ProCash supplies no info on its web site about who owns or runs the corporate.
A advertising PDF file linked from ProCash’s web site identifies Rolando Mendoza as CEO of the corporate.
In line with his LinkedIn profile, Mendoza is predicated out of Lima, Peru. Mendoza’s Fb profile locations him in Bolivia.
Aside from posting a bunch of boomer private growth memes on Fb, Mendoza (proper) doesn’t seem to have been as much as a lot lately.
I used to be unable to place collectively his MLM historical past, suggesting he’s both been inactive or promotes in personal.
Alexa visitors estimates counsel ProCash is at present being promoted in Cuba (60%) and Honduras (26%).
Learn on for a full evaluation of ProCash’s MLM alternative.
ProCash has no retailable services or products, with associates solely in a position to market ProCash affiliate membership itself.
ProCash’s Compensation Plan
ProCash associates join and make investments ethereum and tron on the promise of marketed returns.
ProCash’s official advertising presentation touts
- a MasterNodes contract that pays four% to 20% a month, capped at 200% (minimal zero.05 ETH funding);
- a Pool TRX contract that pays 15% to 25% a month, capped at 200% (minimal 100 TRX funding);
- a VIP TRX contract that pays a 300% passive return (no minimal funding quantity offered); and
- a lottery in “which all people wins” (which is after all mathematically unattainable)
Observe 5% charge is charged on any withdrawals.
Extra elements of ProCash’s compensation plan are detailed under.
Eight-tier 2×2 Matrix Cycler
ProCash’s 2×2 matrix cycler has eight tiers and prices 500 TRX to enter.
A 2×2 matrix locations an affiliate on the high of a matrix, with two positions immediately below them:
These two positions make up the primary stage of the matrix. The second stage of the matrix is generated by splitting these two positions into one other two positions every (four positions).
Positions within the matrix are crammed through subsequent funding.
ProCash’s cycler tiers begin at 500 TRX and go as much as 64,000 TRX.
The marketed return on every cycler tier is 368%.
ProCash associates are paid a share of funds invested within the MasterNode, Pool TRX and VIP TRX plans.
- MasterNode funding pays an eight% fee
- Pool TRX funding pays an eight% fee
- VIP TRX funding pays a 20% fee
ProCash pays residual commissions through a binary compensation construction.
A binary compensation construction locations an affiliate on the high of a binary crew, cut up into two sides (left and proper):
The primary stage of the binary crew homes two positions. The second stage of the binary crew is generated by splitting these first two positions into one other two positions every (four positions).
Subsequent ranges of the binary crew are generated as required, with every new stage housing twice as many positions because the earlier stage.
Positions within the binary crew are crammed through direct and oblique recruitment of associates. Observe there isn’t any restrict to how deep a binary crew can develop.
On the finish of every day ProCash tallies up new funding quantity on each side of the binary crew.
Associates are paid eight% of funds invested on their weaker binary crew aspect.
ProCash pays a Matching Bonus on residual commissions through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel crew, with each personally recruited affiliate positioned immediately below them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel crew.
If any stage 2 associates recruit new associates, they’re positioned on stage three and so forth and so forth down a theoretical infinite variety of ranges.
ProCash caps the Matching Bonus at 1%, paid down 5 unilevel crew ranges.
ProCash rewards associates for assembly the next eight rank qualification standards:
- Platinum (generate $2000 in collected weaker binary crew aspect quantity) – a $30 TRX VIP funding place
- Sapphire (generate $20,000 in collected weaker binary crew aspect quantity) – $400
- Ruby (generate $200,000 in collected weaker binary crew aspect quantity) – $4000
- Emerald (generate $1,000,000 in collected weaker binary crew aspect quantity) – a trip in Dubai for 2 and $5000
- Diamond (recruit two Emeralds and generate $2,000,000 in collected weaker binary crew aspect quantity) – a Mercedes Benz GLA
- Diamond Founder (recruit two Diamonds and generate $four,000,000 in collected weaker binary crew aspect quantity) – an Audi Q8
- Double Diamond (recruit two Diamond Founders and generate $eight,000,000 in collected weaker binary crew aspect quantity) – $130,000
Becoming a member of ProCash
ProCash affiliate membership charges will not be disclosed.
What we do know is to take part within the revenue alternative, a minimal zero.05 ETH or 100 TRX funding is required.
ProCash is a lavatory commonplace cryptocurrency Ponzi scheme.
There’s not even a veneer of legitimacy right here, it’s simply straight up money-in, money-out Ponzi shenanigans.
The one time ProCash broach the subject of legitimacy is a bit on their web site that claims they “are a 100% authorized and consolidated firm”.
There’s a hyperlink to obtain ProCash’s “authorized bases”, which is an incorporation certificates for Professional Money Desires Corp in Panama.
Clearly that doesn’t legalize Ponzi fraud and is meaningless.
I discover it laborious to imagine Rolando Mendoza awakened at some point and determined to launch his personal Ponzi scheme.
ProCash is probably going the results of Mendoza dropping in a number of Ponzi schemes, earlier than inevitably realizing it’s way more worthwhile to do the scamming than to be scammed.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This may starve ProCash of ROI income, ultimately prompting a collapse.
The maths behind Ponzi schemes ensures that after they collapse, nearly all of members lose cash.