Silwana World seems to have launched final 12 months as Silwana Diamond.
Silwana Diamond will create the biggest platform for farmers and consumers from everywhere in the world, enabling them to simply talk with one another, and have fruitful transactions and buying and selling of native and worldwide commodities.
This manner; the brokers can be lower and their commissions in flip will profit you straight.
Round mid 2020 Silwana Diamond was ditched for Silwana World. The name-change coincided with the introduction of GogolCoin.
As we speak Silwana World operates from “silwanaglobal.com” (registered April 2020).
Heading up Silwana World and GogolCoin is founder and CEO Feras Abu-Hdaib (proper).
As of January 2021, Abu-Hdaib is predicated out of Dubai within the UAE.
Probably because of language-barriers, I used to be unable to place collectively an MLM historical past on Abu-Hdaib. From what I used to be capable of piece collectively although, Silwana World seems to be his first MLM enterprise.
Learn on for a full evaluate of Silwana World’s MLM alternative.
Silwana World’s Merchandise
Silwana World has no retailable services or products, with associates solely capable of market Silwana World affiliate membership itself.
Silwana World’s Compensation Plan
Silwana World associates spend money on GogolCoin. Commissions are paid once they recruit others who do the identical.
The minimal funding quantity Silwana World accepts is €500 EUR:
I consider the very best preliminary funding quantity caps out at €50,000 EUR.
Referral Commissions
Silwana World pays referral commissions by way of a 3xx matrix.
A 3xx matrix begins off with three positions on the primary degree:
The second degree of the matrix is generated by splitting these three positions into one other three positions every.
Ranges three and deeper are created in the identical method, with every new degree housing thrice as many positions because the earlier degree.
Positions within the matrix are stuffed by way of direct and oblique recruitment of Silwana World associates.
Commissions are paid out as a proportion of funds invested throughout every degree of the matrix.
- degree 1 – 7% to 10% (variance not defined)
- degree 2 – 5%
- degree 3 – 2.5%
- degree 4 – 1.25%
- degree 5 – 0.625%
Commissions are paid past 5 ranges, equal to half a proportion because the earlier degree.
Degree 6, for instance, pays half of 0.625% or 0.312%.
That is represented as persevering with down a theoretical infinity variety of ranges. Virtually talking you’re not a lot as percentages strategy zero a couple of ranges past ten or so.
Becoming a member of Silwana World
Silwana World affiliate membership is tied to a minimal €500 EUR funding in GogolCoins.
Any further affiliate membership prices or required investments aren’t disclosed.
Conclusion
No matter Silwana Diamond’s unique funding plan was flopped. And so we now have one other cookie-cutter MLM crypto pump and dump scheme.
This shouldn’t come as a shock, seeing as Feras Abu-Hdaib has been crypto bro’ing it up on social media for a couple of years.
At the beginning Silwana World is providing a passive funding alternative.
The one purpose anybody is investing in GogolCoin is the same old “moon lambo” BS, i.e. an expectation of cashing out greater than they invested.
In Silwana World’s advertising and marketing the corporate represents it has a presence internationally:
Silwana World isn’t registered to supply securities in any of those jurisdictions, which means the corporate is committing securities fraud and working illegally.
One factor to notice is that Silwana World is primarily concentrated throughout the Center East.
Center East authorities aren’t identified for being lively with respect to MLM securities fraud regulation.
The MLM facet of Silwana World is pyramid scheme territory, with commissions tied to funding by recruited associates.
As to GogolCoin, I get the sensation somebody was making an attempt to deduce a phonetic connection to Google.
Both that or it’s “gogglecoin”, which for sounding silly isn’t any higher.
GogolCoin has its personal web site up over at “goglcoin.io”.
GogolCoin is the same old resolution and not using a downside crypto nonsense. One thing a few “CSH Challenge” sensible residence app as a result of y’know, it’s not like we don’t have sensible residence apps already.
Digital Sensible Houses, which runs on cryptocurrency, is a system that meets quite a lot of wants and solves the issues and hardships confronted by property homeowners.
Utilizing our system, the proprietor could have the power to remotely handle all elements of the property (or properties) she or he owns.
Clear as mud? Nice, now hand over your cash.
Already possible filled with bagholders who bought scammed within the failed Silwana Diamond scheme, by investing your principally transferring their losses onto your self.
GogolCoin will both fizzle out or go pump and dump on some dodgy change. For now, no matter GogolCoin is being exchanged for internally will not be disclosed.
In any occasion, be it an inside crash or pump and ump, the vast majority of Silwana World associates will lose cash.