On its website, Celestion omits leadership and ownership details.
On April 3rd, 2024, Celestion’s website domain (“celestion.io”) was privately registered.
Celestion gives the corporate registration information for “Celestion Foundation PTY LTD” in an effort to seem authentic.
On April 24, 2024, Celestion Foundation PTY LTD was registered in Australia. Celestion Foundation PTY LTD’s ASIC registration address is associated with a virtual office provider.
Put differently, Celestion Foundation PTY LTD is a fictitious business with no real connections to Australia.
MLM scam is notoriously unregulated by ASIC. Furthermore, there is no verification and anybody may register a business with ASIC using any false information.
Because of this, fraudsters living outside of Australia want to register with ASIC.
The ASIC registration certificate is consequently useless as evidence of validity in relation to MLM due diligence.
As always, you should carefully consider joining and/or transferring any funds if an MLM firm is not transparent about who owns or operates it.
Celestion doesn’t provide any goods or services that may be purchased.
Only the Celestion associate membership itself may be promoted by affiliates.
Affiliates of Celestion invest in Tether (USDT). On the basis of the promised passive returns, this is done:
Recruiting affiliate investors is how Celestion’s multilevel marketing business makes money.
Celestion’s compensation scheme has 10 affiliate levels.
They are as follows, along with their corresponding qualifying requirements:
Keep in mind that Celestion limits the amount of rank qualifying in the following ways:
The five recruiting tiers that USDT invested in are not included in the rank qualifying volume.
Celestion uses a unilevel compensation system to offer a matching bonus.
Every individually recruited affiliate is positioned right behind the top affiliate in a unilevel pay scheme (level 1):
New affiliates are added to level 2 of the original affiliate’s unilevel team if any level 1 affiliates hire them.
Level 2 affiliates get promoted to level 3, and so on, down an almost limitless number of levels, if they bring on new affiliates.
Payable unilevel team levels are capped to 10 by Celestial.
Depending on rank, the Matching Bonus is given as a proportion of daily returns made over these 10 levels:
Celestion offers the following one-time Rank Achievement Bonuses to affiliates that meet the requirements at Nano and above:
Membership as a Celestion associate is free.
A minimum investment of USDT is required to fully participate in the linked income opportunity.
The website boasts of disrupting the global financial environment and changing the face of money in the future. Scammers often utilize such inflated claims to entice unwary people.
Limited verifiable information about the business, its employees, or its actual location is available on the website. Reputable financial sites often provide clear details about how they operate.
The website provides a number of high-risk financial services, including cryptocurrency arbitrage and flash loans, but it does not clearly comply with regulations or sufficiently describe the hazards involved.
As is typical in cryptocurrency frauds, the website advertises CLHC, its native coin. Platforms that actively advertise their own coins might raise suspicions among investors.
Testimonials from people in other nations are included on the website, however they can be faked to give it a false impression of validity.
Without hard proof of present performance, the comprehensive strategy and aspirational goals for the future, such as branching out into other industries, may be a ploy to draw in investment.
Celestion claims that it makes money from the sale of cryptocurrencies.
There is no concrete proof that Celestion is bringing in any form of outside income. ASIC-filed audited financial reports would be one example of such proof.
Keep in mind that this is required by law, and Celestion has not yet submitted any audited financial reports to ASIC.
Celestion’s business plan also doesn’t pass the Ponzi logic test.
Celestion reportedly manages “more than 125 million assets of our customers,” if the company’s deceptive online marketing is to be believed.
125 million makes $6.25 million a day at a rate of 5%. So why is your money needed by Celestion? And why are they providing free access to these absurd returns?
Currently, fresh investment is the only substantiated source of income coming into Celestion.
Celestion would be considered a Ponzi scheme if it used fresh investments to cover ROI withdrawals. The MLM division of Celestion functions as a pyramid scheme as nothing is advertised or offered for sale to retail clients.
Like other MLM Ponzi scams, fresh money will stop coming in as soon as affiliate recruiting stops.
Celestion will ultimately fail as a result of this deprivation of ROI income.
Ponzi schemes’ mathematical foundation ensures that most participants lose money when they fail.
Given World Trade Coal very low trust score, there is a good chance that the website is a hoax. Use caution when accessing this website!
Our algorithm examined a wide range of variables when it automatically evaluated World Trade Coal, including ownership information, location, popularity, and other elements linked to reviews, phony goods, threats, and phishing. All of the information gathered is used to generate a trust score.
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