Tonoit Review – Legit Crypto MLM or Scam?
Is Tonoit a cryptocurrency MLM pyramid scheme?
Or a legit crypto trading opportunity?
You may have heard about Tonoit before, or maybe someone approached you about this trading opportunity on social media. There are many ways you can make money online and for some people trading cryptocurrencies sounds like the ideal way to do it.
But there are also plenty of scams online and many money-making opportunities that are nothing more than a waste of time. I am not a fan of MLM not because they are no legit MLM programs but because they are usually overpriced and the majority of the people involved in them end up losing their money. There are far better ways to make money online that cost much less, have fewer restrictions, and are more profitable.
Affiliate marketing is the business model I recommend. Starting an affiliate business is much easier than you think and it won’t cost you an arm and a leg. But for now, let’s get back to Tonoit.
Let’s take a closer look at what Tonoit is, how it works, and if this is a legit opportunity or not.
Disclaimer. I am not an affiliate or a member of Tonoit. My review is based on information available to everyone online. This review is my opinion and is based on my research. Results may vary and may not apply to all persons.
Owner: Marius Landman, Gavin Victor, and Enakirerhi Ejovwoke
Price: $150 to $2,000
Verdict: Not Recommended
What Is Tonoit?
Based on my research, Tonoit is not a new company but a reboot of Python Signals. That program ran for a couple of years before being shut down as a pyramid scheme. So Tonoit is Python Signals under a different name. Other than the name everything else seems to be the same.
Since Python Signals was proved to be nothing more than a cryptocurrency MLM scheme you shouldn’t expect Tonoit to be any different. Tonoit is simply a clone site following the same business model. The same people are behind both Tonoit and Python Signals.
Tonoit owners’ (Marious Landman, Gavin Victor, and Ejoywoke) are no strangers to the cryptocurrency niche. But not in a good way. According to some posts online they are associated with various Ponzi schemes. Gavin Victor for example is believed to be involved in schemes such as BitConnect and Davor Coin. Although I can’t verify if such claims are true or not I believe you should know about it.
Tonoit (like Python Signals) also provides a corporate address in Mauritius and Australia on its website. I don’t know if those addresses are real or just a way to make Tonoit appear like a legitimate company. But I wouldn’t be surprised if they were fake.
Tonoit’s domain name was registered on the 3rd of December 2019 and updated on 2020-11-06. My guess is once the traffic dies down and the money stops coming in this website will also disappear just like the Python Signals did.
How Does Tonoit Work?
Tonoit works the same way Python Signals did. On their website they claim to be the “world’s largest crypto trading mentoring community” but I seriously doubt that. There are two ways to make money with Tonoit. One is to follow Tonoit’s trading signals and earn money by trading cryptocurrencies and the other one is by joining their MLM affiliate program.
For those who don’t know what trading “signals” are they are alerts (triggers) to buy or sell cryptos at a specific time. That doesn’t mean though that trading signals are a guarantee for profit. Crypto trading is risky with or without trading signals. Tonoit’s trading signals accuracy is also questionable or at least I couldn’t find any testimonials from investors having success with it.
Some reviews online claim Tonoit has no retailable products or services but I can’t say I agree with that. Their trading signals and courses are their main product. If you are interested in crypto trading you may find them useful. To access their reports you need to sign up for one of Tonoits Trade Strategies packages:
- Long Term Trade: $50 monthly – Medium to longterm analysis (blog post, reports + webinar)
- Scalp Trade: $50 for 30days – (3-20 minutes trade signals.)
- Day Trade: $50 monthly – (Daily 4-72 hours trade signals)
- Master Trade: $150 monthly – (Dynamic trade signals – all time frames)
There are also trading courses you can buy to learn more about crypto trading. They cater to traders of all levels and are in the form of PDFs, live webinars, and videos.
- Beginner trading course: $150
- Intermediate trading course: $200
- Advanced trading course: $350
- Scalp trading course: $500
- Day trading course: $500
Tonoit also offers 3 marketing tools to help its affiliates build and grow their business.
- Todoit Pro Marketing Academy – $50 monthly
- Tobeit Resilient Entrepreneur One year Program – $500 per year
- Tonoit Personal Assistant – $50 monthly
Purchasing any of Tonoit’s courses or trading packages doesn’t automatically make you a Tonoit affiliate. To join Tonoit’s MLM program and become an affiliate you must first purchase one of the following subscription packs:
- Gold – $150 for 90 days
- Platinum – $250 for 180 days
- Galaxy – $500 for 12 months
- Diamond – $950 for 24 months
- Lifetime Galaxy – $2000 for unlimited access (one-time subscription)
And that is the other way to earn money with Tonoit. Promoting it and recruiting others. As you can see, it is not very cheap. When your package expires (except the Lifetime Galaxy) you’ll need to resubscribe if you want to remain a Tonoit affiliate and earn commissions.
Gold, Platinum, Galaxy, and Diamond affiliates earn a 10% commission for every new referral. Lifetime Galaxy affiliates earn a 15% commission. The minimum withdrawal amount is $50 and if you want to move to a higher subscription pack you have to pay the full new membership level.
Tonoit uses a 2×18 matrix to pay its residual commissions. That means it is possible to earn up to 18 levels depending on your subscription. Every Tonoit affiliate has 2 downlines (recruits) directly under them which are split into another two positions each and so on.
- Gold position affiliates earn on up to nine matrix levels
- Platinum position affiliates earn on up to twelve matrix levels
- Galaxy, Diamond, and Lifetime Galaxy affiliates earn on all eighteen available matrix levels
Positions are filled by recruiting Tonoit affiliates both directly and indirectly. Direct recruitment means that you recruited them whereas indirect means someone from your team recruited them. The commissions are paid based on the following percentages:
- Levels 1, 4, 7, 10 and 13 of the matrix pays out 5%
- Levels 2, 5, 8, 11 and 14 of the matrix pays out 4%
- Levels 3, 6, 9, 12 and 15 of the matrix pays out 3%
- Levels 16 and 17 of the matrix pays out 2%
- Level 18 of the matrix pays out 1.5%
Pros & Cons
The accuracy of Tonoit’s trading signals is something that remains to be proven. I found no reliable information online confirming their accuracy or their quality. But if they were that good why did Python Signals had to be rebooted?
Their MLM program is something I don’t recommend because it looks like a pyramid scheme. The overwhelming majority of people who join such programs end up losing their money. I would never join such a program and therefore I can not recommend it.
- Trading Signals & Courses. There are digital products and services available to you to purchase. If you are interested in crypto trading you may find them useful. I can not attest to the quality of their courses or the accuracy of their trading signals but at least they do offer some products.
- The owners’ (alleged) shady past. The owners’ history is something that can not be overlooked. Their previous involvement in various pyramid schemes and Ponzi schemes doesn’t inspire confidence. For example, Gavin Victor involvement in Ponzi schemes like USI Tech and BitConnec can’t be ignored
- Trading signals accuracy. Crypto trading is a risky business and Tonoit’s trading signals accuracy remains to be proven. The best proof would be videos of successful investors talking about them and how they helped them to earn money but I could not find any. At least, that’s what I would look for before investing in any such program.
Also, the fact that Tonoit is a 1:1 clone of Python Signals raises some questions. For example why Python needed to be rebooted and rebranded?
- Pay-to-Play. You need to pay at least $150 to become a Tonoit affiliate and join its affiliate program. And in 90 days you’ll have to renew your subscription plan or you will not earn any commissions. That looks like an MLM pyramid recruiting scheme to me and something to stay away from. A pay-to-play recruitment-based MLM is not a business opportunity or a sustainable way to earn money online.
Tonoit is a reboot of Python Signals that ran online for about two years. The owners’ are still the same, and there doesn’t appear to be any major change other than the name.
Their MLM program operates as a pyramid scheme and it is based on recruitment. You sign up, pay a fee, and you earn a commission by recruiting others. They have to do the same to earn money and that means when the traffic dies down the MLM “opportunity” will cease to exist.
Although Tonoit’s products (trading signals & courses) appear to be legit I still can’t recommend Tonoit as the cons outweigh the pros. Plus there are better and cheaper trading courses online.
If you are interested in making money online MLM is not the way to do it. I suggest affiliate marketing. Building an affiliate business is much cheaper and less risky. In affiliate marketing, you don’t have to pay to promote products and you can promote any kind of products you want.
Take a look at the following course for more information about how to start an affiliate business. You can join for free.
Thank you for taking the time to read my review. If you like this post please share it with your social media followers.