RuneCoin Review – Legit Biz Op or Big Scam? Find Out Here…
Welcome to my RuneCoin Review!
Someone asked me to do a review on this company because there isn’t a lot of reliable information available out there.
I know there are a million questions you might have, and I can offer a lot trustworthy answers to questions you probably want to ask.
Maybe you are on this blog post because someone might have approached you in person or maybe it was over social media where you first heard about this company…
And now you want to know more!
The good news is that I am going to put any rumors you may have heard to rest and go over the company’s history, their products and the compensation plan used, so you can make the right decision with your money!
Let’s get right to it!!
RuneCoin Review – The Company
When you visit the company website, you will find that there is no info posted online about the owners or the operators of the company.
After some digging around, I was able to find that the RuneCoin website domain was registered privately on the 18th of January in 2018.
Current data from Alexa estimates that the main source of traffic visiting the company website is from Russia at 18%.
Now if this doesn’t float your boat, check out our top mlm companies.
RuneCoin Reviews – The Products
RuneCoin doesn’t have any products or services for affiliates to purchase or sell.
Those who sign up as an affiliate with RuneCoin simply market the company affiliate membership.
The RuneCoin Compensation Plan
Affiliates looking to take part in the company compensation plan are required to sign up and invest into the company.
Company affiliates must buy into pre-generated RUNE points at a rate of purchase from 50¢ to $1.20 per RUNE point.
Affiliates are then expected to return their investment points back to the company as a loan with the agreement of a promoted monthly earnings of 48% in ROI.
- Invest $100 to $1000 and receive a daily variable ROI plus 0.05% bonus daily rate for 249 days
- Invest $1001 to $5000 and receive a daily variable ROI plus 0.1% bonus daily rate for 199 days
- Invest $5001 to $10,000 and receive a daily variable ROI plus 0.2% bonus daily rate for 159 days
- Invest $10,001 or more and receive a daily variable ROI plus 0.25% bonus daily rate for 99 days
Commissions on referrals are paid out as a percentage of capital (funds) invested down to level 3 of sponsorship (unilevel):
- Level 1 (personally sponsored affiliates) – 10%
- Level 2 – 7%
- Level 3 – 3%
Cost To Join RuneCoin
The cost to join RuneCoin as an affiliate is free, although those affiliates with the free membership can only earn commissions on referrals.
If affiliates would like to fully participate in the company and income opportunity, they must invest a minimum of $100.
Verdict of RuneCoin
Awesome, you’ve made it to the end of my review, and now I can tell that I do not think this company is 100% legit…
As far as I’m concerned, this company is operating as a lending ICO (Ponzi scam) …
And I’m pretty sure we’ve all been reading about these scams for some time now, so a little late to the party RuneCoin.
The company does run it confidently saying that they will “be the next bitcoin” and they say:
“Bitcoin and Runecoin are not much different, the difference is the opportunity as well as price.
To have one Bitcoin, you have to get ready for more than $8000.
You have a better opportunity of acquiring Runecoins because the price is still very cheap.”
Now that you’ve read that do you feel more confident about the company or do you still have more questions?
I myself has more questions…
Well their statement above is false, because outside of the company there is no value to RUNE points, so once you have them you are stuck with them.
Whereas bitcoin has a market to work with if you bought some and now you want to sell, definitely not the same as RUNE points.
The company also says, they are able to achieve external revenue used for their ROI payouts to affiliates by “algo-trading stack,” well if this is true, please disclose some more information thank you.
Since none is provided we can’t assume that what they present to us is true, and so all we are left with as an income source is new investments coming into the company.
The company is then taking this new investment money and using it to payout ROI owed to prior members and this is what a Ponzi scam is.
This is how the Ponzi scam will work: the owners who are unnamed will pre-generate some points, then get you to buy them (with real cash).
When you hand over your cash for the points that have no value anywhere else, your cash will be used to payout the rates promised by the company to those who signed up before you and the rest will be pocketed by the unknown owners.
When the sponsoring of new affiliates slows down or stops, so will the money that enters the company.
Once the owners have pocketed enough money and the company is starting to cost them money, they will take off with what they were able to stash away, leaving you high and dry.
My advice? Be careful with this company as you are likely to lose your investment…
I hope you enjoyed my RuneCoin review and if you have any questions, please leave them in the comments below…
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