The C12V2 initative lacks transparency regarding its proprietors or top-level management as conveyed on their webpage.
The web domain for C12V2 (“c12v2.net”) was recorded with counterfeit details on May 8th, 2024.
C12V2’s promotional materials make mention of “the prestigious Carnelian gem”;
Such references suggest that C12V2 is modeled after the previous Carnelian12:
Carnelian12, commonly abbreviated as C12, duped investors by posing as an NFT based MLM crypto Ponzi claiming to yield 12% daily returns.
Debuting in March 2023, Carnelian12 swiftly succumbed to demise within a few months by May.
The relationship between C12V2 and the original Carnelian12 operators remains ambiguous. Yet, it is evident that C12V2 is crafted as a direct continuation of the latter, complete with the identical sales pitch.
It is always a red flag when a multi-level marketing enterprise does not disclose who is at the helm, so consider carefully before deciding to affiliate and submit any form of payment.
The Merchandise of C12V2
C12V2 does not offer any products or services that can be sold to the general public.
The only thing C12V2 associates can promote is the membership to C12V2 itself.
Compensation Strategy of C12V2
Participants in C12V2 are promised a daily return of 12% on their cryptocurrency investments for a duration of 12 days.
C12V2 distributes commissions on funds invested within a unilever setup to three depths:
- level 1 (directly recruited affiliates) – 5%
- level 2 – 2%
- level 3 – 1%
It’s noteworthy that C12V2 members who attain over $50,000 in downline activity are entitled to 7% at level 1.
Signing up for C12V2
Registration with C12V2 carries no cost.
However, to engage fully in the revenue scheme, a minimum investment of $12 is mandatory.
C12V2 accepts investments through a variety of cryptocurrencies.
Verdict on C12V2
C12V2 doesn’t stray far from its antecedent, incorporating the same NFT deception supplemented with empty promises of AI technology;
Similar to its predecessor Carnelian12, C12V2 does not substantiate the existence of external revenue streams.
Nor does it provide proof of compliance with securities regulations within any jurisdiction.
C12V2 seems to be a straightforward cash snatch, primarily targeting previous victims of the initial Ponzi scheme (being the vast majority of early investors).
As it goes with all pyramid schemes, the cessation of new affiliations will cause a shortfall in the new capital, which will inevitably lead to its downfall.
The inherent mathematics of pyramid schemes ascertains that upon their dissolution, the large percentage of participants incur losses.
This was the sad outcome of Carnelian12 and will undoubtedly reoccur with C12V2.
Update 30th May 2024 – C12V2 has reached its termination. The architects of the scam have launched a new iteration as C12V3.