EigenCoin Review – Is This A Good Opportunity Or Big Scam?
In the last few weeks, EigenCoin 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 EigenCoin in your social media feeds.
The first thing you need to know is that I am NOT an affiliate or distributor for EigenCoin.
I wanted to gather all the information about EigenCoin in my EigenCoin Review in order for you to make a decision about joining EigenCoin.
Is EigenCoin 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 EigenCoin.
Read on to find out what you need to know.
What The Heck Is EigenCoin?
On EigenCoin’s website, you won’t find any amount of background info.
Try as I did, I was unable to find any information in regards to who’s running the company, who founded it, when it first launched, or anything like that.
The domain name for EigenCoin’s website was registered on April 4 of this year (2017), but that’s honestly the only thing worth mentioning.
Even with that, it doesn’t reveal much of anything considering that the domain registration was done privately.
What Are The EigenCoin Products?
If you were hoping for a well-developed, extensive product line with EigenCoin, you better sit down.
Not a single thing is being marketed or sold to retail customers here, and this leaves affiliates with only the affiliate membership to market to those that are interested in the company.
A setup like this means you won’t find any retail sales activity with EigenCoin, and in the world of MLM, that’s never a good thing to see.
What About The Compensation Plan For EigenCoin?
As an affiliate for EigenCoin, you’ll invest money into EIGC points being offered at a rate of 70 cents up to $1.10 per one point.
These points can then be “lent” back to EigenCoin so you may then earn on the ROI that’s being advertised, and the three main investment tiers are as follows:
- Get a daily ROI + daily 0.03% bonus by investing up to $1000
- Get a daily ROI + daily 0.04% bonus by investing $1001 to $5000
- Get a daily ROI + daily 0.05% bonus by investing $5001 to $20,000
There’s no direct mention in regards to how much the daily ROI actually is, but EigenCoin does say at one point that it can get “up to 1%.”
Along with this, affiliates also earn a 100% ROI after 60 days have passed. If you want to increase the rate of this, you can do so with the following methods:
- Earn an ROI bonus of 1.1x by investing for 100 days
- Earn an ROI bonus of 1.3x by investing for 199 days
- Earn an ROI bonus of 1.5x by investing fort 299 days
To go along with all of this, affiliates can also earn referral commissions through a unilevel system that allows them to make money down to five levels of recruitment.
What’s The Cost Of Joining EigenCoin?
EigenCoin allows members to join the company for free, but with this you’re limited to earning on just the referral commissions. In order to earn these and the ROI that’s advertised, you’ll have to invest some amount of money into EIGC points.
So, Is There A EigenCoin Scam Going On?
Have you been hearing rumours that EigenCoin 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 EigenCoin scam going on?
If I am being perfectly honest, EigenCoin 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 EigenCoin Review And Conclusion!
Like a lot of other companies I’ve been reviewing lately, EigenCoin is touting its EIGC points as being the next best ICO that you’ll want to start investing in right this very second.
It might look flashy and awesome at first, but there’s really nothing of value here.
On its website, EigenCoin says:
“Our team of expert analysts will reinvest a portion of our funds into the latest and most promising ICOs, redistributing profits back to our users.
All ad revenue generated on our exchange will be redistributed back to our customers.
This number will only increase as we grow our community and traffic.”
What it forgets to mention is that EIGC points aren’t tradable on the public market and that the only money coming into the company is that of affiliate investments.
Newly invested funds are recycled and used to pay ROI liabilities to other members, and this sees EigenCoin operating as a Ponzi scheme.
Once investments stop coming in, EigenCoin is going to be in trouble.
The anonymous admin(s) will make off with most of what’s invested, but the majority of affiliates will lose out with no real way to recover their lost funds.
This is a story we’ve seen over and over again, so make sure you’re not a part of it by staying as far away as you can from EigenCoin.
I really hope you have gained value from my EigenCoin Review.
I wanted to make sure you had all the information you needed, because most other EigenCoin reviews are just trying to sell you something.
If you really do decide to join EigenCoin, I want you to succeed with your business. Learn how to market yourself properly!
My training can help you make money online!