YoCoin Review: Legit Business Opportunity or Scam?
Welcome to my YoCoin Review!
Chances are someone approached you about this company in person or on social media and now you are here to make sure it’s actually legit.
The good new is your actually doing your research instead of blindly jumping into something…
In this blog post, I am going to walk you through the company, the products and compensation plan so you can make the right decision to join or not…
Find out if this is legit or a scam!
YoCoin Review – The Company
There is no information on the actual YoCoin website on who runs the show around there.
What I did see was a Thailand address provided, but it’s just a virtual office space.
The domain name “yocoin.org” was purchased December 3rd 2015, but the domain registration is set to private.
Also, 30% of the traffic is coming from India according to Alexa…
That’s all the information on it so far…
They are trying hard to keep themselves from the public and I personally never recommend a company that isn’t upfront about the owners or leadership.
YoCoin Reviews – The Products
YoCoin doesn’t have any real products or services, but offer their affiliate membership.
They do have a YoCoin that is worth about 17 cents or 0.00025 BTC…
This is what they say about their YoCoin:
YoCoin is a decentralized, peer-to-peer digital currency that enables you to easily send money online. Think of it as “the internet currency.” YoCoin provides a once in a lifetime opportunity, revolutionizing the business world of todays digital economy. The YoCoin concept is born out of the success of the pioneering cryptocurrency, Bitcoin
That’s about it…
YoCoin Compensation Plan
When you sponsor members in this business, you get paid commissions on them.
When you invest in YoCoin, you will receive Yocoins 30 days after your investment at a rate of 5% of coins per week.
When you sponsor someone in YoCoin, you will earn 10% of the invested amount.
Residual income is paid through their binary compensation plan structure.
This just means you have two teams and legs and can have one on the left and one on the right.
The binary can be filled with direct or indirect members.
In this compensation plan, you get paid 10% on the lesser leg in investment volume.
There are caps according to how much you have invested:
- $50 investment volume = $500 a week in binary commissions
- $100 investment volume = $1000 a week in binary commissions
- $500 investment volume = $5000 a week in binary commissions
- $1000 investment volume = $8000 a week in binary commissions
- $2000 investment volume = $12,000 a week in binary commissions
- $5000 investment volume = $20,000 a week in binary commissions
- $10,000 investment volume = $35,000 a week in binary commissions
Up to $2000 of your own investment can count towards this, but the rest has to come from recruited affiliates.
Binary Matching Bonus
You can earn 10% on your personally enrolled members on their binary pay.
Yo Coin puts 1% of total investments into a Yo Club pool.
This then is split between the qualified affiliates.
To qualify, you must earn $10,000 of volume on both legs of the binary.
Each month, you must recruit two people who have invested at least $1000 or more.
You can earn another 10% matching bonus on personally recruited members.
Yo Coin charges 10% whenever affiliates convert virtual wallet commissions to real money.
Yo Coin members have to revinest 30% of their commissions paid back in YoCoin.
Cost To Join YoCoin
To join YoCoin, you must investment anywhere between $50 to $2000.
The more you invest, the more you get paid in their compensation plan.
YoCoin Review – The Verdict
Any company that doesn’t disclose who they are is a big red flag…
Also, the company makes money by affiliates investing int he company, there isn’t any outside source of income…
This means once recruitment slows down, so will the ROI’s…
YoCoin doesn’t seem to be registered with the SEC or securities regulators either…
Also, there is no demand of YoCoin outside of this company and they are worthless…
17 cents per coin?
Who wants to invest in that anyway.
Well, that’s it from me…
I personally don’t recommend this company…
I hope you enjoyed my YoCoin review and if you have any questions, leave them in the comments below…
What Should You Join?
People always ask me “Jesse what do you do, I want to join you!”.
I have actually been involved with a few businesses in the past and I am one of those people who actually stick with them until they work.
I don’t go around joining new deals every month.
In my entire online career, I have been part of just two…
Now having that said…
It’s the only business out there that shows you step by step on how to build a business online.
It gives you real knowledge and tools.
The best part is you get a one on one coach in the system to help you every step of the way.
They got through your personal goals and build a game plan catered to you.
Just take a look at my results below:
And I am not the only one…
Take a look at some of my members below:
In other words, this works 🙂
You will thank me later 🙂
Follow me on Social media below (I am a real person :)):
To Your Success,
P.S. Sign up for my news letter below if you want to transform your financial life.