BowlaCoin operates within the cryptocurrency MLM area of interest and seems to be primarily based out Sweden.
On its web site, BowlaCoin names Michael Petersen as Founder and CEO of the corporate.
As per Petersen’s company bio, he’s
a dedicated particular person with robust ardour for Bowling and have been within the business from the age of six, I performed myself as much as the Danish nationwide workforce, and received many competitions in Denmark, Sweden and Germany, later in life I made a decision to start out my very own bowling alley from the underside, so constructed on my own the lanes, rating system and all the pieces.
Now I see a brand new technology within the business and I need to be the primary to deliver blockchain expertise into the market.
And so we’ve BowlaCoin. Petersen’s try to merge bowling with the blockchain.
Previous to BowlaCoin, Petersen (proper) was selling the FutureNet and DasCoin Ponzi schemes.
Petersen seems to be primarily based out of the Philippines, therefore the Philippine company handle supplied on BowlaCoin’s web site.
Of notice the identical handle is utilized by TeamConnect. A hyperlink to TeamConnect’s web site additionally options in BowlaCoin’s official compensation documentation.
The precise nature of the connection between BowlaCoin and TeamConnect is unclear.
TeamConnect makes use of BAC, a token hooked up to BowlaCoin. International Day by day Professional matrix tiers additionally seem in BowlaCoin’s affiliate rank qualification standards.
This means that its doubtlessly additionally owned by Petersen.
It’s value additionally noting that TeamConnect’s web site cites International Day by day Professional an official accomplice.
International Day by day Professional is an adcredit pyramid scheme reviewed right here on BehindMLM a couple of days in the past.
Learn on for a full evaluation of BowlaCoin’s MLM alternative.
BowlaCoin’s Merchandise
BowlaCoin has no retailable services or products, with associates solely in a position to market BowlaCoin affiliate membership itself.
BowlaCoin’s Compensation Plan
BowlaCoin’s MLM alternative revolved round acquisition of BAC factors.
BAC is an inner token used inside BowlaCoin. On the time of publication, BAC just isn’t publicly tradeable.
BowlaCoin’s compensation documentation states that 1 BAC = $1.
Associates can make investments straight in “sport tokens”, that are then used to acquire BAC factors.
- Member – $5 a month for 1000 sport tokens
- Fundamental – $35 yearly for 5000 sport tokens
- Advance – $85 yearly for 10,000 sport tokens
- Accomplice – $250 yearly for 25,000 sport tokens
- Enterprise – $1000 yearly for 50,000 sport tokens
- Royal – $3500 yearly for 100,000 sport tokens
BAC may also be obtained through the use of TeamConnect and bowling at partnered bowling alleys (these don’t exist but).
BowlaCoin Affiliate Ranks
There are ten affiliate ranks inside BowlaCoin’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Agent – spend money on a Fundamental or larger license, generate $1000 in funding quantity from personally recruited associates and $500 on each side of the binary workforce
- Senior Agent – spend money on an Advance or larger license, qualify for the $10 International Day by day Professional matrix, have one Agent on each side of the binary workforce, personally generate $2000 in funding quantity and $5000 in whole downline funding quantity
- Managing Agent – preserve an Advance or larger license, have one Senior Agent on each side of the binary workforce, personally generate $5000 in funding quantity, $20,000 in whole downline funding quantity and $3000 in weaker binary workforce funding quantity
- Bronze Agent – spend money on a Accomplice or larger license, have one Managing Agent on each side of the binary workforce, personally generate $7000 in funding quantity, $50,000 in whole downline funding quantity and $15,000 in weaker binary workforce funding quantity
- Silver Agent – preserve a Accomplice or larger license, qualify for the $400 International Day by day Professional matrix, have one Bronze Agent on each side of the binary workforce, personally generate $10,000 in funding quantity, $100,000 in whole downline funding quantity and $25,000 in weaker binary workforce funding quantity
- Gold Agent – spend money on a Enterprise or larger license, qualify for the $1000 International Day by day Professional matrix, have two Silver Brokers on each side of the binary workforce, personally generate $15,000 in funding quantity, $100,000 in whole downline funding quantity and $50,000 in weaker binary workforce funding quantity
- Sapphire Agent – preserve a Enterprise or larger license, have two Gold Brokers on each side of the binary workforce, personally generate $25,000 in funding quantity, $250,000 in whole downline funding quantity and $100,000 in weaker binary workforce funding quantity
- Ruby Agent – spend money on a Royal or larger license, qualify for the $2500 International Day by day Professional matrix, have three Sapphire Brokers on each side of the binary workforce, personally generate $50,000 in funding quantity, $800,000 in whole downline funding quantity and $200,000 in weaker binary workforce funding quantity
- Emerald Agent – preserve a Royal or larger license, have three Ruby Brokers on each side of the binary workforce, personally generate $125,000 in funding quantity, $2,000,000 in whole downline funding quantity and $500,000 in weaker binary workforce funding quantity
- Diamond Agent – preserve a Royal or larger license, have three Emerald Brokers on each side of the binary workforce, personally generate $250,000 in funding quantity, $10,000,000 in whole downline funding quantity and $2,000,000 in weaker binary workforce funding quantity
ROI Booster
BowlaCoin associates pays an annual charge to extend month-to-month BAC returns.
- Fundamental tier associates pay $100 to obtain as much as 10% a month
- Advance tier associates pay $100 to obtain as much as 10% a month or $200 to obtain as much as 15%
- Accomplice tier associates pay $300 to obtain as much as a 20% a month or $1500 to obtain as much as 25%
- Enterprise tier associates pay $300 to obtain as much as 20% a month, $1500 to obtain as much as 25% or $5000 to obtain as much as 30%
- Royal tier associates pay $300 to obtain as much as 20% a month, $1500 to obtain as much as 25%, $5000 to obtain as much as 30% or $10,000 to obtain as much as 35%
Referral Commissions
BowlaCoin pays referral commissions by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel workforce, with each personally recruited affiliate positioned straight beneath them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel workforce.
If any stage 2 associates recruit new associates, they’re positioned on stage 3 and so forth and so forth down a theoretical infinite variety of ranges.
BowlaCoin caps referral commissions down ten unilevel workforce ranges.
Referral commissions are paid out as a share of funds invested throughout these ten ranges as follows:
- stage 1 (personally recruited associates) – 20%
- ranges 2 to 10 – 2%
Residual Commissions
BowlaCoin pays residual commissions by way of a binary compensation construction.
A binary compensation construction locations an affiliate on the prime of a binary workforce, cut up into two sides (left and proper):
The primary stage of the binary workforce homes two positions. The second stage 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 stage housing twice as many positions because the earlier stage.
Positions within the binary workforce are stuffed by way of direct and oblique recruitment of associates. Notice there isn’t any restrict to how deep a binary workforce can develop.
BowlaCoin don’t specify how usually residual binary commissions are paid. Sometimes they’re each day or weekly.
Be it each day or weekly, on the finish of the calculation interval BowlaCoin tallies up new funding quantity on each side of the binary workforce.
Associates are paid 10% of quantity generated on their weaker binary workforce facet.
Leftover quantity on the stronger binary workforce facet is carried over into the next calculation interval.
Binary and Unilevel Bonuses
The Binary Bonus takes the primary ten ranges generated inside a binary workforce and treats them like a unilevel.
That’s to say the primary stage of a binary workforce could be stage 1, the second stage of the workforce stage 2 and so forth and so forth.
The Binary Bonus pays 1% on funding quantity generated on every binary workforce stage.
The Unilevel Bonus is an analogous bonus paid on as much as ten unilevel workforce ranges (the precise unilevel workforce, not the binary).
By way of the Unilevel Bonus, a BowlaCoin affiliate can earn a 30% bonus on stage 1 and 1% bonus on ranges 2 to 10.
Notice that what number of ranges the Binary and Unilevel Bonuses are paid out is decided by how a lot a BowlaCoin affiliate has invested:
- Member license associates obtain the Binary and Unilevel Bonuses on two ranges
- Fundamental license associates obtain the Binary and Unilevel Bonuses on three ranges
- Advance license associates obtain the Binary and Unilevel Bonuses on 4 ranges
- Accomplice license associates obtain the Binary and Unilevel Bonuses on 5 ranges
- Enterprise license associates obtain the Binary and Unilevel Bonuses on seven ranges
- Royal license associates obtain the Binary and Unilevel Bonuses on all ten out there ranges
Matching Bonus
The Matching Bonus is paid out on referral (unilevel) and residual (binary) commissions earned by personally recruited associates.
Matching Bonus charges are decided by how a lot a BowlaCoin affiliate has invested:
- Accomplice license associates obtain a 5% Matching Bonus price
- Enterprise license associates obtain a ten% Matching Bonus price
- Royal license associates obtain a 15% Matching Bonus price
Rank Achievement Bonus
BowlaCoin rewards associates with the next Rank Achievement Bonuses:
- qualify as an Agent and obtain 100 BAC
- qualify as a Senior Agent and obtain 500 BAC
- qualify as a Managing Agent and obtain $200
- qualify as a Bronze Agent and obtain $500
- qualify as a Silver Agent and obtain $1000
- qualify as a Gold Agent and obtain $5000
- qualify as a Sapphire Agent and obtain $10,000
- qualify as a Ruby Agent and obtain $50,000
- qualify as an Emerald Agent and obtain $100,000
- qualify as a Diamond Agent and obtain $250,000
Becoming a member of BowlaCoin
BowlaCoin affiliate membership is tied to the acquisition of a license:
- Member – $5 a month
- Fundamental – $35 yearly
- Advance – $85 yearly
- Accomplice – $250 yearly
- Enterprise – $1000 yearly
- Royal – $3500 yearly
The extra a brand new BowlaCoin affiliate spends on their license, the upper their earnings potential.
Conclusion
The mixture of bowling and blockchain may sound novel, however I can’t consider any helpful cause to implement it.
Living proof BowlaCoin has launched with none operational partnered alleys.
After we open the primary 3 bowling alleys ourselves, then we begin franchising the idea and promoting software program license to different bowling alleys.
There will probably be two methods to buy our software program license:
1. Franchising a Bowl A Coin bowling alley
2. An present bowling alley could improve their software program license to ours.
Proudly owning your individual Bowl´A´Coin alley: Every member of Bowl´a´Coin can apply for monetary help for their very own bowling alley.
Bowl’a’Coin will decide their stage of help primarily based on particular standards.
BowlaCoin appears to be a traditional convoluted cryptocurrency resolution to an issue that doesn’t exist. Properly, at the very least so far as the bodily bowling alleys go.
Outdoors of that you’ve got the web bowling sport, of which there are many alternate options to select from.
To make sense of any of this, we’ve to just accept that bowling is only a ruse. Central to BowlaCoin is the acquisition of BAC factors.
Associates make investments, get tokens, spend tokens via the web sport and get BAC in return.
The thought is you get sufficient BAC to ultimately withdraw greater than you initially invested.
The ROI booster detailed within the compensation evaluation above is principally pay a charge and we’ll provide you with extra BAC every month.
That facet of BowlaCoin is your traditional funding scheme. With BAC pegged at $1 a token, it’ll pay out internally till withdrawals exceed new funding.
This triggers securities regulation, which requires BowlaCoin to register with monetary regulators in any jurisdiction they solicit funding in.
On the time of publication BowlaCoin gives no indication it has registered with any monetary regulator.
On prime of that there’s the problem of BowlaCoin doubtlessly working as a Ponzi scheme. Because it stands the BowlaCoin’s major income is new funding.
There may be an hooked up promoting platform, however I can’t see that producing vital income – it’s too area of interest.
With new funding getting used to fund BAC withdrawals, BowlaCoin is working as a Ponzi scheme.
The vast majority of commissions tied to recruited affiliate funding means BowlaCoin capabilities as a pyramid scheme too.
The cynic in me pegs Michael Petersen as wanting his personal FuturoCoin, and bowling is the ruse he’s carried out to launch it.
If you wish to launch an internet bowling sport or actual world bowling alleys, go for it.
Attaching a token to them nonetheless is pointless. It’s the identical previous “spend money on our token and moon” nonsense.
No one exterior of the funding alternative will care and you understand how this ends.