Nexxus University Review – Legit Opportunity or Scam?
Welcome to my Nexxus University Review!
There has been some buzz about this brand new company, so I decided to find out what it was all about…
You are here because you just want to make sure Nexxus University is actually legit right?
The good news is you are doing your research which is awesome…
So many people jump in with hype and then get burned.
In this blog post, I am going to walk you through the company, the products and compensation plan so you can make the right decision.
Find out if this is legit or a scam!
Nexxus University Review – The Company
Nexxus University came out when GCR Marketing pretty much took a crap…
Global Coin Reserve was originally launched in 2014 where members had to pay up to $2999.95 per month and got commissions when they recruited people into this business.
Bob Wood came on board and pretty much made it more affordable…
With GCR, there was their coin and cryptocurrency which didn’t really take off…
Global Coin Reserve members were suppose to mine these coins through GCR, but when it was time to launch the coin in August, it basically collapsed…
January 2016 came along and the plug was pulled…
Then Nexxus University came out right after…
Maybe they turned it around with this company?
Nexxus University Reviews – The Products
Nexxus University offers educational courses on the following topics:
- The History Of Money
- The Bitcoin Solution
- Understanding Cryptocurrency
The courses you get access to will depend on which member ship you go with…
- Bronze ($9.95 a month) – access to The History of Money
- Silver ($24.95 a month) and Gold ($49.95 a month) – access to The History of Money, The BitCoin Solution and Understanding Cryptocurrency
Gold Nexxus University members also get access to a “Cryptocurrency Fundamentals” certification.
Now you know about the products, let’s take a look at the compensation plan next…
Nexxus University Compensation Plan
When you sponsor someone in the company, you get paid commissions like any network marketing company.
First, let’s take look at their ranks below:
- Double Diamond
- Double Platinum
- Triple Platinum
Each rank requires a certain amount of PV generated each month.
PV stands for personal volume.
Also, if you Nexxus University member recruits 5 members in their first 14 days, they get paid a $10 commission.
The residual income is paid through their 2×4 matrix.
Overall, a 2×4 Matrix has 30 positions.
Silver members get paid through a 2×5 matrix.
Gold members get paid through a 2×6 matrix.
You are then paid 5% in this matrix per position which looks like this:
- 50 cents for every Bronze affiliate recruited
- $1.25 for every Silver affiliate recruited and
- $2.50 for every Gold affiliate recruited
Also depending on your rank, you can qualify for their Infinity Bonus.
- Platinum ranked affiliates earn 5% on one generation
- Double Platinum ranked affiliates earn 10% on the first generation and 5% on the second
- Triple Platinum ranked affiliates earn 15% on the first generation, 10% on the second and 5% on the third
Cost To Join Nexxus University
Like mentioned earlier, Nexxus University members can choose from three levels:
- Bronze – $9.95 a month
- Silver – $24.95 a month
- Gold – $49.95 a month
The main difference is that you get access to more training and higher income potential through the larger matrix’s.
Nexxus University Review – The Verdict
Update: Bob Wood came out with this statement regarding their company and compensation plan…
Apparently the comp plan has been changed and some other things.
This is what he wrote:
Hi, You may want to recheck all your information because the program was completely changed a couple months ago during prelaunch.
Nexxus does not sell any coins with the MLM promise that they will get-rich-quick when the coin goes public. That is a scam run by all the other MLM coins.
The Nexxus mission is to capitalize on the mainstream adoption of cryptocurrency through education and transactions. The affiliate’s websites sell educational courses to the public from a retail order form.
We have many customers paying reasonable retail prices ($15) for the courses. Affiliates are not required to make monthly purchases and no ranks can be purchased. No Nexxus coins are included or can be purchased by the MLM affiliates.
The best way to assess the quality of the educational courses is to take one. I’d be glad to offer free access to a Cryptocurrency Introduction course to anyone here.
I think you will be surprised. Our students often comment about how impressed they are with the comprehensive education. The education is a small necessary step because we know that the mainstream public will not adopt cryptocurrency until they understand what it is and how they can benefit.
Nexxus Rewards is the first Bitcoin Killer App to give people a good reason to buy and use cryptocurrency. People will be able to make bitcoins purchases at Nexxus merchants worldwide.
Affiliates earn on the transactions from merchants they refer. There is no pyramid scheme or internal consumption here, just an opportunity for affiliates to earn on shopper transactions as the mainstream public adopts cryptocurrency.
The Nexxus coin is live with a blockchain and thousands of downloaded wallets making up the decentralized network.
The Nexxus coin is very much like the Ether coin. The Nexus coin is the internal currency of the Nexxus Global Rewards Community like Ether is the internal currency for Ethereum.
The Nexxus coin is purchased on the public market for the cashback rewards with every bitcoin purchase from Nexxus Rewards. The Nexxus coin will be listed on the public exchanges in coordination with the Nexxus Rewards Community.
The initial distribution method for Nexxus Coin is similar to Ether. Investors were given some coins and the bulk of the coins are being donated at no cost to a couple thousand individuals. No Nexxus coins are distributed as part of an MLM compensation plan.
A simple question can be asked of any cryptocurrency coin that promises to be the next big bitcoin story. What are they doing to deliver value to the marketplace to drive buyer demand. Buyer demand is the only thing that will increase price, not unlike all publicly traded asset.
BTW – Robert Corriveau was the founder of GCR Marketing and ran the company into the ground. I was originally a systems vendor brought in 6 months later as CEO to turn the company around.
The Corriveau get-rich-quick promises were too embedded in the minds of their agents to shift their mindsets to a successful business model.
My company, Pinnacle Institute, is a network marketing consulting company with over 30 MLM companies over the last 12 years. I have been brought in before by the owners to try to fix their problems (e.g. GoAutoClub).
Thank you for all the research you do as a consumer advocate. I too have been called upon for my expertise in technology, cryptocurrency and network marketing to uncover scams and Ponzi schemes perpetrated by companies like OneCoin.
There you have it from the man himself…
Now I am not sure why this information isn’t available to everyone yet…
Overall, I can’t call this a scam or anything just yet…
I would suggest wait a few months to see how the company is going…
From there if you are still interested, then check it out…
Now if you don’t want to wait and want to know what business opportunity is actually legit…
Well, there are a ton out there…
If you want my personal recommendation…
It’s basically business in a box where you will get all the tools, training and personal coaches to hit your personal goals online…
You don’t have to sell anything because your coaches do that for you.
That’s a win win in my eyes 🙂
You will thank me later.
I hope you enjoyed my Nexxus University review and if you have any questions or comments, leave them in the comments below…
Also if you throw your affiliate link in there, I will delete your comment.
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