Welcome to My Crypto Consult review.
One of the questions that I am going to answer today is if My Crypto Consult is a scam or not.
I personally wouldn’t want to join a company that gets shut-down due to bad business decisions or bad compliance.
So, I am going to take the time to research and review the information about the company, the products, and the compensation plan to see if they have everything they need to have to make a good decision on whether or not to join.
The reason why I am taking the time to look deeper into this opportunity is due to some social interest that I noticed.
Also, before you go, make sure to take advantage of grabbing one of my free money-making bonuses that are on this page.
With that said, let’s dig in and see what we can learn.
What Is My Crypto Consult? – Review Intro
My Crypto Consult is an MLM company that you can join and build a downline of other affiliate members to earn commissions.
The company also offers a promise ROI that you can earn from as well.
The niche that I would consider My Crypto Consult to be in is the general investment MLM niche.
Company Overview
One of the things that we like to see when taking a close look at any MLM company is who the owner is.
This gives us the ability to learn more about the background and experience the owner has to give us a better idea about who we will be helping build their business.
I personally wouldn’t want to work with someone that has a shady past.
With that said, when taking a look at the company website, I was unable to locate any information about the owner on any of the pages.
I went and researched the domain name and found:
- The domain name “mycryptoconsult.io” was first registered on 6-2018.
- It was updated with new ownership on 6-6-2019.
As mentioned before, we couldn’t find any information about who owns the company, but we found the name Will Morant that labels himself as “Project Development”.
It looks like he didn’t start when the company launched, Will jumped on board in late 2018.
The only information we have about his background in that he was involved with promoting Holiday Coin Club and FGExpress.
This is all of the information that I have about the company, let’s continue to the next section.
Another great review: Cloud Token Review – Crypto Scam? Compensation Plan Exposed
What Products Does My Crypto Consult Offer?
In this section of my review, I am going to cover the information about the products that My Crypto Consult offers.
When taking a look at the company website, there were no retail products or services that we were able to find.
All you can do is join as an affiliate member to earn from the promised ROI or recruit others.
This is all of the information that I have about the products that the company offers, let’s continue.
Another great review: Sports Trading BTC Review – Sports Trading Scam? Compensation Plan Exposed
How Does The My Crypto Consult Compensation Plan Work?
In this section of the review, I am going to cover the information on how My Crypto Consult compensation plan works.
There are 2 main ways that you can make money with My Crypto Consult which are:
- ROI Commissions
- Referral Commissions
Getting Started
The first thing you will have to do to participate in the opportunity is to join.
You will have to invest in one of the membership levels in order to join My Crypto Consult.
When you make your investment you are investing in what the company calls its GLAM tokens.
What the company says is that these “GLAM” tokens will go up in value at some time.
At this time the “GLAM” tokens have a value of 12 cents each according to the company.
Here is a breakdown of each package level:
- QuickStarter Level – This level requires an investment of 1000 GLAM tokens. This level gives you a 300% token bonus.
- Leverage Pack Level – This level requires an investment of 9,950 GLAM tokens. This level gives you a 300% token bonus.
- 7PayMaxx All-In-One Level – This level requires an investment of 29,500 GLAM tokens. This level gives you a 325% token bonus.
- VIP and Elite Level – This level requires an investment of 10,000,000 GLAM tokens.
Each level will have a cap and will depend on the number of GLAM tokens an affiliate member has.
Here is a breakdown of those caps:
- QuickSilver Level – Affiliate members can generate up to 44,000 GLAM tokens at this level and has a commission cap of $2000.
- Leverage Pack Level – Affiliate members can generate up to 6,500,000 GLAM tokens at this level with a 6-month membership.
- 7PayMaxx All-In-One Level – Affiliate members can generate up to 22,000,000 GLAM tokens at this level with a 12-month membership.
- VIP and Elite Level – Affiliate members can generate up to 7,500,000,000 GLAM tokens.
Sponsoring Commissions
For every personally recruited member that you bring in and make an investment into one of the levels that My Crypto Consult offers, you will earn 10% from their investment.
Residual Commissions
My Crypto Consult also offers residual commissions.
This is paid and tracked using the MLM binary compensation plan structure.
For those that are not familiar with how the binary compensation plan structure works, here is a quick breakdown:
- Binaries only have 2 legs (left and right)
- To qualify for binary commissions you must personally recruit and maintain 1 paid member on the left leg and 1 on the right leg.
- Each leg can be filled with direct and indirect sponsorships.
- Either leg can have unlimited depth.
- Each leg counts for its own separate volume.
- The leg that has fewer sales volume is considered the weaker or your “PAY” leg.
- The pay leg is what you get paid on.
The company will pay you 5% to 10% per pay period on your pay leg.
The company doesn’t specify when it actually pays these commissions to you.
Matching Bonus Commissions
The company also offers matching bonus commissions.
This is paid and tracked using the unilevel compensation plan structure.
For those that are not familiar with how the unilevel compensation plan works, here is a quick breakdown:
- 1st Level – The first level of your unilevel compensation plan will only have your personally recruited members on it.
- 2nd Level – The second level of your unilevel compensation plan will only have team members that your level 1 team members personally recruited on it.
- 3rd Level – The third level of your unilevel compensation plan will only have team members that your level 2 team members personally recruited on it.
- and so on…
Hopefully, this explanation makes it more clear on how the unilevel works for those that were not that familiar with this compensation plan structure.
The company offers a total of 10 levels of unilevel commissions that you can earn from.
Here is a breakdown of what you can earn on this bonus for each level and the qualifications for each:
- To qualify to earn on levels 1 and 2, you will need to recruit 2 investing affiliate members. You will earn a 5% match on these levels.
- To qualify to earn on levels 1 through 3, you will need to recruit 3 investing affiliate members. You will earn a 5% match on these levels.
- To qualify to earn on levels 1 through 4, you will need to recruit 4 investing affiliate members. You will earn a 5% match on these levels.
- To qualify to earn on levels 1 through 5, you will need to recruit 5 investing affiliate members. You will earn a 5% match on these levels.
- To qualify to earn on levels 1 through 6, you will need to recruit 6 investing affiliate members. You will earn a 5% match on these levels.
- To qualify to earn on levels 1 through 7, you will need to recruit 7 investing affiliate members. You will earn a 5% match on these levels.
- To qualify to earn on levels 1 through 8, you will need to recruit 8 investing affiliate members. You will earn a 5% match on these levels.
- To qualify to earn on levels 1 through 9, you will need to recruit 9 investing affiliate members. You will earn a 5% match on these levels.
- To qualify to earn on levels 1 through 10, you will need to recruit 10 investing affiliate members. You will earn a 5% match on these levels.
There is also a 10% GLAM token bonus that is paid out by the company.
Holiday and Car Bonus
There is mention that the company offers a holiday and car bonus, but the company fails to provide any information on how to qualify for this additional bonus that is on their compensation plan.
With that said, this is all of the information that I have about the compensation plan and how you can make money with the My Crypto Consult opportunity, let’s continue.
Another great review: BitFund4U Review – Scam Crypto Gifter? Compensation Plan Breakdown
My Crypto Consult Q and A Section
In this section of the review, I am going to cover some of the questions that you might have when thinking about joining the My Crypto Consult Opportunity.
Is My Crypto Consult BBB Accredited?
No, My Crypto Consult is not accredited with the Better Business Bureau at this time.
This is not an indication that the company is a scam, it just means that they are not listed or accredited with the BBB at this time.
There are a ton of companies that have been running for years that we found that are still not listed on the BBB.
I usually only go by the research that I have reviewed to make my final rating about any opportunity I review.
What’s The Cost To Join My Crypto Consult?
The minimum cost to join My Crypto Consult is 1000 GLAM tokens which work out to be 12 cents per GLAM token.
This amount comes out to be $120 to get started.
The investment will also have to be reinvested every 6-12 months depending on the level that you join.
GLAM tokens are valued by the company, not by any outside source, so essentially these tokens are worthless outside of this opportunity.
With that said, let’s answer the question that many of you have which is…
Is My Crypto Consult A Scam or Legitimate Opportunity?
In my opinion, no, My Crypto Consult is not a scam but it does look like they have some serious issues.
One of the issues is that they offer an MLM structure business model and offer zero retail products or services.
This is not legal in the US and the company could be forced to shut-down operations in the US.
The fact they offer a token that holds no value outside of the company is a big issue because the token holds no value outside of the company.
I don’t know about you, but why would you ever invest in something that has zero value.
You might as well invest in a bunch of promises made by strangers.
With that said, let’s finish up.
More related articles: MLM Company Reviews, Scams, and Compensation Plans
My Final My Crypto Consult Review and Thoughts
In the final section of my review, I am going to share my final thoughts and rating about the My Crypto Consult opportunity as a whole.
I have taken the time to research and review the information about the company, the products, and the compensation plan.
I have also shared my thoughts about whether or not the opportunity is a scam or not and also gave you some reasons why I feel this way.
At this point, you should have a clear idea about what My Crypto Consult is, how it works, what they offer, and how you can make money with it.
What are your thoughts about it?
But here is the question…
Would I recommend joining My Crypto Consult?
After I reviewed how it works and what is offered, I do not recommend the My Crypto Consult opportunity at this time.
There are too many red-flag issues that I see with the business model to not make it a long-term business opportunity in my opinion.
With that said, I hope you enjoyed my article about My Crypto Consult review.
If you found this review helpful, make sure to click on the social share icons on this page to share it with others so that people can learn what My Crypto Consult is really all about.
Thank you for your support!
