Welcome to Cryptolon Review!
This is one of the latest Bitcoin Cloud Mining platform that has caught my eye.
Seeing that 7% daily return on Cryptolon website was so tempting that is why I decided to have a closer look.
If you are looking to make some money aside, passive income, with Cryptolon in Bitcoin Mining you need to read this review till the END.
I am going to go through the company, products, compensation plan and basically whatever it is that you need to know before investing in Cryptolon.
Let’s begin with the company.
Table of Contents
Cryptolon Review (Company)
Landing on their website cryptolon doesn’t provide any information in regards to who runs or owns the company.
Their domain ‘cryptolon.co’ has been registered privately on October 2020. All the registration information is private so I wasn’t able to pin down the admins.
Cryptolon pitches itself as an Smart and Easy way to invest in bitcoin company with zero stress.
They set aside themselves by being a “peer-to-peer lender” and having a team of experts in blockchain networks and mining algorithms.
In addition to that another interesting thing I found about them was that they only mine bitcoin.
Cryptolon has gathered 4 registration and certificate and put them on their website in order to show that they are legit.
From what I can see, none of these have anything to do with Cryptolon.
- The MTR certificate is dated back in February 2018 and is for “Crylon LTD”. Based on the Cryptolon domain registration, this almost 3 years (31 months to be exact) before cryptolon.co.
- Next The European Trademark is also the same, dated February 2018 and is also for “Crylon LTD“.
- UK Companies House registration is dated back again 2018 and is for “Crylon LTD“.
- And lastly, the FinCEN certificate is dated February 2019, however this time this is for “ExFinance OU”.
Cryptolon do mention a “CRYLON HOLDINGS LIMITED” on their website in “Terms” section. I guess they have just picked this name to sound the same as those certificates. Also if you navigation to their “Terms” page on their website, they have dated it on 2019 and linked to a completely different company certification. This is where they linked to, if it is hard to see in the image.
What is Bitcoin Mining:
Bitcoin mining is done by specialized computers. The role of miners is to secure the network and to process every Bitcoin transaction.
Miners achieve this by solving a computational problem that allows them to chain together blocks of transactions. As a result, miners are rewarded with newly-created Bitcoins and transaction fees.
Cryptolon Products
Cryptolon doesn’t have any product or services available that you can sell to a real customer. All you can do is to sign-up and create an account at cryptolon.co and start promoting their mining plans by becoming an affiliate.
Cryptolon Compensation Plan
Cryptolon currently have 4 compensation plan (mining packages) that you can choose from.
Basic:
- Duration: 7 Days
- Profit / ROI: 3.2% Daily
- Minimum Deposit: $25
- Maximum Deposit: $300
- Principal Returned: Yes
- Instant Payout: Yes
- Platform: Cloud Mining Servers
Standard:
- Duration: 14 Days
- Profit / ROI: 4% Daily
- Minimum Deposit: $300
- Maximum Deposit: $3000
- Principal Returned: Yes
- Instant Payout: Yes
- Platform: ASIC Miners
VIP:
- Duration: 14 Days
- Profit / ROI: 5% Daily
- Minimum Deposit: $3000
- Maximum Deposit: $6000
- Instant Payout: Yes
- Capital included: Yes
- Platform: AntMiner T9
Special:
- Duration: 14 Days
- Profit / ROI: 7% Daily
- Minimum Deposit: $6000
- Maximum Deposit: $15000
- Principal Returned: Yes
- Instant Payout: Yes
- Platform: AntMiner T9
Cryptolon.co Affiliate Membership
Cryptolon has a simple uni-level type affiliate program.
Uni-level affiliate program is presented in the diagram below:
Uni-Level referral program starts with you at top, then whoever you personally recruit are going to be your Level 1 recruit.
After that, whoever your Level 1 recruits is going to be your Level 2.
This basically goes down an infinite level as it’s illustrated in the above image.
Cryptolon caps their level to 3.
- Level 1 (personally recruit): 4%
- Level 2: 5%
- Level 3: 7%
Cryptolon Review – Withdrawal
Some facts in regards to withdrawal/deposit, gathered from cryptolon.co website.
- e-currencies they accept are mainly BITCOIN, but they have made provisions for other cryptocurrencies to be mined too, such as Litecoin, Bitcoin Cash and Ethereum.
- Your account will be updated immediately the payment has achieved two blockchain confirmations
- Daily profits won’t be paid directly to your currency account. Profits are gathered on your Cryptolon account and you can withdraw them anytime.
- You can’t open several accounts.
- After making withdrawal requests, Funds are usually available within 12 business hours.
Similar companies I did a review on:
Cost To Join Cryptolon.co
It is free to join Cryptolon. You can simply sign-up and create a free account. However if you want to join their passive income plans the minimum deposit needed is $25.
If you don’t like to fork money out of your pocket, you can sign-up and grab your affiliate links and start promoting them. Once you start earning commissions from your referrals you can put those commission into your account.
Now that I have went through all the details about cryptolon.co it is time for my unbiased third party verdict.
Final Verdict
So is the Cryptolon scam exists?
Let’s look at the facts, shall we…
We don’t know who runs or owns the company.
They claim that they have generated external revenue from a “cloud mining farm”, however there is no evidence to back that claim. Which means they don’t have any external revenue to pay those promised returns.
In addition to that, even if you wanna take their certificates legit, none of them are from any financial/securities, which means they are not legally allowed to provide passive income. Also they don’t have any audited financial reports.
As far as I can tell, the only source of income the Cryptolon has is the new investment of the new recruits. This is simply your pyramid scheme[1]. New affiliates investments paying off the existing ones.
Once the recruitment stops, Cryptolon won’t be able to pay the promised returns and lot of people will end up losing money.
I can’t recommend this!
I hope you enjoyed my cryptolon.co review, Please make a comment below if you have any question or suggestion.
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Disclaimer
This cryptolon.co Review Article isn’t aimed at defaming cryptolon.co nor is it targeted to promoting them.
This article is strictly for enlightening purposes and a honest guide from my perspective because I strongly believe every brand needs a good
Therefore, you are at liberty to accept or reject this article and act base on your own perspective of the platform. You are encouraged to share your own opinion or views about the platform with me via the comments box below so as to further improve this cryptolon.co review.
I get commissions for purchases made through links in this post.