R2B Coin Review – Legit Business or Big Scam? Find Out Here…
Welcome to my R2B Coin Review!
I have heard some major buzz about this company, so I decided to examine what it was all about…
If you’re like me, doing your research is a great first move!
A lot of people jump into opportunities without enough research and end up making decisions blindly.
Sometimes even after you decide you like a company, some more info can turn up and change your mind about actually investing…
In my blog review, I am going to walk you through the company, the products and compensation plan, and maybe put some rumors to rest.
Let’s hit the ground running!
R2B Coin Review – The Company
The company is supposedly centred out of Hong Kong, China, and say they are “processed and managed” through Williams Corporation Limited.
Other than saying that Williams Corporation is “a licensed global firm which operates as a service provider,” there is no other info given about the company.
Also identified on the company website are the executives: David Wu and Eddie Lo, they are the Marketing Director and Business Director, respectively.
Formerly from Taiwan, Wu’s corporate biography says he’s an American citizen.
He holds a real estate license in the state of California and has experience building and selling million dollar homes in Palo Alto, California. He also has experience working in California hospitals as an Emergency Room Technician.
When he returned to Taiwan from the US in 2008, he helped coach Taiwan’s Olympic swim team.
He has owned restaurants in Las Vegas, Nevada, Los Angeles, California and, most recently, in Taipei, Taiwan.
Mr. Wu speaks five languages fluently and he has been engaged in network marketing for over 30 years, primarily in Taiwan and in China.
There are no facts given regarding Wu’s supposed 30-year career history in network marketing.
As of Jan.25, 2018:
The state of Texas remains to be first in USA regulation against MLM cryptocurrency fraud, and the latest case includes an emergency cease and desist order filed against this company.
The order was filed on the 24th of January in 2018, where Texas’ cease and desist says the company has a last known location listed as Hong Kong, China.
R2B Coin Reviews – The Products
R2B Coin doesn’t have any products or services for affiliates to purchase or sell.
But anyone wanting to sign up as an affiliate with R2B Coin can market the company affiliate membership.
The R2B Coin Compensation Plan
Affiliates looking to take part in the company compensation plan are required to sign up and invest into the company.
Affiliates can invest in R2B coins like so:
- Trainee – Invest $100 and receive $100 worth of R2B coins
- Manager – Invest $500 and receive $520 worth of R2B coins
- Team Manager – Invest $2500 and receive $2725 worth of R2B coins
- Director – Invest $5000 and receive $5550 worth of R2B coins
- CEO – Invest $25,000 and receive $30,000 worth of R2B coins
- Chairman – Invest $50,000 and receive $65,000 worth of R2B coins
Company affiliates must buy pre-generated points, which are offered at an initial cost of purchase from 80¢ per point.
R2B Coins are set with an internal value, which is based on the considered value rising per set number of new coins bought from the company (up to an amount of $188).
The current internal value of R2B remains undisclosed by the company.
Affiliates invest in R2B at a set price, then over time as R2B Coin value increases, the affiliate will earn their ROI when he or she decides to cash out through the internal exchange.
The company uses a binary compensation model to pay referral commissions to its affiliates.
Affiliates qualify for residual binary commissions when he or she sponsors 2 new affiliates (with each new affiliate being added to the left or right side of the binary team).
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 holds two positions and the 2nd level is made by dividing the first two positions into a further two positions each, creating 4 positions in total on level 2.
Any additional 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.
The earned residual commissions that are paid out to affiliates are based on a point system.
Points achieved by the affiliate are earned when sponsored new affiliates are put into a binary team and invest with an R2B Coin affiliate package listed below:
- Trainee – 10 points
- Manager – 30 points
- Team Manager – 200 points
- Director – 300 points
- CEO – 500 points
- Chairman – 1000 points
When the day ends, the company adds up new earned points on both the left and right side of the binary team.
A $50 residual commission is paid out when 100 points on one side are matched with 200 points on the other side of the binary team.
The company caps binary commissions weekly, and it is centered on sponsorship of new affiliates:
- Sponsor two affiliates and earn up to $2000 a week in binary commissions
- Sponsor four affiliates and earn up to $5000 a week in binary commissions
- Sponsor eight affiliates and earn up to $10,000 a week in binary commissions
- Sponsor twelve affiliates and earn up to $20,000 a week in binary commissions
- Sponsor twenty affiliates and earn up to $50,000 a week in binary commissions
The company allows affiliates to earn residual commissions based on the earnings of their downline affiliates, where the company pays out down to level 2 of sponsorship (unilevel):
- Sponsor four affiliates and receive a 5% commission on level 1 (personally sponsored affiliates)
- Sponsor eight affiliates and receive a 10% commission on level 1
- Sponsor twelve affiliates and receive a 10% commission on level 1 and 5% on level 2
Cost To Join R2B Coin
The cost to join R2B Coin as an affiliate is a membership fee of $28.
If affiliates would like to fully participate in the company and R2B MLM income opportunity, they must invest a minimum of $100.
Verdict of R2B Coin
We made it to the end of my review and now that we’re here, I can share my final thoughts on the company…and I don’t think its 100% legit.
This company is your typical ‘pump and dump’ scam company trying to use an altcoin to get your money for the exchange of coins/points.
These coins sold to affiliates are pre-generated by the company and you cannot publicly trade them, so they really are worthless outside of this company.
A lot of this business plan is the coin’s projected worth of $188 and they manipulate its worth through calculation and the company’s internal exchange.
The company is pretty much a pyramid scheme because it offers no products or services, but they still want your money.
The pump part of this company is the company making an agreement with its affiliates to have merchant adoption and really balloon the company coin value.
And the dump part of the company business plan is when affiliate sponsorship slows down and people stop buying into the R2B coins at an internally inflated value.
Real companies do not start up an altcoin with no real worth outside of the company.
The owners and operators will just end up sitting on the money that investors handed over.
The company will run the scam for as long as possible, then when things go south and the money is no longer rolling in, the owners and operators will take off with the money they have already accumulated.
My advice? Be careful with this company as you are likely to lose your investment…
I hope you enjoyed my R2B Coin review and if you have any questions, please leave them in the comments below…
My #1 Recommendation
If you are struggling online and want to finally succeed with actual training, tools and mentorship to get you there…
The best part is you don’t have to recruit a single person which is insane 🙂
Plus there is a refund guarantee, so there is no risk.
Test it out for yourself below…
You will thank me later 🙂
Follow me on Social media below:
Add Me On SnapChat:
Snap Chat I.D: MillDrive
See you at the top,
P.S. Sign up for my news letter below and transform your life (serious people only…)