The King’s Life operates within the MLM cryptocurrency area of interest.
The corporate is headed up by CEO Louis Casper Dunweber.
BehindMLM solely lately got here throughout Dunweber in our BitMonsters overview, printed final September.
BitMonsters represented itself to be a Dubai based mostly MLM Ponzi scheme.
BitMonsters’ web site continues to be up, and nonetheless cites Dunweber as CEO of the corporate:
SimilarWeb tracked 20,000 visits to BitMonsters web site in December 2022, up from 9800 in November. For an MLM Ponzi scheme, that is nearly as good as useless.
I’m unsure if The King’s Life is an unofficial reboot of BitMonsters, however Dunweber fronting to MLM corporations on the identical time is actually unusual.
In BehindMLM’s BitMonsters overview I cautioned that Dunweber may be a Boris CEO. This holds true for The King’s Life.
DunWeber has ties to Russia and Dubai, which is typical of Russian scammers given the scenario in japanese Europe over the previous yr.
In distinction to BitMonsters, SimilarWeb tracked 5.7 million visits to The King’s Life’s web site in December 2022.
The vast majority of this site visitors originates from Russia (26%), Ukraine (10%) and Brazil (4%).
Learn on for a full overview of The King’s Life’s MLM alternative.
The King’s Life’s Merchandise
The King’s Life has no retailable services or products.
Associates are solely capable of market The King’s Life affiliate membership itself.
The King’s Life’s Compensation Plan
The King’s Life associates make investments tether in KING tokens.
KING tokens are bought to early traders for $0.0001 to $0.006.
Referral commissions are paid on KING funding down two ranges of recruitment (unilevel):
- stage 1 (personally recruited associates) – 10%
- stage 2 – 5%
Becoming a member of The King’s Life
The King’s Life affiliate membership seems to be free.
Full participation within the connected earnings alternative requires invesment in KING tokens.
The King’s Life Conclusion
There’s to not a lot to The King’s Life. It’s your typical shitcoin Ponzi, marketed purely on “quantity go up”.
The King Token is constructed to offer Secure, Safe, Decentralized, and Fast transactions to the members of The King Community.
Furthermore, it goals to develop and admire in worth over time, offering beneficial properties for our members.
And so you will have early The King’s Life traders join, with the goal of finally stealing subsequently invested tether.
KING itself is a BEP-20 shit token. These take a couple of minutes to arrange at little to not price.
Apparently there are 200 billion KING to go spherical. And underscoring their worthlessness, The King’s Life are evidently giving them away like sweet:
In an try to stop the inevitable Ponzi shit token dump, The King’s Life locks up invested tokens:
- Non-public Sale Spherical 1 (40 billion tokens for early traders, i.e. the most important scammers) – put money into KING at $0.0001, tokens are locked up for 12 months
- Non-public Sale Spherical 2 (10 billion tokens) – put money into KING at $0.0002, tokens are locked up for 9 months
- Non-public Sale Spherical 3 (10 billion tokens) – put money into KING at $0.0004, tokens are locked up for six months
- Non-public Sale Spherical 4 (10 billion tokens) – put money into KING at $0.0008, tokens are locked up for 3 months
- Non-public Sale Spherical 5 (20 billion tokens) – put money into KING at $0.0016, tokens are locked up for 30 days
- Non-public Sale Spherical 6 (10 billion tokens) – put money into KING at $0.002, tokens are locked up for 14 days
- Non-public Sale Spherical 7 (7 billion tokens) – put money into KING at $0.004, tokens are locked up for 14 days
- Non-public Sale Spherical 8 (3 billion tokens) – put money into KING at $0.006, tokens are locked up for 7 days
Finally KING might be dumped on dodgy public exchanges, with a goal itemizing worth of $0.01. Count on that to plummet when the inevitable dump occurs.
Oh and naturally the above timelines and restrictions don’t apply to Dunweber and the Russian/Ukrainian scammers he’s working with.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This can see KING’s cash-out worth plummet, leading to a loss for almost all of traders.
Whether or not they select to acknowledge the loss or not, the vast majority of The King’s Life traders will wind up bagholding yet one more nugatory Ponzi shitcoin.
BitMonsters didn’t have its personal Ponzi shitcoin. Associates invested tether and bitcoin, so as soon as the kitty was drained that was it.
The King’s Life looks like a pure evolution of BitMonsters. As an alternative of simply collapsing, The King’s Life will drag on as KING floats round in shitcoin limbo.
It’s a way more messy collapse, primarily benefiting Dunweber and the scammers he’s working with.