Is MCO Crypto.Com a SCAM?
It’s still too early to tell if it is SCAM or not. But what’s interesting.
There is something you have to consider, you can’t get 50$ if you don’t give them 200$.
So that’s not a Sign-Up Bonus of 50$ once you can’t withdraw it and it is “locked” on your account. You can get the 50$ Bonus they offer, only if you deposit 200$ on their app account and lock it for staking, so in reality that’s not a 50$ Bonus, but a -150$ from your balance, and that’s not all.
They also offer 50$ referral bonus, but you can’t get it also unless your referral deposits 200$ on their app. So here we go again, they don’t give you 50$, that’s your referral who gives them 200$ and they share a 50$ of that amount with you, along with it, your referral gets a 50$ for signing up with your referral code only after making a deposit of 200$.
Making a simple calculation you can find out that the 200$ deposit is shared between the referral 50$, user 50$ and 100$ is for Crypto.com.
But here the story doesn’t end, they offer 12% of income for staking your funds, but we have literally no idea of how this profits are generated, and that might be a hidden MLM system, where they share their profits of new signed up users locked amount, I find it pretty interesting.
Why it’s interesting? Because we have seen such a schemes many times, for example Bitcoinnect or MMM, the difference here is that the bonuses are limited, but what if they stop getting new sign-ups? I see literally no other way to generate income for Crypto.com. But, there is an exchange!
Yes, Crypto.Com launched an exchange so they can get a new source of generating income, that might help the business and extend it’s lifetime, it all depends on how good they will manage the exchange and make it really profitable, but there are a lot of questions on that. I have no idea if they had a positive experience in launching any online business, but who f̶u̶x cares?
What about the Crypto.com Coin (CRO)? Is it really a coin? Nah, that’s a fully pre-mined Ethereum token with total supply of 100.000.000.000 CRO. Oh my ducking god, even Justin Sun is out of competition with only 99.2 billions of TRX. So what is my point here, the Crypto.com is just shilling their token and business, very well marketing here, I cannot their marketing strategy.
Based on bitcointalk forum, the crypto.com thread looks nice, users can deposit and withdraw funds and even “earn” interest. But let’s see how it goes on, if you want to give a try, you can use my referral link https://platinum.crypto.com/r/tsn8jk3tae to sign up and we both get $50 USD :) Oh, wait. You have first to deposit 200$ to get that 50$, what a joke. LMAO.