RevCoin Review – Is This A Good Opportunity Or Big Scam?
In the last few weeks, RevCoin 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 RevCoin in your social media feeds.
The first thing you need to know is that I am NOT an affiliate or distributor for RevCoin.
I wanted to gather all the information about RevCoin in my RevCoin Review in order for you to make a decision about joining RevCoin.
Is RevCoin 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 RevCoin.
Read on to find out what you need to know.
What The Heck Is RevCoin?
In regards to the official website that RevCoin has, nowhere were we able to find solid information in regards to the ownership of the company. This is information that any legitimate company should make publicly available, so when it is missing for no good reason, it also creates for a bit of initial concern.
With any company, the folks behind it should be proud of what they created, and as a result, we should be able to clearly identify who owns or runs any company by taking a look through their website – especially in the case of an MLM opportunity where you’re going to be invested your own money.
When we see that this information is not listed on an MLM company’s website, we have to wonder as to why they decided to withhold this information. While it could be because they simply forgot to list it, this is often not the answer.
As a common trend in this industry, companies that withhold this info are often discovered to be schemes of some sort. We aren’t insinuating that RevCoin is a scheme this early on in the review, but the lack of information on the company’s website does have us a bit concerned.
Speaking of the website, it does showcase a UK Companies House registration that claims RevCoin Limited was founded back on June 22nd of this year – 2016. When looking more closely at this registration, we can see that an address that’s located in the residential area of Hertfordshire, England is provided.
Further investigation of this registration lists that someone by the name of Carlo Trabattoni is the only “Marketing Manager” within RevCoin. However, if we do further research on Carlo himself, we are able to find that social media accounts were made for the man just a few days ago.
As a result of this, we can deem it pretty safe to say that Carlo Trabattoni is not a real person at all, and simply a name being used in association with RevCoin.
This is another trend we frequently seen done with schemes that try to act as legitimate opportunities in the world of multi-level marketing, and from what we’ve seen so far, RevCoin is not off to that great of a start.
What Are The RevCoin Products?
As for the product line that RevCoin is offering, there’s simply nothing to speak of here. Why? RevCoin does not have any form of product line set in place at all.
No matter what kind of company we’re dealing with, MLM or not, product lines play a huge role. With a product line, a company is able to sell retail products and services to interested customers. When these sales take place on a retail level, that money is then able to come into the company and circulate through the various different levels of it.
When we do not have a product line with a company in the MLM realm, the only way for the company in question to make cash is through investments of their affiliates.
And, when it comes time to pay commissions or promised ROIs, the company needs to fund those with past investments of existing and new affiliates.
When something like this takes place, we’re often looking at a good old-fashioned Ponzi scheme.
With RevCoin lacking any sort of product line, it’s extremely likely that this is what’s taking place within the company.
What About The Compensation Plan For RevCoin?
In regards to the compensation plan that RevCoin has set in place, the company promises to pay affiliates an ROI of $2000 once they invest just $10 into the company. And, to make matters even more enticing, this ROI is paid out on a daily basis.
As for how large this ROI is, that is entirely based upon how much money an affiliate invests into RevCoin.
Investing anywhere from $10 to $499 will grant affiliates a daily return on investment of 2.5%, which comes out to a grand total of 145%. If an affiliate decides to pony up anywhere from $500 and $1999, they will have that daily ROI bumped up to 3%, which will then yield a total ROI of 174%.
And, if an affiliates is feeling super adventurous, they are able to invest $2000 or more for the highest income opportunity. Here, the daily return on investment gets boosted all the way up to 3.5%, and as a result, the total ROI comes out to 203%.
In addition to these ROIs, affiliates can also earn a commission through a referral system. This referral system is handled via a unilevel system, and there are 3 payable levels.
Affiliates at the level 1 spot will earn a 5% commission, level 2 affiliates 3%, and level 3 1%.
What’s The Cost Of Joining RevCoin?
If RevCoin sounds like an enticing opportunity for you, you’ll be happy to hear that the actual membership itself is free. However, if you do want to take part in the side of the company that’s actually related to MLM, you’ll need to make an investment of at least $10 to start earning an ROI.
So, Is There A RevCoin Scam Going On?
Have you been hearing rumours that RevCoin 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 RevCoin scam going on?
If I am being perfectly honest, RevCoin 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 RevCoin Review And Conclusion!
When looking through the RevCoin website, we can see that the company is touting some sort of mineable cryptocurrency that is called “RVC Coin.”
RVC Coin does make an appearance on the site Block Experts, but from what we’ve been able to tell, no one but the admins for RevCoin actually uses it.
Even more so, the RevCoin website claims that 20% of the total RVC Coni supply in the world is held by the admins themselves.
This is certainly interesting, but it doesn’t appear to have any discernable connection to the MLM side of RevCoin – something we find to be quite odd.
By investing a minimum amount of $10 into the company, affiliates for RevCoin have the potential to earn ROIs of 145%, 174%, and 203%. That may sound like a great deal, but it’s extremely unrealistic.
Along with these ridiculously high numbers, let’s not forget that RevCoin doesn’t have any source of income outside from affiliate investments.
So, when it comes time to pay out ROIs and referral commissions, the company has to fund those with past investments from other affiliates.
Since this is taking place, RevCoin is clearly operating as a classic Ponzi scheme.
And, as with all other Ponzi schemes, once affiliate and investments rates drop, so will the overall activity within the company.
Eventually, RevCoin will be unable to pay the ROIs and commission that they owe, and the company will be facing a rather immediate collapse.
I really hope you have gained value from my RevCoin Review.
I wanted to make sure you had all the information you needed, because most other RevCoin reviews are just trying to sell you something.
If you really do decide to join RevCoin, I want you to succeed with your business. Learn how to market yourself properly!
My training can help you make money online!