iCan2 Membership gives no info on their web site about who owns or runs the enterprise.
Infact as I write this, the iCan2 Membership web site is nothing greater than an affiliate login portal.
The iCan2 Membership web site area (“ican2.membership”) was registered on June thirteenth, 2018. All we get from the registration is that whoever owns iCan2 Membership has supplied a contact handle in Norway.
With that in thoughts, the iCan2 Membership Phrases and Situations state they’re
ruled by, construed and enforced in all respects in accordance with the legal guidelines of Hong Kong.
Notice that the Hong Kong company handle supplied in iCan2 Membership advertising and marketing materials is that of a digital workplace supplier.
This implies iCan2 Membership has no precise bodily presence in Hong Kong.
An iCan2 Membership “management occasion” is presently scheduled for January 2019, so Thailand is one other risk.
One last bit of data I’ll embody is the next from iCan2 Membership’s official compensation materials;
iCAN2 is the distribution and advertising and marketing entity of Agamas Worldwide Ltd.
The corporate was based in mid 2018, with an operational service and assist workplace in Kowloon, Hong Kong.
There are just a few comparable named corporations however I used to be unable to search out something additional on Agamas Worldwide particularly.
As all the time, if an MLM firm just isn’t overtly upfront about who’s operating or owns it, suppose lengthy and onerous about becoming a member of and/or handing over any cash.
iCan2 Membership Merchandise
iCan2 Membership has no retailable services or products, with associates solely capable of market iCan2 Membership affiliate membership itself.
The iCan2 Membership Compensation Plan
iCan2 Membership associates make investments funds on the promise of a day by day ROI for three hundred and sixty five days:
- iTrainee – no day by day ROI
- iTeam – make investments €1100 and obtain a 0.1% day by day ROI charge
- iPower – make investments €3300 and obtain a 0.25% day by day ROI charge
- iGold – make investments €5700 and obtain a 0.25% day by day ROI charge
- iDiamond – make investments €16,000 and obtain a 0.25% day by day ROI charge
- iPlatinum – make investments €27,000 and obtain a 0.25% day by day ROI charge
- iPresident – make investments €100,000 and obtain a 0.25% day by day ROI charge
- iFounder – make investments €250,000 and obtain a 0.25% day by day ROI charge
VLT Ponzi Factors
Bundled with every iCan2 Membership funding tier are Vaaluta Coin (VLT) Ponzi factors:
- iTrainee (€300) – €200 value of VLT
- iTeam (€1100) – €1000 value of VLT
- iPower (€3300) – €3300 value of VLT
- iGold (€5700) – €5700 value of VLT
- iDiamond (€16,000) – €16,000 value of VLT
- iPlatinum (€27,000) – €27,000 value of VLT
- iPresident (€100,000) – €100,000 value of VLT
- iFounder (€250,000) – €250,000 value of VLT
VLT are pre-generated by iCan2 Membership at little to no price.
Notice that the corporate doesn’t present the present alternate charge.
As soon as invested in, VLT factors might be parked with iCan2 Membership for an undisclosed month-to-month ROI (paid in VLT factors).
iTrade ROIs
iCan2 Membership associates who make investments on the iGold tier are given entry to iTrade.
iCan2 Membership guarantees passive returns by means of iTrade, supposedly by means of a cryptocurrency buying and selling algorithm.
How a lot an iCan2 Membership affiliate can make investments into iTrade is decided by which tier they make investments at:
- iGold associates can make investments as much as €5000
- iDamond associates can make investments as much as €32,000
- iPlatinum associates can make investments as much as €81,000
- iPresident associates can make investments as much as €400,000
- iFounder associates don’t have any iTrade funding restrict
Recruitment Commissions
iCan2 Membership associates obtain a fee after they recruit new associates who make investments:
- iTrainee associates obtain a 5% recruitment fee
- iTeam and better associates obtain a ten% recruitment fee
Residual Commissions
iCan2 Membership pays residual commissions through a binary compensation construction.
A binary compensation construction locations an affiliate on the prime of a binary staff, cut up into two sides (left and proper):
The primary degree of the binary staff homes two positions. The second degree of the binary staff is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary staff are generated as required, with every new degree housing twice as many positions because the earlier degree.
Positions within the binary staff are crammed through direct and oblique recruitment of associates. Notice there isn’t a restrict to how deep a binary staff can develop.
Every iCan2 Membership funding tier corresponds with a set variety of binary staff factors:
- iTrainee – 210 factors
- iTeam – 700 factors
- iPower – 2100 factors
- iGold – 3990 factors
- iDiamond – 11,200 factors
- iPlatinum – 18,900 factors
- iPresident – 70,000 factors
- iFounder – 175,000 factors
As associates are instantly and not directly recruited right into a binary staff, how a lot they make investments generates the corresponding factors on the facet of the binary staff they have been positioned in.
On the finish of every day iCan2 Membership tallies up new factors on either side of the binary staff.
Residual commissions are paid as a share of factors generated on the weaker binary facet.
An iCan2 Membership affiliate’s residual fee charge is decided by how a lot they’ve invested:
- iTrainee associates obtain a 5% residual fee charge capped at €600 every week
- iTeam associates obtain a 5% residual fee charge capped at €2000 every week
- iPower associates obtain a ten% residual fee charge capped at €6000 every week
- iGold associates obtain a ten% residual fee charge capped at €11,400 every week
- iDiamond associates obtain a ten% residual fee charge capped at €32,000 every week
- iPlatinum associates obtain a ten% residual fee charge capped at €54,000 every week
- iPresident associates obtain a 15% residual fee charge capped at €100,000 every week
- iFounder associates obtain a 15% residual fee charge capped at €250,000 every week
iWorld and iDream certified associates obtain a 20% residual fee charge (weekly capped quantities not supplied).
For iWorld and iDream qualification standards confer with the “Infinity Bonus” part under.
Matching Bonus
iCan2 Membership pays a Matching Bonus on residual commissions earned by downline associates.
The Matching Bonus is paid out through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel staff, with each personally recruited affiliate positioned instantly underneath them (degree 1):
If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel staff.
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.
The Matching Bonus is payable on as much as 5 unilevel staff ranges, based mostly on the next qualification standards:
- recruit no less than two associates who make investments (1 on either side of the binary staff) and earn an gathered €500 EUR in residual commissions = 10% Matching Bonus on degree 1 (personally recruited associates)
- recruit no less than 4 associates (2 on either side of the binary staff) and earn an gathered €1500 EUR in residual commissions = 10% match on degree 1 and three% on degree 2
- recruit no less than eight associates (4 on either side of the binary staff) and earn an gathered €5000 EUR in residual commissions = 10% match on degree 1, 3% on degree 2 and a pair of% on degree 3
- recruit no less than twelve associates (6 on either side of the binary staff) and earn an gathered €15,000 EUR in residual commissions = 10% on degree 1, 3% on degree 2 and a pair of% on ranges 3 and 4
- recruit no less than twenty associates (10 on either side of the binary staff) and earn an gathered €30,000 EUR in residual commissions = 10% on degree 1, 3% on degree 2 and a pair of% on ranges 3 to five
Infinity Bonus
The Infinity Bonus permits iFounder and better funding tier associates to earn a further bonus share on binary staff level quantity.
- iFounder associates who’ve recruited no less than forty associates (20 on either side of the binary staff) and have earned an gathered €100,000 in residual commissions are paid a 1% Infinity Bonus
- iWorld associates who’ve recruited no less than fifty associates (25 on either side of the binary staff) and have earned an gathered €250,000 in residual commissions are paid a 2% Infinity Bonus
- iDream associates who’ve recruited no less than seventy associates (35 on either side of the binary staff) and have earned an gathered €500,000 in residual commissions are paid a 3% Infinity Bonus
Becoming a member of iCan2 Membership
iCan2 Membership affiliate membership is tied to a €350 to €200,000 EUR funding.
- iTrainee – €300
- iTeam – €1100
- iPower – €3300
- iGold – €5700
- iDiamond – €16,000
- iPlatinum – €27,000
- iPresident – €100,000
- iFounder – €250,000
The extra an affiliate invests the upper their earnings potential through the iCan2 Membership compensation plan.
Becoming a member of iCan2 Membership
iCan2 Membership presents itself as your typical MLM cryptocurrency rip-off. You’ve received a assured ROI, altcoin to exit-scam by means of and no details about who’s operating the present.
iCan2 Membership claims to generate ROI income by means of use of a “distinctive crypto buying and selling algorithm”.
Agamas Worldwide has entered right into a partnership with a public and totally regulated financial institution, that makes a speciality of crypto
associated enterprise.Along with their licenced merchants they’ve created a novel crypto technique.
The algorithm is up to date a number of instances per day to optimize the revenue for members.
First the plain; If the nameless admin(s) had a novel buying and selling technique, they’d be quietly utilizing it to develop into wealthy.
Why waste your attaching an MLM compensation plan to it and promoting entry to it for as little as €5700?
Naturally even for those who take iCan2 Membership’s claims at face worth, which you undoubtedly shouldn’t, the corporate gives no proof of buying and selling income getting used to pay affiliate ROIs.
Because it stands the one verifiable income coming into iCan2 Membership is new funding. Using which to pay present associates a day by day ROI makes iCan2 Membership a Ponzi scheme.
Vaaluta Coin is your typical MLM cryptocurrency altcoin exit-strategy.
VLT prices iCan2 Membership little to nothing to generate. The corporate dumps pre-generated factors on gullible buyers.
VLT will not be publicly tradeable and are thus fully nugatory exterior of iCan2 Membership.
But regardless of this, iCan2 Membership claims Vaaluta Coin is
backed by publicly traded fairness in cooperation with our licensed merchants and totally regulated banking companions.
Clearly iCan2 Membership don’t disclose who their companions are (a regulated financial institution, lol!), as a result of they don’t exist.
Along with porky pies about working with regulated banks, iCan2 Membership additionally plan to tie playing schemes to Vaaluta Coin.
These embody betting platforms and bitcoin penny auctions (bid for bitcoin).
With no regulatory registration or disclosures supplied to the general public and their buyers, all of iCan2 Membership’s plans for Vaaluta Coin are clearly unlawful (unregistered securities, wire fraud, cash laundering and many others.).
So too is iCan Membership’s day by day ROI Ponzi scheme and pyramid recruitment commissions.
To summarize, the MLM altcoin exit-scam ruse goes like this:
Initially the altcoin is dumped on associates for no matter arbritary value the MLM firm producing them comes up with.
This happens by means of an inner alternate, by means of which associates can notice a ROI if they’ll discover subsequent buyers to dump their cash onto.
Whereas all this is happening iCan2 Membership are stashing the true cash they’re receiving for VLT factors.
When the time comes (recruitment dies they usually can’t maintain ROI funds in actual cash), VLT will get listed on some dodgy public alternate.
iCan2 Membership then wash themselves of the coin, leaving bagholder associates to scramble to promote their cash.
As soon as essentially the most gullible of iCan2 Membership associates run out of cash to purchase VLT factors with, the value crashes to $0.
After all by this stage iCan2 Membership’s house owners are lengthy gone with invested funds.
These already scammed and people who observe the MLM cryptocurrency area of interest have seen this state of affairs play out time and time once more.
It doesn’t matter what bullshit guarantees they could provide you with, iCan2 Membership isn’t going to play out and in a different way.