IoniCoin Review – Is This A Good Opportunity Or Big Scam?
In the last few weeks, IoniCoin 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 IoniCoin in your social media feeds.
The first thing you need to know is that I am NOT an affiliate or distributor for IoniCoin.
I wanted to gather all the information about IoniCoin in my IoniCoin Review in order for you to make a decision about joining IoniCoin.
Is IoniCoin 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 IoniCoin.
Read on to find out what you need to know.
What The Heck Is IoniCoin?
In the world of business (and really all areas of life), first impressions count. The way that a company represents itself through its website is extremely important for making that first impression memorable, but IoniCoin unfortunately seems to have missed this memo.
Although the actual appearance of the website is good enough, I was not able to find any mention of who’s running IoniCoin, where i’s based out of, or when it was first created.
This is all pertinent information that I come to expect with any new business opportunity, and the absence of it with IoniCoin is not something I’m a fan of seeing.
That said, I did manage to come across three main contact points on the website.
These contact points are located in the United Kingdom, Germany, and Bulgaria, but each one only offers a phone number and email address.
IoniCoin’s domain name for its website was initially registered on April 8, 2017, and the owner is listed as “Amsters Clark” with an address over in Birmingham, UK provided also.
After some more research and snooping, I noticed that the address used with the domain registration is actually a virtual one that belongs to Mailboxes ETC — a company that sells virtual office mailing addresses to people all over the world.
Due to this discovery, it’s safe to assume that IoniCoin doesn’t physically exist in the UK and is only using the Birmingham address for the namesake.
Despite all of this, perhaps the most troubling bit of info has to do with the fact that IoniCoin claims to be a, “registered investment bank.”
On the IoniCoin website, it is stated that, “Ionicoin Digital Currency LTD is an investment bank registered with the number: 10718847 which was incorporated on 10 April 2017. Ionicoin Digital Currency LTD has sic code: 64110 — Central banking.”
Although it is true that IoniCoin was incorporated within the United Kingdom on April 10 of this year, what’s not true is the fact that the company is a registered investment bank in the United Kingdom.
If IoniCoin really was legit in these regards, it would have to be registered with the country’s Financial Conduct Authority.
I decided to look through the FCA’s database of registered entities just for the heck of it, and not to my surprise, there isn’t any listing whatsoever for IoniCoin Digital Currency LTD.
The same Amsters Clark that’s mentioned within the domain registration is listed as the sole Director for IoniCoin, but with no information being offered on the main outside of IoniCoin’s website, it’s likely that this person doesn’t truly exist.
IoniCoin’s website is also being hosted on web servers located in Romania, and with Bulgaria being a close neighbor to the country, my guess is that the person who really is running IoniCoin is residing in one of these two places.
What Are The IoniCoin Products?
Moving the focus over to IoniCoin’s product line, this is another area where the company is seriously lacking.
I was disappointed to see that there’s absolutely nothing being sold to retail customers, as a setup like this is usually a telling sign that you’re dealing with a scheme or scam of some sort.
Affiliates or IoniCoin only have the membership itself and the attached income opportunity to offer to parties that might be interested in it, and this all results in there being a complete and total lack of any retail sales activity.
What About The Compensation Plan For IoniCoin?
As for the compensation plan, IoniCoin has its members investing money so they can then get a daily ROI.
Affiliates can choose to invest between $100 and $10,000 into IoniCoin, and deciding to pony up more cash will result in you being able to earn a larger ROI payment.
Direct and residual referral commission exist alongside this, with the residual referral commissions being paid out to affiliates via a binary system.
Lastly, choosing to invest $10,000 into IoniCoin will allow you to get your hands on virtual shares of the business.
The cost of these shares seems to be set directly by IoniCoin itself, and according to the IoniCoin website, shares sold for $4 a piece on April 4, 2017 and then $5.83 on May 29, 2017.
This business has the same problems as iCoinPro.
What’s The Cost Of Joining IoniCoin?
While it is free to join IoniCoin, choosing to do so will only allow you to earn on the direct and residual referral commissions.
If you would like to participate with the ROI payments, you will need to invest between $100 and $10,000.
So, Is There A IoniCoin Scam Going On?
Have you been hearing rumours that IoniCoin 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 IoniCoin scam going on?
If I am being perfectly honest, IoniCoin 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 IoniCoin Review And Conclusion!
The main advertising point for IoniCoin is the fact that its affiliates can earn a daily ROI as great as 1.5%.
That probably sounds way too good to be true for most of you reading this, and that’s simply because it is.
According to IoniCoin’s website, this ROI is generated through the act of bitcoin trading —
“Ionicoin Digital Currency LTD is a global trading platform for companies trading bitcoin. We are an innovative and practical trading platform.”
With no proof offered to show that this bitcoin trading is actually taking place, that bit of text means nothing.
Also, if IoniCoin really did find a way to generate a consistent 1.5% daily ROI by trading bitcoin, why on God’s great earth would they then seek other people to invest their own money into the system? Why not just take out a small loan, dump it into this setup, and then quickly becoming the richest person in the world?
The fact of the matter is that this bitcoin trading is not taking place.
The only money that’s making its way into IoniCoin is that of affiliate investments, and with this money being used to pay the ROIs that are offered to other members, the company quickly turns into a Ponzi scheme.
When affiliate investment eventually dies down, IoniCoin will quickly run out of funds through which it can pay its members. The anonymous admin(s) will gather up the lion’s share of the cash, make a break for it, and everyone else will be left to lose out.
I really hope you have gained value from my IoniCoin Review.
I wanted to make sure you had all the information you needed, because most other IoniCoin reviews are just trying to sell you something.
If you really do decide to join IoniCoin, I want you to succeed with your business. Learn how to market yourself properly!
My training can help you make money online!