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Paymony Review: Digital currency Ponzi scheme like TelexFree?

There is no information on the Paymony website indicating who owns or runs the business.

Launched in late 2013, the Paymony website domain was registered on the 28th of November 2013 however the domain registration is set to private. Paymony does have an “About Us’ section on their website, but only the following vague marketing copy is provided:
The Paymony is a company of Andpry Inc Group focused on developing products and technology services, partners in Silicon Valley (Silicon Valley – California – USA) having a differential ease of usage.

    All marketing is done electronically, where we enjoy the Relationship Marketing as main channel, generating a distribution fair and equitable.
 Formed by experts of wide experience in the areas of technology, marketing, knowledge management, information architecture, usability and web solutions.

The Paymony Product Line

Paymony has no retailable products or services, with affiliates only able to market affiliate membership to the company itself.

“Mining technology” (in the context of mining digital currencies) is mentioned frequently throughout the Paymony site, but appears to have little to nothing to do with the business opportunity.
The Paymony Compensation Plan

The Paymony compensation plan revolves around affiliates depositing money with the company, with residual commissions primarily paid out using a binary compensation structure.
Recruitment Commissions

Paymony pay out recruitment commissions when a new affiliate joins and deposits money with the company. 10% of the initially invested amount is paid out as a commission, which translates into a payment of:

    Mining Package ($300) – $30
    Virtual Farm Package ($1500) – $150
    Paycoin Package ($15,000) – $1500

Paymony Tree Like This
Jol Free News about Paymony
Putting two and two together, I’d classify Paymony as one of the TelexFree reload scams currently doing the rounds. Don’t expect too much from Paymony in the long-run.
Visit site: www.paymony.com

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