Monyx Review – Is This A Good Opportunity Or Big Scam?
You may have noticed that Monyx is getting a lot of hype and attention these days.
You might have had some friends in Network Marketing approach you about Monyx, or you may have seen it on social media.
I want to let you know, first of all, that I am NOT promoting Monyx as my own business opportunity. I am not an affiliate or distributor.
I have gathered here all the facts about Monyx in my Monyx Review – now you can learn all you need to know about it.
Is Monyx really a legit business?
Is Monyx a safe business to join?
Let me show you in my review of Monyx.
Get started by reading my review below.
Exactly What Is Monyx?
In the case of Monyx, we’re dealing with an MLM opportunity that creates for a very poor first impression.
Looking at Monyx’s website, there’s really not much to see.
There’s no mention of who owns the company, who’s running things, where it’s based out of, etc.
The domain name was first registered on November 17, 2017, but since the registration was done privately, there’s no way of knowing where this took place or who the owner of the domain is.
Along with all of this, it’s also worth mentioning that there is a mobile app available by the name of “Monyx Wallet.” Monyx Wallet offers a service for vending machine payments, but it doesn’t appear to be connected in any way to the Monyx opportunity that I’m reviewing today.
What Is The Monyx Product Line?
In regards to its product line, Monyx has nothing to show for.
No goods or services are being marketed or sold to retail customers, and this results in there being a total lack of retail sales activity.
Members only have the affiliate program to offer to those looking for a new income opportunity, and in my experience, this is a setup that’s only seen with companies that exist in the MLM underbelly.
What Can You Tell Me About The Compensation Plan For Monyx?
Speaking of the income opportunity, affiliates invest $100 and up to earn an ROI that’s offered by Monyx.
Investments are made in MYX points, and the ROI is paid out at a rate of 45 cents to $1 per point.
There are a few different investment levels that Monyx affiliates can choose from, and they include the following:
- Earn a daily ROI + 0.1% bonus for 140 days by investing $100 to $1000
- Earn a daily ROI + 0.2% bonus for 120 days by investing $1001 to $10,000
- Earn a daily ROI + 0.3% bonus for 80 days by investing $10,001 to $50,000
- Earn a daily ROI + 0.4% bonus for 60 days by investing $50,001 to $100,000
Along with this, member for Monyx are also given the chance to earn referral commissions that are paid through a unilevel system.
Here, affiliates have the chance of earning down to five levels deep of downline recruitment to encourage more and more recruitment of other members.
What Will It Cost To Join Monyx?
While you can choose to join Monyx for free, doing this will only let you earn on referral commissions.
If you’d like to earn referral commissions and the daily ROI, you’ll need to make an investment of at least $100.
Is Monyx A Scam?
If you have heard that Monyx is a scam, then you’ve come to the right place to find out the truth.
What’s the truth – is Monyx 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 Monyx Review
Wrapping this up, Monyx claims that it’s “the future of investing” and that it is “the first investment platform that aims to outperform Bitcoin on a risk-adjusted basis through state-of-the-art Algorithmic Trading powered by Artificial Intelligence.”
Following this up, Monyx also states it’s “traded successfully with our algorithms since 2013, and have now decided to open up for outside capital.”
Here’s the issue, though – Monyx offers no evidence that any trading activity of any kind has actually taken place.
Instead, the only money that’s evidently coming into the company is from that of affiliate investments.
As such, it’s safe to assume that newly invested funds are being turned around to pay existing ROIs – creating for a Ponzi scheme.
With this Ponzi setup, most people that join Monyx are pretty much guaranteed to lose out.
Only the anonymous admin(s) will earn anything of real value, and those that do lose out will have an incredibly tough time recovering any funds that are lost.
I definitely hope you have found value in my Review of Monyx.
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 Monyx, make sure you take the time to learn how to market yourself!
My training below can help you with that.