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Monir And Moyn Islam: The Young Entrepreneurs Redefined Life Challenges

Nigeria Student Forum / General Discussion / Monir And Moyn Islam: The Young Entrepreneurs Redefined Life Challenges

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Sani Ibrahim
Abubakar Tafawa Balewa,University
Agricultural economics and extension
100Level, Nigeria.
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No money. Struggling career. Betrayal. False story.
Harassment. Life is full of tough challenges—many of them
unexpected—and many of them can even be difficult to
overcome. The young entrepreneurs, Monir Islam and Moyn
Islam from a humble working-class community in the UK, have
tackled some of these lives’ most difficult circumstances.
Early on, Monir and Moyn—like any other commoner—did the
odd jobs, lived the hard life to later build a career in the
network marketing industry. Life isn’t always perfect, but, for
the youngsters, entrepreneurship was everything that they
needed. It simply made sense because as networkers, there’s
always an opportunity to meet different people, build a
network and work for something they’re passionate about in
their career. However, with the steady rise of cryptocurrency
around 2015, Monir and Moyn, just like everyone else at that
time, got introduced to this new investment opportunity
through some friends.
The two brothers who worked their fingers to the bone,
climbed every step of hurdles to make a decent living,
invested their hard-earned money and ended up losing
everything. All it took was one scam, one truth, one biased
news article, and OneCoin—the infamous cryptocurrency firm.
In 2016, almost two million people from across the world were
involved with OneCoin, which was poised as the next biggest
digital currency phenomenon after Bitcoin. A company with
such unmeasurable credibility, including audit documents on
cryptocurrency, the mining firm, banking with big banks, and
OneCoin Mastercard, events at ‘The Economists Fourth EU
Summit’ in the presence of world leaders’ and whatnot. Their
vision was to become better than Bitcoin—ideally to bank the
unbanked. Trusting that they could be part of a revolutionary
movement in the FinTech industry, Monir and Moyn made
their meagre investment.
Later they introduced two other people from their close circle.
Then those two introduced five more people who also wanted
to invest in OneCoin. These five individuals were very
successful with years of experience in investing in multiple
businesses. Monir and Moyn didn’t want them to invest based
on the information they had at that point.
For the five people to make an informed decision about the
investment, they wanted to meet the company’s founders.
This meeting was set up during an event at Budapest, where
top leaders worldwide came together. It was a chance for the
brothers as well to meet the heads. After a private meeting
with the founders, those five people believed in the company’s
vision and decided to proceed with their investment. They
were pivotal in bringing about 700 people in the team.
Things were perfectly calm, just as before the storm, one
would say.
In less than a year after investing in OneCoin, the young
brothers saw a red flag, when the company decided to go for
Initial Public Offering (IPO) instead of the coins which were
initially promised to millions. Some serious questions were
raised, but nobody from the company provided an answer.
Monir and Moyn were left with two choices—to stay silent or
voice out to at least stop one more person from being
scammed—they pursued the latter simply because it was the
right thing to do.
They say, money directly attributes to the power that one can
own. And it’s right as to what happened to the brothers then.
In 2017, Monir and Moyn made a public statement through a
Facebook video about their experience with OneCoin and
exiting the company. But in less than two hours after the video
went online, they received threats from very powerful people
who claimed to be working for the company, demanding to
take down the video. They did so and continued to remain
silent, fearing the worst for their families.
What ensued next dragged the brothers to the lowest points in
their life; when an individual from one big media agency in the
UK wrote a biased and misinformed news story about their
exit from the infamous company.
“Flashy Islam brothers Moyn and Monir heavily promoted get-
rich-quick scheme OneCoin – now they’ve abandoned it,” said
one news article.
“Watch out: OneCoin promoters Moyn and Monir Islam are
promoting a new get-rich-scheme,” said another news article.
One of the media outlets even used clickbait titles with words
like “Islam Brothers,” “Frauds” linked to one of the biggest
scams in history. Moyn and Monir became a victim of
prejudice that connoted phobia associated with their names.
The news incorrectly portrayed them as co-conspirators and
even co-founders of OneCoin while they were just like any
other investors who got scammed.
A dodgy scheme, which then believed to be the real deal,
preyed on innocent investors. Moyn and Monir were merely
used as bait and sacrificed when the time came. As a
consequence, they endured much hatred, even harassment
from people who misunderstood them as perpetrators of the
scam. These are people who never knew Monir and Moyn but
continued to recirculate those news articles up until today.
The news article claimed they abandoned 26,000 people. This
number was exaggerated owing to lack of knowledge on how
the multilevel marketing (MLM) structure works.
To give it a brief understanding, every MLM model comes with
a unique Compensation plan structure which can be complex.
We’ve got an upline and a downline. A downline refers to the
network members, aka distributors who have joined the
organization after your enrollment. An upline refers to the
person who recruited you into the MLM company alongside
people in the same line in the levels above you.
In the case of Monir and Moyn, they recruited only two people,
who then recruited five and that later multiplied into a team of
700 people. What the media depicted with the number of
26,000 people was the spillover from the overall upline and
downline structure. When the brothers decided to exit the
company, they rightly so informed their team about what was
going on. Yet some of them still continued to promote the
brand, stayed in the company.
The question remains, how come Monir and Moyn, just two
individuals with only a downline of 700 people were singled
out in receiving all kinds of hatred? How come the people
from Europe and the UK who are heavy promoters of OneCoin,
who had teams of tens of thousands, even hundreds of
thousands of people in their downline, yet nobody talks about
them? How come over 3 million people joined the company
after Moyn and Monir exited, and continues to carry on today?
While these questions remain unanswered, it’s incredible to
see how these two hard-working brothers came through so
many obstacles.
Sometimes giving up is the easiest thing to do. But Monir and
Moyn transformed their bad experiences into good lessons for
the greater good of the future. They slowly but steadily got
back on their feet with the right choice of investments in
multiple business ventures. Being entrepreneurs is what they
do best.
Entrepreneurs hold power to change the world for better, on
top of it, they continue their journey in network marketing for
the love of it.
With the digital transformations overtaking the world, Monir
Islam and Moyn Islam have built multiple online platforms to
empower people from all walks of life. It’s interesting to see
that they’ve expanded their innovations across various
industries.
Here are some of the businesses they have founded and
running successfully:
A travel platform which goes beyond just booking a
holiday. It allows people to experience the world with up to
70% discount compared to any public aggregator. The
platform holds 1.2 million hotels and partnered with some
of the biggest brands in flights, cruises and VIP airport
lounges as well as with over 50,000+ car rental locations
from around the world. Some of the competitors of their
travel platform are Booking.com and Expedia.
An e-learning platform which brings a world of learning
resources and instructions for people to upgrade their
skills as well as lives in meaningful ways. The platform is
a new-age catalyst that suits not just working professionals
but also for students in schools and universities.
A live streaming platform that can facilitate up to 1 million
users concurrently. It offers various content available in
multiple languages as well as geolocated to its user’s
region or country. This platform is created with a vision to
educate and empower people from falling prey to scams
and empower them with the right information.
These young entrepreneurs have come a long way. The journey
through various network marketing companies made them
realize that there are loopholes in the industry which need
fixing. So, they’ve created a whole new digital ecosystem by
applying the right network marketing models that enable
hundreds and thousands of independent business owners to
achieve success from a smartphone. The knowledge they
obtained through hardship is now translated into simple digital
tools so others can have it easy. Today, their work of passion
has led to creating a network marketing company—a home for
not just themselves but thousands of people around the world
When asked about what’s the only thing they have to say
about their past, “We were victims like so many other people.
But we acknowledge our mistake. We learned a huge lesson
for which we paid a huge price. But we will continue to move
forward with a goal to help prevent others from making the
same mistakes we did,” said Monir and Moyn.
The mistakes, struggles and regrets from the past shouldn’t
define the power we hold to shape the present and future.
Even good people make bad choices. It doesn’t mean they are
bad; it only means they are human. There will always be
people who will make it their mission to bring others down. As
they say, haters will forever hate. They will continue to spread
the wrong story to stop the ones who set out to do something
significant in life. Sadly, receiving negativity is part of being
successful. Monir and Moyn are grown to be ‘okay’ with it, as
they focus on positivity.
After overcoming a great deal of barriers, Monir and Moyn’s
past stands as a testimonial for people who pursue
entrepreneurship to believe in themselves, stay true to their
intentions, be okay with negativity and seek success
relentlessly. Today, they are set out to make a difference in
this world by remaining focused on the people and things that
matter for the greater good.

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