My Crypto World Review – Is This A Good Opportunity Or Big Scam?
In the last few weeks, My Crypto World has been getting a lot of attention in the network marketing circles.
With all this hype, I am sure you have seen some of your friends trying to sell My Crypto World in your social media feeds.
The first thing you need to know is that I am NOT an affiliate or distributor for My Crypto World.
I wanted to gather all the information about My Crypto World in my My Crypto World Review in order for you to make a decision about joining My Crypto World.
Is My Crypto World legit or a scam?
Will it be able to deliver on it’s promises to you?
Let me show you in my unbiased review of My Crypto World.
Read on to find out what you need to know.
What The Heck Is My Crypto World?
With My Crypto World, we’re met with a company that has decided to offer hardly any background info on their official website.
There’s no mention of who owns My Crypto World, who founded it, who’s involved on an executive level, or where the company is physically based out of.
The case is pretty much the same for the domain name registration.
While I was able to find that the registration took place on September 15th, 2016, that was absolutely it. The private nature of the registration means that any info on who the owner is or where in the world the registration took place is left completely and entirely unknown.
Current Alexa rankings for the My Crypto World website suggest that either the United States or Germany is where the anonymous admin(s) is based out of, with the former accounting for 37% of all the website traffic and the latter making up for 32% of it.
What Are The My Crypto World Products?
Looking at the product line that My Crypto World is offering, there’s honestly not a whole lot to talk bout here at all. My Crypto World is an MLM company that is trying to make it big without any sort of product line in place, and this is a move that is only ever seen by a scheme or scam of some sort.
No honest opportunity can exist without a product line, as they allow for retail sales to take place. Retail sales often serve as the primary source of income for any legit MLM setup, so the lack of a product line also means that no retail sales are taking place at all.
With My Crypto World, affiliates have nothing more than the affiliate membership to try and sell to possible buyers.
What About The Compensation Plan For My Crypto World?
Skimming through the compensation plan being advertised by My Crypto World, affiliates are tasked with investing between $100 and $50,000 into things that the company calls “My Crypto Con tokens.”
Investing in these coins allows affiliates to earn an ROI, and commissions are also paid out when affiliates recruit other individuals to invest their own money into the company as well.
My Crypto Coin ROIs
There are a few different levels of investment that My Crypto World has made available. I already mentioned that investment levels range from $100 and $50,000, but the exact level work out as follows –
- Starter – Invest $100 in order to get 1000 tokens
- Bronze – Invest $500 in order to get 5000 tokens
- Silver – Invest $1000 in order to get 10,000 tokens
- Gold – Invest $3000 in order to get 36,000 tokens
- Platinum – Invest $5000 in order to get 65,000 tokens
- Diamond – Invest $12,000 in order to get 187,000 tokens
- Founder – Invest $50,000 in order to get 750,000 tokens
Something worth noting is that the My Crypto website indicates that all of these tokens will be converted in a new MyCryptoCoin currency starting on January 10th of 2017 (next year).
Also worth mentioning is the fact that My Crypto World is making the assumption that the value of MyCryptoCoin will increase as time goes on.
As per the website, “With a large distribution, the MyCryptoCoin is essentially guaranteed to make a significant rise in value when it opens on the international public exchanges.”
Affiliates for My Crypto World are able to earn a commission off of recruiting other people to join the company, and this is paid out in the manner of 10% off of any funds that any personally recruited affiliates invest.
Along with this, affiliates can also earn an extra 15% based off of invested funds from personally recruited affiliates during their first five weeks of being with the company.
What’s The Cost Of Joining My Crypto World?
If you’d like to become an affiliate for My Crypto World, you’ll need to invest $20 into the company to cover affiliate fees.
Affiliates who don’t invest at least $100 into My Crypto World will only be able to earn on binary commissions that are capped at $140 each week, meaning that you need to invest between $100 and $50,000 in order to fully participate in the MLM opportunity that My Crypto World is bringing to the table.
So, Is There A My Crypto World Scam Going On?
Have you been hearing rumours that My Crypto World is a scam?
After reading this review, you might still be asking yourself if it is really legit.
So – what is the truth? Is there really a My Crypto World scam going on?
If I am being perfectly honest, My Crypto World isn’t entirely a scam.
However, there are some things you need to watch out for.
This is how you will be successful in online marketing. See the image below for details.
Finally, My My Crypto World Review And Conclusion!
With all of that laid out there, what are we looking at for the final world on My Crypto World?
The MyCryptoCoins that the company is marketing and advertising don’t hold any real world value at all, meaning that they’re entirely useless once you take them out of the My Crypto World system.
Because of this, the coin will have no other move except to hit a value of zero at some point later on down the road. The rate at which this will happen is dependent on how many people invest into the company and how much in invested, and because of the way the compensation plan is setup here, My Crypto World ends up operating as nothing more than a pyramid scheme.
My Crypto World will be around as long as people continue to invest money and join the company, but once these levels die down, the entire company will collapse as a whole.
Only the anonymous admin(s) will be the winners at the end of the day here, so unless you’d like to dump your cash into a worthless form of cryptocurrency, I’d suggest looking elsewhere for an MLM opportunity to get involved with.
I really hope you have gained value from my My Crypto World Review.
I wanted to make sure you had all the information you needed, because most other My Crypto World reviews are just trying to sell you something.
If you really do decide to join My Crypto World, I want you to succeed with your business. Learn how to market yourself properly!
My training can help you make money online!