CryptoWorld Network Review – Legit Biz Op or Big Scam? Find Out Here…
Welcome to my CryptoWorld Network Review!
I have heard some considerable buzz about this company, so I decided to look into what it was all about…
Chances are you were contacted by a company affiliate or maybe you were contacted on Facebook about this income opportunity.
Are you here to make sure this opportunity is actually legit?
Well, research is a positive way to start your process to finding out the answers you need!
So many people jump into opportunities without enough research beforehand and then end up feeling burnt in the end.
In my blog review on CryptoWorld Network, I am going to walk you through the company history, the products and compensation plan and maybe put some rumors to rest.
Let’s hit the ground running!
CryptoWorld Network Review – The Company
On the company website there is no information available on the owners or operators of the business.
So, I dug around a bit and found out that the CryptoWorld Network website domain was registered privately as “cryptoworldnetwork.com” on the 1st of November in 2017.
A bit more research shows that affiliates promoted a prelaunch of the company as a new division in July 2017 of another company called Global MoneyLine as their descendant.
The prelaunch didn’t occur, so Global MoneyLine then pre-launched CryptoWorld Network as a “sister company” on the 2nd of January in 2018.
The data collected and analyzed from Alexa shows the estimated amount of website visitors for the Global MoneyLine site decreased in March of 2017, which probably means the company started to diminish once the CryptoWorld Network launched.
CryptoWorld Network Reviews – The Products
CryptoWorld Network doesn’t have any products or services for affiliates to purchase or sell.
But anyone wanting to sign up as an affiliate with CryptoWorld Network can market the company affiliate membership.
CryptoWorld Network affiliate membership is offered at $49, which will give you access to their private social media platform and forum presented on the company website.
CryptoWorld Pro affiliate membership is offered at $499, which lets an affiliate create and contribute on the social network in “Pro Network” groups.
CryptoWorld VIP affiliate membership is offered at $999, which gives admittance to the social network, including the “VIP Pro Network” groups and the ability to create landing pages.
CryptoWorld VIP affiliates can also purchase publicity on the social network, which is offered at $49 monthly.
The CryptoWorld Network Compensation Plan
Affiliates looking to take part in the company compensation plan are required to sign up and invest into the company.
Affiliates are to pay their membership costs once per year.
Commissions earned by affiliates are paid by the company when they sponsor new affiliates who do the same.
Company affiliates are to be “on the monthly,” which is most likely a reference to a $49 ad pack service that is mandatory.
The company uses a binary compensation model to pay sponsorship commissions to its affiliates.
The binary compensation model puts an affiliate onto the top of a binary team, where the next level is divided into a left and right side.
Level 1 of the binary team holds two positions and level 2 is made by dividing the first two positions into a further two positions each, creating 4 positions in total on level 2.
Any future levels of the binary team are made as needed, and each new level will hold two times as many positions as the level before it.
The binary team positions are filled through direct and indirect sponsorship of new affiliates.
NOTE: The company does not limit the growth of how deep a binary team may grow to.
Payment of affiliate membership costs by newly sponsored affiliates generates to sales volume (GV) for both the left and right sides of the binary team.
The company adds up the GV on each side of the binary team hourly.
Company affiliates are paid out a percentage of the GV on the weaker team, which is centered on the total downline of the GV build-up.
- Generate up to 10,000 GV in accumulated volume and receive a 10% residual binary commission rate
- Generate between 10,001 to $20,000 GV in accumulated volume and receive a 15% residual binary commission rate
- Generate over 20,001 GV in accumulated volume and receive a 20% residual binary commission rate
Any volume leftover on the stronger binary side is carried over to following month, every month.
The company uses a unilevel compensation model to pay out matching bonuses to its affiliates.
The unilevel compensation model puts an affiliate at the top of a unilevel team, which places any personally sponsored affiliate on level 1 right underneath the original affiliate.
When a level 1 affiliate sponsors new affiliates, they are then put onto level 2 of the original affiliate’s unilevel team.
When a level 2 affiliate sponsors new affiliates, they are then placed onto level 3, and level creations continues like so down a hypothetical never ending amount of levels.
Earned down 5 levels of the unilevel team, the company will pay out 10% in a matching bonuses on binary commission.
- Personally sponsor at least four affiliates who are commission qualified (two on either side of the binary team) and receive a Matching Bonus down one level
- Personally sponsor at least eight affiliates who are commission qualified (four on either side of the binary team) and receive a Matching Bonus down two levels
- Personally sponsor at least twelve affiliates who are commission qualified (six on either side of the binary team) and receive a Matching Bonus down three levels
- Personally sponsor at least sixteen affiliates who are commission qualified (eight on either side of the binary team) and receive a Matching Bonus down four levels
- Personally sponsor at least twenty affiliates who are commission qualified (ten on either side of the binary team) and receive a Matching Bonus down five levels
NOTE: Affiliates who don’t earn binary commission are skipped over, allowing the Matching Bonus to always be paid down 5 levels per unilevel leg the team.
As per binary commissions, the company will pay the Matching Bonus every hour.
Cost To Join CryptoWorld Network
The cost to join CryptoWorld Network as an affiliate is associated with the memberships offered:
- $49 for Networker
- $499 for Pro or
- $999 for VIP
The company memberships are renewed every year.
Verdict on CryptoWorld Network
After doing my research on this company I have come to the conclusion that this company is not 100% legit…
They are promoted as a tiered social network, where the affiliates are given access to cryptocurrency giants if they pay higher fees, when in actuality, if you are paying more you’re getting more ripped off because you are only joining other affiliates who are paying more for no reason.
No gains are being made when you pay more, not from a real business point of view, and not this case at all.
To be on the “monthly” here is mandatory and that is only there to generate monthly volume for the company to pay commissions owed to its affiliates.
The company is trying to play it off as if they are retail driven but that’s not the case:
“Retail Customer Profits
CryptoWorld Network offers you the opportunity to establish a base of retail customers whose products/services purchases generate retail profits.
A retail customer is someone that purchases product/services from a replicated CWN site at retail.
A retail customer is purchasing the product/services for their personal use and (are) not required or expected to build the business.”
The company does not offer any products or services to sell or purchase, the only thing that can be purchased is affiliate memberships.
Everyone involved in this network is an affiliate getting commissions to sponsor new affiliates, end of story.
This scam is a combination of the “pay to play” type, and this violates regulatory and compliance issues that the company is ignoring.
And as we know, once new sponsorship slows or stops, the company will stop seeing investment money entering the company and when this happens the pay out of the commissions will also stop.
Inevitably, this lack of new sponsorship will cause the company to fail and the scam will no longer be able to keep going, so before the administrators take a loss, they will bail with the money they have already collected.
My advice? Be careful with this company as you are likely to lose your investment…
I hope you enjoyed my CryptoWorld Network review and if you have any questions, please leave them in the comments below…
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