The World Crypto Life Ponzi scheme has collapsed.

In its place we now have something called World E Community.

World Crypto Life was an MLM crypto Ponzi built around IMC tokens and IMEX shares.

Today World Crypto Life and IMC don’t exist. Purchased IMEX shares are worthless.

World Crypto Life operated from the domain “worldcryptolife.com”, which as of July 2024 or thereabouts now redirects to World E Community (WEC).

World E Community runs on the domain “worldecommunity.com”, privately registered on May 9th, 2024.

As above, World E Community markets “everyday convenience backed by an online digital platform accessible worldwide”. Whether intentional or not, that’s a pretty vague pitch.

And the rest of World E Community’s website isn’t much clearer. There’s a bunch of generic finance/crypto bro waffle but no specifics.

Most of the navigational links on World E Community’s website don’t work; namely “about us” and “products & services”.

One link that does work is “Evany”, which leads us to what World E Community is actually selling.

Evany, or EVY, is an ERC-20 shit token. Through EVY, World E Community runs a simple staking model Ponzi scheme.

To summarize World E Community and Evany’s business model;

  • you invest into EVY
  • you stake EVY with World E Community/Evany
  • you get paid a passive return in EVY during the staking period
  • you cash out your EVY and get paid subsequently invested funds

World Crypto Life was fronted by CEO Francis Yoon (right) and COO Chris Principe.

Prior to World Crypto Life Yoon was a failed crypto bro. Chris Principe was tied to the notorious OneCoin Ponzi scheme.

Today there is no mention of Yoon or Principe on either World E Community’s or Evany’s respective websites.

In fact there’s no disclosure of any corporate executives.

World E Community’s website doesn’t give us much to go on but on Evany’s website we find a link to EVY on CoinMarketCap:

The link takes to EVY’s CoinMarketCap page, on which we learn:

Evany is an Ethereum ERC20 based utility token that has been created by Master & S Inc, a prominent company based in California, USA.

The token is owned by GPoint Wallet, which is a product of Master & S Inc.

Master & S Inc. is a Californian corporation. Master & S Inc. corporate filings cite Kwangeun Pyo as CEO through a Californian address.

Kwangeun Pyo, aka Richard Pyo, has come up in discussion on World Crypto Life on BehindMLM.

Prior to World Crypto Life, Master & S Inc.’s Bank of America account(s), controlled by Richard Pyo, were used to launder Suponic Global Ponzi funds.

One final point worth noting is Master & S Inc.’s current Los Angeles, California address, as per the company’s 2024 California Secretary of State filings, has been in use since World Crypto Life:

This ties into Evany being originally launched as part of World Crypto Life:

Across World Crypto Life’s IMC token investment scheme and IMEX share offering, and World E Community’s EVY staking investment scheme, none of the associated entities or individuals involved have been registered with the SEC.

On information and belief, none of the associated entities or individuals involved are registered with California’s Department of Financial Protection and Innovation either.

Offering unregistered securities constitutes securities fraud and is illegal in any counrty with a regulated financial market.

Beyond which, the inevitable MLM crypto Ponzi outcome applies to World E Community and its Evany staking Ponzi.

As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.

This will starve World E Community of EVY staking ROI revenue, eventually prompting a collapse.

The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.