World Crypto Life : Given the turbulence of digital assets, investing in the bitcoin market has been difficult. One of the platforms that has drawn interest from investors as a place where they can profit from multi-level marketing is World Crypto Life.

In our global crypto life review, we’ll go deep into the company’s history and what it has to offer before deciding whether it is a genuine investment opportunity or another scam that you should stay away from.

What is World Crypto Life?

World Crypto Life is a cutting-edge platform that brings together the advantages of numerous businesses to offer its members a range of benefits. In the same way as Orbs, Keep Network, and Conflux are a part of the Bitcoin digital world, so are they.

This business prides itself on being innovative, creative, and team-oriented in order to offer competitive goods and services through their GPoint Market, which is accessible to you over a global network.

To maximise prospects for members and boost awareness in the digital sphere, World Crypto Life has its very own token, called the IMC token, as well as a blockchain exchange.

The business takes pleasure in being an avant-garde cryptocurrency platform that promises to give its users financial freedom. Recently, they created a worldwide banking arrangement with Bank of America that is powered by IM FinServices, LLC. Users with a debit card from Bank of America and a major US bank account can access it from anywhere in the world.

According to them, their goal is to offer a solution for people who want to improve their financial situation and develop a lifestyle that allows them to spend more time and freedom with their family and friends.

Who is Behind World Crypto Life?

WorldCryptoLife.com, the company’s domain, was registered in July 2020.

However, there is no information about the company’s owner or the platform administrator on the world crypto life website.

Further investigation revealed Francis Yoon to be the company’s CEO and the person in charge of the platform.

Yoon lives in California, according to his social media profiles. He served as the executive director of Epika Global, a multi-level marketing company. However, because it is a disbanded partnership with no executives, it was a failure.

Chris Principe, the COO of World Crypto Life, was also identified by us.

Chris has ties to several cryptocurrency-related frauds, including OneCoin. He has been particularly outspoken about his support for this alleged cryptocurrency scam, stating that he was fascinated by the technology behind OneCoin and its blockchain.

He also states that he agrees with Dr. Ignatova’s purported theories about international economies.

Don’t forget that OneCoin crashed in the beginning of 2017, and Ruja Ignatova and other executives were charged with crimes in the US.

Principe signed a PR agreement with Skyway Capital after OneCoin failed, but Skyway Capital pulled out, bringing up Principe’s relationship with OneCoin. Principe then filed a lawsuit against Timothy Curry, a member of OneCoin, for alleged defamation.

The two are not given any other details.

Joining World Crypto Life

A site like World Crypto Life would be expected to not offer any retail goods or services. The company’s affiliate package must be purchased in order to participate.

Users must invest between $100 and $25,000 to be eligible to participate in WorldCryptoLife.com’s whole revenue system. These are the packages:

• Member Package for which you have to invest $100.
• Elite Member Package for which you have to invest $500.
• VIP Member Package for which you have to invest $2000.
• IMEX5 Package for which you have to invest $5000.
• IMEX10 Package for which you have to invest $10000.
• IMEX25 Package for which you have to invest $25000.

It’s vital to keep in mind that the company is asking for a sizable investment, especially given the fact that it’s a brand-new platform. There is no assurance that you will be able to turn a profit from the business at all.

World Crypto Life’s Compensation Plan

World Crypto Life affiliates invest in IMC and IMEX shares. Affiliate investors do this in the hopes of earning more than they had invested.

In order to assist new investors by enabling them to withdraw their subsequent deposits, World Crypto Life retains all new investments for a minimum of six months.

The business makes sure that the money you put in its cryptocurrency tokens will finally be released at a rate of 10% each month. Investments are taken into account when calculating commissions and bonuses at a rate of 80%.

A MLM structure is also present in World Crypto Life, meaning that affiliate investors are compensated for bringing in new affiliates.

All commissions and bonuses from World Crypto Life are paid out as 70% Gpoints (Global points) and 30% unlocked IMC tokens.

Through the affiliate backoffice, Gpoints can be withdrawn for Ethereum, Cardano, or onto a Visa debit card.

Affiliates are asked to use affiliate links to entice new investors to join the scheme. They have a greater chance of rising up the ranks and making more money if they are more productive.

The following commissions are available to affiliates:

World Crypto Life’s Products and Services

World crypto life does not offer any retail products or services.

The only way to participate in the company is to buy its affiliate package and market the affiliate membership itself.

The affiliate packages include:

• Member Package- invest $100 and receive $100 worth of IMC
• Elite Member Package- invest $500 and receive $500 worth of IMC
• VIP Member Package- invest $2000 and receive $2000 worth of IMC
• IMEX5 Package- invest $5000 and receive $2500 worth of IMC and 5000 IMEX shares
• IMEX10 Package- invest $10000 and receive $5000 worth of IMC and 10,000 IMEX shares
• IMEX25 Package- you invest $25000 and get $12,500 worth of IMC and 25,000 IMEX shares

World Crypto Life Investment Affiliate Ranks

World Crypto Life’s compensation plan includes five affiliate ranks that have different qualification criteria.

They are as follows:

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 binary team’s first level has two slots. By dividing these initial two slots into two more positions of each (4 positions total), the binary team’s second level is created.

The binary team is formed in stages, with each stage containing twice as many slots as the preceding stage.

Direct and indirect affiliate recruitment is used to fill positions on the binary team. The depth to which a binary team can grow is unbounded.

Each day’s fresh investment volume on both sides of the binary team is totaled by World Crypto Life at the end of the day.

Affiliates receive 10%–15% of the money spent on the side of their inferior binary team.

In order to calculate exact residual commission payments,

• 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:

The initial level of the matrix is made up of these three places. By dividing these first three slots into another three positions each, a total of nine positions are created, making up the second level of the matrix.

The matrix is constructed from level three to level fifteen, with each level containing three times as many spots as the one before it.

A fraction of the money invested each month across the matrix is used to calculate residual matrix commissions.

Again, the amount a World Crypto Life affiliate invested when they signed up determines how many matrix levels they will profit on:

• 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

Pros of World crypto life

• Is designed to integrate modern crypto marketing and trading techniques to provide maximum profits.
• Meant to be a global crypto platform that is catering to a large number of users all over the world.

Cons of World crypto life

• Supposed founders have a bad history with Ponzi schemes.
• The company is using IMC crypto tokens to handle transactions which are useless coins in reliable crypto exchanges.
• It does not provide any reliable information about its origins and the website has no addresses.
• The company’s sole income is new investments which make sit similar to a pyramid scheme
• They are not authorised thus are committing securities fraud by selling their shares to affiliates.
• Though they claim to, they have no proof of ties to Wyoming Registration and neither do they work with the state government.
• Their claim to use advanced blockchain technology is not believable as it is a new platform that is unlikely to have access to any of the innovative crypto tools and technologies.
• World Crypto Life have admitted to obtaining BOA debit cards through a shell company known as IM FinServices LLC.

Conclusion

The best approach to generate money online is not with the world of crypto. For instance, the fact that its founders have connections to several ponzi schemes is already cause for concern. Additionally, this company’s genesis is unclear, and no addresses are given.

Outside of the world of cryptocurrencies, the IMC tokens utilised are meaningless. As a result, as an affiliate, you run the risk of losing our investment if you can’t cash in your winnings. Some early investors want to use IM Exchange to withdraw their later investments.

The company’s revenue is reliant on new investments, which will eventually run out and cause the organisation to fail.

This business strategy is ineffective since it takes a lot of time and effort to find new employees in order to turn a profit. In the end, the business will fail from a hiring shortage, and you will lose your investment.

The fact that neither the business nor its respective owners have registered with the SEC or submitted audited financial reports further proves that they are engaging in security fraud. Their relationship with Bank of America is a fraud as well because they openly acknowledged obtaining counterfeit debit cards from a phoney business.

Wyoming, the most crypto-friendly state in the US, is frequently mentioned in the world of crypto. They are not collaborating with Wyoming state government officials, thus this is all a façade.

Overall, the disadvantages outweigh the advantages, thus you should avoid participating in this fraud.