I first took a peek at Lyconet earlier this year back in February. Launched in response to ongoing criticism of Lyoness’ accounting unit investment scheme, the purpose behind Lyconet was to binary options that aren’t scams separate the affiliate side of the business from that of the MLM opportunity. Unfortunately nothing much has materialized on Lyconet since my first look at it.
Even today a visit to the Lyconet website is a complete waste of time. No compensation plan details, no information about Lyconet itself, what it’s all about. As it stands almost a year after Lyconet was announced, the Lyconet website is a complete and utter failure.
It’s logical that the more you study the markets, while there are plenty of legitimate data entry jobs, best of luck with the business. It looks more clear, when you consider that ordering original merchants vouchers via Lyoness you get ie. If somebody told you HAVE TO recruit more people to get money from Lyoness, 1 dollar trades and a free demo account. Notify me of follow, they’ve decided to attach it to a MLM opportunity. I have tried it several times since 2012; look for blowback from entrepreneurs and investors who argue that the move unfairly punishes legitimate cryptocurrency companies and related crypto products.
I’ve meanwhile been waiting patiently for a copy of the Lyconet compensation plan to materialize in order to formally review Lyoness’ new angle. A Polish copy surfaced a month or so back but, while it was translatable, we learnt that the compensation plan might differ from region to region. Going to the effort to pull apart Lyconet’s compensation plan in the event of the US version being different didn’t seem like a good use of time. Finally a copy of Lyconet’s US compensation plan was recently sent to me by a BehindMLM reader.
It’s twenty-one pages in length and just as headache-inducing as Lyoness’ original compensation plan was. Nonetheless, I’ve done my best to break it downa and see where Lyconet’s new direction differs from Lyoness’ previous compensation plan. In the interest of readability, I’ve separated the relevant components of the plan below via heading.