Thank you for stopping by to read our Cryptocurrency Bank MLM review.
There has been some buzz about desperate attempt to resuscitate this MLM opportunity, so we decided to investigate what was it all about.
Read on for a full review of this MLM opportunity.
Cryptocurrency Bank MLM Review
Cryptocurrency Bank MLM gives no data on their site about who claims or runs the organization.
The website domain (“ccbmlm.com”) was secretly registered on June eleventh, 2017.
At the time of publication Alexa at currently estimate the US, Brazil and Nigeria are the best sources of traffic to the Cryptocurrency Bank MLM site.
The MLM affiliate agreement recommends the organization may be run out of Florida;
Venue and jurisdiction for any activity relating to this agreement or any difference or case between the parties hereto should be in Palm Bach Country, State of Florida or in the United States District Court in and for the District of Florida.
An address in Hong Kong is given on the Cryptocurrency Bank MLM site. Additional research however uncovers this address is a virtual office space given by Regus.
As usual, if a MLM organization is not transparently upfront about who is running or owns it, take some time to consider joining as well as giving over any cash.
Cryptocurrency Bank MLM Products
Cryptocurrency Bank MLM has no retailable items or services, with affiliates just ready to showcase their affiliate membership itself.
The Compensation Plan
Cryptocurrency Bank MLM affiliates buy a matrix position and are paid when they recruit others who do the same.
For each new affiliate recruited, a $10 commission is paid out.
Residual recruitment commissions are paid out by means of a 2×20 matrix.
A 2×20 matrix puts a Cryptocurrency Bank MLM partner at the highest point of a matrix, with two positions specifically under them:
These two positions frame the primary level of the matrix. The second level of the matrix is created by splitting these initial two positions into another two positions every (4 positions).
Levels three to twenty of the matrix are created in a similar way, with each new level housing twice the same number of positions as the past level.
Positions in the matrix are filled when directly and indirectly recruited affiliates buy positions.
For every individual filled in the 2×20 grid, a $2 commission is paid out.
Note that all commissions in Cryptocurrency Bank MLM are paid in CCBM points.
Cryptocurrency Bank MLM affiliate membership is free of charge.
Cryptocurrency Bank MLM claims they are ” destine to be the biggest Cryptocurrency worldwide bank on the planet!”
What with banking one of the most secure regulatory sectors the world over, that’s easier said than done.
The truth of Cryptocurrency Bank MLM is it's simply one more points-based opportunity masquerading as having something to do with Cryptocurrency.
CCBM is represented as being a Cryptocurrency. However it's not openly tradable and has no certifiable free market activity.
CCBM is worthless to the point that the owner(s) behind this MLM will give you $50 worth of CCBM only to sign up.
Cryptocurrency Bank MLM affiliate membership is free, which promptly makes the issue of CCBM points being assigned a value backed by nothing.
Genuine cash needs to enter Cryptocurrency Bank MLM sooner or later, otherwise there's no cash to pull back.
So what's the plan here?
Cryptocurrency Bank MLM advise on their site that they are in prelaunch until September nineteenth, 2017.
Until at that point, you'll have the capacity to get CCBM points by joining and recruiting affiliates into your network.
Come September 17th you'll have a CCBM balance Cryptocurrency Bank MLM will let you know is worth a ton of money.
In any case you need to pull back that cash, will need to cough up genuine cash first.
In addition to that model clearly being a mix of Ponzi and pyramid fraud (utilizing recently contributed assets to pay off existing investors tied to recruitment), there's additionally the issue of the mysterious Cryptocurrency Bank MLM owner(s) holding an obscure amount of CCBM points.
Most likely the inner estimation of CCBM points will lead up to the number one spot up to Cryptocurrency Bank MLM's dispatch.
Guess who gets dibs on changing over their useless CCBM points into genuine cash once affiliate deposits start rolling in?
In case you're fortunate you may make whatever Cryptocurrency Bank MLM charge you back out. The truth for most affiliates however will be losing their cash outright.
Be especially careful about the “it doesn't cost anything to join!” marketing angle.
Fundamental science directs that sooner or later Cryptocurrency World Bank will need to begin charging affiliates, otherwise there's no cash to pull back.
Everything else until the point is a baseless marketing hype.
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