Crowd 1 Review, Is it a scam or is it legit?

 Crowd 1 Review, Is it a scam or Legit? All you need to know.

Someone might have probably invited or referred you to a company named Crowd 1, citing it as a great way to increase your income, earn passive and residual income, fire your Boss in 1 year and achieve financial freedom. Well, that may not be far from the truth as search for crowd 1 on google has sky rocketed over the last few months especially now that convid-19 has dealt with the finances of many people and they are probably on the look for a way out.

We will take you through all you need to know about Crowd 1, Is it a scam or Legit?

WHAT IS CROWD 1?

Crowd 1 is an online MLM opportunity that offers shares that you can purchase and earn from building a network of investing members shares as well.

The program offers what I can see as educational training guides on various topics from real estate to cryptocurrency trading.

But is this their source of income? I guess not. Keep reading to find out

We looked into the domain and we found something interesting;

The domain name “crowd1.com” was registered in 2007 but then updated in 10-2018.

The listed owner is named, Stelios Piskopianos of Crowd1 Network Europe Ltd

Stelios has a LinkedIn account that lists details about his financial services background that includes strong IT skills and extensive knowledge of computer information systems according to his profile.

He has some legitimate companies that he either works for or has worked for on his LinkedIn profile but fails to list any information about his new Crowd1 company for some reason.

CROWD 1 PRODUCTS REVIEW

After going through the website we were an unable to find any retail product even though there are using MLM business model. What you will get when you make an investment to join Crowd 1 will be educational training product on topics like:

Real Estate

Funding and Marketing and more

You will also get access to platforms like;

AffilGo, which is a crowd affiliate site that members can generate money through the gaming companies that are participating.

Miggster, which is an online mobile game and social media games that members will have access to

That is all there is to the products that Crowd1 offers

 

HOW TO MAKE MONEY IN CROWD 1

Activate your Account by buying an education package of your choice.

Recruit two people, one to your Left Leg and the other to your Right Leg and automatically you will start earning what is called Binary Bonus

(For new members)

If you recruit 4 people within 14 days of ACTIVATING your account, then you get between €125.00 to €3000.00 as your Fear of Loss Bonus.

Upgrade to a higher package especially by taking advantage of the epic promotion because you will save a lot of money if you upgrade during the promotion time.

If you don't have 2 people as direct downlines, then you will miss the Binary Bonus as well as the Streamline Bonus.

(Therefore it's a MUST that each Crowd1 member must at least have 2 direct downlines)

You can fail to recruit 20 people but NEVER FAIL to recruit just 2 people because those two people are your key to success.

You can also earn from the hard work of your upliner (Sponsor) because whomever your upliner recruits will spillover to his/her downliners. But if you don't have your 2 people in order to open your Binary then you will also NOT receive anything from your Sponsor's hard work.

We also earn profits from our third party partners and at the moment we have AffilGo and Miggster more partners are going to be introduced in coming months.

We have started receiving monthly Residual Income

Quarterly we shall also receive a Quarterly Cash payouts. The total number of your Crowd1 Rewards will determine how much you will receive on. The more C1 Rewards the more the money.

READ MORE: Lion’s Share Review. Scam or legit?

HOW TO JOIN CROWD 1

There are 4 levels that you can invest in to start which are:

✅White  📦€99 (50,000 Naira)

✅Black 📦€299 (150,000 Naira)

✅Gold 📦€799 (400,000 Naira)

✅Titanium 📦 €2499 (1,250,000 Naira)

CROWD 1 COMPENSATION PLAN

Streamline Bonus:

This is where you get paid for just signing up and activating your account. You get it without recruiting anybody, however, you get more when you start recruiting. There are 15 Levels in Streamline Bonus. You are placed on Level 1 even without recruiting anybody, and you'll be paid on WEEKLY BASIS.

Fear of Loss:

This is a special gift from the company where you have the chance of winning €3,000 within 14 days (after signing up) if you refer 4 active members. Make sure you have at least 1 person on any side of the legs, don't put all 4 in 1 leg. See how you earn below:

Invite 4 White Members = Earn €125 ($137.80).

Invite 4 Black Members = Earn €375 ($413.39).

Invite 4 Gold Members = Earn €1,000 ($1,102.37)

Invite 4 Titanium Members = Earn €3,000 ($3,307.10)

Note: If there is a combination of packages; for example, 2 White and 2 Black, the lesser bonus, in this case €125, is what you are going to get.

But if the 2 White upgrades to Black before your 14 days expires, the remaining bonus is paid to you on the Black Package.

If your 14 days expires before completing your 4 downlines, you are no longer qualified to earn Fear of Lose Commission but you'll earn other bonuses.

 

Binary Bonus:

This bonus is currently making people millionaires in just one month. You get this bonus everytime you bring a person into the business. It's paid same time and withdrawable instantly. Unlike other binary business that pays you from your weak leg; here, you get paid both from your strong leg and your weak leg.

The Binary Bonus is given as points and then converted to Cash, which you can withdraw.

1 Point = $0.10

Each Active Member (direct, indirect or spillovers) under you gives you some point depending on the package they sign up for, or upgraded to.

Below is the number of points each Active Referral gives you depending on the package:

White = 90 Points

Black = 270 Points

Gold = 720 Points

Titanium = 2,250 Points

Below is what you earn as Binary Bonus for each Active Referral, considering that a point is worth $0.10

White = €9 ($9.92)

Black = €27 ($29.76)

Gold = €72 ($79.37)

Titanium = €225 ($248.03)

The 20% And 80% Binary Bonus Division:

Using the White Package as an example; let's say you have 4 Active Downlines, your total points would be 360 (90 x 4), which amounts to €36 (360 x $0.10). 20% of the €36 which is €7.20 goes to the Owner Rights, while 80% which is €28.80 goes to your Account Balance.

Matching Bonus:

This bonus allows you to earn 10% of everything your direct downlines earn. For example if your downlines earn €4,000 every day, you earn €400. Hope its clear. You earn up to infinity width and infinity 5 generation deep.

Network Levels:

The points you accumulate from Binary Bonus help to move you from one Rank or Level to another. This attracts more income.

A new level will give you access to a higher Gaming residual income. Also, when you reach level 8, you will be invited to a luxury VIP Cruise!

Starter (S) = 0-499 Points ==> Gives you 5% Residual Income

Team Leader (T) = 500-2,500 Points ==> Gives you 5% Residual Income

Co-ordinator (C) = 5,000-25,000 Points ==> Gives you 5% Residual Income

Manager (M) = 50,000-250,000 Points ==> Gives you 5% Residual Income

Director (B) = 500,000-2,500,000 Points ==> Gives you 10% Residual Income

President (P) = 5,000,000-25,000,000 Points ==> Gives you 10% Residual Income

Affiliate Residuals Income:

This is a monthly income you'll be receiving from the company.

WHAT IS CROWD 1 GIFT CODES?

GIFT CODES is a PAYMENT METHOD within Crowd 1

It is the most effective way of paying or activating your account. The fastest and the easiest way to pay.

For you to have a GIFT CODE you need to be assisted mostly by the same person who is recruiting you, You DO NOT PAY CROWD 1, you will be paying the person who is selling a Gift CODE.

To existing Member - A GIFT CODE is Method of WITHDRAWAL.

So a member can withdraw by helping a New member who needs to get in or Pay / Activate or upgrade his/herCrowd1 Account.

YOU PAY FOR A GIFT CODE then YOU GET A GIFT CODE.

Before we continue, we would like you to know what a Pyramid Scheme is all about

What is a pyramid scheme?

A company that promises future payments to members for recruiting more people into the company rather than offering a product or service.

Pyramid Systems are totally unsustainable and illegal in most countries.

 

TOP LEADERS IN THE DIRECT SELLING INDUSTRY, GOVERNMENT INSTITUTIONS AND REGULATORS IN MANY COUNTRIES HAVE TAGGED CROWD 1 AS A FRAUD, SCAM AND PONZI.

 1. New Zealand:

“We recommend exercising caution before dealing with Crowd 1 and Impact Crowd Technology S.L. as they are not registered companies or financial service providers in New Zealand”.

2. Norway:

“The Lottery Authority records that Crowd 1 is being traded in a pyramid system”.

3. Philippines:

“The Commission has received information that an individual or group of persons representing an entity named CROWD 1 ASIA PACIFIC INC. (CROWD 1) are enticing the public to invest their money in the said entity with the promise of high monetary rewards or profits.

Those who act as salesmen, brokers, dealers or agents of the said entity in selling or convincing people to invest in the investment scheme it is being offered including soliciting investments or recruiting investors through the internet may be held criminally liable under Section 28 of the SRC and penalized with a maximum fine of Five Million Pesos (Php5,000,000.00) or imprisonment of Twenty One (21) years or both pursuant to Section 73 of the SRC (SEC vs. Oudine Santos, G.R. No. 195542, 19 March 2014).”

4. Namibia:

The core business activity of Crowd 1 is to introduce new members of the public to its business practice. Participants who join as members are encouraged to recruit new members through promises of bonuses and additional owner rights. The primary source of income for Crowd 1 is generated through the recruitment of new members.

5. Paraguay:

The CNV identifies Crowd 1 as a securities offering. The regulator notes Crowd 1 is not registered with the CNV and therefore operates illegally. It is also illegal to promote unregistered securities. Promoters of Crowd 1 in Paraguay face up to three years imprisonment or a fine.

6. Mauritius:

The FSC hereby informs the public that Crowd 1 and/or any individuals/ representatives or promoter groups operating under this name are not and have not, at any point in time, been licensed and regulated by the FSC

 

CROWD 1 CONS

It has been red flagged by top direct selling Leaders

It is considered illegal in many countries like Philippines and Paraguay

CEO has a history of making big profit then crashing

No retail products

Unclear products/ services

Pyramid scheme in disguise

Complicated words and black hat sales techniques

Crowd 1 has no income disclosure statements like many MLM companies.

 

WHAT YOU NEED TO KNOW ABOUT CROWD 1 CEO

Crowd 1 CEO has a history of scaling then crashing companies.

The CEO, Johan von Holstein, has founded 4 companies before and here are the results...

Founder of Icon Medialab - Public in 1999, 3,000 employees in 32 offices - Shares plummeted by 98% in 2001 & suspended from the Stockholm exchange before merging with Lost Boys in a reverse takeover

Founder of LetsBuylt - Raised $180 million in 2000 and then declared bankruptcy in March 2002

Founder of IQube in 2004 - one of the largest private incubators in Europe - it liquidated in 2009

Founder of MyCube (which challenged Facebook!) in 2008 - the first decentralized social exchange that prioritized privacy, ownership, and user freedom to monetize on their own creativity, it raised $8 million in 2011 - filed for voluntary liquidation in August 2012

 

My final thoughts on Crowd 1……

MY CONCLUSION

Crowd 1 is technically not a scam but operates as a Pyramid scheme in disguise. You could actually make money in Crowd 1 by recruiting more people but such is highly unsustainable, and so I do not to see a future in crowd 1 unless they have a good retail product added in the future.

I personally would not join crowd 1 and I wouldn’t advise people to join too.

You now have all the information to make an informed decision of whether to join or not.

I hope you enjoy this review, click on the subscribe button to get more reviews on businesses and Investments and If you want us to feature a company in upcoming reviews, drop the name on the Comment box with the word ‘Review’ before it.

Be part of Servixme Entrepreneur Community, join thousands of our subscribers today to get daily update! To get more information daily, hit the Subscribe Button. Follow us on Facebook, Twitter and Instagram… Click here to join our WhatsApp community.