Sport Social Market Review: Bitcoin based virtual share trading
Sport Social Market provide no corporate contact details on their website.
The Sport Social Market Terms and Conditions however state the company is owned by “YOKA TÉCNICA S.L” and that the agreement is bound to the ‘legislation and jurisdiction of Barcelona, Spain‘.
Yoka Tecnica is a Spanish corporation who cite their primary business as the “development of recreation, entertainment and investment”.
The Sport Social Market website identifies Toni Freixia (President) and Rafael Moya (CEO) as co-founders of the company. Presumably the two also co-own Yoka Tecnica.
Freixia has a legal background with a practice that specializes in Civil, Merchant, Procedural and Sports law.
Freixa doesn’t appear to have an MLM history, which is where Rafael Moya comes in.
In 2013 Moya was promoting the Lucrazon Global Ponzi scheme. He seems to have taken a break from MLM after Lucrazon Global collapsed in 2014.
Read on for a full review of the Sport Social Market MLM opportunity.
The Sport Social Market Product Line
Sport Social Market has no retailable products or services, with affiliates only able to market Sport Social Market affiliate membership itself.
The Sport Social Market Compensation Plan
The Sport Social Market compensation plan sees affiliates invest in five offered packages:
- Amateur Pack – €146.78 EUR
- Junior Pack – €524.20 EUR
- Senior Pack – €1048.40 EUR
- Pro Pack – €3145.20 EUR
- Pro Plus Pack – €5242 EUR
Commissions and bonuses attached to the above investment packages are detailed below.
Recruitment Commissions
Sport Social Market affiliates are paid a 5% referral commission on funds invested by personally recruited affiliates.
Residual commissions on funds invested are also paid out via nine levels of recruitment.
At the time of publication specific percentages paid out across the nine available levels were unavailable.
Voucher Trading
Sport Social Market affiliate membership and investment packages each come with vouchers.
Affiliate membership generates one voucher and the investment packages as follows:
- Amateur Pack (€146.78 EUR) – 7 vouchers
- Junior Pack (€524.20 EUR) – 25 vouchers
- Senior Pack (€1048.40 EUR) – 50 vouchers
- Pro Pack (€3145.20 EUR) – 8 vouchers (??)
- Pro Plus Pack (€5242 EUR) – 8 vouchers (??)
The above figures are taken directly from an official Sport Social Market presentation. It is assumed the voucher numbers for the Pro and Pro Plus Pack are incorrect.
Vouchers are tradeable internally within Sport Social Market.
An affiliate with a voucher sets a sale price and another affiliate can purchase the voucher at that price.
Vouchers are otherwise useless and hold no value outside of the Sport Social Market income opportunity.
Residual Commissions
Residual commissions in Sport Social Market are paid 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 is made up of two positions. The second level of the binary team is generated as required, by splitting each of the two level 1 positions into another two positions each.
Subsequent levels of the binary team are generated as the team grows, with positions filled via direct and indirect recruitment of new Sport Social Marketing affiliates.
At the end of each day investment volume is tallied up on both sides of the binary using the following point values:
- Amateur Pack – 140 points
- Junior Pack – 500 points
- Senior Pack – 1000 points
- Pro Pack – 3000 points
- Pro Plus Pack – 5000 points
Sport Social Market affiliates are paid 10% of the points generated on the weaker binary side.
Note that the following qualification criteria and daily binary earning caps also apply:
- Amateur Pack (must recruit at least two affiliates who invest) – €500 EUR a day
- Junior Pack (generate 500 points of investment volume annually) – €1000 EUR a day
- Senior Pack (generate 1000 points of investment volume annually and – €3000 EUR a day
- Pro Pack (no qualification criteria available) – €10,000 EUR a day
- Pro Plus Pack (no qualification criteria available) – €25,000 EUR a day
Residual Matching Bonus
Sport Social Market affiliates earn a matching bonus on residual binary commissions their unilevel downline earns.
The Residual Matching Bonus is capped at four levels of recruitment.
How much a Sport Social Market affiliate can earn is determined by how much they’ve invested:
- Amateur Pack – does not qualify for matching bonus
- Junior Pack – 20% match on level 1 (personally recruited affiliates)
- Senior Pack – 20% match on level 1 and 10% on level 2
- Pro Pack – 20% match on level 1 and 10% match on levels 2 and 3
- Pro Plus Pack – 20% match on level 1 and 10% match on levels 2 to 4
Global Sales Bonus
Sport Social Market affiliates can qualify for a share in 3% of funds invested company-wide.
Qualification criteria for the Global Sales Bonus was not available at time of publication.
Joining Sport Social Market
Sport Social Market affiliate membership costs €45 EUR annually plus investment in one of five packages:
- Amateur Pack – €146.78 EUR
- Junior Pack – €524.20 EUR
- Senior Pack – €1048.40 EUR
- Pro Pack – €3145.20 EUR
- Pro Plus Pack – €5242 EUR
The primary difference between the above packages is income potential through the Sport Social Market compensation plan.
Conclusion
Sport Social Market is set up to primarily enrich the company and its staff.
Affiliates hand over real money for vouchers, which are then traded on a completely unregulated virtual share market.
Each voucher acts as a stock share and is traded with other affiliates.
Internal supply and demand drives how much Sport Social Market vouchers are traded for.
Marketing spin sees the vouchers pitched as increasing in value. You invest in vouchers, offload them to another affiliate for a bit of profit, they do the same and so on and so forth.
In reality the opposite is also possible. That being the Sport Social Market internal exchange crashes due to a glut of vouchers.
This, in my opinion, is far more likely to happen over the price of vouchers perpetually increasing. This is due to the fact the Sport Social Market vouchers are absolutely worthless outside of the virtual share market.
They exist only to entice affiliates to hand over real money to Sport Social Market’s owners, who are the only ones guaranteed a profit on the sale of vouchers at a set price.
The vouchers cost Sport Social Market nothing to produce, so minus commissions paid out that’s 100% profit for the company.
Regardless of whether Sport Social Market internal vouchers increase or decrease in selling price, the company is running an unregulated virtual stock exchange.
There’s no information on the Sport Social Market website indicating the company has registered itself with an appropriate regulator in any jurisdiction.
The rest of the Sport Social Market compensation plan is pyramid recruitment, which directly and residually pays existing affiliates to recruit new affiliate investors.
Once Sport Social Market affiliate recruitment dies down, the voucher price will crash and recruitment commissions stop.
Both of these signal a collapse, which will result in the majority of Sport Social Market affiliates losing money.
I suppose at some point Toni Freixia’s legal background is going to come into play, with marketing suggesting he wouldn’t have anything to do with a fraudulent scheme.
It’s important to note however that Freixa doesn’t practice financial or MLM law.
And even if he did, that doesn’t excuse or justify Sport Social Market’s obviously fraudulent business model.
The fact that bitcoin is Sport Social Market’s favored method of payment is also a point of contention.
When it inevitably collapses, the use of bitcoin is going to make fund recovery for victims all the more difficult. Great for Toni Freixia and Rafael Moya, not so great for Sport Social Market affiliates.
Something is fishy here.
Tony Freixa is currently the legal rep for FC Barcelona (the soccer team) and is candidate to run the entire team ? Why would he want to put his fingers in an MLM?
No idea. I thought it was bogus too but Freixa appears in YouTube videos with the other two promoting Sport Social Market.
I do not understand how they have not put the photo and the name of the most problematic person in the MLM industry.
Mr. Israel Guerrero, he offered Lucrazon with Rafael Moya, Los Pelayo Club afterwards and other frauds of the past. Now it is offering for Spain and Latin America Sport Social Market and they use the image of FC Barcelona and other traders.
They are vulgar criminals, they always work the matrix 3×6, 3×10 they are the first in the pyramid and then nothing works.
Mr.Chang, Mr.Freixa was a candidate to president the F.C.Barcelona in 2015 and he fails.
He lost a lot of money and he need some backup to get welthy again, unfortunately he works for a company who created the idea of Sports Trading: IndeXsport.
After 1 year without results and having a big salary, the company request for results and he decided to involve MLM “experts” Moya and Guerrero for promoting the business.
Jorge presented you very well who are those people, involved in three other multilevel companys ended 2 of them as Scam (Lucrazon Global/Los Pelayos) and Organo Gold you know how is working under suspicious actually, and they were always working in the same positions, Global Master Distributor for Guerrero the (Big Talking Bullshit Man) and Moya as CEO.
Obviously they have no other experience or succes in any companys, people who moves around manipulating people talking about dreams and smoke…
Freixa left the company and 2 weeks later he promote Sport Social as own company, actually in the court of Barcelona there is a Criminal Investigation against Sport Social Market and his corporate members for that reason, will see what happens…
In my opinion he ask for help to the creator of IndeXsport and he take the opportunity because his professional influence to steal the project, thats why he would be in a MLM company.
Right now there is nothing more than a lot of people angry, requesting our money back, as you can see I am one of them, who tries to focus all attention in the unethical movements of the company. You can find some videos in youtube talking about that.
Lots of people are manipulated just for the profit of some in the corporate and in the top of pyramid scheme, the only ones who gets a real profit for offering nothing, actually there is no one product on the market, so as they promise in September to start the market, and never happens we are in front of a ponzi scheme.
You should know that the company does not want to refund the money to all those who dont want to continue in this big smoke history and the company refuses that option because 14 days pased after paying for the product!!! Really?
I cannot recommend to invest in this, I agree 100% in that review, this a system, concieved to get money to the top of the company and the Pyramid Scheme, creating losts to the 97% of the people involved.