Regardless of not having an connected services or products until at the least Christmas 2019, Richard Smith is gearing as much as launch R Community.
What is going to R Community pay commissions on with out an connected services or products?
Glad you requested. Learn on for a full overview of the R Community MLM alternative.
Along with working the corporate, Richard Smith (proper) is credited as R Community’s President.
Our supply materials for this overview is a presentation given by Smith and people he’s working with, dated on or round April twenty fifth.
In his presentation, one of many first issues Smith eagerly tells these in attendance is
for the primary time within the historical past of community advertising and marketing, you’re not promoting something.
R Community follows on from our earlier protection of Digital Vault and RevvCard.
The Digital Vault branding has been dropped. RevvCard continues to be getting used, though plans to promote the playing cards in Walmart have additionally been dropped.
Smith states he “hopes” RevvCard can be able to launch round Christmas 2019 on the earliest.
RevvCard continues to be tentatively priced at $150 for retail prospects and $100 for R Community associates.
A RevvCard interim app is supposedly going to be made obtainable sooner or later, nevertheless particular particulars on which can be sketchy.
Not sketchy in any respect are Smith’s representations that R Community goes to function as a financial institution.
The place can we get the cash to pay out the TBS, group constructing construction?
We get that income as a result of we personal the banks.
We personal the banks. You’re gonna have a possibility to personal the banks.
I’ve a contract as a result of we’re the proprietor of that financial institution. The lion’s share of these service provider charges will go to you guys.
Do you begin seeing what the ability is?
When requested particularly in regards to the identify of the financial institution, Smith states;
The CEO of the financial institution is negotiating the financial institution that we’re gonna identify this factor.
All people in right here … will know this identify. I’m not gonna inform what it’s as a result of he’ll kill me.
Proper.
Apparently the financial institution aspect of R Community is being put collectively by Trent Walker.
On LinkedIn Walker cites himself as CEO of CEO at “NetChain Squared (NetChain2)”. Smith proclaims Walker was answerable for Google’s funds, again when the corporate was producing ~$700 million or so a month.
Getting again to R Community’s banking preparations, regardless of not being willingly to reveal specifics, Smith reassures these in attendance that “each contract has been signed”.
Oh and supposedly subsequent yr, a cryptocurrency part can be added to RevvCard.
The reason being it’s one thing that’s by no means been carried out earlier than, and no person’s gonna do it until we do it.
The blokes that created the highest three cash for quantity, not greenback quantity, transaction quantity, is creating what we’re calling HyperDex.
It’s a decentralized change. And all of the cash which can be on all of the exchanges can be housed in your change.
Your pockets can be housed in your card (RevvCard).
Cryptocurrency coin to coin transfers inside R Community wallets will appeal to a $1 flat price. Cryptocurrency coin to fiat transfers will appeal to a $5.95 flat price.
And keep in mind how Nui *winkwink* completely has nothing to do with R Community *nudgenudge*?
That is the one factor we’re gonna do for kala; as soon as Darren (Olayan) will get it on an change, and I don’t care what change it’s on, we’re gonna have it within the HyperDex.
It is going to be the one coin out of all of the cash which can be on all of the exchanges, that you simply don’t should promote it earlier than you go purchase your self a pizza.
You’ll be capable of take your card, swipe that honkin’ factor, and haven’t any money in any respect within the financial institution.
It’ll robotically know that you’ve kala, convert it to regardless of the gross sales worth is and pay to your bloomin’ pizza on the fly.
Why is that so cool?
It’s gonna make kala go whooooo! Proper?
That’s what we’re doing for kala.
Fairly clearly R Community’s first associates are present or former Nui kala token bagholders.
In try to resuscitate curiosity in kala, Nui just lately introduced a “Kala Offers” e-commerce platform (strive to not roll your eyes).
Pertaining to Smith’s feedback above, Nui getting kala listed on a public change is solely marked “future”.
So if R Community’s product isn’t prepared, why the heck are they gearing as much as launch their MLM alternative now?
The compensation plan aspect of the R Community presentation was hosted by Jeremy Jenkins.
Within the subsequent week, you guys are all gonna get loaded within the system. And also you’ll get the chance to pay your subscription price.
There’s a code, that in the event you had been a Nui member, due to my previous, you get a reduction based mostly on the actual fact you had been a Nui member.
R Community associates are being charged $65 after which $35 a month.
Associates have to preserve paying $35 a month to stay fee certified. Commissions are paid on recruited associates, who additionally pay $35 a month charges.
All people in right here has the chance to make a full time earnings, even earlier than we roll the cardboard out.
How a lot of a reduction Nui associates obtain isn’t disclosed.
Notice that beforehand and regardless of Richard Smith being a co-founder of the corporate, Nui has acknowledged it has nothing to do with R Community.
R Community pays recruitment commissions by way of a 3×10 matrix.
A 3×10 matrix locations an R Community affiliate on the high of a matrix, with three positions instantly beneath them:
These three positions kind the primary stage of the matrix. The second stage of the matrix is generated by splitting these first three positions into one other three positions every (9 positions).
Ranges three to 10 of the matrix are generated in the identical method, with every new stage housing thrice as many positions because the earlier stage.
Positions within the matrix are crammed by way of direct and oblique recruitment of R Community associates.
Stuffed positions within the matrix generate upfront and residual commissions:
- $11.50 on the direct recruitment of as much as three associates after which $2.50 a month
- $2 per recruited matrix group affiliate who pays their $35 month-to-month price.
Along with paying $35 a month, R Community associates additionally should personally recruit to unlock commissions on matrix group ranges:
- recruit one affiliate to unlock the primary matrix stage
- recruit two associates to unlock the second matrix stage
- recruit three associates to unlock the third matrix stage
- recruit 4 associates to unlock the fourth matrix stage
- recruit 5 associates to unlock the fifth matrix stage
- recruit six associates to unlock the sixth matrix stage
- recruit seven associates to unlock the seventh matrix stage
- recruit eight associates to unlock the eighth matrix stage
- recruit 9 associates to unlock the tenth matrix stage
Notice that recruited associates should be paying $35 a month to fulfill the above qualification standards.
Commissions payable to associates who don’t preserve their $35 a month price cost are rolled up.
Along with affiliate charges, when RevvCard launches and the banking channels are arrange, R Community may even pay 1% of cash spent by means of RevvCard debit accounts and 1% of mortgage funds made throughout the community.
RevvCard gross sales may even generate $10 one-time to pay throughout the matrix ($1 per stage).
We’re gonna prelaunch beginning the primary of Could. And we’re gonna construct out our groups till we’re truly promoting playing cards.
With 100% of commissions paid out tied to recruitment, R Community is prelaunching as a pyramid scheme.
Contemplating Jeremy Jenkins credit Richard Smith with authoriting Wake Up Now’s compensation plan, maybe that’s not all that shocking.
WakeUpNow was a pyramid scheme that collapsed in early 2015. It’s believed to have induced tens of tens of millions of {dollars} in losses.
Along with pyramid fraud, pay to play can be a regulatory concern inside R Community.
The pay to play ingredient of R Community sees associates pressured to pay a $35 month-to-month price.
Non-payment of this price sees associates forfeit earned recruitment commissions.
Maybe nowhere is that this higher illustrated, than in Richard Smith’s remark that R Community associates may need to cowl $35 charges, in an effort to earn extra.
A part of the KYC is everybody’s gonna have a mugshot.
The graphic artist guys are gonna snip it out … so that you’re gonna see the faces of all people.
In the event that they don’t go processed by means of, there’ll be a purple circle round them. And you’ll hit that purple circle and name them … to say, “what I gotta do to assist ya?”
It’s possible you’ll every now and then need to pay the $35. Trigger in the event you obtained 2700 folks on tier ten it’s definitely worth the thirty-five flippin’ bucks to go make no matter that’s.
Worse nonetheless, Jenkins states R Community will use concern of loss emails (based mostly on calculated earnings), to encourage associates to pay charges.
Mainly $5 per particular person, on common, is what we’re gonna receives a commission for each particular person in our (matrix).
So in the event you had a full matrix, 88,572 occasions 5… holy cow! *laughter*
And whereas sooner or later down the monitor R Community may introduce retail RevvCard buyer necessities, associates who enroll now are being informed they’ll by no means have to fret about it.
You by no means have to fret about prospects in the event you are available in on this prelaunch.
An MLM with out retail prospects is a pyramid scheme. And never solely are pyramid schemes unlawful, they mathematically assure that almost all of contributors lose cash.
Particularly in R Community this comes all the way down to the $35 month-to-month price. As soon as recruitment dies down, these on the backside of the company-wide matrix are going to be shedding $35 a month.
They cease paying their month-to-month price, which means these above them cease getting paid.
They ultimately cease paying their charges and so forth and so forth, till ultimately an irreversible collapse is triggered.
I’m folks on this viewers who I imagine will make unbelievable cash.
Throw in potential banking regulation purple flags (I can’t say for positive as a result of we don’t know any specifics but), and there’s an entire lot for regulators to go after R Community for.
Replace nineteenth March 2021 – As of March 2021, R Community has successfully been merged into iX International.