uptrennd.com - Promotion and reality differs a lot

by Rudolf Faix 7. December 2019 08:17

Recently I found a Facebook posting, promoting an easy way for making money by writing some postings for the community of Uptrennd. A research at Google about uptrennd.com did not bring back some serious negative results. So I have signed up for making some testing with them.

Here a similar the promotion made from December 7, 2019:

EARN MONEY FREE!!! 10$ / 100$ / OR 1000$ !!! New news page paying in 1UP TOKENS, with a value of $ 0.010 when you register you earn 200 1UP. you can win without limits ... thousands of dollars! It is very good and 100% real, I invite you to earn money! Instant removable!

Here a screenshot from the offer from Jorge Didencu made in the Facebook group Earn Money Online (German "Gestern" has the English translation yesterday):

That the promotion made from Jorge Didencu is already a scam can get seen on the fact, that you get only 100 1UP for signing up and one 1UP has actual only the value of US$ 0,001287. If you are following the charts, then you'll see that 1UP is losing permanently his value. Simple klick on the picture below to get an actual exchange rate:

Don't think that you are able to make more money by inviting people to the Uptrennd community. You get only 100 1UP (actually around US$ 0.13) for each victim, who is following your invitation link. But you need to reach at least Level 5 inside the system, which will cost you 576 1UPs. I needed by myself 11 days to earn this amount of 1UPs for spending them for leveling up. With other words, you are working free of charge during this time.

At the end of November, I made a statistic about the leaderboard from Uptrennd. There are the top 100 earners listed. They made all together 150,707 1UPs, which are today representing a value of US$ 193.95 or with other words each one of the top 100 earners made in average an earning of US$ 1.94. LOL

Another statistic about Uptrennd, I made is not flattering for Uptrennd too. You can find the results at uptrennd.com: Some times the truth hurts.

That the Uptrennd community is nothing else than a community of ass-kissers, can get shown in the case of one of the admins with the name Dotun Deetee. He has yesterday published as an actual news an article with the title BrainiacChess Giveaway: The future of Chess Game & Chess Community and got for this article until now 394 1UP. I understand that even for naked ones are US$ 0.51 (394 1UP * 0.001287 US$) a lot and the income needs to get protected. Sorry, but I'm giving higher gratuities to others.

The problem is only, that the coin CHESS exists already since June 2016 and the domain brainiacchess.network got created on April 8, 2019. Taking a look at the white paper from BrainacChess, then everybody can see, that they have been using crypto currencies since beginning. So where are really the news are getting found in this posting?

Exactly this brainless admin called a posting about press releases from WisdomTree Europe and the Swiss bank Swissquote simple fake news. My simple opinion about him is, that even for him is intelligence not commercially available.

In any case you are only getting paid, if you have a KYC number (Know Your Customer). Such a number is only in a few countries available and for me is it unknown if the KYC number from other countries is compatible with the US one. So, someone living outside of the US, will not really have really a big chance getting paid for his work.

 

Tags: ,

Affiliates & MLM Marketing

uptrennd.com: Some times the truth hurts

by Rudolf Faix 2. December 2019 03:36

Self PraisingLast week I have found a posting with -17 points (1UP). A member of the community had simple thrown away his nerves. The comments from some Uptrenndians, who are following their leader like cultists, have been answering something similar like "write better postings".

I have tried to retrace his allegations by making the following test:

  1. Click on Trending
  2. Select Top in Sort
  3. Check that OC has a hook
  4. Scroll down until you have more then 500 posts listed
    You can verify the count by using the search function of you browser and search for "posted in ". The browser shows you the hits he has found.

My results have been:

  • 619 posts for searching "posted in "
    (that is the count of postings used for the testing samples)
  • 236 posts for the search of "posted in uptrennd"
  • 425 search results for the word "uptrennd" alone

The first really trending posting, I have found during my own test, had +303 points, the title "is mining dead?" and got posted 16 hours before. Most of the others have been around 1 month old, the two oldest ones have even been older than 6 months.

As Uptrennd is a group name in the Uptrennd community, there got found around 186 postings with the word Uptrennd written in the caption of postings. That are 30%.

Based on the results above I have been asking the Uptrennd community: What do you like to read? Content about cryptocurrencies or praises of Uptrennd?

Some have been answering, that they like to read both. I don't know if they have hoped to get some advantage or they are simple interpreting Uptrennd as their religion.

Others have been answering that the reason is simple to improve the search engine ranking (SEO). The problem is only, that the search engines are recognizing spamming too. On the other site nobody is searching for an invented word like Uptrennd.

In any case too much self-praising and self-congratulations are not good for any company. There a some old sayings like Self-praise stinks, a man's praise in his own mouth stinks and who is praising himself is spattering himself.

As I had on Nov 24, 2019 nothing better to do, I tried to get better results from the postings at Uptrend. So I have taken their All Time Best list, which you'll find by clicking on Trending, sort by Top and put a hook at OC (Original Content). I collected a list of more than 10,000 postings until the scripts from the Uptrennd website crashed. But having more than 10,000 best rated postings is a good sample, which says already a lot about the community.

I have put the results into a database. The first evaluation was filtering out the self-promotion. I have counted as self-promotion where the words uptrennd and level up got found inside the caption and additional all postings where the word moderator got found in the username. Since 100 points (1UP's) currently correspond to US$ 0.2674, I have structured the evaluation in steps of 100.

You can see the results in the following table. Only 1,741 postings got rewarded with 100 or more 1UP's. From these postings are 784 (45%) nothing else than praising Uptrennd, self-praising or self-congratulations.

Total 1,741 784 957 45,03
1UP's Posts # Promotions # Std. Posts Promotion %
900 - 999 1 1 0 100
800 - 899 3 3 0 100
700 - 799 6 6 0 100
600 - 699 5 4 1 80
500 - 599 14 12 2 85,71
400 - 499 37 25 12 67,57
300 - 399 127 74 53 58,27
200 - 299 307 148 159 48,21
100 - 199 1,241 511 730 41,18

You'll find even in the remaining 9,006 postings with points in the range between 30 and 99 18.72% promotion postings.

At the moment Uptrennd is promoting that they have 37,465 users, but it looks like that even less than 2,000 are writing OC (Original Content) postings. I have found only 1,478 unique usernames in my testing sample.

By taking a look at their Leaderboard, we find actually the user Altcoin Buzz .io on top of the last month. He made 8991 points (1Up) last month. If we use the actual exchange rate (Coinbase: 1 1UP = US$ 0.002674), then he got an earning of US$ 24.04. If we are counting the points from the top 100 together, then we get a sum of 150,707 1UP, which are representing actually the value of US$ 402.99. In average have made each one of the best ones the "enormous earnings" of US$ 4 during a full month. Even if we the best exchange rate, which has been once available for the 1UP, then each one from the best 100 has only earned in average US$ 42.20 during a full month.

Compare the above results with the real world value for writing "original content". You can find a report at The cost of a journalism story.

Real and successful companies are proud about their name. It looks like the owner from uptrennd.com has no trust into his own business model. For this reason he even needs to hide his name and address by using a privacy protection service for his domain name:

Domain Name: uptrennd.com
Registry Domain ID: 2284323950_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.google.com
Registrar URL: https://domains.google.com
Updated Date: 2019-10-12T16:25:47Z
Creation Date: 2018-07-11T04:51:38Z
Registrar Registration Expiration Date: 2020-07-11T04:51:38Z
Registrar: Google LLC
Registrar IANA ID: 895
Registrar Abuse Contact Email: email@google.com
Registrar Abuse Contact Phone: +1.8772376466
Domain Status: clientTransferProhibited https://www.icann.org/epp#clientTransferProhibited
Registry Registrant ID:
Registrant Name: Contact Privacy Inc. Customer 1242930935
Registrant Organization: Contact Privacy Inc. Customer 1242930935
Registrant Street: 96 Mowat Ave
Registrant City: Toronto
Registrant State/Province: ON
Registrant Postal Code: M4K 3K1
Registrant Country: CA
Registrant Phone: +1.4165385487
Registrant Phone Ext:
Registrant Fax:
Registrant Fax Ext:
Registrant Email: email@contactprivacy.email
Registry Admin ID:
Admin Name: Contact Privacy Inc. Customer 1242930935
Admin Organization: Contact Privacy Inc. Customer 1242930935
Admin Street: 96 Mowat Ave
Admin City: Toronto
Admin State/Province: ON
Admin Postal Code: M4K 3K1
Admin Country: CA
Admin Phone: +1.4165385487
Admin Phone Ext:
Admin Fax:
Admin Fax Ext:
Admin Email: email@contactprivacy.email
Registry Tech ID:
Tech Name: Contact Privacy Inc. Customer 1242930935
Tech Organization: Contact Privacy Inc. Customer 1242930935
Tech Street: 96 Mowat Ave
Tech City: Toronto
Tech State/Province: ON
Tech Postal Code: M4K 3K1
Tech Country: CA
Tech Phone: +1.4165385487
Tech Phone Ext:
Tech Fax:
Tech Fax Ext:
Tech Email: email@contactprivacy.email
Name Server: CORTNEY.NS.CLOUDFLARE.COM
Name Server: THEO.NS.CLOUDFLARE.COM
DNSSEC: unsigned

 

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Affiliates & MLM Marketing

Scammer are offering $25 for signing up and $10 for the referrer

by Rudolf Faix 17. November 2019 06:21

ScamThe greed of many people hinders their thinking. These people just need to see an incredible offer, accept this offer immediately, promote it and cry afterwards because they are not getting paid. The normal common sense is simply not available with such people.

It is so easy to check offers with the help of Google. Simply enter the domain name under double quotes in the search field, adding the words;" reviews" and/or "scam" and exclude the searched domain itself by prefixing the domain name with -site:. Here is an example: "easycashjob.com" scam -site:easycashjob.com

All what you have to do is to read the content of the results afterwards and make your own opinion. You'll find positive and negative reviews. An old German proverb says that it is much cheaper to learn from others' mistakes than from ones own.

I call it balancing justice because even the one who is promoting the following offers ;will not paid too:

Domain Domain created search
easycashjob.com 2019-04-23
hodium.com 2019-07-29
influencercash.co 2019-04-10
influencersearn.com 2019-09-25
kashtree.com 2019-08-11
rainmoney.co 2019-08-15
referralpay.co 2019-05-23
tap2earn.co 2019-09-10

One of the next domain names the scammer will continue is:

Domain Name: viralgenie.co
Registry Domain ID: D02B06C802A954AEFBAF6BBD4BE4AF4D3-NSR
Registrar WHOIS Server: whois.opensrs.net
Registrar URL: www.opensrs.com
Updated Date: 2019-10-18T05:12:55Z
Creation Date: 2019-09-21T17:20:18Z
Registry Expiry Date: 2020-09-21T17:20:18Z
Registrar: Tucows Domains Inc.

All these websites claiming for themselves to work with high value advertising companies and are offering you the easiest ways to make money online. All what you have to do is to do some simple jobs and to bring new people into their system. It looks to be risk-free, because it is free to join. Making money seems to be easy, because sharing a link is something what everybody can do.

Many of the sites above are claiming to pay $1 for each unique visitor, $10 to the referral for the case the visitor is signing up and they will give each one, who has signed up $25 for free. Think about it, where the money will come from if there are signing up a few hundred thousand visitors? From companies, which need even to hide themselves on their websites and their domain registrations behind privacy protection services? Real and successful companies are proud about themselves and don't need to hide themselves. Only scammer, fraudsters and other criminals need to hide themselves.

All the above websites are telling you, that they are already a few years on the market. That it is nothing than a lie gets shown by looking at the domain creation date.

One of two things will happen once you try to cash out:

  • You'll simple get banned, because asking for getting paid is in the eyes of the scammer a fraud
  • You hear and get nothing, because the scammer is in the hope that you'll continue promoting his site for at least a while

Don't forget that the fraudster is the only one who is making money without working by himself. Such fraudsters are simple wasting other peoples time for enriching themselves. The main goal from the scammer is to bring as much as possible people into their system and let them working unpaid.

The scammers have even an additional income, because everybody who is signing up, gives them his email address, name and a password. These data can get sold to other scammers, spammers and hackers. The result is that your inbox will get filled with incredible offers and some personal accounts like Paypal and email can get hacked. Don't forget, that all people like to get as much money as possible.

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Affiliates & MLM Marketing

Suspicious: Global Platinum Services - globalplatinumservices.com - Monte Jeremy

by Rudolf Faix 23. January 2017 04:13

Global Platinum Services (globalplatinumservices.com) hides their domain registration data behind a privacy protection service, but at the homepage gets shown one UK address and one US address. Such a behavior does not make any sense. It looks for everybody like they have something to hide and already that makes them very suspicious.

That is not the only alarm signal from a scam. Even their Facebook advertisement with the title "Travel Agent Wanted", shown on the right, shows more than one alarm signals for a plain and simple scam. There is written:

  • No travel Agent or Tourism experience Necessary
  • Full training - Sales, Marketing, Product ExclusiveMentorship Program
  • Low Start Up Costs
  • Personal website & Back office supplier
  • Access to DISCOUNTED Travel Deals

By reading the above points is it nothing else than an offer that you can use their training, web services and office service on your own risk and expenses. That is not an affiliate marketing offer, because you are taking all the work, commercial risks and expenses for the purpose than another one is able to earn. Anybody, who is interested, can open in such a case his own travel agency and trade with the offers from serious big tour operators.

The offer seems to be from a scammer based in India, who likes to hide his location. The reason for this assumption is the sign for the India Rupee (₹) in the for sale posting from Ms. Jade Burrell in the Facebook group to Business (Opportunity Dealer) - US. Jade Burrell does everything to invoke the impression that she is from the US. She is calling herself at her Facebook profile to be a CEO of Taker$ Ent., takersent.com, a domain registered to the provider Doodlebit LLC, 1712 Main St #254, Kansas City, MO 64108, US.

The domain globalplatinumservices.com, created on October 15, 2016, provides two addresses in the footer:

  • MB Holidays LTD 71-75 Shelton Street, Covent Garden, London WC@H 9JQ United Kingdom Registered in UK Number 09851263
    By taking a look at the UK Company register, we find the following entries for the number 09851263:
    • Company name: XStream MB Holidays Ltd
    • Address: 71-75 Shelton Street, Covent Garden, London, United Kingdom, WC2H 9JQ.
      A search for the address in Google returns 18,023 companies at the same address. A complete list can get shown at Endole. As not one building can give enough place for 18,023 companies the address is from a post forwarding service and not a real office address.
    • Incorporation 2015-11-02
    • Statement of capital on 2015-11-02 GBP 1
    • Director: Monte Jeremy, Born: February 1974, Nationality: British, Country of residence: United States
    • Additional warning:

    Confirmation statement overdue

    First statement date 1 November 2016
    due by 15 November 2016

  • PC Platinum Travel, Inc. 7260 West Azure Drive Suite 141-568 Las Vegas, NV 89130
    Here are getting already some reviews found about this company:

The at the homepage provided "Florida registered seller of travel FLA ST36342" and "California registered seller of travel ID #CST 2076446-40" are the registration numbers from:

INTERNATIONAL VACATIONS INC
15400 KNOLL TRAIL DR STE 370, DALLAS, TX 75248-7079
Phone 214-239-2840
License Type License# Issued Expires Status
Seller of Travel ST36342 09/21/05   Exempt - ARC

Their understanding of a best price guarantee can get found at InternationalVacation.com Ripoff from TripAdvisor. At BehindMLM gets found an report with the title Phase 4 Global Review: A 4 matrix tall travel club too. In any case, International Vacations Inc. seems to be more interested in selling memberships to their pyramid system than travel packages. At the Internet are getting found around 600 sites offering memberships, but not one site is offering any travel package.

Global Platinum Services promotes their memberships with commissions up to 75% and on the other site a best price guarantee for their bookings. This contradicts each other, because the normal commission rates for travel agents are between 10% - 16% for package tours in this kind of industry. The average commission for airfare is only 1.36%. The travel industry is fighting over the price for their customers and for this reason all margins have been going down. An offer with with commissions of up to 75% is in this case not really serious. So the pyramid system has to get paid with membership fees and the real commission for the travel agent is in the best case less than 20%. Maybe you'll reach a commission of 75% if you are booking for someone a one night stay in a very cheap hotel and bill him a service fee. The average service fee is $38.

It even looks like that Global Platinum Services is only living from the membership fees. At other review sites are getting even cheaper membership fees mentioned than which are available than today. At the moment are only two offers as opportunity listed:

  1. Platinum Agent
    Setup Fee: $149.95
    Monthly Fee: $69.95 ($839.40/year)

  2. Platinum Plus Agent
    Setup Fee: $199.95
    Monthly Fee: $89.95 ($1,079.40/year)

This example shows, that it does not make any sense to use a privacy service for a domain, which should get used in business. It makes only the complete business suspicious. That someone needs to work and to pay for it, makes the system not more trustfully. Every pyramid system will break down as soon as not enough new victims entering the system can get found.

As it is useless to offer overpriced travel tour packages, because someone needs to pay the commissions for the affiliates and the tour operator likes to earn too, does it not make sense to promote any of this travel packages. For Global Platinum Services makes it more sense and it is more lucrative to sell memberships for their useless platform and use the travel industry for hiding their sham business.

Domain registry data from globalplatinumservices.com:

Domain Name: globalplatinumservices.com
Registry Domain ID: 2066342610_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.godaddy.com
Registrar URL: http://www.godaddy.com
Update Date: 2016-10-15T01:23:47Z
Creation Date: 2016-10-15T01:23:46Z
Registrar Registration Expiration Date: 2018-10-15T01:23:46Z
Registrar: GoDaddy.com, LLC
Registrar IANA ID: 146
Registrar Abuse Contact Email: abuse@godaddy.com
Registrar Abuse Contact Phone: +1.4806242505
Domain Status: clientTransferProhibited http://www.icann.org/epp#clientTransferProhibited
Domain Status: clientUpdateProhibited http://www.icann.org/epp#clientUpdateProhibited
Domain Status: clientRenewProhibited http://www.icann.org/epp#clientRenewProhibited
Domain Status: clientDeleteProhibited http://www.icann.org/epp#clientDeleteProhibited
Registry Registrant ID: Not Available From Registry
Registrant Name: Registration Private
Registrant Organization: Domains By Proxy, LLC
Registrant Street: DomainsByProxy.com
Registrant Street: 14747 N Northsight Blvd Suite 111, PMB 309
Registrant City: Scottsdale
Registrant State/Province: Arizona
Registrant Postal Code: 85260
Registrant Country: US
Registrant Phone: +1.4806242599
Registrant Phone Ext:
Registrant Fax: +1.4806242598
Registrant Fax Ext:
Registrant Email: globalplatinumservices.com@domainsbyproxy.com
Registry Admin ID: Not Available From Registry
Admin Name: Registration Private
Admin Organization: Domains By Proxy, LLC
Admin Street: DomainsByProxy.com
Admin Street: 14747 N Northsight Blvd Suite 111, PMB 309
Admin City: Scottsdale
Admin State/Province: Arizona
Admin Postal Code: 85260
Admin Country: US
Admin Phone: +1.4806242599
Admin Phone Ext:
Admin Fax: +1.4806242598
Admin Fax Ext:
Admin Email: globalplatinumservices.com@domainsbyproxy.com
Registry Tech ID: Not Available From Registry
Tech Name: Registration Private
Tech Organization: Domains By Proxy, LLC
Tech Street: DomainsByProxy.com
Tech Street: 14747 N Northsight Blvd Suite 111, PMB 309
Tech City: Scottsdale
Tech State/Province: Arizona
Tech Postal Code: 85260
Tech Country: US
Tech Phone: +1.4806242599
Tech Phone Ext:
Tech Fax: +1.4806242598
Tech Fax Ext:
Tech Email: globalplatinumservices.com@domainsbyproxy.com
Name Server: NS1.NY7.COM
Name Server: NS2.NY7.COM
Name Server: NS3.NY7.COM
Name Server: NS4.NY7.COM
Name Server: NS5.NY7.COM
DNSSEC: unsigned
URL of the ICANN WHOIS Data Problem Reporting System: http://wdprs.internic.net/
>>> Last update of WHOIS database: 2017-01-22T06:00:00Z <<<

Domain registration data of paycation-plus.com:

Domain Name: paycation-plus.com
Registry Domain ID: 1969337266_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.godaddy.com
Registrar URL: http://www.godaddy.com
Update Date: 2016-10-22T00:03:47Z
Creation Date: 2015-10-17T11:53:20Z
Registrar Registration Expiration Date: 2017-10-17T11:53:20Z
Registrar: GoDaddy.com, LLC
Registrar IANA ID: 146
Registrar Abuse Contact Email: abuse@godaddy.com
Registrar Abuse Contact Phone: +1.4806242505
Domain Status: clientTransferProhibited http://www.icann.org/epp#clientTransferProhibited
Domain Status: clientUpdateProhibited http://www.icann.org/epp#clientUpdateProhibited
Domain Status: clientRenewProhibited http://www.icann.org/epp#clientRenewProhibited
Domain Status: clientDeleteProhibited http://www.icann.org/epp#clientDeleteProhibited
Registry Registrant ID: Not Available From Registry
Registrant Name: Jeremy Monte
Registrant Organization: Montbriar, Inc
Registrant Street: 4417 Hudson Bend Road
Registrant City: Austin
Registrant State/Province: TX
Registrant Postal Code: 78732
Registrant Country: US
Registrant Phone: +1.5858203765
Registrant Phone Ext:
Registrant Fax:
Registrant Fax Ext:
Registrant Email: jmonte@montbriar.net
Registry Admin ID: Not Available From Registry
Admin Name: Jeremy Monte
Admin Organization: Montbriar, Inc
Admin Street: 4417 Hudson Bend Road
Admin City: Austin
Admin State/Province: TX
Admin Postal Code: 78732
Admin Country: US
Admin Phone: +1.5858203765
Admin Phone Ext:
Admin Fax:
Admin Fax Ext:
Admin Email: jmonte@montbriar.net
Registry Tech ID: Not Available From Registry
Tech Name: Jeremy Monte
Tech Organization: Montbriar, Inc
Tech Street: 4417 Hudson Bend Road
Tech City: Austin
Tech State/Province: TX
Tech Postal Code: 78732
Tech Country: US
Tech Phone: +1.5858203765
Tech Phone Ext:
Tech Fax:
Tech Fax Ext:
Tech Email: jmonte@montbriar.net
Name Server: NS11.DOMAINCONTROL.COM
Name Server: NS12.DOMAINCONTROL.COM
DNSSEC: unsigned
URL of the ICANN WHOIS Data Problem Reporting System: http://wdprs.internic.net/
>>> Last update of WHOIS database: 2017-01-22T10:00:00Z <<<

Domain registration data of internationalvacations.com:

Domain Name: INTERNATIONALVACATIONS.COM
Registry Domain ID: 3940015_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.networksolutions.com
Registrar URL: http://www.networksolutions.com/en_US/
Updated Date: 2015-12-29T08:48:46Z
Creation Date: 1999-02-27T05:00:00Z
Registrar Registration Expiration Date: 2021-02-27T05:00:00Z
Registrar: NETWORK SOLUTIONS, LLC.
Registrar IANA ID: 2
Registrar Abuse Contact Email: abuse@web.com
Registrar Abuse Contact Phone: +1.8003337680
Reseller:
Domain Status:
Registry Registrant ID:
Registrant Name: john przywara
Registrant Organization: john przywara
Registrant Street: 2120 DEERFIELD DR STE 404-326
Registrant City: PLANO
Registrant State/Province: TX
Registrant Postal Code: 75023-5243
Registrant Country: US
Registrant Phone: 214 882-7709
Registrant Phone Ext:
Registrant Fax:
Registrant Fax Ext:
Registrant Email: no.valid.email@worldnic.com
Registry Admin ID:
Admin Name: przywara, john
Admin Organization:
Admin Street: 2120 deerfield dr
Admin City: Plano
Admin State/Province: TX
Admin Postal Code: 75023
Admin Country: US
Admin Phone: +1.2148827709
Admin Phone Ext:
Admin Fax:
Admin Fax Ext:
Admin Email: john@INTERNATIONALVACATIONS.COM
Registry Tech ID:
Tech Name: Support, Technical
Tech Organization: Affinity.com
Tech Street: 101 Continental Boulevard, 3rd Floor
Tech City: El Segundo
Tech State/Province: CA
Tech Postal Code: 90245
Tech Country: US
Tech Phone: +1.3105243000
Tech Phone Ext:
Tech Fax: +1.3103881335
Tech Fax Ext:
Tech Email: cullendave@gmail.com
Name Server: NS3.PAGECONCEPTS.NET
Name Server: NS2.PAGECONCEPTS.NET
DNSSEC: Unsigned
URL of the ICANN WHOIS Data Problem Reporting System: http://wdprs.internic.net/
>>> Last update of WHOIS database: 2017-01-22T15:01:30Z <<<

 

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Suspicious Sites

Bitcoin imitators: SwissCoin operating from Leipzig, Germany

by Rudolf Faix 6. October 2016 08:46

SwissCoin LogoAs "the beginning of the revolution of monetary transactions" extols the Euro Solution GmbH in Cham in Switzerland their new virtual currency SwissCoin. In June 2016 they started it. In a brochure on the "cryptocurrency" they are luring: "Now you are also times from the beginning, when a worldwide movement arises."

SwissCoin does not get accepted by any money exchanging system on the world, you get free coins already for signing up, you get additional coins for bringing other victims into the system and you have no chance to use this coins in any shop. Which value can have coins from such systems? As soon as the company behind runs into problems or gets shut down you lose all your real money. Each pyramid system or Ponzi scheme breaks down as soon as not enough new victims entering the systems can get found.

The distribution model for Swisscoin was copied from Onecoin one on one and is the worst, it lacks the products. Swisscoin has no usability because the cryptic money has to be created first and cannot get used the next few years. The lawyer of the OneCoin procured in court an injunction, his office publicly warns from SwissCoin.

According to the imprint of swisscoin.eu stands behind this project a company with the name Euro Solution GmbH located in Baar / Switzerland, which actually exists. The business purpose got declared on April 18, as following:

Training and education in the fields of Internet and exchange services; Advising individuals and legal entities in the field of strategic and operational issues, the provision of services in this regard at home and abroad and trade in goods of all kinds; whole purpose paraphrase statutes in accordance

Did they not know that they want to establish a new crypto-currency in the market and why this did not get stated? A possible explanation can found in the fact that the company got founded with a capital of only CHF 20,000 (US$ 20,566 according the exchange rate from today). With such a capital equipment you can operate safely many companies, but you can never push a new crypto-currency.

Manager of Euro Solution GmbH is Hans-Werner Marquetant. About him you cannot find very much on the Internet - except to note that he acts or should act as Chairman of the Veto-Concept AG from Leipzig, Germany. He is already 74 years old. This sounds at first glance still reasonably well - until one has ever looked behind the scenes.

The Veto-Concept AG, headquartered in Leipzig languishes for years - more or less unsuccessfully. CEO is a Horst Wefer who turns 70. It can get doubted if he is still active in the company and developes crypto currencies. But the company still has a board of directors - Mr. Manfred Mayer. This man is known among networkers like a sore thumb for many years. Unfortunately, never with a positive sign, but always with negative. And now it is really funny - but not for those who go into the hands of SwissCoin. Because the domain registration of richcoin.eu are abundantly clear about digestion, into whose hands they actually goes: In the hands from Manfred Mayer from the board of the Veto-Concept AG in Leipzig. The attached screenshot is worth a thousand words - just take a look at the email-address:

Domain registration date from richcoin.eu

The imprint of www.swisscoin.eu gives the impression that it was dealing with a company established in Switzerland. This is true indeed - but only on paper. Because the Euro Consult GmbH has in Switzerland does not have its own offices, telephone, etc. That is recognizable by the c / o notice in the Swiss Commercial Register:

c/o EXECUTIVE Office GmbH, Ruessenstrasse 12, 6340 Baar

The phone number +49.3419746815 the email address info@veto-concept.com are now data located in Leipzig, Germany and not from Switzerland!

Domain registration data from swisscoin.eu

There is coming a third company into the game for the reason that everything is as much as possible cluttered and unmanageable - the Euro-Invest Consult GmbH, also from Leipzig, Germany. In August 2015 this company got overtaken by the CEO of Euro Solution GmbH, Baar, Hans Werner Marquetant, 74, from the former CEO Horst Wefer, 70, in a more than desolate economic condition(!). The last published balance sheet of Euro-Invest Consult GmbH for 2009 includes, among other things this note:

The balance sheet loss included loss carry forward of € 27,885.69. Deposits on the other hand in the amount of € 5,650.86.

Since the amounts of the subscribed capital from this GmbH is only € 25,000, is the company already deeply in debts, basically actually already bankrupt! These indeed fits also that the balance sheets for the years starting from 2010 were no longer published.

In summary are on swisscoin.eu somehow three companies involved:

  1. Euro-Invest Consult GmbH, Leipzig, Germany - basically bankrupt
  2. Euro Consult GmbH, Baar, Switzerland - Reestablishment with only CHF 20,000
  3. Veto-Concept AG, Leipzig, Germany - according to the last balance sheet from 2011 economically battered

    The paid up share capital of € 50,000 has changed due to the loss carried forward and the current net income of € 1,934.13 to € 8,190.27.

    Loosely translated, it means that no bank in the world would lend a single penny to this company, because they survive only by taking off from the existing substance. Unless the balance sheets starting from 2012 would not show any earnings again, but since those balance sheets did not got published, I cherish reasonable doubts.

The individuals are involved at swisscoin.eu:

  • Horst Wefer, 70 years old, CEO of Veto-Concept AG, Leipzig, Germany
  • Manfred Mayer, 57 years old, since December 2011 executive of Veto-Concept AG, Leipzig, Germany
  • Hans Werner Marquetant, 74 years old, Chairman of Veto-Concept AG, Leipzig, Germany
    Managing director from Euro Solution GmbH, Baar, Switzerland
    and since August 2015 managing director of Euro-Invest Consult GmbH, Leipzig, Germany

If someone is thinking logically then he will get it, that nobody can buy money and nobody can take out more money from a system than the amount of money is inside. Each little child knows already that the market price depends on supply and demand. Which value can have a digital currency which gets traded only by one issuer?

 

AboutMe

I'm since more then 35 years in the computer business (programming and technical support) and using the Internet since it has started. Since 2002 I'm programming solutions for Asterisk and since 2004 I'm in the call center industry.

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