Nexxus University, Global Currency Coin Reserve, GCR Marketing, Cryptocurrency By Bob Wood

June 8, 2016 Facebook Twitter LinkedIn Google+ MLM & Affiliate Marketing News

Nexxus University, Global Currency Coin Reserve, GCR Marketing, Cryptocurrency By Bob Wood

Nexxus University was born out of the ashes of GCR Marketing.

Launched originally as Global Coin Reserve back in 2014, the initial business model was an out-and-out matrix-based pyramid scheme.

Global Currency Reserve was launched a year or so later. GCR as it became known as saw affiliates pay up to $2999.95 a month and get paid when they recruited others who did the same.

bob-wood-president-founder-cloudzowBob Wood (right) came on board and got rid of the more excessive GCR affiliate membership options.

Tied into the GCR MLM opportunity (known as GCR Marketing by this point) was GCR Coin, a cryptocurrency that never went anywhere.

GCR affiliates were supposedly mining the coin through GCR, but when the time came to launch the coin in August it pretty much just collapsed.

By January 2016 the writing was on the wall, and Wood pulled the plug on GCR Marketing and abandoned GCR Coin.

Nexxus University was announced as a stand-alone MLM opportunity shortly thereafter.

I’ve got nothing against people educating themselves on cryptocurrency, but an unaccredited “education course” provided by a company with the word “university” in its name is pretty misleading.

And on the topic of courses, why do people need to continue to pay monthly fees to access them? I mean once you’ve read (or watched?) the courses, isn’t that it?

If you’re keen get your participation award but after that, why are you still paying monthly fees?

I mean sure the people who recruited you get paid from those ongoing fees, but surely there’s some other legitimate reason?

Read the full article and join in the discussion over at BehindMLM.

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