iCoin Market Review – Is This A Good Opportunity Or Big Scam?
In the last few weeks, iCoin Market has been getting a lot of attention in the network marketing circles.
With all this hype, I am sure you have seen some of your friends trying to sell iCoin Market in your social media feeds.
The first thing you need to know is that I am NOT an affiliate or distributor for iCoin Market.
I wanted to gather all the information about iCoin Market in my iCoin Market Review in order for you to make a decision about joining iCoin Market.
Is iCoin Market legit or a scam?
Will it be able to deliver on it’s promises to you?
Let me show you in my unbiased review of iCoin Market.
Read on to find out what you need to know.
What The Heck Is iCoin Market?
Right off the bat, iCoin Market’s website leaves quite a lot to be desired. There isn’t even the slightest mention of who’s running the company or who owns it, and in the MLM world, not having this info readily available is never a good sign.
Full transparency is something that’s absolutely necessary for running a legit multi-level marketing opportunity, and that’s something that iCoin Market falters with quite a bit.
The domain name for the company website (icoinmarket.com) was first registered a few years back in April, 2013, but it was then updated this year on May 8, 2017. This is likely when the new owner of the domain took hold of it, but there’s unfortunately no way to see who the owner of the domain is or where in the world it was registered.
An address over in Hong Kong does show up on iCoin Market’s website, and after further research, it came to my attention that this is the exact same domain found on the website for Click Intensity.
Click Intensity was launched in early 2016 by Nick Johnson, and it turned out to be nothing more than a Ponzi scheme.
After visiting the personal Facebook page for Nick Johnson, it became clear right away that he is in fact the owner for iCoin Market in addition to Click Intensity.
As per a Facebook post that Johnson published on June 26:
“We Are LIVE !
Currently The System Is Live In Beta Phase And Updates Are Being Implemented Every Minute !
However Overall It Is Working At 90% Capacity And You All Can Start Placing Your Leaders One By One using Your Referral Link #1 In The Backoffice !”
It was believed that Nick Johnson wasn’t actually a real person when Click Intensity first launched based off of the lackluster background info that was available on the man, but since then, Johnson has been quite active on social media where he spends his time promoting the various schemes/scams that he’s launched since then.
After Click Intensity flopped about a year or so after it launched, Johnson wen on to promote Ads Cash Coin.
Ads Cash Coin was used as a way for Johnson to take points that were generated within Click Intensity and then push them onto affiliates that joined the new company.
These points could first be bought for 2 cents a pop, and they would then supposedly rise up, “to 0.25 cents to 0.50 cents just within launch and then easy to a $1 in 90 days of launch and then up to $10-$25 in 12 months thereafter to 24 months.”
The prelaunch phase for Ads Cash Coin went live in February of this year, and as of July 4, 2017, the value for the points is just 10.5 cents each.
Affiliates for Ads Cash Coin are now getting restless wondering where their income stream are, and as such, Nick Johnson has gone on to launch iCoin Market.
What Are The iCoin Market Products?
On the product line side of things, there’s simply nothing to speak of when it comes to iCoin Market.
There aren’t any goods or services being sold to retail customers, and affiliates only have the affiliate membership to offer to people they’re trying to recruit into the company.
A setup like this means that there’s a total lack of any retail sales activity, and in MLM, that’s the biggest red flag that you can come across.
What About The Compensation Plan For iCoin Market?
Moving right along to the compensation plan, iCoin Market affiliates are able to invest money into the company so they can then earn an ROI of as much as 300%.
The investment levels that affiliates can choose from include the following:
- Fixed — Your investment earns 10% of all profits generated after 24 months
- Stable — Your investment earns 20% of all profits generated after 18 months
- Safe — Your investment earns 30% of all profits generated after 12 months
- Distributed — Your investment earns 40% of all profits generated after 6 months
- Aggressive — Your investment earns 60% of all profits generated after 3 months
Of the money that you earn from the offered ROI, 50% if paid out in bitcoin whereas the other 50% is paid out in Ads Cash Coin.
Referral commissions are also offered here, and they are paid down through three levels of affiliate recruitment:
- If you invest a minimum of $100, you can earn 10% on level one affiliates
- If you invest a minimum of $1000, you can earn 3% on level two affiliates
- If you invest a minimum of $10,000, you can earn 2% on level three affiliates
What’s The Cost Of Joining iCoin Market?
Although it is technically free to join iCoin Market, you’ll need to invest at least $100 in order to earn on the MLM commissions.
If you’d like to max out your earning potential, however, you’ll need to increase that amount to as much as $10,000.
So, Is There A iCoin Market Scam Going On?
Have you been hearing rumours that iCoin Market is a scam?
After reading this review, you might still be asking yourself if it is really legit.
So – what is the truth? Is there really a iCoin Market scam going on?
If I am being perfectly honest, iCoin Market isn’t entirely a scam.
However, there are some things you need to watch out for.
This is how you will be successful in online marketing. See the image below for details.
Finally, My iCoin Market Review And Conclusion!
Before we get into the conclusion of iCoin Market, let’s talk about ICOs.
ICOs (or Initial Coin Offerings) are when affiliates can invest money into an existing form of cryptocurrency that is then used to crowdfunding a new type of currency.
As per iCoin Market’s website —
“Our trading expert makes trade & secure profit. Investments in Icon Market will assure you returns up to 300%.”
iCoin Market is trying to sell the story that there are numerous ICOs available for you to invest in in order to get that 300% ROI, but the fact of the matter is that this whole setup is being used as nothing more than a way to get more money circulating throughout Ads Cash Coin.
Johnson isn’t seeing the success that he wants with Ads Cash Coin, so he’s constructed iCoin Market with the hopes of having it bring more money into his past setup.
Unfortunately for Johnson, launching three Ponzi schemes in less than two years usually doesn’t pan out all that well.
If there really was a 300% ROI being generated within iCoin Market, there’s no reason why Ads Cash Coin or Click Intensity would have flopped the way that they did.
iCoin Market is just Johnson’s way of advertising more empty promises, and as such, you should avoid this one at all costs.
I really hope you have gained value from my iCoin Market Review.
I wanted to make sure you had all the information you needed, because most other iCoin Market reviews are just trying to sell you something.
If you really do decide to join iCoin Market, I want you to succeed with your business. Learn how to market yourself properly!
My training can help you make money online!