Crypto Monsoon (CMN ICO Token) Review: Safe Cryptocurrency MLM AdPack Opportunity?
Crypto Monsoon is an advertising platform that revolves around the use of digital tokens. Find out everything you need to know about Crypto Monsoon today in our review.
What Is Crypto Monsoon?
Crypto Monsoon, found online at CryptoMonsoon.io, is a blockchain-based advertising platform. The platform uses its own native tokens called Crypto Monsoon tokens, or CMN. The tokens are ERC20 coins on the Ethereum blockchain. A token sale for CMN tokens is underway throughout February and March 2019.
The company appears to be based in London, UK, where it’s registered under the name Crypto Monsoon Limited. Overall, however, there’s limited information about Crypto Monsoon online. The company has attracted limited press and media attention to date. Most of the information we know about the company comes from its official website, where the company describes itself as a “pioneer in blockchain advertisement.”
What Does Crypto Monsoon Sell?
What exactly does Crypto Monsoon sell? Here’s how the company describes its products and services on the official website:
“Cryptomonsoon is the best place for advertisers to promote their product and get targeted traffic exposure for their product. We are placing the world’s best technology with artificial intelligence to help our advertisers to gain the best from our product.”
The website is filled with grammatical errors and shoddy English like this.
- In any case, some of the core products and services offered by Crypto Monsoon include:
- A stable token called the CMN that Crypto Monsoon claims are backed by the USD
- Multiple advertisement packages
- Multiple traffic packages, allowing you to buy traffic for your own website
- ICO advertising packages
Essentially, Crypto Monsoon is selling advertising and marketing packages to companies in the crypto space. The company appears to allow anyone to buy traffic and advertisements. Then, Crypto Monsoon will direct traffic towards your website.
Crypto Monsoon also claims that users can enjoy 75% revenue sharing. As a member of Crypto Monsoon, you can earn commissions as high as 75%. The company also claims some users can earn 130% on every advertising package.
Is Crypto Monsoon a Multi-Level Marketing Scheme?
Crypto Monsoon appears to be a pyramid scheme or multilevel marketing scheme. The company has a multi-tier commission structure where users are rewarded for recruiting others into the platform.
Crypto Monsoon’s commission structure goes down 3 tiers for ICO advertising packages and regular advertising packages:
- Tier 1: 7%
- Tier 2: 2%
- Tier 3: 1%
Crypto Monsoon makes ridiculous claims about the amount of commission users can expect to make. Users are told to expect to earn commissions of 75% to 130%, which seems to indicate that you can earn more money than what the customer actually spent – which seems impossible. Meanwhile, the three-tier system mentioned above claims to pay 10% total commissions – which seems more reasonable.
The “secret” to Crypto Monsoon’s revenue sharing appears to be simple: instead of giving users real money, the company gives out arbitrary digital tokens called CMN. These tokens do not appear to have any value whatsoever. They’re being sold via an ICO throughout February 2019 at a price of $0.01 USD.
In other words, instead of paying users 130% in “real” money, Crypto Monsoon will pay you 130% returns in their arbitrary digital token called CMN, which has no real value or purpose.
Crypto Monsoon Products
The Crypto Monsoon whitepaper mentions three specific products:
Adpack: You can buy an advertising package or “adpack” for $40. After you buy this advertising package, you are guaranteed to earn back 130% of your investment. It’s unclear how the package works or how Crypto Monsoon can promise such absurd ROIs.
Stacking Adpack: This advertising package is catered to more “long term investors”. It promises to pay investors dividends of 12% per year.
Marketing Services: The third and final product offered by Crypto Monsoon is its marketing services. The company can display login advertisements, launch webpages, run email campaigns, or conduct a PPC ad campaign, for example. Banner and text ads are also available for sale, and crypto companies can purchase traffic through the traffic exchange.
Overall, the 13-page whitepaper does a horrible job of explaining Crypto Monsoon’s products and services. Investors are told to expect enormous ROIs, although it’s unclear how any of these products or services work.
How Do Crypto Monsoon Tokens (CMN) Work?
Crypto Monsoon is releasing its own token called the Crypto Monsoon token, or CMN. Confusingly, there’s already a token using the CMN acronym. In fact, there may be two tokens already using that acronym. CMN appears to be associated with an ERC20 token called Common as well as a crypto exchange trading platform token called Cryptomom Token.
In any case, the Crypto Monsoon token ICO is underway throughout February and March 2019. ICO details include:
- Token Sale Dates: February 10, 2019, to March 5, 2019
- Number of Tokens Available for Sale: 470,000,000
- Total Circulating Supply: 850,000,000
- Token Price: $0.01
There are multiple rounds to the ICO during which various numbers of tokens will be sold. Over the course of the 8 rounds, Crypto Monsoon expects to sell all 470 million tokens.
Of the total supply of tokens, 55% is reserved for the token sale. The remaining tokens are dedicated to a “Reserve Fund” (30%), the “team and advisors” (10.5%), and a bounty program (4.5%).
Meanwhile, the company claims the money from the token sale will be used for “business development and apps” (45%), marketing and sales (28%), legal and advisory (17%), and administrative and operations (10%).
Who’s Behind Crypto Monsoon?
Crypto Monsoon refuses to disclose any information about its team, its location, or its experience with crypto. The company’s About Us page has just one real sentence:
“Crypto Monsoon is a digital advertising agency offering a full range of marketing capabilities for effective online advertising and brand promotion.”
The whitepaper and website do not list the names of a single individual involved with the company. We also don’t know anything about where the company is based, or what kind of cryptocurrency experience they have.
When a company is asking you to invest in their token sale while refusing to disclose any information about themselves, it’s a sign you’re probably dealing with a scam. Plus, Crypto Monsoon is reserving nearly 50% of its CMN tokens exclusively for itself, which is particularly shady given the lack of transparency.
Crypto Monsoon appears to be launching some type of multilevel marketing-fueled advertising platform catered to crypto companies. The company claims its platform is
“the best place for advertisers to promote their product and get targeted traffic exposure.”
In reality, there doesn’t seem to be any legitimate product or service available here. Furthermore, Cryptocurrency Monsoon makes ridiculous claims about the amount of money users can expect to earn or the value of their products (“billion dollar apps” are said to be in development). The mysterious token sale, where approximately half of the CMN tokens are reserved for the company, also seems suspicious.
Capping off all of these red flags is one final bit of ridiculousness: the company refuses to disclose any information about who’s behind it or where they’re based.
Overall, all signs point towards Crypto Monsoon being a blatant bitcoin scam. Even if the company does pay investors the guaranteed ROIs of 130% per year or 12% per month, the returns will be paid in CMN tokens – an arbitrary ERC20 token with no real value or purpose. For all of these reasons, it may be best to steer clear of Crypto Monsoon until the company becomes more transparent about its team and its business model.