5 Level Crypto Earnings provides no information on its website about who owns or runs the company.
5 Level Crypto Earnings’ website domain (“5levelcryptoearnings.com”) was privately registered on September 7th, 2020.
It’s worth noting that 5 Level Crypto Earnings’ domain was registered through Automattic, owners of WordPress.
On their website, 5 Level Crypto Earnings claims;
We are based in the USA. Our future plan is to open offices in the UK, Asia and Europe by the end of 2020.
Top earners named on 5 Level Crypto Earnings’ website include Aaron Harrold, John Bruce, Stephen Goodwin, Linda Sislar and Velma Joseph.
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.
5 Level Crypto Earnings’ Products
5 Level Crypto Earnings has no retailable products or services, with affiliates only able to market 5 Level Crypto Earnings affiliate membership itself.
5 Level Crypto Earnings’ Compensation Plan
5 Level Crypto Earnings affiliates invest funds on the promise of a passive return.
- Silver – invest $50 and receive a share in 10% of “weekly profit”
- Gold – invest $300 and receive a share in 20% of “weekly profit”
- Diamond – invest $1000 and receive a share in 30% of “weekly profit”
Note that “weekly profit” is not defined (see review conclusion for more information).
Also note that despite the company name, there’s no mention of cryptocurrency on 5 Level Crypto Earnings’ website.
5 Level Crypto Earnings pays referral commissions down five levels of recruitment:
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.
5 Level Crypto Earnings caps payable unilevel team levels at five.
Referral commissions are paid out as a percentage of funds invested across these five levels as follows:
- level 1 (personally recruited affiliates) – 40%
- level 2 – 15%
- level 3 – 8%
- level 4 – 4%
- level 5 – 3%
Gold and Diamond tier 5 Level Crypto Earnings earn “special commissions … once a month”.
No specific information is provided.
Joining 5 Level Crypto Earnings
5 Level Crypto Earnings affiliate membership is tied to an initial $50 to $1000 investment:
- Silver – $50
- Gold – $300
- Diamond – $1000
The more a 5 Level Crypto Earnings affiliate invests, the higher their income potential.
5 Level Crypto Earnings is a simple Ponzi scheme.
Newly recruited affiliates sign up and invest. That money is used to pay referral commissions and a weekly ROI.
In turn, those affiliates then receive funds from affiliates recruited after them in the same manner.
5 Level Crypto Earnings claims its investment packages are “worth millions of dollars”.
One thing I initially noticed is that the math behind 5 Level Crypto Earnings doesn’t seem to add up.
60% of invested funds used to pay returns and 70% used to pay referral commissions?
Then I realized that the ROI 5 Level Crypto Earnings pays out isn’t just what’s left after referral commissions are paid out. It’s “weekly profit”.
Weekly profit can be whatever figure 5 Level Crypto Earnings feels like paying out, after the anonymous admin(s) has/have taken a cut.
The take-away is that 5 Level Crypto Earnings is still a Ponzi pyramid regardless.
As with all MLM Ponzi schemes, 5 Level Crypto Earnings will collapse when recruitment inevitably slows down.
Despite math guaranteeing the majority of participants in Ponzi schemes will lose money, 5 Level Crypto Earnings falsely claims “every single member of 5LCE will earn great money.”
Also despite Ponzi schemes being illegal the world over (including the US, where 5 Level Crypto Earnings claims to be based out of), the company again falsely claims legitimacy.
Is 5LevelCrypto Earnings legitimate ?
Yes It is.
I haven’t cut off anything there. That’s literally a Q&A from 5 Level Crypto Earnings’ official FAQ.
Finally, I mentioned Automattic in the introduction of this review as they’re usually proactive on what can and can’t be hosted on their servers.
There’s a good possibility if they become aware of 5 Level Crypto Earning running a Ponzi scheme on their machines, they’re likely to pull the plug.
Whether it’s shut down or collapses, 5 Level Crypto Earnings will primarily benefit its owner(s) and “top earners”.
Everybody else, i.e. the majority of 5 Level Crypto Earnings investors, loses out.