Kryptomusk fails to provide ownership or executive information on its website.
Kryptomusk operates from two known website domains:
kryptomusk.com – privately registered on November 25th, 2022
kryptomusk.net – privately registered on on November 26th, 2022
In an attempt to appear legitimate, Kryptomusk provides incorporation details for “Kryptomusk LTD” and “Kryptomusk LLC”.
Kryptomusk LTD was purportedly incorporated in the UK on December 22nd, 2022.
An MLM company operating or claiming to operate out of the UK is a red flag.
UK incorporation is dirt cheap and
effectively unregulated
. On top of that the FCA, the UK’s top financial regulator,
do not actively regulate MLM related securities fraud
.
As a result the UK is a favored jurisdiction for scammers looking to incorporate, operate and promote fraudulent companies.
For the purpose of MLM due-diligence, incorporation in the UK or registration with the FCA is meaningless.
Kryptomusk LLC is purportedly a shell company incorporated in Delaware on February 7th, 2023.
Due to the ease with which scammers are able to incorporate shell companies with bogus details, for the purpose of MLM due-diligence shell incorporation in
any
jurisdiction is again meaningless.
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.
Kryptomusk’s Products
Kryptomusk has no retailable products or services.
Affiliates are only able to market Kryptomusk affiliate membership itself.
Kryptomusk’s Compensation Plan
Kryptomusk affiliates invest USD equivalents in cryptocurrency. This is done on the promise of advertised returns:
Basic Plan – invest $25 to $9999 and receive 1.5% a day for 180 days
Premium Plan – invest $10,000 to $49,999 and receive 2% a day for 150 days
Executive Plan – invest $50,000 to $149,999 and receive 2.5% a day for 120 days
The MLM side of Kryptomusk pays on recruitment of affiliate investors.
Referral Commissions
Kryptomusk pays referral commissions on cryptocurrency invested by personally recruited affiliates:
Basic Plan tier affiliates receive an 8% referral commission rate
Premium Plan tier affiliates receive a 9% referral commission rate
Executive Plan tier affiliates receive a 10% referral commission rate
Residual Commissions
Kryptomusk pays residual commissions via a binary compensation structure.
A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).
Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.
Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note there is no limit to how deep a b
🤖 Quick Answer
What ownership information does Kryptomusk disclose?Kryptomusk fails to provide ownership or executive information on its official website, raising transparency concerns typical of questionable financial operations.
How many website domains does Kryptomusk operate?
Kryptomusk operates two known website domains: kryptomusk.com, privately registered November 25th, 2022, and kryptomusk.net, privately registered November 26th, 2022.
What incorporation details does Kryptomusk claim?
Kryptomusk claims incorporation of "Kryptomusk LTD" in the UK on December 22nd, 2022, and "Kryptomusk LLC," presenting these details to appear legitimate to potential investors.
Why is UK incorporation considered problematic for MLM companies?
UK incorporation is inexpensive and minimally regulated. Additionally,
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