Monetriza Review: Altcoin dump laundering with pyramid recruitment

Monetriza provides no information on their website about who owns or runs the business.

The Monetriza website domain (“monetriza.com”) was privately registered on October 12th, 2017.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

Monetriza Products

Monetriza has no retailable products or services, with affiliates only able to market Monetriza affiliate membership itself.

The Monetriza Compensation Plan

Monetriza affiliates invest $300 to $1500 and receive the current value equivalent of dumped altcoin cryptocurrencies.

  • $300 package = $300 worth of dumped altcoins
  • $500 package = $500 worth of dumped altcoins
  • $1500 package = $1500 worth of dumped altcoins

Monetriza don’t specify which altcoins affiliates will receive, but do state the $1500 package comes “with at least 20 different set(s) of coins”.

Direct Recruitment Commissions

Monetriza affiliates are paid a direct recruitment commissions for each affiliate they personally recruit.

  • regular affiliates earn $20 per affiliate recruited
  • franchisee affiliates earn $25 per affiliate recruited

Residual Recruitment Commissions

Monetriza pay residual recruitment commissions via a 2×24 matrix compensation structure.

A 2×24 matrix places an affiliate at the top of a matrix, with two positions directly under them.

Level two of the matrix is generated by splitting these first two positions into another two positions each (4 positions).

Levels three to twenty-four of the matrix are generated in the same manner, with each new level housing twice as many positions as the previous level.

Positions in the matrix are filled via direct and indirect recruitment of Monetriza affiliates.

Commissions paid on filled positions across the 2×24 matrix are as follows:

  • level 1 – $20 commission per position filled (2 positions)
  • level 2 – $16 commission per position filled (4 positions)
  • level 3 – $12.80 commission per position filled (8 positions)
  • level 4 – $10.24 commission per position filled (16 positions)
  • level 5 – $8.19 commission per position filled (32 positions)
  • level 6 – $6.55 commission per position filled (64 positions)
  • level 7 – $5.24 commission per position filled (128 positions)
  • level 8 – $4.19 commission per position filled (256 positions)
  • level 9 – $3.36 commission per position filled (512 positions)
  • level 10 – $2.68 commission per position filled (1024 positions)
  • level 11 – $2.15 commission per position filled (2048 positions)
  • level 12 – $1.72 commission per position filled (4096 positions)
  • level 13 – $1.37 commission per position filled (8192 positions)
  • level 14 – $1.10 commission per position filled (16,384 positions)
  • level 15 – $0.88 commission per position filled (32,768 positions)
  • level 16 – $0.70 commission per position filled (65,536 positions)
  • level 17 – $0.56 commission per position filled (131,072 positions)
  • level 18 – $0.045 commission per position filled (262,144 positions)
  • level 19 – $0.36 commission per position filled (524,288 positions)
  • level 20 – $0.29 commission per position filled (1,048,576 positions)
  • level 21 – $0.23 commission per position filled (2,097,152 positions)
  • level 22 – $0.18 commission per position filled (4,194,304 positions)
  • level 23 – $0.15 commission per position filled (8,388,608 positions)
  • level 24 – $0.12 commission per position filled (16,777,216 positions)

Note that direct and residual commissions are annual, subject to ongoing payment of Monetriza affiliate membership fees.

A “Leadership Bonus” for every one hundred affiliates placed in the matrix is also mentioned, however specifics are not provided.

Joining Monetriza

Basic Monetriza affiliate membership is $150 a year.

Franchisee membership is $3000 with the requirement the applicant already has an office in their country of residence.

The primary difference between basic and franchisee affiliate membership is increased commission rates in the Monetriza compensation plan.

Note that regardless of whether basic or franchisee affiliate membership is chosen, full participation in the Monetriza income opportunity requires an additional $300 to $1500 investment.

Conclusion

God a few worthless altcoins lying about?

You could either sell them at the current rate and take the loss, or start up your own MLM company to launder them through.

And so we have Monetriza, a combination of altcoin dump and pyramid recruitment.

For $300 to $1500, Monetriza’s anonymous admins will happily dump their altcoins onto you for whatever the going rate is.

There’s a reason the names of the altcoins aren’t provided. CoinMarketCap currently tracks 1818 altcoins, most of which are worthless garbage.

Once received, Monetriza affiliates can do whatever they want with the altcoins.

Hold them as the value further decreases or sell them immediately to minimize losses. Your choice.

The other side of Monetriza is straight pyramid recruitment.

Cough up $150, recruit others who do the same and get paid. Once recruitment slows down, so do commissions.

In that sense both components of Monetriza’s business model rely on constant recruitment.

Pyramid recruitment collapsing is a given, but it also means Monetriza’s anonymous admins will have nobody to dump altcoins onto.

And $3000 for a franchisee license that bumps the personal recruitment commission rate from $20 to $25? Totally worth it.

Let’s block ads! (Why?)

This RSS post was syndicated from, http://behindmlm.com

Be the first to comment

Leave a Reply