VenVici, a company operating in the mobile app and e-commerce multi-level marketing space, launched in mid-2014. The company's website domain was registered on January 10th, 2014. Ownership is attributed to Wang Ai Ping, identified through a Singapore address that is also listed on the VenVici website.
Details regarding VenVici's leadership and ownership remain obscured. Attempts to establish a concrete link between Wang Ai Ping and the company proved unsuccessful, potentially due to language barriers or a lack of public information. This opaqueness surrounding company leadership warrants caution for potential investors.
Affiliates with VenVici invest in "Gtokens," an internal digital currency. These Gtokens function within PlayToken, which VenVici describes as a mobile commerce platform. Third-party developers offer applications through PlayToken, allowing users to spend or exchange Gtokens. Participation in "collaborative campaigns" is one method for cashing out. Additionally, VenVici operates "V-More," an e-commerce site where Gtokens can be utilized for purchases.
The compensation structure for VenVici affiliates centers on these Gtokens. The company offers several avenues for monetization. Affiliates can engage in gaming campaigns that reward Gtoken earnings based on factors like downloads and gameplay. VenVici does not publicly disclose the current value of a Gtoken on its website.
Recruitment plays a significant role in the VenVici compensation plan, with a 50% referral commission paid on investments made by personally recruited affiliates. Beyond direct recruitment, residual commissions appear to be distributed through a 3xx matrix structure. While the depth of this matrix is not precisely defined, VenVici states it pays between 3% and 5% of daily investment volume generated within the structure.
Additional bonuses are mentioned in VenVici's compensation materials. The "Star Achiever Incentive" appears to recognize affiliates who exceed monthly performance benchmarks set by the company. A "Lifestyle Subsidy Incentive" is also referenced, seemingly rewarding top-performing affiliates with subsidies for personal luxury expenses, akin to a car bonus.
The cost of becoming a VenVici affiliate is not clearly stated on their website. However, the compensation plan implies a minimum investment of $100 in Gtokens is necessary to participate. Investments in Gtokens offer a bonus value; for instance, a $100 investment reportedly yields $200 worth of Gtokens, and a $1,000 investment is said to provide $3,000 worth.
VenVici's public documentation concerning its MLM structure is notably vague. The company does not offer official compensation plan details to the general public. This lack of transparency, particularly regarding ownership and investment specifics, raises questions about the business model's legitimacy. The company itself denies being a conventional or multi-tiered marketing company, though its operational structure suggests otherwise.