Met500 Review — on the official website, met500.com, the usual PR reel starts off with some crypto projects supposedly run by the people whose faces show in the photo album cropped into the page.
Although the site is incorporated in the UK, its designated core promoters — incidentally, they are also the execs — look Asian. Nothing about this will come across as new or overly fringe to anyone familiar with MLM gigs that coopt crypto. Met500 is probably run by anonymous execs.
Supposedly, the PRs or any other sponsor that cares to use the official company tagline are the ones represented on the site.
That’s a lie, and the platform is not what it is projected on the media to be.
Who Is Behind Met500?
The usual case with these sorts of investment schemes is that they don’t care to provide details of the operators despite posting the most hilarious positive feedback on the site.
In the case of Met500, there are actual pics on the site, but these aren’t the people behind the company. Our Met500 Review finds an entirely different thing. Here is a quick step to walk you through the discovery process.
Copy the image URL and do a quick Google Image Reverse Search. Compare the results with that provided by the supposed Met500 owners on the site.
Obviously, these pictures are bought or copped for just the sort of work that Met500 is using it for. That’s a red flag about the whole crypto staking story from the get-go.
In this Met500 Review, we outline the packages from the company, reward programs, and possible downsides.
See below for details.
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Met500 Review | Membership Compensation Plan
Apart from its convoluted crypto schemes (including the staking bit), Met500 mainly focuses on the affiliate aspect of its business.
So, here are the available packages and their corresponding daily ROIs.
2.5% per day (cap is 325%) — invest for ninety (90) days
2% per day (cap is 220%) — invest for sixty (60) days
1.5% per day (caps at 167.5%) — invest for forty-five (45) days
1% per day (caps at 130%) — invest for thirty (30) days
Subsequently, the members can earn profits from the usual MLM unilevel grid.
Here is how the scheme works.
Once a member refers several or more people (i.e., personal recruits) to the platform, the person gets the top position. The recruited members then take up the first Level (Level 1).
Each person can refer other people as well and earn downlines (entered in as many positions as the number of new recruits). So, unlike the binary cycler, a unilevel doesn’t restrict the available positions to only two spots.
Instead of using the usual binary team structure, this platform defers to the unilevel scheme, which it uses to draft out the following percent ROIs down to level 3.
Earn one percent (1%) on Level 3
Earn two percent (2%) on Level 2
Also, earn five percent (5%) on Level 1
Just in case there is a binary scheme following these schemes — MLMs typically add more programs to the basic plan as far as it spurs people to keep investing in the packages.
Binary Team
For an affiliate to earn bonuses on the binary team, the person would have to keep up with the hardliners for earning such rewards. And this involves staying on the top of a downline stack, generating the required cumulative investments on the downlines, and reinvesting a specified amount.
Here is how an MLM unilevel program works.
An affiliate gets the top position just above the first level (the Level 1).
Once a member refers several or more people (i.e., personal recruits) to the platform, the person gets the top position. The recruited members then take up the first Level (Level 1).
Each person can refer other people as well and earn downlines (entered in as many positions as the number of new recruits).
Binary team structures branch in twos, contrasting with the unilevel grid described previously. Our Met500 Review doesn’t find any binary team rewards on the site, though.
How to Join Met500
Members can join the program without paying any membership fee.
However, the actual profit-earning gig — i.e., the affiliate recruitment programs and the corresponding rewards — requires an entry deposit.
If you are looking to join the affiliate plan, you will have to pay the following deposits to boot the package.
2.5% per day — invest for ninety (90) days
2% per day — invest for sixty (60) days
1.5% per day — invest for forty-five (45) days
1% per day— invest for thirty (30) days
As shown from the previous menu of these investment tags, each of these packages has a fixed profit cap. On reaching the maximum profit limit, affiliates will have to withdraw their earnings and renew their plan.
Is this a reliable scheme? Let’s find out in the conclusion of our Met500 Review in the section below.
Conclusion | Is Met500 Legit?
First, the company is run by anonymous operators who use false profiles. That’s the first inkling of evidence that it doesn’t bode well for anyone who happens to invest in it.
Second, there are no records of any deals or actual products, software services, or projects handled by the company to generate revenue for the affiliate program.
Riding on the second downside is the final (and the most important) point to note about the platform — it is Ponzi.
As long as there is no replicable scheme that could generate revenue legally for the company, it all narrows down to a triangle scheme. The more an affiliate invests, the higher his ROI cap. However, there is only one trend with this idea. It only pays for as long as people keep signing up for the affiliate programs.
What Happens When the Recruitment Stops?
There is only one thing that could happen — Met500 stops functioning, without notifying its investors. Already, there are similar schemes facing fraud charges for offering untenable prospects to the public without any SEC pass.
Don’t fall for Ponzi.