Realcoin Bid Review – Huge Scam Or Legit System?

Realcoin Bid ReviewAll around the internet, Realcoin Bid 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 Realcoin Bid.

Is Realcoin Bid truly a scam?

Can you build a solid business with Realcoin Bid?

I have gathered all the details about Realcoin Bid so you can make an informed decision.

I’ll tell you everything you need to know in my Review Of Realcoin Bid.

Let’s get started.

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What The Heck Is Realcoin Bid?

Looking at Relicoin Bid’s website, there’s honestly no real background information to be found at all. Along with there being no mention of who founded or who’s running the company, there’s also to indication of where Relicoin Bid is based out of, when it was launched, etc.

The domain name for the Relicoin Bid site was registered earlier this month on December 9, 2017, with the owner being Raghav Singh and an address is Madhya Pradesh, India also being provided.

I tried looking up additional information on Singh, but I was unable to find anything. This could be chalked up to either language barriers or Singh being used as just a namesake and not actually resenting a real person, but there’s far too little detail available to make a conclusion in these regards.

What Are The Realcoin Bid Products?

As for the product line that Relicoin Bid is bringing to the table, there’s really not a whole lot to talk about here either.

Relicoin Bid isn’t marketing or selling anything, and this means that there’s absolutely no presence of retail sales activity.

Affiliates for Relicoin Bid have only the affiliate membership itself to offer to individuals looking for a new income opportunity to join, and this theme is one that’s typically only found with companies that exist in the MLM underbelly.

What About The Compensation Plan For Realcoin Bid?

Moving over to the compensation plan, Relicoin Bid affiliates are asked to invest real money into Relicoin points.

These points are marketed to members as a pre-ICO cryptocurrency, and as such, they aren’t available to trade on the public market.

The internal value of Relicoin points is set by the admin(s) for Relicoin Bid, and all of the trading that takes place is done solely by other affiliates.

In addition to this, affiliates also have the chance to earn on referral commissions.

Referral commissions with Relicoin Bid are connected to something referred to as “Rank BID”, and this system is described by Relicoin Bid as follows:

“f you refer some person and they take participation in BID program. and they submit thire BID. you will take advantage from them.

exp:- you refer 5 person like ram shyam imran salman ganesh and they fill thire BID in INR like 10,15,50,5,30 and you fill 2INR now company take all your referral average BID and Add with your BID.

when we select top BIDER. so now your Rank BID is total referral BID amount/total referral+your BID=rank BID so your Rank BID 55+2=57 and your Position decided by Rank BID.”

Along with this, residual commissions can also be earned. these are handled using a unilevel structure, but for whatever reason, residual rates don’t start getting paid to members until the seventh level of their downline.

From here, level seven members pay out 5%, level eight pays 3%, and level nine offers a commission of 2%.

The compensation plan for Relicoin Bid also mentions something about a weekly ROI that ranges from 9.3% up to 11.3%, but I was unable to find any exact details about how exactly this works.

What’s The Cost Of Joining Realcoin Bid?

If you’re interested in joining Relicoin Bid, you’ll need to make an investment of either Rs. 150 or $2 USD.

So, Is There A Realcoin Bid Scam Going On?

Have you heard that Realcoin Bid 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 Realcoin Bid 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 Realcoin Bid Review And Conclusion!

Relicoin Bid is definitely one of the more confusing MLM opportunities I’ve reviewed lately, and that’s never a good sign when looking for a new company to join in this space.

The compensation plan is way more complicated than it needs to be, and Relicoin describes its business model as follows:

“Our token name is Religion and we are ready for ICO release but before ICO we offer our invester to earn high profit and extra coin geting opportunity.”

Spelling errors aside, Relicoin boils down to something that we see far too often in the MLM world.

The company is promising investors the chance to get in on the ground floor for a new type of cryptocurrency, but seeing as how the internal value is controlled entirely by the admin(s) running the company, there’s no legitimate investment opportunity available at all.

Furthermore, the only money coming into Relicoin is that of affiliate investments.

New funds get used to pay ROIs to existing members, and this results in Relicoin Bid turning into a Ponzi scheme.

Relicoin Bid will only be around as long as new investments keep trickling into the company, but once this stops, that’ll be the end.

Most affiliates will lose out, the admin(s) will make off with the majority of what’s invested, and recovering lost funds will be impossible.  

Did you find this Realcoin Bid Review useful?

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

If you decide to proceed with Realcoin Bid, I want you to be successful.

Get my free training that teaches you my methods.

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