The King’s Life operates in the MLM cryptocurrency niche.
The company is headed up by CEO Louis Casper Dunweber.
BehindMLM only recently came across Dunweber in our BitMonsters review, published last September.
BitMonsters represented itself to be a Dubai based MLM Ponzi scheme.
BitMonsters’ website is still up, and still cites Dunweber as CEO of the company:
SimilarWeb tracked 20,000 visits to BitMonsters website in December 2022, up from 9800 in November. For an MLM Ponzi scheme, this is as good as dead.
I’m not sure if The King’s Life is an unofficial reboot of BitMonsters, but Dunweber fronting to MLM companies at the same time is certainly strange.
In BehindMLM’s BitMonsters review I cautioned that Dunweber might 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 situation in eastern Europe over the past year.
In contrast to BitMonsters, SimilarWeb tracked 5.7 million visits to The King’s Life’s website in December 2022.
The majority of this traffic originates from Russia (26%), Ukraine (10%) and Brazil (4%).
Read on for a full review of The King’s Life’s MLM opportunity.
The King’s Life’s Products
The King’s Life has no retailable products or services.
Affiliates are only able to market The King’s Life affiliate membership itself.
The King’s Life’s Compensation Plan
The King’s Life affiliates invest tether in KING tokens.
KING tokens are sold to early investors for $0.0001 to $0.006.
Referral commissions are paid on KING investment down two levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 10%
- level 2 – 5%
Joining The King’s Life
The King’s Life affiliate membership appears to be free.
Full participation in the attached income opportunity requires invesment in KING tokens.
The King’s Life Conclusion
There’s not to much to The King’s Life. It’s your typical shitcoin Ponzi, marketed purely on “number go up”.
The King Token is built to provide Safe, Secure, Decentralized, and Quick transactions to the members of The King Network.
Moreover, it aims to grow and appreciate in value over time, providing gains for our members.
And so you have early The King’s Life investors sign up, with the aim of eventually stealing subsequently invested tether.
KING itself is a BEP-20 shit token. These take a few minutes to set up at little to not cost.
Apparently there are 200 billion KING to go round. And underscoring their worthlessness, The King’s Life are evidently giving them away like candy:
In an attempt to prevent the inevitable Ponzi shit token dump, The King’s Life locks up invested tokens:
- Private Sale Round 1 (40 billion tokens for early investors, i.e. the biggest scammers) – invest in KING at $0.0001, tokens are locked up for 12 months
- Private Sale Round 2 (10 billion tokens) – invest in KING at $0.0002, tokens are locked up for 9 months
- Private Sale Round 3 (10 billion tokens) – invest in KING at $0.0004, tokens are locked up for 6 months
- Private Sale Round 4 (10 billion tokens) – invest in KING at $0.0008, tokens are locked up for 3 months
- Private Sale Round 5 (20 billion tokens) – invest in KING at $0.0016, tokens are locked up for 30 days
- Private Sale Round 6 (10 billion tokens) – invest in KING at $0.002, tokens are locked up for 14 days
- Private Sale Round 7 (7 billion tokens) – invest in KING at $0.004, tokens are locked up for 14 days
- Private Sale Round 8 (3 billion tokens) – invest in KING at $0.006, tokens are locked up for 7 days
Eventually KING will be dumped on dodgy public exchanges, with a target listing price of $0.01. Expect that to plummet when the inevitable sell off happens.
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, once affiliate recruitment dries up so too will new investment.
This will see KING’s cash-out value plummet, resulting in a loss for the majority of investors.
Whether they choose to acknowledge the loss or not, the majority of The King’s Life investors will wind up bagholding yet another worthless Ponzi shitcoin.
BitMonsters didn’t have its own Ponzi shitcoin. Affiliates invested tether and bitcoin, so once the kitty was drained that was it.
The King’s Life seems like a natural evolution of BitMonsters. Instead of just collapsing, The King’s Life will drag on as KING floats around in shitcoin limbo.
It’s a much more messy collapse, primarily benefiting Dunweber and the scammers he’s working with.