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Wenyard, Empire Avenue On Steroids Or Pyramid Scheme?

Usually one learns of a new innovation, invention, social media breakthroughs from techie news sites like Spot, AllThingsDigital. Mashable, and others.  Word traveling fast in real-time is then amplified by all the major social networks (Twitter, Facebook and LinkedIn, for starters) and if it's really 'disruptive' it will begin to blanket our zeitgeist. This is then followed by the business trades and legacy publishers elaborating on the shiny new thing's various iterations over time.

At the onset, appropriate keyword searches will surface the story on the first page of Google News, later followed by Google's PageRank logging them into into its general SERPs, according to its trustworthiness, popularity, G+ Author Rank, etc.

When a news story of this sort sounds like it has the potential of being ground-breaking, but does not follow the above-mentioned normal flow pattern -- it often creates a seed of doubt -- as to why it hasn't been vetted by these accepted distribution channels. Could it just be hype? A PR stunt or a contrivance manufactured by marketers to appear greater than what it is?  Wenyard could be such a story.

Like Rippln that came before, Wenyard appears to be evoking interest vis a vis early adopters who are eager to become its first sword bearers and feudal lords. Like Ripplin, Wenyard appears to be dependent on these advocates to spread the word amongst the masses. While you can't find any news outlets talking about Wenyard anywhere, you will find tons of these early registrants posting blogs and producing YouTube videos to promote and build their individual feifdoms.

So is Wenyard just another MLM (multi-level marketing) or pyramid selling scheme? Well, it does seem to fit that pro forma. It does promote leaders to be compensated not only for their wise investments but also the investments of others they are able to bring into their fold.
Empire AvenueEmpire Avenue
Differing from the widely popular online social network Empire Avenue, the new wrinkle with Wenyard however is its tie to a virtual stock market called NASGO, where Wenyard players can buy/sell stocks in virtual companies listed on this online exchange. Important to be aware that while this is an opportunity for the converts to practice their investment skills -- all the stocks in this market are fictitious.


So where's the rub? Well, for one, you have to invest a hefty upfront registration fee, called a "Start Package,' that ranges in cost from €95 to €795. You then make money marketing the game to others or by trading your virtual currency called WFO's (Wenyard Future Options) for real cash - where all earnings -- according to the promos -- are available instantly in real-time.


You can see from the package breakdown, that the 'powers-to-be' are prompting registrants to gravitate up to the ExecutiveBroker level, since they'll triple what they paid in WFO's.

The site owners also make it very easy for you to create your own promotional blog to kick-start your very own proselytizing process. 

As a result, with a branded Wenyard website, joiners appear more like they are members of the original start-up team versus early adopters. During its beta period, termed its: "100-Day Exclusive Expansion Period," pioneer members also receive all kinds of discounts and promotional offerings to get a jump on potentially amassing an early fortune in advance of those that follow. It's hard to determine how many have set up shop at this juncture, but one blog indicated 20,000 strong had stormed the Wenyard gates in the first month.

However, as they say, the proof's not just in the pudding, the proof's in the return on your investment. In all due fairness, I have put out an interview request to Wenyard - hoping to speak to one of the founders to add his or her feedback to today's post - but as of this posting have not received a reply.

For those that have succeeded with other MLM network opportunities, you might want to kick the tires on this one and take it out for a spin.

However, when you do, you might want to question why their virtual stock investments are tied to real-life events (e.g. if you were to purchase bamboo stock out of the Philippines before the typhoon, apparently you would have lost money as a result of the natural disaster?) But more importantly, you might want to check this advisory and query why this company lists Scottsdale, Arizona as its city of origin, Malta as its website location, will only accept Euros for payment and play off of servers that "hide their identity."

 
With all investment opportunities, there is an element of risk. Speculation is part and parcel of the game, not only in the virtual world but also in the real world. With Wenyard like other gambles, I'm going to take a "sit-and-hold 'em" position - I need to understand more about the players at this table, before I go "all in."

However, I'm always open to being proven wrong. So perhaps a few of those 20,000 pioneers can provide us all with a little more input, to convince us, this investment isn't all hat and no cattle, or better yet, is more bear than bull! 

By the way, the acronym WENYARD apparently stands for "World Economic Network Yard," but NASGO has me baffled? Possibly "National Association of Speculation Game Online? Strange, but there's no Google Search that will presently give you the answer?

Comments
Jan 16, 2014
by Anonymous

It has to be a scam in one

It has to be a scam in one way or the other.

Jan 17, 2014
by Anonymous

rippln not paying

rippln not paying

Feb 1, 2014
by Anonymous

On the promotion videos they

On the promotion videos they start to talk about the financial markets (some kind of a trading challenge), but it is is all about getting new members. The trading is just small talk!

Feb 5, 2014
by Anonymous

I'm in. Interesting

I'm in.
Interesting evaluation, we will have to wait and see what happens on February 12th when the game goes live. At this point, I am able to tell you that close to 50K have signed on after I did (ticker that shows me exactly how many). One thing to remember, it's a GAME. Yes, I accepted the gamble with my money & YES, I purchased the top level. I have multiple members in my team & have been so far rewarded handsomely. As you say, the proof will be in the pudding & it means nothing yet, as the game is still in soft release. If you are considering the game, get in before the 12th. I am not flaunting my sign on here, so this is not a sell job. Just commenting from one breathing human to others.

Feb 19, 2014
by Anonymous

The perfect scam! They

The perfect scam! They change the rules as they go along. We were told we would be able to sell after 30 days. But after 30 days they didn't allow us to. After 38 days, they finally allowed us to sell, but the price of the share had fallen to 5c, and now on day 39, it's 3c. Our average buying price is about 29c.

Feb 20, 2014
by Anonymous

so is this a scam or what ??

so is this a scam or what ??

Feb 24, 2014
by Anonymous

it is a great way to make

it is a great way to make money. i personally have made 4000 euros from marketing. i would advise it to anyone who already has a marketing team in another company or to a newcomer either way money will be made the only difference is experience and time. i was able to move my entire branch in the first week and made money because of that.

Mar 8, 2014
by Anonymous

Wenyard gift codes available

Wenyard gift codes available for 50% discount from current price

hurry up limited stock now
contact
am92321@gmail.com
skype adnanjalani519

Mar 11, 2014
by Anonymous

Any Wenyard gift codes -

Any Wenyard gift codes - huge discounts
http://wenyard-start.com

Mar 11, 2014
by Anonymous

So far I have met many

So far I have met many people who have earned enough money with Wenyard. But most of incorporating people to the network. I do not know how much you can earn through NASGO yet.

Mar 14, 2014
by Anonymous

Here I expose some FACTS

Here I expose some FACTS about wenyard, including their domain expiration date, read here: http://www.tiagoprofits.com/wenyard

Mar 22, 2014
by Anonymous

Its no a scam, im from

Its no a scam, im from Portugal and right now its the country with more people and were all getting paied! :D People are receving there wenyard cards and getting paied with them or even cash using gift codes!

https://wenyard.com/signup/lauraolival

Mar 25, 2014
by Anonymous

am in ghana just registered

am in ghana just registered please i want to know more about WENYARD

Mar 25, 2014
by Anonymous

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