EthTrade Club provide details of an executive team on their website.
As below however, images used to represent EthTrade Club’s executive team are stolen from Fivver members:
One can safely assume the names provided for EthTrade’s executives also don’t exist.
The EthTrade Club website domain (“ethtrade.club”) was privately registered on January 6th, 2018.
At the time of publication Alexa estimate that over 50% of traffic to the EthTrade website originates out of Spain.
This suggests that whoever is actually running EthTrade might be based out Spain too.
Update 7th September 2018 –
Jonathan Martin (aka Jonathan Marti) has emerged as a prominent EthTrade Club insider.
Martin features in official EthTrade Club corporate marketing videos. He has also hosted official EthTrade Club events in Spain.
At the time of publication nobody has been identified higher than Martin within EthTrade Club’s corporate structure. For all intents and purposes Martin appears to be running the company.
Prior to EthTrade Club, Martin was promoting the
AiYellow
pyramid scheme.
/end update
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
EthTrade Club Products
EthTrade Club has no retailable products or services, with affiliates only able to market EthTrade Club affiliate membership itself.
The EthTrade Club Compensation Plan
EthTrade affiliates invest 0.05 ETH or more on the promise of
a 20% ROI monthly for two months or
a 25% ROI monthly for four months
Referral commissions are paid out via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
EthTrade Club initially pay referral commissions on both invested funds and ROI payouts on three unilevel team levels:
level 1 (personally recruited affiliates) – 3% on both invested funds and ROI payouts
level 2 – 2% on invested funds and 1% on ROI payouts
level 3 – 1% on both invested funds and ROI payouts
EthTrade Club affiliates who meet additional qualification criteria earn increased referral commission rates.
HomeStead
Homestead affiliates must either invest 0.5 ETH or convince others to invest 5 ETH or more.
level 1 – 7% on invested funds and 5% on ROI payouts
level 2 – 3% on both invested funds and ROI payouts
level 3 – 1% on both invested funds and ROI payouts
Metropolis
Metropolis affiliates must either invest 3 ETH or convince others to invest 27 ETH or more.
level 1 – 10% on invested funds and 7% on ROI payouts
level 2 – 3% on both invested funds and ROI payouts
level 3 – 1
🤖 Quick Answer
What is EthTrade Club?EthTrade Club is a cryptocurrency investment platform launched in January 2018 that uses Ethereum smart contracts. The platform claims to offer investment opportunities but has been identified as operating a Ponzi scheme structure, with fabricated executive credentials and stolen profile images from freelance platforms.
How were EthTrade Club's executives identified as fraudulent?
The executive team images displayed on EthTrade Club's website were sourced from Fiverr freelancer profiles without authorization. Additionally, the names associated with these fabricated executives lack verifiable existence, indicating systematic identity fraud designed to establish false credibility.
What geographic indicators suggest EthTrade Club's operational base?
Alexa traffic analysis indicates that over 50% of website visitors originate from Spain at the time of investigation. This geographic concentration suggests the fraudulent operators may be physically located in Spain, though the private domain
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