Welcome to this MarketPeak Review
There has been a lot of controversy about this relatively new business opportunity so we thought we’d take a look and see what all the fuss was about.
MarketPeak presents itself as a lucrative platform blending decentralized finance (DeFi) and multi-level marketing (MLM).
However, beneath its promises of high returns and innovative financial solutions lie several red flags which we highlight a little later.
This review examines MarketPeak’s business model, its proprietary PEAK token, and associated controversies.
Whether you’re an experienced crypto enthusiast or a newcomer, understanding MarketPeak’s offerings and potential risks is crucial.
Let’s explore the facts and warnings to help you make an informed decision
In thee next few minutes, we will show you whether MarketPeak is a scam or whether it is a legit business opportunity worth investing in.
So make yourself a brew and enjoy!
[Affiliate Disclosure: This MarketPeak Review has been thoroughly researched from information and testimonials that are in the public domain. This post may contain affiliate links which means we may earn a small commission, however, this won’t affect what you pay!]
MarketPeak Review – Summary
Product: MarketPeak
Founder: Sergej Heck
Website: www.marketpeak.com
Product Description: MLM in the Crypto industry
Cost to join: Free – $15,000
Best For: Experienced network marketers with an interest in crypto
Recommended: Maybe
Summary: While cryptocurrency can offer opportunities for significant returns, it also comes with substantial risks.
The lack of regulation, potential for scams, volatility, and other factors make it a highly speculative investment.
Potential investors should conduct thorough research, understand the risks involved, and consider their risk tolerance before investing in cryptocurrencies.
Consulting with a financial advisor can also provide valuable insights and help in making informed decisions.
MarketPeak Review – Table Of Contents
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- What is MarketPeak?
- Is MarketPeak a Pyramid Scheme
- How Does MarketPeak Work
- What You Get With MarketPeak
- MarketPeak Business Opportunity – What You Need To Know
- Is MarketPeak A Scam?
- What We Like – MarketPeak Review
- What We Don’t Like – MarketPeak Review
- MarketPeak Review -Final Analysis
- Is This A Better Alternative
- MarketPeak FAQs
- Beware Of These Red Flags
- Feedback, Follow and Subscribe
What is MarketPeak About?
MarketPeak surfaced back in 2019 and as we mentioned earlier, operates within the multi-level marketing business model.
MarketPeak claims to be a training and education platform based on cryptocurrencies and blockchain technology.
With PeakDefi its counterpart and a decentralized asset management fund that handles all the trades.
The founder is Sergej Heck who comes with a shady background that we will cover in a moment and is registered in Dubai which is renowned as a tax haven.
Our research did cover links with Russian businessmen!
As it is a multi-level marketing business then you should know that the main method of making money is through recruitment and building a team.
Something that many of us are not that good at, ourselves included.
The main MarketPeak presentation we couldn’t show because the founder has put a block on showing it outside of YouTube.
So who is Sergej Heck?
Well, according to our research he was
a successful network marketer and entrepreneur as well as an author.
Renowned for being able to build large teams within a few months and founder of several successful businesses.
The owner of blockchain-hero.com and coinkurier.de, both platforms offering crypto news to educate people in German.
According to what you read, prior to MarketPeak and PeakDefi, Heck was supposed to have been involved with some Ponzi schemes.
But there is no real concrete evidence and it would appear just because one review site mentions such a thing everybody else follows suit.
Hearsay is not who we are and if we can’t find any real evidence then that is all it is, hearsay.
It’s all good and proper to slate a business based on hearsay but we like to leave that to others and base our findings on actual facts.
Is MarketPeak a Pyramid Scheme?
MLMs are always treading a thin line when
it comes to how they operate in the business world.
So is MarketPeak a pyramid scheme?
Let’s take a look at just what a pyramid scheme is, often referred to as a Ponzi scheme.
An MLM business operating as a pyramid scheme would be deemed one if the members were getting paid for recruiting others into joining without a product or a service that they could sell.
Nowadays we don’t usually find through and through pyramid schemes and what businesses tend to do now.
They operate exactly the same way but they hide behind a product or service that doesn’t have any intrinsic value.
Based on our findings would you think MarketPeak fell into the pyramid scheme scenario?
Well, yes they would simply on the basis that they do not have any products or services to sell.
They are offering a membership.
But they do have a clothing line that has absolutely nothing to do with trading! So are they trying to hide behind a product?
Given the time and in the world of the Crypto MLM (which isn’t too long in the grand scheme of things) then the FTC might see this as a typical pyramid scheme in disguise.
Discard the clothing line and MarketPeak is definitely a pyramid scheme
Why aren’t these MLMs getting closed down?
Well, they are but it takes time due to all the legal proceedings that have to take place and often the business closes down before this happens anyway.
That starts straight back up as a similar business except for the change of name.
If you haven’t left well before this happens you will lose any investment you made.
You might like to check out this short video…
How Does MarketPeak Work?
First off you would have to join and become a member and if you don’t have a sponsor then one will be appointed for you, possibly Sergej Heck, the founder how convenient.
The next step would be to purchase one of the seven membership packages which are scaled from 1 to 7 with 7 being the highest.
That package would determine how you are paid within the compensation plan. The higher the cost of the package the more commission you make!
Then you would need to educate yourself in the ways of crypto and the actual crypto that they use which is called “PEAK”.
There are 2 ways you can make money.
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- Investing in their asset management fund or PeakDefi
- Recruitment
Recruitment has been the main source of income because quite honestly MarketPeak’s currency “PEAK” is not doing well.
In fact “PEAK” is currently valued at $0.265123
High $0.277698 – Low $0.264120
So pretty worthless!
MarketPeak claims to offer education and training and you are encouraged to invest in “PEAK” or tokens as they call them, which are worthless so your returns are going to be squat.
There are no products that the members can sell.
The only other way to make money then would be through recruiting and just how would you sell the business to people?
Not sure I’d have a clue as there are no products to sell except for the dream!
Yes, what dream?
A worthless currency that they’d expect you to plough thousands into.
The bulk of the money that they receive from the members for purchasing the membership packages would be traded in BTC, elsewhere.
Through what they call reputable brokers.
If and when Bitcoin starts to take a nosedive like it does all the time and they start losing money.
What we have seen happening is that excuses would come thick and thin.
Like problems with the system and that they can’t pay just yet. It might take a couple of weeks…The system has been down for maintenance.
Blah! Blah!
Recruitment would by this time be struggling because people would have seen through this facade.
No new recruits to replace the ones that have left and eventually the business folds and the owners disappear with all the money.
This is a reality that happens all the time with MLMs, especially ones doing business in the crypto industry.
If everything was above board then why are the businesses not registered in countries that are regulated?
What You Get With MarketPeak Plus The Costs Involved
There are no products as such that come with your membership except for the promise of training and education.
There is a clothing and accessories line that you could use to market the business though… ONLY JOKING!
You are buying into the premise of a lucrative lifestyle which is how they base this business and if you went to one of their events you’d see this.
The membership packages that you would have to purchase though if you wanted to invest and make money are listed below.
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- Affiliate/$125 BTC
- Marketer/$750 BTC
- All-IN/$2,000 BTC
- Enterprise – $4,500 BTC
- Premium package – Silver/$7,000 BTC
- Premium package – Gold/$10,000 BTC
- Premium package – Diamond/$15,000 BTC
Notice that these are purchased in Bitcoin which will be traded by MarketPeak on a totally independent Bitcoin trading platform.
There is a USER package that is free and maybe that would be the route to take if you need to check out the system, or maybe you should just stay away!
MarketPeak Business Opportunity – What You Need To Know
The business opportunities with MLMs are where it can get complicated and we see this as a way to cloud people’s judgement and to make you think that you are getting a better deal than you really are!
How to Make Money with MarketPeak
Unfortunately, the only way to make money with MarketPeak is through recruitment and hope you can convince your referral to buy a package.
Good luck with that as they come with a hefty price tag.
Which range from $125 through to a hefty $15,000
Once your referral purchases one of the membership packages then you would make a commission.
The higher the package the higher the commission but you would have had to have purchased that same package yourself first.
Otherwise, you would miss out on the commission and it would go to the next upline who had purchased this product.
This would mean that to cover every possible commission then you would have to go all-in, which as you have seen would cost $15,000.
MarketPeak Compensation Plan
We won’t be discussing the compensation plan as they are often over complicated and for good reason too.
The compensation plan you can find starts at 18 minutes and this presentation is by the founder. ENJOY!
Are MarketPeak affiliates actually making money?
There is no real way of answering this question and asking one of the affiliates is not going to give you what you are looking for.
We couldn’t find any income disclosure but I guess that was expected with a new startup company.
We know that less than 1% is where the real money goes which leaves around 99% that don’t earn enough to replace a full-time job.
With around 50%-65% of members that don’t see in their 2nd year and with most that leave in debt.
I know, terrible figures but that is the reality of an MLM business opportunity.
Check out what the FTC says.
However, you might make money and I hope you do but that is highly unlikely, especially within the crypto industry. THE ODDS ARE STACKED!
Is MarketPeak a SCAM?
The jury is still out on that one but only time will tell.
Whilst MLMs, in general, are a bad business opportunity due to an emphasis on recruitment.
There are a lot of MLM businesses where you can sell their products and make money without taking part in the business side.
MarketPeak, however, does not have any retailable products or services for sale and its own currency can only be used in its trading platform.
Therefore the only way to make money is to successfully recruit others into joining and becoming part of your team or you are lucky with your investment.
The US and the UK are trying to clamp down on how crypto is brought to people like you and me but whether this happens or can even be policed remains to be seen. You can read about it here!
What We Like – MarketPeak Review
Unfortunately, there was nothing we liked about MarketPeak and only time will tell whether this business can survive in this cut-throat business.
What We Don’t Like – MarketPeak Review
We did find more than enough
issues about MarketPeak and we have tried to highlight the most important.
- Multi-level marketing businesses are extremely difficult to make money in as the main bulk of the money always goes to the top 1%.
- This is a pyramid scheme which we have explained earlier because there are no products or services to sell and the only way to make money as we mentioned is through recruiting.
- MarketPeak uses its own token which is called “PEAK” and as we have already shown is worthless and can only be used within the PeakDevi asset management system.
In fact, the whole system is designed to keep the money within the management fund.
MarketPeak Review – Final Analysis
MLM in general carry a lot of stigmas around and businesses like MarketPeak make matters worse.
This pyramid or Ponzi scheme whichever you prefer solely focuses on recruitment as there are no products or services to sell.
It’s unfortunate that people fall for the promises and lies of MarketPeak affiliates but I do hope you found some solace in this review.
Especially if you were thinking of joining this system.
If it’s a crypto business opportunity you might like to take a look at…
The structure of this MLM business model is flawed and a complete waste of money which you could have spent in a more constructive way.
If you need some clarification, take a look at what the Federal Trade Commission has to say here.
Making money in business is difficult and if they make promises which are unrealistic which they normally are, then you should stay away.
However, they are much better business opportunities out there and I would like to share one with you in the next section.
Is This A Better Alternative
The biggest hurdle with any multi-level marketing business is recruitment and very few people are good at it. It takes a certain mindset!
Cold-calling which is what it is called is extremely frustrating and whilst there are some who are very good at it, most people just don’t enjoy it.
It’s not that we are against MLMs because some people do well and we have tried them in the past and they weren’t for us.
So here’s the deal, have you heard of affiliate marketing if you haven’t take a look here.
Essentially it is an extremely cost-effective way of making money online with no risk and which we would recommend to anyone 100%.
Where…
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- You don’t have to recruit
- You aren’t constantly pestered by your sponsor
- You don’t have to go to events which you will be expected to at cost
- You don’t have to purchase any stocks
- You don’t handle any order management
- You don’t handle shipping
- You don’t handle returns
- You can market any product or service you like
- You own the business which you don’t in an MLM
If you are looking for a cost-effective solution then I would seriously consider Wealthy Affiliate or at least take a look.
A fully integrated training platform that I would recommend above all others with which I have personally had nothing but a positive experience.
Here you can join and check out the system for FREE, with no credit card details. If it isn’t for you then just walk away, but you won’t know until you have tried!
Marketpeak FAQs
Here are a few regular questions been asked in the search engines:
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What Is MarketPeak?
MarketPeak is a platform that combines elements of decentralized finance (DeFi) with multi-level marketing (MLM).
It primarily offers investment opportunities through its proprietary PEAK tokens and promises high returns through various incentive structures.
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How Does MarketPeak Work?
MarketPeak operates by encouraging members to invest in PEAK tokens and recruit others to do the same.
Members earn commissions based on the investments made by new recruits. The platform also offers educational content on blockchain and cryptocurrency.
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What Are PEAK Tokens?
PEAK tokens are Ethereum-based ERC-20 tokens used within the MarketPeak platform.
They have limited utility outside of the MarketPeak ecosystem, primarily functioning to facilitate internal transactions and reward schemes within the platform.
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Is MarketPeak A Legitimate Investment Opportunity?
There are significant concerns about MarketPeak’s legitimacy.
The platform’s heavy reliance on recruitment for income, rather than the sale of tangible products or services, has led many to classify it as a Ponzi or pyramid scheme. Additionally, the founder’s involvement in previous Ponzi schemes further raises red flags.
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What Are The Risks Associated With MarketPeak?
Investing in MarketPeak carries several risks, including:
Potential for loss: The value of PEAK tokens is largely confined to the MarketPeak ecosystem, making it difficult to liquidate for real-world value.
Regulatory issues: MarketPeak is not registered with any financial regulatory bodies, which means it operates without external oversight.
Founder’s history: Sergej Heck’s history with previous Ponzi schemes suggests a higher risk of fraudulent activity.
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How Do I Earn Money With MarketPeak?
Members earn money by investing in PEAK tokens and recruiting others to join the platform and invest as well.
Earnings are derived from the investments of new recruits, and the more people a member recruits, the higher their potential earnings through various commission structures.
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What Is The Minimum Investment Required To Join MarketPeak?
The minimum investment required to join MarketPeak is $250.
There are higher tiers available for larger investments, with different benefits and higher potential returns linked to higher investments.
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Can I Trade PEAK Tokens On Public Exchanges?
PEAK tokens are listed on some public exchanges, but the trading volume is generally low, and most of the trading happens within the MarketPeak platform.
This limited external liquidity can make it challenging to sell PEAK tokens at their perceived value.
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Are There Any Educational Resources Available On MarketPeak?
Yes, MarketPeak offers various educational resources on blockchain technology, cryptocurrency, and investment strategies.
However, the primary focus remains on recruiting new members and investing in PEAK tokens.
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What Should I Consider Before Investing In MarketPeak?
Before investing in MarketPeak, consider the potential risks, the founder’s history with Ponzi schemes, the platform’s regulatory status, and the limited utility and liquidity of PEAK tokens.
Thoroughly research and understand the business model and consult with financial advisors if necessary.
These FAQs provide a broad overview of MarketPeak and highlight the critical areas of concern and the potential risks associated with investing in the platform.
Be Aware Of These Red Flags
There are a number of red flags you should be aware of.
1. Ponzi Scheme Allegations
MarketPeak’s business model has been criticized for its similarities to a Ponzi scheme.
The platform relies heavily on recruiting new members to invest in PEAK tokens, and commissions are primarily earned through these new investments rather than legitimate business activities.
2. Founder’s Background
Sergej Heck, the founder of MarketPeak, has a history of involvement with several Ponzi schemes, including Questra World, Cryp Trade Capital, and BeOnPush.
This background raises serious concerns about the legitimacy of MarketPeak.
3. Lack of External Value for PEAK Tokens
PEAK tokens, the cryptocurrency used within MarketPeak, have limited value outside of the platform.
This restriction makes it difficult for investors to realize any genuine profit from their investments, as the tokens can primarily be used only within MarketPeak’s ecosystem.
4. Focus on Recruitment Over Products
MarketPeak operates on a multi-level marketing (MLM) model with a strong emphasis on recruitment rather than the sale of tangible or digital products.
This focus on recruitment to generate income is a classic characteristic of pyramid schemes.
5. High Membership Fees
The platform requires substantial membership fees, ranging from $250 to $7,500, which can be a significant investment for many individuals.
Such high fees are often used to sustain the payouts for existing members, which is typical in Ponzi schemes.
6. Opaque Business Practices
There is a lack of transparency regarding how the PEAK tokens are traded and valued.
Most of the trading volume occurs within MarketPeak itself, and the tokens were only listed on public exchanges after significant internal trading, which raises questions about market manipulation and the true value of the tokens.
7. Regulatory Concerns
MarketPeak is not registered with any financial regulatory authorities, which means it operates without oversight that typically ensures the protection of investors’ interests.
This absence of regulation increases the risk of fraudulent activities.
These red flags suggest that potential investors should exercise extreme caution and conduct thorough research before considering any involvement with MarketPeak.
Feedback/Comments/Subscribe
Thank you for stopping by and reading my MarketPeak review and hope we answered all if not most of your questions.
Maybe you are or have already been a member of MarketPeak and if you’d like to share your experience then we’d love to hear about it and how you got on.
Any questions or comments please add them below and we’ll get back to you.
If you are feeling generous then please feel free to share.
Until next time, stay safe.
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