Greenox Club claims to do what other Crypto exchanges are not doing and by this, they claim to provide speculative investors with an edge. The site tells its audience that they are focusing on providing answers to the following questions and concerns:
With so many cryptos available these days, how are investors supposed to know where to place their money?
How are they supposed to choose the ‘right’ ones?
After spotting this difficulty for investors, they got to work on Greenox, a platform that sends cryptos through a due diligence process and is easy to use for all.
They recommend crypto currencies that have the biggest potential in the weeks, months, and years ahead.
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However, they provide no information on their website about who owns or runs the company. Greenox Club’s website domain (“greenoxclub.com”) was privately registered on September 15th, 2018. Greenox Club marketing videos suggest the company is being run by this guy:
No idea who he is but based on a May 2019 marketing video, he appears to be based out of Croatia.
Supporting Greenox Club being operated out of Croatia is the use of euros to fund its compensation plan. That said, Greenox Club’s primary investor-base seems to be Asians. Languages other than English provided on Greenox Club’s website are Japanese and South Korean. 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. If you want to invest in Crypto currencies, you should ensure that you are using proper tools and not platforms that have not been verified to provide a reliable investment project.
As far as we can tell, Robotina appears to be independent project from Greenox Club.
Well, sort of.
A video, titled “Greenox at Robotina’s headquarters 2018“, was uploaded to Greenox Club’s official YouTube channel in November 2018.
The video is Robotina branded and a few seconds in, is revealed to be the “first ROX presentation event”.
In their marketing material however, Greenox Club openly refers to Robotina as a “business partner”.
This implies, at least on Greenox Club’s behalf, a professional relationship between the two companies
Greenox Club has no retailable products or services, with affiliates only able to market Greenox Club affiliate membership itself.
By the way, if anyone knows who our mystery Croatian running Greenox Club events is, feel free to let us know in the comments below. Otherwise Greenox Club is your typical MLM crypto Ponzi scheme… in ROX.
Mystery Croatian man or whoever he’s running Greenox Club with quite obviously is/are sitting on a ton of ROX. Enough at least to run a fraudulent investment opportunity with.
Greenox Club’s owner’s ROX stash is offloaded to gullible investors for EUR.
Greenox Club’s Compensation Plan
Greenox Club affiliates start by purchasing Robotina (ROX) tokens from the company’s anonymous owner(s).
Once acquired, affiliates place invested ROX into Greenox Club’s “ESCO” investment scheme.
In addition to mandatory ROX set aside for trading at the Gold and Diamond tiers, Greenox Club affiliates purchase ROX to invest in ESCO as follows:
Greenox Club don’t specify how the three month lock works but presumably it’s paid out at half the six month ROI.
Note that affiliates can also purchase ROX externally and place it into ESCO.
There are eleven affiliate ranks within Greenox Club’s compensation plan. BV is generated via affiliate membership fees and ESCO package investment. For specific BV amounts generated refer to “residual commissions” below.
The company affiliates are paid both on newly recruited affiliate fees and ESCO package investment.
The website states they pay direct referral bonuses in ROX is possible, otherwise in combination with EUR.
The company 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 binary team can grow.
Payment of affiliate membership fees and ESCO package investment generates sales volume (BV) across the binary team.
If this ponzi scheme gets big enough, when the time comes for gullible investors to dump accumulated ROX, the public value will crash even further.
Not that Greenox Club’s Croatian admins will care. Remember, they take in EUR for ROX when new affiliates sign up. That’s how people lose money.
Once affiliate recruitment dips to the point it’s no longer worth running Greenox Club, expect another “here today, gone tomorrow sorry for your loss” exit-scam to play out. If you want professional tools for Crypto investing, go here.
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