Rapido Run is a newly established company. Yet, Rapido.Run is claiming that the company is the leading international crowdfunding platform that is running on Ethereum-based blockchain technology. There are many other claims and features of this company that have to be discussed in detail.
Keep reading this article to get to know about such features and to make up your mind about whether you should invest in this company.
Overview of Rapido Run
Rapido Run is an Ethereum-based crypto company that is claiming to be operating on 100% decentralized servers. The company is promoting itself as a renowned global crowdfunding company. Moreover, it claims to be making use of some kind of revolutionary smart contract technology. It claims that the company’s technology allows users to participate in a decentralized market with a variety of options to conduct personal and business transactions. Ethereum blockchain technology is said to be the basis of this platform. However, there are several aspects of this company that seem highly suspicious. Some of these features are:
It is important to note that there is always some kind of risk associated with different types of investment, especially in the crypto industry. However, Rapido.Run is trying to present itself as some kind of risk-free company. It claims that it allows you to invest in the company and earn maximum money without worrying about any risks.
However, you should not believe such claims. It is a newly-established company and there is no proof that this company can provide profits with a 100% guarantee.
Smart Contract Technology
The company claims to be running on a modern smart contract technology. Yet, Rapido Run never actually explains the purpose or importance of this technology. It shows that the purpose of promoting this feature is to attract users. The company claims that you can use this technology to access projects of different trading industries that are not verifiable by any other external source.
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Rapido.Run promises instant payments in many places. In fact, it put special attention on this feature throughout its marketing material. However, it is quite disappointing to see that the company never explains its mode of payment. It is not clear how the company is planning to release the funds to users. At one place, the website even indicates that the profits will be invested back in the company, so there is no solid information about the withdrawal system of Rapido Run.
Company Structure of Rapido Run
Rapido Run is heavily promoting its nature of being a decentralized blockchain company. The website states that the company has a non-hierarchical structure that makes it possible for all users to participate in the matrix income project of the company. It is not actually a good thing that the fundamental nature of the company is a matrix-based business model.
Yet, Rapido.Run is presenting this mode as some kind of advantage and stating that it helps in allowing users to take part in the global crypto community. It shows that the marketing team behind this company is quite clever to even turn its negative points into supposed advantages.
The company is claiming to be a fully honest and transparent platform that provides comprehensive information to users. However, it is not actually true because there is a great amount of information that is not available about this company. For instance, the company does not provide any information about the owner of the company. It does not even mention the country of its origin so the claims of Rapido Run of being a transparent company are simply untrue.
The analysis of Rapido.Run by Alexa shows that India is contributing the highest amount of traffic (about 75%) to the website. It shows that it is highly possible that the company is operating from India. However, it is just an intelligent guess as the company is using successful tactics to hide its country of origin.
It should be quite alarming for the users as well the potential investors that a company like Rapido Run that is claiming to be a fully transparent company is not disclosing its country of origin or the name of its founder. In this situation, it is quite hard to trust any promises this company makes.
How to Join Rapido Run?
In order to get access to the affiliate membership of Rapido Run, you have to invest at least 0.01 ETH in the company. Moreover, if you want to participate in its entire income structure, then you have to invest about 367 ETH which is equal to almost $140,000. This is a massive amount of money. It is quite shocking that a new company like Rapido.Run is asking for such a huge amount.
You should not invest such a large amount of money in a company like Rapido Run that has many suspicious features. Instead, it would be much better if you invest in genuine crypto mining companies. These companies allow you to mine your own crypto coins through suitable technology and earn maximum profits in the crypto industry.
Income Structure of Rapido Run
Once you invest a certain amount of ETH in Rapido Run, you will get to participate in its three-tier matrix compensation structure. These different matrix schemes are called Rapido X3, X4, and X8 by the company. A 3×1 matrix is a traditional matrix. In this matrix, the affiliates have to fill three positions to start generating profits in the cycle.
On the other hand, a 2×2 matrix or Rapido X4 is the scheme in which filling two positions on the first level and two positions on the second level is essential to generate profits. Similarly, in a 2×3 matrix or Rapido X8, a similar model of 2×2 is used except for the fact that the second level contains eight positions.
Every new affiliate has to spend at least 0.03 to buy each position in a matrix. The company encourages users to buy as many positions as possible to expand their profits. The purpose of such marketing tactics is to attract more users. It wants you to spend a massive amount of money on the company.
Final Verdict About Rapido Run
There are many different sophisticated terms like decentralized platform and smart contract technology that Rapido Run is using continuously to present itself as a genuine platform. However, the business model and income structure of the company makes it quite evident that it is a Ponzi gifting scheme.
The company is promoting itself as an international crowdfunding platform. The income structure makes it quite evident that the only source of funds is the investment of the affiliates. It uses this money to pay some limited amount to the old affiliates. However, the managers and owners of the company are getting most of the company.
You should not trust this company because it has very suspicious features. It is not clear who is running the company. Therefore, you should not make the mistake of spending any amount on this company. In short, you should avoid investing in Rapido Run.
Instead, you should invest in the crypto mining companies that provide you with modern tools and technology to mine your own crypto coins. As a result, you will have maximum control over crypto mining and management due to which you will be able to generate the maximum amount of profits.
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