GSPartners operates within the cryptocurrency area of interest.
The corporate offers no govt data on its web site. By our reporting on Karatbars Worldwide nevertheless, we all know GSPartners was launched by Josip Heit.
Heit appeared on BehindMLM’s radar after Karatbars’ KaratGold Coin hype catastrophe in mid 2019.
Within the lead as much as the July 4th occasion, Karatbars CEO Harald Seiz had been selling a 100 KBC to 1 gram of gold alternate.
That by no means occurred, and KGC dumped 62% in public worth shortly after the July 4th launch occasion.
Within the wake of the advertising and marketing catastrophe, Harald Seiz was nowhere to be seen.
As an alternative Josip Heit, credited as Chairman of Karatbars Internationa’s Board, fronted offended traders in precorded movies.
The aim of those movies was to give you excuses for the Ponzi shitcoin’s dump.
This didn’t go down nicely with KGC traders, resulting in Karatbars disabling feedback on advertising and marketing movies that includes Heit.
Issues get a bit murky over the following yr and a half.
Karatbars’ KGC debacle noticed regulatory warnings issued by Namibia, Germany, South Africa and New Zealand.
Sitting on funds they milked traders out of, Seiz and Heit laid low for many of 2019 and 2020.
Someday in 2020 “Gold Normal” was launched, and together with it yet one more token reboot. This time it was G999.
By September these plans had fallen via. Harald Seiz started selling Freebay and V999, a derivative of the G999 token.
If all of this sounds ridiculous to you, welcome to the MLM crypto area of interest.
Someday between Gold Normal being introduced and Freebay (mid 2020 or so), Harald Seiz and Josip Heit had a falling out.
Heit break up from Karatbars and went on to launch GSPartners, retaining the unique G999 shit token.
Learn on for a full overview of GSPartners’ MLM alternative.
GSPartners’ Merchandise
GSPartners has no retailable services or products, with associates solely in a position to market GSPartners affiliate membership itself.
GSPartners affiliate membership offers entry to Blockchain Academy, a platform used to
educate information within the space of blockchain via video-based on-line programs the place the subject blockchain is damaged down into its elements to create a stable basis, and a course on coinization, crypto belongings and digital currencies.
GSPartners’ Compensation Plan
GSPartners don’t present a duplicate of their compensation plan on their web site.
The next evaluation has been put collectively from official GSPartners compensation data, tagged “inside use solely”.
GSPartners associates spend money on G999 tokens on the expectation of a return.
G999 tokens are invested in through GSPartner’s GSTrade alternate, at a charge of “69 USDT for 4999 G999 cash”.
Inside GSPartners associates additionally obtain G999 once they join.
- join with a Model Benefit Fundamental Bundle for 275 USDT yearly and obtain 3498 G999 tokens
- join with a Model Benefit Premium Bundle and obtain extra G999 tokens than the Fundamental Bundle
Word that I wasn’t in a position to confirm a concrete Model Benefit Premium Bundle worth. One advertising and marketing instance I got here throughout was $1110.
Word that regardless of the USDT costs quoted above, GSPartners solicits accepts fee in bitcoin or ethereum.
GSPartners Affiliate Ranks
There are ten affiliate ranks inside GSPartners’ compensation plan.
Together with their respective qualification standards, they’re as follows:
- Affiliate – join as a GSPartners affiliate and pay required charges
- Director – generate $15,000 GV a month
- Regional Director – generate $40,000 GV a month
- Nationwide Director – generate $80,000 GV a month
- Government – generate $150,000 GV a month
- Continental Government – generate $369,000 GV a month
- Worldwide Government – generate $1,000,000 GV a month
- Ambassador – generate $3,000,000 GV a month
- International Ambassador – generate $9,000,000 GV a month
- Crown Ambassador – generate $27,000,000 GV a month
GV stands for “Group Quantity and is price/funding quantity paid by downline associates.
Referral Commissions
GSPartners pays referral commissions through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel crew, with each personally recruited affiliate positioned instantly beneath them (degree 1):
If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel crew.
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.
GSPartners caps referral commissions at 9 unilevel crew ranges.
Residual commissions are paid as a proportion of funds invested in Fundamental and Premium packages throughout these 9 ranges.
- degree 1 (personally recruited associates) – 10%
- degree 2 – 4%
- degree 3 – 3%
- ranges 4 to six – 2%
- degree 7 – 3%
- degree 8 – 4%
- degree 9 – 6%
Whether or not direct G999 token funding via GSTrade is paid as referral commissions is unclear.
Blockstar Pool
GSPartners takes 4% of company-wide price funding quantity and locations it into the Blockstar Pool.
Associates obtain shares within the pool based mostly on how a lot they persuade others to take a position:
- persuade others to take a position $3000 and obtain one Blockstar Pool share
- persuade others to take a position $9999 and obtain three Blockstar Pool shares
- persuade others to take a position $29,999 and obtain 5 Blockstar Pool shares
The primary tier is designated “Rising Blockstars”, which seems to be some timed qualification standards (one month?).
The opposite two are recurring standards, that means every time they’re hit Blockstar Pool shares are awarded out.
Infinity Pool
GSPartners takes 13% of company-wide price funding quantity and locations it into the Infinity Pool.
The 13% is break up into smaller swimming pools based mostly on rank:
- Administrators obtain a share in a 2.5% Infinity Pool
- Regional Administrators obtain a share in a 2.25% Infinity Pool
- Nationwide Administrators obtain a share in a 1.75% Infinity Pool
- Government Administrators obtain a share in a 1.5% Infinity Pool
- Continental Executives obtain a share in a 1.5% Infinity Pool
- Worldwide Executives obtain a share in a 1.25% Infinity Pool
- Ambassadors obtain a share in a 1% Infinity Pool
- International Ambassadors obtain a share in a 0.75% Infinity Pool
- Crown Ambassadors obtain a share in a 0.5% Infinity Pool
Word that increased ranks obtain a share of their pool in addition to all decrease ranked swimming pools.
Group Pool
GSPartners takes 3% of company-wide price funding quantity and distributes it every month to all Model Benefit Premium Bundle tier associates.
Legacy Program
The Legacy Program is predicated on accumulation of Legacy Factors.
Legacy Factors are acquired when
- downline affiliate attain undisclosed ranks; and
- silver, gold and diamond gross sales are made.
What Silver, Gold and Diamond gross sales are isn’t outlined. Neither is the particular quantity of Legacy Factors obtained per qualification aim met.
As they’re acquired, Legacy Factors are put in direction of “prizes”:
Legacy factors prizes are purportedly funded by 2% of GSPartners’ company-wide price funding quantity.
Becoming a member of GSPartners
Fundamental GSPartners affiliate membership is $99 yearly. I imagine this solely offers entry to Blockchain Academy.
The funding facet of GSPartners prices a further
- 275 USDT for a Model Benefit Fundamental Bundle or
- ~1110 USDT for a Model Benefit Premium Bundle
Word that whereas costs are quoted in USDT, GSPartners accepts bitcoin and ethereum for price funding funds.
Conclusion
The explanation you received’t discover any details about GSPartners’ compensation plan on their web site, is as a result of it’s a continuation of the securities fraud Josip Heit began with Karatbars Worldwide.
G999 is as nugatory as all of the Karatbars shitcoins the got here earlier than it. Heit creates G999 on demand, and flogs them off to gullible traders.
Based mostly on CoinMarketCap knowledge, G999 solely not too long ago debuted on public exchanges.
First recorded knowledge is from February twelfth @ 0.0068 cents. G999 is presently at $0.016 cents.
This public worth is tied to GSPartners’ recruitment. If recruitment goes up, new associates purchase G999 driving the value up. When recruitment inevitably stalls, G999’s buying and selling worth goes down.
Over time early bagholders cashing out additionally initiates a dump.
Securities fraud comes into play throughout a number of vectors, the obvious being G999 is offered on the expectation of a return.
That is true of each MLM cryptocurrency. In an effort to masks this, GSPartners has its Blockchain Academy platform.
The “schooling platform” pseudo-compliance ruse is a drained cliche at this level. Maybe the very best instance of that is OneCoin’s OneLife platform.
GSPartners’ securities fraud extends to assured returns provided with Model Benefit funding plans:
On high of that you’ve got “Masternode Vouchers” (returns paid beneath the guise of “staking”):
G999 has a restricted variety of 4000 masternodes, having a exact quantity of cash generated every block and a restricted variety of masternodes the rewards are calculated so each masternode proprietor can have a relentless and protected earnings.
In addition to “Decentralized DeFi Plans”, which pay annual returns based mostly on a GSPartners’ membership funding tier:
That is all arrange for the only real goal of permitting early GSPartner associates to money of their G999 tokens, successfully withdrawing subsequently invested funds.
Once more, the rationale why GSPartners don’t disclose any of this brazenly on their web site is as a result of securities fraud is prohibited the world over.
On the time of publication Alexa ranks the highest three sources of site visitors to GSPartners’ web site because the US (52%), South Africa (15%) and Mexico (12%).
GSPartners isn’t registered to supply securities in any of those jurisdictions.
Be it regulatory intervention or recruitment collapse, math ensures the vast majority of GSPartners associates will lose cash.
Replace ninth June 2021 – Following G999’s flop, GSPartners is gearing as much as launch a brand new JONE shitcoin.