The CryptoX3 website identifies the company as a “private cryptocurrency crowdfunding & affiliate profit sharing project” of Unified Crypto Team.
Robert Q. Cash, who refers to himself as “the Crypto Cash King” is cited as the CEO of Unified Crypto Team.
Self-aggrandizement aside, Cash appears to be the owner of CryptoX3.
Robert Q. Cash’s actual name is Robert Matias.
According to his Facebook profile, Matias (right) is based out of California in the US.
MLM opportunities promoted on Matias’ Facebook page in 2018 so far include BitCoiin (pump and dump), Bit Cash Mine (Ponzi), Crypto World Evolution (unregistered securities), Vista Network (doubler Ponzi), DavorCoin (ICO lending Ponzi), CryptoBitTrade (doubler Ponzi) and eCoin University (matrix recruitment).
Read on for a full review of the CryptoX3 MLM opportunity.
CryptoX3 has no retailable products or services, with affiliates only able to market CryptoX3 affiliate membership itself.
The CryptoX3 Compensation Plan
CryptoX3 affiliates invest in profit-sharing packages on the promise of an advertised 15 or 30 day ROI.
15 Day ROI Packages
- invest $25 and receive a $30 ROI plus new $25 15 day profit-sharing package
- invest $50 and receive a $60 ROI plus a new $25 15 day profit-sharing package
- invest $100 and receive a $120 ROI plus a new $100 15 day profit-sharing package
- invest $200 and receive a $220 ROI plus a new $200 15 day profit-sharing package
30 Day ROI Packages
- invest $25 and receive a $50 ROI plus a new $25 30 day profit-sharing package
- invest $50 and receive a $100 ROI plus a new $50 30 day profit-sharing package
- invest $100 and receive a $200 ROI plus a new $100 30 day profit-sharing package
- invest $200 and receive a $400 ROI plus a new $200 30 day profit-sharing package
A 20% referral commission is paid when personally recruited affiliates invest.
CryptoX3 affiliates are paid a bonus ROI based on the number of affiliates they’ve recruited.
- recruit three or more affiliates and receive a 50% bonus ROI
- recruit six or more affiliates and receive another 50% bonus ROI
- recruit ten or more affiliates and receive a 300% ROI on all profit-sharing package investments
CryptoX3 affiliate membership is free, however free affiliates can only earn referral commissions.
Full participation in the CryptoX3 MLM opportunity requires a minimum $25 investment.
All transfers within CryptoX3 are made with either Bitcoin, Ethereum or LiteCoin.
“Profit sharing” is MLM underbelly code for “Ponzi scheme”.
Typically investments are tracked through a matrix, with a ROI paid when the matrix is filled.
CryptoX3 play the dangerous game of setting a time-limit of either 15 or 30 days.
At its most ruthless, CryptoX3 paying a 300% ROI every 15 days isn’t going to last long.
Or it wouldn’t if CryptoX3 didn’t limit every affiliate to a maximum of $400 every 30 days.
Like any other Ponzi scheme, CryptoX3 needs a constant stream of new investors to keep ROI payments funded.
Despite the ever-increasing risk affiliate recruitment will dry up and leave the majority of investors out of pocket, Robert Matias claims CryptoX3 has “ZERO RISK & ALL Upside”.
The Profit Sharing Packages are then USED to Purchase Targeted Crypto Traffic to Generate NEW PAID Members.
This is more of a promise to try to attract new investors, with the notion of perpetually generating new investors through targeted traffic ridiculous.
No matter how hard you push a Ponzi scheme, eventually ROI liabilities will exceed new investment. And again, CryptoX3 at its worse is generating a 300% ROI on each investment every 15 days.
Despite having to operate within the confines of the laws of mathematics, CryptoX3 encourages investment by touting a “Profit Assurance Plan”.
With Each of Our Profit Sharing Packages we have Our Exclusive “Profit Assurance” Plan! Which is if they do not produce a Profit after 15 or 30 days – You can still Request your Original Purchase Amount BACK or you can Keep it in to Realize your Profits!
Regardless of what Matias is promising with CryptoX3, once he’s used your investment to pay someone else it’s gone.
If no new suckers join after you, he can’t pay you (reinvestment will only go so far without new investment).
Don’t just take my word for it though. Matias initially launched CryptoX3 as BitcoinX4.
CryptoX3 is the NEW & IMPROVED version of BitcoinX4 which was our original program.
BitcoinX4 collapsed and so in order to mitigate investor losses, Matias rebooted the scheme under a different name (he is however using the same domain name).
When CryptoX3 inevitably collapses, the same thing will happen again. Only this time the victim pool will be larger.
Seeing as there’s only so many times you can reboot a scam before there’s nobody left to scam.
Fool me once, fool me twice… you know how it goes.