Fission Coin Review – Is This A Good Opportunity Or Big Scam?
Fission Coin has been getting a lot of attention on the web lately.
Because there is so much hype, a lot of network marketers are trying to sell this opportunity all over the place, including all over social media.
I want to let you all know that I am NOT in any way promoting or selling Fission Coin.
I have simply gathered for you all the facts in this Fission Coin Review in order for you to make a proper decision about it.
So, is it true? Is Fission Coin a scam?
Can it really help you build an online empire?
Let’s carry on with the review.
What Is Fission Coin?
To get things rolling, Fission Coin starts off on a less than encouraging note. The company’s website doesn’t list any information in regards to who owns or runs the business, and this is something that always raises red flags whenever we’re looking into a new multi-level marketing opportunity.
And it’s something I’ve seen from lots of companies recently such as THW Global which I have been looking at this week.
Why is this such a big issue though? Any reputable company that has ever existed has made it clear who’s running everything behind the scenes. It’s one of the most common practices in the business world, and it just makes sense.
So, when we see a company that doesn’t make this information publicly available, it always creates for a rather big feeling of hesitation. Especially if you’re going to be giving money to a company, you have the right to know exactly who’s getting those funds.
As for the website itself, the domain name was registered on June 10th of this year, 2016. However, the state of this domain is set to private. Because of this, we have no way of knowing who registered the domain name, or where in the world the registration took place.
However, Alexa rankings show that 35.4% of all Fission Coin’s site traffic comes directly out of Russia – with Ukraine coming in at 2nd place with 9.4% of the site’s traffic. With these numbers in mind, we can make a pretty safe bet that Russia is where Fission Coin is owned and operated out of.
So, with this background information laid out there, let’s take a look to see just what Fission Coin has to offer.
What Are The Products For Fission Coin?
Another area that causes for great concern is Fission Coin’s lack of any true product line. With no product line to speak of, there’s no way for outside, retail money to come into the company.
As a result, any and all funds being invested are coming directly through affiliates. This may not sound like a huge deal on the surface, but it’s a common theme that is generally associated with Ponzi schemes.
Fission Coin does allow their affiliates to invest into virtual points the company has set up, and these points are representative of a three-tier cryptocurrency system that Fission Coin has set in place.
What Is The Compensation Plan For Fission Coin?
When taking a look at the compensation plan that Fission Coin has constructed, we can see that the three-tiered cryptocurrency is directly related to an affiliate’s level within the company. These 3 tiers are broken down as follows –
- Fission Coin Bronze (FCB) requires that affiliates invest a minimum of 100 FCBs.
- Fission Coin Silver (FCS) requires that affiliates invest a minimum of 500 FCSs.
- Fission Coin Gold (FCG) requires that affiliates invest a minimum of 1000 FCGs.
Here’s where things get pretty interesting. According to Fission Coin, the value of these coins are on a constant rise and never decline in value. The bronze, silver, and gold coins each increase on a monthly basis by 3, 4, and 5% respectively.
So, when we look at the current month of August for 2016, here’s what the value of Fission Coins looks like –
- Fission Coin Bronze is currently trading at $1.09, but will bump up to $1.13 in September.
- Fission Coin Silver is currently trading at $5.62, but will bump up to $5.85 in September.
- Fission Coin Gold is currently trading at $11.58, but will bump up to $12.16 in September.
By investing in these various levels of Fission Coins, the company is claiming that affiliates stand to earn up to a 3% return on investment each single day, over the course of 120 days. As a result, affiliates have the potential to earn an ROI of 360% after just 4 months.
This is a multi-level marketing business after all, so of course there’s going to be a referral commission system in place. Fission Coin handles this through a unilevel system that we’ve seen time and time again.
The system starts out by creating a team. That team originates by having one single affiliate placed at the very tip top of it. When this affiliate enlists new people to join Fission Coin, they are then placed at the level 1 spot.
When a level 1 affiliate recruits new individuals to join, those newest members are the placed at level 2. Their recruits are placed at level 3, and this can go on for a virtually endless number of times. However, Fission Coin does cap out the payments for the first 7 levels in these teams.
As for the actual money that’s involved, these referral commissions are paid out as percentage of all funds that are invested throughout that team. A 10% commission is earned when you enlist someone new to join the company, and an additional 2% can be made whenever “transactions” are performed through Fission Coin.
The company isn’t entirely clear as to what these transactions consists of, but that seems to be neither here nor there.
To cap things off, Fission Coin also offers a daily return on investment for the first three levels of a team. Level 1 affiliates will earn 3%, level 2 2%, and level 3 1% on the daily.
What’s Does It Cost To Join Fission Coin?
Actually joining Fission Coin is free, but you’ll be required to invest some of your own money if you actually want to get in on the money-making possibilities.
Unfortunately, that investment does not come cheap at all. Currently getting involved with the MLM side of things with Fission Coin requires the following amounts –
- Joining at the Bronze level, which requires an investment of at least 100 FCB, will cost you $109.
- Joining at the Silver level, which requires an investment of at least 500 FCS, will cost you $2810.
- Joining at the Gold level, which requires an investment of at least 1000 FCG, will cost you $11,580.
However, since the value of Fission Coins is increasing every single month, so are the real dollar amounts that you will have to pay to get involved.
Is Fission Coin A Scam?
Have you heard from a friend that Fission Coin is a scam?
Based on this review, it might be hard to tell.
What exactly is the truth about Fission Coin – is it a scam or legit?
Good news – Fission Coin is not really a scam.
But, be sure to take a look at the conclusion, because there are some things you should be aware of.
This is how you will build a successful in your business.
Let me help you make more money.
Fission Coin Review Conclusion
You know how we mentioned the big problem with Fission Coin not having a product line? That is directly connected with the overall issue that’s facing the company.
The way things run right now, affiliates invest x amount of dollars, they sit around and want for 4 months, and after that time they go to withdraw more money than they initially invested. Unfortunately for Fission Coin, any funds that affiliates put in a withdrawal request for are coming directly from money that other affiliates have invested.
As a result, Fission Coin turns into a common Ponzi scheme.
Another area that should raise alarm bells for people is the idea of a return on investment that is constantly going up. That may sound wonderful and amazing at first, but from a business perspective, it makes no actual sense. Since it’s always on the move no matter what, the value of these coins are quite obviously detached from the rate at which investments are coming into the company.
Fission Coin is raising the value of their cryptocurrency every single month, with no regards to the amount of new affiliates that are actually investing money into the company. So, even if they don’t have the necessary funds to pay off their existing affiliates, they’re still going to raise the value of their coins.
When this value is raised, the ROIs are increased, the Fission Coin will be even more unable to pay off their affiliates.
An ever increasing return on investment can definitely sound enticing, but the whole idea of that breaks down rather quickly in this and most all other scenarios.
Unfortunately, most people won’t look at things that way. They’ll see that Fission Coin’s ROIs are always on the move, and this will more than likely encourage them to invest more and more money into the virtually worthless currency.
Four months will pass, folks will expect to get paid an incredible sum of cash, and then their withdrawal request will be denied.
Fission Coin is setting themselves up for disaster, and the second that new affiliates stop signing up for the program, a complete and total collapse will take place almost instantly.
I sure hope that you have found my Fission Coin review helpful for you.
Some other reviews have been pretty scant on details, and I wanted my Fission Coin review to have all the information for you.
If you decide to carry forward with Fission Coin, make sure you make the most out of it and learn how to market yourself online.
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