COTP stands for “Cryptos OTC Buying and selling Platform”. It’s an MLM firm that operates within the crypto area of interest.

COTP offers no credible firm possession or govt info on its web site.

As an alternative COTP offers made-up executives represented by inventory pictures:

Regardless of COTP’s CEO being “Jane Jenny” above, COTP’s sole advertising and marketing video presents one other CEO actor:

COTP can’t appear to get their lies straight although. Dariush’s script requires him to introduce himself as COTP’s “Technical Director”.

In an try to look official, COTP offers a FINCEN certificates for an MSB registration.

These are sometimes utilized for by offshore scammers utilizing bogus particulars. On this case COTP has used a shell firm incorporation in Colorado.

Cryptos OTC Buying and selling Platform was integrated with bogus particulars on 14th October, 2021.

For reference, Feng Yan is cited as the corporate proprietor. This particular person possible doesn’t exist.

The deal with used to include COTP in Colorado, which additionally seems on their MSB registration, belongs to an unrelated mail forwarding service (i.e. digital deal with).

For the aim of MLM due-diligence, primary incorporation and something from FINCEN is meaningless.

Perusal of COTP’s web site source-code reveals the positioning is designed with Chinese language in thoughts:

This strongly suggests whoever is working COTP is predicated out of or, on the very least, has ties to China or a neighbouring nation.

Alexa at the moment ranks the US as the one notable supply of site visitors to COTP’s web site (25%).

COTP runs two web sites on the domains “cotps.com” and “cotps.internet”.

COTP’s .COM area was first registered again in 2019. The area was bought by its present proprietor(s) on February eighth, 2022.

COTP’s .NET area was first registered on October 2nd, 2021. The registration was final up to date with an incomplete deal with in Singapore on February ninth, 2022.

As at all times, if an MLM firm will not be brazenly upfront about who’s working or owns it, assume lengthy and exhausting about becoming a member of and/or handing over any cash.

COTP’s Merchandise

COTP has no retailable services or products.

Associates are solely in a position to market COTP affiliate membership itself.

COTP’s Compensation Plan

COTP associates make investments tether on the promise of a ROI.

Returns are paid each 2 hours, with associates required to manually make investments if the utmost every day return is to be realized.

COTP don’t present particular ROI charges however promoters most every day returns at 3% to 4%.

COTP pays referral commissions on invested tether down three ranges of recruitment (unilevel):

• stage 1 (personally recruited associates) – 15%
• stage 2 – 10%
• stage 3 – 5%

Becoming a member of COTP

COTP affiliate membership is free.

Full participation within the hooked up revenue alternative requires funding in tether.

The reinvestment minimal quantity is 9 USDT. I imagine that is additionally the preliminary minimal funding quantity.

COTP Conclusion

COTP is a straightforward Ponzi scheme that seems to be run out of south-east Asia.

Associates enroll, make investments cryptocurrency and earn numbers on a display each 2 hours.

Returns aren’t realized till withdrawals are made, paving the best way for earlier traders to steal the majority of subsequently invested funds.

COTP deploy the standard buying and selling Ponzi ruse:

COTP is a blockchain OTC and cryptocurrency alternate platform.

We offer customers with a extra free and safer buying and selling atmosphere, use AI clever algorithms to match customers with the most effective orders.

COTP offers no verifiable proof it’s engaged in buying and selling. Such proof could be audited monetary studies filed with monetary regulators.

Shell firm incorporation, FINCEN certificates, backoffice numbers on a display and YouTube movies usually are not an alternative to this authorized requirement.

COTP additionally fails the Ponzi logic check. If COTP’s proprietor(s) truly had a buying and selling bot able to hitting 3% to 4% a day, they’d quietly use it themselves.

By way of compounding, at 3% to 4% a day it doesn’t take a lot to show even a modest capital right into a fortune.

As an alternative they’re offering anybody with an web connection entry, which after all is senseless.

Throw in securities fraud and inventory photograph executives – COTP is a traditional MLM crypto Ponzi scheme.

As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.

This may starve COTP of ROI income, finally prompting a collapse.

The maths behind Ponzi schemes ensures that once they collapse, the vast majority of members lose cash.