Resulting from MyCOM’s deliberate omission of MLM-related data of their promoting, this isn’t a regular BehindMLM analysis.
This evaluation was tough to compile as a result of frequency with which Tesora Monetary, the dad or mum agency, conceals data all through its totally different operational divisions.
I might advise you to keep away from MyCOM and Tesoro Monetary on this premise alone. MLM companies will solely go to such efforts to hide information after they have nefarious intentions.
To be taught simply what MyCOM and Tesora Monetary are doing, proceed studying.
The founder and CEO of MyCOM are Jaime Villagomez.
Villagomez can also be the creator and chief government officer of Tesora Monetary Group (dba Tesora Worldwide) and all of its affiliated shell firms.
In Utah, Villagomez operates MyCOM and Tesoro Monetary Group.
MyCOM was based as an eCommerce platform MLM in 2017.
4 years later, the state of affairs is as follows:
The MyCOM market fails in each measurable manner. Due to this fact, it’s not surprising that Tesora Monetary and Villagomez have joined the cryptocurrency bandwagon.
Earlier than we get into that, although, I might wish to clarify what MyCOM is marketed as.
Basically, you are taking a look at a closed e-commerce web site that gives cashback. As an alternative of true cash, associates, shoppers, and firms are compensated in COMS, which, as Villagomez emphasizes, “is just not a cryptocurrency.”
Nonetheless, that is dishonest, as there seems to have been a crypto element to COM factors in some unspecified time in the future:
Other than this distinction, COMS might as nicely be MyCOM’s inner coin.
Retail shoppers buy issues from MyCOM’s empty market and get COMS. They can’t be cashed out.
Retailers are compensated in COMS, which can be cashed out.
It’s not indicated if MyCOM associates pays out COMS, which presumably suggests they will (hush hush).
Oh, and for some inexplicable cause, COMS could also be immediately invested in, which serves no use aside from to generate income for MyCOM.
On the MLM facet of issues, it’s not talked about if commissions are paid on MyCOM investments.
What we do know is that MyCOM prices charges to retailers, which funds the cashback (known as “chargeback” due to the funding mechanism).
com retains 30% of the cashback price collected from the service provider and pays the remaining 70% to the service provider.
30% to the buyer; 1% to 4% to the recommending MyCOM affiliate (relying on the variety of charges paid).
4% to the shop’s allotted MyCOM Professional Advisor
15% to “regional managers”
20% of a deep ten-level unilevel squad
MyCOM conceals this unilevel compensation system on objective. You will not discover it on their web site or of their promotional movies.
The rationale claimed for the deceit is that MyCOM doesn’t wish to be perceived as a multi-level advertising group. They consider that this can enhance their capacity to recruit retailers (see screenshot above; issues are going properly).
Other than shady enterprise strategies, MyCOM’s Market collapsed resulting from an out of date enterprise technique.
MyCOM bases its entry charges on a three-tier pricing construction:
Fundamental – no value
Plus – $60 per 12 months
VIP – $120 per 12 months
You could get extra COM factors the extra you spend.
Moreover, as a potential consumer, you should be launched by an present MyCOM affiliate.
That is competing with a plethora of free functions and browser cashback/voucher extensions, a lot of which provide a lot higher service provider protection.
There aren’t any charges, no ecosystem restrictions, and a few even give money again.
Towards that is MyCOM’s Market enterprise mannequin battling. So it’s not stunning that the concept failed.
That is the Achilles’ heel of each MLM cashback platform for eCommerce. Charges should be levied someplace, or commissions can’t be paid out.
Concerning affiliate charges, MyCOM prices the next:
Guide in enterprise – $360 yearly
Skilled Consultant – $600
MyPoint Professional – $900 per 12 months
Once more, spending immediately influences incomes potential.
These are MyCOM’s enterprise charges:
Free – no price, most of $500 Share again Plus – $100 per 12 months, most of $50,000 Share again VIP – $300 per 12 months, most of $150,000 Share again
A MyPoint membership prices $900 per 12 months or $75 monthly. It appears to be a membership price designed simply to extend your income potential.
Commissions on the aforementioned membership charges usually are not revealed. I might suppose so; what else might MyCOM be doing with such charges?
Let’s transfer on to the following section of Tesora Monetary: crypto shitcoins, now that we have established what MyCOM is and why it failed.
There are numerous shell companies below Tesora Monetary, however just a few have been detailed.
Bitcoin Belief, Tesora Belief, Tesora Custody, and Tesora Alternate are the important thing firms that we’ll confer with.
Bitcoin Belief is the first shitcoin of Tesora Monetary.
In line with the corporate’s plan, Bitcoin Belief (BCT) is a nugatory ERC-20 token.
On the Ethereum blockchain, ERC-20 shitcoins could also be created at minimal expense in 5 minutes.
Associates of MyCOM make investments immediately in BCT by way of their again workplace.
In line with Jaime Villagomez’s back-office instance, Tesora Monetary gives BCT to associates for 0.9994 USDT apiece.
In line with Tesora Monetary’s advertising, the important thing rationale for BCT funding is the inference that affiliate traders would finally have the ability to withdraw greater than they initially invested.
As a result of aforementioned confidentiality, I used to be unable to find out if BCT investments pay commissions.
As soon as BCT has been invested, it’s parked with the agency. In change, Tesora Monetary pays affiliate traders with extra Bitcoin. The inner worth will increase, permitting associates to withdraw greater than they initially invested.
In different phrases, BCT is a traditional passive funding crypto MLM scheme.
Constructed inside this can be a shitcoin manufacturing facility (why cease at one? ), ostensibly linked to themed sensible contracts.
A mobility token is one in all these crap tokens.
In an August 2020 mobility token promotional movie, My ECOM asserts, “You may drive your best car without spending a dime.”
Associates would put money into mobility tokens, obtain further mobility tokens in return, money out different folks’s cash, and use it to repay the auto mortgage.
The mobility token program is described on Tesora Monetary’s web site below the heading “AutoMobility.”
There you’ll uncover a hyperlink to the “automobility. it” web site.
Auto Mobility seems to be an unbiased Italian firm that predates MyCOM.
There isn’t any point out of a mobility token on the Auto Mobility web site.
The one point out I might discover was a single August 2020 submit on Auto Mobility’s official Fb web page.
Weirdly, Auto Mobility doesn’t promote free vehicles on its web site.
Further themed feces tokens Tesora Monetary is a enterprise startup (energy begin) and actual property funding firm (powerhouse). Identical foolishness, put money into tokens, park tokens, obtain further tokens, and money out – all the pieces is free.
Tesora Belief is a covert choice for passive investing. It has a spot on the myCOM web site, nevertheless, the company is purposefully imprecise in regards to the specifics:
“Holding belongings” looks like simply one other strategy to retailer tokens, purchase further tokens, and money out.
The linked web site area “tesora.io” is invalid.
Tesora Custody is a risk for passive bitcoin investing that may be accessed via my ICOM.
Deposit your bitcoins with Tesora Custody to get extra cash!
There isn’t any use in having bitcoins with out buying and selling them; as an alternative, deposit them and put them to work!
This seems like a regular crypto buying and selling Ponzi scheme.
Lastly, we now have “Mining Farm by Tesoro Group,” a further potential for passive funding.
Mining Farm by Tesora Group permits group members to take part via Tesora tokens with out having to deal with the expertise.
That is the only point out of a “resort token” I might discover.
Tesora Monetary Group and Jaime Villagomez have developed and are pushing varied securities choices by offering a number of passive funding choices via their MLM alternative or elsewhere.
In gentle of all that has transpired in the US, my ICOM and Tesora Monetary Group should register their securities choices with the SEC.
Jamie Villagomez, MyCOM, Tesora Monetary Group, or any of the recognized shell companies usually are not SEC-registered.
And now you see why all of that is stored secret and offered quietly behind closed doorways.
com is a failed e-commerce platform MLM firm that conceals the truth that it’s an MLM firm; dad or mum firm Tesora Monetary Group has jumped on the crypto bandwagon, launching a number of passive funding schemes; neither myCOM nor Tesora Monetary Group is SEC-registered, that means the corporate is committing securities fraud and working illegally.
You perceive the process. This may finish badly.