Triple Penny Crypto

Triple Penny Crypto that claims to be involved in cloud mining has not given away the names associated with the company on their website. You would not find the names of the owners or partners of the company listed on their website. Even the domain ownership information could not get anything to count on.

The domain (triplepennycrypto.com) was registered on 25th January 2018 and was made private to hide the name of the domain owner. Although the date of registration is only a few months back, the company claims to be operating since 2010.

Their products or services are also not much to talk about. They do not offer any product or services that can be retailed and only have the affiliate membership options for its investors. To join the plan, one must invest $1000.

Pretty expensive it is. I believe that one should not invest in a company that is not transparent. However, let’s check out what the company has to offer.

Triple Penny Crypto – Compensation Plan

The investment is made for earning a promised monthly ROI. The anonymous admins promise the investors huge ROI in exchange of which, investors invest in the plan:

  • Bitcoin Plain: One must invest $5000 – $19,999.99 for receiving 20% monthly ROI
  • Bitcoin Classic: One must invest $20,000 – $99,999.99 for receiving 30% monthly ROI
  • Bitcoin Pro: One must invest $100,000 – $999,999.99 for receiving 40% monthly ROI
  • Bitcoin Apex: One must invest $1,000,000 – $10,000,000 for receiving 50% monthly ROI
  • Ethereum Bronze: One must invest $3000 – $9999.99 for receiving 15% monthly ROI
  • Ethereum Silver: One must invest $10,000 – $99,999.99 for receiving 20% monthly ROI
  • Ethereum Gold: One must invest $100,000 – $1,000,000 for receiving 30% monthly ROI
  • Litecoin Basic: One must invest $3000 – $9999.99 for receiving 15% monthly ROI
  • Litecoin Standard: One must invest $10,000 – $49,999.99 for receiving 20% monthly ROI
  • Litecoin Premium: One must invest $50,000 – $500,000 for receiving 35% monthly ROI
  • Ethereum Classic Flat: One must invest $1000 – $4999.99 for receiving 15% monthly ROI
  • Ethereum Classic Mass: One must invest $5000 – $9999.99 for receiving 20% monthly ROI
  • Ethereum Classic Elite: One must invest $10,000 – $100,000 for receiving 30% monthly ROI
  • Bitcoin Cash Ruby: One must invest $2000 – $9999.99 for receiving 15% monthly ROI
  • Bitcoin Cash Emerald: One must invest $10,000 – 49,999.99 for receiving 20% monthly ROI
  • Bitcoin Cash Diamond: One must invest $50,000 – $200,000 for receiving 30% monthly ROI
  • Zcash Unique: One must invest $2000 – $25,000 for receiving 15% monthly ROI

Triple Penny Crypto – Referral Commission

Triple Penny Crypto uses uni-level compensation plan to pay referral commission to its affiliates. In a uni-level compensation plan, an affiliate is placed on the top and the personally recruited affiliates are placed directly under the one who recruited them.

For example, the affiliates who are recruited by the top affiliates are placed on level 1. Those who are recruited by the level 1 affiliates are placed on level 2 and so on.

The company pays the affiliates down to 10 levels of recruitment.

  • Level 1: 8%
  • Level 2: 4%
  • Level 3: 2.5%
  • Level 4: 1.5%
  • Level 5: 1%
  • Level 6: 0.6%
  • Level 7: 0.35%
  • Level 8: 0.2%
  • Level 9: 0.1%
  • Level 10: 0.05%

The company has also created a qualification criterion as below. This determines which team of affiliates will be paid and how much.

  • Level 1: One must have a total downline of a minimum of 30 affiliates
  • Level 2: One must have a total downline of a minimum of 60 affiliates
  • Level 3: One must have a total downline of a minimum of 130 affiliates
  • Level 4: One must have a total downline of a minimum of 240 affiliates
  • Level 5: One must have a total downline of a minimum of 480 affiliates
  • Level 6: One must have a total downline of a minimum of 960 affiliates
  • Level 7: One must have a total down of a minimum of 1920 affiliates
  • Level 8: One must have a total downline of a minimum of 3840 affiliates
  • Level 9: One must have a total downline of a minimum of 4840 affiliates
  • Level 10: One must have a total downline of a minimum of 5840 affiliates

Triple Penny Crypto – Rewards

The company also offers rewards to its affiliates. This is also based on the uni-level compensation plan as below:

  • Reward to qualify for level 3: Global Event ticket
  • Reward to qualify for level 4: iPad
  • Reward to qualify for level 5: MacBook Pro
  • Reward to qualify for level 6: Hublot
  • Reward to qualify for level 7: AEP trip to Sapporo, Japan or Colombia
  • Reward to qualify for level 8: gold Rolex watch
  • Reward to qualify for level 9: 2016 Mercedes-Benz GLE coupe
  • Reward to qualify for level 10: Lamborghini Urus

Triple Penny Crypto – Reviews

John: Bogus and Fake. Cheated many people.

Shawn: I have one word for these guys – Untrustworthy.

The Conclusion from the above Reviews

It is very much obvious that the company is a scam and have made flimsy claims.

The Verdict

The company has claimed on its website that it has been involved in the cloud mining of coins such as Bitcoin, Litecoin, Ethereum, and Dash. However, it has failed to provide any evidence to support its claim.

This clearly proves that the company is using the funds invested by the new affiliates to pay the existing ones. This makes this a Ponzi scheme.

Hence, once the recruitment would die, the ROI will also stop. Those joining early would be able to make some profit, but the majority of the affiliates will lose money. Hence, I would suggest not to invest in this scheme.

Share Review:
Yes it is. Based on the user review published on NO-SCAM.com, it is strongly advised to avoid Triple Penny Crypto in any dealing and transaction.
Not really. In spite of the review published here, there has been no response from Triple Penny Crypto. Lack of accountability is a major factor in determining trust.
Because unlike No-Scam.com, other websites get paid to remove negative reviews and replace them with fake positive ones.
Triple Penny Crypto is rated 1 out of 5 based on the reviews submitted by our users and is marked as POOR.
Never trust websites which offer a shady ‘advocacy package’ to businesses. Search for relevant reviews on Ripoff Report and Pissed Consumer to see more unbiased reviews.
The above review and comments against Triple Penny Crypto were submitted by NO-SCAM.com user(s) and have been published as-is. NO-SCAM.com does not edit, alter or remove content published by it’s users. There’s no amount of money a business can pay to manipulate their reviews or complaints and NO-SCAM.com will NOT entertain any request to remove the review on Triple Penny Crypto at any cost whatsoever.
>