In this MarketPeak review, I will give you the lowdown on MarketPeak, a company that lets you invest in PEAK tokens and make money by recruiting people.
You are probably wondering whether this is a legit way to make some extra cash or not and I will start by commending you for doing some research before signing up. There are too many online scams and pyramid schemes out there waiting to pounce on the unwary.
In this Market Peak review, I will cover everything that you need to know about the company, including background information, the cost of joining and whether it is a good way to make money.
So, is MarketPeak legit or is MarketPeak a scam? Keep reading to find out.
MarketPeak Review – Summary
Price to join: $250 to $7500
Program type: Multi-Level Marketing
Summary: MarketPeak is a typical cryptocurrency pyramid scheme/ponzi scheme.
You invest in PEAK tokens which have no real value. They are only really traded within the MarketPeak community and there is no limit on the supply. To make money you have to recruit people into the system and earn commissions on what they spend.
This is an awful business model and almost everyone involved will lose money.
Rating: 0 / 5
Do I recommend? No!
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What is MarketPeak
MarketPeak describes itself as an investment platform for FinTech projects and products. To invest in these companies the projects are tokenized using their own PEAK token.
The hope is that you will be able to pick up a bargain FinTech business that is in its early stages, and when the project soars, so does your investment.
MarketPeak issues its own PEAK token. But the big problem with the PEAK token is that is worthless outside of MarketPeak and there is no limit on its supply (unlike the most well-known cryptocurrency, Bitcoin).
The CEO of MarketPeak is Sergej Heck who has been involved with a few network marketing companies and has released a book on the subject.
He has a history of working with companies that turned out to be scams, like Questra Global, BeOne Push and Crypto Trade Capital. A founder with a history like this is a huge RED flag when reviewing an online program.
Of course, these companies don’t get mentioned on Heck’s MarketPeak corporate bio. Instead, it focuses on his achievement in quickly establishing a global sales team.
Whilst MarketPeak focuses on the investment opportunity that the site offers, the way to make money here is through recruiting other people. You can earn commissions when people below you spend money. Hmmm, it’s starting to sound like MarketPeak is a pyramid scheme.
How Much Does MarketPeak Cost to Join?
There are a few different membership levels which have different costs. The more you invest, the more PEAK tokens you get and you get bigger bonuses.
These are the different membership levels:
- Affiliate (Invest $250 and get 5000 PEAK tokens).
- Marketer (Invest $1000 and get 20,000 PEAK tokens).
- All-in (Invest $2000 and get 40,000 PEAK tokens plus 10% bonus.
- Enterprise (Invest $7500 get 150,000 PEAK tokens plus 15% bonus.
Part of the attraction of joining Marketpeak is the hope that the PEAK token will become more valuable over time.
Some cryptos have seen immense gains over the last few years. But, there have been price collapses of over 95% in value even in the big cryptos that have established and respected projects behind them.
MarketPeak Compensation Plan
As with all MLM’s, the MarketPeak comp plan is very complicated I think this is a deliberate ploy to ensure that people sign up without fully understanding the earning potential.
It is worth noting that MarketPeak has no products or services, affiliates are only able to market MarketPeak affiliate membership itself.
At MarketPeak there’s 10 different affiliate ranks and they are as follows:
- Newbie – generate $5000 in accumulated weaker binary side investment volume
- Rookie – personally recruit two Newbie ranked affiliates and generate $15,000 in accumulated weaker binary side investment volume
- Intermediate -personally recruit two Rookie ranked affiliates and generate $100,000 in accumulated weaker binary side investment volume
- Advanced – personally recruit two Intermediate ranked affiliates and generate $300,000 in accumulated weaker binary side investment volume
- Professional – personally recruit two Advanced affiliates and generate $1,000,000 in accumulated weaker binary side investment volume
- Leader – personally recruit two Professional ranked affiliates and generate $3,000,000 in accumulated weaker binary side investment volume
- Top Leader – personally recruit two Leader ranked affiliates and generate $10,000,000 in accumulated weaker binary side investment volume
- Mentor – personally recruit two Top Leader ranked affiliates and generate $20,000,000 in accumulated weaker binary side investment volume
- Star – personally recruit two Mentor ranked affiliates and generate $40,000,000 in accumulated weaker binary side investment volume
- Super Star – personally recruit two Star ranked affiliates and generate $80,000,000 in accumulated weaker binary side investment volume
Essentially, to get through the ranks you need your downline team to generate more and more revenue.
MarketPeak pays referral commissions via a unilevel compensation structure, this means that you earn recruitment commissions from your downline.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them. This is level 1.
When a level 1 affiliate recruits new affiliates, they are placed on level 2 of the original affiliate’s team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on.
There are 8 levels that you can earn a commission on. The closer the affiliate is to your original recruit, the higher the commission.
- Level 1 (10%)
- Level 2(4%)
- Level 3 (2%)
- Levels 4 to 6 (1%)
- Levels 7 and 8 (0.5%)
You get a bonus on your total downline’s generated investment.
This is paid out weekly and how much you earn depends on your rank.
Here’s the percentage you earn at each rank:
- Newbies (4%)
- Rookies (6%)
- Intermediates (8%)
- Advanceds (10%)
- Professionals (12%)
- Leaders (14%)
- Top Leaders (16%)
- Mentors (18%)
- Stars (19%)
- Super Stars (20%)
Rank Achievement Bonus
You get a reward when you rank up. Here’s the rewards you get when you rank up:
- Newbie gets $100
- Rookie gets $300
- Intermediate gets $2000
- Advanced gets $6000
- Professional gets $20,000
- Leader gets $60,000
- Top Leader $200,000
- Mentor gets $350,000
- Star gets $600,000
- Super Star gets $1,000,000
These bonuses are paid out in Bitcoin.
Is MarketPeak A Pyramid Scheme?
I have reviewed a lot of MLM scheme that manage to avoid being a pyramid scheme, but this one truly is a pyramid scheme.
The key difference between a pyramid scheme and a Multi Level Marketing company is whether there is a genuine product involved.
Companies like Norwex use an MLM system to sell their products. There are commissions involved, the structure is complex and I don’t really recommend it, but it is a legitimate business model.
A pyramid scheme uses a similar recruitment structure but there is no product or service involved, you are simply earning money by recruiting other people. In most countries, pyramid schemes are illegal.
When you join MarketPeak all you get is the ability to buy PEAK tokens. To make money and earn commissions you must recruit more people to Market Peak.
This whole scheme relies on recruitment. If recruitment slows down the project will collapse.
Is MarketPeak A Ponzi Scheme?
A Ponzi scheme is “a fraudulent investing scam promising high rates of return with little risk to investors. The Ponzi scheme generates returns for early investors by acquiring new investors.“
There are a lot of similarities and overlaps with pyramid schemes and Ponzi schemes, and this one ticks both boxes.
PEAK tokens are basically worthless outside of the MarketPeak ecosystem. You buy-in with useful money that has a value and you get PEAK in exchange.
Remember, the founders can easily and cheaply create an unlimited amount of tokens.
These tokens have now been listed on a few crypto exchanges (not the main ones).
So it looks like MarketPeak is planning to use the public exchange exit-scam model.
At the moment, most of the trading takes place within MarketPeak. But, if they were to close the internal exchange, everyone would flock to public exchanges to offload their PEAK.
This will inevitably crash the value of PEAK.
Like pyramid schemes, Ponzi schemes are guaranteed to collapse as the inflow of money cannot be sustained indefinitely.
You Are Unlikely to Make Money
Let’s forget for a moment that this is an illegal pyramid scheme. Suppose you don’t care about that. You just want to know whether you can make some money?
Well, the answer is almost certainly not.
Even legitimate MLM’s are incredibly hard to succeed with. The rates vary but most studies show that an astonishing 99% of people that invest money into a MLM end up losing money.
The chances of success are vanishingly slim.
This is because recruiting is the best way to make money with a MLM and it is really hard to recruit.
To be successful you need to recruit hundreds of people to your down line. Even getting 10 is hard and inevitably you end up pestering your friends and family.
Plenty of relationships have been ruined thanks to the pressure of MLM pyramid selling. Do you really want to go down that route?
All in all, MLM’s are a bad way to make money.
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MarketPeak Pros And Cons
I always like to try an add balance and say what I like and dislike about a program. It’s hard with this one though.
There is no product here so this is not a legit MLM company but a pyramid scheme. The only thing that you can market is a membership and the entire company relies on recruiting. This makes it a pyramid scheme that will inevitably fail.
The PEAK token has no real value. When the exit scam starts the value will plummet and most people will lose all their money.
Is MarketPeak A Scam?
Yes it is.
The whole thing relies upon people investing in a crypto that has no use case or value outside of MarketPeak.
The company relies on continuous recruitment to keep I going but this is not sustainable.
When the system fails most people will lose their investment. This is definitely one to avoid.
Here’s A Better Opportunity
I hope that you have enjoyed reading my MarketPeak review. It should be pretty clear that I don’t rate it as a platform and I definitely recommend that you steer clear of it.
That doesn’t mean you should give up on finding a way to make more money. There are much better opportunities online.
I started making money online as a complete beginner and now make a 4 figure monthly income.
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