Welcome to my IdeaCoin Review!
Want to join an online MLM company, but not sure how to get started?
I know there are so many online businesses out there that want you and your money.
But it can be hard to figure out which ones are legit, and which are money pits…
Before you make your decision to join, you need good facts on the company, and this way of thinking will help you in business decisions and your future goals!
This way you’ll also know your money is in a good company, should you choose to invest!
And how do you get started?
Only good research will help you determine if an online opportunity is a scam or a worthy choice for investment.
In this review, I will help you make that choice by providing you with information on the company history, the company’s products, and the company’s compensation plan…
All of this information here today will help you to start something great!
Or simply avoid a bad investment altogether…
Let’s get started!!
IdeaCoin Review – The Company
When you visit the company’s website, there is no available info on the administrators of the business.
I dug around a bit and found out that the IdeaCoin website domain was registered privately as “ideacoin.co” on the 19th of October in 2017.
IdeaCoin Reviews – The Products
IdeaCoin doesn’t have any services or products for affiliates to sell or purchase.
But anyone wanting to sign up as an affiliate with IdeaCoin can market the company affiliate membership.
The IdeaCoin 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 pre-generated IDEA points at a rate of purchase from 85¢ to $1.05 per IDEA point.
Affiliates are then expected to return their investment points back to the company as a loan with the agreement of a promoted ROI of up to 45% earned monthly.
- Invest $100 to $499 and receive a daily ROI for 240 days
- Invest $500 to $999 and receive a daily ROI plus 0.05% bonus daily ROI for 210 days
- Invest $1000 to $4999 and receive a daily ROI plus 0.1% bonus daily ROI for 180 days
- Invest $5000 to $9999 and receive a daily ROI plus 0.2% bonus daily ROI for 150 days
- Invest $10,000 to $49,999 and receive a daily ROI plus 0.25% bonus daily ROI for 120 days
- Invest $50,000 to $99,999 and receive a daily ROI plus 0.3% bonus daily ROI for 90 days
NOTE: IDEA points earned throughout the company’s ICO cannot then stay in lending with the company.
The company uses a unilevel compensation model to pay referral commissions to its affiliates.
The unilevel compensation model puts an affiliate at the top of a unilevel team, which places any personally sponsored affiliate on level 1 immediately under the original affiliate.
When a level 1 affiliate sponsors new affiliates, they are then put onto level 2 of the original affiliate’s unilevel team.
When a level 2 affiliate sponsors new affiliates, they are then placed onto level 3, and level creation continues like this down a hypothetical never ending amount of levels.
The company pays affiliates investment and lending ROI referral commissions through to level 7 in a unilevel team:
- Level 1 (personally sponsored affiliates) – 8%
- Level 2 – 3%
- Level 3 – 2%
- Levels 4 to 6 – 1%
- Level 7 – 0.5%
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 holds two positions and the 2nd level of the binary team is made by dividing the first two positions into another 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 twice 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 company allows for tracking of investment volume across both the left and right side of the team and adds up the new investment volume a the end of the day.
On both sides of the binary team, when $2500 is matched, a “cycle” has been made in the binary model and there will be a pay out of $100 for every cycle achieved.
Affiliates are able to receive 4 cycle commissions a day, accumulating to $400.
Cost To Join IdeaCoin
The cost to join IdeaCoin 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 $100 in IDEA points.
Verdict on IdeaCoin
Okay, so my last bit of research on IdeaCoin is that this company is using an “Ideabot” to make revenue for their ROI offered and with the research I’ve done, I have found nothing to back this up, so this leaves me to believe that company is not 100% legit.
They say this “ideabot” is self-acting and controlled by artificial intelligence, to make a profitable trading system that can operate 24-hours a day, every day of the week.
The company says:
“At the outset, we were also trading on signals, investing in various funds, ICO. And we lost a lot of money too.”
Now if they have such an amazing piece of software doing precise work that gives them a leg up on other companies, why are they asking for people to join in and invest…
The owners should be making money without the need of others, so I’m guessing this is all a lie, and they need new affiliates to fall for their scam in order to get any money into this false business opportunity.
The only real money trail that can be confirmed is the money coming into the company through the sponsorship of new affiliates, and when those new affiliates invest into the company, their investments are then taken and used to pay already existing affiliates their ROI owed.
So, once the new affiliates stop signing up, the business will begin to lose money and eventually fail as a whole.
But, before total failure, the anonymous administrators will likely take invested funds and run.
My advice? Be careful with this company as you are likely to lose your investment…
I hope you enjoyed my IdeaCoin review and if you have any questions, please leave them in the comments below…
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