SaxoCoin Review – Is This A Good Opportunity Or Big Scam?
SaxoCoin has been getting a lot of attention on the web lately.
Because there is so much hype, a lot of network marketers are trying to sell this opportunity all over the place, including all over social media.
I want to let you all know that I am NOT in any way promoting or selling SaxoCoin.
I have simply gathered for you all the facts in this SaxoCoin Review in order for you to make a proper decision about it.
So, is it true? Is SaxoCoin a scam?
Can it really help you build an online empire?
Let’s carry on with the review.
What Is SaxoCoin?
In the case of SaxoCoin, we’re looking at an MLM opportunity that offers hardly any background information of any sort of its website.
Despite looking around as much as possible, I was unable to find any mention of who owns SaxoCoin, when it was founded, where it’s being round out of, or anything of the sort.
You will come across an address that SaxoCoin is promoting, but further inspection reveals this is nothing more than a virtual office space that’s owned by ServCorp.
Lastly, the domain name registration isn’t much help, either. The registration took place on January 4, 2018, but the private nature of the thing means I can’t determine who owns the domain or where the registration physically took place.
What Are The Products For SaxoCoin?
In regards to SaxoCoin’s product line, this is another area where the company disappoints.
No goods or services are being marketed to retail customers, and as such, you won’t find a trace of retail sales activity.
The one thing affiliates have to offer is the affiliate membership, and the main draw to this is the income opportunity that it’s bundled with.
Income opportunities are fine to have in an MLM opportunity, but they can only exist in a legitimate manner when accompanied by a product line. When you see one being offered on its own like this, that’s usually a sign that bad things are in the works behind the scenes.
What Is The Compensation Plan For SaxoCoin?
If you decide to join SaxoCoin, you’ll spend your time investing money into SAXO points.
SAXO points can be purchased from SaxoCoin’s owners between 75 cents and $1 per point, and after buying so many of these, you’ll be able to lend them back to SaxoCoin and redeem them for a monthly ROI.
Affiliates can earn up to 45% back each month, and the amount that you earn is dependent on how much you choose to invest.
This is determined by which investment plan to choose, and these work out as follows:
- Earn a daily ROI for 299 days by investing $100 to $1000
- Earn a daily ROI + 0.1% bonus for 179 days by investing $1010 to $5000
- Earn a daily ROI + 0.15% bonus for 139 days by investing $5010 to $10,000
- Earn a daily ROI + 0.2% bonus for 120 days by investing $10,010 to $100,000
To supplement the money that’s earned here, SaxoCoin also allows its members to earn with referral commissions.
Referral commissions are paid to affiliates using a unilevel system, and with this setup, you can earn down to seven levels of recruitment.
This creates for a huge incentive to make a big part of your membership focused on recruiting,and the rates that are offered for each level are:
- 5% commission for Level 1
- 3% commission for Level 2
- 2% commission for Level 3
- 1% commission for Level 4
- 0.5% commission for Level 5
- 0.3% commission for Level 6
- 0.2% commission for Level 7
What’s Does It Cost To Join SaxoCoin?
You have the option of joining SaxoCoin for free if you’re okay with just earning referral commissions, but you’ll need to invest between $100 and $100,000 if you’d like to earn on these and the ROI.
Is SaxoCoin A Scam?
Have you heard from a friend that SaxoCoin is a scam?
Based on this review, it might be hard to tell.
What exactly is the truth about SaxoCoin – is it a scam or legit?
Good news – SaxoCoin is not really a scam.
But, be sure to take a look at the conclusion, because there are some things you should be aware of.
This is how you will build a successful in your business.
Let me help you make more money.
SaxoCoin Review Conclusion
SaxoCoin claims it uses a “trading bot” to fund the ROIs being offered, but nowhere is there proof to show that this bot really does exist.
The only source of verifiable income for SaxoCoin is that of affiliate investments, and this is a problem.
As new members join, the money they invest into SAXO points is used to pay off ROI liabilities that SaxoCoin owes to existing members. In other words, the company is operating as a Ponzi scheme.
Once investment activity dies down and people stop joining, SaxoCoin will be no more,
The anonymous admin(s) will make off with the majority of what’s invested, everyone else will lose out, and that’ll be all there is to it.
I sure hope that you have found my SaxoCoin review helpful for you.
Some other reviews have been pretty scant on details, and I wanted my SaxoCoin review to have all the information for you.
If you decide to carry forward with SaxoCoin, make sure you make the most out of it and learn how to market yourself online.
Click to get my free training that shows you how.