Author Avatar

editor

0

Share post:

On its website, MyPromoAd provides no information regarding who owns or controls the firm.

On December 15th, 2021, MyPromoAd’s website domain (“mypromoad.net”) was privately registered.

This supports MyPromoAd’s January 15th, 2022 launch date.

The website of MyPromoAd is offered in three languages: German, English, and Russian.

German appears to be the default language among the three options. Several pages on MyPromoAd’s website are in German by default and are not available in English or Russian.

This shows that whoever is operating MyPromoAd has links to Germany or is fluent in German.

At the time of publishing, Alexa rates the leading sources of traffic to MyPromoAd’s website as Israel (20%), Switzerland (20%), and Indonesia (20%). 

If an MLM firm is not transparent about who runs or controls it, consider twice before joining and/or turning over any money.

Products by MyPromoAd

MyPromoAd does not provide any retailable items or services.

MyPromoAd affiliates can only advertise MyPromoAd affiliate membership.

Affiliates are given ad credits, which may be used to buy advertising on the company’s website.

Compensation Plan for MyPromoAd

Affiliates of MyPromoAd pay $20 for slots in a five-tier 23 matrix cycler.

A 23 matrix puts an affiliate at the top of the matrix, with two spots right behind them:

These two places constitute the initial level of the matrix. The second level of the matrix is created by dividing the initial two slots into two additional positions each (4 positions).

Level three of the matrix is constructed in the same way and has eight places, bringing the total to fourteen.

Tiers of MyPromoAd cyclers include $20, $50, $300, $1000, and $10,000.

When all of the places in a matrix are filled, a “cycle” is started and a commission is paid out. In addition, a new post on the following cycler tier is created.

The following payments are made across MyPromoAd’s five-tier cycler:

  • Tier 1 (positions cost $20) – generates a $20 cycle commission and cycles into Tier 2;
  • Tier 2 – generates a $50 commission and cycles into Tier 3;
  • Tier 3 – generates a $300 commission and cycles into Tier 4;
  • Tier 4 – generates a $1000 commission and cycles into Tier 5;
  • Tier 5 – generates a $10,000 commission and cycles into Tier 6;
  • Tier 6 – generates a $10,000 commission and cycles into Tier 7;
  • Tier 7 – generates a $10,000 commission and cycles into Tier 8.

Individually recruited affiliates from Tier 2 must be in a matrix cycle to the next tier. What happens if this criterion is unknown.

It’s also not clear if tier 5 cycles into a new tier 5 or tier 1 matrix.

Commissions for Referrals

MyPromoAd gives referral commissions for each affiliate manually recruited into and cycled out of a matrix.

  • The $20 tier rewards $1 for each recruited affiliate;
  • The $50 tier pays $3.60 for every affiliate recruited;
  • The $300 tier rewards $15 for every affiliate recruited;
  • The $1000 tier rewards $50 for each recruited affiliate;
  • The $10,000 tier rewards $180 for each affiliate recruited.

Participating in MyPromoAd

MyPromoAd affiliate membership is completely free. Affiliates must join up and invest in a $20 cycler position to participate in the linked income potential.

MyPromoAd is looking for investors in bitcoin, Ethereum, Tron, tether, ripple, and “others.”

Conclusion 

Rather than just admitting its dishonest business plan, MyPromoAd promotes its scam as a “fundraising game:”

“A SECOND PASSIVE INCOME

Simply book our premium option, and we will handle your revenue”.

The truth is that MyPromoAd is a conventional adcredit Ponzi scheme.

Invested $20 yields $11,370. MyPromoAd is a Ponzi scam since this is compensated from successive cycler position deposits.

Referral commissions drive recruiting, which is necessary to keep the Ponzi scheme running. Referral commissions provide a pyramid aspect to MyPromoAd as well.

As a cycler Ponzi, stopping recruitment will ultimately stall matrices inside the cycler.

When enough matrices stall, an irreversible collapse occurs.

Whenever this occurs, the bulk of MyPromoAd affiliates will suffer a loss.

Manifest FX Review: Is A Fraud
Telepreneur Review: Is A Fraud

Leave a Comment

Your email address will not be published. Required fields are marked *