Gym Network Review: BNB to GYMNET token Ponzi scheme

Gym Network provides no executive or ownership information on its website.

Instead Alberto Mera, Lewis Mhlanga and Timur Ozturk are presented as low-tier staff to represent the company:

Further research reveals affiliates citing Claudio Catrini as Gym Network’s CEO:

Why Catrini isn’t on Gym Network’s website is unclear.

Catrini claims to be a “crypto lover”. This is a relatively new development that took place over the past year.

More recently still, Catrini has gotten into the “passive income” crypto niche:

As far as the MLM crypto space goes, passive income is typically code for investment fraud.

Prior to reinventing himself as a crypto bro, Catrini was involved in digital marketing. This has primarily been through Trendda and “Claudio Catrini Akademie GmbH.

Catrini co-founded Trendda in 2019.  Claudio Catrini Akademie has been around since 2003.

On the MLM side of things Catrini co-founded Athletic Factory in mid 2021:

Athletic Factory was a German fitness themed MLM (fitness appears to be a running theme for Catrini).

Athletic Factory’s website is still up but traffic to it is dead. Athletic Factory’s official FaceBook page was abandoned in November 2021, suggesting the company has been abandoned.

Gym Network’s website domain (“gymnetwork.io”), was privately registered on December 13th, 2021.

Also Supporting Athletic Factory collapsing is Catrini relocating from Germany to Bulgaria around the same time:

Bulgaria has a
horrendous track record
when it comes to MLM regulation.

Read on for a full review of Gym Network’s MLM opportunity.

Gym Network’s Products

Gym Network has no retailable products or services.

Affiliates are only able to market Gym Network affiliate membership itself.

Gym Network’s Compensation Plan

Gym Network affiliates invest 0.05 BNB or more. This is done on the promise of a passive annual return:

Things are a little complicated but Gym Network’s “estimates” are

6.5% annually on invested BNB; and

200% annually on invested GYMNET.

If an affiliate compounds their returns, Gym Network pitches a 9.4% monthly ROI.

In another marketing slide, Gym Network pitches a 250% annual ROI:

The MLM side of Gym Network pays on recruitment of affiliate investors.

Gym Network Affiliate Ranks

There are fifteen affiliate ranks within Gym Network’s compensation plan.

Along with their respective qualification criteria, they are as follows:

Member invest 0.05 BNB and have a 500 GYMNET token investment balance

Rookie I – invest 0.1 BNB and maintain a 500 GYMNET token investment balance

Rookie II – invest 0.25 BNB and maintain a 500 GYMNET token investment balance

Rookie III – invest 0.5 BNB and maintain a 500 GYMNET token investment balance

Amateur I – invest 1 BNB, have a 5000 GYMNET token investment balance and personally recruit two Rookie Is or higher

Amateur II – invest 3 BNB, have a 15,000 GYMNET token investment balance and personally recruit three Rookie Is or higher

Amateur III – invest 5 BNB, have a 50,

🤖 Quick Answer

Who are the listed representatives of Gym Network?

Who is identified as Gym Network's CEO?
Claudio Catrini is cited by affiliates as Gym Network's CEO, despite not appearing on the company's official website or in its publicly listed executive information.

What is Claudio Catrini's professional background?
Before entering cryptocurrency, Catrini worked in digital marketing through companies including Trendda and Claudio Catrini Akademie GmbH, establishing his professional foundation in marketing and business development.

How did Catrini transition to cryptocurrency?
Catrini recently rebranded himself as a cryptocurrency enthusiast and entered

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