Welcome to The ChampCoin Review!
I’ve been seeing some online buzz about this company lately, so it’s time for another review!
Choosing to join an online business is a big decision and you want to make sure that your money is in good hands, right?
Well, one of the best ways to determine if an online business is legit is by thoroughly researching it.
The fact that you are here reading this blog means you’re taking a step in the right direction and doing your due diligence!
This review will cover the company background, the products and the compensation plan offered by The ChampCoin.
So let’s get to it!
The ChampCoin Review – The Company
Although this company claims they are “open and honest in our dealings”, The ChampCoin website does not provide any information about who owns or operates the business.
The ChampCoin website domain was registered privately as “thechampcoin.com” on the 25th of January, 2017.
A little more digging found The ChampCoin marketing presentations which identified Mahesh Verma as the founder of the company.
Verma’s LinkedIn profile reveals that he is based out of Haryana, India.
Before launching The ChampCoin, Verma started a company called ChampCash.
Affiliates of ChampCash are paid to install apps.
Every install earns a referral commission, which ChampCash then shares with its affiliates through an MLM compensation plan.
Online traffic estimates for the ChampCash website show a brief increase in interest in late 2016, but was then followed by a sharp decrease throughout 2017, which is likely why The ChampCoin was launched.
The ChampCoin Reviews – The Products
The ChampCoin does not have any retail products or services.
Affiliates who join The ChampCoin simply market the affiliate membership.
The ChampCoin Compensation Plan
The ChampCoin affiliates who want to take part in the compensation plan are required to invest in ChampCoin points for an advertised 9% ROI every 6 months.
ChampCoin is not a publicly traded currency and is only available through The ChampCoin app.
Affiliates trade ChampCoin through the app and new affiliates who sign up are required to buy 50 ChampCoin from the company at the current rate.
The ChampCoin company assigns the value per ChampCoin.
Affiliates in The ChampCoin earn commissions through a unilevel compensation structure when they sponsor new affiliates.
A unilevel compensation structure puts an affiliate at the top of a unilevel team that places each personally sponsored affiliate immediately under them on level 1.
When a level 1 affiliate sponsors new affiliates, they are put on the second level of the original affiliate’s unilevel team.
When a level 2 affiliate sponsors new affiliates, they are put on the third level, and this continues on down as many levels are are needed.
Payable unilevel levels are capped by ChampCoin at 10, and commissions are paid in ChampCoin per affiliate sponsored on each level like so:
- Level 1 (personally sponsored affiliates) – 7 ChampCoin per affiliate sponsored
- Level 2 – 5 ChampCoin per affiliate sponsored
- Levels 3 to 7 – 4 ChampCoin per affiliate sponsored
- Levels 8 and 9 – 3 ChampCoin per affiliate sponsored
- Level 10 – 2 ChampCoin per affiliate sponsored
Monthly ChampCoin ROI
If affiliates meet the following set recruitment qualification criteria, they also earn ChampCoin every month like so:
- Bronze (sign up as a The ChampCoin affiliate) – no monthly ChampCoin ROI
- Silver (have 50 affiliates on level 1, 100 on level 2 and 150 on level 3 of your unilevel team) – 25 ChampCoin per month
- Gold (maintain Silver and have 1500 affiliates on level 4 of your unilevel team) – 100 ChampCoin per month
- Platinum (maintain Gold and have 12,000 affiliates on level 5 of your unilevel team) – 250 ChampCoin per month
- Diamond (maintain Platinum and have 25,000 affiliates on level 6 of your unilevel team) – 500 ChampCoin per month
- Crown Diamond (maintain Diamond and have 50,000 affiliates on level 7 of your unilevel team) – 2000 ChampCoin per month
These recruitment quotas must be “active affiliates”.
There isn’t any specific information about what constitutes an active affiliate within The ChampCoin.
Cost To Join The ChampCoin
The cost to join The ChampCoin as an affiliate is free, but affiliates are required to buy 50 ChampCoins from the company in order to take part in the compensation plan.
The ChampCoin website does not provide the current value of ChampCoin.
Verdict on The ChampCoin
Companies that offer cryptocurrency with a value that is set by the company and is not traded publicly are companies that should be approached with caution…
A cryptocurrency that has no value outside of the company presents one fundamental problem…
If the company collapses, you will lose all of your investment…
Another problem here is that the company does not have any real products or services to offer…
They rely solely on recruiting new affiliates to bring in new income….
But when recruitment dies down, so will the income…
And that is when these types of companies tend to shut down…
So, if you are considering joining this company, just keep that in mind…
I hope you enjoyed The ChampCoin review and if you have any questions, please leave them in the comments below…
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