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My Crypto Consult Review: Is this a Crypto Scam?

My Crypto Consult Review: Is this a Crypto Scam?

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My Crypto Consult states that they have set new standards in the market and those who want financial well being and career opportunities can take advantage of their offer. My Crypto Consult’s website contains no information about who owns or runs the business. My Crypto Consult’s website domain (“mycryptoconsult.io”) was first registered in June 2018. The domain registration was last updated with private information on June 6th, 2019. The only executive information I was able to dig up was Willi Morant, who credits himself as “Project Development”:

Those who want to invest in genuine Crypto trading should use reliable trading bots to do the job rather than sites that present their service in a vague and not so easy to understand fashion.

My Crypto Consult review

According to th3 personal Facebook page of the owner of My crypto consult, Morant (the owner) got involved with My Crypto Consult in late 2018. Prior to My Crypto Consult Morant was promoting the collapsed Holiday Coin Club cycler and FGXpress. Of note is that this particular site may have ties to FutureNet. As above, earlier this year FutureNet affiliates were pitching integration of FutureNet’s failed FuturoCoin Ponzi exit-scam coin. As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

My Crypto Consult’s Products/services

My Crypto Consult has no retailable products or services, with affiliates only able to market My Crypto Consult affiliate membership itself.

My Crypto Consult’s Compensation Plans

Want to make money automatically with Forex, Bitcoin and other Cryptocurrencies, Commodities etc without the risk of trading yourself? Are you ready for self-custody of your investment funds? Do you like the sound of regular consistent results and profitable performance? Tired of the forex and crypto scams, false promises and games out there designed to separate you from your hard earned funds? Stop everything! WorldMarkets is for you! With the WorldMarkets AI Managed Account Services, only YOU are in control of your investment funds. WorldMarkets is a trading platform that uses artificial intelligence to handpick highly profitable and low-risk trades for its users. It also goes ahead to trade for you based on analyzed data. And yea, you guessed right, “it almost never loses”. This is indeed the holy grail of trading. It is much more reliable and profitable than paying gurus to trade for you, mulling over candle sticks or playing the luck game. Using this system, investors and traders have recorded over 30% Returns on Investment in less than a month. And with a 100% compound return, you simply cannot lose with WorldMarkets. All you have to do is sit back, manage your funds and let the AI trade for you. Are you ready to start making aggressive profits regardless of the market’s direction? If you are ready to leave the trading to the professionals and upgrade your monthly income, now is the time, head to WorldMarkets now and choose a plan to start trading. PS: WorldMarkets is a Profitable Forex/Crypto AI Managed Trading Service. 100% Verified and Recommended by Valforex.com.

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My Crypto Consult affiliates invest in GLAM tokens on the representation the tokens will increase in value.

  • QuickStarter – invest in 1000 GLAM tokens (300% token bonus)
  • Leverage Pack – invest in 9,950 GLAM tokens (300% token bonus)
  • 7PayMaxx All-In-One – invest in 29,500 GLAM tokens (325% token bonus)
  • VIP and Elite – invest in 10,000,000 GLAM tokens

Each investment tiers caps how many GLAM tokens an affiliate can have:

  • QuickSilver tier affiliates can accumulate up to 44,000 GLAM tokens, commissions also capped at $2000
  • Leverage Pack tier affiliates can accumulate up to 6,500,000 GLAM tokens, 6 month membership
  • 7PayMaxx All-In-One tier affiliates can accumulate up to 22,000,000 GLAM tokens, 12 month membership
  • VIP and Elite tier affiliates can accumulate up to 7,500,000,000 GLAM tokens

Recruitment Commissions

My Crypto Consult affiliates receive 10% of funds invested by personally recruited affiliates.

Residual Commissions

My Crypto Consult pays residual commissions via a binary compensation structure. A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):

The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).

Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level. Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note there is no limit to how deep a binary team can grow. After an unspecified amount of time (typically daily or weekly), My Crypto Consult tallies up new investment volume on both sides of the binary team.

Residual commissions are paid as a percentage of funds invested on the weaker binary team side. My Crypto Consult’s compensation plan states either 5% or 10% is paid out, based on how much an affiliate themselves invests. Once invested volume is paid out on, it is matched with volume on the stronger binary team side and flushed.

Matching Bonus

My Crypto Consult pays a Matching Bonus on down line residual commissions. The Matching Bonus is paid out via a uni level compensation structure. A uni level compensation structure places an affiliate at the top of a uni level team, with every personally recruited affiliate placed directly under them (level 1):

 

If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s uni level team. If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.

Signing up for the My crypto consult services

My Crypto Consult is tied to an investment in GLAM tokens. Depending on how much is invested, the website affiliates have to reinvest every 6 or 12 months. According to My Crypto Consult’s website, the current internal value of GLAM tokens is 12 cents.

The truth about this website

This platform is yet another MLM pump and dump shitcoin opportunity. GLAM tokens are generated on demand, sold for a completely made up price, and the only people investing in them are those lead to believe they’ll magically go up in price.

There is absolutely nothing backing GLAM tokens made up internal value, other than the fiction there will always be more gullible bagholders to purchase them. In reality all that’s happening is the anonymous GlamJet Foundation owners are selling GLAM tokens that cost them nothing to generate to My Crypto Consult affiliates.

That’s the only real flow of money, the rest is monopoly money shenanigans. What’s telling is GlamJet Foundation and their Glam tokens have been around for a while. Yet despite that, GLAM is still nothing more than a pump and dump shitcoin. As for GlamJet Foundation, it markets itself as a “dApp platform”:

Dapps, as far as income opportunities go, are nothing more than Ponzi schemes. The good news is My Crypto Consults’ end-game is as simple as their fraudulent business model. Once Willi Morant and whoever he’s working with get bored, GLAM will likely be dumped on a dodgy public exchange. Desperate trading among My Crypto Consult affiliates will push GLAM’s made-up value towards it’s actual $0 value, and that’ll be that. Another shitcoin in the MLM crypto token graveyard. For his part, Willi Morant demonstrates some level of self-awareness.

Our best advice for you

Scams like My Crypto Consult fear being targeted for securities fraud however, and so you have the US excluded. Other jurisdictions where My Crypto Consult’s admins feel they’re unlikely to be pursued? Scam on. Funnily enough despite prohibiting investment from the US, My Crypto Consult’s compensation plan quotes investment in USD. Stick to these trading bots instead.

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Valforex.com will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity… Read More

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