Metaverse Wealth Academy Review: Crypto buzzword pyramid
Metaverse Wealth Academy doesn’t provide ownership or executive information on its website.
Metaverse Wealth Academy’s website domain (“metaversewealthacademy.io”), was privately registered on July 17th, 2022.
Official Metaverse Wealth Academy marketing videos are narrated by a female with a US accent.
I was able to identify the individual as Violet L. Howard (right).
Howard is one of two admins of Metaverse Academy’s private FaceBook group.
The other admin is Vincent Darrell:
Howard appears to have started out in MLM six years or so ago, through the WorldVentures pyramid scheme.
These days, along with Darrell, Howard promotes MLM crypto scams.
Darrell and Howard’s latest grift was the Metafi Yielders Ponzi scheme.
Metafi Yielders collapsed in May 2022. Both Darrell and Howard have since deleted all their Metafi Yielders’ promotional efforts.
Well, almost all of it.
Howard is based out of Florida in the US. Darrell is also believed to be a US citizen and resident.
Read on for a full review of the Metaverse Wealth Academy MLM opportunity.
Metaverse Wealth Academy’s Products
Metaverse Wealth Academy has no retailable products or services.
Affiliates are only able to market Metaverse Wealth Academy affiliate membership itself.
Metaverse Wealth Academy’s Compensation Plan
Metaverse Wealth Academy affiliates sign up and pay two fees.
Each fee corresponds to a recruitment commissions, paid when directly and indirectly recruited affiliates pay tier joining fees.
Metaverse Wealth Academy’s two unilevel team commission tiers are “Powerline Autopool” and “Global Autopool”.
Joining the Powerline Autopool tier costs $60.
Powerline Autopool recruitment commissions are paid out 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.
The PowerLine Autopool pays commissions down four levels of unilevel team recruitment:
- level 1 (personally recruited affiliates) – $30
- level 2 – $15
- level 3 – $9
- level 4 – $6
Joining Global Autopool tier costs $50.
Global Autopool recruitment commissions are paid out via a 4×1 matrix cycler.
A 4×1 matrix places an affiliate at the top of a matrix, with four positions directly under them.
These four positions are filled when directly and indirectly recruited affiliates pay for $50 Global Autopool positions.
The first three positions filled in a 4×1 matrix pay $25 each. The fourth $25 is used to create a new Global Autopool matrix position.
The process then repeats itself, again paying $25 on the first three positions filled and cycling into a new matrix from the fourth position.
Joining Metaverse Wealth Academy
Metaverse Wealth Academy affiliate membership is free.
Participating in the attached income opportunity costs $60 for the Powerline Autopool and $50 for the Global Autopool.
Metaverse Wealth Academy runs on the Binance Smart Chain. Fees and commissions are paid in cryptocurrency.
Metaverse Wealth Academy Conclusion
Metaverse Wealth Academy markets itself using buzzwords like the “metaverse”, “financial freedom” and a bunch of crypto jargon.
Metaverse Wealth Academy is a simple two-tier pyramid scheme, as acknowledged on the company’s own website:
User pays entry amount to previously joined users. The amount is distributed according to Smart Contract Protocol upto 4th levels above the joined users
Entry amount from Global Line Autopool is paid to previously joined users based on timestamp and recorded on Binance Smart Chain.
What makes Metaverse Wealth Academy worse than a regular pyramid scheme, which is already stacked against participants, is that Metaverse Wealth Academy is preloaded with Metafi Yielders victims.
Violet Howard, Vincent Darrell and their Metafi Yielders downlines will steal most of the money paid into Metaverse Wealth Academy. That’s on top of the $25 that goes missing from each Global Autopool $50 buy-in.
In an attempt at pseudo-compliance, Metaverse Wealth Academy represents “tools & courses” are bundled with affiliate membership:
This doesn’t change Metaverse Wealth Academy’s fraudulent business model.
As with all MLM pyramid schemes, once recruitment inevitably dries up the scam collapses.
Math guarantees the majority of participants in pyramid schemes will lose money.