LoanCoin Review – Is This A Good Opportunity Or Big Scam?
You may have noticed that LoanCoin is getting a lot of hype and attention these days.
You might have had some friends in Network Marketing approach you about LoanCoin, or you may have seen it on social media.
I want to let you know, first of all, that I am NOT promoting LoanCoin as my own business opportunity. I am not an affiliate or distributor.
I have gathered here all the facts about LoanCoin in my LoanCoin Review – now you can learn all you need to know about it.
Is LoanCoin really a legit business?
Is LoanCoin a safe business to join?
Let me show you in my review of LoanCoin.
Get started by reading my review below.
Exactly What Is LoanCoin?
LoanCoin’s website looks good enough from a design point of view, but when it comes to actual background information, there’s not much of anything to be found.
LoanCoin doesn’t say who its founder is, when it was launched, where it’s being run out of, or anything along these lines.
The domain name for the site was registered on November 22, 2017, but since the registration was done privately, it’s impossible to see who the owner of the domain is or where in the world they were when the registration took place.
Aside from that, there’s honestly nothing else to see or say.
What Is The LoanCoin Product Line?
Similar to its background information, LoanCoin also disappoints when it comes to its product line.
No goods or services are being offered to retail customers, and because of this, there’s no way for retail sales activity to take place.
The only thing that affiliates have to offer is the affiliate membership itself, and in my experience, this is a theme that’s seen with most all MLM underbelly schemes.
What Can You Tell Me About The Compensation Plan For LoanCoin?
As an affiliate for LoanCoin, you’ll be asked to invest money into LOAN points. LOAN points pay at a rate of 55 cents to $1.05 per each point, and these can then be “lent” back to LoanCoin for an advertised ROI.
There are a handful of investment levels that you can choose from depending on how much you’d like to earn/dump into the company, and those levels work out as follows:
- Members invest $100 to $1000 and then get an ROI of 105%
- Members invest $1010 to $5000 and then get an ROI of 115%
- Members invest $5010 to $10,000 and then get an ROI of 125%
- Members invest $10,010 to $50,000 and then get an ROI of 135%
To supplement the money that’s earned here, affiliates can also earn on referral commissions.
Referral commissions within LoanCoin are paid using a unilevel system, and this allows members to earn down to five levels deep of recruitment.
What Will It Cost To Join LoanCoin?
You have the option of joining LoanCoin for free, and while you can certainly do this, you’ll only be able to earn on the referral commissions.
In order to take full advantage of the compensation plan at hand, you’ll need to make an investment of at least $100.
Is LoanCoin A Scam?
If you have heard that LoanCoin is a scam, then you’ve come to the right place to find out the truth.
What’s the truth – is LoanCoin a scam?
I would say not exactly. However, there are some things to be aware of before joining, which I have detailed in the conclusion.
You will only be successful by recognizing the weaknesses and finding a way to move past them.
Conclusion For My LoanCoin Review
There are a heap of Ponzi schemes trying to cash in on the cryptocurrency hype train right now, and LoanCoin is exactly that.
The LOAN points being offered have no value outside of the LoanCoin system, and this is evident by the fact that they aren’t traded on the public market.
LoanCoin touts that LOAN points will reach a value of as much as $400 by July of 2018, but that’s a number that’s simply been taken out of thin air.
Along with this, the only money really coming into LoanCoin is that of affiliate investments. When you sink money into LoanCoin, it’s immediately turned around and used to pay ROI liabilities owed to other members.
A setup like this will see LoanCoin collapsing once investment activity dies down, and when it does, it’l be bad news for most everyone that’s involved with the company.
The anonymous admin(s) and possibly a few early investors will make off alright, but the vast majority of those involved will lose out.
This is the story of most Ponzi schemes, and LoanCoin won’t be any different.
I definitely hope you have found value in my Review of LoanCoin.
I went into a lot of detail so that you can make a proper decision about whether you want to join or not.
If you do decide to proceed with LoanCoin, make sure you take the time to learn how to market yourself!
My training below can help you with that.