Welcome to my Modern Money Team Review. There has been some vibe about this company called Modern Money Team, so I decided to find out what the company was all about and do some research on the company.
You are probably here because you have heard of Modern Money Team and want to find out if it is a legit company or a scam.
Here is a detailed review on the company Modern Money Team and I would walk you through the Modern Money Team company, the compensation plan, the products and the verdict.
Modern Money Team Review – The Company
The domain name for the site modernmoneyteam.com was registered earlier this year on May 25, 2017, but there’s no way of knowing who the owner is or where the registration took place since it’s under a private state.
This company provides little to no information on their website about who owns or operates the business.
A little research revealed that the company’s website domain “modernmoneyteam.com” was registered privately on the 25th day of May, 2017.
More research revealed that the businesses affiliates name Dan Putnam as the CEO of the business.
I’m not sure why this information isn’t provided on the company’s website.
Back in 2012, Dan Putnam first appeared on the MLM scene as an owner of EPX Body, and in 2014 he launched another company called One80.
One80 was a transition to online marketing tools for Putnam, whereas EPX Body was a legit Mlm business opportunity with retail products.
One80 collapsed just one year later and was then followed up with the launch of Let Us Close, which was a sponsorship business opportunity that lasted for a just a few short months.
After a few months of the launch, Let Us Close was followed by The Elite Networker, which was also a monthly-fee sponsorship opportunity.
Shortly after The Elite Networker launched, it was was found to be unsuccessful and was deserted.
Putnam came back with a reboot of One80 in mid 2016 that was marked as an adcredit business opportunity.
In January 2017, online traffic estimates showed a sharp decline in interest.
The failure of the One80 reboot is likely why Putnam launched Modern Money Team.
Interesting so far? Continue to read for the complete review of this MLM business opportunity!
Modern Money Team Review – The Products
Looking at the product line for Modern Money Team, there’s not too much to see. Nothing is being sold or marketed to retail customers, and affiliates only have the affiliate membership to offer to those that are interested in it.
Modern Money Team does not offer any retail products or services.
The compensation plan of Modern Money Team includes a “customer” class that cannot earn commissions.
There is a marketing video on the company’s website suggesting that the business will offer investment in a mining pool, along with profits through cryptocurrency trading.
When you join Modern Money Team, you’ll begin learning all the ins and outs of trading and mining cryptocurrency.
This video also focuses on a system that requires affiliates to pay twenty dollars followed by “finding 2” who do the same.
There is nothing in this video mentioning any retail customers, products, or services offered.
The Modern Money Team Compensation Plan
Once an affiliate joins, they must invest between $50 and $3000 or more for a passive ROI over a set amount of time.
According to the company, an investment of $3000 is referred to as renting a “mining machine”.
A $50 or $300 investment is referred to as a “share” of the mining machines.
An affiliate’s $3000 mining machine investment will yield 75% of the value of the machine’s mining actions for the life of that machine.
A smaller investment of $50 or $300 will yield 1% or 10% of accumulated mining revenue (1% or 7.5%).
In order to make money with Modern Money Team, you’ll need to make an investment between $50 and $3000 (or more) in order to have access to a passive ROI.
Investing $3000 is referred to as renting a, “mining machine”, and investing either $50 or $300 is seen as buying a, “share” of those machines that are being rented out to other affiliates.
If you choose to go the $3000 route, Modern Money Team says that you’ll be able to earn 75% of the value of what that machine earns throughout its work for the entire life of it.
If you recruit other people to join Modern Money Team and invest, you can earn direct commissions.
The largest commission you can make is $200, and this is earned when you recruit someone that invests $3000 into the mining machine.
Recruiting someone that invests $300 earns you a $20 commission, and recruiting an affiliate that invests $50 allows you to earn $3.33.
Affiliates can also earn on residual commissions, and these are paid to them through a binary system.
Points are generated within the binary whenever money is invested into Modern Money Team, and the company adds up how many points were generated at the end of each week.
Once the points are added up, affiliates then earn commissions based on how much they have invested into the company.
Cost to Join Modern Money Team
The cost to join Modern Money Team as an affiliates is presently free.
While the affiliate membership for Modern Money Team is free, you’ll need to make an investment of at least $50 if you want to start earning money.
You can increase that investment up to $300 or $3000, and doing so will allow you to earn more throughout the compensation plan.
Modern Money Team doesn’t exactly specify this, but it looks like affiliates are required to pay a $20 fee in order to remain “active” within the company.
Although it’s not clear because there is no information available regarding this, it seems that a $20 a month fee is collected to keep an affiliate’s investment status as active.
Is Modern Money Team Actually Legit Or A Scam?
Modern Money is actually legit and not a scam. However to be successful in Modern Money or any other mlm company out there it would be depend on your marketing techniques, your lead generation technique and your ability to recruit.
Verdict on Modern Money Team
Although it seems like a retail side to this business is possible, it is probably unlikely due to the sheer lack of evidence that any mining is actually taking place.
Another problem with this company is that they are offering cryptocurrency securities, which requires registration with the SEC.
However, a little research showed that there is no company by the name of Modern Money Team or any derivative that is registered with the SEC.
Modern Money Team can look good on the surface, but when you really dig into things, the opportunity being offered becomes more and more unattractive the more you know about it.
I hope you enjoyed my Modern Money Team review and if you have any questions, please leave them in the comments below…