GameLootNetwork – Game Loot Network Review

348 views

Game Loot Network

Game Loot Network


Game Loot Network Review: $10-$1000 gaming tokens

Game Loot Network run in the mobile gaming MLM niche and entered into prelaunch in May 2015.

Baseding on the Game Loot Network LinkedIn profile, the company is based from the US state of Arizona. The get in touch with web page of the Game Loot Network opposes this however, rather giving an address in Missouri.

Further study exposes a number of relatively unassociated companies running from the supplied Missouri address, so I’m not also sure what the tale exists.

Including further confusion to the mix is Game Loot Network’s “site terms”, which states a 3rd state, Georgia:

Any belief relating to (Insert company name below) website should be controlled by the legislations of the State of Georgia regardless its problem of regulation provisions.General Terms and Conditions appropriate to Use of a Web Site.

(insert business name here) shows up multiple times in the terms, recommending Game Loot Network have merely duplicate and pasted a boilerplate template from a third-party.

For reasons unidentified, there is no details on that owns and operates Game Loot Network on their site.

The Game Loot Network internet site domain (“gamelootnework.com”) was first registered on the 16th of December 2014. The registration was last upgraded on the 30th of March 2015, suggesting that could be when the existing owner(s) obtained the domain name.

Lance Baker of Game Loot LLC is listed as the domain proprietor. Baker is cited as the writer of a $2.99 eBook labelled “Game Loot: Grab Your Piece of the Mobile Gaming Revolution” on several sites, however other than that I was not able to develop his partnership with or role within Game Loot Network.

As consistently, if an MLM business is not freely upfront concerning that is running or possesses it, think lengthy and tough about joining and/or turning over any sort of cash.

The Game Loot Network Product Line
Game Loot Network provides affiliates access to a mobile gaming system they call “The Fun Zone”:.

Our mobile gaming system is called The Fun Zone.

It is so much greater than just a platform to host our mobile video games. It is a living, breathing mobile gaming neighborhood that enables players to have a good time and win prizes in an interactive environment.

The platform can be accessed free of cost or by utilizing paid tokens, sold in the following packages:.

Fun 50 ($10)– 50 tokens.
Enjoyable 250 ($50)– 250 tokens.
Fun 500 ($100)– 500 tokens.
Fun 1250 ($250)– 1250 tokens.
Fun 2500 ($500)– 2500 tokens.
Enjoyable 5000 ($1000)– 5000 tokens.
Purchase of the above plans is connected to Game Loot Network affiliate membership, with there not appearing to be a retail providing.

The Game Loot Network Compensation Plan.
The Game Loot Network payment plan pays affiliates to hire brand-new affiliates and invest money every month on token package deals.

Payments are paid on recruit of a new affiliates as well as on a month-to-month needed minimum spend.

Payment Qualification.
All Game Loot Network affiliates are called for to invest cash every month to get payments.

Just how much is called for to be invested is determined by an affiliate’s subscription rank (see below).

Game Loot Network Affiliate Ranks.
There are eight affiliate ranks within the Game Loot Network settlement plan.

Together with their corresponding qualification requirements, they are as complies with:.

Premium Gamer– subscribe as a Game Loot Network associate, spend a minimum of $10 a month and recruit and keep at least one brand-new associate.
Game Ambassador– join a Fun 500 or greater bundle ($100) or spend at the very least $50 a month and hire and preserve at least another Game Ambassador or greater placed affiliate.
Degree 1 Ambassador– spend at least $50 a month and recruit and keep at the very least three Game Ambassador or greater placed affiliates.
Degree 2 Ambassador– spend a minimum of $50 a month and hire and preserve at the very least 6 Game Ambassador or greater rated affiliates.
Level 3 Ambassador– spend a minimum of $100 a month, hire and keep at least 10 Game Ambassador or higher placed affiliates and have a down line investing at the very least $5000 in sales every month.
Degree 4 Ambassador– spend at least $100 a month, hire and maintain at the very least ten Game Ambassador or greater placed affiliates and have a team investing at the very least $20,000 in sales every month.
Degree 5 Ambassador– invest a minimum of $100 a month, recruit and preserve at the very least ten Game Ambassador or higher placed affiliates and have at least 5 Level 4 Ambassador or higher rated affiliates in your down line (one in the initial 10 levels of different unilevel legs).
Degree 6 Ambassador– spend at least $100 a month, recruit and maintain a minimum of 10 Game Ambassador or greater ranked affiliates and contend the very least five Level 5 Ambassador or higher placed affiliates in your down line (one in the very first ten levels of different unilevel legs).
Note that where regular monthly sales volume allocations use, only 50 % of the overall volume needed can come from any sort of one unilevel leg.

Employment Commissions.
Game Loot Network affiliates are paid a 10 % payment when newly recruited affiliates purchase among the offered token package deals.

This payment is paid out on all token plans acquired within a recently hired affiliate’s first 30 days with the firm.

Recurring Commissions.
Residual commissions in Game Loot Network are paid out via a unilevel payment strategy.

A unilevel payment framework positions an affiliate at the top of a unilevel team, with every directly hired associate placed directly under them (level 1):.

unilevel-commission-structure.

If any one of these level 1 affiliates take place to hire new affiliates, they are put on degree 2 of the original affiliate’s unilevel group.

If any level 2 affiliates hire new affiliates, they are put on degree 2. If any type of level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.

Game Loot Network cap payable unilevel levels at ten, with commissions paid out as a percent of token packages bought by recruited affiliates.

Just how much of a percentage is paid out is determined by what level of the unilevel team the associate acquiring a token plan is placed on.

Affiliates are likewise just able to make on particular unilevel levels baseding on their GamerLoot Network affiliate rank:.

Costs Gamer– 10 % on level 1 and 5 % on level 2.
Game Ambassador– 10 % on degree 1, 5 % on degree 2 and 3 % on degrees 3 and 4.
Level 1 Ambassador– 10 % on degree 1, 5 % on degree 2 and 3 % on degrees 3 to 6.
Degree 2 Ambassador– 10 % on level 1, 5 % on level 2 and 3 % on degrees 3 to 8.
Level 3 Ambassador– 10 % on level 1, 5 % on degree 2 and 3 % on degrees 3 to 10.
Go Deep Bonus.
Offered to Level 4 Ambassadors or higher, the Go Deep Bonus pays an extra 1 % bonus compensation on every unilevel leg starting from the 11th level onward.

The bonus pays out baseding on generations, with a generation defined when another Level 4 Ambassador affiliate is discovered in any kind of individual unilevel leg (including the first 10 degrees).

Approximately two generations are payable, without Level 4 Ambassador or greater associate discovered in a unilevel leg extending a generation throughout of the leg.

Level 5 Ambassadors could make on an additional two generations, specified when as much as 2 Level 2 Ambassadors are discovered in a unilevel leg. One more two generations are once again opened when an associate certifies as a Level 6 Ambassador (with generations defined by finding up to 2 Level 6 Ambassadors).

Coded Infinity Bonus.
The Coded Infinity Bonus is a compensation paid out on token plan purchases by an associate’s recruited down line, within the initial 30 days of them joining Game Loot Network.

Note that only Game Ambassador affiliates that have bought a Fun 500 bundle ($100) or higher can get the Coded Infinity Bonus.

The bonus itself prolongs down an unlimited employment depth, paying on a hired affiliate’s first three recruited affiliates, their very first three hired affiliates, their initial three and so forth and so forth.

As much as 50 % of the rate spent for a token package is paid out, with just how much an individual associate obtains established by how many affiliates have been personally hired:.

Level 1 Ambassador = 15 %.
Level 2 Ambassador = 30 %.
Level 3 Ambassador = 35 %.
Degree 4 Ambassador = 40 %.
Level 5 Ambassador = 45 %.
Degree 6 Ambassador– 50 %.
Note that the portion increase just puts on affiliates recruited after an associate has actually gotten a higher percent payout (starting from the fourth affiliate recruited at Level 1 Ambassador).

Note that a Game Loot Network affiliate could just receive a coded incentive up to the greatest token package deal they have offered. If a greater bundle is marketed, the coded bonus offer approximately the highest package deal will be paid and the rest passed up us breakage.

Eg. If a hired associate offers Fun 1250 plan yet the greatest package their prompt upline (which qualifies for the coded reward) has actually sold is a Fun 250 plan, the upline will just be paid the coded reward as if the original bundle offered was a Fun 250 plan. They will not gain the full Fun 1250 coded bonus payment.

Matching Bonus.
The Game Loot Network Matching Bonus pays affiliates a portion suit of residual (unilevel) compensations and Coded Bonuses paid out to personally hired affiliates.

As soon as a Game Loot Network associate qualifies at the Level 2 Ambassador or seniority, they are paid a 20 % Matching Bonus.

Global Revenue Sharing Pool.
The Global Revenue Sharing Pool combines regular monthly associate fees and advertising and marketing earnings, paid using 5 portion reward swimming pools.

Each month 1 % of company-wide associate fees and 5 % of Game Loot Network marketing earnings is positioned right into five pools, with affiliates able to make an equal share in each pool according to their affiliate ranking:.

Level 3 Ambassador– 1 % associate costs and 5 % ad revenue.
Level 4 Ambassador– 1 % associate fees and 5 % advertisement earnings.
Degree 5 Ambassador– 1 % associate charges and 5 % advertisement revenue.
Level 6 Ambassador– 1 % associate costs and 5 % ad revenue.
A 5th “Founders Pool” is also offered, paying 2 % of associate fees and 5 % of ad profits.

The Founders Pool compensated affiliates which signed up before August 1st 2015 and hired at the very least ten affiliates, 5 of which went on to recruit at least ten affiliates themselves.

Signing up with Game Loot Network.
Connect subscription with Game Loot Network is connected to the acquisition of a $10 to $1000 token package deal.

Additionally Game Loot Network affiliates are additionally required to spend a minimum of $10 a month to stay payment qualified.

Conclusion.
The obvious concern with Game Loot Network is the absence of retail, both by design and from a functional point ofview.

Rather certainly the core concentration of the business is to register at the $100 “Fun 500 â�³ degree, pay a monthly fee and afterwards hire others who do the very same.

This starts of with acquisition of Fun 500 associate membership auto-qualifying a Game Loot Network as a Game Ambassador, which is called for to open different parts of the compensation strategy (pay to play).

Chain employment after that comes into play with compensations paid on freshly hired affiliates when they sign up with the business.

Residual compensations are paid on regular monthly associate charges:.

Unilevel Commissions are paid on all Fun Packs acquired by Premium Gamers and Ambassadors in your company AFTER their very first 30 days from their enrollment date.

With these fees called for to be paid in order to get commissions, and those payments being created when hired affiliates also pay their month-to-month costs.

Furthermore the only method to unlock all ten recurring payment unilevel levels, is to hire Game Ambassador or greater ranked affiliates.

Place every one of that together and exactly what you wind up with is a closed-loop system, initially paying out on employment and then an ongoing regular monthly autoship charge.

No retail happens inside the possibility, with there rather being a token and instead meaningless free membership choice.

These free participants can play video games and win prizes, yet that in and of itself generates no sales income.

Which brings us to the tokens Game Loot Network affiliates are purchasing each month.

Most likely these tokens are made use of to play unique video games and/or boost an affiliates chance of winning over cost-free participants.

Our objective at Game Loot Network is to offer you an incredible chance to grab your item of the exploding mobile gaming revolution.

Yet I couldn’t discover any type of explanation on the Game Loot Network website as to specifically what the tokens are used for.

One possibility is just what appears to be penny auctions, marketed only on an article dated July 7th:.

penny-auction-platform-game-loot-network.

That can be a method to get eliminate tokens and give a retail possibility, nevertheless as it stands there’s no mention of retail commissions in the Game Loot Network payment plan– all token purchases are connected to engagement in the MLM revenue opportunity as a Game Loot Network associate.

The existence of a cent auction system elevates concerns of its own.

To date not one MLM dime auction has been successful, factor being it doesn’t take wish for auction losers to understand they’ve spent cash and have absolutely nothing to show for it.

Hence whatever retail may be feasible quickly storage tanks (despite the inescapable contrasts to QuiBids), leaving affiliates buying bids solely for the function of certifying to earn commissions on hired affiliates which do the very same.

Whether that turns out to be the instance in Game Loot Network of course continues to be to be seen, pending the release of more details by the company.

Which in itself is a bit troubling, considering according to a July 27th company contact YouTube, Game Loot Network is expected to have actually released on August 1st.

At the time of magazine also standard details concerning Game Loot Network administration and ownership is missing from the company site.

Pending explanation on retail products and/or solutions available, as it stands Game Loot Network is reliant on affiliate employment to stay afloat.

When claimed recruitment decreases and at some point quits, like other recruitment-driven plan Game Loot Network will certainly collapse.

Comments

comments

Tags: #Game Loot LLC #Game Loot LLC review #Game Loot LLC scam review #Game Loot Network Affiliate Ranks review #Game Loot Network LinkedIn profile #Game Loot Network Product Line #Game Loot Network Review #Game Loot Network Review: $10-$1000 gaming tokens #Game Loot Network scam Review #GameLootNetwork #GameLootNetwork - Game Loot Network Review #GameLootNetwork - Game Loot Network scam Review #GameLootNetwork review #GameLootNetwork scam review #gaming tokens

Leave a reply "GameLootNetwork – Game Loot Network Review"

Human Verification: In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.


Author: 
author