The ChampCoin Review – Is This A Good Opportunity Or Big Scam?
In the last few weeks, The ChampCoin 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 The ChampCoin in your social media feeds.
The first thing you need to know is that I am NOT an affiliate or distributor for The ChampCoin.
I wanted to gather all the information about The ChampCoin in my The ChampCoin Review in order for you to make a decision about joining The ChampCoin.
Is The ChampCoin 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 The ChampCoin.
Read on to find out what you need to know.
What The Heck Is The ChampCoin?
The official website for The ChampCoin says that the company is, “open and honest in our dealings.” That’s fine and dandy on paper, but following a bit more digging throughout the company, it turns out that this is anything but.
Nowhere on The ChampCoin’s site will you find any mention of who the owner is, when it was launched, where in the world it’s being run out of. All of this is pertinent information whenever looking into a potential new business opportunity, so the lack of it with The ChampCoin is not a pleasant sight at all.
Moving over to the domain name registration, “thechampcoin.com” was registered on January 25, 2017. Unfortunately, since this registration was done privately, it’s impossible for me to see who the owner of the domain is or where it took place.
Even with these roadblocks, I was still able to tie a name to The ChampCoin. Marketing materials for the company indicate that a man by the name of Mahesh Verma is the Founder of The ChampCoin, and Verma’s LinkedIn profile shows that he currently lives in Haryana, India.
Before he decided to create and launch The ChampCoin, Verma was acting as the admin and founder for ChampCash.
ChampCash was another MLM entity that asked its members to install various mobile apps. Whenever an app was installed, a commission was generated. ChampCash secured so much of this commission, while the rest was distributed to the company’s affiliates.
ChampCash saw a rather large spike in traffic to its website around late 2016, but Alexa rankings show that this traffic complete nosedived in 2017. Views and visitors have been at a decline every since the beginning of the year, and with this being the case, Verma is now looking to make his money elsewhere with The ChampCoin.
What Are The The Champ Coin Products?
With The ChampCoin claiming to be, “open and honest” with the way that it does business, I find it hard to believe that a company truly operating along these lines wouldn’t have any sort of product line in place.
In the case of The ChampCoin, that’s exactly what we’re dealing with.
The ChampCoin isn’t selling anything to retail customers, and as such, you won’t find any retail sales activity throughout the company.
Affiliates for The ChampCoin have only the affiliate membership to offer to interested individuals, and in the MLM world, this is never something I’m a fan of seeing.
What About The Compensation Plan For The Champ Coin?
Upon joining The ChampCoin, you’ll need to invest money into ChampCoins — virtual points that are only traded and used throughout The ChampCoin system.
An affiliate must purchase at least 50 ChampCoins upon being recruited into The ChampCoin, and the price of ChampCoins is set entirely by The ChampCoin.
ChampCoins come with an advertised ROI of 9% that’s paid out every 6 months, and at the time of writing this review, TheChampCoin does not say how much its ChampCoins are currently trading and/or selling for.
Along with this, affiliate for The ChampCoin can also earn money by recruiting other people into the company.
The ChampCoin used a unilevel system for handing out these funds, and rather than paying members in actual dollars, The ChampCoin compensated its affiliates by paying them in ChampCoins.
What’s The Cost Of Joining The Champ Coin?
If you decide that you’d like to join The ChampCoin, doing so is initially free. However, if you would like to earn any money throughout the comp plan that I just outlined, you’ll need to purchase a minimum of 50 ChampCoins.
As I mentioned above, The ChampCoin does not indicate the exact price of ChampCoins.
So, Is There A The Champ Coin Scam Going On?
Have you been hearing rumours that The Champ Coin 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 The Champ Coin scam going on?
If I am being perfectly honest, The Champ Coin 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 The Champ Coin Review And Conclusion!
Invest money into worthless Ponzi point in order to get an advertised return.
This is something that we’ve seen time and time again throughout the MLM landscape, and that’s exactly what we’ve got in the case of The ChampCoin.
ChampCoins hold no value in the real world, and as such, they’re pretty much worthless.
Affiliate funds used to buy ChampCoins are used to pay off the ROI and commissions being offered, and as a result, The ChampCoin operates as a Ponzi scheme.
Once people stop dumping cash into the company, The ChampCoin will quickly run out of money it has available to pay its members.
Verma will gather up the lion’s share of all the money, make a break for it, and leave most everyone else involved to lose out.
This is the story found with other scams along these lines, and The ChampCoin won’t be any different.
I really hope you have gained value from my The Champ Coin Review.
I wanted to make sure you had all the information you needed, because most other The Champ Coin reviews are just trying to sell you something.
If you really do decide to join The Champ Coin, I want you to succeed with your business. Learn how to market yourself properly!
My training can help you make money online!