Table of Contents
Introduction
The Roy Club is a digital currency investing platform that promotes the high returns investors may expect to get on their holdings. The corporation has been quite active in advertising the new cryptocurrency, which goes by the name Prizm and was only just introduced. Nevertheless, the business strategy of the firm and the legitimacy of Prizm have come under examination, with many individuals saying that it is a Ponzi scam. Prizm has also been called into question. In this analysis, we will investigate Roy Club, its business strategy, and Prizm in further detail to establish whether or not it is a viable potential for financial investment or a fraudulent scheme.
A brief history of the Roy Club
In 2017, a group of individuals who were interested in cryptocurrencies came together to form Roy Club. The business claims that it has more than 1.2 million customers and has operations in several countries, including Russia, Ukraine, and Kazakhstan. The website of the firm may be accessed in many different languages, including Spanish, English, and Russian, among others.
The business strategy of the organization is based on the concept of multi-level marketing (MLM), which provides participants with the opportunity to earn substantial returns on their investments. The organization claims that it will earn returns for its clients by investing in a variety of cryptocurrencies such as Bitcoin, Ethereum, and Litecoin, amongst others.
The MLM Structure of Roy Club
To earn commissions via Roy Club’s multi-level marketing system, existing members must bring in new customers. According to the corporation, its multi-level marketing (MLM) system is intended to reward members who are actively involved in the business and assist them in earning passive income via referrals.
Members are rewarded with commissions depending on the total amount of money that is invested by new members that they recommend to the platform that they are a part of and are encouraged to recruit. The commission rates change based on the level of the member as well as the amount of money invested by referrals. The organization has a variety of membership tiers, with prices ranging from fifty dollars to fifty thousand dollars and varying compensation structures for each tier.
In addition, the firm provides its members with a variety of benefits, like a referral bonus, a binary bonus, and a leadership bonus, amongst others, to encourage them to ask new users to sign up for the platform.
The cryptocurrency is known as Prizm
Prizm is a brand-new cryptocurrency that was released in 2019 by Roy Club. In comparison to other cryptocurrencies such as Bitcoin and Ethereum, the business that created Prizm asserts that it is a one-of-a-kind cryptocurrency that was developed to provide quicker transaction speeds and reduced transaction costs.
According to the business, the consensus mechanism that Prizm utilizes is called Proof of Stake (PoS), and it is more energy-efficient than the Proof of Work (PoW) technique that is used by Bitcoin and other cryptocurrencies. In addition to this, the business asserts that Prizm is superior to other cryptocurrencies in terms of both security and scalability.
Since the firm believes that Prizm is a lucrative investment prospect, it strongly recommends that its members put money into the platform. Prizm has been called a fraud by several individuals, which raises questions regarding whether or not it is a legitimate business.
Is the Roy Club a Genuine Investing Opportunity or Just Another Scam?
The issue of whether or not Roy Club is a genuine opportunity for financial investment or a fraudulent scheme is a complicated one. On the one hand, the firm claims that it can provide substantial returns on investments using both its multi-level marketing (MLM) system and the Prizm cryptocurrency. In addition, the organization has been operational for a considerable amount of time and caters to a sizable customer base.
Warning Sings
On the other hand, there are several warning signs that point to Roy Club being a possible Ponzi scam. To begin, the primary driver of revenue for this firm is the addition of new users to its platform, which is the primary focus of its business plan. This is a typical trait of a Ponzi scheme, in which the money contributed by newer members is utilized to pay off the contributions made by older members.
Second, the multi-level marketing (MLM) structure of the organization and the huge commissions that are provided to members for bringing in new members have the appearance of a pyramid scheme. Pyramid schemes are unlawful in many countries and are comparable to Ponzi schemes, in which participants earn money by recruiting new members rather than via legitimate economic operations. Pyramid schemes are similar to Ponzi schemes in that participants earn money by recruiting new members.
Finally, questions about the legitimacy of the Prizm coin have been raised as a result of the company’s active advertising of the cryptocurrency since its introduction. Prizm is a cryptocurrency that the corporation says is authentic, even though there is very little information accessible about it, and the price of Prizm has been rather erratic.
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