My Crypto Seek the advice of’s web site incorporates no details about who owns or runs the enterprise.
My Crypto Seek the advice of’s web site area (“mycryptoconsult.io”) was first registered in June 2018.
The area registration was final up to date with personal info on June sixth, 2019.
The one government info I used to be capable of dig up was Willi Morant, who credit himself as “Venture Improvement”:
In line with his private Fb web page, Morant acquired concerned with My Crypto Seek the advice of in late 2018.
Previous to My Crypto Seek the advice of Morant was selling the collapsed Vacation Coin Membership cycler and FGXpress.
Of notice is My Crypto Seek the advice of could have ties to FutureNet:
As above, earlier this yr FutureNet associates have been pitching integration of FutureNet’s failed FuturoCoin Ponzi exit-scam coin.
As all the time, if an MLM firm isn’t brazenly upfront about who’s operating or owns it, assume lengthy and laborious about becoming a member of and/or handing over any cash.
My Crypto Seek the advice of’s Merchandise
My Crypto Seek the advice of has no retailable services or products, with associates solely capable of market My Crypto Seek the advice of affiliate membership itself.
My Crypto Seek the advice of’s Compensation Plan
My Crypto Seek the advice of associates spend money on GLAM tokens on the illustration the tokens will enhance in worth.
- QuickStarter – spend money on 1000 GLAM tokens (300% token bonus)
- Leverage Pack – spend money on 9,950 GLAM tokens (300% token bonus)
- 7PayMaxx All-In-One – spend money on 29,500 GLAM tokens (325% token bonus)
- VIP and Elite – spend money on 10,000,000 GLAM tokens
Every funding tiers caps what number of GLAM tokens an affiliate can have:
- QuickSilver tier associates can accumulate as much as 44,000 GLAM tokens, commissions additionally capped at $2000
- Leverage Pack tier associates can accumulate as much as 6,500,000 GLAM tokens, 6 month membership
- 7PayMaxx All-In-One tier associates can accumulate as much as 22,000,000 GLAM tokens, 12 month membership
- VIP and Elite tier associates can accumulate as much as 7,500,000,000 GLAM tokens
Recruitment Commissions
My Crypto Seek the advice of associates obtain 10% of funds invested by personally recruited associates.
Residual Commissions
My Crypto Seek the advice of pays residual commissions by way of a binary compensation construction.
A binary compensation construction locations an affiliate on the prime of a binary staff, break 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 by way of direct and oblique recruitment of associates. Observe there isn’t a restrict to how deep a binary staff can develop.
After an unspecified period of time (usually day by day or weekly), My Crypto Seek the advice of tallies up new funding quantity on either side of the binary staff.
Residual commissions are paid as a share of funds invested on the weaker binary staff aspect.
My Crypto Seek the advice of’s compensation plan states both 5% or 10% is paid out, primarily based on how a lot an affiliate themselves invests.
As soon as invested quantity is paid out on, it’s matched with quantity on the stronger binary staff aspect and flushed.
Matching Bonus
My Crypto Seek the advice of pays a Matching Bonus on downline residual commissions.
The Matching Bonus is paid out by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel staff, with each personally recruited affiliate positioned immediately below 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.
My Crypto Seek the advice of caps the Matching Bonus at ten ranges.
What number of ranges an affiliate can earn the Matching Bonus on is set by their private recruitment efforts:
- recruit two associates and obtain a 5% match on ranges 1 and a couple of
- recruit three associates and obtain a 5% match on ranges 1 to three
- recruit 4 associates and obtain a 5% match on degree 1 to 4
- recruit 5 associates and obtain a 5% match on ranges 1 to five
- recruit six associates and obtain a 5% match on ranges 1 to six
- recruit seven associates and obtain a 5% match on ranges 1 to 7
- recruit eight associates and obtain a 5% match on ranges 1 to eight
- recruit 9 associates and obtain a 5% match on ranges 1 to 9
- recruit ten associates and obtain a 5% match on ranges 1 to 10
A ten% GLAM token bonus can be paid out.
Vacation and Automotive Bonus
My Crypto Seek the advice of markets a Vacation & Automotive Bonus of their compensation plan.
As above, the bonus is a tie in with Vacation Coin Membership.
Contemplating Vacation Coin Membership has collapsed, how the Vacation and Automotive Bonus works is unclear (particulars should not offered).
Becoming a member of My Crypto Seek the advice of
My Crypto Seek the advice of is tied to an funding in GLAM tokens.
Relying on how a lot is invested, My Crypto Seek the advice of associates should reinvest each 6 or 12 months.
In line with My Crypto Seek the advice of’s web site, the present inner worth of GLAM tokens is 12 cents.
Conclusion
My Crypto Seek the advice of is yet one more MLM pump and dump shitcoin alternative.
GLAM tokens are generated on demand, bought for a very made up value, and the one folks investing in them are these result in consider they’ll magically go up in value.
There’s completely nothing backing GLAM tokens made up inner worth, apart from the fiction there’ll all the time be extra gullible bagholders to buy them.
In actuality all that’s taking place is the nameless GlamJet Basis house owners are promoting GLAM tokens that price them nothing to generate to My Crypto Seek the advice of associates.
That’s the one actual move of cash, the remaining is monopoly cash shenanigans.
What’s telling is GlamJet Basis and their Glam tokens have been round for some time. But regardless of that, GLAM is nonetheless nothing greater than a pump and dump shitcoin.
As for GlamJet Basis, it markets itself as a “dApp platform”:
Dapps, so far as revenue alternatives go, are nothing greater than Ponzi schemes.
The excellent news is My Crypto Consults’ end-game is so simple as their fraudulent enterprise mannequin.
As soon as Willi Morant and whoever he’s working with get bored, GLAM will doubtless be dumped on a dodgy public change.
Determined buying and selling amongst My Crypto Seek the advice of associates will push GLAM’s made-up worth in the direction of it’s precise $0 worth, and that’ll be that. One other shitcoin within the MLM crypto token graveyard.
For his half, Willi Morant demonstrates some degree of self-awareness:
My Crypto Seek the advice of itself additionally seems self-aware of its fraudulent enterprise mannequin:
The acquisition of GLAM tokens shall be prohibited for contributors established in any of the next nations: China, Singapore and the Unites States of America.
Cryptocurrency and even cryptocurrency funding alternatives aren’t unlawful within the US. Supplied after all you register with the SEC, have an exterior income, and file paperwork proving as a lot.
Scams like My Crypto Seek the advice of concern being focused for securities fraud nevertheless, and so you’ve got the US excluded.
Different jurisdictions the place My Crypto Seek the advice of’s admins really feel they’re unlikely to be pursued? Rip-off on.
Funnily sufficient regardless of prohibiting funding from the US, My Crypto Seek the advice of’s compensation plan quotes funding in USD.
Go determine.