According to their official website, Crowd1 offers people an opportunity to participate in Crowdfunding initiatives:
“Crowd1 has established a business model where average people, without taking a huge financial risk, may be able to benefit from the new trends of Crowd-funding and Share Economy”.
But, what exactly does this mean?
What is Crowdfunding?
According to Wikipedia, “Crowdfunding is the practice of funding a project or venture by raising small amounts of money from a large number of people, typically via the Internet”.
Here’s an example of how crowdfunding works:
When Marissa Louie needed funds to start her toy company Animoodles, she launched a crowdfunding campaign inside Kickstart.
She posted her business idea on Kickstart and asked the general public for donations with a promise to send them some toys once she made them. (You can see the complete pitch on the Kickstart website).
In the following example, donors were promised a set of three toys when they pledged $75…
She managed to raise over $100, 000 from 939 backers to get her business off the ground…
How do Crowd1 Members Benefit from Crowdfunding?
In the Animoodles example, donors understood exactly what they were funding.
…And the benefits for their participation were clear …They would get some toys.
In Crowd1, it is not clear what the rewards for “donors” will be…
During their pre-launch phase (early 2019), Crowd1 offered people an opportunity to buy shares into Crowd1.
The promised reward was that members will benefit from Crowd1’s future partnerships in the Online Gambling and Mobile Gaming sectors.
This was to be done through Crowd1’s AffilGO and Miggster platforms.
However, it is not clear how members will benefit from these “partnerships”.
“…The Amazing Opportunity to Gamble…”
Most of the people who bought into Crowd1 operate under the assumption that they will earn dividends from Crowd1’s gaming and gambling partnerships. What most of them don’t realize is that they will still need to recruit people into these “partner” programs before they can earn commissions.
On 12th December 2019, Crowd1 announced its first Online Gambling partner, Betway.
However, Betway already has an Affiliate Program that anyone can join and earn commissions from referrals. So, it’s not clear what Crowd1 brings into the mix.
And, consider this note in AffilGO’s “Terms and Conditions”…
As of 22 January 2020, Crowd1 has thus far announced “partnerships” with the following businesses:
- Betway in Ghana, Kenya, Nigeria, Uganda or Zambia;
- ComeOn! in India;
- Codere in Colombia and Mexico and
- Premier Bet in Mozambique.
All of them have their own Affiliate Programs and the same “Terms and Conditions” as Betway apply… If you’re a Crowd1 member, you cannot ask them any questions related to their partnerships with Crowd1.
And if you take a look at these companies, you will notice they are not your typical start-up businesses. Therefore, it is unlikely that there is any “Crowdfunding” happening in their “partnerships” with Crowd1.
The only start-up business that seems to benefit from any “Funding” by a “Crowd” is Crowd1 itself.
Are Members Paying to be Someone Else’s Product?
As I was reading through Crowd1’s “About” page, I came across these worrying statements:
“Members will …be part of a large group of people who will be presented to different Crowdfunding opportunities, managed by the best and regulated Crowdfunding companies.”
“The crucial part of crowdfunding is to establish the crowd. Crowd1 will be one of the largest crowds of people interested in crowdfunding”.
Notice that it says “Crowd1 members will be presented to the Crowdfunding opportunities”…not “…presented with”…or “…given an opportunity to participate in…”.
What’s wrong with these statements?
Well, if you ignore the flowery words and misdirections, this is what they’re saying:
- (Crowd1’s product) will be “the largest crowds of people” (who sign up to become members).
- When enough people have signed up (and paid), Crowd1 will present them to partners (Betway, Premier Bet, etc) as potential “players” (gamblers).
What’s Your Take?
I personally think Crowd1 is a well-crafted Ponzi Scheme. But I know there’s a lot of people out there who think it’s a Great Opportunity. I’d like to hear your thoughts…Please share them in the “Comments” section below.
Great article and love the research you did.
If everyone could simply seek to understand how something works before jumping unknowingly into something. Risking their own money on the words of others not having a clue what’s going on, blind leading the blind!
Thanks for stopping by, Leo. And yes, if people would only do a bit of due diligence before they part with their hard-earned money!
Wow, finally someone is exposing this pyramid fraud.
Amazing work. But why isnt the mass media getting involved. This is a huge story.
Finally someone is exposing the pyramid fraud?
Is not a fraud, at the 18 maj, we gonna get first payout from affilgo. All our Owner Rights will turn into Crowd1 Rewards, we have products now.
Search on Healy on Youtube, watch the new video named “Crowd1 is not a scam / Facts only part 1” then you gonna see the potentiale in this.
I went and watched the video…It’s disappointing that what the guy calls “facts” is nothing but propaganda – He is reading from Crowd1’s own publication. Why not show us a legal document from EU (or Spain for that matter,) that says: “We as the European Union hereby declare that everything about Crowd1 is Kosher, Halaal and Hunky-Dory. So help us, God. Amen.”
Very interesting article. You leave out some facts that help support your theory. And it is a theory that you bring forth so very well.
You fail to mention facts that when I join Crowd1, with my purchase comes the educational digital package, along with owner rights / not shares.
Owner rights are like shares in that when the Crowd1 receives profits from the gambling division – Affilgo and later the gaming division – Miggster and the lottery system. Then 80% of those profits from those divisions will be dispersed amount the Crowd1 network.
The first release of the Affilgo profits is during or end of this summer and then every quarter after that. Miggster will follow in 2021.
I completely agree with you in terms of crowd1 surfaces from murky waters but that in itself does not mean a scam or a ponzi, no. Yea of little faith.
You miss the point.
The leadership behind Crowd1 have a new mission. A mission they never saw before. A mission that now proves to them one major fact.
You look but you still cant see it.
You will when its broadcasted.
Please tell us what was in the “Education Package”. And you’re right about the “shares” vs “owner-rights” issue…it’s just “potato/potato”…But there’s a reason why Crowd1 does not do business in countries that have strict “Securities” legislature.
woaw, how can you be this blind? Thet started in the biggeste countrys in the world? The backoffice is european and it lies in Madrid, headoffice in Stökholm Sweden?
They cant open up the hole world at once, it will go down then, thats why they startede in the big countrys and not europa, they wil come to that later on ofc.
Theres is huge diffence between the Owner Righst and Stocks. Thats why is education package, we will get paid every quarter from the rewards.
You know alot, but you dont know the truth and possibility.
Well said. Thank you for bringing the thuth to light. Crowd1 is there to help people all over the world and have made many millionaires already. The main thing is that you cannot stand outside a house if you decide to buy it- you need to come inside and then only you can decide if you want to buy the house. Crowd1 is a revolutionary company and its adapting to constantly to comply with relevant legislation. And please get behind thecreason why Norway has launched investigation into Crowd1- main reason is that only the government of norway has a legal gambling platform so Crowd1 is seen as competion because Crowd1 is unique and a threat to many companies. That is the main reason for most of the negative reviews about Crowd1. please search for video ” Crowd1 is not a scam” and familiarize yourself with more facts.
Thank you
IMPOSSIBLE IS NOTHING!!!!
Have to say one honest review and i love it. Other people love to sugar coat every thing. But on this review i agree a hundred.
I dared to ask Betway of their relationship with Crowd1 and their email was an adamant “NO, WE DON’T KNOW THEM NOR ANY OF THEIR AFFILIATES…”
Under CIPC of South Africa, the sole director is listed as: JONATHAN ANDERS STROM.
There’s another name for your who’s-who-is-not list!
In their presentations they’ve said they’re not selling shares, it’s rights – wtf?
When the so called rights are changed into “rewards” what is that, but another play on words!?! NOTHING!!.
Sadly, I have a family member that’s hooked onto this and I can’t convince her otherwise. All I can do is monitor her and when the eventual implosion happens, I’ll be there to help her pick up what’s left of her dignity.
You make a good point here TK. Crowd1 is full of these deceptive play of words. Sadly, most people who get hooked into the scheme tend to ignore them. I hope your family member getto see the light before she’s in too deep.
Is it crowd1 halal or Haram?
Hi, Daahir. I’m not a Muslim, which makes my understanding of the deeper meaning of Halal and Haram somewhat limited. However, if you’re asking if Crowd1 is “Legal or Illegal”, you’ll have a hard time proving that in a court of law. Crowd1 avoids using terms that may get them in trouble with most authorities. For example, they know that calling what they’re doing “Selling Shares” might get them in legal trouble, so they call them “Owner Rights”. People just need to look beyond the “fluff” and the fancy play of words to see what’s going on.
Haraam is the simplest way to put it.
Oh, thank goodness someone sees this. And the whole Crowd1 is not a scam videos being published by Crowd1’s youtube? Uh, iffy much. I mean, I know people who work in finance and the first thing they said was that Crowd1 is a scam.
Also, I researched some of their proposed partners and searched for Crowd1 on their sites. Nothing. If they were really funding these partners, they would’ve been mentioned. And did anyone see the list of restricted countries? Lots of those are some of the strongest financial countries in the world.
And, no, I’m not saying people who buy into it won’t get money, but, with time, Crowd1 (like all other ponsi schemes) will just disappear. I hate that members of my family (who have already bought into ponsi schemes previously) bought into Crowd1 and thought it was legit. It isn’t. Just read the terms and conditions and you’ll notice how iffy it is (or, maybe, I did because my father’s been pretty honest about what to look out for since I was way too small to understand it).
Also, I saw Crowd1 had some or other big parent company that *did not even have all the roles filled – one of them being an important position for finance*.
So, yeah, I agree. CROWD1 IS A PONSI SCHEME. I mean, common? Why do people even believe this?
And some author about self-help books is not an expert on finances! Darn it. Get a financial analyst (accredit one please who you can find on the web and has spoken about other big companies and reviewed them) or a big investment banker to tell me it’s not a ponzi scheme – with proof, and not proof from Crowd1’s website – and I might believe you.
Also, show the legal documents.
Other companies do.
So, yeah, if people believe flowery words, they, like the first people who were ever conned, aren’t doing the research.
Can I also mention how alarming it is that, if you search Crowd1 on the web, you either get multiple of Crowd1’s own sites or *multiple* reviews saying that the proof is in the pudding and it seems like a scam. And the fake news bit? NOT EVERYTHING IS FAKE AND USING IT AS AN EXCUSE BECAUSE PEOPLE ARE CALLING YOU OUT FOR BEING AN IFFY COMPANY IS BEING A GOOD LIAR/CONMAN. Trump, for one, who started the whole fake news bit, leans into the excuse a lot when people dare to be honest.
And, no, don’t tell me I’m blind and don’t understand what Crowd1 offers, because I spent the entire day reading up on their website, checking on their supposed partners, and saw a whole lot of flowery words, misinformation and blatant untruths covered by flimsy excuses.
Bring out a real financial analyst or investment backer or fraud detective (or, maybe, all three) to back you up and PUBLISH IT IN THE NEWSPAPER INSTEAD OF ON YOUR DARN YOUTUBE and I might believe you.
Might.
…AND STEFFY JUST DROPPED THE MIC!!!
I think you’ve just Wrapped it Up, Steffy …and Me trying to add anything more to your comments will just dilute your message.
I just hope that somebody out there is LISTENING!
So im a member of crowd1 and i must say this is all bulldust. The education package that you are buying consists of 6 videos the longest one just over 4&half minutes!!!!! €99 for six videos and crowd1 rewards that you must convert and all sorts of shit to see any real earnings. Every week you earn rewards that you must claim or loose. To buy into this ponzi you must pay in bitcoin. The company does not except payments from anyone outside the EU. Made me wonder why??? They only except payments from bank account that operate in the Sepa area. Their bank account is registered in Malta. The bank Pheonix payments is know to be an offshore banking facility!!!! So how do you earn money in crowd1? You bullshit people into buying into the ponzi scheme. If you have paid for your package with Bitcoin you wouldve received some type of crowd1 reward and when you start earning you can convert the rewards into some type pf digital cash. You then take that cash and buy digital gift codes which you will then sell to the people that you bullshit into buying this crap. So you end up taking their hard earned cash and create an account for them using the gift code. The way i see it all members selling crowd 1 and taking money from people are thieves and should be charged with fraud!
According to what is exposed here, the source of sustainability source for CROWD1 is ribah and gambling which are not permissible in the Islamic faith. So, it is not Halal to invest in Crowd1.
Hi, Asa?. Thanks for posting your comment. BTW, the “gambling” is also just decoy – Crowd1 is not generating much (if any) revenue from gambling. They make their money off of people who join.