PipCoin Review – Legit Business Or Ponzi Scam?
Welcome to my PipCoin Review!
Chances are you were approached by someone on social media about this business opportunity and you are here to make sure this is actually legit right?
The good news is you are actually doing your research instead of blindly jumping into something.
When you join a business on hype, you often get burned…
I want you to pay close attention to the words on this blog post and read it to the end.
I am going to go through the company, products and compensation plan so you can make the right decision.
Find out if this is legit or a scam!
PipCoin Review – The Company
PipCoin is the brain child of David Schwartz and Red Wayne who founded the company.
This is what it says on their website:
The inception of the idea can be credited to David Schwartz and the inception of the algorithm and mathematics behind to Ref Wayne, a 21 year old South African
There is no information on David, but I found this about Ref Wayne:
Honestly speaking- I am the ONLY trader in South Africa who has all the material things that traders claim to have.
Countless houses and cars. I generate millions every month.
Teaching you for free is just what I’ll be doing for fun really… I’ll teach you REAL things not this nonsense that is being taught to people at high cost.
Apparently he makes millions and teaches people for free…
I checked out my good friend Alexa (Website), and found out that 90% of the traffic is coming from South Africa…
That’s all I know so far, let’s keep going…
PipCoin Reviews – The Products
When you join PipCoin, you get access to their BitCoin trading platform.
There are 3 versions available:
- Web Pip Trader
- Mobile Trader
You can also market the membership and earn commissions on it.
Let’s take a look at the compensation plan next…
PipCoin Compensation Plan
When you sponsor someone in PipCoin, you get paid commission on it.
PipCoin Investment ROI Commissions
When you invest in PipCoin, they promise you a 35% ROI per month.
This ROI is paid out in PipCoins, with affiliates required to keep their coins in the system to get a monthly ROI.
When you invest in PipCoins in the first 24 hours, they pay out a 5% bonus.
You can withdrawal this ROI by cashing out your PipCoins with their internal exchange rate system.
They don’t have any prices on what these PipCoin’s are worth on their website…
When you recruit someone in the business, you get paid through their 4 level unilevel structure.
If you don’t know what that is, it looks like this:
- Level 1: Personally enrolled members
- Level 2: Level 1’s personally enrolled members
- Level 3: Level 2’s personally enrolled members
There is no limit on how many people you or your team can sponsor.
This is what PipCoin’s unilevel looks like:
- Level 1 (personally enrolled members) – 10%
- Level 2 – 5%
- Level 3 – 2.5%
- Level 4 – 1%
Introducing broker commissions are paid out in their unilevel structure, but the difference is there is no cap on the depth.
This is what this looks like:
- Level 1 (must have a downline of at least ten affiliates who have invested): 10%
- Level 2 (must have a downline of at least 100 affiliates who have invested): 5%
- Level 3 (must have a downline of at least 1000 affiliates who have invested): 4%
- Level 4 (must have a downline of at least 10,000 affiliates who have invested): 3%
- Level 5 (must have a downline of at least 100,000 affiliates who have invested): 2%
- Level 6 onwards (unlocked along with level 5) – 1%
Cost To Join PipCoin
The actual affiliate membership in PipCoin is free, but if you want to be part of the business opportunity, you must invest in PipCoins.
Right now, I am not sure what the value of a PipCoin is…
PipCoin Review – The Verdict
Overall, there are a bunch of things that concern me…
First these PipCoins are worthless outside of this company…
Second, they promise an ROI which is pretty much based on how many affiliates invest…
Once this investment process slows down, so does the ROI’s…
When that happens, people will have problems.
Also, it looks like this company launched a few times in the past, but isn’t getting any traction.
I personally don’t recommend this…
Anyway, I hope you enjoyed my PipCoin review and if you have any questions, leave them in the comments below…
My Personal Recommendation
When it comes to business opportunities, there are TONS that are actually legit where you can be proud of promoting them.
The reason for it is simple…
A complete newbie can get started, follow the step by step training and start earning online.
The best part is you will get a ONE on ONE coach that will work with you every step of the way.
How cool is that?
You will thank me later 🙂
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