BehindMLM reviewed Mining Metropolis simply over a 12 months in the past final June.
Since launching as an unregistered securities funding alternative, Mining Metropolis is now providing returns in bitcoin and bitcoin vault.
The compensation plan has additionally been up to date, prompting readers to request a evaluation replace.
Right this moment we revisit Mining Metropolis’s MLM alternative.
The Firm
Nothing a lot appears to have modified on the company entrance. Mining Metropolis remains to be run by CEO Gregory Rogowski (aka Grzegorz Rogowski, Greg Robust).
In our 2019 evaluation we famous Mining failed to supply a company handle on its web site. Neither is location info supplied on any of Mining Metropolis’s social media accounts.
That is nonetheless the case.
Rogowski’s LinkedIn profile cites his location as Warsaw, Poland. That is the assumed location Mining Metropolis is being operated from.
Mining Metropolis’s Merchandise
Mining Metropolis has no retailable services or products, with associates solely in a position to market Mining Metropolis affiliate membership itself.
Mining Metropolis’s Compensation Plan
Mining Metropolis associates make investments funds on the promise of a ROI paid over 1100 days.
- Main – $300
- Normal – $600
- Bronze – $1200
- Silver – $2400
- Gold – $4200
- Platinum – $12,600
Notice that whereas the above quantities are USD, Mining Metropolis solicits funding in bitcoin (BTC) and bitcoin vault (BTCV).
All commissions and bonuses detailed under are paid in BTC and/or BTCV.
Mining Metropolis Affiliate Ranks
There are eight affiliate ranks inside Mining Metropolis’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Resident – personally make investments at the very least $300
- Citizen – personally make investments at the very least $600
- Metropolis Builder – preserve $600 in lively funding, recruit 5 Residents and generate $12,000 in downline funding quantity
- Metropolis Developer – preserve $600 in lively funding, have a Metropolis Builder in three unilevel staff legs and generate $60,000 in downline funding quantity
- Metropolis Supervisor – make investments $2400 in lively funding, have a Metropolis Developer in three unilevel staff legs and generate $300,000 in downline funding
- Metropolis Chief Supervisor – make investments $4200 in lively funding, have a Metropolis Supervisor in three unilevel staff legs and generate $2,400,000 in downline funding quantity
- Metropolis Mayor – make investments $12,600 in lively funding, have a Metropolis Chief Supervisor in three unilevel staff legs and generate $12,000,000 in downline funding quantity
- Governor – make investments $13,800 in lively funding, have a Metropolis Mayor in three unilevel staff legs and generate $100,000,000 in downline funding quantity
As much as 50% of required downline funding quantity is counted from anybody unilevel staff leg.
“Energetic funding” refers to invested funds which are nonetheless paying a ROI as per Mining Metropolis’s supplied 1100 day contracts.
Residual Commissions (binary)
A binary compensation construction locations an affiliate on the high of a binary staff, cut up into two sides (left and proper):
The primary stage of the binary staff homes two positions. The second stage 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 stage housing twice as many positions because the earlier stage.
Positions within the binary staff are stuffed by way of direct and oblique recruitment of associates. Notice there is no such thing as a restrict to how deep a binary staff can develop.
On the finish of every day Mining Metropolis tallies up new funding quantity on either side of the binary staff.
Funding quantity tracked by way of factors (BV), primarily based on how a lot recruited associates positioned into the binary staff make investments:
- Main bundle funding = 0.5 BV
- Normal bundle funding = 1 BV
- Bronze bundle funding = 2 BV
- Silver bundle funding = 4 BV
- Gold bundle funding = 7 BV
- Platinum bundle funding = 21 BV
On the finish of every day Mining Metropolis tallies up new funding quantity on either side of the binary staff.
For each 5 BV matched on either side of the binary staff, a cycle is generated.
A cycle pays $200, capped primarily based on rank:
- Residents can earn as much as $200 a day
- Residents can earn as much as $800 a day
- Metropolis Builders can earn as much as $1000 a day
- Metropolis Builders can earn as much as $1200 a day
- Metropolis Managers can earn as much as $1600 a day
- Metropolis Chief Managers can earn as much as $2000 a day
- Metropolis Mayors can earn as much as $2400 a day
- Governors can earn as much as $2800 a day
Notice that when the above caps are reached, BV ceased being counted throughout an affiliate’s binary staff for that day.
If commissions earned are lower than the above caps, leftover quantity on the stronger binary staff facet is carried over.
Residual Commissions (unilevel)
A unilevel compensation construction locations an affiliate on the high of a unilevel staff, 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 staff.
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.
Commissions are paid on funding throughout the unilevel staff. Particular residual fee percentages are decided by binary staff placement.
- 5% is paid on personally recruited stronger binary staff facet associates
- 10% is paid on personally recruited weaker binary staff facet associates
- 5% is paid on associates recruited by your personally recruited weaker binary staff facet associates
Simply to make clear, unilevel residual commissions are paid out by way of a unilevel staff, nonetheless residual unilevel fee charges are tied to the place these associates are within the binary staff.
Along with that restriction, Mining Metropolis additionally caps payable residual fee unilevel staff ranges primarily based on rank:
- Residents earn throughout ten unilevel staff ranges
- Metropolis Builders earn throughout fifteen unilevel staff ranges
- Metropolis Builders earn throughout twenty unilevel staff ranges
- Metropolis Managers earn throughout thirty unilevel staff ranges
- Metropolis Chief Managers and better don’t have any stage restrictions
Once more, this doesn’t imply residual unilevel commissions are paid on all associates inside these ranges.
Residual unilevel staff commissions are paid solely on associates who’re positioned within the binary staff (see above), who additionally fall inside these unilevel staff ranges.
Matching Bonus
Mining Metropolis pays a Matching Bonus by way of the identical unilevel compensation construction used to pay residual commissions.
The Matching Bonus is capped at eleven unilevel staff ranges.
The Matching Bonus is paid out on residual binary commissions earned by downline associates throughout these eleven ranges primarily based on rank:
- Residents earn a 5% Matching Bonus on stage 1 (personally recruited associates)
- Residents earn a 5% Matching Bonus on ranges 1 and a couple of
- Metropolis Builders earn a 5% Matching Bonus on ranges 1 to 4
- Metropolis Builders earn a 5% Matching Bonus on ranges 1 to six
- Metropolis Managers earn a 5% Matching Bonus on ranges 1 to eight
- Metropolis Chief Managers earn a 5% Matching Bonus on ranges 1 to 9
- Metropolis Mayors earn a 5% Matching Bonus on ranges 1 to 10
- Governors earn a 5% Matching Bonus on ranges 1 to 11
Reinvestment Commissions
Reinvestment commissions by downline associates are paid in a different way to bundle investments (see residual fee sections above).
Reinvestment is paid utilizing the identical mechanics as residual unilevel staff commissions.
That’s reinvestment commissions are paid on personally recruited associates positioned on either side of the binary staff, in addition to associates recruited by your weaker binary staff facet personally recruited associates.
- 10% is paid on personally recruited stronger binary staff facet associates
- 20% is paid on personally recruited weaker binary staff facet associates
- 10% is paid on associates recruited by your personally recruited weaker binary staff facet associates
As with residual unilevel staff commissions, reinvestment commissions are capped depth clever primarily based on rank:
- Residents earn throughout ten unilevel staff ranges
- Metropolis Builders earn throughout fifteen unilevel staff ranges
- Metropolis Builders earn throughout twenty unilevel staff ranges
- Metropolis Managers earn throughout thirty unilevel staff ranges
- Metropolis Chief Managers and better don’t have any stage restrictions
Mining Metropolis classifies reinvestment as recycling of paid returns put in direction of new funding plans.
Notice that whether or not reinvestment is made in BTC or BTCV issues.
Mining Metropolis associates solely obtain reinvestment commissions in the event that they’ve invested within the cryptocurrency being reinvested.
E.g. to obtain commissions on BTC funding a Mining Metropolis affiliate will need to have an lively BTC funding plan (1100 day ROI contract).
Technology Bonus
The Technology Bonus is paid as a share of reinvestment commissions earned by downline associates.
Generations are tracked by way of the unilevel staff.
Mining Metropolis defines a technology throughout the unilevel staff when an affiliate on the identical or increased rank because the qualifying affiliate is present in a unilevel staff leg.
This affiliate caps off the primary technology for that leg, with the second starting instantly after.
If a second identical or increased ranked affiliate exists deeper in that leg, they cap off the second technology. The third technology begins after them.
If no such affiliate exists, the second technology runs the total depth of the leg.
Utilizing this generational construction, Mining Metropolis associates can earn a share of reinvestment commissions down three generations per unilevel staff leg.
- Metropolis Builders and Metropolis Builders earn a 1% match on the primary and second generations, and 0.5% on the third
- Metropolis Managers and better earn a 1% match on two generations
Becoming a member of Mining Metropolis
Mining Metropolis affiliate membership is tied to a $300 to $12,600 preliminary funding:
- Main – $300
- Normal – $600
- Bronze – $1200
- Silver – $2400
- Gold – $4200
- Platinum – $12,600
Mining Metropolis solicits funding in bitcoin and bitcoin vault.
Conclusion
Since our preliminary evaluation, Mining Metropolis has expanded its funding packages and compensation plan. They’ve additionally added bitcoin vault.
The lengthy and the in need of it although, is that Mining Metropolis remains to be committing securities fraud.
Mining Metropolis associates dump BTC and/or BTCV into the scheme and, as per marketed contracts, accumulate a passive ROI over 1100 days.
How Mining Metropolis generates the passive return is irrelevant. MLM + passive returns = a securities providing.
As a way to function legally, MLM firms providing securities should register with monetary regulators.
This requires mentioned firms to file audited monetary studies, proving they’re doing what they declare to be doing.
Within the case of Mining Metropolis’s securities providing, that’s paying returns 100% of of cryptocurrency derived from mining operations.
Mining Metropolis has not registered with monetary regulators in any jurisdiction it solicits funding in.
The corporate subsequently operates illegally the world over. On high of that, Mining Metropolis can also be working as a pyramid scheme.
Everybody in Mining Metropolis is an affiliate. The corporate has no retail providing and MLM + insignificant or no retail income = a pyramid scheme.
As for bitcoin vault, it was created in December 2019 by MineBest. MineBest is identical firm Mining Metropolis claims to buy mining hash energy from.
For his or her half, Mining Metropolis stresses there is no such thing as a widespread possession between the 2 firms.
Mining Metropolis is just not related to Hexa or MineBest at any stage of proprietorship. It’s separate in possession and operation.
It’s, nonetheless a shopper of MineBest within the scope of apparatus internet hosting and mining upkeep.
We can’t be mentioned to be linked anyway past the binding shopper – contractor settlement.
Whether or not that’s baloney or not is irrelevant to the actual fact Mining Metropolis is committing securities fraud.
For the report although, it is baloney.
In line with his LinkedIn profile, Grzegorz Rogowski labored as Vice President of Advertising and marketing for MineBest from August to October 2018.
One month later he launched Prophetek and presumably set about placing collectively Mining Metropolis.
MineBest is run by proprietor and CEO Eyal Avramovich (proper).
MineBest’s web site area was on the market up till just a few months in the past. It was bought by Avramovich on or round April 2019.
No matter no matter shell firm nonsense they may have occurring;
MineBest == Mining Metropolis. The corporate is owned and operated by Eyal Avramovich (proper) out of Poland.
Rogowski labored for Avramovich earlier than being promoted to the face of Mining Metropolis. He’s principally a puppet however to what diploma is unknown.
To conclude; As their bitcoin mining Ponzi was collapsing in late 2019, Mining Metropolis got here up with BTCV.
BTCV is a shitcoin MineBest can generate on demand at little to no price, permitting them to proceed to pay Mining Metropolis returns.
And whereas Mining Metropolis recruitment is up that technique is working. BTCV has a present public worth of $345.41.
However whereas which may sound spectacular, keep in mind BTCV has actually no worth exterior of Mining Metropolis.
In that sense BTCV is paying homage to BitConnect’s BCC – which throughout the infamous Ponzi’s peak was publicly buying and selling at over $400.
Historical past tells us there’s just one purpose MLM firms commit securities fraud; as a result of they’re working a Ponzi scheme.
That brings us to the mining element of Mining Metropolis, which is actually a clone of BitClub Community’s ruse.
In reality aside from efficiently launching their very own shitcoin (BitClub Community’s ClubCoin flopped), there’s no materials distinction between BitClub Community and Mining Metropolis.
And the similarities would possibly go deeper than you suppose.
I’m going to chorus from leaping down that rabbit gap, and as a substitute stick to what’s verifiable given what is understood.
Mining Metropolis is committing securities fraud. The corporate operates as a pyramid scheme and is probably going, to a point, recycling investing funds to pay marketed 1100 day returns.
As with BitClub Community, or any MLM Ponzi for that matter, Mining Metropolis will collapse when affiliate recruitment stalls.
Mining Metropolis’s preliminary mannequin lasted lower than a 12 months. BTCV has seen the corporate in a position to solicit much more funding, so how lengthy it will play out for is anybody’s guess.
One factor I can let you know is that whereas BitClub Community was run by US scammers, Mining Metropolis is run by European scammers.
Europe has a horrible observe report for regulation of MLM Ponzi schemes.
As I write this, Alexa estimates counsel Japan (41%), South Korea (8%) and Vietnam (7%) are the highest sources of visitors to Mining Metropolis’s web site.
This can be very unlikely Polish authorities are going to do something a couple of Ponzi scheme primarily pillaging Asia.
If Mining Metropolis had been to break down tomorrow, monetary losses could be excessive.
The larger Mining Metropolis will get, the extra devastating these losses are going to be.