Excallit Review – Is This A Good Opportunity Or Big Scam?
You may have noticed that Excallit is getting a lot of hype and attention these days.
You might have had some friends in Network Marketing approach you about Excallit, or you may have seen it on social media.
I want to let you know, first of all, that I am NOT promoting Excallit as my own business opportunity. I am not an affiliate or distributor.
I have gathered here all the facts about Excallit in my Excallit Review – now you can learn all you need to know about it.
Is Excallit really a legit business?
Is Excallit a safe business to join?
Let me show you in my review of Excallit.
Exactly What Is Excallit?
Excallit is the latest MLM opportunity that’s up for my full review, and right off the bat the company’s official website showcase that it’s based out of Delaware and was first founded on July, 2012.
In a bubble, this information is perfectly fine, but this isn’t the case.
It doesn’t take long at all to see that the domain name registration for the Excallit website took place on May, 2014, meaning that these two timelines don’t line up at all.
If the Excallit domain didn’t get registered until 2014, then why does the website indicate that they company has been in business since 2012?
Unfortunately, there’s no reason given for this confusion.
The domain registration also shows an address that’s located in Delaware, but after looking into said address, I was able to learn that this belongs to a company that provides incorporation services in the state of Delaware – Delaware Registry LTD.
With this being as it is, I think it’s safe to say that Excallit doesn’t actually exist in Delaware or anywhere in the United States for that matter.
Excallit’s website claims that a Mr. Michael Juul is the CEO for the company, and prior to his time here, Juul was serving as the co-founder for the pyramid scheme GII Corp. GII Corp eventually morphed into a gaming platform by the name of T6 Poker, but there’s no indication as to whether or not Juul ever got involved with that side of things.
I was able to track down Juul’s personal Facebook page, and this indicates that the man is from Denmark but currently lives in Singapore – likely where Excallit is currently being run out of.
All of the advertising and marketing materials that I was able to track down for Excallit reveal that the Chinese market is currently the number one priority for the company, with another focus looking to slowly start in Romania.
What Is The Excallit Product Line?
Moving right along to the product line that Excallit has to offer, there’s really not too much to mention here at all.
Excallit doesn’t have any goods or services that are being marketed or sold to retail customers, with affiliates having nothing more than the affiliate membership itself to market to buyers that might be interested.
If and when someone does decide that they would like to join the Excallit opportunity, they will then need to choose to invest in a package that comes with tokens that can then be redeemed for the Veros cryptocurrency.
Veros currently goes at a value of 3.8 cents USD for one coin, and while it is publicly traded, it doesn’t look to be used anywhere else outside of the Excallit system.
What Can You Tell Me About The Compensation Plan For Excallit?
As for the details of those investment packages, you have quite a lot to choose from.
Each package comes with tokens that are then later redeemed for Veros coins, and they all work out in the following manner –
- Intro package – pay 100 EUR for 40 EUR worth of tokens
- Starter package – pay 250 EUR for 100 EUR worth of tokens
- Elementary package – pay 850 EUR for 300 EUR worth of tokens
- Apprentice package – pay 1350 EUR for 500 EUR worth of tokens
- Business package – pay 2600 EUR for 1500 EUR worth of tokens
- Professional package – pay 5600 EUR for 4500 EUR worth of tokens
- Premium package – pay 16,800 EUR for 5000 EUR worth of tokens
- Elite package – pay 39,200 EUR for 5000 EUR worth of tokens
The tokens that you earn from these packages are then able to be redeemed for Veros coins, but the Excallit website currently doesn’t offer any information in regards to how many tokens need to be redeemed for a Verso coin.
Something else that’s worth mentioning is the fact that all affiliates for Excallit are subject to a reinvestment rule.
A port of the money that you earn within the opportunity needs to be reinvested into more tokens, with Intro, Starter, and Elementary packages requiring a 40 EUR, 100 EUR, and 300 EUR reinvestment respectively.
If you choose to invest in the Apprentice package or anything higher than that, you’ll need to reinvest a whopping 500 EUR back into Excallit.
You can also earn money by recruiting more and more people to join the opportunity and invest their own money as well, and getting your recruits to invest more cash will allow you to earn more through the binary system and residual commissions that are paid out as well.
What Will It Cost To Join Excallit?
If you’re interested in joining Excallit, you’ll need to invest your money in one of the investment packages that I already talked about.
Choosing to invest more and more money will allow you to potentially earn more through the compensation plan, but the more expensive plans get very pricey very quickly.
Is Excallit A Scam?
If you have heard that Excallit is a scam, then you’ve come to the right place to find out the truth.
What’s the truth – is Excallit 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 Excallit Review
At the end of the day, Excallit is really nothing more than yet another pump and dump scheme in the world of the MLM underbelly.
The Veros cryptocurrency doesn’t appear to have much value outside of the Excallit system, making it pretty worthless in the real world.
Along with this, paying affiliates to recruit other individuals to invest their own cash results in the company operating as a pyramid scheme.
There’s nothing legitimate or honest to be seen with Excallit, and just like all other schemes of its nature, it’ll likely fail and collapse once recruitment and investment activity eventually die down.
Once the company inevitably fails, Juul will make off with the majority of the invested cash and leave most all other affiliates to lose out.
In other words, you’ll likely want to avoid this one.
I definitely hope you have found value in my Review of Excallit.
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 Excallit, make sure you take the time to learn how to market yourself!
My training below can help you with that.