My Crypto World Review – Legit Company or Another Scam? Learn Here…
Welcome to my My Crypto World Review!
With so many new MLM companies starting up all the time, it can be hard to know which ones are legit and which ones aren’t.
The best way to ensure that your hard-earned money is safe is to proactively research any company you are thinking about joining.
My review will tell you all about this company, their products and their compensation plan, so you can decide for yourself if it’s the right company for you.
So let’s get right to it!
My Crypto World Review – The Company
For starters, I couldn’t find any information on the company website regarding who owns or or operates My Crypto World.
There are two My Crypto World website domains, “mycryptoworld.com” and “mycryptoworld.net”, and they were both privately registered on the 15th of September, 2015.
Most of the traffic to the My Crypto World website seems to come mostly from the US and Germany.
What this usually indicates is that My Crypto World is probably based and running out of one or both of these countries.
My Crypto World Reviews – The Products
My Crypto World does not currently offer any retail products or services.
Affiliates who sign up for My Crypto World can only market and sell the affiliate membership.
The My Crypto World Compensation Plan
Affiliates who want to participate in the My Crypto World compensation plan must invest between $100 and $50,000 in My Crypto Coin tokens.
My Crypto World affiliates can also earn through sponsoring new affiliates who also invest.
My Crypto Coin ROIs
My Crypto World has several token packages that affiliates can invest in.
The cost of these token packages is between $100 and $50,000 and looks something like this:
- Starter – $100 for 1000 tokens
- Bronze – $500 for 5000 tokens
- Silver – $1000 for 10,000 tokens
- Gold – $3000 for 36,000 tokens
- Platinum – $5000 for 65,000 tokens
- Diamond – $12,500 for 187,500 tokens
- Founder – $50,000 for 750,000 tokens
It has been announced that My Crypto World will convert these tokens on January 10th, 2017.
The tokens will be converted to something called MyCryptoCoin cryptocurrency.
The company website features marketing materials that claim that the value of MyCryptoCoin will increase over time.
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 can withdraw a ROI at any time simply by trading MyCryptoCoins at the current price.
Commission Restrictions In MyCryptoCoin
My Crypto World has commission restrictions that are applied to all commissions except the MyCryptoCoin ROI payouts.
There are weekly caps on commission earnings that are based on how much an affiliate initially invests:
- Affiliate (no package) – $140
- Starter ($100) – $700
- Bronze ($500) – $3500
- Silver ($1000) – $7000
- Gold ($3000) – $21,000
- Platinum ($5000) – $35,000
- Diamond ($12,500) and Founder ($50,000) – $50,000
Recruitment Commission Payout
My Crypto World affiliates can earn a 10% commission on money that is invested by personally sponsored affiliates.
There is also an extra 15% that is paid on deposited investments that occur during the affiliate’s first 5 weeks (the sponsoring affiliate).
Residual Commission Payout
Residual commissions are also available and are paid through a binary compensation structure.
This type of structure puts an affiliate at the top of a binary team that splits into a left and right side.
The first level of the binary team holds two positions and the second level is made by adding another 2 positions under each of the first two.
The binary team positions are filled through direct and indirect sponsorship of new affiliates.
Any further levels of the binary team are made as they are needed, with each new level holding twice as many positions as the level above it.
New investment volume is counted up at the end of each week on both sides of the binary team.
Affiliates earn 10% of the volume that is generated on the weaker side of their binary team.
The system then removes matched volume from the stronger side of the binary team.
This process repeats itself weekly.
In order for an affiliate to qualify for residual binary commissions,they must personally sponsor a minimum of 2 affiliates who have invested in a package.
Matching Bonus Payout
My Crypto World affiliates can earn a matching bonus on binary commissions that are paid through 6 levels of recruitment through a unilevel compensation structure.
This type of compensation structure puts an affiliate at the top of a unilevel team that places every personally sponsored affiliate right underneath them on level 1.
When level 1 affiliates bring in new affiliates, they are put on level 2 of the original affiliate’s unilevel team.
When level 2 affiliates bring in new affiliates, they are put on level 3, etc.
Payable unilevel levels are capped by My Crypto World at six, and affiliates receive a percentage of binary commissions which are paid down six levels of their unilevel team.
The amount of levels that a My Crypto World affiliate earns a matching bonus on depends on how much funds they have invested:
- Starter affiliates ($100) earn a 10% match on level 1 (personally recruited affiliates)
- Bronze affiliates ($500) earn a 10% match on levels 1 and 2
- Silver affiliates ($1000) earn a 10% match on level 1 and 2 and a 20% match on level 3
- Gold affiliates ($3000) earn a 10% match on levels 1 and 2 and a 20% match on levels 3 and 4
- Platinum affiliates ($5000) earn a 10% match on levels 1 and 2, a 20% match on levels 3 and 4 and a 25% match on level 5
- Diamond affiliates ($12,500) and Founder affiliates ($50,000) earn a 10% match on level 1 and 2, a 20% match on levels 3 and 4 and a 25% match on levels 5 and 6
Rank Advancement Bonus
The My Crypto World compensation plan features 6 affiliate ranks.
Each rank has its own qualification criteria and bonus, and look like this:
- Ruby (generate $10,000 weekly investment volume in your weaker binary leg and recruit and maintain two Sapphire or higher ranked affiliates) – Samsung S7
- Emerald (invest in a Platinum package or higher, generate $40,000 weekly investment volume in your weaker binary leg (at least $80,000 volume in total) and recruit and maintain at least three Ruby or higher ranked affiliates) – Macbook Air
- Diamond (generate $80,000 weekly investment volume in your weaker binary leg (at least $200,000 volume in total) and recruit and maintain at least three Emerald or higher ranked affiliates) – “Diamond Trip”
- Blue Diamond (generate $200,000 weekly investment volume in your weaker binary leg (at least $500,000 volume in total) and recruit and maintain at least three Diamond or higher ranked affiliates) – Rolex watch
- Black Diamond (generate $500,000 weekly investment volume in your weaker binary leg (at least $1,500,000 volume in total) and recruit and maintain at least four Blue Diamond or higher ranked affiliates) – Gold Rolex watch
- Crown Diamond (generate $1,500,000 weekly investment volume in your weaker binary leg (at least $8,000,000 volume in total) and recruit and maintain at least six Black Diamond ranked affiliates) – a $600,000 Caribbean villa
Cost To Join My Crypto World
The cost of a My Crypto World affiliate membership is $20.
If an affiliate does not invest $100 to $50,000 in a package, they can only earn binary commissions that are capped at $140 a week.
In order to fully participate in the My Crypto World compensation plan, affiliates must make an initial investment of somewhere between $100 and $50,000.
The moment you have been waiting for in My Crypto World review the verdict…
Verdict On My Crypto World
Overall because there are no retail products or services and just the ability to promote the affiliate membership, this company is borderline…
The biggest issue is that the MyCrypto Coins are totally useless outside of this company and the actual value is from affiliates who are investing which is a big no no…
Their is no external source of income adding value and that’s probably the biggest red flag…
So proceed with caution…
I hope you enjoyed my My Crypto World review and if you have any questions, leave them in the comments below…
Jesse What Do You Recommend?
After reviewing hundreds of companies and systems…
It’s the only system where you will learn how to build a business online step by step with the right training, tools and one on one coaching.
Yes that’s real one on one coaching to help you start up, setup and scale your business to your income goals…
Also, you are not selling anything yourself because this system has a sales team that does it for you.
Just take a look at my recent results:
Better yet, take a look at my students results below…
In other words, it works!
You will thank me later 🙂
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