GiraCoin Review – Is This A Good Opportunity Or Big Scam?
GiraCoin 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 GiraCoin.
I have simply gathered for you all the facts in this GiraCoin Review in order for you to make a proper decision about it.
So, is it true? Is GiraCoin a scam?
Can it really help you build an online empire?
Let’s carry on with the review.
What Is GiraCoin?
Today, the latest company that’s up for our full review goes by the name of GiraCoin. GiraCoin is one of the latest MLM opportunities to hit the scene, but unfortunately the company doesn’t get off on the best foot ever.
This is because GiraCoin’s official website doesn’t offer any background information at all about itself, meaning that information about who owns the business, who runs and manages the daily operations, and where it’s physically located in the world is all left to the imagination.
That’s never something that I like to see, and there’s no reason why any legitimate opportunity shouldn’t have this information displayed.
With this being the case, I decided to do as much research into the company as I could. As a result of this, I was able to learn that GiraCoin is owned by a company under the name of Gira Financial Group AG. This company claims to be located somewhere in Switzerland, and while they do have a company site, it’s currently nothing more than a contact form and nothing else.
As for GiraCoin itself, they domain name for their site was registered on June 5th of this year (2016), and the owner of the domain is listed to be someone by the name of Ramon Simon. Along with Simon’s name, there’s also an address provided for Hergiswil, Switzerland.
I then started to look into Ramon Simon’s name, and it appears that he is titled to be the Owner of GiraCoin. While that’s all fine and dandy, I can’t figure out for the life of me why this information isn’t present on GiraCoin’s official website. It makes no sense no matter which way I think about it, so the reasoning behind that ordeal is up in the air.
After numerous attempts to build a background history on Ramon Simon, I came up empty-handed. This is likely as a result to the language barriers between myself and Ramon’s location, but even with that being the case, it doesn’t do anything to help the overall image of GiraCoin as a whole.
What Are The Products For GiraCoin?
GiraCoin is a company that doesn’t have any sort of product line to speak of, and although that may not come as too much of a surprise to some of you based off of the company’s background info (or lack thereof), that doesn’t make it any less serious of an issue.
Although product lines are expensive and difficult to get setup, they are important for one huge reason – they allow for retail sales to take place. Retail sales are often the main source of income for a company, but when you take out a product line, you’re also taking out the chance for retail sales to take place.
With no retail sales occurring within GiraCoin, the only source of income the company is getting likely comes from the investments that their affiliates sink into the company.
I’ll talk about this more in just a second, but whenever a situation like this is taking place, we’re usually left dealing with a scheme of some sort.
What Is The Compensation Plan For GiraCoin?
GiraCoin’s compensation plan sees that affiliates for the company set out to invest so much money with the promise that they’ll be able to earn a passive ROI.
These investments are made into various packages that GiraCoin has set up, and in addition to these, affiliates can earn even more cash by recruiting more and more people to join the company’s affiliate program.
GiraCoin Ponzi Points
When affiliates for GiraCoin invest money into the company, they’re investing it into tokens that the company offers. There are 11 different packages that affiliates can invest their money into, with each one costing more and offering affiliates for tokens in return.
The tokens being offered are then converted into GiraCoins, and the value of these GiraCoins is set solely by GiraCoin itself.
Also worth noting here is the fact that affiliates for GiraCoin also have access to a 10% referral commission that’s based off of how much money their personally recruited affiliates invest into the company.
On top of the ROIs being offered, affiliates for GiraCoin can also earn through residual commissions.
These commissions are paid out to affiliates through the use of a common unilevel payment system, and GiraCoin appears to pay out to 20 levels within each unilevel team.
Level 4 affiliates earn the most with a commission of 16%, and affiliates between the levels of 11 and 20 earn a meager commission of just 1%.
What’s Does It Cost To Join GiraCoin?
When it comes to joining GiraCoin as an affiliate, the membership fee itself costs 30 EUR.
However, in order to fully participate in the compensation plan and earn the ROIs being offered, affiliates are required to purchase one of the following packages from the company –
- Starter package = 50 EUR
- Professional package = 120 EUR
- Consultant package = 550 EUR
- Expert package = 1200 EUR
- Broker package = 3000 EUR
- Manager package = 6000 EUR
- Principal package = 9000 EUR
- Executive package = 13,000 EUR
- Director package = 26,000 EUR
- President package = 33,333 EUR
- Ruler package = 111,111 EUR
With these packages, investing more and more money will result in you being able to earn more tokens that can then be turned into GiraCoins.
Is GiraCoin A Scam?
Have you heard from a friend that GiraCoin is a scam?
Based on this review, it might be hard to tell.
What exactly is the truth about GiraCoin – is it a scam or legit?
Good news – GiraCoin 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.
GiraCoin Review Conclusion
So, at the end of the day, what kind of opportunity are we looking at with GiraCoin?
According to the company’s official website, “You’ve probably heard of Bitcoin. So far, its enormous rise in value has been unique. But, without the necessary computer acumen, it wasn’t possible to get in at the start. That’s where Giracoin comes in. It provides partners with its own whollyowned mining platform.”
GiraCoin operates off of the idea that they’re helping people mine bitcoin in order to get them to join, but in reality, the company is doing nothing but letting people invest enormous amounts of cash into GiraCoins. These GiraCoins are simple Ponzi points that hold no real value outside of the GiraCoin system itself, so people who get involved are essentially throwing their money into a form of cryptocurrency that doesn’t have any sort of real-world value at all.
Plus, when you factor in the aspect that GiraCoin is using newly invested funds to pay off existing affiliates, it becomes clear that the company is operating as nothing more than a Ponzi scheme.
As with all other Ponzi schemes, thigs won’t end well for GiraCoin. Once recruitment and investment levels slow to a crawl, the company will be unable to pay off ROIs that they owe to their members.
This will result in the majority of people losing out on their money, and it won’t end well for anyone but the company’s admin(s).
I sure hope that you have found my GiraCoin review helpful for you.
Some other reviews have been pretty scant on details, and I wanted my GiraCoin review to have all the information for you.
If you decide to carry forward with GiraCoin, make sure you make the most out of it and learn how to market yourself online.
Click to get my free training that shows you how.