World Crypto Life provides no information about who owns or runs the company on its website.

World Crypto Life’s website domain (“worldcryptolife.com”) was first registered in July 2020. The private registration was last updated on July 23rd, 2021.

Further research reveals Francis Yoon citing himself as CEO of World Crypto Life on LinkedIn.

According to Yoon’s LinkedIn profile, he’s based out of California in the US.

Prior to launching World Crypto Life in mid 2020, Yoon (right) was CFO of Epika Global.

Epika Global appears to be a failed crypto bro venture.

Interestingly enough, despite only citing himself as CFO of Epika Global, Yoon appears to have owned and run the company.

Yoon was the sole Director of Epika Global, an abandoned Californian corporation. I wasn’t able to find any other Epika Global executives.

I did find one other World Crypto Life executive, Chris Principe.

Principe made a name for himself as a staunch supporter of the OneCoin Ponzi scheme.

When I first heard about OneCoin, I thought it was either a scam or a pyramid scheme.

After researching further and getting an opportunity to interview Dr. Ignatova, I was absolutely impressed with the technology backing OneCoin and their block chain, as well as excited about their vision for today’s economy.

OneCoin collapsed in early 2017. Founder Ruja Ignatova and several executives are facing criminal charges in the US.

After OneCoin, Principe struck up a PR deal with the notorious Russian Ponzi scheme Skyway Capital.

Skyway Capital backed out of the deal, citing Principe’s involvement in OneCoin.

We learnt this through a defamation lawsuit Principe filed against prominent OneCoin critic Timothy Curry.

The lawsuit was confidentially settled in April 2018.

Now Principe has popped up as World Crypto Life’s Chief Operating Officer:

Read on for a full review of World Crypto Life’s MLM opportunity.

World Crypto Life’s Products

World Crypto Life has no retailable products or services.

World Crypto Life affiliates are only able to market World Crypto Life affiliate membership itself.

World Crypto Life’s Compensation Plan

World Crypto Life affiliates invest in IMC and IMEX shares.

  • Member – invest $100 and receive $100 worth of IMC
  • Elite Member – invest $500 and receive $500 worth of IMC
  • VIP Member – invest $2000 and receive $2000 worth of IMC
  • IMEX5 – invest $5000 and receive $2500 worth of IMC and 5000 IMEX shares
  • IMEX10 – invest $10,000 and receive $5000 worth of IMC and 10,000 IMEX shares
  • IMEX25 – invest $25,000 and receive $12,500 worth of IMC and 25,000 IMEX shares

This is done on the expectation affiliate investors will be able to eventually cash out more than they invested.

To favor early investors and allow them cash out subsequently invested funds, World Crypto Life locks up new investments for six months.

Thereafter invested in tokens are released at a rate of 10% each month.

The MLM side of World Crypto Life pays on the recruitment of new affiliate investors.

Note that World Crypto Life pays all commissions and bonuses as follows:

  • 70% is paid in Gpoints
  • 30% is paid in IMC (not locked)

Gpoints are another layer of internal points used within World Crypto Life (discussed further in the review conclusion below).

One other note – for the purpose of commissions and bonus calculation, World Crypto Life counts invested funds at 80%.

World Crypto Life Affiliate Ranks

There are five affiliate ranks within World Crypto Life’s compensation plan.

Along with their respective qualification criteria, they are as follows:

  • 1 Star – sign up at or upgrade to the Elite Member tier or higher and generate $2000 in accumulated weaker binary team side volume
  • 2 Star – sign up at or upgrade to the VIP tier or higher and generate $10,000 in accumulated weaker binary team side volume
  • 3 Star – sign up at or upgrade to the IMEX5 tier or higher and generate $100,000 in accumulated weaker binary team side volume
  • 4 Star – sign up at or upgrade to the IMEX10 tier or higher and generate $500,000 in accumulated weaker binary team side volume
  • 5 Star – sign up at or upgrade to the IMEX25 tier and generate $1,000,000 in accumulated weaker binary team side volume

Recruitment Commissions

World Crypto Life pays recruitment 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.

World Crypto Life caps recruitment commissions at six unilevel team levels.

How many levels recruitment commissions are earned on is determined by how much a World Crypto Life affiliate invests:

  • invest at the Member tier and receive 10% on level 1 (personally recruited affiliates)
  • invest at the Elite Member tier and receive 10% on level 1 and 5% on level 2
  • invest at the VIP Member tier and receive 10% on level 1, 5% on level 2 and 4% on level 3
  • invest at the IMEX5 tier and receive 10% on level 1, 5% on level 2, 4% on level 3 and 3% on level 4
  • invest at the IMEX10 tier and receive 10% on level 1, 5% on level 2, 4% on level 3, 3% on level 4 and 2% on level 5
  • invest at the IMEX25 tier and receive 10% on level 1, 5% on level 2, 4% on level 3, 3% on level 4, 2% on level 5 and 1% on level 6

Residual Commissions (binary)

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.

At the end of each day World Crypto Life tallies up new investment volume on both sides of the binary team.

Affiliates are paid 10% to 15% of funds invested on their weaker binary team side.

Exact residual commission payouts are determined by how much a World Crypto Life affiliate invests when they sign up:

  • Member – 10% residual commission rate, capped at $100 a day
  • Elite – 11% residual commission rate, capped at $500 a day
  • VIP – 12% residual commission rate, capped at $1000 a day
  • IMEX5 – 13% residual commission rate, capped at $2000 a day
  • IMEX10 – 14% residual commission rate, capped at $5000 a day
  • IMEX25 – 15% residual commission rate, capped at $10,000 a day

Once weaker binary team side volume has been paid out on, it is matched against the stronger binary team side and flushed.

Any leftover volume on the stronger binary team side carries over.

Note that a World Crypto Life affiliate must recruit two investing affiliates to qualify for residual binary commissions.

Residual Commissions (matrix)

World Crypto Life pays residual matrix commissions via a 3×15 matrix.

A 3×15 matrix places an 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 fifteen of the matrix are generated in the same manner, with each new level housing three times as many positions as the previous level.

Residual matrix commissions are paid as a percentage of funds invested monthly across the matrix.

How many matrix levels a World Crypto Life affiliate earns on, is again determined by how much they invested when they signed up:

  • invest at the Member tier and receive 1% on matrix levels 1 to 5
  • invest at the Elite tier and receive 1% on matrix levels 1 to 7
  • invest at the VIP tier and receive 1% on matrix levels 1 to 9
  • invest at the IMEX5 tier and receive 1% on matrix levels 1 to 11
  • invest at the IMEX10 tier and receive 1% on matrix levels 1 to 13
  • invest at the IMEX25 tier and receive 1% on matrix levels 1 to 15

Rank Achievement Bonus

World Crypto Life rewards affiliates for reaching accumulated weaker binary team side investment targets.

  • qualify at 1 Star and receive $250
  • qualify at 2 Star and receive $1000
  • qualify at 3 Star and receive $10,000
  • qualify at 4 Star and receive  $20,000
  • qualify at 5 Star and receive $50,000

Gpoint Market Bonus

World Crypto Life takes 20% of revenue generated in their GpointMarket platform and uses it to fund the Gpoint Market Bonus pool.

The 20% Gpoint Market Bonus pool is split into five rank corresponding smaller pools as follows:

  • 1 Star ranked affiliates receive a share in a 5% pool
  • 2 Star ranked affiliates receive a share in a 5% pool
  • 3 Star ranked affiliates receive a share in a 5% pool
  • 4 Star ranked affiliates receive a share in a 3% pool
  • 5 Star ranked affiliates receive a share in a 2% pool

Global Bonus Pool

World Crypto Life takes 3% of company-wide revenue and places it into the Global Bonus Pool.

The 3% Global Bonus Pool is split into five rank corresponding smaller pools as follows:

  • 1 Star ranked affiliates receive a share in a 1% pool
  • 2 Star ranked affiliates receive a share in a 1% pool
  • 3 Star ranked affiliates receive a share in a 0.5% pool
  • 4 Star ranked affiliates receive a share in a 0.3% pool
  • 5 Star ranked affiliates receive a share in a 0.2% pool

Joining World Crypto Life

World Crypto Life affiliate membership requires an initial $100 to $25,000 investment:

  • Member – $100
  • Elite Member – $500
  • VIP Member – $2000
  • IMEX5 – $5000
  • IMEX10 – $10,000
  • IMEX25 – $25,000

Conclusion

With his Epika Global crypto bro platform failing, Francis Yoon has gone full blown crypto Ponzi scheme with World Crypto Life.

From what I’ve been able to gather, Epika Global primarily scammed investors in Vietnam and Japan.

Given World Crypto Life launched right after Epika Global collapsed, it is highly likely victims were carried over as early investors.

To that end I want to emphasize if you didn’t “get in early” mid last year and invest in IMC at 10 cents, you are bait for the inevitable IMC dump.

The current actual IMC internal value is not provided on World Crypto Life’s or its IMC token website.

I should point out here that there’s an Estonian shell company running IMCoin. This has nothing to do with World Crypto Life’s IMC token.

On the in house exchange IM Exchange, World Crypto Life lists IMC at 39 cents. Interestingly enough there’s no volume, suggesting the only trading of IMC is occurring through World Crypto Life.

That is real money is invested into World Crypto Life and only IMC comes out.

In what appears to a ploy to infer approval of US authorities, World Crypto Life makes a great deal about Wyoming.

In a World Crypto Life marketing video, it is also stated that IM Exchange is “is on the way to be operated in the state of Wymoning, USA”.

In that same marketing video, the ties between World Crypto Life, IMC and IM Exchange are really hammed up.

[0:53] We’re working closely with state legislatures, like the state of Wyoming; the most crypto friendly US state, that see this as the next technology wave.

And are crafting laws that will allow new businesses like ours, to achieve their transformative goals.

Utilizing this new technology, while doing so in a legal, legitimate and transparent and secure fashion.

With Yoon based out of California, it appears World Crypto Life and its associated companies have no actual ties to Wyoming.

It follows they aren’t working with the Wyoming state government either.

This isn’t the first time an MLM crypto company has pretended it is working with Wyoming state officials.

In 2018 CGI Limited represented it was “lobbying Wyoming to legalize CGI Limited’s business model”.

CGI Limited’s business model was that of a Ponzi scheme.

Similarly in World Crypto Life you have early investors withdrawing subsequently invested funds through IM Exchange. Or hoping to once their invested in IMC balance is released.

World Crypto Life sets IMC’s internal value, pays out withdrawal requests and runs everything from top to bottom.

In an attempt to lend legitimacy to its Ponzi scheme, World Crypto Life launched Gpoint Market.

The shitcoin ecommerce platform is a cliched ruse. Here we have World Crypto Life appearing to force affiliates to spend through it by paying 70% of earned commissions in Gpoints.

As revealed in a YouTube video uploaded by Benjamin Funsch, aka “Templar Knight Crypto”, Gpoints can be withdrawn for ethereum, cardano or onto a visa debit card through the affiliate backoffice (click to enlarge screenshot below):

Another layer to World Crypto Life’s Ponzi scheme is its newly launched “staking”.

You know the deal. Invest in IMC, park it with World Crypto Life (not that you have any choice), get more IMC, cash out other people’s money.

IM Exchange’s website also mentions “algorithmic trading”. If the company is offering passive returns through automated trading though, they’re keeping it on the down-low for now.

In any event, running an MLM passive investment scheme constitutes a securities offering.

The selling of IMEX shares to World Crypto Life affiliates alone is an irrefutable securities offering.

Even if World Crypto Life were working with authorities in Wyoming, that’s not the equivalent of registering with the SEC and filing audited financial reports.

A search of the SEC’s Edgar database reveals neither World Crypto Life or Francis Yoon are registered.

This means that at a minimum, World Crypto Life is committing securities fraud in the US.

Promotion of unregistered securities is also illegal, meaning anyone promoting World Crypto Life is also committing securities fraud.

The MLM side of World Crypto Life is a pyramid scheme. All commissions are tied to recruitment of affiliates and their investment in IMC. Nothing is marketed to or sold to retail customers.

One last thing I want to address is World Crypto Life’s Bank of America debit card, again a major marketing point.

Bank of America has nothing to do with World Crypto Life.

Our most prominent milestone has been the establishment of a global method of banking with the Bank of America, powered by IM FinServices, LLC, that is accessible all around the world for users by having a major US bank account.

By their own admission, World Crypto Life have obtained BOA debit cards through an ubiquitously named shell company.

IM FinServices LLC is a shell company incorporated in Wyoming. It is likely the only tie World Crypto Life has to Wyoming.

Through this shell company, World Crypto Life has obtained debit cards through an unsuspecting and/or dodgy merchant.

Until suspicious activity is detected through the account and its inevitably frozen, Bank of America will be none the wiser.

You can call up Bank of America corporate and ask them about World Crypto Life. They won’t have any idea what you’re talking about.

As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.

This will starve World Crypto Life of ROI revenue, eventually prompting a collapse.

The math behind MLM Ponzi schemes guarantees that the majority of participants lose money.

 

Update 26th August 2021 – Possibly in response to this review, World Crypto Life has scrubbed mention of IMEX shares from its marketing material.

I believe this is pseudo-compliance however, and those that invested still have their IMEX shares.

The other cosmetic change made is renaming of the IMEX investment tiers:

  • Elite Member –> Senior Member, still $500
  • Bronze Member (new tier) – $1000
  • VIP Member –> Silver Member, still $2000
  • IMEX5 –> Gold Member, still $5000
  • IMEX10 –> Platinum Member, still $10,000
  • VIP Member –> IMEX25, still $25,000

I’m not editing the original review because it’s the complete World Crypto Life compensation plan, including what’s now being hidden.

 

Update 7th April 2022 – Benjamin Funsch has deleted the cited YouTube video from hs “Templar Knight Crypto” channel.

There was a link to the video in the article but as a result of the deletion I’ve disabled it.

 

Update 8th November 2024 – World Crypto Life has collapsed and been rebooted as World E Community.