KryptoGeneX Scam? Yes It Is In My Opinion!
There are countless money making schemes that are trying to cash in on cryptocurrency. KryptoGeneX is offering a step by step video training system that they claim will empower you to make your own decisions when it comes to participating in this New World of Bitcoin and Cryptocurrency. My subscribers have requested that I take a look into KryptoGeneX. Here is what I have found.
KryptoGeneX Scam Claims
Whether you are brand new to the Crypto-Space or a Crypto-Enthusiast, we have something for everyone here at Kryptogenex.
Our Video Training system will take a person from Zero to Hero in just a few days. No sense in being lost or confused when dealing with Bitcoin or other Cryptocurrencies. Once you have learned the Basics of Crypto, you can then stay updated on all things Crypto through our continuing video education.
Kryptogenex also licenses one of the most productive Algorithms available in the Crypto-Industry.
- To educate Kryptogenex Members into the World of Cryptocurrency.
- To teach YOU to become comfortable when dealing with Bitcoin.
- To make available the best technologies for trading Cryptocurrency.
- To educate Kryptogenex Members of the risk involved in this space.
- To position YOU to earn Bitcoin!
KryptoGeneX Scam Reality
The five KryptoGeneX co-owners are Stephen McCullough, Kathy and Jeramie Keen, Will Fjetland and Mike Boggs. This group of “very talented individuals” is a group of MLM promoters. They are not a group of cryptocurrency experts.
Here are some of the MLM schemes they have been a part of:
Stephen McCullough – Skybiz
Kathy Keen – THWGlobal, Goodlife USA, Skilldragon
Will Fjetland – Skybiz, iwowwe, Trade Coin Club
Mike Boggs – Social Zing, Xango, Ceres Living
It is my opinion, they have rolled out this MLM opportunity to profit from people that know little about cryptocurrency. You would have to be a fool to spend $250 for training on cryptocurrency from these people.
Free cryptocurrency training is easy to find and more than effective enough to teach you what you need to know about Bitcoin.
Here are some examples:
The KryptoGeneX scam works like this:
- They use cryptocurrency buzz words to get you to part ways with $300.
- Then they convince you to recruit your friends and family to do the same thing.
- Since few people would purchase cryptocurrency training from MLM marketers, the people that will be buying this training are people looking for a money making opportunity.
- Each individual who profits, therefore, does so primarily from the payments of others who are themselves making payments in order to obtain their own profit.
They are also running a cryptocurrency investment scam called Kryptorithm.
The Kryptorithm manages crypto assets for you using an algorithm. There are three different Kryptorithm licences you can buy:
Silver 3 month licence $1000 USD in BTC
Gold 6 month licence $2000 USD in BTC
Platinum 12 month licence $3000 USD in BTC
The Kryptorithm scam works like this:
- You purchase a $1000 to $3000 licence from them.
- You invest .25BTC or more with them.
- You pay a monthly 12% management fee.
- Each month you can take your invested BTC out.
They offer no proof that the Kryptorithm algorithm can produce any kind of results in the long term. It is my opinion, this is nothing but a Ponzi scheme.
KryptoGeneX Training $250
Krypto Promoter Admin Fee$50.00
Kryptorithm licence Silver 3 month licence $1000 USD in BTC
Kryptorithm licence Gold 6 month licence $2000 USD in BTC
Kryptorithm licence Platinum 12 month licence $3000 USD in BTC
KryptoGeneX cryptocurrency training.
The Compensation plan is as such:
- $100.00 USD Direct Referral Bonus paid on every sale.
- $25.00 USD Customer Acquisition Bonus on customer only purchases.
- 1 point will be placed in the Binary on every $ 250 + $50 purchase
- ½ point will be placed in the Binary on every $250 purchase
- Every 3 sales with 1/3-2/3 balance will generate a pay step.
- Each pay step will payout up to $25.
A KryptoGenex Promoter shall not make income projections, claims, or guarantees while presenting or discussing the KryptoGenex opportunity or Compensation Plan to prospective Promoters or Customers. A KryptoGenex Promoter should inform all Promoters that success requires substantial work.
If within the first twenty-four (24) hours of the original purchase, you are not satisfied with the product, you must contact support to return the unused portion of the product for a full refund, minus shipping and handling charges. Your promoter account will then be subject to six (6) months suspension.
KryptoGeneX Scam Conclusion
In my opinion, KryptoGeneX is a recruiting scam that leads into a Ponzi scheme. The five KryptoGeneX co-owners which are claimed to be “very talented individuals” are a group of MLM promoters. They are not a group of cryptocurrency experts. They have rolled out this MLM opportunity to profit from people that know little about cryptocurrency. You would have to be a fool to spend $250 for training on cryptocurrency from these people. They are also running a cryptocurrency investment scam called Kryptorithm. They offer no proof that the Kryptorithm algorithm can produce any kind of results in the long term. It is nothing but a Ponzi scheme. I would avoid the KryptoGeneX scam.