XenixCoin Review – Is This A Good Opportunity Or Big Scam?
XenixCoin 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 XenixCoin.
I have simply gathered for you all the facts in this XenixCoin Review in order for you to make a proper decision about it.
So, is it true? Is XenixCoin a scam?
Can it really help you build an online empire?
Let’s carry on with the review.
What Is XenixCoin?
XenixCoin is the latest company that’s up for my full review treatment, and unfortunately for the folks behind it, the official website for the company doesn’t create for a good first impression by any stretch of the imagination.
The XenixCoin website is noticeably absent of any legit background information, with data on who own’s the company, who’s part of the executive side of things, and even where it’s physically based out of is all absent.
There is a corporate address listed on the website that’s listed in London, but after doing just a little bit of digging into this, it didn’t take long at all to discover that this address is nothing more than a virtual office that is being rented out by the company i2 Office.
XenixCoin claims that they’re located and based out of the United Kingdom, but with their official corporate address being that of a virtual office space, it’s pretty safe to assume that the company doesn’t have any sort of physical presence in the UK at all.
Moving over to the domain registration for the XenixCoin website, the domain name was registered on October 11, 2016 by that of a Louis Hutchinson with Xenix Technologies LTD.
I tried doing some research on Louis Hutchinson to see what kind of dirt I could dig up on him, but I wasn’t able to find any mention of the man outside of his involvement with XenixCoin.
This, combined with the fact that XenixCoin is likely lying about their presence in the United Kingdom, suggests that Lots Hutchinson isn’t a real person and is simply being used for marketing purposes for XenixCoin.
What Are The Products For XenixCoin?
With that information in mind, it shouldn’t come as too much of a surprise that XenixCoin is an MLM opportunity that’s operating without any sort of product line in place at all.
Nothing of the sort is being marketed or sold to retail customers, with existing affiliates having nothing more than the affiliate membership itself to try and sell to interested parties.
No product line means that retail sales aren’t taking place, and this is a setup that is usually only ever found with schemes and scams that are part of the MLM underbelly.
What Is The Compensation Plan For XenixCoin?
On the compensation plan side of things, affiliates for XenixCoin are able to make money by investing cash into various packages that allow them to earn points that are then redeemed for a form of cryptocurrency that XenixCoin has created.
There are six different plans that affiliates can choose to invest in, and those plans are –
- Basic plan – $100
- Standard plan – $1000
- Enterprise plan – $3000
- Essentials plan – $6000
- Business Pro plan – $12,000
- Premier plan – $25,000
By investing in these plans, affiliates are told that they can use the points that they have, redeem them for XenixCoins, and then earn a commission that way.
Along with this, affiliates can also earn a matching bonus that is paid out.
This matching bonus is paid through the use of a unilevel payment system, and choosing to invest at one of the higher plans will allow affiliates to earn more through the commission that are being offered here.
In addition to this, investing in a more expensive plan also allows affiliates to have an increased withdrawal cap.
XenixCoin makes mention that affiliates are limited to withdrawing so much money depending on what plan they invest in, but there’s no word as to the recurrence of these withdrawal caps. We could be looking at a weekly, monthly, daily, or even yearly cap. We simply do not know, but even with that being the case, the withdrawal caps for the available plans works out in the following manner –
- Basic plan – withdrawal cap of $500
- Standard plan – withdrawal cap of $1000
- Enterprise plan – withdrawal cap of $4000
- Essentials plan – withdrawal cap of $6000
- Business Pro plan – withdrawal cap of $8000
- Premier plan – withdrawal cap of $10,000
What’s Does It Cost To Join XenixCoin?
In order to become an affiliate for XenixCoin, you need to invest at least $100 or as much as $25,000 on one of the six available packages that I outlined above.
In this case, choosing to invest more will increase your earning potential within the company.
Is XenixCoin A Scam?
Have you heard from a friend that XenixCoin is a scam?
Based on this review, it might be hard to tell.
What exactly is the truth about XenixCoin – is it a scam or legit?
Good news – XenixCoin 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.
XenixCoin Review Conclusion
When talking about XenixCoin, there really isn’t anything here that we haven’t seen before. This is a company that is asking people to invest real money into points that can then be used to redeem a form of cryptocurrency that the company has created.
This currency – XenixCoins – have no real world value, making them useless outside of the XenixCoin system.
Affiliates earn money by dumping heaps of cash into these worthless points, and are also compensated for recruiting other affiliates to join and do the same thing.
This sort of activity results in XenixCoin operating as a pyramid scheme, and as all pyramid schemes go, the company will only survive as long as more and more people continue to join the company and invest in these points.
Once recruitment levels die down, the majority of all affiliates will end up losing out. Only the anonymous admin(s) behind XenixCoin will end up earning any sort of real money once all is said and done, so you’re best bet is to simply avoid this opportunity at all costs.
I sure hope that you have found my XenixCoin review helpful for you.
Some other reviews have been pretty scant on details, and I wanted my XenixCoin review to have all the information for you.
If you decide to carry forward with XenixCoin, 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.