Open HYIP Review – Legit Business Opportunity Or Big Scam? Find Out…
Welcome to my Open HYIP Review!
With so many MLM opportunities out there, it can be hard to know which ones are legitimate and which ones are scams. If you have found your way to this blog, congratulations!
You have taken the first step in the right direction by researching more about this company before diving in.
In this blog post, I will go through the Open HYIP company, its products and compensation plan.
So sit back and follow along to find out more!
Open HYIP Review – The Company
The first thing I found when reviewing Open HYIP is that they call themselves an “MLM Investment Club”.
Unfortunately, I wasn’t able to find any information on the company website about who owns or runs Open HYIP.
Registered on September 21, 2016, the Open HYIP website domain (“openhyip.net”) registration is set to private.
One of my top tips to other MLM-ers is that if a company isn’t openly transparent about who is running the show, think twice before investing!
Open HYIP Reviews – The Products
AS with many other MLM’s that I have reviewed, Open HYIP does not offer any retailable products or services.
Affiliates of this company are only able to market the Open HYIP affiliate membership.
Open HYIP Compensation Plan
Affiliates who join Open HYIP must invest funds through bitcoin and are promised an ROI of a 100%.
Funds that are invested by sponsored affiliates offer referral commissions that are paid out through a uni-level compensation structure.
New affiliates are placed at the top of a uni-level team and every affiliate they bring in is placed directly under them (level 1):
This is followed by any personal recruits being placed on level 2 of the original affiliate’s uni-level team, which is then followed by recruits being placed on level 3 and so on, down a theoretical infinite number of levels.
The Open HYIP company cap their payable uni-level levels at five.
Any referral commissions that are paid out are done as a percentage of the funds that are invested within a uni-level team as follows:
- Level 1 (Personally sponsored affiliates) – 2.5%
- Level 2 – 1%
- Level 3 – 0.75%
- Level 4 – 0.5%
- Level 5 – 0.25%
Cost To Join Open HYIP
As of right now, the cost to join Open HYIP is free, however these free affiliates are only able to earn referral commissions.
In order to enjoy full participation in the Open HYIP opportunity, affiliates are required to make an investment in bitcoin.
Open HYIP Review – The Verdict
There are a few issues with this company from the get go…
First, we don’t know who officially runs the show and are hiding behind a name.
So if something does go wrong, they will just open up another company and start over again…
Second, Open HYIP is a ponzi scheme as it has no products or services, but where new affiliates invest to pay off existing members for some kind of ROI:
All funds invested minus fees are put into the payout pool, once an hour the payout pool is processed as follows:
The 10 oldest immature payments are selected.
The amount in the payout pool is divided among them evenly up to a maximum of each investments maturity value.
If there are any funds left, repeat from step 1.
You then get a 100% ROI…
There is no external income source coming into the company so if recruitment slows down (which it will), so does your ROI’s…
Also note that Open HYIP takes 2.5% of the collected funds…
This one is definitely fishy and if you still join even though I laid it out to you, well that is your problem really…
Anyway, I hope you enjoyed my OPEN HYIP review and if you have any questions, leave them in the comments below:
Jesse What Do You Recommend?
If you already joined Open HYIP, this still applies to you because you should never put all your eggs in one basket.
After reviewing hundreds of companies and systems…
The main reason for it is that you will actually learn the right skill sets on how to build an online business the right way and it already comes with products, services and marketing material…
Not only that, you get a one on one business coach in the system to help you every step of the way.
Take a look at my 14 week results:
Not only that, my team is winning:
You will thank me later 🙂
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