TradeNetCoin Review – Legit Business or Big Scam? Find Out Here…
Welcome to my TradeNetCoin Review!
Do you want to join an MLM company, but don’t where to start?
I know there are many online schemes out there that pretend to be a good business opportunity.
I’m going to share with you what I’ve learnt about the company, so you can make an informed decision!
Before making your decision to join, you need really good info on the company.
Your money needs to be in good hands…
Only research will help you determine if an online opportunity is a scam or a worthy choice for investment.
In this review, I will help you familiarize yourself with the company history, learn about the company’s products, and their compensation plan…
Let’s get started!!
TradeNetCoin Review – The Company
When you check out the company website, you will see that there is no information posted online about who the owners or operators of the company are.
After a little digging, I was able to find that the TradeNetCoin website domain was registered privately as “tradenetcoin.io” on the 22nd of December in 2017.
TradeNetCoin Reviews – The Products
TradeNetCoin doesn’t have any services or products for affiliates to sell for retail or to purchase for personal use.
But anyone wanting to sign up as an affiliate with TradeNetCoin can market the company affiliate membership.
The TradeNetCoin Compensation Plan
Affiliates looking to take part in the company compensation plan need to sign up and invest into the company.
Company affiliates must buy pre-generated TNC points at a rate of purchase from 60¢ to $1.50 per TNC point.
Affiliates are then expected to return their investment points back to the company as a loan with the agreement of a promoted ROI rate of 150% earned monthly:
- Invest $100 to $999 and receive a daily variable ROI rate for 219 days
- Invest $1000 to $4999 and receive a daily variable ROI rate plus 0.15% bonus daily rate for 159 days
- Invest $5000 to $9999 and receive a daily variable ROI rate plus 0.25% bonus daily rate for 99 days
- Invest $10,000 to $50,000 and receive a daily variable ROI rate plus 0.35% bonus daily rate for 69 days
The company uses a unilevel compensation model to pay out referral commissions to its affiliates.
The unilevel compensation model puts an affiliate at the top of a unilevel team that places any personally sponsored affiliate on level 1 right underneath the original affiliate.
When a level 1 affiliate sponsors new affiliates, they are then put onto level 2 of the original affiliate’s unilevel team.
When a level 2 affiliate sponsors new affiliates, they are then placed onto level 3, and levels continue to be created like this down as many levels as are needed.
Referral commissions are paid out as a percentage of capital (funds) invested among the levels in the unilevel team:
- Level 1 (personally sponsored affiliates) – 8%
- Level 2 – 3%
- Level 3 – 1%
- Level 4 – 0.5%
- Level 5 – 0.2%
- Levels 6 and deeper – 0.1%
Cost To Join TradeNetCoin
The cost to join TradeNetCoin 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 50 TNC points (available for purchase from the owners of the company).
Verdict of TradeNetCoin
Well, we’ve made it to the end of my review and here is where I’ll say that I do not think this company is 100% legit, even though they have taken measures to address certain issues…
Considering there are a lot of scammers in the niche of MLM ICO lending, the company has taken time to address this to its potential investors:
“Why is TradeNetCoin not a fraud or Ponzi scheme?
The Ponzi scheme is based on the pyramid, when it is necessary to attract investments of new and new investors to pay dividends.
We do not seek to attract a large number of new investors to pay dividends to existing ones.
We use money of investors for investments in our existing businesses, from which profits we pay dividends.
Agree, this does not seem to be the usual scheme of Ponzi.”
What we basically learn from this is that the owners of the company are not operating from an English-speaking country.
And furthermore, we learn that this company seems to fail simple logic…
If the company’s anonymous owners really had a business opportunity that already existed and was capable of making a monthly ROI of 150%, then why are they sharing this with strangers on the internet?
The reality of it is that the company’s only source of income revenue is likely exactly what they say it isn’t: new affiliate investment.
And taking these new investments to payout prior members their ROI owed is what makes a company a Ponzi scam, instead of real business opportunity.
The way this scam usually works goes a little something like this…
The anonymous owners sell a lot of pre-generated points, TNC in this case, for real money not allowing the use any cryptocurrency to purchase these points.
The company then uses some of the real money collected from new affiliates to payout promoted ROI to existing affiliates, and this continues as long as new affiliates are being sponsored in.
When new sponsorship slows down, this in turn will also slow the amount of money coming in.
When the money that is being kept aside has reached a certain targeted amount, owners of the company will most likely take off with that money, never to be seen again.
My advice? Be careful with this company as you are likely to lose your investment…
I hope you enjoyed my TradeNetCoin review and if you have any questions, please leave them in the comments below…
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