Sport Social Market provide no business contact information on their site.
The Sport Social Market Terms however mention the company is owned by “YOKA TÉCNICA S.L” and that the arrangement is bound to the ‘legislation and jurisdiction of Barcelona, Spain’.
Yoka Tecnica is a Spanish corporation who cite their main business as the “development of recreation, entertainment and investment”.
The Sport Social Market website determines Toni Freixia (President) and Rafael Moya (CEO) as co-founders of the company. Most likely the two likewise co-own Yoka Tecnica.
Freixia has a legal background with a practice that specializes in Civil, Merchant, Procedural and Sports law.
Freixa does not appear to have an MLM history, which is where Rafael Moya comes in.
In 2013 Moya was promoting the Lucrazon Global Ponzi plan. He seems to have taken a break from MLM after Lucrazon Global collapsed in 2014.
Continue reading for a complete review of the Sport Social Market MLM chance.
Table Of Contents
The Sport Social Market Product Line
Sport Social Market has no retailable product and services, with affiliates only able to market Sport Social Market affiliate subscription itself.
The Sport Social Market Compensation Plan
The Sport Social Market settlement strategy sees affiliates buy five provided packages:
Amateur Pack– EUR146.78 EUR
Junior Load– EUR524.20 EUR
Senior Pack– EUR1048.40 EUR
Pro Load– EUR3145.20 EUR
Pro Plus Pack– EUR5242 EUR
Commissions and bonus offers attached to the above financial investment bundles are detailed below.
Sport Social Market affiliates are paid a 5% referral commission on funds invested by personally hired affiliates.
Residual commissions on funds invested are also paid by means of 9 levels of recruitment.
At the time of publication specific percentages paid out throughout the 9 readily available levels were unavailable.
Sport Social Market affiliate subscription and financial investment plans each featured coupons.
Connect membership produces one voucher and the investment plans as follows:
Amateur Pack (EUR146.78 EUR)– 7 vouchers
Junior Pack (EUR524.20 EUR)– 25 coupons
Senior Load (EUR1048.40 EUR)– 50 coupons
Pro Load (EUR3145.20 EUR)– 8 coupons (??).
Pro Plus Load (EUR5242 EUR)– 8 vouchers (??).
The above figures are taken directly from a main Sport Social Market presentation. It is presumed the voucher numbers for the Pro and Pro Plus Load are incorrect.
Vouchers are tradeable internally within Sport Social Market.
An affiliate with a coupon sets a price and another affiliate can acquire the coupon at that price.
Coupons are otherwise useless and hold no worth outside of the Sport Social Market income opportunity.
Residual commissions in Sport Social Market are paid out by means of a binary compensation structure.
A binary payment structure places an affiliate at the top of a binary group, split into 2 sides (left and right).
The first level of the binary group is made up of 2 positions. The second level of the binary group is generated as required, by splitting each of the two level 1 positions into another 2 positions each.
Subsequent levels of the binary group are created as the group grows, with positions filled through direct and indirect recruitment of new Sport Social Marketing affiliates.
At the end of every day investment volume is tallied up on both sides of the binary utilizing the following point worths:.
Amateur Pack– 140 points.
Junior Load– 500 points.
Senior Load– 1000 points.
Pro Pack– 3000 points.
Pro Plus Load– 5000 points.
Sport Social Market affiliates are paid 10% of the points created on the weaker binary side.
Keep in mind that the following qualification criteria and day-to-day binary earning caps likewise use:.
Amateur Load (must recruit at least 2 affiliates who invest)– EUR500 EUR a day.
Junior Load (create 500 points of investment volume every year)– EUR1000 EUR a day.
Senior Load (create 1000 points of financial investment volume yearly and– EUR3000 EUR a day.
Pro Pack (no qualification criteria available)– EUR10,000 EUR a day.
Pro Plus Load (no qualification criteria offered)– EUR25,000 EUR a day.
Recurring Matching Benefit.
Sport Social Market affiliates earn a matching benefit on residual binary commissions their unilevel down line earns.
The Residual Matching Perk is capped at 4 levels of recruitment.
How much a Sport Social Market affiliate can make is figured out by how much they’ve invested:.
Amateur Load– does not qualify for matching reward.
Junior Pack– 20% match on level 1 (personally hired affiliates).
Senior Pack– 20% match on level 1 and 10% on level 2.
Pro Load– 20% match on level 1 and 10% match on levels 2 and 3.
Pro Plus Pack– 20% match on level 1 and 10% match on levels 2 to 4.
Global Sales Bonus offer.
Sport Social Market affiliates can get approved for a share in 3% of funds invested company-wide.
Qualification requirements for the Worldwide Sales Perk was not available at time of publication.
Joining Sport Social Market.
Sport Social Market affiliate subscription expenses EUR45 EUR every year plus investment in one of five bundles:.
Amateur Load– EUR146.78 EUR.
Junior Pack– EUR524.20 EUR.
Senior Pack– EUR1048.40 EUR.
Pro Load– EUR3145.20 EUR.
Pro Plus Pack– EUR5242 EUR.
The primary difference between the above plans is income capacity through the Sport Social Market settlement plan.
Sport Social Market is set up to mostly enrich the company and its staff.
Affiliates turn over genuine cash for coupons, which are then traded on an entirely uncontrolled virtual share market.
Each coupon functions as a stock share and is traded with other affiliates.
Internal supply and demand drives what does it cost? Sport Social Market coupons are traded for.
Marketing spin sees the coupons pitched as increasing in value. You purchase coupons, unload them to another affiliate for a bit of profit, they do the very same and so on and so forth.
In reality the opposite is also possible. That being the Sport Social Market internal exchange crashes due to an excess of coupons.
This, in my opinion, is even more likely to happen over the rate of vouchers constantly increasing. This is because of the fact the Sport Social Market vouchers are absolutely useless outside of the virtual share market.
They exist only to attract affiliates to hand over real loan to Sport Social Market’s owners, who are the only ones guaranteed a profit on the sale of vouchers at a set rate.
The coupons cost Sport Social Market nothing to produce, so minus commissions paid out that’s 100% earnings for the company.
Regardless of whether Sport Social Market internal vouchers increase or decrease in selling price, the business is running an uncontrolled virtual stock exchange.
There’s no information on the Sport Social Market site suggesting the business has registered itself with a proper regulator in any jurisdiction.
The rest of the Sport Social Market settlement strategy is pyramid recruitment, which straight and residually pays existing affiliates to recruit new affiliate financiers.
As soon as Sport Social Market affiliate recruitment dies down, the voucher rate will crash and recruitment commissions stop.
Both of these signal a collapse, which will result in the majority of Sport Social Market affiliates losing cash.
I suppose eventually Toni Freixia’s legal background is going to come into play, with marketing suggesting he would not have anything to do with a deceptive plan.
It is necessary to keep in mind however that Freixa does not practice monetary or MLM law.
And even if he did, that doesn’t excuse or validate Sport Social Market’s obviously deceptive company model.
The fact that bitcoin is Sport Social Market’s favored approach of payment is also a point of contention.
When it inevitably collapses, using bitcoin is going to make fund recovery for victims even more challenging. Great for Toni Freixia and Rafael Moya, not so fantastic for Sport Social Market affiliates.
I hope you enjoyed this post, leave a comment below for any questions.