TwiceCoin Review – Legit Biz Op or Big Scam? Find Out Here…
Welcome to my TwiceCoin Review!
With so many new MLM companies starting up on a daily basis, it can become difficult to determine which ones are legit and which ones aren’t.
So, how can you go about figuring out which business opportunity is the right one to join?
Research, research, and more research!
One of the best ways to making sure your making a right decision is to read and learn about any new company you’re interested in to ensure the best outcome.
In this review, I will be exploring information about the company, the products and compensation plan.
Lets get started, shall we?
TwiceCoin Review – The Company
There is no information on the company website about who owns or operates the business.
The company’s website domain “twicecoin.com’ was registered privately on the 8th day of June 2017.
Interestingly enough, the company logo, TwiceCoin, along with their website domain are very similar to GladiaCoin.
In March of this year, GladiaCoin was launched and offered a 200% ROI on bitcoin investment provided its within 90 days.
Later in May, GladiaCoin experienced withdrawal issues, leading to the business falling apart in the beginning of June leaving a vast majority of the affiliates at a loss.
On top of the similar designed website, TwiceCoin also uses the exact same CloudFront name servers that GladiaCoin uses.
It looks like the same CloudFront account is used for both of these websites…
In the TwiceCoin website source-code, there has been references to “gladia” which indicates that both TwiceCoin & GladiaCoin are operated by the same people/person.
In other words…
Oh snap! Lol.
TwiceCoin Review – The Products
This company does not offer any retail products or services.
Affiliates who sign up only be able to market TwiceCoin affiliate membership itself.
The TwiceCoin Compensation Plan
To take part in the company compensation plan, affiliates must invest 0.02 BTC or more for a 200% ROI, given out at a rate of 2% a day.
The amount of the plan chosen by you is doubled with a yield of 2% per day.
- Twice 2 – Invest 0.05 BTC
- Twice 3 – Invest 0.1 BTC
- Twice 4 – Invest 0.3 BTC
- Twice 5 – Invest 0.5 BTC
- Twice 6 – Invest 1 BTC
- Twice 7 – Invest 2 BTC
- Twice 8 – Invest 4 BTC
- Twice 9 – Invest 8 BTC
TwiceCoin pays referral commissions on downline investment through a binary compensation structure.
This type of compensation structure puts an affiliate at the very top of a binary team that divides into 2 sides: the left and the right.
The 1st level of the binary team holds two positions and the 2nd level of the binary team is created by dividing these first 2 positions into a further 2 positions each, for a total of 4 positions.
The next levels of the binary team are created as needed, with every new level holding 2 times as many positions as the level before it.
In the binary team, the positions are filled through direct & indirect sponsorship of affiliates, with no limitations to how far a binary team can develop.
The company will total up newly invested money on each side of the binary team at the end of the day.
A percentage of matched funds is paid out based on how much has been invested by the affiliate:
- Twice 1 (0.02 BTC, no 200% ROI) – 4% binary referral commission, capped at 0.04 BTC a day and/or 1.2 BTC a month
- Twice 2 – 5% binary referral commission, capped at 0.1 BTC a day and/or 3 BTC a month
- Twice 3 – 6% binary referral commission, capped at 0.2 BTC a day and/or 6 BTC a month
- Twice 4 – 7% binary referral commission, capped at 0.6 BTC a day and/or 18 BTC a month
- Twice 5 – 9% binary referral commission, capped at 1 BTC a day and/or 30 BTC a month
- Twice 6 – 11% binary referral commission, capped at 2 BTC a day and/or 60 BTC a month
- Twice 7 – 13% binary referral commission, capped at 4 BTC a day and/or 120 BTC a month
- Twice 8 – 15% binary referral commission, capped at 8 BTC a day and/or 240 BTC a month
- Twice 9 – 17% binary referral commission, capped at 16 BTC a day and/or 480 BTC a month
Cost to Join TwiceCoin
The cost to join TwiceCoin as an affiliate is an investment of between 0.05 and 8 BTC.
0.02 BTC “Twice 1” option exists, but this type of membership does not compensate a 200% ROI.
Keep in mind that Twice 2 – Twice 9 TwiceCoin memberships do have a fee of 5% on a monthly basis.
This fee is adjusted to the amount that is initially invested every month.
Verdict on TwiceCoin
The big red flag here is the affiliated ties with GladiaCoin….
GladiaCoin also claimed that investment would lead to a 200% ROI, yet failed to deliver on this promise…
Seeing as TwiceCoin is being run by the same people, it stands to reason that investors likely won’t see this 200% return either…
So when recruitment numbers decrease and ROIs start falling, affiliates will lose out and start to leave…
So, if you haven’t heard of GladiaCoin before, or you are a previous affiliate hoping to recoup your losses…
Take caution and know that you may not make any ROI here either…
I hope you enjoyed my TwiceCoin review and if you have any questions, please leave them in the comments below…
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