Velocity Token Review – Is This A Good Opportunity Or Big Scam?
You may have noticed that Velocity Token is getting a lot of hype and attention these days.
You might have had some friends in Network Marketing approach you about Velocity Token, or you may have seen it on social media.
I want to let you know, first of all, that I am NOT promoting Velocity Token as my own business opportunity. I am not an affiliate or distributor.
I have gathered here all the facts about Velocity Token in my Velocity Token Review – now you can learn all you need to know about it.
Is Velocity Token really a legit business?
Is Velocity Token a safe business to join?
Let me show you in my review of Velocity Token.
Get started by reading my review below.
Exactly What Is Velocity Token?
With Velocity Token, we’re dealing with yet another faceless MLM opportunity. There’s no mention on the company’s site of who owns the business, where it’s located, or when it was founded, and something like this is never good.
Ample background data is key to know before handing over your cash to a new setup, and it’s important to become suspicious of any entity that holds this info back.
Velocity Token’s website domain was registered late last year on December 21, 2017, but because the registration was done privately, it’s impossible to tell where in the world this occurred, or who the owner of the domain is.
Aside from that, there’s nothing else to say.
What Is The Velocity Token Product Line?
On the product line side of things, this is another area where Velocity Token has nothing to show for.
The company isn’t marketing or selling any goods/services, and as such, there’s no way for retail sales activity to exist.
This leaves Velocity Token affiliates with only the affiliate membership to promote, and in my experience, opportunities like this are often destined for failure.
What Can You Tell Me About The Compensation Plan For Velocity Token?
If you decide to ignore all the warning signs and join Velocity Token anyways, you’ll be met with an opportunity in which you’re asked to invest real money into VTN points.
These points range in price from 50 cents all the way up to $1.50 per point, and after you get a few of them, you’ll need to lend them back to Velocity Token’s owners.
Doing this will allow you to earn on a daily ROI that’s offered, and when doing so, you have four main tiers to choose from.
- Members earn the ROI + 0.1% daily bonus after investing $100 to $1000
- Members earn the ROI + 0.2% daily bonus after investing $1010 to $5000
- Members earn the ROI + 0.25% daily bonus after investing $5010 to $10,000
- Members earn the ROI + 0.3% daily bonus after investing $10,010 to $50,000
Referral commissions are also being offered, and these are paid to affiliates with a unilevel system.
Affiliates can earn down to three levels of downline recruitment, and the rates being offered include:
- A 5% commission on Level 1
- A 3% commission on Level 2
- A 1% commission on Level 3
What Will It Cost To Join Velocity Token?
If you’d like to join Velocity Token for free, you can do so and limit yourself to earning on just referral commissions. However, if you want to earn on these and the ROI opportunity that’s at hand, you’ll need to pony up an investment of at least $100.
Is Velocity Token A Scam?
If you have heard that Velocity Token is a scam, then you’ve come to the right place to find out the truth.
What’s the truth – is Velocity Token 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 Velocity Token Review
On its website, Velocity Token claims that it has “trading bots” to generate funds for the ROI and that:
“Our AI bot is able te [sic] recognise Pump and Dumps and will use this to gain profit from.”
Here’s the thing. While all of that may sound good at first, there’s no proof or evidence that any of this exists.
Instead, the only money that’s verifiably coming into Velocity Token is that of affiliate investments.
New members join, they invest money, and these funds are then used to pay off ROI liabilities that Velocity Token owes to existing members.
As you probably know, this is the bread and butter of any Ponzi scheme.
A setup like this will see most people involved with Velocity Coin losing out, and when money is inevitably lost, getting it back will be virtually impossible.
Companies like Velocity Token pop up all the time, and while they can look awesome and ground-breaking to some, they always result in lost money and headaches.
I definitely hope you have found value in my Review of Velocity Token.
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 Velocity Token, make sure you take the time to learn how to market yourself!
My training below can help you with that.