CryptoWorld Network Review: Global MoneyLine crypto reboot
CryptoWorld Network provide no information about who owns or runs the company.
The CryptoWorld Network website domain (“cryptoworldnetwork.com”) was privately registered on November 1st, 2017.
Further research reveals CryptoWorld Network affiliates marketing the company as the successor to Global MoneyLine.
A visit to the Global MoneyLine Facebook page reveals the company announced a “new division” back in July:
The August prelaunch didn’t happen (or if it did it flopped), with Global MoneyLine eventually prelaunching CryptoWorld Network as a “sister company” on January 2nd, 2018:
Global MoneyLine is a pyramid scheme launched in mid 2016.
Under the guise of building an email list, Global MoneyLine affiliates pay $20 and are paid to recruit others who do the same.
Alexa traffic estimates for the Global MoneyLine website show a sharp decline in traffic from around March, 2017.
For a pyramid scheme this spells collapse, which has likely prompted the launch of CryptoWorld Network.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
CryptoWorld Network has no retailable products or services, with affiliates only able to market CryptoWorld Network affiliate membership itself.
CryptoWorld Network affiliate membership for $49 provides access to a private social media platform and forum, hosted on the CryptoWorld Network website.
CryptoWorld Pro affiliate membership for $499 allows an affiliate to create and participate in “Pro Network” groups on the social network.
CryptoWorld VIP affiliate membership for $999 provides access to “VIP Pro Network” groups and the ability to create landing pages on the social network.
CryptoWorld VIP affiliates are also able to purchase advertising on the social network for $49 a month.
The CryptoWorld Network Compensation Plan
CryptoWorld Network affiliates pay an annual membership fee. Commissions are paid when they recruit others who do the same.
To qualify for commissions each CryptoWorld Network affiliate must “be on the monthly”, which I believe is a reference to mandatory purchase of the $49 ad pack service.
CryptoWorld Network pay recruitment commissions out via a binary compensation structure.
A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).
Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.
Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note there is no limit to how deep a binary team can grow.
Payment of CryptoWorld Network affiliate membership fees by recruited affiliates generates sales volume (GV) on both sides of the binary team.
Every hour CryptoWorld Network tally up generated volume on both sides of the binary team.
Affiliates are paid a percentage of volume generated on their weaker team, based on total downline GV accumulation.
- 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
Leftover volume on the stronger binary side is carried over to the next month.
CryptoWorld Network pay a Matching Bonus on binary commissions via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
CryptoWorld Network pay a 10% matching bonus on binary commissions earned down five unilevel team levels.
- personally recruit 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 recruit 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 recruit 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 recruit 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 recruit 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 that affiliates who don’t earn binary commissions are skipped over, meaning the Matching Bonus always pays out down five levels per unilevel leg.
As with binary commissions, CryptoWorld Network pay the Matching Bonus hourly.
Joining CryptoWorld Network
CryptoWorld Network affiliate membership is
- $49 for Networker
- $499 for Pro or
- $999 for VIP
All CryptoWorld Network affiliate memberships are annually recurring.
Following on from the Global MoneyLine pyramid scheme, CryptoWorld Network is pretty much the same concept bundled with a cryptocurrency forum.
At its core, CryptoWorld Network is marketed as an exclusive tiered social network.
Higher fees paid are represented as gaining access to “cryptocurrency whales”, when in reality all an affiliate is paying access to are other CryptoWorld Network affiliates who have also paid higher fees.
The $49 monthly advertising fees serves as mandatory autoship, existing primarily to generate monthly volume for CryptoWorld Network to pay commissions with.
No doubt self-aware that Global MoneyLine operated as a pyramid scheme, this time around CryptoNetwork tries to pass itself as a retail-orientated business.
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 problem here is that CryptoWorld Network don’t actually sell anything except affiliate memberships.
If you visit the CryptoWorld Network, all you can do is “sign up to gain access”.
There might be a loophole wherein affiliates who sign up but don’t pay the annual fee can still purchase advertising, however the percentage of revenue generated via this is going to pale in comparison to mandatory affiliate autoship purchases each month.
If you weren’t signed up as a CryptoWorld Network affiliate, why would you pay for advertising to a private community you’re not a part of? It makes zero sense.
Everyone else in CryptoWorld Network is an affiliate, primarily getting paid to recruit new affiliates and their monthly spend.
This is a combination of pyramid recruitment and “pay to play”, both regulatory compliance issues that should not be ignored.
Oh and there’s also this red flag:
All purchases are Final, NO REFUNDS.
Bad enough affiliates get screwed once they hand over their money, I’m sure “no refunds” will have retail customers lining up the aisles.
As with all pyramid schemes, once affiliate recruitment slows down so to do commissions generated within the scheme.
Eventually a collapse is triggered, resulting in the majority of affiliates taking a loss.
Global MoneyLine, if it hasn’t already collapsed, is on its way there. CryptoWorld Network is the same recruitment scam with a different coat of paint (cryptocurrency education).
If you want to feel like you’re part of an exclusive cryptocurrency community, there are plenty of groups on Facebook and other social media platforms you can join for free.
Paying a fee to gain access to others who also pay a fee isn’t likely to provide you with cryptocurrency knowledge that can’t be readily and easily obtained elsewhere.