GiraCoin Review – Legit Business or Big Scam? You Will Learn Today!
Welcome to my GiraCoin Review!
With so many MLM companies out there, it can be difficult to know which ones are legit and which ones aren’t.
The best thing you can do is research each company before investing, so I am glad you are here!
In this review, I will provide information on the company, its products and its compensation plan.
So without further ado, let’s dig in!
GiraCoin Review – The Company
I wasn’t able to find any information on the company website about who owns or operates GiraCoin.
It looks like it is owned by Gira Financial Group AG, which appears to be based out of Switzerland.
I was able to find a website belonging to Gira Financial Group AG, but as of right now it is only a contact form.
Registered on June 5th, 2016, the GiraCoin website domain, “giracoin.com”, lists Ramon Simon as the owner and provides an address in Hergiswil, Switzerland.
A little more digging and I found that GiraCoin affiliates mention that Ramon Simon is the owner of GiraCoin.
I’m not sure why the GiraCoin website does not provide this information.
As I always say, if a company is not completely upfront and transparent about who owns or operates the business, you should think twice before investing your money.
Okay, so now we know a little about the company, let’s get into the products.
GiraCoin Reviews – The Products
GiraCoin does not offer any retail products or services.
Affiliates who join GiraCoin can only market and sell the affiliate membership.
The GiraCoin Compensation Plan
GiraCoin affiliates participate in a compensation that requires an investment with a passive ROI in return.
Affiliates can also receive payment by sponsoring new GiraCoin affiliates who also invest.
An investment into one or more of the 8 GiraCoin token packages allows affiliates to obtain tokens as follows:
- Starter – invest €50 EUR and receive 500 tokens
- Professional – invest €120 EUR and receive 1200 tokens
- Consultant – invest €550 EUR and receive 5500 tokens
- Expert – invest €1200 EUR and receive 12,000 tokens
- Broker – invest €3000 EUR and receive 30,000 tokens
- Manager – invest €6000 EUR and receive 65,000 tokens
- Principal – invest €9000 EUR and receive 100,000 tokens
- Executive – invest €13,000 EUR and receive 150,000 tokens
- Director – invest €26,000 EUR and receive 300,000 tokens
- President – invest €33,333 EUR and receive 400,000 tokens
- Ruler – invest €111,111 EUR and receive 1,400,000 tokens
These tokens are then converted into GiraCoins based on a value dictated by GiraCoin itself.
There is also a referral commission of 10% that is paid out when personally sponsored affiliates also invest in GiraCoin tokens.
There are also residual commissions that are paid out through a uni-level compensation structure.
What is a uni-level compensation structure?
It’s a structure that puts an affiliate at the top of a uni-level team which then places every personally sponsored affiliate thereafter directly under them at level 1.
When these level 1 affiliates bring in new affiliates, they are put on level 2 of the first affiliate’s uni-level team.
This format continues down level 2 and level 3 and so on, down however many levels are needed.
Payable uni-level levels in GiraCoin are capped at eleven, and commissions are paid out to affiliates as a percentage of the funds that are invested across the eleven levels as follows:
- Level 1 (Personally sponsored affiliates) – 5%
- Level 2 – 10%
- Level 3 – 15%
- Level 4 – 16%
- Level 5 – 10%
- Level 6 – 9%
- Level 7 – 5%
- Level 8 – 4%
- Level 9 – 3%
- Level 10 – 2%
- Levels 11 to 20 – 1%
The 5% payable commission on level 1 is paid along with the the 10% direct commission.
GiraCoin also offers a Partner Bonus to its affiliates.
It is an extra percentage bonus that is paid out on the investments by personally sponosred affiliates.
The exact percentage amount that is paid out depends on how much an affiliate’s personally sponsored affiliates have invested.
- €240 EUR invested = 1%
- €800 EUR invested = 2%
- €6400 EUR invested = 4%
- €9600 EUR invested = 6%
- €24,000 EUR invested = 8%
- €40,000 EUR invested = 10%
- €96,000 EUR invested = 12%
- €224,000 EUR invested = 14%
- €480,000 EUR invested = 16%
- €800,000 EUR invested = 18%
- €4,800,000 EUR invested = 20%
World Pool Bonus
Another GiraCoin bonus is the World Pool Bonus.
This bonus is a percentage of the total funds that are invested by GiraCoin affiliates.
Affiliates can get shares in these pools are obtained by meeting the following qualification criteria:
- Silver Pool (1%) – have a total down-line investment volume of €80,000 EUR and have recruited at least one affiliate who has invested in a Principal package (€9000 EUR)
- Platinum Pool (2%) – have a total down-line investment volume of €200,000 EUR and have recruited at least two affiliates who have invested in Executive packages (€13,000 EUR each)
- Gold Pool (3%) – have a total down-line investment volume of €400,000 EUR and have recruited at least three affiliates who have invested in Director packages (€26,000 EUR each)
- Sapphire Pool (4%) – have a total down-line investment volume of €800,000 EUR and have recruited at least four affiliates who have invested in President packages (€33,333 EUR each)
- Emerald Pool (5%) – have a total down-line investment volume of €4,000,000 EUR and have recruited at least five affiliates who have invested in Ruler packages (€111,111 EUR each)
- Ruby Pool (6%) – have a total down-line investment volume of €8,000,000 EUR and have recruited at least one affiliate who has qualified for a share in the Emerald Pool
- Red Diamond Pool (7%) – have a total down-line investment volume of €40,000,000 EUR and have recruited at least one affiliate who has qualified for a share in the Ruby Pool
- Champion Pool (8%) – have a total down-line investment volume of €80,000,000 EUR and have recruited at least one affiliate who has qualified for a share in the Red Diamond Pool
Cost To Join GiraCoin
The cost for a GiraCoin affiliate membership is €30 EUR.
In order to fully participate in the GiraCoin compensation plan, affilaites are also required to invest in one of the following token packages:
- Starter – €50 EUR
- Professional – €120 EUR
- Consultant – €550 EUR
- Expert – €1200 EUR
- Broker – €3000 EUR
- Manager – €6000 EUR
- Principal – €9000 EUR
- Executive – €13,000 EUR
- Director – €26,000 EUR
- President – €33,333 EUR
- Ruler – €111,111 EUR
GiraCoin Review – The Verdict
GiraCoin compared themselves to Bitcoin…
You’ve probably heard of Bitcoin. So far, its enormous rise in value has been unique. But, without the necessary computer acumen, it wasn’t possible to get in at the start.
That’s where Giracoin comes in. It provides partners with its own whollyowned mining platform.
The problem with GiraCoin is that they are USELESS outside of this company unlike BitCoin.
The value of GiraCoin claims to get higher, that’s because affiliates are investing bucket loads of money in it.
However, once those affiliates stop investing, the value will come to a halt and drop.
They are claiming that by 2017 they will launch GiraBuy, which is an eCommerce platform that will be filled with third-party merchants.
The problem with it is no legit merchants are going to accept this…
Most of these Cryptocurrency companies out side of BitCoin just eventually go under due to lack of investments…
None of them take the external income source route outside of the affiliates for some reason…
Anyway, I personally don’t recommend this!
I hope you enjoyed my GiraCoin review and if you have any questions, leave them in the comments below…
Jesse What Do You Recommend?
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