BowlaCoin Review – (2019) Crypto Blockchain and Bowling MLM?
Welcome to my BowlaCoin Review!
This is probably the weirdest network marketing idea yet, however, you know the saying right?
“Don’t judge a book by it’s cover”.
Chances are someone probably approached you about this cryptocurrency MLM company and you landed here to make sure it’s legit.
The good news is I am going to walk you through the company, products and compensation plan so you can make the right decision.
Just make sure you PAY close attention to what I am going to say and read this to the end…
But seriously, bowling and crypto?
What is BowlaCoin
BowlaCoin is a free app you can download where you can setup your profile and get access to tournaments, challenge friends, rewards, license pack, restaurant guide, crypto wallet and more.
You can receive their infamous BAC which is pretty much their altcoin (like Bitcoin I guess).
How do you get BAC?
Great question, you can get this buy playing the games that come with Bowlacoin app.
From there, you can spend your coins in the restaurants and bowling alleys connected to their online service.
BowlaCoin Review – The Company
Alright now that we got their sales angle out of the way, let’s dig into more important information…
BowlaCoin specializes in the cryptocurrency MLM niche and seems to be based out of Sweden.
Michael Petersen is the founder and CEO of the company.
According to his corporate bio, he’s
a committed person with strong passion for Bowling and have been in the industry from the age of six, I played myself up to the Danish national team, and won many competitions in Denmark, Sweden and Germany, later in life I decided to start my own bowling alley from the bottom, so built by myself the lanes, score system and everything.
Now I see a new generation in the industry and I want to be the first to bring blockchain technology into the market.
Crazy inspiration right?
I should merge my racing hobby to this new generation…
Oh wait they do have racing video games, damn it…
Anyway, Petersen is attempting to merge bowling with blockchain.
Before BowlaCoin, Petersen was promoting FutureNet and DasCoin which both ended up being ponzi schemes.
Even though I thought this company was run out of Sweden initially, looks like its probably in the Philippines where Petersen is based out of.
Another interesting thing I found out was they used the same address by TeamConnect.
A link to TeamConnect’s website also has BowlaCoin’s official compensation plan document.
TeamConnect seems to use BAC which is interesting…
Another thing I noticed was the BowlaCoin affiliate rank qualification had Global Daily Pro matrix tiers appear.
That is a company I did a review on not too long ago, check it out below:
TeamConnect also cites Global Daily Pro an official partner…
In other words, it’s possible that Petersen owns both companies.
Let’s keep going in this BowlaCoin review…(Pay attention now)
With all LEGIT network marketing companies, they lead with the product which is unique to the company.
If the product is good enough, it just sells itself…
Now BowlaCoin on the other hand has no retail products or services.
You can become an affiliate and promote their membership which is cool and all, but no products?
BowlaCoin Compensation Plan
Show me the money right?
For some reason, BowlaCoin has a butt load of information in this department.
Their main deal is to get you BAC’s which can be exchanged internally by the company.
Right now 1 BAC Point = $1.
They are not publicly traded sooo….just keep that in mind.
Now as an affiliate you can invest directly in “game tokens”, which are then used to get some BAC points.
- Member – $5 a month for 1000 game tokens
- Basic – $35 annually for 5000 game tokens
- Advance – $85 annually for 10,000 game tokens
- Partner – $250 annually for 25,000 game tokens
- Business – $1000 annually for 50,000 game tokens
- Royal – $3500 annually for 100,000 game tokens
BAC points can be earned by using TeamConnect and Bowling at partnered bowling alleys which don’t exist right now…
Come on Petersen!
I thought you loved Bowling!
You don’t even have a Bowling alley?
If you want to crush the compensation plan, you gotta rank up!
BowlaCoin has ten ranks you can hit and below is the breakdown on how to achieve…God speed…
- Agent – Invest in a Basic or higher license, generate $1000 in investment volume from personally recruited affiliates and $500 on both sides of the binary team
- Senior Agent – Invest in an Advance or higher license, qualify for the $10 Global Daily Pro matrix, have one Agent on both sides of the binary team, personally generate $2000 in investment volume and $5000 in total downline investment volume
- Managing Agent – Maintain an Advance or higher license, have one Senior Agent on both sides of the binary team, personally generate $5000 in investment volume, $20,000 in total downline investment volume and $3000 in weaker binary team investment volume
- Bronze Agent – Invest in a Partner or higher license, have one Managing Agent on both sides of the binary team, personally generate $7000 in investment volume, $50,000 in total downline investment volume and $15,000 in weaker binary team investment volume
- Silver Agent – Maintain a Partner or higher license, qualify for the $400 Global Daily Pro matrix, have one Bronze Agent on both sides of the binary team, personally generate $10,000 in investment volume, $100,000 in total downline investment volume and $25,000 in weaker binary team investment volume
- Gold Agent – Invest in a Business or higher license, qualify for the $1000 Global Daily Pro matrix, have two Silver Agents on both sides of the binary team, personally generate $15,000 in investment volume, $100,000 in total downline investment volume and $50,000 in weaker binary team investment volume
- Sapphire Agent – Maintain a Business or higher license, have two Gold Agents on both sides of the binary team, personally generate $25,000 in investment volume, $250,000 in total downline investment volume and $100,000 in weaker binary team investment volume
- Ruby Agent – Invest in a Royal or higher license, qualify for the $2500 Global Daily Pro matrix, have three Sapphire Agents on both sides of the binary team, personally generate $50,000 in investment volume, $800,000 in total downline investment volume and $200,000 in weaker binary team investment volume
- Emerald Agent – Maintain a Royal or higher license, have three Ruby Agents on both sides of the binary team, personally generate $125,000 in investment volume, $2,000,000 in total downline investment volume and $500,000 in weaker binary team investment volume
- Diamond Agent – Maintain a Royal or higher license, have three Emerald Agents on both sides of the binary team, personally generate $250,000 in investment volume, $10,000,000 in total downline investment volume and $2,000,000 in weaker binary team investment volume
BowlaCoin affiliates can pay an annual fee to increase their monthly BAC returns…
Sounds totally legit…
- Basic tier affiliates pay $100 to receive up to 10% a month
- Advance tier affiliates pay $100 to receive up to 10% a month or $200 to receive up to 15%
- Partner tier affiliates pay $300 to receive up to a 20% a month or $1500 to receive up to 25%
- Business tier affiliates pay $300 to receive up to 20% a month, $1500 to receive up to 25% or $5000 to receive up to 30%
- Royal tier affiliates pay $300 to receive up to 20% a month, $1500 to receive up to 25%, $5000 to receive up to 30% or $10,000 to receive up to 35%
BowlaCoin pays referral commissions in a unilevel compensation plan
They cap their unilevel at 10 levels deep.
Below is the commissions paid on the investments of referrals:
- Level 1 (Personally sponsored affiliates) – 20%
- Level 2 to 10 – 2%
BowlaCoin pays residual commissions through a binary compensation plan structure.
These positions can be filled directly or indirectly by team members.
Most binary compensation plans add up all the investment volume either daily or weeks and pays you on the lesser leg.
BowlaCoin decided not to disclose that information, but you get paid 10% on the lesser leg.
Just not sure if it’s daily or weekly…or ever…
On top of the main perks of this compensation plan, you can also get a binary and unilevel bonus, matching bonus and rank achievement bonus.
Cost To Join BowlaCoin
BowlaCoin will run you the following:
- Member – $5 a month
- Basic – $35 annually
- Advance – $85 annually
- Partner – $250 annually
- Business – $1000 annually
- Royal – $3500 annually
Main difference between the packages is income potential…
So does the BowlaCoin scam exist?
I mean, they have a real office…
And after bowling, you can take a dip in their pool…
Okay on a serious note…
BowlaCoin launched without any partnered bowling alleys…
After we open the first 3 bowling alleys ourselves, then we start franchising the concept and selling software license to other bowling alleys.
There will be two ways to purchase our software license:
1. Franchising a Bowl A Coin bowling alley
2. An existing bowling alley may upgrade their software license to ours.
Owning your own Bowl´A´Coin alley: Each member of Bowl´a´Coin can apply for financial assistance for their own bowling alley.
Bowl’a’Coin will determine their level of assistance based on specific criteria.
Talk is cheap if you ask me…
They should have launched with everything in place…
Here it’s where it gets real messy…
ROI booster makes this offering securities…
To offer securities, you must register with some kind of financial regulator.
BowlaCoin at the time of this reviews hasn’t registered with any…
Plus these BAC points are useless outside the company and are internally making up the value.
How does that sound legit to you?
Because of that, I can’t recommend this company to anyone in my humble opinion.
It’s a Ponzi scheme…
I hope you enjoyed my BowlaCoin review and if you have any questions about the company, please comments below…
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