FineCoin Review – Is This A Good Opportunity Or Big Scam?
You may have noticed that FineCoin is getting a lot of hype and attention these days.
You might have had some friends in Network Marketing approach you about FineCoin, or you may have seen it on social media.
I want to let you know, first of all, that I am NOT promoting FineCoin as my own business opportunity. I am not an affiliate or distributor.
I have gathered here all the facts about FineCoin in my FineCoin Review – now you can learn all you need to know about it.
Is FineCoin really a legit business?
Is FineCoin a safe business to join?
Let me show you in my review of FineCoin.
Get started by reading my review below.
Exactly What Is FineCoin?
On the official website for FineCoin, there’s not much of anything to see. There isn’t any indication of who owns the company, when it was founded, or where in the world it’s based out of.
Having an ample amount of background information is key in the MLM world, but in the case of FineCoin, there isn’t any to speak of.
The domain name for FineCoin’s website (finecoin.io) was first registered on December 9, 2017. Unfortunately, since the registration details are kept private, there’s no way to tell where this took place or who owns the domain.
What Is The FineCoin Product Line?
Moving along to the product line, this is another area where FineCoin disappoints. There aren’t any goods or services being offered to retail customers, and as such, there’s no chance for retail sales activity to take place.
The one and only thing that affiliates have to offer is the affiliate membership, and the main attraction to this is the attached income opportunity.
Income opportunities are perfectly fine to have in an MLM setup, but they cannot exist in a legitimate manner without a retail plan.
What Can You Tell Me About The Compensation Plan For FineCoin?
If you choose to join FineCoin, you’ll be asked to purchase FINE points for real money. FINE points range in price from 45 cents up to $1.20 per point, and after you get your hands on these, you’ll then need to “lend” them back to FineCoin.
Lending FINE points back is what you’ll need to do in order to get your hands on the ROI that’s being offered, and the available ROI tiers are as follows:
- Get a daily ROI for 240 days after investing $100 to $1000
- Get a daily ROI and 0.1% bonus for 180 days after investing $1001 to $10,000
- Get a daily ROI and 0.25% bonus for 120 days after investing $10,001 to $25,000
- Get a daily ROI and 0.35% bonus for 99 days after investing $25,001 to $50,000
In addition to this, affiliates can also earn referral commissions.
Referral commissions are paid using a unilevel system, and with this, members can earn the following rates:
- Affiliates get a 5% commission for Level 1 recruits
- Affiliates get a 3% commission for Level 2 recruits
- Affiliates get a 2% commission for Level 3 recruits
What Will It Cost To Join FineCoin?
In order to join FineCoin, you’ll need to purchase at least $100 worth of FINE points.
Is FineCoin A Scam?
If you have heard that FineCoin is a scam, then you’ve come to the right place to find out the truth.
What’s the truth – is FineCoin 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 FineCoin Review
On the FineCoin website, the company describes itself as follows:
“FineCoin gives you the ability to store, lend and transfer all your money with close to no fees.”
FineCoin also promotes that it uses a “trading bot” to generate funds for the ROI:
“Our developers have built a trading bot that diversifies and makes profits continuously and on a daily basis, allowing you to make profit by daily payouts and a large return on your investment.”
These claims can be made day in and day out, but the reality of the situation is that this trading bot doesn’t actually exist.
The only money that’s definitely coming into FineCoin is that of affiliate investments, and with this, newly invested funds are used to pay ROI liabilities owed to existing members.
A setup like this will see FineCoin collapsing once investments stop coming in, and when this happens, that’ll be the end of it.
Most affiliates will lose out, recovering lost funds will be next to impossible, and only the anonymous admin(s) will earn anything of serious value.
Unless that sounds like fun to you, I strongly recommend taking your time and money elsewhere.
I definitely hope you have found value in my Review of FineCoin.
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 FineCoin, make sure you take the time to learn how to market yourself!
My training below can help you with that.