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Gym Network’s website contains no executive or ownership information.

Instead, Alberto Mera, Lewis Mhlanga, and Timur Ozturk are shown as low-level company representatives:

Further investigation finds that affiliates refer to Claudio Catrini as Gym Network’s CEO:

It’s unknown why Catrini isn’t listed on Gym Network’s website.

Catrini describes herself as a “crypto lover.” This is a recent development that occurred within the last year.

Catrini has lately entered the “passive income” cryptocurrency niche:

Passive income is often code for investment fraud in the MLM crypto realm.

Catrini worked in digital marketing before reinventing himself as a crypto dude. This has been done mostly through Trendda and the “Claudio Catrini Akademie GmbH.”

In 2019, Catrini co-founded Trendda. Claudio Catrini Akademie was founded in 2003.

In the MLM world, Catrini co-founded Athletic Factory in mid-2021:

Athletic Factory was a fitness-themed MLM in Germany (fitness appears to be a running theme for Catrini).

Athletic Factory’s website remains operational, although traffic to it has ceased. Athletic Factory’s official Facebook page was deleted in November 2021, implying that the firm has been shut down.

On December 13th, 2021, Gym Network’s website domain (“gymnetwork.io”) was privately registered.

Catrini went from Germany to Bulgaria around the same time as Athletic Factory collapsed. In fact, Bulgaria has a terrible track record when it comes to MLM regulation.

Stay tuned for a comprehensive assessment of Gym Network’s MLM proposition.

Products from Gym Network

Gym Network does not sell any items or services.

Affiliates can only promote Gym Network affiliate membership.

Compensation Plan 

Gym Network affiliates must deposit at least 0.05 BNB. This is done in exchange for the promise of a passive annual return:

Things are tricky, but Gym Network’s “estimates” are accurate.

6.5 percent per year on invested BNB and 200 percent per year on invested GYMNET.

Gym Network offers a 9.4 percent monthly ROI if affiliates compound their gains.

Gym Network touts a 250 percent yearly ROI on another marketing slide:

Gym Network’s MLM business is based on the recruiting of affiliate investors.

Affiliate Ranks 

Gym Network’s pay model includes fifteen affiliate ranks.

They are as follows, along with their respective qualification criteria:

  • Rookie I – invest 0.1 BNB and keep a balance of 500 GYMNET tokens;
  • Rookie II – invest 0.25 BNB and keep a balance of 500 GYMNET tokens;
  • Rookie III – invest 0.5 BNB and keep a balance of 500 GYMNET tokens;
  • Amateur I – invest 1 BNB, have a 5000 GYMNET token investment balance, and personally recruit two Rookie Is or higher;
  • Amateur II – invest 3 BNB, have a 15,000 GYMNET token investment balance, and personally recruit three Rookie Is or higher;
  • Amateur III – invest 5 BNB, have a 50,000 GYMNET token investment balance, and personally recruit four Rookie Is or higher;
  • Junior Pro – invest 10 BNB, have a 100,000 G

Legend – invest 200 BNB, keep a 500,000 GYMNET token investment balance, and keep five Amateurs.

Commissions for Recommendation

The Gym Network uses a unilevel compensation structure to pay referral commissions on invested cash:

Gym Network has a limit of sixteen paying unilevel team levels.

Referral commissions are paid as a proportion of cryptocurrency invested dependent on rank:

  • On level 1, members earn 10%. (personally recruited affiliates);
  • Rookie Is earn 10% on level one and 7% on level two;
  • Rookie IIs earn 10% on level one, 7% on level two, and 5% on level three;
  • Rookie IIIs earn 10% on level one, 7% on level two, 5% on level three, and 4% on level four;
  • Amateurs earn 10% on level one, 7% on level two, 5% on level three, and 4% on levels four and five;
  • Amateur IIs earn 10% on level one, 7% on level two, 5% on level three, 4% on levels four and five, and 3% on level six;
  • Amateur IIIs gain 10% on level one, 7% on level two, 5% on level three, 4% on levels four and five, 1% on level six, and 1% on level seven;
  • Junior Pros earn 10% on level one, 7% on level two, 5% on level three, 4% on levels four and five, 3% on level six, and 1% on levels seven and eight;
  • Pros earn 10% on level one, 7% on level two, 5% on level three, 4% on levels four and five, 3% on level six, and 1% on levels seven through nine;
  • Senior Pros earn 10% on level 1, 7% on level 2, 5% on level 3, 4% on levels 4 and 5, 3% on level 6, 1% on levels 7 to 9, and 0% on level 10;
  • Champions earn 10% on level one, 7% on level two, 5% on level three, 4% on levels four and five, 3% on level six, 1% on levels seven through nine, and 0.5 percent on levels ten and eleven;
  • Co-Trainers earn 10% on level one, 7% on level two, 5% on level three, 4% on levels four and five, 3% on level six, 1% on levels seven through nine, and 0.5 percent on levels ten through twelve;
  • Trainers earn 10% on level one, 7% on level two, 5% on level three, 4% on levels four and five, 3% on level six, 1% on levels seven through nine, and 0.5 percent on levels ten through thirteen;
  • Vice Presidents earn 10% on level one, 7% on level two, 5% on level three, 4% on levels four and five, 3% on level six, 1% on levels seven through nine, and 0.5 percent on levels ten through 114;
  • Presidents receive 10% on level 1, 7% on level 2, 5% on level 3, 4% on levels 4 and 5, 3% on level 6, 1% on levels 7 to 9, 0.5 percent on levels 10 to 14, and 0.25 percent on level 15;
  • Legends earn 10% on level one, 7% on level two, 5% on level three, 4% on levels four and five, 3% on level six, 1% on levels seven through nine, 0.5 percent on levels ten through fourteen, and 0.25 percent on levels fifteen and sixteen.

According to Gym Network’s compensation agreement, referral commissions are paid on both investments and daily computed returns.

There is only one set of referral commission percentages available. As a result, it is expected that the same referral commission rate is employed for initial deposits and daily returns.

Vice President and higher ranked Gym Network affiliates are eligible for three rank-based bonus pools.

Vice Presidents are eligible for a 0.5 percent gold pool.

Presidents receive a 1% Black Pool share as well as a 1% Gold Pool share.

Legends are entitled to a 1.5 percent share of the Platinum Pool and a share of the Gold and Black Pools.

The bonus pools are calculated as a percentage of “global daily profits.”

It is unclear whether this refers to company-wide bitcoin investments or payouts.

Turnover Pools 

According to Gym Network’s compensation documents, there are three “turnover based pools”:

  • Regional Pool – 1%;
  • National Pool – 1%;
  • International Pool – 1%.

Again, the pools are supported as a percentage of “global daily revenues.” Both this and the qualification for the pools are not specified.

Gym Network Affiliate Membership 

Gym Network affiliate membership appears to be free.

To fully participate in the attached income possibility, an upfront investment in BNB is required.

To improve your affiliate rank, additional investment in GYMNET is required.

Summing Up

Whether by intention or need, Gym Network ventures a little too far into the DeFi nerdspace.

Gym Network begins by presenting itself as a “DeFi Aggregator Investment System.”

Gym Network’s official compensation information is sparse, and I assume that the majority of crypto dudes that invest are looking for the daily figure in their backoffice — without comprehending the lingo behind it.

Gym Network’s business concept is based on investing cryptocurrencies in a “vault.”

This is a sophisticated way of stating “balance that previous investors and administrators cash out.”

As an investor, you watch the numbers in your back office rise and pray that there are still monies available to steal when you payout.

Gym Network’s marketing obscures that simple model behind crypto jargon, but that is all it is.

You have BNB running on the front end, intending to pay everyone out GYMNET tokens at the end.

The GYMNET coin is a BEP-20 token. These may be set up in minutes and for very little money.

GYMNET is entirely worthless outside of Gym Network, just like every other Ponzi token.

Rather than being straightforward, Gym Network sends investors this nonsense:

Here’s how things are going:

Gym Network illustrates returns created by Alpaca Finance on the BNB side of things.

Alpaca Finance is, most probably, another cryptocurrency bro Ponzi scheme. Annual profits of up to 370 percent were advertised on the company’s website.

Alpaca Finance, like Gym Network, has its own shitcoin. ALPACA, which was launched barely a month ago, and is doing well:

Exactly what you’d expect.

In a nutshell, Gym Network can only pay out what it has invested in BNB, no matter how it is dressed up.

GYMNET is already on a downward spiral, so good luck cashing in.

As with other MLM Ponzi schemes, new investment will dry up once affiliate recruiting is exhausted.

This depletes Gym Network’s invested BNB, rendering it unable to pay withdrawals.

As a result, as previously stated, GYMNET tokens are ultimately worthless.

Ponzi schemes are mathematically certain to lose money for the vast majority of participants.

Given that so much of cryptocurrency is statistics on a screen, a reminder that “but my backoffice displays 42069 percent ROI” means nothing unless you can cash out 42069 percent.

Spoiler alert: you won’t be able to if you didn’t invest early with the admin grifters.

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