CoinXL Review – Legit Biz Op or Just Another Scam? Find Out Here…
Welcome to my CoinXL Review!
Wading through all the online scam companies to find a legit one can be difficult to do…
You work hard for your money and you want to be sure it’s in good hands and will give you the best ROI.
So, how can you be sure you are joining the right company?
Learn as much as you possibly can before jumping in.
My review will cover all the basics and more, including the company background, the products and the compensation plan.
So read on to learn more!
CoinXL Review – The Company
CoinXL does not provide any information on their website about who owns or operates the business.
The CoinXL website domain was registered privately as “coinxl.com” on the 4th of June, 2017.
A little more research revealed that Brad Cook is listed as part of CoinXL’s “leadership” team.
Other than that, it isn’t clear exactly what Cook’s specific role is within CoinXL.
Brad Cook first came upon the MLM scene as the CEO of NexxStars.
NexxStars was a company that was launched in 2014, but collapsed the following year.
Other companies that Cook has been involved in include National Safety Associates, Smart Travel and Enliven.
CoinXL Reviews – The Products
CoinXL does not have any retail products or services to offer.
Affiliates can only market the CoinXL affiliate membership.
The CoinXL Compensation Plan
CoinXL affiliates must invest bitcoin for a promised 1% daily ROI for 150 days.
- L1 – Invest 0.100175 BTC and receive a 0.15 BTC ROI
- L3 – Invest 0.300525 BTC and receive a 0.45 BTC ROI
- L5 – Invest 0.5000875 BTC and receive a 0.75 BTC ROI
- XL1 – Invest 1.0175 BTC and receive a 1.5 BTC ROI
- XL2 – Invest 2.035 BTC and receive a 3 BTC ROI
- XL4 – Invest 4.07 BTC and receive a 6 BTC ROI
- XL5 – Invest 5.0875 BTC and receive a 7.5 BTC ROI
Referral commissions are earned on invested funds by sponsored affiliates and are paid and tracked through a binary compensation structure.
This type of compensation structure puts an affiliate at the top of a binary team that splits into a left and right side.
Level 1 of the binary team holds two positions and level 2 is created by adding another 2 positions under each of the first two positions, for a total of 4 positions.
Additional binary team levels are created as needed, with every new level holding twice as many positions as the level above it.
Binary team positions are filled through direct and indirect sponsorship of affiliates, with no current limit as to how far a binary team can grow.
CoinXL counts up new investment volume on each side of the binary team at the end of every day.
Affiliates earn a percentage on the funds that are generated on the weaker binary side, which is based on how much they have invested:
- LL05 – 5% binary commission capped at 0.1 BTC a day and/or 3 BTC/month
- L1 – 6% binary commission capped at 0.2 BTC a day and/or 6 BTC/month
- L3 – 7% binary commission capped at 0.6 BTC a day and/or 18 BTC/month
- L5 – 9% binary commission capped at 0.1 BTC a day and/or 30 BTC/month
- XL1 – 11% binary commission capped at 2 BTC a day and/or 60 BTC/month
- XL2 – 13% binary commission capped at 4 BTC a day and/or 120 BTC/month
- XL4 – 15% binary commission capped at 8 BTC a day and/or 240 BTC/month
- XL5 – 20% binary commission capped at 10 BTC a day and/or 300 BTC/month
Cost To Join CoinXL
The cost to join CoinXL as an affiliate is an investment of between 0.100175 and 5.0875 BTC.
Income potential in the company compensation plan increases the more an affiliate invests.
There is also an LL05 affiliate membership option that costs 0.05000875 BTC, but these affiliates do not receive a daily ROI payout.
Verdict on CoinXL
As I’ve seen so many times before…
This company is another one of those “invest and earn more back just by sitting around doing nothing”…
It doesn’t take much thought to realize that this is probably too good to be true….
With no real products or services to offer…
There isn’t anything to attract retail customers who can provide repeat business…
So, in order to propel the business forward, they rely on continuously recruiting new members who will invest….
But when these recruitment numbers slow down, so will income and ROI payouts…
Which means that this company likely won’t last long…
So, join at your own risk…
I hope you enjoyed my CoinXL review and if you have any questions, please leave them in the comments below…
Attention Marketers And People Looking For A Business Online…
If you are struggling online and want to finally succeed with actual training, tools and mentorship to get you there…
You can’t afford to NOT watch to watch it because it will take your game to the next level…
Take a look at my recent results below….
Take a look at my students below…
If they can do it so can YOU.
You will thank me later 🙂
Follow me on Social media below:
Add Me On SnapChat:
Snap Chat I.D: MillDrive
See you at the top,
P.S. Sign up for my news letter below and transform your life (serious people only…)