Metogence Overview
Metogence is a name that has been making rounds in the MLM industry, but not all that glitters is gold. As a potential investor, it’s essential to perform due diligence before plunging into any investment opportunity. This article takes a deep dive into Metogence, its operations, the people behind it, its products, its compensation plan, and more.
Ownership and Organization
A crucial starting point in assessing any company is understanding its ownership structure and the team steering its operations. Unfortunately, when it comes to Metogence, the waters are murky. The company fails to provide verifiable information about its ownership or executive team on its website. Instead, it lists a series of executives whose identities and photos appear to be fictitious.
The domain “metogence.com” was privately registered on April 20, 2023, offering no further clues about the individuals behind the operation.
To demonstrate legitimacy, Metogence presents registration details for shell companies in multiple countries such as the UK, the US, Uganda, and Nigeria. However, given the relative ease with which such companies can be registered with fabricated details, these certificates offer little reassurance.
Note: Always exercise caution when dealing with companies that aren’t transparent about their ownership or management.
How exactly does a Ponzi scheme operate?
An investment fraud known as a Ponzi scheme draws investors with claims of great returns and no risk but fails to invest the money as stated. Instead, it pays off earlier investors with money from future investors while maybe keeping a portion of the profits. These schemes typically fail when recruiting investors becomes challenging or when multiple investors attempt to cash out. They depend on a steady flow of new buyers to operate. They are called after Charles Ponzi, who ran a similar scam using postal stamps in the 1920s.
Products and Services
A key characteristic of legitimate MLM companies is the presence of tangible, marketable products or services. In Metogence’s case, there are no retailable products or services on offer. Affiliates can only market the affiliate membership itself, which raises red flags about the company’s business model.
Compensation Plan
Metogence’s compensation plan is built around affiliates investing USD equivalents in cryptocurrency, promising advertised weekday returns over 200 days. The returns vary based on the level of investment:
- Bronze – invest $25 to $499 and receive 1.5% a day
- Silver – invest $500 to $4999 and receive 1.75% a day
- Gold – invest $5000 to $24,999 and receive 2% a day
- Diamond – invest $25,000 to $99,999 and receive 2.25% a day
- Platinum – invest $100,000 or more and receive 2.5% a day
It’s important to note that Metogence charges a 10% fee on all withdrawal requests.
Affiliate Ranks
There are ten affiliate ranks within Metogence’s compensation plan, with varying qualification criteria:
- Associate – recruit two affiliate investors and generate $1000 in weaker binary team side volume
- Soldier – maintain two personally recruited affiliate investors and generate $5000 in weaker binary team side volume
- Leader – maintain two personally recruited affiliate investors and generate $25,000 in weaker binary team side volume
- Expert – maintain two personally recruited affiliate investors and generate $50,000 in weaker binary team side volume
- Rook – maintain two personally recruited affiliate investors and generate $100,000 in weaker binary team side volume
- Knight – maintain two personally recruited affiliate investors and generate $250,000 in weaker binary team side volume
- Bishop – maintain two personally recruited affiliate investors and generate $500,000 in weaker binary team side volume
- Queen – maintain two personally recruited affiliate investors and generate $1,000,000 in weaker binary team side volume
- King – maintain two personally recruited affiliate investors and generate $5,000,000 in weaker binary team side volume
- Ace – maintain two personally recruited affiliate investors and generate $10,000,000 in weaker binary team side volume
Referral and Residual Commissions
Metogence offers referral commissions on cryptocurrency invested by personally recruited affiliates, with rates varying by tier.
On top of that, the company also pays residual commissions through a binary compensation structure. Affiliates are placed at the top of a binary team, split into two sides (left and right). Each day, Metogence tallies up new investment volume on both sides of the binary team, paying out a 10% commission on cryptocurrency invested on the weaker side.
There are limits on residual commissions based on an affiliate’s investment level:
- Bronze tier affiliates can earn up to $1000 a day
- Silver-tier affiliates can earn up to $5000 a day
- Gold-tier affiliates can earn up to $10,000 a day
- Diamond-tier affiliates can earn up to $15,000 a day
- Platinum-tier affiliates can earn up to $25,000 a day
Rank Achievement Bonuses
To incentivize affiliates, Metogence offers one-time Rank Achievement Bonuses for qualifying at Associate and higher:
- qualify as an Associate and receive $25
- qualify at Soldier and receive $100
- qualify at Leader and receive $500
- qualify at Expert and receive $1200
- qualify at Rook and receive $2500
- qualify at Knight and receive $5000
- qualify at Bishop and receive $10,000
- qualify at Queen and receive $25,000
- qualify at King and receive $150,000
- qualify at Ace and receive $500,000
Joining Metogence
While the basic affiliate membership of Metogence is free, full participation in the income opportunity requires a minimum investment of $25. The company accepts investments in various cryptocurrencies.
Conclusion
Metogence claims to generate external revenue via AI trading bots. However, no evidence is provided to substantiate these claims. The lack of transparency, coupled with an unsustainable compensation model, paints a picture of a typical MLM crypto Ponzi scheme.
Remember, anyone capable of consistently generating 2.5% returns per day wouldn’t need to sell access to their system. They could simply amass a fortune themselves. As with all MLM Ponzi schemes, once new affiliate recruitment slows down, so will new investment, leading to a collapse and loss for the majority of the participants.
Metogenceis a big scam it has run away with our money
metogence shut down. no websites