Welcome to my Crowd1 Review: You have landed here as you are looking into reviews on Crowd1 and you want to know if it is a scam? So let’s get started to see if Crowd 1 is, in fact, a Scam. Or is it a Legit way to make money online. Warning this review does contain Red Flags and I want to expose them to you. So please read all the way through.
Crowd 1 is now banned in Namibia. Latest Updates 3rd of April 2020 Since I wrote this review there have been many changes to Crowd 1. Premier Bets have now clarified that they have nothing to do with Crowd 1. So Crowd 1 have since launched themselves as An App Ponzi scheme. There has been more bad news surrounding Crowd1. It now arises that are they not only banned in Namibia but Paraguay has followed suit.
The Comision Nacional de Valores has issued a Crowd1 securities fraud warning for Paraguay. The CNV is Paraguay’s top financial regulator. They have issued a formal warning on the promoting of Crowd1. It is also illegal to promote unregistered securities. Promoters of Crowd1 in Paraguay face up to three years imprisonment or a fine. Crowd 1 is Targeted mainly towards South Africa.
Table of Contents
What is a Ponzi Scheme?
A Ponzi scheme is basically an investment fraud where people are paid by existing funds invested by new investors. Having no actual product for sale is the same as or similar to a Pyramid Scheme. Meaning the owners promise to invest for you but actually don’t bother. Once investment dries up then so does the money and many people end up losing more money in the long run. Ponzi schemes are illegal in some countries.
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Stelios Piskopianos of Crowd1 Network Europe Ltd is listed as the owner, through an address in Cyprus on the domain name ”crowd1.com” According to Stelios Piskopianos on his LinkedIn has a financial background and has Stong IT skills with knowledge of computerized information systems. However, Crowd1 is not mentioned in his profile.
Crowd1 Is a Multi-Level Marketing company (MLM) Crowd1 offers educational training guides on topics from real estate to cryptocurrency trading. The opportunity side of it has a part of it that is structured in an MLM business model.
What you will get when you make an investment to join Crowd1 will be educational training product on topics like:
Real Estate, Funding and Marketing and more. You will also get access to platforms like AffilGo and Miggster. The opportunity side of it has a part of it that is structured in an MLM business model.
To join Crowd1 one of the investment levels to qualify for commissions from the opportunity that Crowd1 offers. What you get for your investment is what the company calls ”owner rights” and Virtual shares. The owner’s right shares are what the company uses to pay out your returns. I shall include all the Compensation structure breakdown in my review so keep reading to find out more.
Why I prefer Affiliate Marketing Vs Multi-Level Marketing.
- Website Name: crowd1.com
- Owner/s: Stelios Piskopianos Not 100% sure
- Who is it for? For the owners.
Who is it aimed at For those who Work From Home, Want to Earn A Side Income, Interested in Cryptocurrency and MLM and Affiliate Marketing?
- Recommended: NO!!
A quick update here.. Crowd1 is banned in Namibia for being a Ponzi scheme and if you promote this company in that country you face 10 years in prison. Please be careful.. This is breaking News..In 2020…. Paraguay Now follows suit.
- How much to Join Crowd1
- White – €99 EUR
- Black – €299 EUR
- Gold – €799 EUR
- Titanium – €2499 EU
If you are really fed up of been scammed then here is a comparison review below. I have compared Crowd1 to Wealthy Affiliate. The reason being is I was so fed up too of being lied to and scammed by Ponzi schemes rubbish MLM’s. Not any more. I highly recommend Wealthy Affiliate. I should have been with them for nearly 4 years now and I have never looked back. I know what to look for in scams now. That is why I built this website to help you avoid been scammed online. Here are two other Platforms I have written about that I do not recommend. Walters FMS and another one that is very similar is Gold Tinkle
Dare to Compare?
What does Crowd1 sell?
Crowd1 has no products for retail nor does it offer any services so all is available to promote is the Affiliate membership itself.
Crowd1’s Compensation Plan and how it works.
Crowd1 affiliates invest funds on the promise of advertised returns.
Crowd1 tracks and pays out returns through ”owner right” shares.
- White –
Invest €99 EUR and receive €100 EUR worth of owner rights shares
- Black –
Invest €299 EUR and receive €300 EUR worth of owner rights shares
- Gold –
Invest €799 EUR and receive €1000 EUR worth of owner rights shares
- Titanium –
Invest €2499 EUR and receive €3500 EUR worth of owner rights shares
Residual Commissions. (Binary Pay)
Crowd1 pays residual commissions via a binary compensation structure.
A binary compensation structure places an affiliate at the top of a binary team
Binaries only have 2 legs One on each side.
You need to personally sponsor and maintain 1 person on your right and 1 person on your left leg to qualify for these commissions. Binaries payout on the leg that has the least amount of volume or points. You must have at least a matching amount of volume on both legs for you to earn. Binaries can be built down to unlimited depth.
Positions in the binary can be filled by direct or indirect sponsoring.
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The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).
Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.
Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note there is no limit to how deep a binary team can grow.
Residual commissions are paid based on investment volume generated on both sides of the binary team. The investment volume is tracked via points, which correspond with Crowd1’s investment tiers as follows:
- White – 90 points
- Black – 270 points
- Gold – 720 points
- Titanium – 2250 points
Crowd1 calculates residual commission using what they call a ”1/3 balance” ratio.
A 1/3 balance ratio sees residual commissions paid out on investment volume generated on the weaker side of the binary team.
This volume is matched in triple against the stronger binary team side (assuming matching volume is available).
Once a payable volume is added up, affiliates receive 10% of the total volume amount.
Example. A recruited affiliate signs up at the White tier and is placed on your weaker binary team side.
This generates 90 points on the weaker binary team side, which is matched with 270 points from the stronger binary team side. This calculates to 360 points in total.
A 10% residual is calculates on this point total, coming to €36 EUR. Remember though if the 270 points don’t exist on the stronger binary team side, the system will try to match either double or an equal amount of points from the stronger binary team side.
If there isn’t enough to match the weaker binary team side, only 10% of the weaker binary team side points is paid out.
Matching Bonus (uni-level Pay)
Crowd 1 pays a matching bonus on residual commissions earned by your downline. A uni-level compensation structure places an affiliate at the top of a uni-level team, with every personally recruited affiliate placed directly under them (level 1):
Crowd1 caps payable Matching Bonus uni-level team levels at five.
How many levels a Crowd1 affiliate earns the Matching Bonus on is determined by an affiliate’s personal recruitment efforts:
- Invest at the White tier and recruit four investors = a 10% match on level 1 (personally recruited affiliates)
- Invest at the Black tier and recruit eight investors = a 10% match on levels 1 and 2
- Recruit twelve investors = a 10% match on levels 1 to 3
- Invest at the Gold tier and recruit sixteen investors = a 10% match on levels 1 to 4
- Invest at the Titanium tier and recruit twenty investors = a 10% match on levels 1 to 5
The Streamline Bonus appears to be a way to increase owner rights share returns.
Crowd1 tracks the Streamline Bonus via company-wide recruitment. You sign up and everyone who joins after you fall into your Streamline Bonus.
There are “streamline levels” that correspond with how much a Crowd1 affiliate has invested:
- White tier affiliates receive three Streamline levels
- Black tier affiliates receive eight Streamline levels
- Gold tier affiliates receive twelve Streamline levels
- Titanium tier affiliates receive fifteen Streamline levels
Fear of Loss Bonus.
The Fear of Loss Bonus is a recruitment bonus, active during a newly recruited Crowd1 affiliate’s first fourteen days with the company. if you sponsor a certain amount of NEW investing members in a 14 day time period you will earn extra commissions that is why they call it a fear of loss bonus. 14 days isn’t long to recruit new members so that could have been made longer.
During the Fear of Loss Bonus period, a Crowd1 affiliate earns
- €125 EUR per four White investment tier affiliates recruited
- €375 EUR per four Black investment tier affiliates recruited
- €1000 EUR per four Gold investment tier affiliates recruited
- €3000 EUR per four Titanium investment tier affiliates recruited
By convincing others to invest, Crowd1 affiliates can increase their share of company-wide gambling revenue.
The Gambling residual starts at 5% at the Team Leader rank (generate 500 points in weaker binary team volume), and increases to 10% for the Director (generate 500,000 points in weaker binary team volume) and higher ranks.
The new Launch of Affilgo
Launch of Crowd1, Affilgo, and global partners. Crowd1 and Affilgo enter the fully operational mode. The revolutionary recurring bonus systems are activated and all members can now invite online gaming players from all over the world. All members will also be able to sell or buy Owner Rights on the real-time trading platform, at Crowd1 Exchange.
Is Crowd1 a Scam?
Crowd 1 is not accredited to the Better Business Bureau. The whole concept if done properly like MLM or Cryptocurrency is run regulated properly and is compliant in all areas then yes it could be a good business model. However, Crowd1 offers no information on any of this so it just screams out to be a Ponzi Scheme. Those kinds of schemes never last long they dry up quickly and many people investors are left with no returns and no chance of getting their money back. It is a case of getting in quickly getting out quickly.
The fact that they offer no retail products and run an MLM compensation plan structure is not in compliance. Gambling is also very regulated and any profits made need to be licensed which there is no evidence that the company has it.
The company all so says that external revenue is generated through Online Gambling. Gambling is highly regulated and any profits made need to be licensed but Crowd1 shows nothing at all to prove that. Naturally, no information about any of the supposed gaming partners Crowd1 has not really provided this..
Yet despite that, the company simultaneously touts accumulated returns of 450%.
Crowd 1 Reviews from Trustpilot. Not happy people to be honest. These are the most up to date reviews for Crowd 1 in 2020. Lots of complaints. Not worth the risk. Apparently many false 5 star ratings.
These are two major concerns and they do not offer any transparency on this at all. Gaming is strictly regulated the world over. Hence Crowd1 being shady about who their providers are, and clarification that they themselves don’t offer gambling services.
This is a regulatory concern in and of itself.
With respect to the Crowd1’s MLM opportunity, the more pressing concern is the passive investment opportunity offered through “owner rights” shares. Using new investment to pay owner rights share returns to existing affiliates would make Crowd1 a Ponzi scheme.
On top of that you have recruitment commissions, adding a pyramid layer to the scheme (again illegal the world over).
As with all MLM Ponzi schemes, once affiliate recruitment slows down so too will new investment. These kind of Binary MLM are really a kind of platform you get in quick but get out quick.
A legit Multi-Level Marketing company are those with Products to Sell. I have written about Life Plus and some of the more well known MLM companies. Like Mary Kay, even these well-established companies do come with hidden Loopholes in their compensation plans too. I spent nearly 18 months with Life Plus and never earned a penny. MLM is not an easy business model for those looking to Earn a Side Income. Many people say some MLM or Direct sales companies are like cults. Mainly targeted at stay at home mums. You can check them out I have written quite a few reviews on MLM.
Hopefully, now I have given you somethings to ponder on before you part with your hard-earned money. The majority of the time is just using your due diligence. This review is based on facts that I have found out and of course on what I know as I have been reviewing these kinds of schemes long enough, so I know what to look for. At the end of the day, the decision is yours and if you are thinking of joining Crowd1 then that is up to you. I know where I am putting my money and that is staying right in my pocket. I have some concerns about how they are running their business and it’s lack of transparency.
If you have any questions then please ask away pop them in my comment section below. If you want me to check out another program or platform then please ask and I will do the homework for you and find out if you may have concerns or not.
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