RegalCoin Review – Is This A Good Opportunity Or Big Scam?
In the last few weeks, RegalCoin 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 RegalCoin in your social media feeds.
The first thing you need to know is that I am NOT an affiliate or distributor for RegalCoin.
I wanted to gather all the information about RegalCoin in my RegalCoin Review in order for you to make a decision about joining RegalCoin.
Is RegalCoin 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 RegalCoin.
Read on to find out what you need to know.
What The Heck Is RegalCoin?
Looking through the official RegalCoin website, I wasn’t able to find any concrete background data on the company. There’s no mention of who founded RegalCoin, when it was established, where it’s being run out of, etc.
This is information that you should always have a solid understanding of before handing money over to any opportunity, so the lack of it here is troubling to say the least.
The domain name for RegalCoin’s website was registered on July 7, 2017, but the registration was unfortunately done privately. Because of this, it’s impossible to see who the owner of the domain is or where in the world the registration physically took place.
Something worth noting is that the local time on RegalCoin’s site is set to local Hong Kong time. Additionally, numerous marketing copy is written by someone who very clearly doesn’t speak English natively.
I also managed to track down RegalCoin’s Twitter profile, and looking through it, it appears the company initially tried to launch this past August. However, after failing to do so, it was then reboot and relaunched just a few days ago on September 21.
What Are The RegalCoin Products?
In regards to a product line, you simply will not find one with RegalCoin. Nothing is being sold or marketed to retail customers, and in the world of MLM, this is never a good thing to run into.
Should you choose to become an affiliate for the company, your membership will come bundled with access to the RegalCoin cryptocurrency. RegalCoin claims that this is “not much different from bitcoin” but at the time of publishing this review, RegalCoin isn’t tradable on any public market.
The RegalCoin website does mention that Coin Exchange, Coss, and Nova Exchange will be working with the cryptocurrency at some point in the future, but it isn’t disclosed as to when this will actually happen.
What About The Compensation Plan For RegalCoin?
Upon joining RegalCoin as an affiliate, you’ll be asked to invest in the cryptocurrency through coins that have already been mined by the company.
If/when RegalCoin does go public, affiliates will reportedly be able to buy coins from one another. However, until that day comes, you’re stuck doing so directly through RegalCoin itself.
After investing into RegalCoin, you can then transfer the cryptocurrency back to the company. Upon doing so, you’ll be eligible to receive up to 45% for a monthly ROI. RegalCoin pays this ROI in more RegalCoin, and in order to cash out with your earnings, you’ll need to recruit other people to invest in the cryptocurrency as well.
RegalCoin also allows members to earn through referral and residual commissions; the former is paid via a unilevel system and the latter with a binary setup.
What’s The Cost Of Joining RegalCoin?
In order to join RegalCoin, the affiliate membership itself is free.
You are required to make some sort of investment into the RegalCoin cryptocurrency in order to start earning, but at this time, RegalCoin doesn’t clarify how much needs to be invested in order to do so.
So, Is There A RegalCoin Scam Going On?
Have you been hearing rumours that RegalCoin 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 RegalCoin scam going on?
If I am being perfectly honest, RegalCoin 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 RegalCoin Review And Conclusion!
For active followers of the MLM landscape, RegalCoin’s setup might sound rather familiar to you. If it does, that’s because it’s nothing more than a copy of the BitConnect scheme that was launched this April.
Just like BitConnect, RegalCoin has affiliates investing in a worthless new altcoin and requires them to exchange it though the company itself. This activity allows the admin(s) behind RegalCoin to steal invested funds for themselves, and because of this, most affiliates who get involved with RegalCoin are guaranteed to lose out.
RegalCoin is really trying to sell the idea that its cryptocurrency is going to be the next big thing, and while this marketing can be easy to read into, there’s no value to it at all. You can’t trade RegalCoin and it isn’t accepted anywhere outside of the compensation plan itself.
In other words, RegalCoin is nothing more than a collection of virtual Ponzi points that hold no real world value.
Cryptocurrency-based Ponzi schemes aren’t anything new in the MLM world, and RegalCoin will likely see a similar fate to most of them.
Once affiliate stop joining and investing, there will be a total drop in investment activity. The admin(s) will make off with the dough, most affiliates will lose out, and that’ll be all she wrote.
I really hope you have gained value from my RegalCoin Review.
I wanted to make sure you had all the information you needed, because most other RegalCoin reviews are just trying to sell you something.
If you really do decide to join RegalCoin, I want you to succeed with your business. Learn how to market yourself properly!
My training can help you make money online!