The CryptoMonsoon website provides no information about who owns or runs the business.
The CryptoMonsoon website domain (“cryptomonsoon.io”) was registered on November 3rd, 2018.
No registrant is given or address details of the owner, other than the country Panama.
The official CryptoMonsoon Facebook page lists two admins; Ukari Obene and Aakash Munch.
Ukari Obene resides in Nigeria and cites himself as an Alliance in Motion Global affiliate on his Facebook profile.
Aakash Munch resides in London in the UK and of the two seems to be running the show;
Prior to CryptoMonsoon Munch appears to have been running some sort of forex trading scheme.
Read on for a full review of the CryptoMonsoon MLM opportunity.
CryptoMonsoon Products
CryptoMonsoon has no retailable products or services, with affiliates only able to market CryptoMonsoon affiliate membership itself.
Once signed up, CryptoMonsoon affiliates are able to invest in adpacks.
Each adpack is bundled with advertising credits, which can be used to display advertising to other CryptoMonsoon affiliates.
The CryptoMonsoon Compensation Plan
CryptoMonsoon affiliates invest in $40 adpacks on the promise of an advertised 130% ROI.
Referral commissions on funds invested by recruited affiliates are paid down three levels of recruitment (unilevel):
level 1 (personally recruited affiliates) – 7%
level 2 – 2%
level 3 – 1%
Note that all ROI and referral commissions are made in CMN,
an altcoin created and entirely controlled by CryptoMonsoon.
Joining CryptoMonsoon
CryptoMonsoon affiliate membership is free.
In order to fully participate in the attached MLM opportunity however, a minimum $40 investment is required.
Conclusion
What if Traffic Monsoon used cryptocurrency to scam people instead of USD?
That’s pretty much all CryptoMonsoon is.
Nuts and bolts wise CryptoMonsoon is your typical adcredit Ponzi scheme.
Participants sign up, invest, that money is used to pay existing investors and then those affiliates steal from those who join after them.
The introduction of an in-house altcoin slightly changes that formula, but the flow of money remains the same.
CMN is an altcoin that holds no value outside of CryptoMonsoon. Aakash Munch creates CMN on demand, at little to no cost.
CryptoMonsoon affiliates invest real money in exchange for a 130% ROI paid in CMN.
Exactly how much CMN is dumped on a participant is determined by whatever Munch sets the internal CMN value at any given time.
The use of CMN further allowed CryptoMonsoon to “pay” affiliates a 130% ROI, even if there’s no money to pay out.
This is because returns are only actually realized through a “high-tech internal exchange”.
In order to actually realize a return on the $40 initially invested, a CrpytoMonsoon affiliate needs to sell CMN on the internal exchange.
The buyers?
Gullible CryptoMonsoon affiliates or Munch through the company itself.
The MLM crypto ICO exit-scam model sees an admin generate a ton of some bul
🤖 Quick Answer
What is CryptoMonsoon and who operates it?CryptoMonsoon is a cryptocurrency-based scheme launched in 2018 with domain registration in Panama. The operation is primarily managed by Aakash Munch (London-based) and Ukari Obene (Nigeria-based), who serve as Facebook administrators. The company provides no verifiable ownership information beyond the Panama registration details.
What are the main characteristics of CryptoMonsoon's business model?
CryptoMonsoon operates as a multi-level marketing structure without retailable products or services. The scheme incorporates an altcoin called CMN and incorporates elements previously associated with forex trading operations, presenting characteristics consistent with pyramid and exit-scam structures rather than legitimate commercial enterprises.
What background do CryptoMonsoon's operators have?
Aakash Munch appears to have previously operated forex
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