Ram Trex: Crypto Ponzi Scheme?
Pijush Sarkar, Saurabh Sign, and Shashank Mishra founded Mass Cryp, an alleged Ponzi scheme launched in 2017. The company presented its business model as a blockchain digital advertising platform. After the platform launched, its altcoin crashed. After it crashed, the platform announced that it would be forking a MASS altcoin to create ADMC, which then drained Mass Cryp’s ROI reserves.
Those who visit Mass Cryp’s website encounter the following message:
“Due to the current price crash, unfortunately, the number of coins needed to pay at this price exceeds the hard cap limit initially set for ADMC. We have temporarily installed a $0.05 withdrawal coin price on withdrawals going forward.”
Afte the ADMC dump, the owners of Mass Cryp launched RamTrex.
Ram Trex Products & Compensation Plan
RamTrex is in the businesses of offering a RAM token mining packet investment opportunity. Those who invest $100 may receive a $120 ROI; those who invest $200 may receive a $250 ROI. Upon maturity, investors must either reinvest $100 or $200 again.
Affiliates who invest funds do so expecting the advertised ROI. Commissions are paid when mining packages are sold to retail customers or new recruit affiliates. The compensation plan features ten affiliate ranks: star, star elite, visionary, visionary elite, premier, premier elite, crypto diamond, crypto legend, crypto elite, and crypto icon. There are also residual commissions through a unilevel compensation structure.
The unilevel compensation structure places an affiliate at the top of the team and every person beneath him is part of a level. When a level one recruits new affiliates, they are placed on level two of the original affiliate unilevel team, and so forth. Commissioners receive a percentage of funds invested across twenty levels.
There is also a fast start bonus system. This system awards affiliates who qualify at the start of crypto diamond ranks within a set number of days. The bonuses range anywhere from $140 to $1500. The system also features monthly pools that allows crypto elite and crypto icon affiliates to earn a share of three rank-based monthly pools.
Ram Trex Summary
Overall, Mass Cryp’s practices are certainly questionable. The platform has collapsed twice and the internal exchange was put together hastily. The system also pays commission and ROI payments in RAM tokens only.