New Tycoon Plus Review – Legit Biz Op or Big Scam? Find Out Here…
Welcome to my New Tycoon Plus Review!
There has been a lot of buzz about this new company as it is a revamp of New Tycoon, and knowing this I decided to investigate…
And now that you know this too, you must have some questions that need answers!
Do you just want to know if this company will show you the profits you want, while being something real that you can put your money into?
Well, you are in the right place for those answers!
In my review, I am going to take you through this company history, their products and the compensation plan they’ll use, so you can make the right decision to join or not…
Let’s take our first look at the company!
New Tycoon Plus Review – The Company
The Founders of the company listed on their website include: Richard Tan the Chairman, Michael Burnett the current CEO, Veronica Tan a General Manager and Patrick Liew an Adviser for the company.
These Founders are also shown online to be the Founders for another company called Success Life, centered out of Singapore.
Success Life is at the stage where they are ready to start up a “Success Token” ICO which will commence this following month to come.
The company’s marketing material says that they are:
A fully owned Subsidiary of Success Resources Global Media as Listed on ASX.
The company is listed on the Australian Securities Exchange (ASX) under the name “Success Global Media.”
Success Global Media say they are, “One of the leading global providers of educational resources,” which is mentioned on their website.
Also found on the Success Global Media’s website is an address in Singapore.
When you visit the site, you will be able see and interact in “live seminars and workshops,” as provided through the company’s marketing page for Success Resources.
Here is where this business opportunity basically gets started, as there is an MLM business opportunity found here for selling these seminars and workshops to a sponsored downline team.
The ranking of online traffic provided from Alexa suggests visitors to the company’s website have slowed down significantly.
From advertising material, you will see that there are free “Cryptocurrency investor summit,” events being held around the globe where Tan has been invited to speak.
New Tycoon Plus Reviews – The Products
New Tycoon Plus doesn’t have any products or services for affiliates to sell for retail purposes or purchase for personal use.
But anyone wanting to sign up as an affiliate with New Tycoon Plus can market the company affiliate membership.
The New Tycoon Plus Compensation Plan
Affiliates looking to take part in the company compensation plan are required to sign up and invest into the company.
Company affiliates are to invest bitcoin with the agreement of a promoted earnings rate of 128% ROI per 7-month maturity period:
- 12MP – Invest $1200 and receive $1536
- 50MP – Invest $5000 and receive $6400
- 100MP – Invest $10,000 and receive $12,800
When your investment has reached maturity, company affiliates receive Success Tokens equalling 5% of their original investment.
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 12, where commissions that are paid out will be done so as a percentage of capital (funds) invested among those 12 levels:
- Level 1 (personally sponsored affiliates) – 10%
- Levels 2 and 3 – 4%
- Levels 4 to 6 – 3%
- Levels 7 and 8 – 2%
- Levels 9 to 12 – 1%
Cost To Join New Tycoon Plus
The cost to join New Tycoon Plus as an affiliate is a $50 membership, which includes a $1200 investment in bitcoin at a minimum.
Verdict of New Tycoon Plus
Good job, you’ve made it past the core details of my review, and now I can share a few last words about the company with you…
Now I can say after sharing my research with you, I do not think this company is 100% legit…
So, starting with the up-to-date facts, we can use the details given to us from Alexa and the current flow of visitor traffic to the company website.
And, it ain’t pretty…we can see that there has been a significant decline in visitors to the website.
One can take this info and assume that this is probably why the Cryptocurrency investor summit was free to attend for potential investors.
Moving along, we can see that the company is listing cryptocurrency mining as a guaranteed ROI revenue stream to generate its funds for ROI payments.
However, there is no proof given by the company that any mining for cryptocurrency has even taken place…
The only closely related details to link this company to cryptocurrency mining that are provided are some stock images presented in their marketing material of GPU and ASIC miners…
I know a picture can say 1000 words, but a lot more details need to be provided here if this company really wants money from anyone.
When we just forget everything else and just look at the company’s business model, we can see that it itself does not make any sense at all…
Mining cryptocurrency does not really work in fixed monthly returns, this market really fluctuates, so I am not sure how they are advertising a guaranteed 4% monthly ROI to its potential investors.
Since no one is buying “live seminar” tickets, we only have one source of income left and that would be new affiliate investment.
That would mean this company is taking new affiliate investments and using it to pay out prior members their owed ROI, and if the company is partaking in such steps, this would mean the company would be considered to be a Ponzi scan and not a legitimate business.
My advice? Be careful with this company as you are likely to lose your investment…
I hope you enjoyed my New Tycoon Plus review and if you have any questions, please leave them in the comments below…
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