LipCoin Review – Is This A Good Opportunity Or Big Scam?
In the last few weeks, LipCoin 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 LipCoin in your social media feeds.
The first thing you need to know is that I am NOT an affiliate or distributor for LipCoin.
I wanted to gather all the information about LipCoin in my LipCoin Review in order for you to make a decision about joining LipCoin.
Is LipCoin 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 LipCoin.
Read on to find out what you need to know.
What The Heck Is LipCoin?
On the official website for LipCoin, you won’t find any background information of any sort. There’s no mention of who owns the company, when it was founded, where in the world it’s based out of, or anything along these lines.
Pertinent background data is always the first thing I’m on the look for when conducting these reviews, so it’s disappointing to see that none is being offered here by LipCoin.
The only real thing worth mentioning is the fact that the domain was registered on November 10, 2017. Unfortunately, since the registration was done privately, it’s impossible to see where this took place or who the owner of the domain is.
Aside form that, there’s nothing else to talk about.
What Are The LipCoin Products?
As for the product line, we’re dealing with a similar bag of disappointment.
Not a single good or service is being marketed or sold by LipCoin, and because of this, you won’t find any retail sales activity within the company.
Retail sales are essential for any legit MLM opportunity, so the fact that they’re lacking here is not a good sign at all.
The only thing that affiliates for LipCoin have to offer is the affiliate membership itself, and the main attraction to this is the attached income opportunity.
What About The Compensation Plan For LipCoin?
Speaking of that income opportunity, LipCoin affiliates purchase LPC coins that are pre-generated by the company. These are purchased between 45 cents and 95 cents per coin, and should an affiliate buy 400 or more of them, they can get a bonus of 50%.
There are a few different levels at which this bonus can be acquired, and they all work out as follows:
- Affiliates get the 50% bonus for 1 month after buying 400 LPC points
- Affiliates get the 50% bonus for 2 months after buying 800 LPC points
- Affiliates get the 50% bonus for 3 months after buying 1600 LPC points
- Affiliates get the 50% bonus for 4 months after buying 3200 LPC points
- Affiliates get the 50% bonus for 5 months after buying 6400 LPC points
- Affiliates get the 50% bonus for 6 months after buying 12,800 LPC points
- Affiliates get the 50% bonus for 9 months after buying 25,600 LPC points
- Affiliates get the 50% bonus for 12 months after buying 51,200 LPC points
In addition to this, affiliates are also given the chance to earn on referral commissions.
Referral commissions are handled using a unilevel system, and they’re paid in a couple different ways.
With referral commissions paid on the purchase of LPC points, members earn 10% on Level 1, 5% on Level 2, and 2.5% on Level 3.
You can also earn on referral commissions based on money that’s invested by affiliates in your downline, and with this, you earn 5% on Level 1 or 5% on Level 1 and 5% on Level 2 depending on how many points you purchase.
What’s The Cost Of Joining LipCoin?
If you’re interested in becoming an affiliate for LipCoin, you’ll need to buy a minimum of 45 LPC points.
So, Is There A LipCoin Scam Going On?
Have you been hearing rumours that LipCoin 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 LipCoin scam going on?
If I am being perfectly honest, LipCoin 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 LipCoin Review And Conclusion!
Per the LipCoin website, the company is “the first cryptocurrency for the surfers community.”
Why do surfers need a cryptocurrency of their own? You’ve got me beat there.
LipCoin continues promoting its business opportunity by saying “LIPCOIN aims to promote activities of a recreational, cultural, sporting and tourist nature, powered by surfing and all other surfing disciplines, actively acting to promote a community of athletes.”
In reality, everything being marketed here is baloney.
The only money making its way into LipCoin is that of affiliate investments, and as such, newly invested funds get recycled and used to pay off existing ROI liabilities.
With this, LipCoin operates as a Ponzi scheme.
Like all other Ponzi schemes, LipCoin will be no more once investments stop coming in. Affiliates will lose out, the anonymous admin(s) will make off with the majority of the cash, and that’ll be all she wrote.
I really hope you have gained value from my LipCoin Review.
I wanted to make sure you had all the information you needed, because most other LipCoin reviews are just trying to sell you something.
If you really do decide to join LipCoin, I want you to succeed with your business. Learn how to market yourself properly!
My training can help you make money online!