Malta on the 15th June 2010 forex mentor pro scam or not a subsidiary from Lopoca Ltd. Despite the mention of registration in Cyprus, Lopoca provide an address in Malta on their website.
20th of March 2010, with a Klaus Saurugger of Lopoca LTD listed at the owner. Saurugger’s employment history reveals positions the telecommunications and insurance sectors, however I didn’t see anything MLM related. This suggests that Lopoca is Saurugger’s first MLM venture as an executive. Read on for a full review of the Lopoca MLM business opportunity. The Lopoca Product Line Lopoca is an online gaming company, offering users casino games, sports betting, IQ Game and Nugget Game virtual share trading.
The Nugget Game is a totally unique, Maltese Gaming License Sanctioned game, where you trade Nuggets on our Nugget Market with other members and players. All games except the IQ Game are available to retail Lopoca customers. The Lopoca Compensation Plan The Lopoca compensation plan sees affiliates sign up and spend money on offered Lopoca gaming services, with commissions also paid on the recruitment of new affiliates. Retail activity is also paid out on, when non-affiliates participate in Lopoca games and services. MLM Commission Qualification In order to qualify for MLM commissions, all Lopoca affiliates are required to generate at least 1 residual commission point each week. As above, taken from the Lopoca compensation plan, Lopoca affiliates are also required to recruit at least two affiliates who each also maintain a weekly IQ Game voucher purchase. Lopoca Affiliate Ranks There are eight affiliate ranks within the Lopoca compensation plan.
Recruitment Commissions Lopoca affiliates paid to recruit new affiliates, paid out via a unilevel compensation structure. If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team. If any level 2 affiliates recruit new affiliates they are placed on level 3 and so on and so forth down a theoretical infinite number of levels. Lapoca generates from games and services. These are funds that were not paid out to players, minus commissions paid to providers of the offered services. An affiliate can also earn cashback on spends by their downline, with 5.
Generated points are tracked through a binary compensation structure. Note that these 300 points must be generated using a 2:1 ratio, that is 200 points on one side of the binary matched with 100 points on the other. Note that if a Lopoca affiliate receives 400 binary commissions over 4 consecutive weeks, their binary position is terminated and they must generate a new binary team from scratch. Matching Bonus is available on binary earnings of recruited affiliates, paid out down a maximum four levels of recruitment.
5000 in additional funds a year into Nugget Game Points. Lopoca’s Nugget Game is a game in which Team Partners and Player can buy and sell Nuggets online. The basic idea is that Nugget Game Points are accumulated and traded between Lopoca affiliates, on the expectation that they will indefinitely increase in value. At the end of each day an undisclosed number of Lopoca affiliates are drawn and win an equal share of the pool. World Club The World Club is a bonus pool made up for Lopoca company-wide revenue.
As a World Pool member, you are paid a share of Lopoca’s total global profit. President ranked affiliates receive an equal share in the pool, however Lopoca do not disclose what percentage of company-wide revenue goes into the pool. 40 a month for commission qualification. Conclusion Buried under a rather large gaming and sports betting facade, is a relatively straight-forward Ponzi points business model. I was distressed and deeply concerned when I realized that many Members are reducing Lopoca to the Nugget Game.