James Armstrong
Jul 10, 2018 · 1 min read

Great article… until you got to the MLM (Multi Level Marketing) part. The MLM industry is a multi billion dollar industry that works tirelessly to rid it’s industry of the scams, the pyramid schemes. I would think if you are as involved with crypto as you appear, we’ll only be getting a taste of it. Of being called a scam. Being compared to those that scammed. Network Marketing/MLM industry has a rigorous process for weeding out non compliant business. Often when one of the larger companies mess up. Nutriway recently. They copped a hefty fine.

The quickest and easiest way to tell the difference between Network Marketing/MLM and illegal pyramid schemes, is if you have to pay to sign up and get nothing in return I.E. products/services. If you get rewarded just for signing up. There MUST be product and or service of greater or equal value. $50 sign up and you get this pen. No.. Pyramid scheme. The product/service also have to relate to the business. “Sign up for my weight loss program, only$100 to sign up and you get this booklet of pizza vouchers worth $200" No.

Getting paid just for signing people up also a no no. Commissions earnt on what they spend? That’s okay… if they are buying product in relation to business plan.

James Armstrong

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Writer, Average Aussie, crypto enthusiast, single dad. What I know about crypto I know from doing research and experience. Isn't that what everything is?