Mether World operates within the cryptocurrency MLM area of interest.
The corporate claims it “was based in 2020 in Estonia.”
To that finish a company handle in a tiny 1000 inhabitants village in Estonia is offered. Given this, it’s possible Mether World exists in Estonia in title solely.
Supporting that is SimilarWeb monitoring 100% of visitors to Mether World’s web site as coming from India.
No firm possession or govt info is offered on Mether World’s web site.
For that we’ve to go to mCoin, represented as being a “service” tied to Mether World.
mCoin has its personal web site, on which the next govt crew is offered:
- Denis Shehu – CEO
- Andrzej Adam – CMO
- Daniel Weiss – MO
- Robert Ciurkot – blockchain bro
- Paul Smith – second blockchain bro
Social media accounts for Denis Shehu are offered. I clicked via the FaceBook and was the very first thing I noticed was Dubai:
Dubai is the MLM crime capital of the world.
Any MLM firm working out of Dubai mechanically raises pink flags. If it’s an MLM crypto firm, I can all however assure it’s a rip-off.
I don’t know for certain if he’s, however Shehu definately offers off Boris CEO vibes.
There’s one thing unusual a couple of bunch of Europeans sitting in Dubai scamming solely Indians.
From their very own advertising, that is what Mether’s high affiliate management group seem like.
Once more I didn’t discover something conclusive, however I’m not inclined to purchase the Dubai CEO schtick on this one.
What I did study is Mether World is a reboot of a collapsed Ponzi scheme.
Mether World additionally goes by Mether Community. The corporate was initially launched with MNC Coin:
By “Mether Digtial World”, Mether World pitched a 2.5% weekly ROI, paid out in MNC cash.
MNC have been by no means publicly tradeable. They didn’t exist outdoors of Mether World – which means when Mether World collapsed, buyers have been left bagholding nugatory Ponzi factors.
I haven’t been capable of pinpoint a precise date, however Mether World’s authentic MNC Ponzi seems to have collapsed in early to mid 2021.
The reboot of Mether World noticed it create mCoin shortly after. And that’s what we’re looking at immediately.
Denis Shehu was a part of the unique Mether World launch however not as CEO. As an alternative you had these guys in cost:
I’m not 100% certain on the connection between Andreas Vezonik’s “VolumeX” firm and Mether World.
Anyway, no matter VolumeX was it doesn’t exist anymore. It was deserted round July 2021 – possible when Mether World’s MNC Ponzi collapsed.
Right this moment Andreas Vezonik runs “LeverageX”, presumably a continuation of VolumeX.
Replace twenty third September 2022 – Andreas Vezonik has been in contact and states;
It’s incorrect that I had any connection to this firm you’re mentioning. They used me of their presentation with out my information after they ask me if I need to be part of.
They approached and wished me to be “CEO”, I declined and so they have been pissed. So that they began placing me in all displays in Pakistan in India.
I’ve proof how their shoppers from Pakistan have been texting me on Instagram to test if im actually concerned. I instructed all of them that I used to be not and warned the founders that its gonna get authorized in the event that they don’t cease mentioning my title as reference.
I hate these guys and I don’t need the article to be eliminated, in no way. They’re scammers. But it surely’s incorrect pulling me in.
Vezonik additionally insists VolumeX is “a operating firm with a operating platform”. /finish replace
One factor is for certain, there’s much more Indian trying individuals in Mether World’s authentic advertising than there’s now. This additional helps Denis Shehu being a Boris CEO.
As at all times, if an MLM firm just isn’t brazenly upfront about who’s operating or owns it, suppose lengthy and onerous about becoming a member of and/or handing over any cash.
Mether World’s Merchandise
Mether World has no retailable services or products.
Mether World associates are solely capable of market Mether World affiliate membership itself.
Mether World’s Compensation Plan
Mether World associates make investments funds on the promise of marketed returns:
- Bronze Bundle – make investments $30 and obtain nothing (see mCoin returns beneath)
- Silver Starter Bundle – make investments $90 and obtain $3 per week for as much as 90 weeks
- Silver Customary Bundle – make investments $270 and obtain $6 per week for as much as 100 weeks
- Silver Platinum Bundle – make investments $450 and obtain $10 per week for as much as 100 weeks
- Gold Unique Bundle – make investments $900 and obtain $25 per week for as much as 100 weeks
- Gold Pearl Bundle – make investments $1800, ROI not disclosed
- Gold Premium Bundle – make investments $2700 and obtain $60 per week for as much as 100 weeks
- Gold Final Bundle – make investments $5400 and obtain $110 per week for as much as 100 weeks
- Platinum Skilled Bundle – make investments $10,800 and obtain $225 per week for as much as 100 weeks
- Platinum Grasp Bundle – make investments $27,000 and obtain $600 per week for as much as 100 weeks
- Platinum Grasp Professional Bundle – make investments $54,000 and obtain $1200 per week for as much as 100 weeks
- Platinum Infinity Bundle – make investments $100,000 and obtain $2500 per week for as much as 100 weeks
The “as much as weeks” is said as a result of packages expire after 500% is reached. This consists of the above returns in addition to MLM commissions.
So as to proceed incomes past that, reinvestment is required. This consists of cost of a €10 EUR price.
Mether World associates additionally obtain annual returns, paid in mCoin Ponzi factors:
- Bronze Bundle associates obtain 150% yearly for twelve months
- Silver Starter via to Gold Unique Bundle associates obtain 150% yearly for 730 days
- Gold Premium and Gold Final Bundle associates obtain 175% yearly for 730 days
- Platinum Skilled and Platinum Grasp Bundle associates obtain 200% yearly for 730 days
- Platinum Grasp Professional Bundle associates obtain 250% yearly for 730 days
- Platinum Infinity Bundle associates obtain 300% yearly for 730 days
I didn’t see something indicating mCoin ROIs counted in the direction of the five hundred% ROI bundle cap.
The MLM facet of Mether World pays on recruitment of affiliate buyers.
Word that Bronze Bundle associates don’t qualify for MLM commissions.
Mether World Affiliate Ranks
There are ten affiliate ranks inside Mether World’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Govt – enroll as a MetherWorld affiliate and generate $1500 in downline funding quantity
- Senior Govt – recruit two Executives and generate $5000 in whole downline funding quantity
- Supervisor – recruit two Senior Executives and one Govt, and generate $15,000 in whole downline funding quantity
- Senior Supervisor – recruit two Managers and one Senior Govt, and generate $40,000 in whole downline funding quantity
- Diamond – recruit two Senior Managers and one Supervisor, and generate $75,000 in whole downline funding quantity
- Blue Diamond – recruit two Diamonds and one Senior Supervisor, and generate $200,000 in whole downline funding quantity
- Director – recruit two Blue Diamonds and one Diamond, and generate $500,000 in whole downline funding quantity
- President – recruit two Administrators and generate $1,000,000 in whole downline funding quantity
- Ambassador – recruit two Presidents and generate $5,000,000 in whole downline funding quantity
- Crown Ambassador – recruit two Ambassadors and generate $10,000,000 in whole downline funding quantity
Introduction Bonus
The Introduction Bonus rewards associates for recruiting Bronze Bundle associates.
The Introduction Bonus is paid out 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 immediately underneath them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel crew.
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.
Mether World caps the Introduction Bonus at 9 ranges of recruitment.
The Introduction Bonus is paid per Bronze Bundle affiliate recruited as follows:
- stage 1 (personally recruited associates) – $15
- stage 2 – $1
- ranges 3 to 9 – 50 cents
Referral Commissions
Mether World associates earn a ten% referral fee on recruitment of Silver Starter Bundle and better tier associates.
Residual Commissions (funding)
Mether World pays residual commissions on funds invested by recruited associates.
Funding residual commissions are paid out through a binary crew compensation construction.
A binary compensation construction locations an affiliate on the high of a binary crew, cut up into two sides (left and proper):
The primary stage of the binary crew homes two positions. The second stage of the binary crew is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary crew are generated as required, with every new stage housing twice as many positions because the earlier stage.
Positions within the binary crew are crammed through direct and oblique recruitment of associates. Word there isn’t a restrict to how deep a binary crew can develop.
On the finish of every day Mether World tallies up new funding quantity on either side of the binary crew.
Associates are paid a proportion of funds invested on their weaker binary crew facet.
Residual fee proportion quantities are decided by rank:
- Executives obtain a 5% residual fee fee
- Senior Govt obtain a 7% residual fee fee
- Managers obtain a 9% residual fee fee
- Senior Managers obtain an 11% residual fee fee
- Diamonds obtain a 13% residual fee fee
- Blue Diamonds obtain a 15% residual fee fee
- Administrators obtain an 18% residual fee fee
- Presidents obtain a 21% residual fee fee
- Ambassadors obtain a 23% residual fee fee
- Crown Ambassadors obtain a 25% residual fee fee
Matching Bonus
Mether World pays a Matching Bonus on residual ROI commissions.
Residual commissions are paid as a proportion of referral and residual ROI commissions paid to personally recruited associates.
Mether World pays the Matching Bonus through the identical unilevel crew the Introduction Bonus is paid with (see “Introduction Bonus” above):
- Managers earn a 5% match on stage 1 (personally recruited associates)
- Senior Managers earn a 5% match on stage 1 and three% on stage 2
- Diamonds earn a 5% match on stage 1, 3% on stage 2 and a pair of% on stage 3
- Blue Diamonds earn a 5% match on stage 1, 3% on stage 2 and a pair of% on ranges 3 to five
- Administrators earn a 5% match on stage 1, 3% on stage 2, 2% on ranges 3 to five and 1% on ranges 6 and seven
- Presidents and better earn a 5% match on stage 1, 3% on stage 2, 2% on ranges 3 to five, 1% on ranges 6 to eight and a pair of% on stage 9
Residual Commissions (mCoin)
Mether World pays residual commissions through the identical unilevel crew construction the Introduction Bonus is paid with (see “Introduction Bonus” above).
Residual commissions are paid in mCoin, as a proportion of mCoin returns paid to unilevel crew associates.
Mether World caps residual commissions at eighteen unilevel crew ranges:
- stage 1 – 1%
- stage 2 – 1.5%
- stage 3 – 2%
- stage 4 – 2.5%
- stage 5 – 3%
- stage 6 – 2.5%
- stage 7 – 2%
- stage 8 – 1.5%
- ranges 9 to 18 – 1%
Rank Achievement Bonus
Mether World rewards Senior Executives and better with the next one-time Rank Achievement Bonuses:
- qualify at Senior Govt and obtain a $200 luxurious watch
- qualify at Supervisor and obtain a $600 Apple iPhone
- qualify at Senior Supervisor and obtain a $1000 MacBook
- qualify at Diamond and obtain a $4000 “Single Europe Journey”
- qualify at Blue Diamond and obtain a $10,000 “Couple Europe Journey”
- qualify at Director and obtain a $25,000 Innova Crysta
- qualify at President and obtain a $50,000 BMW
- qualify at Ambassador and obtain a $150,000 Porsche
- qualify at Crown Ambassador and obtain a $300,000 Rolls Royce
Becoming a member of Mether World
Mether World affiliate membership is tied to an preliminary $30 to $100,000 funding.
After receiving a 500% ROI or 90 to 100 weeks expires, reinvestment is required to proceed incomes.
Mether World solicits funding in fiat, bitcoin, mCoin and tether.
Mether World Conclusion
Mether World is an easy MLM crypto Ponzi scheme.
You enroll, you make investments, individuals steal your cash and then you definitely steal cash invested after you. That’s the enterprise in a nutshell.
With nothing marketed or bought to retail prospects, the MLM facet of Mether World operates as a pyramid scheme.
I want I had one thing conclusive to tie Mether World to India past likelihood. There’s little bits and items in every single place however nothing definitive.
Thoughts you it doesn’t matter the place Mether World is run from, however it could affirm Denis Shehu and what’s left of his crew are simply enjoying executives.
In any occasion, we want solely look so far as MNC Coin to see Mether World’s future.
As per the April 2021 promo above, MNC Coin had it’s personal web site up at “mnccoin.io”.
At time of publication that area is on the market.
When Mether World inevitably collapses once more, which shouldn’t be an excessive amount of longer at this fee…
…mCoin will probably be deserted and historical past will repeat itself.
The maths behind MLM Ponzi schemes ensures the vast majority of buyers lose cash.