Hello there! In this article, we will be looking into the understanding of what the FOMO5K truly is. This will be an in-depth view to understand the 2×5 matrix completely and we will try to understand different aspects, that pertain to this sort of business.
It can be incredibly difficult to judge whether to invest or join a MLM company. This is especially true about companies, which are not totally upfront about who is running a company or even who owns it!
The FOMO5K does not provide any substantial or relevant information, on its website, especially those who own or run a company. Even the website domain for the FOMO5K was registered privately, on 2nd January 2020.
This was a fairly recent registration for the website domain of the company. It is important to have a thorough understanding of the MLM company that you are investing in.
What exactly is the FOMO5K?
The FOMO5K is a system that is decentralized in nature and uses a smart contract on the Ethereum Blockchain platform. They claim that it cannot be tampered or hacked easily, and is 100% automated.
There is only a single investment of 0.1 ETH which comes around to $25.26 and they claim that you can get a chance to get 5,000 ETH every 100 days.
Some of the features highlighting the power of the FOMO5K, based on their website are:
- A completely risk-free experience.
- Making a much more suitable experience for everyone.
- Having a smart contract that does not have any Ethereum.
- Passively earning without referring any more people.
- Generating an income passively of 5,000 Ethereum every 100 days.
- The actions are quite simplified.
What are the different FOMO5K products?
The most surprising aspect of the FOMO5K is that they do not have great quality products or services, which can be utilized for retail. As there are no products, affiliates solely rely on being able to rely on a business model, where the FOMO5K affiliate membership is the only model.
What is the compensation plan for the FOMO5K?
The affiliate program for the FOMO5K is the main compensation plan, where affiliates can gift each other with the help of 2×5 matrices. This type of matrix works on the model where an affiliate is placed at the top and has two positions directly under them.
The first two positions form the first level of the matrix, whereas the second level of the matrix is generated by splitting the first two positions. This can be further split into two other positions.
Here are the sequential gifting payments involved in this business model which are:
- Matrix 1, level 1 – gift 0.1 ETH and receive 0.1 ETH from two affiliates
- Matrix 1, level 2 – gift 0.16 ETH and receive 0.16 ETH from four affiliates
- Matrix 1, level 3 – gift 0.3 ETH and receive 0.3 ETH from eight affiliates
- Matrix 1, level 4 – gift 1 ETH and receive 1 ETH from sixteen affiliates
- Matrix 1, level 5 – gift 3 ETH and receive 3 ETH from thirty-two affiliates
- Matrix 2, level 1 – gift 8 ETH and receive 8 ETH from two affiliates
- Matrix 2, level 2 – gift 16 ETH and receive 16ETH from four affiliates
- Matrix 2, level 3 – gift 31 ETH and receive 31 ETH from eight affiliates
- Matrix 2, level 4 – gift 60 ETH and receive 60 ETH from sixteen affiliates
- Matrix 2, level 5 – gift 120 ETH and receive 120 ETH from thirty-two affiliates
What is the joining procedure for the FOMO5K?
The joining procedure for the FOMO5K involves the affiliate membership which involves a 0.1 ethereum gifting payment. The full participation of the FOMO5K’s income opportunity costs around 239.56 ethereum.
In conclusion, FOMO5K is not a very suitable business model and is not a good opportunity to invest in. With limited returns, lesser transparency, and no accountability it is not a great opportunity to invest it.
Even if you are deciding on investing, the recruitment aspect is simply a gifting scheme which may lead to high losses. The initial cost for joining is also significantly higher and can prove to be incredibly risky as well.
We hope you find this review informative in helping to make the choice in whether or not to invest in FOMO5K. Good luck!