Evo Binary operate in the forex MLM niche and provide a corporate PO Box address in Dubai.
A certificate of incorporation issued by the Dubai Aviation City Corporation is also provided.
So the story goes;
Two CEOs of companies focused on technology and financial market areas decided to join their knowhow and develop a super product, able to forever change not only their lives but those of everyone who acquire this fantastic robot.
One of those CEOs is identified as Ramon Alcantara (right). The other CEO is not identified.
Alcantara serves as CEO of Evo Binary. Whether he himself is based out of Dubai is unclear.
Despite Evo Binary’s claim that Alcantara was previously the CEO of a company, I was unable to find any information on his MLM history.
Read on for a full review of the Evo Binary MLM opportunity.
The Evo Binary Product Line
Evo Binary has no retailable products or services, with affiliates only able to market Evo Binary affiliate membership itself.
The Evo Binary Compensation Plan
Evo Binary affiliates invest up to €20,000 EUR on the promise of advertised monthly ROIs.
Partner – invest €500 EUR and receive a monthly ROI of up to €81 EUR
Professional – invest €1500 EUR and receive a monthly ROI of up to €270 EUR
Master – invest €3000 EUR and receive a monthly ROI of up to €540 EUR
VIP – invest €9000 EUR and receive a monthly ROI of up to €1620 EUR
VIP Premium – invest €20,000 EUR and receive a monthly ROI of up to €5400 EUR
Recruitment Commissions
Evo Binary affiliates are paid to recruit new affiliates as follows:
recruit a Partner affiliate and receive €20 EUR
recruit a Professional affiliate and receive €50 EUR
recruit a Master affiliate and receive €100 EUR
recruit a VIP affiliate and receive €300 EUR
recruit a VIP Premium affiliate and receive €1000 EUR
Residual Recruitment Commissions (binary)
Residual binary recruitment commissions in Evo Binary are paid out via a binary compensation structure.
A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
The second level of the binary is generated by splitting each of the two first level positions into another two positions each (4 positions).
Subsequent levels of the binary team are generated as required, with each new level housing double the positions as the previous level.
Positions in the binary team are filled via affiliate recruitment. When recruited affiliates invest, the following point values are generated:
Partner – 24 points
Professional – 60 points
Master – 120 points
VIP – 360 points
VIP Premium – 1200 points
At the end of each day new investment volume is tallied up on both sides of the binary, with an affiliate paid on points generated on the weaker side.
1 binary point is paid out as $1.
After a point is paid out on it flushes, with leftover volume on the stronger side carried over.
Note that binary commissions are capped company-wide at €12,500 EUR a day.
Residual R
🤖 Quick Answer
What is Evo Binary and its business model?Evo Binary operates in the forex multilevel marketing sector, offering a trading robot purportedly developed by two technology and finance CEOs. The company maintains a corporate address in Dubai and holds a certificate of incorporation from Dubai Aviation City Corporation, positioning itself as a legitimate financial services provider in the cryptocurrency and forex trading market.
Who leads Evo Binary?
Evo Binary is headed by CEO Ramon Alcantara, identified as one of two executives who partnered to create the company's trading product. The identity of the second CEO remains undisclosed. Alcantara's previous professional background and MLM history are not publicly documented or verifiable through standard business records.
What are the regulatory concerns regarding Evo Binary?
Evo Binary's operational structure combines forex trading with multilevel marketing characteristics, raising regulatory concerns about pyramid recruitment schemes and unsustainable returns
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