NasdaCoin Review – Biggest Scam Of 2018 Or Legit? Find Out Here…
Welcome to my NasdaCoin Review!
It’s possible you’ve already heard about this company from a close friend, Facebook or another social media outlet.
Or maybe it’s the first time you’re seeing their name because they are so new…
But either way, you’re here because you want to learn more about the company, right?
Luckily, you’ve ended up at the right spot!
I always tell anyone looking to join an online business that the secret to success is knowing what you are getting yourself into!
The only way to be sure that you are choosing the right company for you, is by doing as much research as you possibly can, before jumping in!
In my review we’ll go over the company history, the products they offer, and their promoted compensation plan that you soon could be a part of!
Let’s get going with my review!
NasdaCoin Review – The Company
The company names John Baptist as the co-founder of the business, as printed in their company whitepaper.
Now the Facebook profile for Baptist says he is currently living in Suriname, South America, although he is originally from Brazil.
The company’s other co-founder(s) remain unlisted by the company.
But there were some details found through posts made on Baptist’s Facebook profile that hints those co-founder(s) could be from Thailand or Dubai.
Mr. Baptist does seem to have a long career in the MLM industry, with a history in many MLM businesses, such as 4 Corners Alliance Group, SwissGolden, DFRF Enterprises, and Game Loot Network.
The company’s marketing material says that Baptist is a “blockchain developer”.
NasdaCoin Reviews – The Products
NasdaCoin doesn’t have any products or services for affiliates to purchase or sell.
But anyone wanting to sign up as an affiliate with NasdaCoin can market the company affiliate membership.
The NasdaCoin Compensation Plan
Affiliates looking to take part in the company compensation plan must sign up and invest into the company.
Company affiliates must invest with cryptocurrency funds in exchange for pre-generated NSD points from the owners of the company.
Points are offered at a rate of purchase of 99¢ per NSD point.
Affiliates are then expected to return their investment points back to the company as a loan with the agreement of a promoted rate of ROI at 300%.
- Invest $100 to $1000 and receive a daily variable ROI
- Invest $1100 to $5000 and receive a daily variable ROI plus 0.1% bonus
- Invest $511 to $10,000 and receive a daily variable ROI plus 0.2% bonus
- Invest $10,100 to $50,000 and receive a daily variable ROI plus 0.25% bonus
- Invest $50,100 to $100,000 and receive a daily variable ROI plus 0.3% bonus
NOTE: When company investments reach 300% or 365 days (whichever comes first), all investments will then expire.
The company uses a unilevel compensation model to pay out referral commissions to its affiliates.
The unilevel compensation model puts an affiliate at the top of a unilevel team that places any personally sponsored affiliate on level 1 right underneath the original affiliate.
When a level 1 affiliate sponsors new affiliates, they are then put onto level 2 of the original affiliate’s unilevel team.
When a level 2 affiliate sponsors new affiliates, they are then placed onto level 3, and levels continue to be created like this down a hypothetical never ending amount of levels.
Payable unilevel levels are capped at Level 7, and the company will payout a referral commission of 1%.
The company uses a binary compensation model to pay residual commissions to its affiliates.
The binary compensation model puts an affiliate onto the top of a binary team, where the next level is divided into a left and right side.
The 1st level of a binary team will hold two positions and the 2nd level of the binary team is made by dividing the first two positions into a further two positions each, creating 4 positions in total on level 2.
Any future levels of the binary team are made as needed, and each new level will hold 2X as many positions as the level before it.
The binary team positions are filled through direct and indirect sponsorship of new affiliates.
NOTE: The company does not limit the growth of how deep a binary team may grow to.
Point generation is how the residual commission is determined.
An investment of $100 will produce 1 point, per side of the binary team.
The company will add up new investments made on the left and right side of the binary team at the end of day, everyday.
Company affiliates earn a 10% residual commission centered on the points produced on the weaker side of the binary team.
NOTE: There is a daily residual commission cap enforced at $10,000 in earnings for all company affiliates.
Cost To Join NasdaCoin
The cost to join NasdaCoin as an affiliate is free, although those affiliates with the free membership can only earn commissions on referrals.
If affiliates would like to fully participate in the company and income opportunity, they must invest a minimum of $100.
Verdict of NasdaCoin
Great news, you’ve made it to the end of my review, and now I can share with you my last thoughts on the company and explain why I do not think this company is 100% legit…
This company falls into the category of lending ICO Ponzi scams.
In the past, Baptist was involved in BitConnect, and NasdaCoin seems to be a duplicate of that company, with the exception that he is now claiming to be in association with the NASDAQ stock exchange.
Baptist goes on to say:
“Our investment program offers the possibility of obtaining up to 25% profit + a fixed daily bonus according to the value invested in the community.
This profit is paid daily in USD.”
So, what is actually happening here?
The company gets new affiliates to invest and then takes those new investments and uses it to payout ROI owed to prior affiliates.
And no matter how you put it, that’s how a Ponzi scam operates.
On top of that, the company adds another layer of deception, in the form of a pyramid scam…
The pyramid scam occurs when the company offers referral and residual binary commissions as part of potential earnings one could make with this company.
The company says those whom purchase NSD points will make money, but those owners of the NSD points will find no value in these points outside of this company.
The typical “decentralized” statement about their points is nothing new and it’s a typical method for owners to use to build confidence in their ‘product’.
However, the company goes on to say it can offer you a 40-day period to make your investment double:
“Due to the great potential of the Affiliate System, we expect a minimum valuation between 100% and 200% in the first 40 days.”
When you take a step back and look at what’s really happening here, you will see that NSD was invented as something tangible to offer while you hand over your real, hard-earned money.
Investors may think this is a fair trade or believe they are getting more than what they initially invested after 40 days…
Due to underlying shadiness, you most likely won’t be getting anything close to your investment back.
My advice? Be careful with this company as you are likely to lose your investment…
I hope you enjoyed my NasdaCoin review and if you have any questions, please leave them in the comments below…
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