Welcome to my BankCoin Review!
There has been some buzz about this company, and while they are still pretty young, that’s when companies have the most potential…
Are you new to investing?
Are you at the start of your potential too?
Did you come across this company your own or through someone you know?
And now you are here because you want to find out if this company is actually legit, right?
It can be risky joining a company that’s so new because you don’t know where it is headed…
In my review, I with help you to learn about this company by providing some company history, info on the products and compensation plan….
I will reveal what this company is all about…
So let’s find out if it’s your next great opportunity…
BankCoin Review – The Company
When you take a look at the company’s website, you will find that there is no info available on the administrators of the company, including the owners or those running the business.
So, I dug around a little and was able to find that the BankCoin website domain was registered privately as “bankcoin.io” on the 15th of August in 2017.
BankCoin Reviews – The Products
BankCoin doesn’t have any products or services for affiliates to purchase or sell.
Anyone who signs up as an affiliate with BankCoin simply market the company affiliate membership.
The BankCoin Compensation Plan
Affiliates looking to take part in the company compensation plan are required to sign up and invest into the company.
Company affiliates must buy into BANK points at a rate of purchase from 50¢ to $1.20 per BANK point.
Affiliates are then expected to return their investment points back to the company as a loan with the agreement of a promoted ROI earned daily.
BANK Point Investment
There are 4 BANK point investment plans presented by the company to its affiliates:
- 105% ROI after 7 days
- 300% ROI after 15 days
- 900% ROI after 30 days
- 1575% ROI after 45 days
Affiliates are to invest $50 at a minimum to partake in the 4 plans presented by the company.
Those affiliates with BANK points on loan with the company will have a set number of days to earn a variable daily ROI.
The investment amount an affiliate invests will determine the number of days the daily ROI is paid out by the company:
- $100 to $1000 worth of BANK points = daily ROI plus 0.1% bonus daily ROI for 210 days
- $1001 to $5000 worth of BANK points = daily ROI plus 0.25% bonus daily ROI for 150 days
- $5010 to $10,000 worth of BANK points = daily ROI plus 0.35% bonus daily ROI for 120 days
- $10,001 to $50,000 worth of BANK points = daily ROI plus 0.4% bonus daily ROI for 90 days
- $50,001 or more worth of BANK points = daily ROI plus 0.45% bonus daily ROI for 60 days
The company pays direct referral commissions down to level 2 of sponsorship (unilevel):
- Level 1 (personally sponsored affiliates) – 5%
- Level 2 – 2%
The company uses a binary compensation model to pay residual commissions to its affiliates.
The binary compensation model puts an affiliate onto the top of a binary team, where the next level is divided into a left and right side.
The 1st level of a binary team will hold two positions and the 2nd level of the binary team is made by dividing the first two positions into a further two positions each, creating 4 positions in total on level 2.
Any future levels of the binary team are made as needed, and each new level will hold two times as many positions as the level before it.
The binary team positions are filled through direct and indirect sponsorship of new affiliates.
NOTE: The company does not limit the growth of how deep a binary team may grow to.
The investment volume on both the left and right side of the binary team is added up at the end of each day.
Matched volume on both sides of the binary team is paid out as a percentage by the company:
- Invest $100 to $1000 and receive a 3% residual binary commission
- Invest $1001 to $5000 and receive a 5% residual binary commission
- Invest $5010 to $10,000 and receive a 7% residual binary commission
- Invest $10,001 to $50,000 and receive an 8% residual binary commission
- Invest $50,001 or more and receive a 10% residual binary commission
Lending ROI Referral Commissions
There is only one level of sponsorship needed for Lending ROI referral commissions, as they are paid out as a direct commission by the company to the affiliate.
The percentage rate paid out for commissions from the company is measured by the amount of money was invested:
- Invest $100 to $1000 and receive a 5% lending ROI referral commission
- Invest $1001 to $5000 and receive a 6% lending ROI referral commission
- Invest $5010 to $10,000 and receive a 7% lending ROI referral commission
- Invest $10,001 to $50,000 and receive an 8% lending ROI referral commission
- Invest $50,001 or more and receive a 9% lending ROI referral commission
Cost To Join BankCoin
The cost to join BankCoin as an affiliate is free, although those affiliates with the free membership can only earn commissions on referrals.
If affiliates would like to fully participate in the company and income opportunity, they must invest a minimum of $50 into BANK points.
Verdict on BankCoin
With this company’s catchy name and their compensation plan being so alluring, my verdict on its legitimacy must make you really consider all things involved when making a business decision…
My verdict on this company is that its not a 100% legit, and here’s why…
When it all comes down to it, this is just another altcoin cryptocurrency using BANK instead of something better known to the public, but it’s nothing new and that’s for sure.
Your investment is tied up with the company as a “loan” and it seems like a pretty permanent loan that probably won’t be able to be easily cashed out….
And that’s terrible because sometimes you don’t want your money tied up and stuck in one place, especially if an emergency comes up…
The company says they make ROI revenue through an artificial trading robot that they have, but there’s no proof of this robot and no proof of the money it has made.
This company claims to make almost 1600% ROI per 45 days…but if they are able to honestly make that they wouldn’t be sharing it with you or asking for strangers to come on and join in.
This is a company that’s built on a Ponzi scam, where new affiliate money will be used to up hold the scam and pay out the previous people who fell for the scam.
Once new money and new affiliates stop showing up, this company will not have a long future because the anonymous owners will then be trying to take what they can and run…
My advice? Be careful with this company as you are likely to lose your investment…
I hope you enjoyed my BankCoin review and if you have any questions, please leave them in the comments below…
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