Recently I have been approached by few people to join MLM business. MLM stands for Multi Level Marketing. It is networking kind of Business model, where you need to meet people ask them to use company products or to join them to be a member. You might heard of Amway, Vestige or even Moral are few names in this long list of these business.
The working modal of these line of business is called Pyramid structure of a formation of a tree. The more the people join under ypu the more benefit ypu will derive from it. The companies involved in MLM business aims at removing the middle man and directly reaching out to possible customer base by selling their products. Amway is renowned name in this line of business.
The new thing that I came across for this line of business is involvement of crypto. Yesterday, I was approached by a relative to join pearlvine to make audience k money. For once I get greedy, but on closer look I find, it is kind of crypto wallet.
What is pearlvine?
Pearlvine is a blockchain based software bank. It was developed by Daniel Johnson in 2015. Pearlvine means string of beads which is a digital bank where you can make money only through digital marketing. To make secure transaction, the company currently fascilitates login through Google authentication only.
How to Earn Money through Pearlvine?
Once the person join #pearlvine they used to open an account in Pearvine wallet. The wallet can be activated by paying $30 which is termed as 30 DP points.
Pearlvine DP is actual a virtual currency whose value is pegged to $1. This is kind of initial investment that the person supposed to make for keeping their account active. The more people you join under your referral and further the number they added to make a long chain allows the main hser to earn more DP points. This is called the referral scheme.
What is DP?
DP in pearlvine stands for Digital Points. DP is an open source of global payment network that is fully decentralized without any central authorities.
I am not much sure how these points goings to work to generate income. But after hearing the man out I was completelly clueless. What I take is that one can earn money through joining dufferrnt person under him. This is good source of part time job for many people. Hope they succeed in doing this and getting good return.
In case anybody like to get the referral. Let me know.
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I stay far away from any type of MLM schemes. Sure, some people are making money in this but I don't see any value to those.
Never heard about this one though.
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Well i too came across many MLM crypto projects like this. All i had dear is about the value of crypto which they are issuing may decrease, also we need to refer someone to took your investment that will create serious damage if entire project go down.