Hey guys!
We have prepared this case study with one of our clients. Want to share this experience with you.
All the next steps described by our client. Hope you will enjoy it 
This case study has everything you need: from the analysis of the choice of GEO to the description of certain valuable ideas and approaches. It is worth reading!
While looking for the new offer to run, I came across screenshots of the traffic department who had affiliates running Crypto Offers. Those screenshots encouraged me to try out this vertical. I didn’t want to compete, so I decided to test different GEOs. I will describe down below how it turned out.
Affiliate network: FxMonetize
Source: Facebook
Offer: Libra Prelander German 383 (Still on fire)
GEO: DACH (Germany, Austria, Switzerland)
Time of running: 01.09.2019 – Still Running
Spent on Ads: $4 740
Spent on Accounts+Cards: $600


Revenue: $16 800
Profit on campaigns: $12 060
Total profit: $11460
ROI: 254%
Total ROI: 214%
GEO and Offer choice.
With the vertical chosen, it took me long enough to make up my mind on what affiliate network and GEO to pick for this offer. And so my choice fell on FxMonetize. Next, with the help of my favorite AM, I’ve chosen two offers on the same GEO.
GEOs were selected according to the traffic prices and deposit rates. I avoided “expensive” countries since there was already high competition and relatively high rates, which could result in very expensive tests. These GEOs (with payment of $600 for each) eventually turned out to be the best. DACH countries had CPC less than 7 cents on fb with creatives.
It was estimated that out of 8571 clicks at least 1 converted lead would pay off the cost. So basically if we could get at the worst case just 1 converted lead from 8571 clicks we would still be with our money but I have seen an average of 9.8% Conversion Rate of the leads. So in 8571 clicks, I was expecting at least 50-70 leads from facebook and with 9.8% I was getting means that 4-6 deposits would pay me $2400-3600
I ran this offer for all 3 countries.
There was a lot of low-cost traffic with an average bid. I bought only mobile traffic from the Facebook & Instagram feed. CPC ranged from 7 cent to 30 cents. I used to run 1-3 campaigns per account to keep it safe and long running.
The first deposit fell out of $150 spent.
Then I was in a better mood to create 3 more campaigns for each country.
What I did was getting links from an affiliate network and cloak them by my own (they can cloak for you for free also). I needed to scale my campaigns asap and get the maximum profit, so I could not spend a huge amount of time to farm accounts. I connected to the Dont Farm team and they helped me to launch my campaigns on the very next day. I managed to spend so much from accounts at the time of writing the case: the first account - $2839, from another account I spent - $1901, the cost of the accounts are only 3,6% of the total revenue. They are still alive, please excuse me here, but I can not share the screenshots with creatives.
Got the creatives from affiliate manager and create ads based on them.
Started running $200 a day campaign per single language and could expect 10-40 leads a day depend on targeted countries. In this case study I was targeting DACH and $15 cpl with a 9.8 CR (deposit). So I was getting 1 ftd for every $200 spent.
Here is my revenue on those days:

Conclusion:
Don’t scare to test high payout offers. You are always can find your profitable one and it will bring you outstanding results.
In addition, I want to say that you shouldn’t doubt anything, it is better to take and test. For a long time, I haven’t believed that in such crypto offers to be honest, but the result surprised me, it is long-lived conjunction which brought me a good amount of money.
I wish you more profitable campaigns.
P.S. If you have any questions, do not hesitate to ask us 
Nice share, i got to try it myself. Thanks 
Did you cloak on this campaign?
Sent from my SM-G930F using STM Forums mobile app
Any interest targeting?
Hi, what cloaker did they use and what was the offer ?
i see the userinterface is italian if i am not mistaken, but was the physical computer where the campaign was build on also located in italy or in another location ?!
Which Interest base in FB Ads