Triple Penny Crypto Review: $1000 min deposit cloud mining Ponzi
Triple Penny Crypto provide no information on their website about who owns or runs the business.
The Triple Penny Crypto website domain (“triplepennycrypto.com”) was privately registered on January 25th, 2018.
Despite its website domain only having been registered 6 months ago, Triple Penny Crypto claims to have been in business since 2010.
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.
Triple Penny Crypto Products
Triple Penny Crypto has no retailable products or services, with affiliates only able to market Triple Penny affiliate membership itself.
The Triple Penny Crypto Compensation Plan
Triple Penny Crypto affiliates invest funds on the promise of an advertised monthly ROI:
- Bitcoin Plain – invest $5000 to $19,999.99 and receive a 20% monthly ROI
- Bitcoin Classic – invest $20,000 to $99,999.99 and receive a 30% monthly ROI
- Bitcoin Pro – invest $100,000 to $999,999.99 and receive a 40% monthly ROI
- Bitcoin Apex – invest $1,000,000 to $10,000,000 and receive a 50% monthly ROI
- Ethereum Bronze – invest $3000 to $9999.99 and receive a 15% monthly ROI
- Ethereum Silver – invest $10,000 to $99,999.99 and receive a 20% monthly ROI
- Ethereum Gold – invest $100,000 to $1,000,000 and receive a 30% monthly ROI
- Litecoin Basic – invest $3000 to $9999.99 and receive a 15% monthly ROI
- Litecoin Standard – invest $10,000 to $49,999.99 and receive a 20% monthly ROI
- Litecoin Premium – invest $50,000 to $500,000 and receive a 35% monthly ROI
- Ethereum Classic Flat – invest $1000 to $4999.99 and receive a 15% monthly ROI
- Ethereum Classic Mass – invest $5000 to $9999.99 and receive a 20% monthly ROI
- Ethereum Classic Elite – invest $10,000 to $100,000 and receive a 30% monthly ROI
- Bitcoin Cash Ruby – invest $2000 to $9999.99 and receive a 15% monthly ROI
- Bitcoin Cash Emerald – invest $10,000 to 49,999.99 and receive a 20% monthly ROI
- Bitcoin Cash Diamond – invest $50,000 to $200,000 and receive a 30% monthly ROI
- Zcash Unique – invest $2000 to $25,000 and receive a 15% monthly ROI
All of Triple Penny Crypto’s mining contracts are annual.
Triple Penny Crypto pay referral commissions 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.
Triple Penny Crypto cap payable unilevel team levels at ten.
Commissions are paid out as a percentage of funds invested across these ten levels as follows:
- level 1 (personally recruited affiliates) – 8%
- level 2 – 4%
- level 3 – 2.5%
- level 4 – 1.5%
- level 5 – 1%
- level 6 – 0.6%
- level 7 – 0.35%
- level 8 – 0.2%
- level 9 – 0.1%
- level 10 – 0.05%
How many unilevel team levels a Triple Penny Crypto affiliate earns referral commissions on is determined by the following qualification criteria:
- level 1 – have a total downline of at least thirty affiliates
- level 2 – have a total downline of at least sixty affiliates
- level 3 – have a total downline of at least one hundred and twenty affiliates
- level 4 – have a total downline of at least two hundred and forty affiliates
- level 5 – have a total downline of at least four hundred and eighty affiliates
- level 6 – have a total downline of at least nine hundred and sixty affiliates
- level 7 – have a total down of at least one thousand nine hundred and twenty affiliates
- level 8 – have a total downline of at least three thousand eight hundred and forty affiliates
- level 9 – have a total downline of at least four thousand eight hundred and forty affiliates
- level 10 – have a total downline of at least five thousand eight hundred and forty affiliates
Triple Penny Crypto affiliate rewards are based on unilevel team referral commission qualification:
- qualify for level 3 = “Global Event ticket”
- qualify for level 4 = iPad
- qualify for level 5 = MacBook Pro
- qualify for level 6 = “Hublot”
- qualify for level 7 = “AEP trip to Sapporo, Japan or Colombia”
- qualify for level 8 = “gold Rolex” watch
- qualify for level 9 = 2016 Mercedes-Benz GLE coupe
- qualify for level 10 = Lamborghini Urus
Joining Triple Penny Crypto
Triple Penny Crypto affiliate membership is tied to a minimum $1000 investment.
Triple Penny Crypto represent that external ROI revenue is generated through cloud mining.
The company claims to be engaged in bitcoin, litecoin, ethereum and dash cloud mining, however no evidence of mining activities is provided.
Furthermore Triple Penny Crypto’s business fails the Ponzi logic test.
In the FAQ section of their website, Triple Penny Crypto claims its been cloud mining since 2013.
The Triple Penny team has been involved in a mining business since 2013 and is one of the largest bitcoin exchange company.
Elsewhere on the company’s website, Triple Penny Crypto claims;
we can confidently say that we have given our clients a minimum of 40% profit & more on a monthly basis.
Whether you go back as far as 2010 or 2013, anyone capable of generating a minimum 40% monthly ROI would have no need to solicit investment from randoms over the internet.
As it stands new affiliate investment is the sole verifiable source of revenue entering Triple Penny Crypto.
The use of newly invested funds to pay existing affiliates a monthly ROI of 15% or more, makes Triple Penny Crypto a Ponzi scheme.
You make money by depositing in one of our account that pays you biweekly or monthly basis.
It works like having a certificate of deposit or savings account, but instead you earn a percentage of your deposit without having to work of it.
The math behind Ponzi schemes guarantees that when they collapse, the majority of investors lose money.