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EvoRich is an MLM company that is catering to different types of users and investors, especially in the crypto industry. The website of the company, Evo-Rich.com, is marketing the company as some kind of new and highly innovative business that is capable of changing your life by providing various financial opportunities.

However, there are certain aspects of the company that has to be discussed in detail to make sure you are able to make a smart investment decision.

Keep reading to learn all about EvoRich to determine whether you should invest in it.

Overview of EvoRich

The primary goal of EvoRich is convincing users that it has some kind of innovative and profitable business model that can change your life. Evo-Rich.com is claiming to have different types of profitable tools and technologies that can fulfill the requirements of entrepreneurs and provide them huge profits.

However, the primary goal of the company is to make you invest in the company and participate in the referral scheme of the platform. There is nothing new in this type of company because this kind of business model is seen in many other companies.

Owner of EvoRich

Andrey Khovratov is the owner of EvoRich. He has been a part of several other MLM companies. One of his most famous ventures is SkyWay Capital. In fact, Evo-Rich.com can be considered a spinoff of SkyWay Capital.

SkyWay Capital has been a part of many different controversies over the years. Countries like New Zealand, Germany, and Greece have issued warnings against SkyWay Capital. It is important to consider these warnings because the team behind SkyWay Capital and EvoRich is the same.

The fact that both SkyWay Capital and EvoRich are promoting NEEW (New Economic Evolution of the World) also shows that both companies are working with similar approaches.

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It is possible that Andrey Khovratov has formed EvoRich as a backup so that he can have another company in case SkyWay Capital collapses. However, the business model of this company is also not sustainable.

Evo-Rich.com

Registration Fee of EvoRich

The registration fee and entire income structure of EvoRich are extremely disappointing because the company is dealing with internal crypto-tokens called WCRU. There is no information available about the value of one WCRu in actual USD.

The marketing video of Evo-Rich.com makes it clear that users will have to invest at least 30 WCRU in the company to take part in the income structure of the company. However, even this information is not clearly available on the website. Instead, only a marketing video contains this information.

Income Structure of EvoRich

Evo-Rich.com does not contain any clear information about the income structure of the company. However, the following information is compiled and reviewed with the help of the marketing presentation.

EvoRich takes all of the investment in its internal crypto token called WCRU. The main goal of the company is to make sure the affiliates are recruiting as many people as they can.

Affiliate Ranks of EvoRich

Evo-Rich.com provides the following breakdown of the affiliate ranks of the company:

  1. Partner Rank at which the users must invest 30 to 200 WCRU.
  2. Agent Rank at which the users must invest 50 to 300 WCRU.
  3. Consultant Rank at which the users must invest 300 to 1000 WCRU.
  4. Manager Rank at which the users must invest 1000 to 10000 WCRU.
  5. Leader Manager Rank at which the users must invest 5000 to 20000 WCRU.
  6. Top Manager Rank at which the users must invest 10000 to 50000 WCRU.
  7. Vice President Rank at which the users must invest 50000 to 100000 WCRU.
  8. President Rank at which the users must invest 100000 to 1000000 WCRU.

The company makes it clear that any profits you get will be in the form of WCRU. However, such type of currency does not have any actual value in the crypto market. Therefore, you should not invest your money in EvoRich. Instead, invest in genuine crypto investment companies that provide quick profits via legal and efficient ways. 

Other Bonuses

Evo-Rich.com promises several other bonuses and commissions to users to attract them and get their investment. Such bonuses include the traditional referral commissions, recruitment bonuses, and rank achievement bonuses.

However, you can only get these bonuses if you are recruiting a high number of people to the company. Otherwise, you cannot expect to make any significant profits from the company. 

Features of EvoRich

EvoRich is presenting itself as a highly profitable platform that has a number of different features and tools to facilitate the users. Let’s review these features one by one. 

International Platform

The company is claiming to be an international platform that is catering to all types of global users. However, Evo-Rich.com does not provide any official address of the company. It is difficult to believe that a new company like this has managed to establish itself all over the world.

Generally, MLM companies make such claims about being accessible to the international audience to gain more attraction and investment. EvoRich seems to be following the same pattern of making tall claims. 

Affordability

EvoRich claims to be an affordable platform for anyone who wants to participate in the company. Yet, the company is asking for a certain amount of investment from every user. The registration fee of the company is also extremely confusing because it is presented in the form of WCRU. 

Innovative Business Model

As discussed in the introduction of EvoRich, the company is presenting itself as a highly innovative and unique platform. However, the income structure of the company makes it clear that there is nothing new about this company. It is similar to many other MLM schemes that get investment from new users to pay the old ones. 

EvoRich

Mission 

The website mentions the company’s unique NEEW project in several places. The purpose of such a project is to provide finances and other resources to people and help them elevate their living standards. 

The mission of the progressive and unique NEEW project is social cohesion and support, distribution of wealth and resources, helping others, and leaving a legacy to descendants.

Conclusion

This thorough review of the features and income structure of EvoRich points to the fact the company is another Ponzi scheme by Andrey Khovratov. The company is too similar to SkyWay Capital which is already facing compliance issues in numerous countries. 

It is expected that EvoRich will keep evolving to become more user-friendly and attract greater investment. At this point, the entire income structure of the company is disappointing. The company is dealing with its WCRU currency which does not have any actual value in the market. 

Moreover, there is no evidence to suggest that any actual advancements are made to streamline WCRU. It is possible that the company is using this cryptocurrency to ensure the users do not complain about not getting profits.

However, you should keep in mind that the profits you get in WCRU will be useless because you will not be able to convert them into USD or some other fiat currency. 

The bottom line is that you should not invest in EvoRich because it is essentially a Ponzi scheme that cannot provide any significant profits. You will end up losing your investment. Instead, invest in genuine and reliable crypto investment companies. Such companies provide guaranteed profits because they have been operating in the crypto industry for a long time, and you can fully trust them. 

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Naabiae Nenu-B is a Medical Health Student and an SEO Specialist dedicated to flushing the web off fake news and scam scandals. He aims at being "Africa's Best Leak and Review Blogger" and that's the unwavering stand of Xycinews Media.

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‘Be Patient- Bitcoin Price To Recover’ Says A Popular Analyst

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The global market capitalization for the past couple of days is experiencing an extreme drain. Most of teh crypto assets are registering a consecutive 5 red daily candles in a row. The huge selling pressure accumulated on the Bitcoin price has compelled it to bottom below $38,000. By trending very close to the support levels around $37,000, the fear of BTC price revisiting levels around $34,000 hovers. 

Despite the bearish sentiments surrounds the assets, yet it is believed that the price will recover very soon. A popular analyst Alan Santana, suggests his followers to patiently wait until the price flips the bears. He also said that some people are already giving up Bitcoin, falling into the trap of ‘Panic Selling’. And also asked his followers not to join them, rather wait until the next pump.

Also Read: Dogecoin Price Feared To Continue With A Bearish Trend, Is $0.2 At Stake?

btcchart

The price seems to be following the path led by the analyst as it bounced significantly on visiting the support zone at $37,978. With a significant bounce, the price could surge close to $40,000 or above. However, yet the chances of forming lower lows still hover the rally. And in such a case, the price could even visit the lower support at $35,700 and rebound. 

However, $35,700 are among the strong support levels and if in case, the Bitcoin price fails to sustain, then a plunge below $34,000 may be imminent. But considering the indicators, the RSI has already bounced back and MACD showcases ease in the selling volume. And hence considering the factors a bounce above $40,000 may be on the way for BTC price.

Also Read: Cardano(ADA) Price Spikes As Bitcoin & Ethereum Yet To Manage The Trembled Situation!

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In addition to reviewscenter.net will try to provide their observations and make the best review here. But this monitoring is not complete without your comments, messages and reports. So post your comments on the investment system provided at the end of each post or email reviewscenter.net@gmail.com

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