock images of fictitious executives:

Even though COTP’s CEO is “Jane Jenny” as stated above, COTP’s lone marketing film has a different CEO:

COTP, on the other hand, can’t seem to get its falsehoods straight. Dariush is supposed to announce himself as COTP’s “Technical Director,” according to the screenplay.

COTP gives an FINCEN certificate for an MSB registration in an attempt to seem authentic.

Offshore fraudsters usually apply for them using fictitious information. COTP has incorporated a shell business in Colorado in this case.

On the 14th of October, 2021, Cryptos OTC Trading Platform was incorporated with fictitious information.

As a point of reference, the company’s owner is listed as Feng Yan. This individual is unlikely to exist.

COTP’s Colorado incorporation address, which also appears on their MSB registration, belongs to a completely unrelated mail forwarding firm (i.e. virtual address).

Basic incorporation and everything from FINCEN is irrelevant in the context of MLM due diligence.

An examination of COTP’s website source code indicates that the site was created with Chinese users in mind:

This shows that whoever is in charge of COTP is headquartered in or has relations with China or a neighboring nation.

The United States is now the sole significant source of the traffic to COTP’s website, according to Alexa (25 percent ).

The names “” and “” are used by COTP to host two websites.

The.COM domain for COTP was originally registered in 2019. On February 8th, 2022, the current owner(s) acquired the domain.

On October 2nd, 2021, COTPs. NET domain was initially registered. On February 9th, 2022, the registration was last updated in Singapore with an incomplete address.

As always, if an MLM firm isn’t transparent about who runs or controls it, consider twice before joining and/or turning over any money.

COTP’s Services

COTP does not sell any items or services to the general public.

COTP affiliate membership is the sole product that affiliates may promote.

Compensation Plan for COTP

COTP affiliates put their money into tether with the expectation of a return.

Affiliates must actively invest in the maximum daily return to be attained. Payments are made every two hours.

COTP does not give exact ROI rates, although promoters estimate maximum daily returns of 3% to 4%.

On invested money, COTP pays referral fees down three tiers of recruiting (unilevel):

• 15% for level 1 (personally recruited affiliates)

• ten percent at level two

• level 3 (5% of the population)

Taking part at COTP

Affiliate membership with COTP is free.

Investment in tether is required to fully participate in the associated income potential.

The minimum reinvestment amount is 9 USDT. This is also, I think, the first minimum investment amount.

Conclusion of the COTP

COTP looks to be a straightforward Ponzi scam originating in Southeast Asia.

Affiliates sign up, invest in bitcoin, and earn numbers every two hours on a screen.

Returns aren’t realized until withdrawals are taken, allowing early investors to siphon off the majority of later invested monies.

The standard trading Ponzi scheme is used by COTP:

COTP is a blockchain-based over-the-counter (OTC) and cryptocurrency trading platform.

We give consumers a more free and secure trading environment by matching them with the optimal orders using AI clever algorithms.

COTP does not present any verified evidence that it is trading. Audited financial reports submitted to financial regulators would be one type of proof.

Shell companies, FINCEN certifications, displaying backoffice figures on a screen, and watching YouTube videos are not acceptable substitutes for this regulatory requirement.

COTP fails the Ponzi logic test as well. COTP’s owner(s) would discreetly utilize a trading bot capable of attaining 3 percent to 4 percent per day if they had one.

It doesn’t take much to transform a little sum of money into a fortune by compounding at 3 percent to 4 percent every day.

Instead, they’re giving anybody access to the internet, which, of course, makes no sense.

When you add in securities fraud and stock picture executives, you have a recipe for disaster. COTP is a standard multilevel marketing (MLM) crypto Ponzi scam.

As with many MLM Ponzi scams, once affiliate recruiting stops, fresh investment stops as well.

COTP will be deprived of ROI revenue as a result, eventually collapsing.

Ponzi schemes are mathematically certain to lose money for the vast majority of participants when they fail.

COTP has officially folded as of May 24, 2022.

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