PlatinCoin Review – But I’m Not Promoting It!

PlatinCoin ReviewLately, this business opportunity has been getting a lot of hype on the internet.

People are hyping PlatinCoin all over the place, including a lot of social media.

Has someone already pitched PlatinCoin to you?

The first thing I want to tell you is that I am NOT promoting this business in any way.

I have complied all the facts about it in my PlatinCoin Review so you can discover the truth for yourself!

Have you hear that PlatinCoin is a scam?

That PlatinCoin can’t deliver on it’s promises?

I will tell you all about it in my Review of PlatinCoin.

Let’s get started.

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Exactly what is PlatinCoin?

After tons of digging and searching through the entire PlatinCoin website, I wasn’t able to find a since bit of background data on the company. I searched for info on who owns the business, when it was founded, where it’s currently being run out, and more. None of this is readily available, and that’s not a good sign at all.

Looking at the domain name registration, platincoin.com was first registered back on July 4, 2016 with the owner being listed as PLC Group AG. Along with this, an address over in Zug, Switzerland is also available.

Throughout numerous presentations for PlatinCoin, it’s easily visible that affiliates for the company claim that someone by the name of Alex Reinhardt is the CEO for the brand. This is certainly good to know, but it does raise the question as to why this information is made available on the PlatinCoin website for everyone to see.

Alex Reinhardt appears to currently reside over in Germany, and before he was acting as the CEO for PlatinCoin, he was spending a good chunk of time promoting another MLM opportunity called SwissCoin.

Reinhardt was acting as one of the head people for “Team Germany” within SwissCoin, and he was also one of the highest-ranked individuals with the company as well.

When SwissCoin launched, it became clear right away that the company was up to no good. SwissCoin was found to be a Ponzi scheme that offered affiliates the chance to invest in worthless cryptocurrency points, and the company was hit with a bunch of regulatory warnings from Nigeria, Switzerland, and Germany.

These warnings were followed up by Switzerland taking official legal action earlier this year in 2017, and looking at Alexa rankings for the SwissCoin website, it’s easy to see that traffic hit a steep and steady decline once this took place.

With SwissCoin being dead and out of commission, Reinhardt likely used this as his motivation to go about with the launch and creation of PlatinCoin.

And, as such, here’s just what the company is bringing to the table.

PlatinCoin Scam

Are There Any PlatinCoin Products?

Very similar to SwissCoin, PlatinCoin doesn’t have a legit product line in place at all.

There aren’t any goods or services being sold to retail customers, and this is never a good sign in the world of MLM opportunities.

If and when someone decides that they’d like to join PlatinCoin as an affiliate, they’ll gain access to PLC Network, PLC Market, and something that PlatinCoin calls an “online platform with training content.”

Although these’s no information as to what that “online platform” actually consists of, it’s said that PLC Network is a social network within PlatinCoin whereas PLC Market is the company’s own e-commerce marketplace.

Can You Tell Me About The Compensation Plan For PlatinCoin?

When it comes to making money with PlatinCoin, affiliates are asked to invest between 5 EUR and 10,00 EUR into the company. This investment activity rewards members with an ROI, and when an investment is made, affiliates are able to get their hands on PlatinCoins — PlatinCoin’s own cryptocurrency.

PlatinCoins currently have a value of 0.10 ERU per coin, and since they aren’t tradable on the public market, they can only be exchanged for real dollars through PlatinCoin’s own in-house exchange — Turbo Button PLC.

At the time of writing this review, PlatinCoin says that the overall value of PlatinCoins will be set at a higher rate after May 11, 2017 by the company itself.

PlatinCoin also offers residual commission to its members, and this incentives affiliates to recruit other individuals to join the company and invest their own money as well.

What Is The Fee To Join PlatinCoin?

If what PlatinCoin is offering sounds appealing to you, you’ll need to make an investment of at least 5 EUR in order to get involved with the compensation plan.

Choosing to invest more and more will increase your overall income potential within the company, and if you’re really feeling adventurous, you can choose to invest as much as 10,00 EUR.

Is PlatinCoin Truly A Scam?

If you’ve been doing your research on PlatinCoin, you may have heard from some people that it’s a scam, and from other’s that it’s totally legit.

After reading my review, you might not be sure for yourself.

So, what’s really going on here?

Is PlatinCoin a scam, or can you make a legit business with it?

To be honest, I am not sure PlatinCoin is a complete scam.

However, I did find a few things to be aware of before you join, which will help you to be successful if you join.

Also, see below for help with making money online.

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Read Here For My PlatinCoin Conclusion!

It’s rather obvious that PlatinCoin has created an opportunity in which people can join the company by investing money into virtual coins in order to secure an ROI.

Despite this apparent activity that’s taking place, PlatinCoin claims that, “We do not sell coins, we sell the training content and technological solutions.”

Along with this, PlatinCoin says that it is able to generate money for its affiliates and the offered ROIs through —

  • “sales of business packages”
  • “the social network”
  • “the crowd funding platform”
  • “the online shop”
  • and “real assets”

“Sales of business packages” is another way for PlatinCoin to talk about money that affiliate are investing into the company, and in reality, this is the only source of income that’s actually bringing money into PlatinCoin.

Because of this, PlatinCoin then uses newly invested funds from certain members in order to pay off the ROIs that are owed to individuals that have been affiliates for some time. This create for PlatinCoin operating as a Ponzi scheme, and like all other Ponzi schemes, it will shut down and collapse once recruitment/investment activity eventually dies off.

Reinhardt will be one of the only individuals that actually comes out on top of PlatinCoin, as the structure of the compensation plan will see most everyone else losing out.

This is essentially what happened with SwissCoin, and the final outcome doesn’t look to be any different for PlatinCoin.

I hope you have gained a lot of value from my PlatinCoin Review.

I have found other reviews are scant on details, so I wanted to make sure you had everything you need here.

If you do decide to move forward with PlatinCoin, I think the info I have given here will help you.

Moving forward, you need to take care of marketing yourself, which you can learn how to do with my free training. Click below.

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