Hello and thanks for reading my Cryptocurrency Bank MLM Review
If you’re here, then you’re probably looking for a way to make money online.
Is Cryptocurrency Bank MLM an opportunity that has crossed your path?
Its currently in prelaunch with affiliates trying to get people interested.
Maybe you have already been approached by a Cryptocurrency Bank MLM affiliate and you now want to check whether the company is legit or a big nasty scam of some sort.
Either way, you’re here at the best place on the internet to read about the latest MLM opportunities.
In this Cryptocurrency Bank MLM review, I’ll be taking in an in-depth look at the company, checking out their product range and seeing what the compensation plan looks like.
Do they treat their affiliates fairly, or is it all indeed a big scam?
Let’s check it out.
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Cryptocurrency Bank MLM Review – What can you tell me about the Company?
First I checked the domain registrar and found that ccbmlm.com was registered on June 11th 2017.
However, there is no information here regarding who registered the domain. So they obviously don’t want anyone to know who they are.
At the time of writing this it appears according to Alexa traffic stats that Nigeria, Brazil, and the USA are the largest source of traffic to this site.
After yet more snooping around I came across the affiliate agreement for Cryptocurrency Bank MLM. Within that agreement, it states the following: –
“Venue and jurisdiction for any action pertaining to this agreement or any disagreement or claim between the parties hereto shall be in Palm Bach County, State of Florida or in the United States District Court in and for the District of Florida.”
So is Cryptocurrency Bank MLM based in Florida? The the Cryptocurrency Bank MLM website lists a corporate address in Hong Kong!
Along with this the Hong Kong address is owned by Regus! All be confusing and it doesn’t leave a good impression with me
Cryptocurrency Bank MLM Review – What does the Product Line-up look like?
Unfortunately, there is no product range for Cryptocurrency Bank MLM. This is yet another company that only has the affiliate membership itself to sell as the product.
A legit MLM company should always offer products and services for affiliates to market and sell.
Cryptocurrency Bank MLM Review – How does the Compensation Plan Look?
If you were to join this company as an affiliate, the name of the game here is buy matrix positions and get other affiliates on board and persuade them to buy matrix positions for which you get paid a commission.
As an affiliate, when you buy a position and recruit someone else to buy one, you get paid a $10 commission.
On top of this, there are residual commissions to be earned which are paid via 2×20 payment matrix.
For each new affiliate that gets placed within your 2×20 matrix, you receive commission of $2.
How much is it to join Cryptocurrency Bank MLM?
Membership to Cryptocurrency Bank MLM is completely free of charge.
Should you invest in Cryptocurrency Bank MLM or is it a scam?
The Cryptocurrency Bank MLM website, it’s said that the company is, “destine [sic] to be the largest cryptocurrency global bank in the world.”
Really? That’s a claim and a half seeing that they would have whole banking industry to contend with.
What this company really is when you pull back all the claims about banking, is a yet another Ponzi points based MLM underbelly scheme.
The cryptocurrency they talk about is called CCBM, but the issue here is that CCBM is not tradable on the public market..which means that Cryptocurrency Bank MLM have complete control over what its worth.
So what is this $50 worth of CCBM for free – just for signup worth? Not much me thinks.
So what’s the dealio here???
Cryptocurrency Bank MLM is offering its affiliates commissions for recruiting other affiliates, but seeing as affiliate membership is free, where is the money coming from?
The Cryptocurrency Bank MLM website, states the company will remain in prelaunch till September 19, 2017.
From now until then, you are free to join the opportunity and get as many CCBM points as you can by recruiting other people to joinup and do the same thing.
When September 19 comes then the theory is that all those CCBM points will be worth a ton of money ….
But when that day comes, to withdraw these supposed earnings, you’ll first need to hand over real money first.
When you cut through all that is going on here, it is evident that Cryptocurrency Bank MLM is just a combination of a Ponzi and pyramid scheme.
Even if the value of these CCBM points dies rise, it doesn’t change the fact that, these points have no real outside of Cryptocurrency Bank MLM.
In my opinion just give this a miss…you’re probably going to end up losing money with this scheme.
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Well, I hope you found this Cryptocurrency Bank MLM Review interesting, and as always, if you have any questions, please leave them in the comments section below.
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