MyGeces System: Safe Cryptocurrency MLM Cycler Program?
For a long time, working-class people have been looking for multiple streams of income, for a better lifestyle.
There are many schemes that offer, for a small initial investment, a large return. The MyGeces system does exactly the same.
What is the MyGeces System
MyGeces System seems to have no products or services associated with itself. It looks to sell on its name with members being expected to market MyGeces membership itself. The promise is that for a small initial investment the person can earn up to $2000.
How does it work
MyGeces System offers membership for free, however, to be part of the payment structure members need to purchase a $10 or $30 positions. The new member is then placed in a nine-tier 2×2 matrix, with two people directly under.
These two will be the first level, with a second level generated when those people sign up more members, and so on. These places are filled up by buying into new or existing positions in the System. Once all recruitment is done, a cycle completes and triggers payments as well as a new cycle for the next matrix.
When someone purchases a cycle position or cycles into a new matrix, the person gets a commission. The new recruits also pass on commissions to the original recruiter. This scheme has a unilevel compensation structure. Anyone who joins is placed directly under the recruiter, and the recruiter levels up. Members pass on the commissions on their first and fourth recruitments. Again the topmost agent gets a $200 commision.
Cycle commissions across all tiers are simple accumulations. It starts with the base position, where there is a $5 commision all the way to the “Diamond Matrix” which gives an $800 commission. Then there is a Sponsor bonus that is paid out when affiliates hit the ceiling of their respective cycle. This again starts off at the base at$5 and at the top offers $400.
This system is a throwback to the early investment days when the market was rife with Ponzi schemes. Since cycles don’t fill linearly, the actual cost of investment to generate a cycle is much higher. On visiting the website, it seems to be perpetually in “under meantime”. There is no public information about the owner. The site has been privately registered, but only the date of its registration is known.
As is the norm, these schemes usually benefit the administrators and those highest on the chain. A MLM company that hides behind the garb of anonymity should be viewed with great suspicion and one needs to be extremely cautious before thinking about joining.