ThornCoin Review – Legit Company or Huge Scam? Find Out Here…
Welcome to my ThornCoin Review!
Someone asked me to do a review on this company because it’s new and there wasn’t a lot of information available online…
Maybe someone approached you in person or maybe it was over social media, and now you want to know more too!
You might have some questions, right? Like…
- Can you achieve the money growth you want in this way?
- Is it legitimate for you to join? And…
- Can newcomers do this?
Good news, I am going to put any rumors to rest and tell you all about the company.
In my blog on ThornCoin, I’ll go over the company’s short history, their products and compensation plan, so you can make the right decision when deciding what to do with your money!
Let’s dig in!!
ThornCoin Review – The Company
When you visit the company’s website, you will find that there is no information available on the owners or operators of the company.
After some digging and some more research it was revealed that the ThornCoin website domain was registered privately as “thorncoin.com” on the 24th of December in 2017.
ThornCoin Reviews – The Products
ThornCoin doesn’t have any products or services for affiliates to sell for retail purposes or to purchase.
But anyone wanting to sign up as an affiliate with ThornCoin can market the company affiliate membership.
The ThornCoin 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 THRN points at a rate of purchase from 50¢ to $1.20 per THRN point.
Affiliates are then expected to return their investment points back to the company as a loan with the agreement of a promoted ROI:
- Invest $100 to $1000 and receive a monthly ROI of up to 43% for 260 days
- Invest $1001 to $5000 and receive a monthly ROI of up to 43% plus 0.05% bonus daily ROI for 180 days
- Invest $5001 to $10,000 and receive a monthly ROI of up to 43% plus 0.1% bonus daily ROI for 160 days
- Invest $10,001 to $20,000 and receive a monthly ROI of up to 43% plus 0.15% bonus daily ROI for 150 days
- Invest $20,001 or more and receive a monthly ROI of up to 43% plus 0.2% bonus daily ROI for 120 days
The amount of investment is “locked” in for the minimum days as per the following:
- $100 to $1000 invested = 180 days
- $1001 to $5000 invested = 90 days
- $5001 to $10,000 invested = 80 days
- $10,001 to $20,000 invested = 75 days
- $20,001 or more invested = 60 days
There is a 25% withdrawal fee if a company affiliate wants to take out funds before the locked period ends.
The company pays referral commissions down to level 3 of sponsorship on funds invested with the company:
- Level 1 (personally sponsored affiliates) – 8%
- Level 2 – 4%
- Level 3 – 1%
Cost To Join ThornCoin
The cost to join ThornCoin 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 ThornCoin MLM income opportunity, they must invest a minimum of $100.
Verdict of ThornCoin
We’ve made it to the end of my review, and at this point I would like to share my point of view on this company and that is that I do not believe this company is 100% legit…
The company says they make external ROI revenue by “arbitrage, trading bot, and marketing etc..”
“Our trading strategy stack has several solid components which aim to ensure a stable passive income for our investors.
At its core there is an algorithmic trading software that utilizes a complex technical analysis to make split second decisions on what trades to take.
The power of AI can combine machine learning, technical analysis and fundamental data extraction into one powerful trading tool.”
There is no proof that this tool even exists.
Neither is there any proof of external ROI revenue being used to make payments to affiliates of the company.
The only real money source coming into the company is the new investment made by new affiliates.
And here’s something to open your eyes up…when a company uses new investments to pay already existing affiliates ROI earned…that makes the company a Ponzi scam.
This is now on top of another scam, which is a pyramid scam that offers commissions on affiliate sponsorship.
The lending ICO scam we have here operates in this typical manner:
The owners will remain anonymous the whole time and will sell off pre-generated THRN points, which will be worthless outside of this company.
The admins will then use this money (some of it) to pay ROIs owed to affiliates, as long as new affiliates are showing up and investing with their money.
Once there is a slow down in the sponsorship, the money in the ROI reserve will start to dry up too.
The company will pay ROI to earlier affiliates to keep up its front as a proper business opportunity that will make you money…
But in the end, there is no success to be gained or found here.
My advice? Be careful with this company as you are likely to lose your investment…
I hope you enjoyed my ThornCoin review and if you have any questions, please leave them in the comments below…
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