Smart Media Technologies was initially launched in 2010 by David Martin.
Smart Media Technologies was bundled with YOBSYN, a social media network affiliates paid hundreds of dollars to access. Commissions were paid out when they recruited others who did the same.
In 2014 Smart Media Technologies affiliates were
arrested
in Bangalore, prompting the end of the scheme.
Martin (right) lay low, eventually to return in late 2015 with
Skill Dragon
.
Skill Dragon was initially supposed to be a revenue sharing type opportunity, based on mobile apps and eSports.
The concept flopped and so Dragon Mining, a cryptocurrency mining pool opportunity, was added to the company’s offering.
Dragon Mining never took off on its own, or at least not enough to entirely sustain itself.
At some point Martin decided to pull the plug and relaunch Dragon Mining as the core of the business.
That brings us to Lifestyle Galaxy, which is pretty much a rehash of Smart Media Technologies’ previously failed ventures.
Read on for a full review of the Lifestyle Galaxy MLM opportunity.
The Lifestyle Galaxy Product Line
Lifestyle Galaxy sell mining contracts to retail customers.
No details are currently provided, other than retail mining contracts will cost more than the same contracts Lifestyle Galaxy affiliates can purchase.
Retail customers can also participate in Skill Dragon’s mobile games, however this is unlikely owing to the original concept having already flopped.
The Lifestyle Galaxy Compensation Plan
Lifestyle Galaxy affiliates sign up and invest money into “mining contracts”.
Level 1 – $500
Level 2 – $1000
Level 3 – $2000
Level 4 – $2500
Level 5 – $5000
Level 6 – $10,000
These contracts are purportedly attached to bitcoin and ethereum cryptocurrency mining and are locked in for three years.
The more an affiliate invests the higher their comparative daily ROI payout.
Variable ROI payouts are made in either ethereum or bitcoin for the life of the contract, with affiliates required to reinvest 35% of each monthly ROI.
Recruitment Commissions
Lifestyle Galaxy affiliates are paid $150 each time they recruit a new affiliate.
Residual Commissions
Lifestyle Galaxy pay residual commissions 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 of 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 affiliates. Note that there is no limit to how deep a binary team can grow.
Residual binary commissions are paid out according to points. Binary points are generated via recruitment (200 points), payment o
🤖 Quick Answer
What was Smart Media Technologies and its initial business model?Smart Media Technologies, launched in 2010 by David Martin, operated as a multilevel marketing scheme bundled with YOBSYN, a social media network. Affiliates paid substantial fees for access and earned commissions by recruiting additional participants into the structure, characterizing it as a recruitment-based compensation system.
Why did Smart Media Technologies collapse in 2014?
In 2014, multiple Smart Media Technologies affiliates were arrested in Bangalore, India. These arrests prompted immediate cessation of the scheme's operations and marked the end of the company's initial business venture in its original form.
How did David Martin return to the industry after 2014?
David Martin reestablished his business presence in late 2015 through Skill Dragon, initially conceptualized as a revenue-sharing opportunity centered on mobile applications and esports technology platforms.
**What
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