November 29, 2020 by Brian Priest Welcome to my Freebay Review. Is this company a Legit MLM Or is it just a Karatbars Reboot Scam? Well let’s keep on reading because that’s what we are going to find out in this Freebay Review. 🙂
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Hello Everyone and welcome to my Freebay Review. I’ve heard this company mentioned a few times in various conversations. So I decided to dig deeper and find out what the Freebay Company is all about.
As as matter of fact you may have been approached by someone promoting their investment or business opportunity. And you came here to see if it’s legit.
So we are going to go through the company, the products, as well as the compensation plan to see what the information tells us. And then you will be able to make an informed decision about your future with the Freebay company.
So let’s get right into it and stay with me until the end and pay close attention as we go through this Freebay Review.
Freebay Review -(The Company)
So when I started digging into the Freebay company I discovered that they are a very new company. As a matter of fact the company was just founded this past June 2020. And there is no information about who owns or runs the company on their website. But this is what I was able to discover about the Freebay company.
The Freebay company is a cryptocurrencies education and trading platform. That to be honest with appears to be a reboot of a company called Karatbars. Or at least are partnering with them on multiple levels. And Karatbars has had a few hard black marks against them over the past couple of years.
And this is where things start to get a little confusing. Because Harold Seiz is the owner of Karatbars.
However he doesn’t talk about being the owner of the Freebay company . But even though he doesn’t come out and say that he is the owner of the FreeBay company. I am going to assume that he is. Along with several other partners. But once again that’s just my opinion.
In addition to that I discovered live call recorded on August 31,2020. in which Thomas Valet, who is Karatbars Communications manager, said the following statements:
[11:07] “This heart now gets a refreshment. There will be a new sales company that will be launched, unencumbered, without negative comments, messages, campaigns or targeted misinformations [sic].”
“The name of this new sales company is … Freebay.”
[12:14] “Freebay is located in the center of Switzerland. Internationally untouchable, solid, surrounded by international companies, organizations and associations.”
Freebay Company CEO
According to reports, Jurgen Pulvermuller is the CEO of the new Feebay company.
Before landing this gig as CEO of the Freebay Company Jurgen Pulvermulle was the Head of Global Sales at Karatbars. And prior to him coming to the Karatbars company in 2019 Jurgen Pulvermulle kept busy by network marketing promoting several well known MLM products. Visalus, Fibabe and Neora are just a few of the biggest ones to come to my mind.
As of right now there are not any more details on this portion of our Freebay Review. But I will continue to keep you updated as I am able to get more information. So let’s keep moving and look at the products offered by the Freebay company.
Freebay Review – (The Products)
Ok. So the Freebay Company doesn’t actually have any retail products or services for their affiliates to promote to retail customers. So really the only thing you can do become an affiliate and promote the Freebay company affiliate membership. However the affiliate membership is coupled with a digital training course library called Freebay Academy that educates and trains affiliates on cryptocurrencies as well as trading cryptocurrencies.
In addition to the Freebay Academy, affiliates also have access to Life Card. Now I’m not exactly sure what these are. And the Freebay company claims that their affiliates have exclusive access to Cooperation with selected partners. Whatever that means?
Other than that I believe the Karatbar or the Karatcoin may be the goal here. But that’s just me guessing. However something just doesn’t seem on the up and up to me. But let’s keep going anyway and look at what the Freebay company offers its affiliates in their compensation plan inside of our Freebay Review.
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Freebay Review – (The Compensation Plan)
To get started as a Freebay Company affiliate you must invest V999 Tokens. And the different Freebay memberships that are available for you to purchase are listed bellow:
- 1st we have the EVO Academy that will cost you €50 EUR monthly or €480 EUR annually.
- The 2nd there is the EVO Expert package and the cost for it is €190 EUR monthly or €1820 EUR annually.
- And finally 3rd is the EVO Life and this package will cost €480 EUR monthly or €4600 EUR annually.
It should also be noted that all of the V999 investments happens internally via Freebay company’s Genesis Market.
V999 Token Rewards
Once you are an investor and have V999 Tokens. You can become eligible to receive a daily share of 0.02% of the funds invested into the Freebay company. In addition to that there is a residual 0.02% bonus thta is paid on the V999 Token investments down 10 levels deep in a unilevel compensation plan.
Daily Investor Bonus
The FreeBay company also rewards the company’s daily top ten biggest investors (Transaction volume), with a 0.01% bonus of the total company-wide investment volume. And they pay this bonus daily…
There are 12 ranks total that affiliate can qualify in the Freebay company.
Below are the requirements affilites will need to meet in order to qualify for each rank. So for an affiliate to qualify as a:
- One Star Sapphire-you must sign up as a Freebay affiliate.
- Two Star Sapphire –you must generate €5000 EUR in your monthly downline membership fee volume.
- Three Star Sapphire – you must sign up for the EVO Academy or generate a minimum of €10,000 EUR in your monthly downline membership fee volume.
- One Star Emerald – you must sign up for EVO Expert or generate a minimum of €15,000 EUR in your monthly downline membership fee volume.
- Two Star Emerald – you must sign up for EVO Life or develop a unilevel leg generating at least €25,000 EUR a month and at least €15,000 throughout the rest of your unilevel team.
- Three Star Emerald – you must develop a unilevel leg generating at least €50,000 EUR a month and at least €30,000 EUR through the rest of your unilevel team.
And in addition to that…
- One Star Ruby – you must develop a unilevel leg that is generating at least €100,000 EUR a month and be generating at least €50,000 EUR through the rest of your unilevel team.
- Two Star Ruby –you must develop a unilevel leg that is generating at least €250,000 EUR a month and be generating at least €150,000 EUR through the rest of your unilevel team.
- Three Star Ruby –you must develop two unilevel legs generating at least €500,000 and at least €250,000 EUR a month respectively, and €100,000 EUR through the rest of your unilevel team.
- One Star Diamond – you must develop two unilevel legs generating €1,500,000 and €1,000,000 EUR a month respectively, and €1,000,000 EUR through the rest of your unilevel team.
- Two Star Diamond – you must develop two unilevel legs generating €2,500,000 and €1,500,000 EUR a month respectively, and €1,000,000 EUR through the rest of your unilevel team.
- Three Star Diamond – you must develop two unilevel legs generating €5,000,000 and €2,500,000 EUR a month respectively, and €2,000,000 EUR through the rest of your unilevel team.
Sponsoring Commissions – Freebay Review
The Freebay company pays commissions on membership fees collected for sponsored affiliates. However these sponsoring commission’s will be dependent on how much you invested when you got started:
- One Star Sapphires will receive a 7% recruitment commission rate
- Two Star Sapphires will receive a 15% recruitment commission rate
- Three Star Sapphires (or sign up with EVO Academy) will receive a 21% recruitment commission rate
- One Star Emeralds (or sign up with EVO Expert) will receive a 23% recruitment commission rate
- Two Star Emeralds (or sign up with EVO Life) will recieve a 25% recruitment commission rate
- Three Star Emeralds will receive a 26% recruitment commission rate
- One Star Rubys will receive a 27% recruitment commission rate
- Two Star Rubys will receive a 28% recruitment commission rate
- Three Star Rubys will receive a 29% recruitment commission rate
- One Star Diamonds will receive a 30% recruitment commission rate
- Two Star Diamonds will receive a 31% recruitment commission rate
- Three Star Diamonds willreceive a 32% recruitment commission rate
And the 32% is paid on all FreeBay membership fee’s.
The Freebay Company pays its residual commissions via a binary compensation plan structure.
The Freebay company affiliate Binary compensation plans can be filled either directly or indirectly by team members. And residual commissions are paid on the volume that is produced from affiliates that you sponsor.
Volume (GV) across the binary team is generated as follows:
- 1st = EVO Academy monthly payment = 2 GV
- 2nd = EVO Academy annual payment = 24 GV
- 3rd = EVO Expert monthly payment = 5 GV
- 4th = EVO Expert annual payment = 60 GV
- 5th = EVO Life monthly payment = 10 GV
- 6th = EVO Life annual payment = 120 GV
And for every 25 GV match on both legs against the binary leg that has 50 GV. You can earn a commission as well.
Below is the break down on what you get paid:
- the first ten pairs pay €25 EUR each
- 2nd are pairs 11 to 25 pay €20 EUR each
- 3rd are pairs 26 to 50 pay €18 EUR each
- 4th are pairs 51 to 100 pay €17 EUR each
- 5th are pairs 101 to 150 pay €16 EUR each
- 6ht are pairs 151 to 200 pay €15 EUR each
- 7th are pairs 201 to 700 pay €14 EUR each
- 8th are pairs 701 to 2100 pay €13 EUR each
- 9th are pairs 2101 to 4500 pay €12 EUR each
- 10th are pairs 4501 to 10,000 pay €11 EUR each
- 11th are pairs 10,001 to 30,000 pay €10 EUR each
- 12th are pairs 30,001 to 80,000 pay €8 EUR each
- 13th are pairs 80,001 to 180,000 pay €5 EUR each
Overall the cap is 180,000 matched volume pairs.
Once you are Two Star Sapphire or Three Star Sapphire, you can earn a matching bonus on personally sponsored affiliates of the same rank.
- Two Star Sapphires receive a 5% Matching Bonus
- Three Star Sapphires receive a 7% Matching Bonus
- One Star Emeralds receive a 10% Matching Bonus
The Freebay company pays a Generation Bonus to two Star Emerald and higher ranked affiliates. And these bonuses are paid via a unilevel compensation plan structure as well.
However the Freebay company caps their Generation Bonus at 7 levels deep in total:
- 1st Level (personally sponsored affiliates) – 1%
- 2nd and 3rd Levels – 1%
- 4th, 5th,and 6th Levels – 2%
- and Level 7 – 3%
Automated Trading Bonus
The FreeBay company EVO Expert and EVO Life affiliate memberships also provides access to passive returns.
- EVO Expert provides access to four passive return investment options
- EVO Life provides access to eight passive return investment options
Freebay Review – (The Cost To Join)
The price that The FreeBay company affiliate membership will cost you will depend on which one of the membership plans you choose.
Below are a list of options to choose from. As well as the cost for each one.
- 1 Free – no cost but must rank qualify to earn MLM commissions
- 2 EVO Academy – €50 EUR monthly or €480 EUR annually
- 3 EVO Expert – €190 EUR monthly or €1820 EUR annually
- 4 EVO Life – €480 EUR monthly or €4600 EUR annually
Freebay affiliate Membership fees can be paid monthly or annually. However the only differences between the membership plans is income potential…
Now I realize this has been a lot of information. So I found this video on YouTube that ties it all together. Just remember that it is a company presentation and it will be biased. So just use it for informational purposes only.
And now comes the part you have been waiting for. But unlike a lot of all the other FreeBay reviews out there I am going to be straight with you. So stay with me for a few more minutes. Because here are…
My Final Thoughts!
So is ther some kind of Scam going on behind the scenes at the Freebay company? Well let’s take a look at the information we have collected and see what it tells us.
First thing we notice is that the Freebay company ahs some pretty strong ties to Karatbars International. Which started off as gold themed pyramid scheme and even received orders to cease doing business in several countries. And they could have done a much better job as a company. But when the company started to fall. Harold Seiz began playing the cryptocurrency game.
And these cryptocurrency MLMs are generally a lot cheaper to operate.
So in 2018 the KaratBanks Coin was launched. However it didn’t do anything or go anywhere. So they tried again with KaratGold Coin and got quite a few investors to jump on the KBC coin bandwagon. And by the middle of 2019 it was going strong. And Herald Seiz was promising investors that 100 KBC could be converted into 1 gram of gold.
But when Independence Day came around, KBC dumped 62% and those 1g of gold promises were exposed as a complete lie. And today KBC stock publicly trades for around 0.2 cent…
So now this is their third attempt. But this time it is with V999. And once again Karatbars is committing securities fraud because of their passive investment opportunity.
So at end of the day there is nothing new here. And most likely the Freebay Company will end the same way as the past companies.
Anyway I can’t recommend this company. It’s a huge scam!
I hope you enjoyed my FreeBay review and if you have any questions or comments, please feel free to leave them in the comments section below.
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