Secular Coin Review – Legit Business or Huge Scam? Find Out Here…
Welcome to my Secular Coin Review!
Want to join an online MLM company, but have no idea where to start?
Or simply want to avoid a bad investment all together?
Only research will help you determine if an online opportunity is a scam or a worthy choice for investment.
I know there are so many online businesses available to join and it can be hard to figure out which ones are good quality companies.
But, with all the information you find here today, I will be able to help you start something great!
In this review on Secular Coin, I will help you learn more about the company history, the company’s products, and the company’s compensation plan…
Let’s get started together!!
Secular Coin Review – The Company
When you visit the company’s website, there is no info on who the official CEO of the company is or any other administrative positions.
So, I dug around a bit and found out that the Secular Coin website domain was registered privately as “secularcoin.co” on the 12th of December in 2017.
Secular Coin Reviews – The Products
Secular Coin doesn’t have any products or services for affiliates to purchase or sell.
But anyone wanting to sign up as an affiliate with Secular Coin can market the company affiliate membership.
The Secular Coin 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 SECU points at a rate of purchase from 60¢ to $1.00 per SECU point.
Affiliates are then expected to return their investment points back to the company as a loan with the agreement of a promoted ROI rate up to 48% earned monthly.
- Invest $100 to $1000 and receive a monthly ROI for 180 days
- Invest $1001 to $5000 and receive a monthly ROI plus 0.15% bonus daily ROI for 150 days
- Invest $5001 to $10,000 and receive a monthly ROI plus 0.25% bonus daily ROI for 120 days
- Invest $10,001 to $100,000 and receive a monthly ROI plus 0.3% bonus daily ROI for 90 days
The company uses a unilevel compensation model to pay out 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 underneath 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 levels continue to be created like this down a hypothetical never ending amount of levels.
The company currently caps payable unilevels at level 10.
The percentage rate paid out for commissions from the company is measured by the amount of money invested with unilevel team affiliates among these 10 levels:
- Level 1 (personally sponsored affiliates) – 7%
- Level 2 – 3%
- Levels 3 and 4 – 1%
- Level 5 – 0.5%
- Level 6 – 0.3%
- Level 7 – 0.2%
- Levels 8 to 10 – 0.1%
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.
Level 1 of the binary team will hold two positions and level 2 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
The company adds up new investment volume totals daily in the binary team, including both the left and right sides of the team.
- If matched investment volume equals $100,000 or less, a 3% residual commission is paid out
- If matched investment volume equals more than $100,000, a 4% residual commission is paid out
The matched volume is cleared once the company has paid out, then any surplus volume is brought over from the stronger binary side to the next day.
Cost To Join Secular Coin
The cost to join Secular Coin 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 in SECU points at a minimum of $100.
Verdict on Secular Coin
So, we’ve made it to the end of the review, and I would have to say I do not think this company is 100% legit…
This company presents an opportunity to join yet another ICO lending scheme to those willing to fall for it…
There is a small reference to the company’s “magic power of the cryptocurrency revolution” to explain how the company earns external ROI revenue.
But the only real source of money coming into the business that is verifiable is the new affiliates’ investments coming in.
So, what you really have is the administrators of this company selling you worthless SECU pre-generated points for cash.
Then they go on to make empty promises about you being able to earn ROI, which is just money which was taken from a new affiliate investment.
Really when new sponsorship slows down or stops, so will the scam and this company will fold taking whatever funds they can with them…
And because the administrators are anonymous, you can’t retrieve any cash back.
My advice? Be careful with this company as you are likely to lose your investment…
I hope you enjoyed my Secular Coin review and if you have any questions, please leave them in the comments below…
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