AlpCoin Review – Is This A Good Opportunity Or Big Scam?
In the last few weeks, AlpCoin has been getting a lot of attention in the network marketing circles.
With all this hype, I am sure you have seen some of your friends trying to sell AlpCoin in your social media feeds.
The first thing you need to know is that I am NOT an affiliate or distributor for AlpCoin.
I wanted to gather all the information about AlpCoin in my AlpCoin Review in order for you to make a decision about joining AlpCoin.
Is AlpCoin legit or a scam?
Will it be able to deliver on it’s promises to you?
Let me show you in my unbiased review of AlpCoin.
Read on to find out what you need to know.
What The Heck Is AlpCoin?
Today, we’re checking out a company by the name of AlpCoin. Upon visiting AlpCoin’s website for the first time, you’ll notice that there’s a staggering lack of any background information to provide a sense of what the business is all about.
I searched and searched for info on who owns AlpCoin, when it was launched, and where in the world it’s being run out of, but none of this information is present on the company’s website.
The only real background data is AlpCoin’s claim that it is, “a business group located in UAE with representation officers in various countries.”
If you move things over to the domain registration for the AlpCoin site, you’ll see that not only was the domain registered on August 30, 2016, but that the owner is listed to be Patrick Ruegsegger and the address at which this registration took place is located in Basel, Switzerland.
This seems fine and dandy on the surface, but not so much once you do a little more digging.
For one thing, the address that’s being used here actually belongs to WordWideLinks. WorldWideLinks describes itself as being, “a global working procurement and consulting company with a trading platform.”
In addition to this, I also found it interesting that the company’s site makes direction mention of AlpCoin.
Speaking of AlpCoin, it would appear that the business is really being run out of Germany. This is suggested not only by the fact that the AlpCoin website is being hosted on German servers, but also that the first and default language for the site is German as well.
As for Ruegsegger, he appears to be the CEO and admin for AlpCoin.
A marketing YouTube video titled “AlpCoin – CEO Speech December 2016” features Ruegsegger talking about the company, and in it he also reveals to be based in Dubai and having experience in finance and IT.
Ruegsegger was previously an affiliate for Dubli before launching AlpCoin, and although all of this information is incredibly pertinent to the company as a whole, there’s no reasoning as to why it isn’t made available on the AlpCoin webpage.
What Are The AlpCoin Products?
Jumping over to the product line, this is another area where AlpCoin falls flat.
Simply put, there is no product line in existence within the company.
Nothing is being sold or marketed to retail customers, and affiliates only have the affiliate membership to offer to individuals.
However, after perusing the AlpCoin website for enough time, I did come across a link titled “cashback shopping.” After clicking on the link, I was redirected to the online e-commerce storefront for Dubli — Ruegsegger’s previous MLM involvement.
There’s doesn’t appear to be any direct connection between the two companies, so I found this to be a rather odd addition to the AlpCoin site.
What About The Compensation Plan For AlpCoin?
In order to make money with AlpCoin, you must first invest your money into ABL Packages. There are a host of different packages to invest in, and choosing to spend more money on a package will allow you to qualify for commissions for a longer period.
After deciding which package you’d like to invest in, you can then earn money by recruiting other affiliates to join and do the same. Along with giving you more time to earn these commissions, the rate of them will also be increased should you choose to spend more and more money on the available packages.
And, last but not least, all ABL Packages come with points that can be exchanged for AlpCoins.
AlpCoins are a form of virtual currency that AlpCoin has created, and more expensive ABL Packages come with more points that can be converted into AlpCoins.
In other words, the more you invest, the greater potential you have to earn even more money.
What’s The Cost Of Joining AlpCoin?
When it comes to joining AlpCoin, things are a tad confusing.
What we know for sure is that affiliates are required to purchase ALP Packages if they’d like to earn any money throughout the compensation plan.
However, one of these Packages features a noticeably different name and doesn’t solely qualify affiliates to earn commissions.
My guess? This is a general fee that all affiliates are required to pay.
If that’s the case, you’ll need to pay 100 EUR when joining AlpCoin in order to get started and then buy a proper ABL Package between 25 EUR and 102,680 EUR.
So, Is There A AlpCoin Scam Going On?
Have you been hearing rumours that AlpCoin is a scam?
After reading this review, you might still be asking yourself if it is really legit.
So – what is the truth? Is there really a AlpCoin scam going on?
If I am being perfectly honest, AlpCoin isn’t entirely a scam.
However, there are some things you need to watch out for.
This is how you will be successful in online marketing. See the image below for details.
Finally, My AlpCoin Review And Conclusion!
The most important factor to keep in mind here has to do with the money that’s making its way into AlpCoin. The only identifiable stream of income is coming from affiliate investments, and with that being the case, it’s quite obvious that these are being recycled to paid for ROIs and commissions that are owed to existing members.
With this sort of activity transpiring, it means that AlpCoin is operating as a Ponzi scheme.
Along with these, paying affiliates directly to recruit other investing members creates for a chain-recruitment level as well.
As for the AlpCoins being offered, these hold no real world value considering the fact that they aren’t publicly tradable.
Similar to what’s found with any other Ponzi scheme, AlpCoins will be on death row once investment activity dries up. This will result in there not being any funds to pay affiliates for their activities, and with this cash gone, Ruegsegger will runoff with whatever he’s earned during the lifespan of the company.
As for the majority of affiliates who join, they will end up losing out.
I really hope you have gained value from my AlpCoin Review.
I wanted to make sure you had all the information you needed, because most other AlpCoin reviews are just trying to sell you something.
If you really do decide to join AlpCoin, I want you to succeed with your business. Learn how to market yourself properly!
My training can help you make money online!