XenixCoin Review – Legit Business or Another Scam?

Welcome to my XenixCoin Review!

There has been some buzz about this company lately, so it’s time for another one of my reviews!

It’s always a good idea to research any company you are thinking about joining, so I’m glad you are here!

Reading reviews is a great way to find out if the company is legit or not.

This review will go over the company, the products and the compensation plan.

Read on to learn more about XenixCoin!

XenixCoin Review – The Company

XenixCoin Review

Well, the first thing I noticed is that I couldn’t find any information on the company website about who owns or operates XenixCoin.

The XenixCoin website domain was registered on the 11th of October, 2016 as “xenixcoin.com” and lists Louis Hutchinson of Xenix Technologies LTD as the owner.

Beyond the registration information, I couldn’t find any other information about Hutchinson and his role within XenixCoin.

There is also a London corporate address provided on the website, but seems to be a virtual office address provided by i2 Office.

While XenixCoin does have UK incorporation information, it seems that this business does not have a physical presence in the UK.

So, not too much to go on, so let’s move on to the products.

XenixCoin Reviews – The Products

XenixCoin does not offer any retail products or services.

Affiliates who join XenixCoin can only market and sell the affiliate membership.

The XenixCoin Compensation Plan

Affiliates who wish to participate in the XenixCoin compensation plan must invest in packages, with commissions being earned when they sponsor other affiliates who do the same.

XenixCoin offers six packages to invest in, which include:

  • Basic – $100
  • Standard – $1000
  • Enterprise – $3000
  • Essentials – $6000
  • Business Pro – $12,000
  • Premier – $25,000

Affiliates earn a 10% commission when they sponsor affiliates who invest in any of these packages.

Matching Bonus Payout

There is also a matching bonus that is available on package referral commissions that are earned by downline affiliates.

XenixCoin pays its matching bonus through a unilevel compensation structure.

This type of compensation structure puts an affiliate at the top of a unilevel team that places every personally sponsored affiliate pright under them on level 1.

When a level 1 affiliate brings in new affiliates, they are put on level 2 of the original affiliate’s unilevel team.

When a level 2 affiliate brings in new affiliates, they are put on level 3, etc.

The amount of levels an affiliate can earn the matching bonus on depends on how much the affiliate has invested:

  • Basic affiliates earn a 10% match on level 1 (personally recruited affiliates)
  • Standard affiliates earn a 10% match on levels 1 and 2
  • Enterprise affiliates earn a 10% match on levels 1 and 2 and a 20% match on level 3
  • Essentials affiliates earn a 10% match on levels 1 and 2 and a 20% match on levels 3 and 4
  • Business Pro affiliates earn a 10% match on levels 1 and 2, a 20% match on levels 3 and 4 and a 25% match on level 5
  • Premier affiliates earn a 10% match on levels 1 and 2, a 20% match on levels 3 and 4 and a 25% match on levels 5 and 6

Earnings Cap Payout

There is also a earnings cap on commission withdrawals, which again depends on how much an affiliate invests.

These are limited like so:

  • Basic affiliates can withdraw $500
  • Standard affiliates can withdraw $1000
  • Enterprise affiliates can withdraw $4000
  • Essentials affiliates can withdraw $6000
  • Business Pro affiliates can withdraw $8000
  • Premier affiliates can withdraw $10,000

There is no clarification provided in regards to whether these are daily, weekly or monthly caps.

Cost To Join XenixCoin

The cost to join XenixCoin as an affiliate is the cost of the investment in one of the following six packages:

  • Basic – $100
  • Standard – $1000
  • Enterprise – $3000
  • Essentials – $6000
  • Business Pro – $12,000
  • Premier – $25,000

The difference between the packages is how much an affiliate can earn in the associated compensation plan.

The moment you have been waiting for in this XenixCoin review…

Verdict On XenixCoin

First, we don’t know who runs the show in XenixCoin which is VERY important when it comes to joining a MLM company.

Second, XenixCoin is useless outside of the company, sure they claim it’s worth 0.01 BTC, but you can’t buy anything with them like BitCoin.

Third, the investments of affiliates drive the price of these XenixCoin’s up so once recruitment stop, so does the value…

In other words, I personally don’t recommend any company that is in cryptocurrency that doesn’t have any external income coming in the company…

I hope you enjoyed my XenixCoin review and if you have any questions, please leave them in the comments below…

Jesse What Do You Recommend?

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See you at the top,

XenixCoin

-Jesse Singh

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