Worldwide Cryptocurrency Investment: Edward Hartley goes rogue
World Cryptocurrency Investment provide no information on their website about who owns or runs the business.
The World Cryptocurrency Investment website domain (“my-wci.com”) was privately registered on January 31st, 2017.
Further research reveals Edward Hartley crediting himself as co-founder of the company, in a World Cryptocurrency Investment video dated June 21st.
Hartley does not disclose who the other co-founder(s) of World Cryptocurrency Investment are.
In early 2016 Hartley had a brief stint as Vice President of Global Sales at Visi.
At the time of publication World Cryptocurrency Investment is primarily marketed in Vietnam. Alexa estimate that pretty much all traffic to the Wold Cryptocurrency Investment originates out of the country.
Read on for a full review of the World Cryptocurrency Investment MLM opportunity.
World Cryptocurrency Investment Products
World Cryptocurrency Investment has no retailable products or services, with affiliates only able to market World Cryptocurrency Investment affiliate membership itself.
The World Cryptocurrency Investment Compensation Plan
World Cryptocurrency Investment affiliates invest on the promise of daily ROI payouts.
- Bronze – no daily ROI payment
- Silver – invest $500 and receive $3 to $6 a day for 225 days
- Gold – invest $1000 and receive $6 to $12 a day for 300 days
- Platinum – $5000 and receive $35 to $64 a day for 375 days
- VIP – $10,000 and receive $85 to $150 a day for 450 days
Every 75 days World Cryptocurrency Investment charges affiliates a 35% fee (35% of ROI payments over the past 35 days).
Investment Referral Commissions
World Cryptocurrency Investment affiliates receive a 10% to 25% referral commission on funds invested by personally recruited affiliates.
- Bronze affiliates receive 10% on all invested funds
- Silver affiliates receive 15% on all invested funds
- Gold affiliates receive 15% on funds invested by Silver affiliates and 20% on all other invested funds
- Platinum affiliates receive 15% on funds invested by Silver affiliates, 20% on funds invested by Gold affiliates and 22% on funds invested by Platinum and VIP affiliates
- VIP affiliates earn 15% on funds invested by Silver affiliates, 20% on funds invested by Gold affiliates, 22% on funds invested by Platinum affiliates and 25% on funds invested by VIP affiliates
Residual Referral Commissions
World Cryptocurrency Investment pay residual referral commissions 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 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 that there is no limit to how deep a binary team can grow.
Each World Cryptocurrency Investment affiliate package generates a set number of points:
- Bronze packages generate 80 points
- Silver packages generate 400 points
- Gold packages generate 800 points
- Platinum packages generate 4000 points
- VIP packages generate 8000 points
Affiliates are paid up to 12% on matched point volume on both sides of their binary team:
- Bronze affiliates earn 6% of matched points (capped at $1000 a week)
- Silver affiliates earn 8% of matched points (capped at $2500 a week)
- Gold affiliates earn 10% of matched points (capped at $5000 a week)
- Platinum affiliates earn 11% of matched points (capped at $10,000 a week)
- VIP affiliates earn 12% of matched points (capped at $50,000 a week)
World Cryptocurrency Investment affiliates are paid recruitment commissions via a 3×18 matrix.
A 3×18 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 three positions into another three positions each (9 positions).
Levels two to eighteen 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 invested World Cryptocurrency Investment affiliates.
World Cryptocurrency Investment affiliates are paid $10 per affiliate recruited into their matrix.
How many matrix levels each affiliate can earn on is determined by how much they’ve invested:
- Bronze affiliates earn on three matrix levels
- Silver affiliates earn on six matrix levels
- Gold affiliates earn on nine matrix levels
- Platinum affiliates earn on fourteen matrix levels
- VIP affiliates earn on eighteen matrix levels
Rank Achievement Bonus
World Cryptocurrency Investment offer a Rank Achievement Bonus, which is either a pool based bonus or additional percentage of invested funds.
I’m going off an official compensation plan in Vietnamese so I’m not 100% sure on which way the Rank Achievement Bonus is paid out
Joining World Cryptocurrency Investment
World Cryptocurrency Investment affiliate membership is available in five levels:
- Bronze – $100 (no daily ROI)
- Silver – $500
- Gold – $1000
- Platinum – $5000
- VIP – $10,000
The primary difference between the above affiliate memberships is income potential via the World Cryptocurrency Investment compensation plan.
Note that all payments into and out of World Cryptocurrency Investment are made in bitcoin.
As far as I can tell, Edward Hartley’s stint at OneCoin was brief.
He was signed up by Igor Alberts in mid to late 2016 and by the end of the year had left.
Considering the marketing hype pushed out when Hartley announced he’d joined OneCoin, his quiet departure was pretty conspicuous.
What’s peculiar about Worldwide Cryptocurrency Investment is that it isn’t so much “worldwide” as it is entirely being pitched to the Vietnamese.
As evidenced by translators present at Edward Hartley’s promotional events in Vietnam, Hartley himself doesn’t speak Vietnamese.
If I had to guess, Hartley’s partners in Worldwide Cryptocurrency Invest were responsible for OneCoin growth in Vietnam.
Hartley would have been given a plumb OneCoin position under Igor Alberts when he signed up.
With OneCoin starting to collapse and a bunch of leaders leaving in late 2016, Worldwide Cryptocurrency Investment is an attempt to remilk Vietnamese investors who lost money in OneCoin.
The ruse behind Worldwide Cryptocurrency Investment is cryptocurrency trading.
While the company does provide fixed daily ROI payments in dollars, no evidence or proof of cryptocurrency trading exists.
The only identifiable source of revenue entering Worldwide Cryptocurrency Investment is affiliate investment, the use of which to pay a daily ROI makes it a Ponzi scheme.
Evidently the Worldwide Cryptocurrency Investment apple hasn’t fallen far from the OneCoin tree.
As with all Ponzi schemes, once affiliate recruitment slows down so too will newly invested funds.
This will see Worldwide Cryptocurrency Investment unable to meet its ROI obligations, prompting a collapse.
As with OneCoin, once that happens the majority of Worldwide Cryptocurrency Investment affiliates will lose money.
Given that all investments into Worldwide Cryptocurrency Investment are made in bitcoin, good luck recovering your funds once Hartley does a runner.
Update 21st July 2017 – According to a report from VN Express International, Edward Hartley passed away on Wednesday, 17th July.
An initial investigation found the man, identified as Edward Hartley, 53, was at the clinic on Su Van Hanh Street in District 10 to have some loose skin removed from around his hip.
During the procedure he went into a fit and died shortly after.
As noted in the review, Hartley had been heavily promoting Worldwide Cryptocurrency Invest in Vietnam prior to his death. What this will mean for Worldwide Cryptocurrency Invest going forward is unclear.
Update 19th November 2017 – Worldwide Cryptocurrency Investment has been renamed “Worldwide Cryptocurrency International, and is continuing on without Hartley.
As the above promotional image shows, the company is now being headlined by Daniel Grenon (Co-founder and Global Master Distributor) and Touhid Rahman (Top Leader):
Both Grenon and Rahman are former OneCoin scammers.