EigenCoin Review – Good Opportunity Or Big Scam?

Eigencoin ReviewHas someone tried to pitch you the EigenCoin opportunity lately?

EigenCoin is a really popular and new opportunity that is making it’s rounds on social media among network marketers.

Now, first off, let me make it clear I am NOT promoting this business opportunity as an affiliate or distributor.

I have all the facts about this business in my EigenCoin review so you can learn the full truth about it!

Is EigenCoin a scam?

Can you make an honest business with EigenCoin?

Let me show you in my review of EigenCoin.

Read on for all the details.

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

EigenCoin – What Is It??

Taking a gander through EigenCoin’s website, there’s unfortunately not much of anything to report on.

EigenCoin provides absolutely no background info on its site at all, meaning that there’s no way of knowing who owns the company, where it’s being run out of, when it was founded, etc.

The only real bit of info that’s worth mentioning is the fact that the domain name (eigencoin.co) was registered on April 4, 2017. Even the, the private nature of the registration makes it impossible to know where in the world the registration took place or who the owner of the domain is.

Eigencoin Scam

The Product Line For EigenCoin

As for the product line, this is another area where EigenCoin disappoints.

There are absolutely no goods or services being sold to retail customers, and because of this, it’s impossible for EigenCoin to see any sort of retail sales activity.

The affiliate membership is the only thing that members for EigenCoin have to offer to individuals, but that’s not enough for a legitimate MLM opportunity.

In my experience, the only companies that can survive offering an affiliate membership are those that exist in the MLM underbelly.

What Should I Know About The Compensation Plan?

Should you choose to join EigenCoin for whatever reason, you’ll be asked to invest in EIGC points that range in value between 70 cents and $1.10.

Affiliates that invest in points can then lend these back to the company, and when this happens, an ROI is paid out.

There are three main investment levels to choose from, and they include:

  • Members that invest up to $1000 earn a daily ROI and daily bonus of 0.03%
  • Members that invest $1001 to $5000 earn a daily ROI and daily bonus of 0.04%
  • Members that invest $5001 to $20,000 earn a daily ROI and daily bonus of 0.05%

The regular daily ROI isn’t mentioned by EigenCoin, but it is stated that this goes “up to 1%.”

In addition to this, a 100% ROI is paid out to members over the course of 60 days. However, if you’d like to increase the total ROI that you earn, you can do so with the following tactics:

  • Invest for a total of 100 days, get an ROI bonus of 1.1x
  • Invest for a total of 199 days, get an ROI bonus of 1.3x
  • Invest for a total of 299 days, get an ROI bonus of 1.5x

Referral commissions area also present here, and this allows members to earn down to five levels of affiliate recruitment through the use of a unilevel system.

How Do I Join EigenCoin?

If you’re interested in joining EigenCoin, you can initially do so for free and earn only on referral commissions.

With that said, full participation in the income opportunity will require an investment into the EIGC points being offered.

Is EigenCoin Really A Scam?

Have you been hearing that EigenCoin is a scam?

Have you heard EigenCoin is legit?

It can be hard to tell with so many different people telling you different things.

So, what’s the truth – is EigenCoin a scam or is it a good business?

I would say it’s not really a scam. There are a few things you should be aware of before joining.

The best way to be successful is to be prepared going in, and have a plan to market yourself.

If you want help marketing and making money, see below.

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

Conclusion for EigenCoin

Similar to many other opportunities hitting the MLM space right now, EigenCoin is touting the EIGC points as the next big ICO.

Looking at EigenCoin’s business model, the company says:

“Our team of expert analysts will reinvest a portion of our funds into the latest and most promising ICOs, redistributing profits back to our users.

All ad revenue generated on our exchange will be redistributed back to our customers.

This number will only increase as we grow our community and traffic.”

However, there are a few issues here.

EIGC points are completely worthless outside of the EigenCoin system and the only money coming into the company is that of affiliate investments.

Because of these two things, it’s rather obvious that EigenCoin is operating as a Ponzi scheme.

Most people involved with EigenCoin will end up losing out when the company inevitably collapses, and while this happens, the anonymous admin(s) will take off with the majority of the cash that’s been invested.

This isn’t an opportunity you want to find yourself wrapped up in, so I’d suggest looking elsewhere in the MLM space.

I hope you got all the details you needed to make an informed decision in this EigenCoin Review.

Bears of anyone trying to sell you something in their review articles.

If you do want to proceed with EigenCoin, make sure you know how to market properly.

My FREE training below will help you.

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

Speak Your Mind