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GoDiamond- Scam Review

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On its web site, GoDiamond gives no data concerning who owns or controls the corporate. The area title for GoDiamond’s web site (“godiamond.com”) was first registered in 1997. On Might twenty second, 2021, the personal registration was final up to date. This seems to be the date on which the present homeowners gained possession of the property.

On or round October 2021, GoDiamond affiliate internet marketing started to appear. Mexico (29 %), the USA (22 %), and Gabon are the key sources of holiday makers to GoDiamond’s web site, based on Alexa (9 %). There is a robust chance that GoDiamond is run by somebody from one in all these nations. GoDiamond is being promoted along with MillionN, which runs beneath the area “millionn.com.”

MillionN and GoDiamond look to be clones of each other. As a result of GoDiamond seems to be the extra fashionable of the 2, I’ve concentrated my consideration on it in my analysis. As at all times, if an MLM agency is not clear about who runs or controls it, contemplate twice earlier than becoming a member of and/or turning over any cash. The Merchandise of GoDiamond There aren’t any retailable GoDiamond services or products. Associates can solely promote their GoDiamond affiliate membership.

Compensation Plan at GoDiamond The reward scheme for GoDiamond promotes nebulous passive promoting income. Your members revenue from the growth of your community. You’ll obtain 100% of the promoting earnings. In fact, that might be a waste of time. The Ponzi cycler in GoDiamond’s compensation mannequin is the place the true cash is.

Earlier than we go any additional, it is value noting that withdrawals from GoDiamond are restricted based mostly on recruiting. Common GoDiamond associates can withdraw as much as $200 monthly for every affiliate they’ve introduced on board. Titanium Ambassadors can withdraw as much as $500 monthly for every affiliate they’ve introduced on board. All withdrawals at GoDiamond are topic to a ten % price. Matrix Cycler Associates of GoDiamond pay $297 to take part in a five-tiered 3×3 matrix cycler.

An affiliate is positioned on the high of a 3×3 matrix, with three positions instantly behind them. The preliminary degree of the matrix is made up of those three locations. The matrix’s second degree is created by dividing the primary three slots into three extra positions every (9 positions) The matrix’s third degree, which comprises 27 positions, is constructed in the identical means. Positions within the matrix are stuffed by successive $1100 purchases by GoDiamond associates who’ve been recruited instantly or not directly.

A “cycle” is created when all positions in a 33 matrix are stuffed. A cycle unlocks the following cycler tier and creates a brand new same-tier slot. escalating from a $1100 tier 1 matrix unlocks tier 2 and generates a brand new tier 1 place; further cycles pay $1100 and generate a brand new tier 1 place. escalating from a $4400 tier The second matrix creates a brand new tier 2 place and unlocks tier 3, whereas successive cycles pay $4400 and create a brand new tier 2 place. escalating from a $17,000 tier The third matrix creates a brand new tier 3 place and unlocks tier 4, with successive cycles paying $17,000 and creating a brand new tier 3 place. escalating from a $70,000 tier The fourth matrix creates a brand new tier 4 place and unlocks tier 5, whereas successive cycles pay $70,000 and create a brand new tier 4 place. escalating from a $280,000 tier The 5 matrix creates a brand new tier 5 place, and successive cycles pay $280,000 and create one other tier 5 put up. Bonus for Cyclists Titanium When individually recruited associates cycle out of tiers 1 by 5, ambassadors obtain an identical incentive.

When a personally recruited affiliate cycles out of tier 1, you will get $400. When a personally recruited affiliate cycles out of tier 2, you will get $1600. When a personally recruited affiliate cycles out of tier 3, you will get $6400. When a personally recruited affiliate cycles out of tier 4, you will get $25,000 and when a personally recruited affiliate cycles out of tier 5, you will get $100,000. Recruitment Commissions for Titanium Ambassadors to change into a Titanium Ambassador, GoDiamond associates should pay a one-time cost of $497.

Titanium Ambassadors earn $200 each time a Titanium Ambassador of their downline joins. This incentive is probably solely given to the Titanium Ambassador’s first up line. That’s, if there aren’t any Titanium Ambassadors between you and the brand new recruit, you’ll be able to earn $200 from any depth under you. Getting concerned with GoDiamond The price of turning into a GoDiamond affiliate is $297. A Titanium Ambassadorship prices $497 to totally take part within the hooked up revenue potential.

No one joins a social community to be spammed, therefore MLM social networks fail. What you find yourself with is a social community filled with entrepreneurs who’re all pitching one another enterprise alternatives (normally scams). This has occurred many occasions earlier than. GoDiamond provides a Ponzi cycler and bitcoin to the equation. The social community is basically a façade to cowl fraud, with tons of of 1000’s of {dollars} flowing to the few individuals who handle to cycle by all 5 tiers (GoDiamond’s nameless admins and some early adopters).

Get of us in without spending a dime on the entrance finish, make them consider they’ve a snowball’s likelihood in hell of incomes $280,000, after which cost them charges. That’s the sport’s title. We will cut back GoDiamond to a $297/$497 in $372.500 out Ponzi scheme simply by utilizing the cycler. Per tier 1 by 5 cycle, that is 1255 $297 funds, 750 $497 funds, or a mixture of the 2. As a result of I did not account for the matching bonus, the entire variety of funds is considerably bigger. Every of these 750 to 1255 cycler areas thus want 750 to 1255 to cycle, and issues rapidly get mathematically absurd.

Each Ponzi schemer’s math is identical. However, hey, $280,000 is nothing to sneeze at. That is how advertising and marketing works. The matrices will start to stall as affiliate recruitment stops up, because it does with all cycler Ponzi schemes.

After a adequate variety of matrices have halted, an irreversible collapse happens. Because of this, GoDiamond’s admin retains funds and what they get from their admin place caught in stalled matrices (s). Ponzi schemers’ math ensures that the overwhelming majority of members lose cash.

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