KDK Trade Charity Club Review: $20 GCR Coin gifting
KDK Trade Charity Club are based out of the UK and launched on February 28th.
Identified as CEO of KDK Trade Charity Club on their website is Kwaku Damete-kumi (whose initials form the company name).
As per Damete-kumi’s KDK Trade Charity Club bio;
My passion is helping people make money online by starting their own business. I was born in Ghana and for the past 17 years, I have lived in the UK.
Recently, in 2009 I was called to be an evangelist preacher. The part of my calling – to help others – is what I take the most pride in with regards to helping those in need, especially with their business.
I promise to impart to you what I have learned from my 11 years of networking as we build our team. Let’s make money together!
Damete-kumi appears to have a penchant for Ponzi schemes, with promotional material for RevShareNow ($2 to $40 HYIP Ponzi scheme), Unascos (formerly uFun Club), Fort Ad Pays, iCharity Club (Ponzi-based cash gifting), Global Currency Reserve and MMM Global (MMM Ghana) recently appearing on his Facebook account.
Read on for a full review of the KDK Trade Charity Club MLM business opportunity.
The KDK Trade Charity Club Product Line
KDK Trade Charity Club has no retailable products or services, with affiliates only able to market KDK Trade Charity Club affiliate membership itself.
The KDK Trade Charity Club Compensation Plan
The KDK Trade Charity Club compensation plan sees affiliate gift $20 to eachother, which in turn qualifies them to receive gifting payments from subsequently recruited affiliates.
KDK Trade Charity Club gifting payments are tracked through a 5×10 matrix.
A 5×10 matrix places an affiliate at the top of the matrix, with five positions directly under them (level 1):
The second level of the matrix is generated by splitting each of the first five positions into another five positions each (25 positions).
The third level of the matrix is generated in the same manner, by splitting each of the twenty-five second level positions into another five positions each (125 positions).
In this manner all ten levels of the matrix are generated, with a complete 5×10 matrix housing 12.2 million positions.
After gifting $20 to the affiliate who recruited them, a KDK Trade Charity Club affiliate must fill the first level of their matrix.
This results in $100 worth of gifting payments made to them (5 x $20), with $40 required to be gifted again to the affiliate who recruited them.
This second $40 gifting payment unlocks the second level of the matrix, qualifying the affiliate to receive $40 gifting payments from their downline.
In this manner all ten levels of the matrix operate independently from eachother, with required gifting payments as follows:
- level 1 – gift $20 to qualify to receive 5 $20 gifting payments
- level 2 – gift $20 to qualify to receive 25 $20 gifting payments
- level 3 – gift $80 to qualify to receive 125 $80 gifting payments
- level 4 – gift $120 to qualify to receive 625 $120 gifting payments
- level 5 – gift $200 to qualify to receive 3125 $200 gifting payments
- level 6 – gift $300 to qualify to receive 15,625 $300 gifting payments
- level 7 – gift $400 to qualify to receive 78,125 $400 gifting payments
- level 8 – gift $800 to qualify to receive 390,625 $800 gifting payments
- level 9 – gift $1170 to qualify to receive 1,953,125 $1170 gifting payments
- level 10 – gift $1670 to qualify to receive 9,765,625 $1670 gifting payments
Joining KDK Trade Charity Club
Affiliate membership with KDK Trade Charity Club is tied to a $20 gifting payment to the affiliate who recruited you.
KDK Trade Charity Club is a peer to peer donation program far better than all other club (If you know about it) and we will be accepting mainly GCR Coins as our Primary payment gatway (sic) with 30 other crytocurrencies coming soon…
The problem with participating in so many Ponzi points schemes is that you wind up with a bunch of worthless points. Although billed as a legitimate cryptocurrency, GCR Coins currently exist without purpose – ie. they’re worthless.
Through Global Currency Reserve, a bunch of affiliates were duped into investing – on the hope GCR Coin would be the next BitCoin.
This is the primary marketing pitch for pretty much every MLM cryptocurrency currently out there.
With GCR Coin, that didn’t happen and the currency has since been abandoned. Well, at least on a corporate levels.
Holders of GCR Coin are still able to trade the currency but, as I mentioned earlier, the coin doesn’t have a purpose and is therefore pretty worthless.
KDK Trade Charity Club appears to be an attempt by GCR Coin holders to artificially create demand for the coin.
Aside from Kwaku Damete-kumi, it shouldn’t be hard to establish that all the early adopters of KDK Trade Charity Club have GCR Coin balances.
How exactly that coin fits into the scheme is unclear (the compensation plan deals with USD), but offloading them will probably work something like this.
Hi guys, you need $20 worth of GCR Coin to get started.
What’s that… you don’t have any? Oh, well good news! We have some we can sell you.
What’s that… your recruits need GCR Coins too? No worries, we have plenty to go around!
Through Damete-kumi’s KDK Trade Exchanger website (“kdktradeexchanger.com”), you send him real money in exchange for GCR Coins.
The other way this could go is if they’re looking to hoard the coins. This makes little sense though as KDK Trade Charity Club would be limiting participants to existing holders of GCR Coin.
Add to that acquisition of the coins drives down demand. GCR Coin is already pretty useless, with more coins in the hands of fewer people only going to make it even more worthless.
Oh, and did I mention cash gifting schemes are unsustainable scams?
You gift your money in, you scam people who come after you and eventually, once recruitment dries up, a whole lot of people are left holding the bag.
That alone is as good a reason as any to stay well-clear of a scheme launched by seasoned Ponzi veterans. The use of the word “charity” in the name of a gifting scheme is also particularly slimy.