Despite not having an attached product or service till at least Christmas 2019, Richard Smith is gearing up to launch R Network.

What will R Network pay commissions on without an attached product or service?

Glad you asked. Read on for a full review of the R Network MLM opportunity.

In addition to running the company, Richard Smith (right) is credited as R Network’s President.

Our source material for this review is a presentation given by Smith and those he’s working with, dated on or around April 25th.

In his presentation, one of the first things Smith eagerly tells those in attendance is

for the first time in the history of network marketing, you’re not selling anything.

R Network follows on from our previous coverage of Digital Vault and RevvCard.

The Digital Vault branding has been dropped. RevvCard is still being used, although plans to sell the cards in Walmart have also been dropped.

Smith states he “hopes” RevvCard will be ready to launch around Christmas 2019 at the earliest.

RevvCard is still tentatively priced at $150 for retail customers and $100 for R Network affiliates.

A RevvCard interim app is supposedly going to be made available at some point, however specific details on that are sketchy.

Not sketchy at all are Smith’s representations that R Network is going to operate as a bank.

Where do we get the money to pay out the TBS, team building structure?

We get that revenue because we own the banks.

We own the banks. You’re gonna have an opportunity to own the banks.

I have a contract because we’re the owner of that bank. The lion’s share of those merchant fees will go to you guys.

Do you start seeing what the power is?

When asked specifically about the name of the bank, Smith states;

The CEO of the bank is negotiating the bank that we’re gonna name this thing.

Everybody in here … will know this name. I’m not gonna tell what it is because he’ll kill me.


Apparently the bank side of R Network is being put together by Trent Walker.

On LinkedIn Walker cites himself as CEO of CEO at “NetChain Squared (NetChain2)”. Smith proclaims Walker was in charge of Google’s finances, back when the company was generating ~$700 million or so a month.

Getting back to R Network’s banking arrangements, despite not being willingly to disclose specifics, Smith reassures those in attendance that “every contract has been signed”.

Oh and supposedly next year, a cryptocurrency component will be added to RevvCard.

The reason is it’s something that’s never been done before, and nobody’s gonna do it till we do it.

The guys that created the top three coins for volume, not dollar volume, transaction volume, is creating what we’re calling HyperDex.

It’s a decentralized exchange. And all the coins that are on all the exchanges will be housed in your exchange.

Your wallet will be housed on your card (RevvCard).

Cryptocurrency coin to coin transfers within R Network wallets will attract a $1 flat fee. Cryptocurrency coin to fiat transfers will attract a $5.95 flat fee.

And remember how Nui *winkwink* totally has nothing to do with R Network *nudgenudge*?

This is the only thing we’re gonna do for kala; once Darren (Olayan) gets it on an exchange, and I don’t care what exchange it’s on, we’re gonna have it in the HyperDex.

It will be the only coin out of all the coins that are on all the exchanges, that you don’t have to sell it before you go buy yourself a pizza.

You’ll be able to take your card, swipe that honkin’ thing, and have no cash at all in the bank.

It’ll automatically know that you have kala, convert it to whatever the sales price is and pay for your bloomin’ pizza on the fly.

Why is that so cool?

It’s gonna make kala go whooooo! Right?

That’s what we’re doing for kala.

Quite obviously R Network’s first affiliates are current or former Nui kala token bagholders.

In attempt to resuscitate interest in kala, Nui recently announced a “Kala Deals” e-commerce platform (try not to roll your eyes).

Pertaining to Smith’s comments above, Nui getting kala listed on a public exchange is simply marked “future”.

So if R Network’s product isn’t ready, why the heck are they gearing up to launch their MLM opportunity now?

The compensation plan side of the R Network presentation was hosted by Jeremy Jenkins.

In the next week, you guys are all gonna get loaded in the system.  And you’ll get the opportunity to pay your subscription fee.

There is a code, that if you were a Nui member, because of my past, you get a discount based on the fact you were a Nui member.

R Network affiliates are being charged $65 and then $35 a month.

Affiliates need to keep paying $35 a month to remain commission qualified. Commissions are paid on recruited affiliates, who also pay $35 a month fees.

Everybody in here has the opportunity to make a full time income, even before we roll the card out.

How much of a discount Nui affiliates receive is not disclosed.

Note that previously and despite Richard Smith being a co-founder of the company, Nui has stated it has nothing to do with R Network.

R Network pays recruitment commissions via a 3×10 matrix.

A 3×10 matrix places an R Network affiliate at the top of a matrix, with three positions directly under them:

These three positions form the first level of the matrix. The second level of the matrix is generated by splitting these first three positions into another three positions each (9 positions).

Levels three to ten of the matrix are generated in the same manner, with each new level housing three times as many positions as the previous level.

Positions in the matrix are filled via direct and indirect recruitment of R Network affiliates.

Filled positions in the matrix generate upfront and residual commissions:

  • $11.50 on the direct recruitment of up to three affiliates and then $2.50 a month
  • $2 per recruited matrix team affiliate who pays their $35 monthly fee.

In addition to paying $35 a month, R Network affiliates also have to personally recruit to unlock commissions on matrix team levels:

  • recruit one affiliate to unlock the first matrix level
  • recruit two affiliates to unlock the second matrix level
  • recruit three affiliates to unlock the third matrix level
  • recruit four affiliates to unlock the fourth matrix level
  • recruit five affiliates to unlock the fifth matrix level
  • recruit six affiliates to unlock the sixth matrix level
  • recruit seven affiliates to unlock the seventh matrix level
  • recruit eight affiliates to unlock the eighth matrix level
  • recruit nine affiliates to unlock the tenth matrix level

Note that recruited affiliates must be paying $35 a month to satisfy the above qualification criteria.

Commissions payable to affiliates who don’t maintain their $35 a month fee payment are rolled up.

In addition to affiliate fees, when RevvCard launches and the banking channels are set up, R Network will also pay 1% of money spent through RevvCard debit accounts and 1% of mortgage payments made within the network.

RevvCard sales will also generate $10 one-time to pay across the matrix ($1 per level).

We’re gonna prelaunch starting the first of May. And we’re gonna build out our teams until we’re actually selling cards.

With 100% of commissions paid out tied to recruitment, R Network is prelaunching as a pyramid scheme.

Considering Jeremy Jenkins credits Richard Smith with authoriting Wake Up Now’s compensation plan, perhaps that’s not all that surprising.

WakeUpNow was a pyramid scheme that collapsed in early 2015. It is believed to have caused tens of millions of dollars in losses.

In addition to pyramid fraud, pay to play is also a regulatory concern within R Network.

The pay to play element of R Network sees affiliates forced to pay a $35 monthly fee.

Non-payment of this fee sees affiliates forfeit earned recruitment commissions.

Perhaps nowhere is this better illustrated, than in Richard Smith’s observation that R Network affiliates might want to cover $35 fees, in order to earn more.

Part of the KYC is everyone’s gonna have a mugshot.

The graphic artist guys are gonna snip it out … so you’re gonna see the faces of everybody.

If they don’t go processed through, there’ll be a red circle around them. And you can hit that red circle and call them … to say, “what I gotta do to help ya?”

You may from time to time want to pay the $35. Cause if you got 2700 people on tier ten it’s worth the thirty-five flippin’ bucks to go make whatever that is.

Worse still, Jenkins states R Network will use fear of loss emails (based on calculated earnings), to encourage affiliates to pay fees.

Basically $5 per person, on average, is what we’re gonna get paid for every person in our (matrix).

So if you had a full matrix, 88,572 times five… holy cow! *laughter*

And while at some point down the track R Network might introduce retail RevvCard customer requirements, affiliates who sign up now are being told they’ll never have to worry about it.

You never have to worry about customers if you come in on this prelaunch.

An MLM without retail customers is a pyramid scheme. And not only are pyramid schemes illegal, they mathematically guarantee that the majority of participants lose money.

Specifically in R Network this comes down to the $35 monthly fee. Once recruitment dies down, those at the bottom of the company-wide matrix are going to be losing $35 a month.

They stop paying their monthly fee, meaning those above them stop getting paid.

They eventually stop paying their fees and so on and so forth, until eventually an irreversible collapse is triggered.

I’m looking at people in this audience who I believe will make unbelievable money.

Throw in potential banking regulation red flags (I can’t say for sure because we don’t know any specifics yet), and there’s a whole lot for regulators to go after R Network for.


Update 19th March 2021 – As of March 2021, R Network has effectively been merged into iX Global.