Hab Coin Review – Is This A Good Opportunity Or Big Scam?
Hab 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 Hab Coin.
I have simply gathered for you all the facts in this Hab Coin Review in order for you to make a proper decision about it.
So, is it true? Is Hab Coin a scam?
Can it really help you build an online empire?
Let’s carry on with the review.
What Is Hab Coin?
In regards to Hab Coin, the company’s official website offers no clear information in regards to who owns or runs the company as a whole. This is a theme we see pop up with new MLM opportunities all too often, and it’s a trend that we would like to see stopped sooner rather than later.
With companies in the world of MLM, you more than likely need to hand over some amount of cash in order to become an affiliate for the company in question. Whenever you’re handing over money of your own, you deserve to know exactly who and where it is going to. So, whenever a company decides to withhold this info, we are met with feelings of hesitation and caution.
When looking more closely at the Hab Coin website, we can see that on the section titled “partners”, Hab & JPR Privee Group of Companies is listed as a partner for Hab Coin.
When looking more closely at HAB & JPR Privee Group, we are able to see that the company appears to operate in a multitude of different countries. In fact, we were able to find address for the corporation in Hong Kong, the Cayman Islands, Israel, and even England.
However, according to a report that was conducted by a media outlet in South Africa, HAB & JPR were reported to be that of a “Swiss company.”
That’s a pretty wide berth of different countries that could possibly be involved with HAB & JPR Privee Group, and whether or not the firm operates in all of the countries listed is currently unknown.
The domain name for Hab Coin’s website was registered back on February 17th of 2016, and the owner is currently listed as “Naiadi Snc Societa/Ditta Naiadi Snc Societa/Ditta.”
And, to make matters even more confusing, the registration shows that it took place somewhere in Italy.
Without any further ado, here’s exactly what Hab Coin has to offer to you.
What Are The Products For Hab Coin?
As for the product line that Hab Coin has, there really isn’t much to talk about. You see, Hab Coin is one of the many MLM companies as of late that is operating without any sort of product line in place.
When an affiliate does sign up for the affiliate program that Hab Coin has set in place, they’re given the opportunity to invest in what the company is calling “Habcoins.” These Habcoins are a form of cryptocurrency that is owned exclusively by Hab Coin, and at the time of this writing, Habcoins are currently not tradeable on any public market out there.
So, in regards to the product line, we’re look at a form of cryptocurrency that’s only offered to affiliates and cannot be traded anywhere outside of the Hab Coin system.
What Is The Compensation Plan For Hab Coin?
In regards to the compensation plan that Hab Coin has set in place, affiliates for the company set out to invest in Habcoins that the company offers. Affiliates are then paid when they are able to enlist other individuals to do the same exact thing.
Hab Coin Affiliate Ranks
Whenever we review a company in the multi-level marketing world, it’s a pretty common theme to see the company offering different ranks for their affiliates to progress through. These ranks do a good job at allowing affiliates to progress through the system based off of their performance, and that’s no different here with Hab Coin.
The company has 15 total ranks for affiliate to work through, and obtain higher ranks is achieved by either generating a certain amount of BV – Business Volume – or having a certain amount of certain ranked affiliates in your downline.
Hab Coin does have certain qualifications that need to be met in order to earn commissions that the company offers, and these qualifications are met by generating a certain amount of BV each month.
Here’s how the breakdown of these qualifications works –
- For 92 EUR, an affiliate for Hab Coin is able to generate 35 BV per month. As a result, they are pegged to qualify for commissions for exactly one month.
- In order to qualify for commissions for 3 months, affiliates will need to generate at least 100 BV. This is most easily obtained by investing into 200 BV, which will run 244 EUR.
- Finally, generating 1000 BV in one month will allow an affiliate to qualify for commissions for 12 months. The quickest way to go about doing this is by investing in 1000 BV, which will run affiliates 2440 EUR.
Residual recruitment commissions play a pretty big part in Hab Coin’s compensation plan, and this whole process is organized through a unilevel payment system.
Positions in a unilevel team are fulfilled through both direct and indirect recruitment methods, and the value of the percentage that is earned is entirely based upon the rank that the affiliate in question has.
Here, a higher rank comes out to a higher commission.
What’s Does It Cost To Join Hab Coin?
If you’re interested in joining Hab Coin, you’ll need to sign up for one of the 3 membership levels that the company offers.
The basic membership for a month runs 100 EUR each month, whereas signing up for 2 months will cost a total of 1500 EUR. And, finally, signing up for 8 total months will cost a grand total of 1500 EUR.
Is Hab Coin A Scam?
Have you heard from a friend that Hab Coin is a scam?
Based on this review, it might be hard to tell.
What exactly is the truth about Hab Coin – is it a scam or legit?
Good news – Hab 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.
Hab Coin Review Conclusion
At the end of the day, it doesn’t take long to realize that Hab Coin is just another MLM opportunity trying to quickly cash in on the crazy popular trend of cryptocurrencies. Habcoins are entirely worthless outside of the Hab Coin system itself, and the company is asking affiliates to invest in them at rather absurd rates.
To make matters worse, Habcoins are only available to affiliates, meaning that they cannot be sold to retail customers.
With this being the case, Hab Coin is clearly operating as both a pyramid and Ponzi scheme with the way that their compensation plan is laid out.
Plus, when we combine the looming fact that there’s currently no information in regards to who is behind this entire operation, it becomes quite clear that there’s a lot of shady business happening with this particular opportunity.
As we’ve seen with all other schemes of this sort, once recruitment and investment levels begin to die out, so too will the company as a whole.
I sure hope that you have found my Hab Coin review helpful for you.
Some other reviews have been pretty scant on details, and I wanted my Hab Coin review to have all the information for you.
If you decide to carry forward with Hab Coin, 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.