David Martin's Smart Media Technologies, a scheme launched in 2010, collapsed in 2014 when its affiliates faced arrest in Bangalore. Martin subsequently resurfaced in late 2015 with Skill Dragon, an enterprise that eventually morphed into Lifestyle Galaxy, a venture bearing striking resemblances to his prior failed operations.
Skill Dragon initially purported to be a revenue-sharing platform focused on mobile applications and esports. This concept failed to gain traction. Subsequently, Dragon Mining, a cryptocurrency mining pool, was introduced as part of the company's offerings. Dragon Mining itself did not achieve sufficient success to sustain the business independently. Martin then decided to pivot, relaunching Dragon Mining as the central component of his new endeavor.
This brings us to Lifestyle Galaxy. The company presents itself as a multilevel marketing opportunity centered on cryptocurrency mining. Affiliates invest in "mining contracts" with varying tiers, from $500 to $10,000. These contracts are purportedly linked to Bitcoin and Ethereum mining and are locked in for three years. The purported daily return on investment (ROI) is directly correlated to the amount invested. Payouts are made in either Ethereum or Bitcoin, with affiliates mandated to reinvest 35% of their monthly ROI.
The compensation plan includes direct recruitment commissions. Affiliates receive $150 for each new member they bring into the scheme. Beyond direct recruitment, Lifestyle Galaxy utilizes a binary compensation structure for residual commissions. In this structure, an affiliate sits at the top of two legs, left and right. New recruits fill positions within this binary tree, creating deeper levels. Residual commissions are calculated based on points generated through recruitment and payments made by recruits. Recruitment generates 200 points, and payments contribute to this point system.
The company's product line centers on these mining contracts, which are offered to retail customers at a higher price than affiliate-purchased contracts. Retail customers also have the option to engage with Skill Dragon's mobile games, though the original concept's failure makes this aspect unlikely to attract significant participation. Lifestyle Galaxy's business model appears to be a direct continuation of David Martin's previous ventures, particularly Smart Media Technologies, which was itself a recruitment-driven scheme. The arrests of Smart Media Technologies affiliates in Bangalore in 2014 marked the end of that particular operation. The current structure of Lifestyle Galaxy, with its emphasis on contract investments and recruitment, echoes the characteristics of prior collapsed schemes.