Beware of Golden Way – Review

On its website, Golden Way makes no mention of the company’s owners or executives.

The domain name “goldenway. world” for Golden Way’s website was privately registered on June 6, 2021.

Golden Way offers incorporation documentation for Dubai to seem legitimate:

Dubai is a scammer-friendly nation that offers an unregulated sanctuary.

Any MLM business that bases its validity on connections to Dubai is immediately suspect.

It’s noteworthy to notice that Golden Way originally debuted in 2019, even though the company’s current website domain is only seven months old.

An office opening in Dubai is featured in the first video released to Golden Way’s YouTube account.

It looks like the actors are in the video. The alleged boss of Golden Way is a lady who speaks Russian.

The initial performers that Golden Way employed to front the business have been fired for a long time. Present-day spokesmen for the Golden Way are portrayed by a variety of actors:

Unlike Dubai, Ukraine is where the official Golden Way Facebook page is run:

Another anonymous MLM business managed by Eastern Europeans is posing as being based in Dubai.

At the time of writing, Alexa lists Saudi Arabia (44 percent), Algeria (30 percent), and Egypt as the top three countries from which visitors come to Golden Way’s website (3 percent ).

Always consider joining and/or giving any money to an MLM firm very carefully if it is not transparent about who owns or runs it.

Products of Golden Way

There are no resaleable goods or services offered by Golden Way.

Only the Golden Way affiliate membership itself may be promoted by affiliates.

The Compensation Plan of Golden Way

Affiliates of Golden Way make investments of at least €50 based on advertised returns.

How frequently a Golden Way affiliate agrees to be compensated will affect the ROI rates:

Paid weekly: annual ROI rate of 256 percent Paid monthly: annual ROI rate of 282 percent Paid every three months: annual ROI rate of 308 percent Paid every six months: annual ROI rate of 334 percent Paid every 12 months: annual ROI rate of 360 percent Paid every 18 months: annual ROI rate of 393.9 percent Paid every 24 months: annual ROI rate of 530.4 percent

Every withdrawal is subject to a 20 percent charge by Golden Way.

Ranks for Golden Way Affiliates

The pay structure of Golden Way has nineteen affiliate tiers.

They are as follows, along with their respective qualifying standards:

Partner: Produce a downline investment volume of EUR 50.

Manager: Produce a downline investment volume of 500 EUR.

Gold Manager: Produce a downline investment volume of EUR 2500.

Mentor: produce a downline investment volume of EUR 10,000.

Become a Gold Mentor and bring in €50,000 in downline investment.

Master: Produce a downline investment volume of €100,000.

Create a downline investment volume of €250,000 with the Gold Master program.

Director: Produce a downline investment volume of EUR 500,000.

Become a Bronze Director and bring in €750,000 in downline investment.

Silver Director: Produce a downline investment volume of EUR 1,000,000.

Produce €2,500,000 in downline investment volume as a Gold Director.

Produce $5,000,000 in downline investment volume as a Platinum Director.

Director at Topaz: Downline investment volume of EUR 7,500,000

Sapphire Director: Produce a downline investment volume of EUR 10,000,000.

Ruby Director: Produce a downline investment volume of EUR 25,000,000

Emerald Director: Produce a downline investment volume of EUR 50,000,000.

Black Diamond Director: Produce a downline investment volume of EUR 75,000,000.

Diamond Director: Produce a downline investment volume of EUR 100,000,000.

King Diamond: Downline investment volume of EUR 150,000,000

Investment volume from individually recruited affiliates is the total amount invested.

Total monies invested by your downline comprise your downline investment volume (directly and indirectly recruited affiliates).

Employer commissions

Affiliates individually recruited by Golden Way get 5% of the money they invest.

Recurring Commissions

Golden Way uses a uni-level compensation structure to pay residual commissions.

An affiliate is put at the head of a unilevel team in a unilevel pay system, and each affiliate they recruited is positioned immediately under them (level 1):

New affiliates brought on by any level 1 affiliates are added to the original affiliate’s unilevel team at level 2.

If any level 2 affiliates bring on new affiliates, they are promoted to level 3, and so on down a theoretically endless number of levels.

The unilevel team bases commissions on investments on rank:

10 percent for partners, 10.5 percent for managers, 11 percent for gold managers, and 11.5 percent for mentors.

Master: 12.5 percent Gold Mentor: 12 percent

Director: 13.5 percent; Bronze Director: 14 percent; Gold Master: 13%

Platinum Director: 15.5 percent Silver Director: 14.5 percent Gold Director: 15 percent

Director at Topaz: 16%

Director by Sapphire: 16.5 percent

17 percent for Ruby Directors and 17.5 percent for Emerald Directors

Director of Black Diamonds: 18% Director of Diamonds: 18.5%

19% for King Diamond

Because 19 percent is paid out on each investment, residual commissions are involved.

In this case, better-ranked affiliates receive the difference in residual commission rates between themselves and the lower-ranked affiliates on their uni-level team.

For instance, a Master may hire someone who contributes €1000.

After paying the Master’s 12.5 percent, there is still 6.5 percent to distribute.

To find a Gold Master or above to pay the remaining proportion out to, the algorithm looks upline.

The difference between 16.5 percent and 12.5 percent, or 4 percent, would go to the Sapphire Director if they were discovered first, leaving 2.5 percent for payout.

The algorithm would keep looking further up, either for a Ruby Director or higher.

This goes on until a King Diamond is discovered, at which time whatever is left over is distributed.

Note that King Diamond affiliates never pass up anything.

Bonus Speaker

Affiliate speakers are rewarded by Golden Way with “extra money from the complete system,” albeit the phrase is not defined.

Although specifics aren’t given, it’s clear that this refers to the number of sales made by a downline.

Bonus for Rank Achievement

Golden Way offers the following one-time Rank Achievement Bonuses to affiliates that meet the requirements at Manager and higher:

if you qualify as Partner, you’ll receive €15; if you qualify as Manager, you’ll receive €60; if you qualify as Mentor, you’ll receive €225; if you qualify as Master, you’ll receive €1200; if you qualify at Gold Master, you’ll receive €4500; if you qualify at Director, you’ll receive €7500; if you qualify at Bronze Director, you’ll receive €7500; if you qualify at Silver Director, you

enrolling in Golden Way

The Golden Way affiliate program is free to join.

The associated income opportunity requires a minimum commitment of EUR 50 to participate fully.

Investments in fiat, Ethereum, and bitcoin are sought after by Golden Way.

Golden Way Ending

Golden Way asserts that its affiliates are gold investors. To do this, the firm claims to sell gold on its website:

Nothing about this relates to the MLM aspect of the company. It is only a ploy to conceal fresh investment that is being utilized to compensate current Golden Way investors.

To begin with, purchasing gold does not consistently yield an annual return of 530.4 percent.

The rewards promised by Golden Way are not explained.

Even if they did, this brings up the useless Dubai documents once more. Golden Way does not provide audited financial records that show how any outside money is generated.

This is due to the absence of any.

Golden Way is also not authorized to sell securities in any of its main markets for investments.

Scammers from Ukraine, Dubai, and Boris are the perfect Ponzi trio.

The gold hoax has no real effect on Golden Way’s Ponzi scheme other than to justify charging affiliates a 20 percent withdrawal fee. Instead of accepting a fictitious delivery of riches, do this.

If Golden Way was to be pressed on this, they most likely would use the money they would have to spend on gold to do so. The withdrawing affiliate would then be charged for everything, including delivery.

As with all MLM Ponzi scams, the fresh investment will cease as soon as affiliate recruiting does.

Due to a lack of ROI income, Golden Way will eventually fail.

The mathematics behind Ponzi schemes ensures that when they fail, the majority of investors lose money.

Related Posts

Leave a Reply

Your email address will not be published.