BeFargo Review – Is This A Good Opportunity Or Big Scam?
You may have noticed that BeFargo is getting a lot of hype and attention these days.
You might have had some friends in Network Marketing approach you about BeFargo, or you may have seen it on social media.
I want to let you know, first of all, that I am NOT promoting BeFargo as my own business opportunity. I am not an affiliate or distributor.
I have gathered here all the facts about BeFargo in my BeFargo Review – now you can learn all you need to know about it.
Is BeFargo really a legit business?
Is BeFargo a safe business to join?
Let me show you in my review of BeFargo.
Exactly What Is BeFargo?
Overall, the BeFargo website leaves a whole lot to the imagination. There isn’t any drop of background info to be found, meaning that it isn’t clear who the owner of the business is, who founded it, where in the world it’s being run out of, etc.
Along with this, the private nature of the domain name registration doesn’t help out at all.
While it is clear that the registration occurred on September 4 of last year (2016), there’s simply no way of knowing who the owner of the domain is or where they were located when the registration took place.
Throughout the entire BeFargo website, I noticed that many portions of it make claims of being centered/based out of the United States.
This is fine on its own, but it directly contradicts with a couple main points that I’d like to talk about now.
First off, here’s some text that can be found in the Terms and Conditions section of the BeFargo website —
That right there suggests that BeFargo is actually located in the United Kingdom, but then this doesn’t line up with the fact that a load of the company’s marketing material is written in Russian.
On top of this, it’s also worth noting that BeFargo hosted an event in California that was hosted by Koryaka Eli and had a guest speaker with the name of Robert Steenburgh.
I tried to get more info on these two men, but I wasn’t able to find any mention of them outside of this California-based event.
What Is The BeFargo Product Line?
Jumping over to the product line that BeFargo is bringing to the table, this is another area where the company falters quite a bit.
There’s not a thing being sold or marketed to retail customers, and this results in there being a completely lack of any retail sales activity.
No retail sales simply doesn’t work with MLM, and it’s a pretty major red flag when looking at BeFargo.
Even with all of this said, it’s still worth mentioning that affiliate for BeFargo are given the opportunity to purchase various membership packages once they sign up for the income opportunity.
There are seven total packages for purchase, and they all come with a host of tokens that can then be redeemed for FargoCoin (the type of virtual cryptocurrency that BeFargo has created).
Currently, FargoCoin has a value set at $6.53 per one coin, and a fee between 0.2% and 1% is enacted for every transaction that is conducted within the FargoBase internal exchange system.
What Can You Tell Me About The Compensation Plan For BeFargo?
In order to make money with BeFargo, affiliates must purchase membership packages and then recruit other people to do the same thing.
The seven plans available to members can only be purchased with FargoCoin, so affiliates first need to exchange real money in order to actually buy them.
With that said, the available plans are as follows —
- Silver plan — Affiliates invest 10 FargoCoins and then earn 100 tokens
- Gold plan — Affiliates invest 40 FargoCoins and then earn 400 tokens
- Diamond plan — Affiliates invest 100 FargoCoins and then earn 1000 tokens
- Platinum plan — Affiliates invest 200 FargoCoins and then earn 2000 tokens
- Titanium plan — Affiliates invest 400 FargoCoins and then earn 4000 tokens
- VIP plan — Affiliates invest 1000 FargoCoins and then earn 10,000 tokens
- Trader plan — Affiliates invest 3000 FargoCoins and then earn 30,000 tokens
On the recruitment side of things, the commissions here are paid out as a percentage of money that’s invested by the members you recruit into the company.
The value of this percentage is determined by which package you invest in, and those rates include —
- 10% for Silver through Titanium affiliates
- 12% for VIP affiliates
- 15% for Trader affiliates
What Will It Cost To Join BeFargo?
Upon deciding to join BeFargo, you’ll first need to pay a membership fee of 5 FargoCoin.
After that, you’ll then need to choose one of the seven plans that I mentioned above — meaning that you’ll be looking at another fee between 10 and 3000 FargoCoins.
Is BeFargo A Scam?
If you have heard that BeFargo is a scam, then you’ve come to the right place to find out the truth.
What’s the truth – is BeFargo a scam?
I would say not exactly. However, there are some things to be aware of before joining, which I have detailed in the conclusion.
You will only be successful by recognizing the weaknesses and finding a way to move past them.
Conclusion For My BeFargo Review
The biggest thing to keep in mind with BeFargo is the lack of retail sales activity.
An opportunity to invest a new form of cryptocurrency can certainly sound exciting, but FargoCoin are only offered to people that are affiliates for the company.
The absence of retail sales means that the only identifiable source of income making its way into BeFargo is that of affiliate investments. With this money be used to pay off the ROIs and commissions that members for the company are receiving, BeFargo turns into a Ponzi scheme.
As all other Ponzi schemes go, BeFargo will collapse once investment activity finally dies down. The admins for the company will snatch up the majority of the money that’s dumped into BeFargo and pretty much all other affiliate will lose out.
It’s unfortunate for sure, but it’s the fact of the matter here.
I definitely hope you have found value in my Review of BeFargo.
I went into a lot of detail so that you can make a proper decision about whether you want to join or not.
If you do decide to proceed with BeFargo, make sure you take the time to learn how to market yourself!
My training below can help you with that.