EtherLend Review – Is This A Good Opportunity Or Big Scam?
In the last few weeks, EtherLend 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 EtherLend in your social media feeds.
The first thing you need to know is that I am NOT an affiliate or distributor for EtherLend.
I wanted to gather all the information about EtherLend in my EtherLend Review in order for you to make a decision about joining EtherLend.
Is EtherLend 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 EtherLend.
Read on to find out what you need to know.
What The Heck Is EtherLend?
On EtherLend’s official website, you won’t find a single trace of background information.
Despite looking around as much as possible, I was unable to find any mention of who owns the company, where it’s based out of, when it was initially launched, or anything of the sort.
The domain name for the company was registered on November 25, 2017, but because the registration was done privately, there’s no way to see where this took place or who owns the domain.
Aside from that, there really isn’t anything else to see. This is about as faceless an MLM opportunities come, and in my experience, that’s not a good thing.
What Are The EtherLend Products?
Moving over to EtherLend’s product line, we’re dealing with more bad.
There’s not a single good or service being sold to retail customers, and as a result of this, it’s impossible for there to be any retail sales activity.
This means that affiliates have just the affiliate membership to offer to individuals, and the main attraction to this is the bundled income opportunity.
Income opportunities are natural parts of MLM setups, but they cannot exist in a legitimate fashion without the use of a product line. The fact that EtherLend is doing just this suggest that nasty things are going on behind the scenes.
What About The Compensation Plan For EtherLend?
Taking a look at EtherLend’s compensation plan, affiliates are asked to get their hands on ELEND points that EtherLend’s owners offer.
ELEND points are offered to affiliates for the cost of 10 to 30 cents per point, and there’s a minimum of $100 that needs to be spent on these points if you’d like to acquire them. Along with this, affiliates can spend up to $100,000 on ELEND points.
After affiliates buy these, they must then lend them back to EtherLend so they can earn an advertised ROI.
The ROI is paid as a daily one for 30 days, and the rate of 2 to 7%.
Along with this, affiliates also have the opportunity to earn on referral commissions.
EtherLend uses a unilevel system to handle referral commissions, and this allows members to earn down to five levels of recruitment.
As for the rates that are offered, they work out as follows:
- Level 1 recruits pay 8%
- Level 2 recruits pay 3%
- Level 3 recruits pay 1%
- Level 4 recruits pay 1%
- Level 5 recruits pay 0.5%
What’s The Cost Of Joining EtherLend?
If you’d like to join EtherLend, you’ll need to make an investment of at least $100 to purchase ELEND points. However, affiliates can choose to invest up to $100,000 if they really want to maximize their earning potential.
So, Is There A EtherLend Scam Going On?
Have you been hearing rumours that EtherLend 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 EtherLend scam going on?
If I am being perfectly honest, EtherLend 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 EtherLend Review And Conclusion!
EtherLend claims that it can generate funds for its ROI thanks to high-frequency trading and the arbitrage of cryptocurrency, but in reality, there’s no proof that any of this is taking place.
The fact of the matter is that EtherLend’s only source of income is that of affiliate investments.
As new money is invested into ELEND points, EtherLend uses these funds to pay off ROI liabilities that it owes to other members. This results in the company being a Ponzi scheme, and this means most everyone involved with end up losing out.
Ponzi schemes are never good news, and like every other one that’s come and gone before it, EtherLend won’t be any different. People will invest with the hope of making big bucks, but once all is said and done, they’ll be left with their wallets hurting.
If you want to avoid the lost funds and constant headaches, I’d advise looking elsewhere for your next opportunity.
I really hope you have gained value from my EtherLend Review.
I wanted to make sure you had all the information you needed, because most other EtherLend reviews are just trying to sell you something.
If you really do decide to join EtherLend, I want you to succeed with your business. Learn how to market yourself properly!
My training can help you make money online!