Degen Protocol Review: Drip Network spinoff Ponzi

Degen Protocol provides no information on its website about who owns or runs the company.

Degen Protocol’s website domain (“degenprotocol.io”), was privately registered on November 11th, 2021.

A YouTube link provided on Degen Protocol’s website takes us to a channel belonging to “Crypto Black Sheep”.

Crypto Black Sheep is the alias of Christopher Mason.

According to his LinkedIn profile Mason sees himself as a musician. Before becoming a crypto bro, Mason worked as an assembly line worker.

A
due-diligence document
, put together by someone with far more patience for blockchain bullshit than myself, names “Shane M” as Degen Protocol’s other co-founder.

Shane appears on Mason’s “The Blacksheep Show” YouTube videos as “Island Boy Shane”.

According to the document, both Mason and Shane M are based out of Las Vegas, Nevada in the US.

The document goes into specific detail about who the early adopters and promoters of Degen Protocol are.

There are a number of familiar faces, some of whom have a history of association with documented MLM Ponzi schemes.

As to the founding of Degen Protocol, this part of the document is of interest:

Flow I’m not familiar with but
TronChain
and
Drip Network
are both Ponzi schemes.

We learn here that Degen Protocol is a spinoff of Drip Network. A continuation of crypto Ponzi fraud that seems to date back a number of years.

For reference “clovercrypto” referenced above is Calen Powell (right).  Powell was a top promoter and earner in the
BitConnect
Ponzi scheme.

Powell was in southeast Asia during BitConnect’s run. After the multi-billion Ponzi collapsed, Powell fled to South America.

The DOJ has begun indicted BitConnect insiders. The SEC has sued several top promoters.

In 2018 Powell was
picked up and interrogated by the FBI
. Whether he’s currently a person of interest to US authorities is unclear.

Powell is currently in Peru. He periodically uploads crypto videos to his “Clover Crypto” YouTube channel.

In summary, Degen Protocol was founded by serial crypto Ponzi scammers based out of the US. Early Degen Protocol adopters and promoters are also serial Ponzi scammers.

Read on for a full review of Degen Protocol’s MLM opportunity.

Degen Protocol’s Products

Degen Protocol has no retailable products or services.

Affiliates are only able to market Degen Protocol affiliate membership itself.

Degen Protocol’s Compensation Plan

Degen Protocol affiliates invest in SH33P tokens on the promise of an advertised passive return.

The return is 3% of funds invested in Degen Protocol, paid out pro-rata based on how much a Degen Protocol affiliate has invested.

If an affiliate opts to convert their SH33P tokens to WOOL tokens, they can participate in a 1% a day investment scheme.

There’s a bunch of other nonsense investment schemes within Degen Protocol, we’ll cover those in the conclusion of this review.

The MLM side of Degen Protocol pays on recruitment of affiliate investors.

Degen Protocol pays res

🤖 Quick Answer

Who are the founders of Degen Protocol?

What is known about Christopher Mason's background?
Christopher Mason, operating under the alias Crypto Black Sheep, is a musician according to his LinkedIn profile. Prior to entering the cryptocurrency sector, Mason worked as an assembly line worker before transitioning to cryptocurrency-related activities.

When was Degen Protocol's domain registered?
Degen Protocol's website domain, degenprotocol.io, was privately registered on November 11th, 2021, with registration details kept confidential rather than publicly disclosed.

How is Degen Protocol connected to YouTube content?
A YouTube link

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