A Shadowy Crypto Scheme Built on GLAM Token Hype
A cryptocurrency investment platform called My Crypto Consult is operating without disclosing who actually owns or runs it—a classic red flag that should alarm anyone considering putting money into the operation.
The company registered its domain, mycryptoconsult.io, in June 2018 and last updated registration details in June 2019 using private information. The only name attached to the company is Willi Morant, who lists himself as "Project Development." According to his Facebook page, Morant joined the operation in late 2018. Before that, he was promoting Holiday Coin Club, a cycler scheme that collapsed, and FGXpress, another failed venture.
My Crypto Consult appears connected to FutureNet, another multilevel marketing operation. Earlier this year, FutureNet affiliates were pushing FuturoCoin, a cryptocurrency that became a textbook Ponzi exit-scam.
The pattern is damning: hidden ownership, ties to previous failed schemes, and a leadership team with a track record of promoting collapsed operations. Anyone considering involvement should take that as a serious warning.
My Crypto Consult doesn't sell actual products or services. Affiliates can only market membership in the scheme itself. The entire operation hinges on recruiting others and getting them to buy into GLAM tokens.
Here's how the money grab works. Recruits choose investment tiers starting at 1,000 GLAM tokens and scaling up to 10 million tokens. The company dangles 300 to 325 percent bonuses to make the initial purchases look attractive. Each tier caps how many tokens an affiliate can accumulate and what they can earn.
The entry-level QuickStarter allows affiliates to accumulate 44,000 tokens with commission caps at $2,000. The Leverage Pack tier caps out at 6.5 million tokens over a six-month membership. The 7PayMaxx All-In-One level reaches 22 million tokens over 12 months. At the top, VIP and Elite tiers allow affiliates to theoretically accumulate 7.5 billion GLAM tokens.
The compensation structure relies on two proven predatory mechanisms. First, affiliates earn 10 percent commissions from anyone they personally recruit. Second, the company uses a binary compensation structure where affiliates occupy positions in a branching tree. As recruitment spreads, each level doubles the available positions. The company tallies new investment volume on both sides of an affiliate's team and pays residual commissions as a percentage of those funds.
This is textbook multilevel marketing disguised as a cryptocurrency investment platform. The binary compensation structure mathematically guarantees most participants lose money—it's built that way. Only those at the very top profiting from early recruits stand to win.
My Crypto Consult is selling nothing but the promise that GLAM tokens will increase in value. That value depends entirely on new money flowing in from new recruits. When recruitment inevitably slows, the tokens become worthless and everyone except the operators loses their investment.
The lack of transparency, the connections to previous collapsed schemes, the absence of real products, and the entire reliance on binary recruitment commissions paint a clear picture. This isn't investing. It's a Ponzi scheme dressed up in cryptocurrency language. Anyone considering joining should know exactly what they're actually buying into.
🤖 Quick Answer
What is My Crypto Consult and its business model?My Crypto Consult is a cryptocurrency investment platform registered in 2018 that operates without transparent ownership disclosure. The company promotes investments centered on GLAM tokens and exhibits characteristics of multilevel marketing schemes, raising significant regulatory and legitimacy concerns among financial authorities.
Who are the key figures behind My Crypto Consult?
Willi Morant is the only publicly identified person associated with the operation, listing himself as "Project Development" since late 2018. Prior to this, Morant promoted Holiday Coin Club, a collapsed cycler scheme, and FGXpress, demonstrating a pattern of involvement with failed ventures.
What are the primary red flags associated with this platform?
Major warning signs include undisclosed ownership structure, private domain registration, connection to failed schemes, alleged multilevel marketing practices, and promotion of speculative GLAM
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