CarCoin Review – Good Opportunity Or Big Scam?

CarCoin ReviewHave you been hearing a lot about CarCoin lately?

There is a lot of hype happening for CarCoin, and people are pitching the opportunity all over the place – especially on social media.

The first thing I should tell you is that I am not associated with CarCoin in any way.

I have gathered all the pertinent facts about this opportunity in my CarCoin Review so that you can know the full truth before signing up.

Is CarCoin a scam? Or is it really legit?

Will I be able to make real money with it?

I tell you all in my Review of CarCoin.

Let’s get going!

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

What Is CarCoin Exactly?

CarCoin is the latest MLM opportunity to make an impression on my radar, and after checking out the company’s official website, I came away pretty disappointed.

Similar to a lot of other entities in the MLM scene right now, CarCoin doesn’t disclose who its owners are, where it’s based out of, or when it was founded. This is all information that should be readily available at all times, so the fact that CarCoin doesn’t offer any of it is concerning.

The domain name for the website was registered on September 27, 2017, but because this was done privately, it’s impossible to see who the owner of the domain is or where in the world the registration took place.

With that said, it appears that Vietnam is where CarCoin is being run out of.

A lot of the company’s marketing material is presented in the Vietnamese language, and Alexa rankings indicate that 67% of all site traffic comes out of Vietnam.

CarCoin Scam

What Will I Be Selling With CarCoin?

On the product line side of things, this is another area where CarCoin really disappoints,.

You won’t find a single good or service being sold here, meaning that there’s no chance for retail sales activity to exist in any form.

A setup like this leaves affiliates with only the affiliate membership to offer, and in my experience conducting these reviews, this is something that’s only ever seen with opportunities that exist in the MLM underbelly.

What Should I Know About The Compensation Plan For CarCoin?

Should you choose to join CarCoin, you’ll be asked to invest your hard-earned dollars into CSC points.

These CSC points are pre-generated by CarCoin’s owner, and they’ll cost you between 30 and 90 cents per each point.

After buying so many of them, you’ll then need to lend them back to CarCoin’s owners so you can earn a monthly ROI that pays up to 24%.

There are four main investment tiers you can choose from with CarCoin, and they work out as follows:

  • Affiliates invest between $200 and $1000 to get an ROI for 299 days
  • Affiliates invest between $1010 and $10,000 to get an ROI + 0.1% bonus for 239 days
  • Affiliates invest between $10,010 and $50,000 to get an ROI + 0.15% bonus for 179 days
  • Affiliates invest between $50,010 and $100,000 to get an ROI + 0.2% bonus for 120 days

Along with this, CarConi also allows its members to earn on residual referral commissions.

These are paid using a binary structure, and at the end of each week, CarCoin totals up how many points were added and then pays a 10% matched commission for both sides of the binar.

What’s The Membership Fee For CarCoin?

You can join CarCoin for free, but if you do this you’ll only be able to earn on referral commissions.

If you want to earn these and the ROI mentioned above, CarCoin will require you to invest $200 or more.

Is CarCoin Really A Scam?

If you’re like me, you’ve been researching CarCoin and you may have heard that it is a total scam.

From what you have read above, you may not be able to tell if it is legit or not.

So, is it really a scam?

Is CarCoin a scam, or can you trust the company?

I would say CarCoin isn’t a complete scam, but there are definitely some things you should be cautious of – check out the conclusion to find out what those are.

Being prepared will help you be successful. Also, see below to get my tips for making money.

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

My Conclusion For CarCoin

On its website, CarCoin tries presenting itself as some sort of alternative to the likes of Uber and Lyft:

“Mycar is a Blockchain technology platform. Our smartphone apps connect driver-partners and riders.

As soon as you register for the service, you will be given a Cryptocurrency Wallet right on your application.

The payment is very flexible. You can use Cash, Card or Cryptocurrency for payment.”

However, despite what CarCoin is touting here, there’s no MyCar app to be found.

In other words, the above copy is a blatant lie and CarCoin is nothing more than a typical Ponzi scheme.

Like all other Ponzi schemes that have come before it, CarCoin will collapse as soon as investments stop coming in. This will see most everyone losing out with no way to recover their invested funds, and because of this, I can’t recommend anyone join this opportunity.

I sure hope you have found all the information in this CarCoin Review helpful.

Some reviews may be biased or trying to sell you something else, so I wanted you to have all the details from someone not affiliate with CarCoin.

If you decided to move forward with CarCoin, you’ll still need help marketing yourself.

My FREE training will help you with that.

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

Speak Your Mind

*