YoCoin Review – Is This A Good Opportunity Or Big Scam?
In the last few weeks, YoCoin 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 YoCoin in your social media feeds.
The first thing you need to know is that I am NOT an affiliate or distributor for YoCoin.
I wanted to gather all the information about YoCoin in my YoCoin Review in order for you to make a decision about joining YoCoin.
Is YoCoin 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 YoCoin.
Read on to find out what you need to know.
What The Heck Is YoCoin?
With any multi-level marketing company that we review, one of the key factors we look out for is whether or not a company is upfront and direct in regards to making background information available to the public – more specifically, ownership and management of said company.
Think of any reputable company out there. Got that name in mind? Now, head over to their website. Chances are you’ll be able to clearly determine who owns, runs, and founded the company. This is a practice in the business world that’s mere common sense, and we come to expect it with any company that we look at.
YoCoin delivers us with feelings of suspicious due to the fact that the company’s website doesn’t list any of this information whatsoever. The only real background info that we’re able to pull is an address somewhere in Bangkok, Thailand.
However, if we do some searching into this address that’s listed on YoCoin’s website, it is quickly determinable that the address is owned by a company named Regus – a seller of virtual office space.
Because of this, we find it pretty safe to assume that the Thailand name is used just for the namesake.
That begs the question though – where is YoCoin actually based out of?
If we take a peek at the company’s domain name registration, we can see that it was first registered on December 3rd last year – 2015. Unfortunately, the domain name is currently set to a private state. As a result of this, we are entirely unable to determine where or who registered to the domain name.
As if that wasn’t interesting enough, here’s something else to add to our ongoing list of suspicious info. Thanks to reports that were conducted by Alexa, we’re able to see that over 30% of the total traffic that YoCoin’s site gets comes directly out of India.
Because of this massive number, we can put out a fair bet that India is more than likely where YoCoin is being run out of.
What Are The YoCoin Products?
In regards to the product line that YoCoin has to offer, there is none. YoCoin has no products or services to offer, and this results in the fact that affiliates have only the membership for the affiliate program to sell and market to potential buyers and investors.
Once signed up for the affiliate program though, YoCoin affiliates are presented with an opportunity to invest in the company’s own form of cryptocurrency.
The cryptocurrency goes by the same name of the company, and one YoCoin roughly comes out to 0.00025 bitcoin – or 17 cents in the United States.
However, this isn’t the most interesting aspect of the YoCoin.
Although YoCoin as a company just recently launched, the YoCoin cryptocurrency was first picked up by CoinMarketCap way back in January of this year (2016). YoCoin is currently listed as YOC, and this would suggest that YoCoin was circulating around before the company YoCoin was even established.
What About The Compensation Plan For YoCoin?
When it comes down to the compensation plan that YoCoin has set in place, things couldn’t be any simpler even if we wanted them to be.
The sole and only way that affiliates stand to earn a commission is through the act of enlisting other individuals to join the YoCoin affiliate program.
Being a company involved in the niche of cryptocurrency, it would only make sense that YoCoin allows their affiliates to invest their own money into YOC.
Once an affiliate makes an investment, they must wait a period of 30 days before they start to receive any YoCoins of their own.
Once this 30-day period passes by, affiliates will begin to earn a return on investment of 5% of coins that they invested in each and every week.
Direct Recruitment Commissions
Although recruitment is the only way for affiliates to earn any real money, there are two ways that YoCoin goes about this – direct and indirect recruitment.
In regards to direct recruitment, an affiliate stands to make a 10% commission off of the total investment amount from the affiliate that they recruited to join the company.
Residual Recruitment Commissions
In addition to these direct recruitment commissions, YoCoin also offers a form of residual recruitment commissions.
These residual commissions are handled through a common binary system that we’ve seem time and time again with similar multi-level marketing companies.
When it comes to how much money that stands to be earned here, YoCoin sets a weekly cap on an affiliate’s possible earnings. This cap is based around both how much an affiliate has personally invested, as well as how much their downline has invested as well.
An investment volume of $50 will set an affiliate’s earnings cap at $500, whereas an investment volume of $5000 will boost that cap all the way up to $20,000.
These caps are based around a weekly time frame, and it’s also worth noting that only $2000 of an affiliate’s personal investment will be counted towards that total investment volume. So, if you’re aiming for a $5000 or $10,000 investment volume, you’re going to have to ensure that all of your downline is investing as much as they can.
Yo Club Benefits
YoCoin takes a 1% total out of all investments made in the company and places them in a “Yo Club Benefits pool”.
In order for an affiliate to take part in this pool, they must not only generate a total of $10,000 during a month across both sides of their binary team, but must also be able to recruit two additional affiliates who have each invested an amount of at least $1000.
Once qualified, YoCoin affiliates are able to gain access to additional matching bonuses and other binary matching commissions.
Commission Withdrawal Fees
Once you’ve racked up enough YoCoin, you’ll likely want to withdraw it and turn it into real money. However, when it comes time to do this, YoCoin will charge you a fee of 10% for all the funds that you’re withdrawing from your account.
However, that’s not where the fees stop. Once affiliates start earing commissions within the company, they are forced to reinvest 30% of any money that they earn back into the company.
What’s The Cost Of Joining YoCoin?
Initially joining YoCoin is free, but a minimum investment of at least $50 is required from an affiliate if they want to take part in the MLM aspect of the company.
And, as we see with other MLM opportunities, the amount an affiliate stands to earn is directly tied to how much money they are able to invest.
So, Is There A YoCoin Scam Going On?
Have you been hearing rumours that YoCoin 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 YoCoin scam going on?
If I am being perfectly honest, YoCoin 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 YoCoin Review And Conclusion!
You know how we mentioned that YoCoin preceded the existence of the company as a whole? That’s because, when YoCoin launched back in January, the mysterious owners behind it were more than like busy mining as many coins as they possibly could.
Once enough mining had been done, the decide to establish a MLM opportunity to get more and more people to invest in their YoCoins.
As a result of all this, the owners of YoCoin just have to sit back, relax, and watch all of their money come in.
On their own, YoCoins aren’t appealing at all. The only reason folks are investing their money into them is because they’re directly tied to the income opportunity that YoCoin is offering through the MLM side of their business.
Because of this, once new investments stop coming in and new affiliates stop signing up, the overall value of the coin is going to sink entirely. It’s a flawed model and there’s no retail taking place. I recently reviewed LuLaRoe and (whilst this business has flaws), at least it is selling more than thin air!!
When this takes place, the owners of the company will make off with their funds, and the majority of investors will be left with nothing but a worthless type of currency that no one wants or has any interest in.
I really hope you have gained value from my YoCoin Review.
I wanted to make sure you had all the information you needed, because most other YoCoin reviews are just trying to sell you something.
If you really do decide to join YoCoin, I want you to succeed with your business. Learn how to market yourself properly!
My training can help you make money online!