Hab Coin Review – Good Opportunity Or Big Scam?

Hab Coin ReviewHas someone tried to pitch you the Hab Coin opportunity lately?

Hab Coin 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 Hab Coin review so you can learn the full truth about it!

Is Hab Coin a scam?

Can you make an honest business with Hab Coin?

Let me show you in my review of Hab Coin.

Read on for all the details.

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Hab Coin – What Is It??

In the case of Hab Coin, the company does not offer any information in regards to who owns or runs the company. Although this doesn’t mean immediate failure for a company, it’s certainly never a good thing to see.

With past MLM opportunities that we’ve reviewed, the absence of this information for a company often results in them being some sort of scheme or scam. So, is that the case for Hab Coin?

First, we need to look deeper into the company. Although the website doesn’t list any names in regards to the company’s ownership, it does claim that Hab & JPR Privee Group of Companies is a partner for Hab Coin.

This partner comes along with numerous address, with them being located in Hong Kong, England, Israel, and even the Cayman Islands. However, according to a report that was conducted by South African media, HAB & JPR was found to be a “Swiss company.”

That same report lists someone by the name of Marco Lacchini to be a “master partner” for the company. Unfortunately, there’s currently no information that ties Marco to Hab Coin itself.

However, the contradicting information doesn’t stop there. The domain name for the Hab Coin website was registered back on February 17th of this year, 2016, and it appears to have been registered somewhere in Italy.

That’s not a great first impression of the company, but without any further ado, here’s what Hab Coin is offering to prospective affiliates.

Hab Coin Scam

The Product Line For Hab Coin

Unfortunately for Hab Coin, the less than stellar information doesn’t stop. Hab Coin doesn’t have any sort of product line in existence, and that creates for a pretty big issue. With no product line, there’s no chance for retail money to come into the company.

Once an affiliate does sign up for Hab Coin’s affiliate program, they’re granted with the opportunity to invest in something called “Habcoin.”

Habcoin is the company’s own form of cryptocurrency, and at the time of this writing, it’s currently not tradeable on the public market.

What Should I Know About The Compensation Plan?

For affiliates to earn money through Hab Coin, they’ll need to not only invest in Habcoins themselves, but also enlist other individuals to do the same thing.

Hab Coin Affiliate Ranks

Affiliate ranks are no stranger to the world of MLM. They allow affiliates to see tangible progress as they move up through a company, and Hab Coin ensures that they make full use of this business practice.

There are 15 total ranks for affiliates to work through, and they are able to progress through higher ranks by both generated larger amounts of Business Volume and recruiting affiliates who also obtain higher-leveled ranks.

Commission Qualifications

In order to be eligible to earn the commissions that the company is offering, Hab Coin affiliates will need to generate a certain amount in their respective downline.

Essentially, the larger Business Volume that an affiliate generates each month, the longer they’ll be able to qualify for commissions.

Business Volume essentially translates to personal investments from affiliates, and those investment costs range from 92, 244, and 2440 EUR.

Those plans there will grant affiliates with access to commissions for 1, 3, and 12 months respectively.

Residual Commissions

In regards to residual commissions in the company, Hab Coin handles these through the use of a pretty common unilevel system.

Teams within the unilevel system are filled through both direct and indirect recruitment, and the commissions here are paid out to affiliates as a certain percentage of the total sales volume that has been both invested and generated in a certain team.

Similarly, the amount of money that stands to be earned is entirely based upon the rank an affiliate obtains.

Higher ranks result in not only larger percentages, but also the ability to earn off of additional levels within your team.

Matching Bonus

Similar to other MLM opportunities, Hab Coin has a matching bonus setup that their affiliates are able to earn additional income through.

This bonus is a match of the commission that’s earned throughout an affiliate’s team within the unilevel system that we talked about above, and once again, the amount of money that an affiliate is eligible to earn is entirely dependent on their rank within the company.

Hab Coin Compensation Plan

How Do I Join Hab Coin?

If you’re interested in joining Hab Coin, you’re going to have to pay a monthly membership fee. The amount of this fee is dependent on how many months you want to be eligible to earn commissions, and spending more money will result in a longer earnings period.

The plans cost 100, 150, and 1500 EUR. In turn, they grant affiliates with access to Hab Coin’s commissions for 1, 2, and 8 months respectively.

Is Hab Coin Really A Scam?

Have you been hearing that Hab Coin is a scam?

Have you heard Hab Coin is legit?

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

So, what’s the truth – is Hab Coin 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.

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Conclusion for Hab Coin

The world of cryptocurrency is one that appears to be on a continuous rise. While this is great for those people who have legitimate investments in real, tradeable currencies, it also creates for opportunities for scammers to steal money from people who are under the impression that they’re investing into a real, legitimate form of money.

While Hab Coin does allow affiliates to invest into Habcoins, the fact that they aren’t publicly tradeable means that they’re ultimately worthless anywhere outside of the Hab Coin system.

The Hab Coin website does mention that Habcoins will be able to be exchanged starting on August 26th, but this appears to mean that they’ll be tradeable within the Hab Coin system as well. So, once again, this isn’t a type of currency that’s being use on any real market.

So, at the end of the day, Hab Coin has affiliates investing into a virtually worthless form of cryptocurrency.

Additionally, thanks to the compensation plan that is set in place, it’s also quite obvious that affiliates are required to sign up for a monthly autoship if they want to remain eligible to earn the potential commissions that are being offered.

Without a product line, the only money coming into the company is coming directly through investments of other affiliates. So, when it comes time to pay out commissions, Hab Coin is funding these through previously invested money from other affiliates.

And, in turn, we’re met with a Ponzi scheme element.

Here’s what we have when we look at everything all together –

Affiliates are investing into a worthless form of cryptocurrency, people are required to sign up for a monthly autoship if they want to continue to earn commissions, and Hab Coin has very strong elements of both a pyramid and Ponzi scheme taking place.

Right there, it doesn’t take a lot to realize that there’s no real money to be made here.

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

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

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

My FREE training below will help you.

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