Beware of CryptoPerformance – Review

Operating in the MLM space for cryptocurrencies is CryptoPerformance. The business debuted in 2019.

CPCoin, a subsidiary of CryptoPerformance that uses a different website domain, is connected.

Both organizations are owned by International Performance Group.

Founded in Kazakhstan, International Performance Group is a front firm.

Moving forward Co-founders Horst Staebler and Giuseppe Rimola are CryptoPerformance.

Horst Staebler worked as a Juice Plus distributor from 2009 through 2015, according to his LinkedIn page.

Between 2015 and 2017, Staebler became interested in cryptocurrencies:

Initially, a currency Ponzi scheme, USI-Tech switched to bitcoin in 2017.

USI-Tech failed in 2018, following regulatory warnings from many nations.

The only jobs listed on Giuseppe Rimola’s LinkedIn page are “cryptocurrency trader” (2016-2019) and “CryptoPerformance” (2019-).

I was unable to determine Rimola’s prior involvement with MLM. Possible causes include linguistic barriers.

Stuttgart, Germany serves as the home base for Staebler and Rimola. This is where CryptoPerformance is truly based, as opposed to Kazakhstan.

The MLM opportunity offered by CryptoPerformance is fully reviewed below.

Products from CryptoPerformance

There are no resaleable goods or services offered by CryptoPerformance.

Only the CryptoPerformance affiliate membership itself may be promoted by affiliates.

Compensation Plan for CryptoPerformance

On their website, CryptoPerformance does not disclose information about remuneration.

The study that follows was put together using data from a formal business presentation.

Regular affiliates of CryptoPerformance invest in cryptocurrencies with the hope of receiving passive earnings.

$150 for the Crypto-Package 150

$250 for the Crypto-Package 250

$500 for the Crypto-Package 500

Bitcoin Package 1000 for $1000

$2500 for the Crypto-Package 2500.

5000-Package-Crypto: $5000

$7500 for the Crypto-Package 7500.

$9500 for the Crypto-Package 9500.

The packages come with CPCoin, but the conversion rate is not made public.

For an extra $899 to $1999, a Platinum CryptoPerformance affiliate membership can be purchased.

Affiliates with Platinum CryptoPerformance benefit from higher commission rates as well as the automatic inclusion of new affiliates recruited nearby to their downline.

Any recruit within 60 kilometers of a Platinum CryptoPerformance affiliate’s registration area, who pays $899 to $1999 for membership, is added to the affiliate’s downline.

Ranks of CryptoPerformance Affiliates

The reward structure of CryptoPerformance has six affiliate tiers.

Information about criteria qualifying was unavailable. It is also unclear what advantages rank advancement offers.

Advisory Commissions

CryptoPerformance uses a unilevel incentive scheme to award referral commissions.

An affiliate is put at the head of a unilevel team in a unilevel pay system, and each affiliate they recruited is positioned immediately under them (level 1):

New affiliates brought on by any level 1 affiliates are added to the original affiliate’s unilevel team at level 2.

If any level 2 affiliates bring on new affiliates, they are promoted to level 3, and so on down a theoretically endless number of levels.

CryptoPerformance sets a limit of eight paying unilevel team levels.

Depending on whether the Platinum member fees have been paid, residual commissions are paid as a proportion of the money invested throughout these eight tiers.

Regular CryptoPerformance partners profit

10% for level 1 (personally recruited affiliates), 4% for level 2, 2% for level 3, and 1% for levels 5 and 6, respectively. Affiliates of Platinum CryptoPerformance receive 0.25% on numbers 7 and 8.

1% to 20% of a level values of 2 to 8% 3 – 4% level values of 4 to 2% Levels 5 and 6 – 1% 7 and 8 – 0.5%

Bonus Pool

A bonus pool is funded by CryptoPerformance with 5% of monthly company-wide investments.

$1499 and $1999 All Platinum CryptoPerformance affiliates share equally in the monthly Pool Bonus.

Platinum Fast Start Bonus The Fast Start Bonus is available to CryptoPerformance affiliates that join at the PI-Package 2 ($1499) or PI-Package 3 ($199) tiers.

10% of the PI-Package fees paid by personally recruited Platinum affiliates within the first thirty days of the qualifying affiliates are used to calculate the Fast Start Bonus.

Taking part in CryptoPerformance

Regular CryptoPerformance affiliate membership requires an initial CPCoin investment of $150 to $9500.

Additional fees of $899 to $1999 apply for Platinum CryptoPerformance affiliate membership.

$899 for PI-Package 1.

Package 2 of PI: $1499

PI-Package 3 – $1999

These seem to be one-time dues for membership.

Affiliates with Platinum CryptoPerformance receive more commissions than those with Regular CryptoPerformance.

Bitcoin investment, Ethereum, tether, link, iota, stellar, Cardano, tron, and infinity economics is sought after by CryptoPerformance.

CryptoPerformance Summary

The CPCoin scam from CryptoPerformance is a standard pump and dump.

You sign up, and swap cryptocurrencies for CPCoin, your number increases, and you withdraw someone else’s money.

At the very least, that is the marketing spiel. CPCoin is almost ever monitored anywhere, although Coinbase still offers charts:

The pump high for CPCoin was $9.43 on June 26th, 2021. On October 26, the dump reached its lowest point at 12 cents, at which point public tracking ceased.

Coincident with CPCoin’s drop is a slowdown in CryptoPerformance affiliate hiring.

At the time of publishing, Alexa lists CryptoPerformance’s website traffic as “n/a.” The internet traffic rank for CPCoin is 5.5 million, or essentially n/a.

By analyzing the money flow inside CryptoPerformance, it can be seen that the founders Horst Staebler and Giuseppe Rimola received the majority of the cryptocurrency invested.

They undoubtedly cashed out during the mid-2021 pump, along with a few early investors.

Top promoters received commissions. The bulk of CryptoPerformance affiliates is left holding the bag, just like in any pump-and-dump scam.

The MLM opportunity offered by CryptoPerformance is a securities offering because the only incentive to participate in it was the hope of receiving a passive return.

International Performance Group is not registered to offer securities outside of Kazakhstan in any jurisdiction.

In no country are CryptoPerformance and CPCoin registered to provide securities.

Since there is no retail product, CryptoPerformance’s MLM division functions as a pyramid scheme.

In conclusion, securities fraud and pyramid schemes exist within CryptoPerformance.

The proprietors of CryptoPerformance took off with the majority of the cryptocurrency invested, leaving affiliate investors clutching another useless MLM shitcoin.

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