There is no information on the GoldBlocks website indicating who owns or runs the business.
The GoldBlocks website domain (“goldblocks.eu”) was privately registered on May 29th, 2016.
A secondary domain at (“mygoldblocks.com”) was registered on December 14th, 2016. Aleksandar Sokolov is listed as the owner, with an address in Ljubljana, Slovenia also provided.
Possibly due to language-barriers, I was unable to find any further information on Sokolov’s role within GoldBlocks.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
The GoldBlocks Product Line
GoldBlocks has no retailable products or services, with affiliates only able to market GoldBlocks affiliate membership itself.
The GoldBlocks Compensation Plan
The GoldBlocks compensation plan sees affiliates invest $100 to $20,000 on the promise of a 0.3% to 0.5% daily ROI for 365 days.
Starter – $100
Partner – $500
Business – $1000
Master – $5000
VIP – $9000
Diamond – $20,000
The ROI is paid out in GoldBlocks, a publicly tradeable cryptocurrency.
Referral commissions are available on funds invested by recruited affiliates, paid out down three levels of recruitment (unilevel):
level 1 (personally recruited affiliates) – 10%
level 2 – 3%
level 3 – 2%
Residual Commissions
Residual commissions in GoldBlocks 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 first level o the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).
Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.
Positions in the binary team are filled via direct and indirect recruitment of GoldBlocks affiliates. There is no limit to how deep a binary team grow.
Each GoldBlocks affiliate package is assigned a number of points:
Starter ($100) – 80 points
Partner ($500) – 400 points
Business ($1000) – 800 points
Master ($5000) – 4000 points
VIP ($9000) – 7200 points
Diamond ($20,000) – 16,000 points
At the end of each day GoldBlocks tallies up new investment package points on both sides of the binary.
An affiliate is paid 10% of matched volume on both sides, with leftover volume on the stronger side carried over.
Note that daily binary commissions are capped as per the following rank qualification criteria:
Business Marketer (recruit at least two affiliates who have invested) – $500
Bronze Executive (recruit at least two Partner or higher affiliates and have generated at least 5,000 weaker binary side points) – $750
Silver Executive (generate at least 10,000 weaker binary side points) – $1000
Gold Executive (recruit at least two Bronze or higher affiliates and generate at least 25,000 weaker binary side points) – $1500
Director Executive (recruit at least two Silver or higher affiliates and generate at least 100,000 weaker binary side points) – $2000
Diamond (recruit at least two Gold or higher affiliates and generate at least 500,000 weaker binary side points) – $2500
Blue Diamond (recruit at least two Diamond or higher affiliates and generate at least 1,000,000 weaker binary side points) – $3000
Black Diamond (recruit at least two Blue Diamond or higher affiliates and generate at least 5,000,000 weaker binary side points) – $3500
Crown Diamond (recruit at least two Black Diamond or higher affiliates and generate at least 10,000,000 weaker binary side points) – $4000
President Ambassador (recruit at least two Crown Diamond or higher affiliates and generate at least 20,000,000 weaker binary side points) – $5000
GB Coins
In addition to a daily ROI in coins, GoldBlocks affiliate packages also come with an upfront amount of coins:
Starter – 100 GB Coins
Partner – 500 GB Coins
Business – 1000 GB Coins
Master – 5000 GB Coins
VIP – 9000 GB Coins
Diamond – 30,000 GB Coins
Gold
GoldBlocks affiliate packages come with a set amount of gold:
Partner – 1 gram
Business – 2 grams
Master – 5 grams
VIP – 20 grams
Diamond – 25 grams
Additional gold can also be obtained by qualifying at the Bronze Executive and higher ranks:
Bronze Executives receive 1 gram of gold
Silver Executives receive 2 grams of gold
Gold Executives receive 5 grams of gold
Director Executives receive 20 grams of gold
Diamonds receive $5000 worth of gold stored in a mint
Blue Diamonds receive $10,000 worth of gold stored in a mint
Black Diamonds receive $25,000 worth of gold stored in a mint
Crown Diamonds receive $50,000 worth of gold stored in a mint
President Ambassadors receive $100,000 worth of gold stored in a mint
GoldBlocks don’t provide any information about where the mint gold is stored or how affiliates can access it.
Joining GoldBlocks
GoldBlocks affiliate membership is tied to investment in one of the following six packages:
Starter – $100
Partner – $500
Business – $1000
Master – $5000
VIP – $9000
Diamond – $20,000
Conclusion
Whilst publicly tradeable, GB Coin has no real-world application outside of the GoldBlocks MLM opportunity.
That is to say short of accumulating GB Coins and hoping the price magically rises, to anyone who isn’t a GoldBlocks affiliate they’re worthless.
This is reflected in the value of a GB Coin, currently 2 cents on CoinMarketCap.
Unfortunately the altcoin MLM niche is usually attached to pyramid recruitment, with GoldBlocks being no different.
Nothing is marketed to or sold to retail customers, with commissions inside the income opportunity tied to recruitment of new affiliates.
With GB Coins being practically worthless, this is how the majority of GoldBlocks affiliates will make money.
Aleksandar Sokolov and whoever else might be running GoldBlocks, make their money by dumping pre-mined GB Coinsonto affiliates for a premium.
This is reflected in GB Coins bundled with affiliate packages via a 1:1 ratio.
The bundled gold is neither here nor there, representing only a fraction of funds invested. In essence it’s a marketing write-off for the admin(s).
As with all recruitment-driven schemes, once affiliate recruitment dies down interest in GB Coin will drop.
With recruitment being the only realistic way to recover invested funds, this will see the majority of GoldBlocks affiliates lose money.
As for GB Coin, it’ll eventually dwindle away to a value representing what it’s actually worth – that being nothing.
🤖 Quick Answer
Who owns and operates GoldBlocks?GoldBlocks lacks transparent ownership information on its main website. The secondary domain mygoldblocks.com lists Aleksandar Sokolov from Ljubljana, Slovenia as owner, registered December 14th, 2016. The primary domain goldblocks.eu was privately registered May 29th, 2016, with ownership details undisclosed, raising concerns about operational transparency.
What products does GoldBlocks offer?
GoldBlocks operates without retailable products or services. Affiliates exclusively market GoldBlocks membership itself rather than tangible goods, characterizing it as a membership-based recruitment model focused on enrollment rather than product sales.
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