GSPartners operates in the cryptocurrency niche.

The company provides no executive information on its website. Through our reporting on Karatbars International however, we know GSPartners was launched by Josip Heit.

Heit appeared on BehindMLM’s radar after Karatbars’ KaratGold Coin hype disaster in mid 2019.

In the lead up to the July 4th event, Karatbars CEO Harald Seiz had been promoting a 100 KBC to 1 gram of gold exchange.

That never happened, and KGC dumped 62% in public value shortly after the July 4th launch event.

In the wake of the marketing disaster, Harald Seiz was nowhere to be seen.

Instead Josip Heit, credited as Chairman of Karatbars Internationa’s Board,
fronted angry investors
in precorded videos.

The purpose of these videos was to come up with excuses for the Ponzi shitcoin’s dump.

This didn’t go down well with KGC investors, leading to Karatbars disabling comments on marketing videos featuring Heit.

Things get a bit murky over the next year and a half.

Karatbars’ KGC debacle saw regulatory warnings issued by
Namibia
,
Germany, South Africa
and
New Zealand
.

Sitting on funds they’d milked investors out of, Seiz and Heit laid low for most of 2019 and 2020.

Sometime in 2020 “Gold Standard” was launched, and along with it yet another token reboot. This time it was G999.

By September these plans had fallen through. Harald Seiz began promoting
Freebay
and V999, a spinoff of the G999 token.

If all of this sounds ridiculous to you, welcome to the MLM crypto niche.

Sometime between Gold Standard being announced and Freebay (mid 2020 or so), Harald Seiz and Josip Heit had a falling out.

Heit split from Karatbars and went on to launch GSPartners, retaining the original G999 shit token.

Read on for a full review of GSPartners’ MLM opportunity.

GSPartners’ Products

GSPartners has no retailable products or services, with affiliates only able to market GSPartners affiliate membership itself.

GSPartners affiliate membership provides access to Blockchain Academy, a platform used to

teach knowledge in the area of blockchain through video-based online courses where the topic blockchain is broken down into its components to create a solid foundation, and a course on coinization, crypto assets and digital currencies.

GSPartners’ Compensation Plan

GSPartners 
do not
provide a copy of their compensation plan on their website.

The following analysis has been put together from official GSPartners compensation information, tagged “internal use only”.

GSPartners affiliates invest in G999 tokens on the expectation of a return.

G999 tokens are invested in via GSPartner’s GSTrade exchange, at a rate of “69 USDT for 4999 G999 coins”.

Within GSPartners affiliates also receive G999 when they sign up.

sign up with a Brand Advantage Basic Package for 275 USDT annually and receive 3498 G999 tokens

sign up with a Brand Advantage Premium Package and receive more G999 tokens than the Basic Package

Note that I wasn’t able to ver

🤖 Quick Answer

What is GSPartners and its connection to Karatbars International?
GSPartners operates within the cryptocurrency sector and was established by Josip Heit, who served as Chairman of Karatbars International's Board. The company represents a spinoff from Karatbars, emerging following the KaratGold Coin marketing incident in 2019.

Who is Josip Heit and what role did he play in Karatbars?
Josip Heit is the founder of GSPartners and Chairman of Karatbars International's Board. He became publicly visible after the KaratGold Coin launch event, appearing in promotional videos to address investor concerns following the cryptocurrency's significant value depreciation.

What happened with KaratGold Coin in July 2019?
KaratGold Coin experienced a substantial market failure in July

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