Freebay was based in June 2020 and is a advertising and marketing reboot of Karatbars Worldwide.
Fairly than simply be trustworthy about it nonetheless, Karatbars has opted to current Freebay as a “partnership”.
A scarcity of transparency leaves Karatbars’ proprietor Harald Seiz’s stake in Freebay unclear.
If I needed to guess Seiz, with probably a number of companions, finally owns Freebay. Throw in a dozen shell firms to create elaborate banking funnels and company secrecy.
Thomas Valet, Karatbars’ Communications Supervisor, admitted as a lot in a latest August thirty first company replace name:
[11:07] This coronary heart now will get a refreshment. There shall be a brand new gross sales firm that shall be launched, unencumbered, with out unfavourable feedback, messages, campaigns or focused misinformations [sic].
The title of this new gross sales firm is … Freebay.
[12:14] Freebay is positioned within the heart of Switzerland. Internationally untouchable, strong, surrounded by worldwide firms, organizations and associations.
On the public-facing facet of the corporate, Freebay is headed up by CEO Jurgen Pulvermuller.
Earlier than fronting the advertising and marketing reboot, Pulvermuller labored as Karatbars’ Head of International Gross sales.
Pulvermuller seems to have gotten concerned with Karatbars on or round 2019. Previous to that he was selling Neora, and earlier than that Filabe and Visalus.
It’s from Karatbars’ gross sales division that each Freebay government I’ve seen to this point has originated from; particularly Norbert Take and Marius Broening.
Learn on for a full evaluate of Freebay’s MLM alternative.
Freebay’s Merchandise
Freebay has no retailable services or products, with associates solely in a position to market Freebay affiliate membership itself.
Freebay affiliate membership offers entry to a video library they name “Freebay Academy”.
Subjects lined inside the library are schooling and cryptocurrency buying and selling.
There may be additionally a nine-lesson “Dealer Academy” module.
Freebay’s Compensation Plan
Freebay associates enroll and spend money on V999 tokens.
Affiliate membership is dealt with via Freebay.
- EVO Academy – €50 EUR month-to-month or €480 EUR yearly
- EVO Skilled – €190 EUR month-to-month or €1820 EUR yearly
- EVO Life – €480 EUR month-to-month or €4600 EUR yearly
V999 funding occurs via their “Genesis Market” inside alternate.
Commissions are paid on recruitment of Freebay associates and V999 token funding.
V999 Token Funding Rewards
All Freebay V999 token traders obtain a each day share in 0.02% of funds invested via the corporate.
A residual 0.02% bonus on V999 token funding is paid down ten ranges of recruitment (unilevel).
Each day Investor Bonus
Freebay rewards its each day high ten largest traders (by transaction quantity), with 0.01% of company-wide funding quantity.
The Each day Investor Bonus is calculated and paid each day.
Freebay Affiliate Ranks
There are twelve affiliate ranks inside Freebay’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- One Star Sapphire – enroll as a Freebay affiliate
- Two Star Sapphire – generate €5000 EUR in downline month-to-month membership payment quantity
- Three Star Sapphire – enroll with EVO Academy or generate €10,000 EUR in downline month-to-month membership payment quantity
- One Star Emerald – enroll with EVO Skilled or generate €15,000 EUR in downline month-to-month membership payment quantity
- Two Star Emerald – enroll with EVO Life or develop a unilevel leg producing €25,000 EUR a month and €15,000 all through the remainder of your unilevel workforce
- Three Star Emerald – develop a unilevel leg producing €50,000 EUR a month and €30,000 EUR via the remainder of your unilevel workforce
- One Star Ruby – develop a unilevel leg producing €100,000 EUR a month and €50,000 EUR via the remainder of your unilevel workforce
- Two Star Ruby – develop a unilevel leg producing €250,000 EUR a month and €150,000 EUR via the remainder of your unilevel workforce
- Three Star Ruby – develop two unilevel legs producing €500,000 and €250,000 EUR a month respectively, and €100,000 EUR via the remainder of your unilevel workforce
- One Star Diamond – develop two unilevel legs producing €1,500,000 and €1,000,000 EUR a month respectively, and €1,000,000 EUR via the remainder of your unilevel workforce
- Two Star Diamond – develop two unilevel legs producing €2,500,000 and €1,500,000 EUR a month respectively, and €1,000,000 EUR via the remainder of your unilevel workforce
- Three Star Diamond – develop two unilevel legs producing €5,000,000 and €2,500,000 EUR a month respectively, and €2,000,000 EUR via the remainder of your unilevel workforce
Recruitment Commissions
Freebay pays a fee on recruited affiliate membership charges.
Recruitment fee charges are primarily based on how a lot a Freebay affiliate pays once they enroll:
- One Star Sapphires earn a 7% recruitment fee price
- Two Star Sapphires earn a 15% recruitment fee price
- Three Star Sapphires (or enroll with EVO Academy) earn a 21% recruitment fee price
- One Star Emeralds (or enroll with EVO Skilled) earn a 23% recruitment fee price
- Two Star Emeralds (or enroll with EVO Life) earn a 25% recruitment fee price
- Three Star Emeralds earn a 26% recruitment fee price
- One Star Rubys earn a 27% recruitment fee price
- Two Star Rubys earn a 28% recruitment fee price
- Three Star Rubys earn a 29% recruitment fee price
- One Star Diamonds earn a 30% recruitment fee price
- Two Star Diamonds earn a 31% recruitment fee price
- Three Star Diamonds earn a 32% recruitment fee price
Be aware that these charges are coded, which means 32% is paid on all Freebay affiliate membership charges paid.
The coded nature of the commissions permits increased ranked associates to obtain the distinction when decrease ranked associates recruit new associates.
E.g. if a Two Star Ruby recruits a brand new affiliate, they’re paid their 28% fee.
This leaves 4% remaining to be paid out. The system searches upline for a Three Star Ruby or increased to pay the remaining 4% out to.
If a Two Star Diamond was discovered first, they’d obtain 3%, leaving 1% payable to the primary upline Three Star Diamond.
Be aware that nothing is handed upline when a Three Star Diamond recruits somebody. Three Star Diamonds obtain the complete payable 32% recruitment fee price.
Residual Recruitment Commissions
Freebay pays residual recruitment commissions through a binary compensation construction.
A binary compensation construction locations an affiliate on the high of a binary workforce, cut up into two sides (left and proper):
The primary degree of the binary workforce homes two positions. The second degree of the binary workforce is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary workforce are generated as required, with every new degree housing twice as many positions because the earlier degree.
Positions within the binary workforce are stuffed through direct and oblique recruitment of associates. Be aware there is no such thing as a restrict to how deep a binary workforce can develop.
Residual recruitment commissions are paid primarily based on quantity generated on recruitment of Freebay associates.
Quantity (GV) throughout the binary workforce is generated as follows:
- EVO Academy month-to-month cost = 2 GV
- EVO Academy annual cost = 24 GV
- EVO Skilled month-to-month cost = 5 GV
- EVO Skilled annual cost = 60 GV
- EVO Life month-to-month cost = 10 GV
- EVO Life annual cost = 120 GV
For each 25 GV matched on one facet of the binary workforce in opposition to 50 GV on the opposite (a pair), a residual recruitment fee is paid out.
The extra pairs generated in per week, the decrease the fee paid on every pair:
- the primary ten pairs pay €25 EUR every
- pairs 11 to 25 pay €20 EUR every
- pairs 26 to 50 pay €18 EUR every
- pairs 51 to 100 pay €17 EUR every
- pairs 101 to 150 pay €16 EUR every
- pairs 151 to 200 pay €15 EUR every
- pairs 201 to 700 pay €14 EUR every
- pairs 701 to 2100 pay €13 EUR every
- pairs 2101 to 4500 pay €12 EUR every
- pairs 4501 to 10,000 pay €11 EUR every
- pairs 10,001 to 30,000 pay €10 EUR every
- pairs 30,001 to 80,000 pay €8 EUR every
- pairs 80,001 to 180,000 pay €5 EUR every
Residual recruitment commissions are calculated weekly and capped at 180,000 matched quantity pairs.
Matching Bonus
Two Star Sapphire to Three Star Sapphire ranked associates obtain a Matching Bonus on personally recruited associates of the identical rank.
- Two Star Sapphires obtain a 5% Matching Bonus
- Three Star Sapphires obtain a 7% Matching Bonus
- One Star Emeralds obtain a ten% Matching Bonus
Ranks increased than One Star Emerald obtain the Era Bonus (see under).
Era Bonus
Freebay pays a Era Bonus to Two Star Emerald and better ranked associates.
The Era Bonus is paid through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel workforce, with each personally recruited affiliate positioned immediately below them (degree 1):
If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel workforce.
If any degree 2 associates recruit new associates, they’re positioned on degree 3 and so forth and so forth down a theoretical infinite variety of ranges.
Freebay caps the Era Bonus at seven unilevel workforce ranges as follows:
- degree 1 (personally recruited associates) – 1%
- ranges 2 and three – 1%
- ranges 4 to six – 2%
- degree 7 – 3%
Automated Buying and selling Returns
Freebay’s EVO Skilled and EVO Life affiliate memberships present entry to passive returns.
- EVO Skilled offers entry to 4 passive return funding choices
- EVO Life offers entry to eight passive return funding choices
Becoming a member of Freebay
Freebay affiliate membership is on the market in 4 tiers:
- Free – no value however should rank qualify to earn MLM commissions
- EVO Academy – €50 EUR month-to-month or €480 EUR yearly
- EVO Skilled – €190 EUR month-to-month or €1820 EUR yearly
- EVO Life – €480 EUR month-to-month or €4600 EUR yearly
Membership charges might be paid month-to-month or yearly.
The extra a Freebay affiliate spends on membership charges the upper their earnings potential.
Conclusion
Karatbars Worldwide began off as a easy gold-themed pyramid scheme. When that ran its course, Harald Seiz jumped on the cryptocurrency bandwagon and rebooted Karatbars as an funding alternative.
This was initially introduced at KaratBank Coin in 2018, nonetheless issues didn’t actually go wherever till Seiz rebooted once more with KaratGold Coin.
By way of KaratGold Coin, Karatbars managed to dupe a bunch of associates to spend money on their nugatory KBC shitcoin.
By mid 2019 the hype machine was in full-effect, with many anticipating promised riches on Karatbars’ “Independence Day” occasion.
On the heart of the advertising and marketing pitch was Harald Seiz’s promise that 100 KBC may very well be transformed into 1 gram of gold.
Independence Day got here and went, KBC dumped 62% and the 1 gram of gold promise was predictably uncovered as a lie.
Wholly deserted, KBC right now has a public buying and selling worth of 0.2 cents.
It’s in opposition to this backdrop that when once more Karatbars is hyping up one other shitcoin, V999.
V999 is on the heart of Freebay, though at present is it the schooling package deal nonsense being pushed.
By way of V999, as soon as once more Karatbars is committing securities fraud by providing a passive funding alternative.
The MLM facet of the enterprise is a return to Karatbars’ pyramid scheme roots.
It’s price noting that Jurgen Pulvermuller was a part of Karatbars’ advertising and marketing workforce all through many of the firm’s crypto misadventures.
To what extent Pulvermuller orchestrated Karatbars’ crypto fraud is unclear. What is evident nonetheless is that he’s educated sufficient to entrance a reboot.
One want actually solely look to KBC to see the place Freebay will wind up.
You may have the identical “backed by gold” garbage, the place in actuality V999 is only a token Karatbars generates on demand – similar because the earlier two cash its launched.
Cautious of KBC’s embarrassing (however inevitable) failure, V999 is locked behind an inside alternate.
Whether or not Karatbars goes for the abrupt shutdown or public alternate exit-scam stays to be seen.
Both means, the vast majority of Freebay associates will lose cash. The pyramid facet of Freebay isn’t’ sustainable. And neither is the V999 token Ponzi scheme.
Given the regulatory warmth Karatbars took on its failed KBC enterprise (Namibia, Germany, South Africa, New Zealand), there’s additionally an opportunity regulators are in play.
Don’t rely on it although, as a brand new firm title and banking channels sometimes means regulators will take one other few years to cotton on.
All of that is in fact by design, and why Seiz isn’t immediately fronting Freebay. It’s additionally why now we have the “partnership” charade.
A gold pyramid scheme, failed KaratBank Coin, failed KaratGold Coin and now Freebay reboot with V999.
You know the way this ends.