The People's Options is a combination between cryptocurrency trading, mining, and lotteries. Find out how it works today in our review.
What Is The People's Options?
The People's Options is a cryptocurrency platform found online at ThePeoplesOptions.com. It’s a membership site that offers crypto mining, cryptocurrency trading, and a lottery system called “the CryptoShuffle Ticket”.
At first glance, The People's Options may look like a legitimate website and membership platform. However, a closer look at the membership plans will reveal that it’s mostly just a multilevel marketing scheme. You pay a fee to join the company, and you make money by referring other people to the platform.
The People's Options doesn’t sell any products or services. The company exclusively revolves around memberships.
How Does The People's Options Work?
The People's Options has three signup options. You invest into each option with the goal of participating in a mining and trading pool. The People's Options promises to pay you a return on your investment in the mining and trading pools, although they’re not totally clear how much money you can expect to make. They do claim to pay you daily for 9 months straight from the mining pool, while the trading pool pays out in 60 days.
In any case, here are the three plans available:
- Silver ($150 a Year): Receive an investment of $15 in both the mining and trading pools
- Gold ($500 a Year): Receive an investment of $50 in both the mining and trading pools
- Platinum ($1500 a Year): Receive an investment of $1500 in both the mining and trading pools
The company claims to pay your initial investment back at the time of maturity. So not only will you get paid daily for 60 days or 9 months, but you’ll get your investment returned to you.
Obviously, there’s going to be a catch with The People’s Options. The “catch” is that you’re charged enormous management fees and other expenses. The People’s Options charges a management fee of “up to 35%”. Then, when you withdraw your money, TPO will charge you another fee of 4%. Plus, you’re restricted to withdrawing only a certain amount per month ($2000 maximum withdrawal per month on the lowest plan).
The People’s Options Referral Commissions
The People’s Options will pay referral commissions down three levels of recruitment (unilevel). You receive referral commissions on the initial invested amounts and the daily ROI payouts.
Affiliates will receive 5% ROI from the trading and mining pool on level 1, 3% on level 2, and 1% on level 3.
Meanwhile, affiliates receive $12 to $40 for recruiting a new member to the pyramid scheme. The higher your membership level, the more money you can expect to earn in affiliate commissions.
How Does The CryptoShuffle Lottery Work?
You can participate in a lottery called the CryptoShuffle lottery to win more money.
Each purchased CryptoShuffle ticket generates a random alphanumeric value. When all CryptoShuffle tickets are sold, the assigned numbers are shuffled and a winner is chosen.
After a winner is declared, the next shuffle begins.
You’ll receive CryptoShuffle tickets when you refer new people to the platform or “invest” more money.
Who’s Behind The People’s Options?
As far as cryptocurrency pyramid schemes go, The People’s Options isn’t the worst one we’ve seen online. However, TPO has one big red flag: the company refuses to tell us who’s running the company, or why those people are qualified to handle your investments. The company has no information available online about its location, its mining farms, or any of its cryptocurrency operations.
Ultimately, when someone asks you to send them $1500 over the internet, but refuses to disclose any personal information, it’s a probable sign you’re being scammed.
The People's Options Conclusion
The People’s Options maybe yet another cryptocurrency-based multilevel marketing scheme. The company promises big returns from cryptocurrency mining and trading. In reality, there doesn’t appear to be any real mining taking place. As far as we can tell, the company will just take your investment, then continue paying until it runs out of money, at which point the scheme will shut down and everybody but the top levels will lose their investments.