The ChampCoin Review – Huge Scam Or Legit System?

The Champ Coin ReviewAll around the internet, The ChampCoin 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 The ChampCoin.

Is The ChampCoin truly a scam?

Can you build a solid business with The ChampCoin?

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

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

Let’s get started.

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What The Heck Is The ChampCoin?

Upon visiting The ChampCoin’s website, you’ll be presented with a message that claims the company is, “open and honest in our dealings.” That may create for some reassurance for a second or two, but that feeling is quickly diminished when you see that there isn’t any amount of background info on the company’s site at all.

I tried looking around to see who the owner of The ChampCoin is, where the operation is based out of, when the company first got started, etc. For all these questions and more, I was unable to find any answers on The ChampCoin’s webpage.

Additionally, you won’t find any info with the domain name registration.

The domain for The ChampCoin’s site (thechampcoin.com) was registered privately on January 25 of this year. As such, there’s no way of telling who registered the domain or where the registration process took place.

Thankfully, not all hope is lost quite yet.

After more digging and snooping around, I came across some marketing material that indicates a man by the name of Mahesh Verma as the founder of The ChampCoin. I then headed over to Verma’s LinkedIn profile, and this is where you can see that he currently resides in Haryana, India.

Before Verma launched The ChampCoin, he was the sole admin for ChampCash.

ChampCash was an opportunity that paid its affiliates to install various applications, as each app install then resulted in a commission being sent out.

Current Alexa rankings for ChampCash’s website show that there was a pretty big traffic surge around late 2016, but things then started going nowhere but downhill throughout pretty much all of 2017.

With ChampCash on its way out, it makes sense as to why Verma would choose now to launch The ChampCoin.

Is there anything different with The ChampCoin? Or is this just another way for Verma to scam even more people out of their hard earned dollars?

The Champ Coin Scam

What Are The The ChampCoin Products?

The first similarity between The ChampCoin and ChampCash can be seen on the product line side of things.

Well, I guess I should say the lack thereof.

Neither companies have a product line in place, and this is pretty typical for all entities that exist in the MLM underbelly.

No product line means that affiliates have only the affiliate membership to offer to people that are looking for a new income opportunity, and all of this results in there being a noticeable lack of any retail sales activity throughout The ChampCoin.

What About The Compensation Plan For The ChampCoin?

If you do decide to join The ChampCoin, you’ll be told that you can earn a 9 ROI every 6 months after investing your money into ChampCoin points.

These points (also referred to as ChampCoins) are not publicly tradable in any form. you can only access them through The ChampCoin mobile app, and affiliates trade ChampCoin through this app as well.

When someone new joins The ChampCoin, they must purchase 50 ChampCoins at the current rate that they’re selling for in order to participate in the attached income opportunity.

As per usual with MLM entities along these lines, The ChampCoin has complete control over the value of ChampCoins and can adjust it as it pleases.

Recruitment Commissions

In addition to the offered ROI, affiliates can also earn money by recruiting more and more people into the company.

Recruitment commissions are paid out via a unilevel system, and rather than paying affiliates in regular USD, affiliates are paid in ChampCoins for their recruitment activities.

What’s The Cost Of Joining The ChampCoin?

Although it is free to initially join The ChampCoin, affiliates are required to buy at least 50 ChampCoins in order to have access to the money being offered through the compensation plan.

At the time of writing this review, The ChampCoin does not indicate the current value of ChampCoin.

So, Is There A The ChampCoin Scam Going On?

Have you heard that The Champ Coin 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 The Champ Coin 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.

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Finally, My The ChampCoin Review And Conclusion!

Pump and dump altcoin scams are currently one of the most popular operations throughout the MLM underbelly, and that’s exactly what we’re dealing with in the case of The ChampCoin.

Affiliates are asked to pour real money into ChampCoin, but seeing as how this coin has literally no value outside of The ChampCoin system, it’s essentially worthless with no real world value.

On top of this, the only money making its way into The ChampCoin is money that affiliates pay to invest into ChampCoins. The funds used to pay off the ROIs and commissions come directly through these affiliate investments, and as such, The ChampCoin operates as a Ponzi scheme.

Once affiliates stop joining and sinking money into the worthless Ponzi points that are ChampCoins, the entire operation here will be no more. There won’t be any money left to pay affiliates that are expecting some more of compensation, Verma will run off with whatever he’s earned during the lifespan of The ChampCoin, and most everyone involved will lose out.

There’s no happy ending to this story, so do yourself a favor and stay as far away from it as possible.

Did you find this The ChampCoin Review useful?

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

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

Get my free training that teaches you my methods.

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