FirstCoin Club Review – Legit Public Trading or Big Ponzi Scam?
Welcome to my FirstCoin Club Review!
There has been some buzz about this latest trading business opportunity so I decided to investigate what it was all about.
There are people calling it a full out scam, while others calling it legit.
So you are wondering who should you listen to?
I know it can be confusing so I am going to present to you the facts and you can make your own decision.
What I need you to next is to pay close attention because I am going to walk you through the company, products and compensation plan so you can decide for yourself!
FirstCoin Club Review – The Company
FirstCoin Club provides no information relating to who actually runs the show behind the scenes…
I decided to investigate further by checking out the FirstCoin Club website domain (“firstcoin.club”) and discovered it was privately registered on July 15th, 2016.
FirstCoin Club website talks about “Dynamic Global Marketing Ltd” but again provides no information about anything really…
I found an address which shows Dubai, however this address belongs to Freemont Group.
If you didn’t know this Freemont Group provide business formation services in Dubai…
In other words the address provided by FirstCoin Club is just a virtual address.
Anyway, not sure why they didn’t want to reveal the leadership/ownership because that’s very important to me when I am choosing a company to join…
FirstCoin Club Reviews – The Products
FirstCoin Club doesn’t offer any retail products or services that can be promoted to retail customers, but you can buy the affiliate membership and promote to get other affiliates in the business…
FirstCoin Club Compensation Plan
You probably were waiting for the compensation plan part weren’t you?
Well let’s face it, this is where you make the money!
Once you join this company, FirstCoin Club affiliates invest firstcoin with the company on the promise of a monthly ROI.
You can also get Referral commissions which are paid when affiliates are sponsored and also invest.
FirstCoin Club affiliates invest in firstcoin and earn a passive 3% to 7.5% monthly ROI.
Note this is all paid in firstcoin…
- Basic – Invest $200 to $1999 in firstcoin and receive a 3% monthly ROI
- Silver – Invest $2000 to $9999 in firstcoin and receive a 5% monthly ROI
- Gold – Invest $10,000 to $24,999 in firstcoin and receive a 7.5% monthly ROI
- VIP – Invest $25,000 or more in firstcoin and receive a 7.5% monthly ROI (plus 10% one-time bonus on amount deposited)
Dubbed “FirstCoin Advertising Mining Shares”, the more an affiliate invests the higher their monthly ROI.
FirstCoin Club pays you 10% referral commissions on firstcoin invested by personally sponsored members.
If you sponsors five affiliates, from the sixth they earn a 20% referral commission rate.
A residual referral commission rate of 7.5% is paid on level 2 downline members.
If you personally sponsor ten or more affiliates who collectively invested at least $5500 in firstcoin, you can receive a share in the Pool Income bonus pool.
The Pool Income bonus pool is made up of 5% of FirstCoin Club investment volume as a whole.
Cost To Join FirstCoin Club
FirstCoin Club affiliate membership is bundled to an investment of firstcoin.
- Basic – Invest $200 to $1999 in firstcoin
- Silver – Invest $2000 to $9999 in firstcoin
- Gold – Invest $10,000 to $24,999 in firstcoin
- VIP – Invest $25,000 or more in firstcoin
The more you invests the higher your income potential in the FirstCoin Club compensation plan.
Now the moment you have been waiting for in this FirstCoin Club review…
Verdict on FirstCoin Club
Honestly, this Firstcoin Club started off rocky and never improved…
Too many red flags with this company…
First, who runs this company and how can they be trusted?
When I am thinking about joining the company the leadership is VERY important.
Second, as of right now, these firstcoins are totally useless outside of this company, so you are putting your money in nothing…
Third, how can they promise those high ROI’s?
Are there any external income sources coming into provide those ROI’s or is it just newly invested funds paying off existing members?
It’s likely the second one…
If Firstcoin Club wants to get their act together, they need to be clear on who they are and how they are making those ROI’s with actual proof to back it up.
Anyway, I hope you enjoyed my Firstcoin Club review and if you have any questions, please leave them in the comments below…
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