BeFargo Review – Huge Scam Or Legit System?

BeFargo ReviewAll around the internet, BeFargo has been getting lots of buzz.

It would not surprise me if you told me you’ve heard of it, or someone has pitched it to you.

It’s also really popular on social media.

This first thing you should know is that I am NOT an affiliate or distributer for BeFargo.

Is BeFargo truly a scam?

Can you build a solid business with BeFargo?

I have gathered all the details about BeFargo so you can make an informed decision.

I’ll tell you everything you need to know in my Review Of BeFargo.

Let’s get started.

 Name: Email: We respect your email privacyEmail Marketing by AWeber 

What The Heck Is BeFargo?

BeFargo is one of the latest MLM opportunities to peek my interest for a review, and unfortunately for BeFargo, it’s official website makes an incredibly poor first impression.

You won’t find any information on the site in regards to who owns the company, who founded it, where BeFargo is based out of, etc.

Essentially, any pertinent background data is completely absent.

As for the domain name registration, it is easy to see that this took place on September 4, 2016. However, thanks to the domain being registered privately, it’s impossible to tell who the owner is or where the registration took place.

Going through the BeFargo website, there’s a load of text that indicates the company is based out of the United States. Despite this, here’s a bit of copy that can be found within the site’s Terms and Conditions —

“For all legal purposes, these Terms of Use shall be governed by the laws applicable in the UK. You agree and hereby submit to the exclusive personal jurisdiction and venue of the UK for the resolution of any disputes arising from these Terms of Use.”

Furthermore, the vast majority of the marketing material for BeFargo is written/typed in Russian.

BeFargo held some sort of event in California some time ago, and the main speaker was a man by the name of Robert Steenburgh.

Robert Steenburgh was presented at the event as a “cryptocurrency expert”, and he used a lot of his time to talk about FargoCoin — BeFargo’s own form of cryptocurrency.

Koryaka Eli hosted this event, and his accent suggest that he is from somewhere in Europe.

Outside of this event, I found it odd that I wasn’t able to any information on either Steenburgh or Eli.

BeFargo Scam

What Are The BeFargo Products?

Similar to lots of other shady MLM opportunities that have been launching lately, BeFargo falls into the same pitfall of not having any goods or services available for retail customers to purchase.

This creates for the lack of retail sales activity, and this is one of the most telling signs for a company that exists within the MLM underbelly.

With that said, it is worth mentioning that affiliates for BeFargo have the ability to invest their money into one of seven different packages that are made available to them.

Tokens come bundled with these various packages, and the tokens can be concerted into FargoCoin through BeFargo’s FargoBase.

BeFargo advertises FargoCoin as a “proof of stake” cryptocurrency, and this essentially means that FargoCoin are tradable on a public level.

At the time of writing this review, FargoCoin has an estimated value of $6.53 per one coin.

What About The Compensation Plan For BeFargo?

If and when you decide to become an affiliate for BeFargo, you’ll be able to earn money by investing into FargoCoin and recruiting other individuals to join and do the same thing.

As I mentioned earlier, there are seven different levels that you can choose to invest into.

The first level (Silver) costs 10 FargoCoins, and doing this will result in you being able to earn 100 tokens. The seven and final level (Trader) requires an investment of 3000 FargoCoins in order to secure 30,000 tokens.

In regards to the recruitment side of things, the amount of money you invest into BeFargo has a saying on how much cash you earn through your recruitment activity.

Affiliates who are ranked Silver through Titanium earn a direct commission rate of 10%, VIP members earn 12%, and those ranked as a Trader affiliate area able to earn 15%.

What’s The Cost Of Joining BeFargo?

Interested in joining BeFargo? If so, you’ll need to cover the basic membership fee for the cost of 5 FargoCoins. From here, you’ll then need to make an investment in one of the seven available packages.

As such, you’ll be looking at another cost between 10 and 3000 FargoCoins.

So, Is There A BeFargo Scam Going On?

Have you heard that BeFargo is a scam?

It’s hard to tell if this is true or not, because a lot of people are just trying to sell you something.

So, from reading this, is BeFargo a scam or is it legit?

I would say not exactly, but there are a few things to watch out for, find out what in the conclusion.

Learning about these things will make you successful – and see below for my FREE training on how to market yourself.

 Name: Email: We respect your email privacyEmail Marketing by AWeber 

Finally, My BeFargo Review And Conclusion!

What I found odd about BeFargo is the fact that the available packages can only be bought by using FargoCoin.

Because of this, affiliates likely need to sign up, covert real dollars to FargoCoin, use that FargoCoin to buy the packages which come with tokens, and then convert those tokens for even more FargoCoin.

This is essentially the only thing that’s taking place throughout the company, and the investments being made by affiliates is the only identifiable source of income.

As such, BeFargo is operating as a Ponzi scheme.

Cryptocurrency-based Ponzi schemes have skyrocketed in popularity lately, and BeFargo isn’t really any different than the flood of other similar scams.

Once recruitment/investment levels finally die down, BeFargo will run out of money and be unable to pay out the ROIs it’s advertising to its members.

Following this downfall, the admin(s) will snatch up the lion’s share of all the money and then leave everyone else to fend for themselves and ultimately lose out.

Did you find this BeFargo Review useful?

I wanted to gather all the details for you, because I have noticed other BeFargo reviews have been scant on details.

If you decide to proceed with BeFargo, I want you to be successful.

Get my free training that teaches you my methods.

 Name: Email: We respect your email privacyEmail Marketing by AWeber 

Speak Your Mind