My Crypto World Review – Good Opportunity Or Big Scam?

My Crypto World ReviewHas someone tried to pitch you the My Crypto World opportunity lately?

My Crypto World is a really popular and new opportunity that is making it’s rounds on social media among network marketers.

Now, first off, let me make it clear I am NOT promoting this business opportunity as an affiliate or distributor.

I have all the facts about this business in my My Crypto World review so you can learn the full truth about it!

Is My Crypto World a scam?

Can you make an honest business with My Crypto World?

Let me show you in my review of My Crypto World.

Read on for all the details.

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My Crypto World – What Is It??

My Crypto World is a new MLM opportunity that involves investments in a crypto-currency. The company websites (mycryptoworld.com and mycryptoworld.net) were registered on the 15th September 2015, but unfortunately the registration details are set to private and they provide no details on the site about who owns or is responsible for running the company. Very little information is available about My Crypto World, but Alexa traffic rankings show that the majority of visits to the sites originate in the US and Germany, so it is likely that the company is being run from one of those countries.

You should be very cautious about any involvement with a company that is secretive about its structure like this. Pretty much every legitimate scheme will openly state who is running things so you are able to investigate their track record in the industry. By keeping these details secret, they are likely trying to keep you in the dark for a particular reason, so make sure you research the opportunity fully before you consider becoming an affiliate.

My Crypto World Scam

The Product Line For My Crypto World

My Crypto World does not offer any services or products for affiliates to sell to retail customers. Affiliates are, instead, encouraged to recruit new people to become affiliate members of the company.

What Should I Know About The Compensation Plan?

The investment opportunity being offered by My Crypto World involves affiliates investing amounts between $100 and $50,000 into ‘My Crypto Coin Tokens’. Affiliates are also rewarded for signing up new affiliates to the scheme. There are five different means by which affiliates are able to earn through the plan, and they are;

  1. My Crypto Coins / Crypto-Currency investment

My Crypto World affiliates invest in My Crypto World tokens at the following levels

  • Starter Level – Purchase 1000 My Crypto World tokens for $100
  • Bronze Level – Purchase 5000 My Crypto World tokens for $500
  • Silver Level – Purchase 10,000 My Crypto World tokens for $1000
  • Gold Level – Purchase 36,000 My Crypto World tokens for $3000
  • Platinum Level – Purchase 65,000 My Crypto World tokens for $5000
  • Diamond Level – Purchase 187,500 My Crypto World tokens for $12,500
  • Founder Level – Purchase 750,000 My Crypto World tokens for $50,000

My Crypto World intend to convert everyone’s tokens for their new ‘My Crypto Coin’ crypto-currency on the 10th January 2017, with returns being earned by the increasing value of this currency. They say that,

“With a large distribution, the My Crypto Coin is essentially guaranteed to make a significant rise in value when it opens on the international public exchanges”

Affiliates are able to sell their holdings of the crypto-currency for the current market price, and make a return on investment by doing so (assuming the price of the currency has increased).

  1.  Recruitment Commission

My Crypto World encourages recruitment by rewarding those that bring new people into the company. An affiliate will receive a 10% commission of all funds that are invested by affiliates that they have personally recruited. This commission percentage is raised to 25% during your first five weeks of being a member to the scheme.

  1. Residual Commissions

My Crypto World uses a binary team structure to calculate the residual commissions on offer. Binary structures are created by placing you, as the initial affiliate, in a position at the top of the structure. Beneath you will be two positions for new affiliates, which form level 1. Creating two further positions beneath each of the level 1 positions forms level 2, and the same process continues to create as many levels as needed. Each position is filled by both direct and indirect recruitment.

The commission payout works by comparing the investment totals on each side of your binary structure. Each affiliate will earn a weekly 10% commission of the total investment made by the weaker side. To be eligible to receive this you are required to have recruited at least two people to the scheme, both of whom must have invested in one of the packages on offer.

  1. Matching Bonus

Affiliates are then eligible to earn commission based upon the residual commissions being earned by those that they have recruited. To organize this, My Crypto World uses a unilevel structure. This is formed by placing you, as the initial affiliate, in a position at the top of the structure. Beneath you, on level 1, are positions for every new affiliate that you personally recruit. Anyone that is recruited by an affiliate on your level 1 will be put in a position directly beneath whoever recruited them, and this forms your level 2. This process continues and can, in theory, go on forever, but My Crypto World only offers the matching bonus for the first 6 levels of this structure. The Payouts work in the following way, depending on your investment level;

  • Starter Level Affiliates earn a 10% matching bonus of binary commissions earned by their level 1 affiliates in the unilevel structure
  • Bronze Level Affiliates earn 10% from level 1 and 2 affiliates in the unilevel structure
  • Silver Level Affiliates earn 10% from level 1 and 2, and 20% from level 3 affiliates in the unilevel structure
  • Gold Level Affiliates earn 10% from level 1 and 2, and 20% from level 3 and 4 affiliates in the unilevel structure
  • Platinum Level Affiliates earn 10% on level 1 and 2, 20% on level 3 and 4, and 25% on level 5.
  • Diamond and Founder Level Affiliates earn 10% on level 1 and 2, 20% on level 3 and 4, and 25% on level 5 and 6.
  1. Bonus for Advancing Rank

Affiliates of My Crypto World achieve one of six ranks based upon their performance within the scheme. These are ‘Ruby’, ‘Emerald’, ‘Diamond’, ‘Blue Diamond’, ‘Black Diamond’, and ‘Crown Diamond’. To increase rank requires hitting certain investment targets, and by doing so you will receive an extra bonus such as a phone, laptop, Rolex watch or even a Caribbean Villa.

How Do I Join My Crypto World?

To become an affiliate member of My Crypto World requires payment of a $20 fee. Earnings at this level will be capped at $140 per week, with an investment in a package of an amount between $100 and $50,000 being required to be able to take full advantage of the compensation plan.

Is My Crypto World Really A Scam?

Have you been hearing that My Crypto World is a scam?

Have you heard My Crypto World is legit?

It can be hard to tell with so many different people telling you different things.

So, what’s the truth – is My Crypto World a scam or is it a good business?

I would say it’s not really a scam. There are a few things you should be aware of before joining.

The best way to be successful is to be prepared going in, and have a plan to market yourself.

If you want help marketing and making money, see below.

 Name: Email: We respect your email privacyEmail Marketing by AWeber 

Conclusion for My Crypto World

My Crypto World is simply the latest in a long line of Crypto-Currency based MLM schemes that opens its affiliates up to the opportunity to lose a lot of money. The currency itself is absolutely worthless, so when they launch it there will be no increase in value unless they somehow manage to generate enough demand for it on the markets, something that will be rather tricky since no one has any reason to trust the currency and no one accepts it anywhere as payment. It is not clear exactly how My Crypto World thinks you will be able to exchange their currency for anything else, other than by selling your holding onto another affiliate already within the scheme. The slight demand being shown by affiliate members may make it look as if the currency will rise in value, but it will certainly fall to being worthless fairly soon after they launch.

But, putting the crypto-currency based ROI’s to one side, what are we left being offered by My Crypto World? The answer is a pyramid scheme. They are encouraging affiliates to recruit more people to the scheme who invest their money so existing affiliates can be paid, and this will result in a lot of people losing out when it all goes wrong.

Crypto-Currencies and a company that is being secretive about its ownership are, in combination, the perfect recipe for a scam opportunity. With some evidence suggesting My Crypto World has already tried to launch the crypto-currency, and failed, it would be advisable to look elsewhere for another investment opportunity instead of getting involved in this one. They are very likely just trying to get as much cash out of you as possible before it all fails, and the vast majority of people that have been persuaded to invest in what is being offered here will lose most of their investment, if not all of it. There are many other companies out there where they are open about their owners, unlike My Crypto World, and it would be a much better idea to invest in a company where people are confident enough to stand by their product.

I hope you got all the details you needed to make an informed decision in this My Crypto World Review.

Bears of anyone trying to sell you something in their review articles.

If you do want to proceed with My Crypto World, make sure you know how to market properly.

My FREE training below will help you.

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