SaxoCoin Review – Good Opportunity Or Big Scam?

SaxoCoin ReviewHave you been hearing a lot about SaxoCoin lately?

There is a lot of hype happening for SaxoCoin, and people are pitching the opportunity all over the place – especially on social media.

The first thing I should tell you is that I am not associated with SaxoCoin in any way.

I have gathered all the pertinent facts about this opportunity in my SaxoCoin Review so that you can know the full truth before signing up.

Is SaxoCoin a scam? Or is it really legit?

Will I be able to make real money with it?

I tell you all in my Review of SaxoCoin.

Let’s get going!

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What Is SaxoCoin Exactly?

SaxoCoin is one of the most recent MLM opportunities to hit the scene, and it unfortunately makes a very poor first impression.

Look as much as I did, there’s no background information about SaxoCoin to be found on its official website. There’s no mention of who owns the company, when it was founded, or anything along these lines.

There is an address listed on the site, but just a little bit of digging shows that its a virtual office space owned by ServCorp over in Hong Kong.

The domain name for SaxoCoin’s website was registered on January 4, 2018, and because the registration is kept private, there’s no way to disclose where it took place or who the domain owner is.

SaxoCoin Scam

What Will I Be Selling With SaxoCoin?

Keeping with the trend of disappointment, SaxCoin isn’t marketing or selling goods or services of any kind.

The only thing affiliates can promote is the affiliate membership, and the main draw to this is the income opportunity that comes bundled with it.

A setup like this results in there being absolutely no retail sales activity, and in the MLM space, that’s a huge red flag.

There are a lot of opportunities that launch without a product line, but the ones that do always exist for the sole purpose of scheming people out of their hard-earned cash.

What Should I Know About The Compensation Plan For SaxoCoin?

Should you choose to join SaxoCoin for whatever reason, you’ll need to acquire SAXO points from the folks that own the company.

You’ll pay between 75 cents and $1 for each point, and after you buy enough, these need to be lent back to the owners. Doing this enables you to earn an ROI up to 45% each month, and as you buy more and more, you increase your earning potential.

SaxoCoin has various investment tiers that you can choose from, and they work out as follows:

  • Affiliates earn a daily ROI for 299 days after investing $100 to $1000
  • Affiliates earn a daily ROI + 0.1% bonus for 179 days after investing $1010 to $5000
  • Affiliates earn a daily ROI + 0.15% bonus for 139 days after investing $5010 to $10,000
  • Affiliates earn a daily ROI + 0.2% bonus for 120 days after investing $10,010 to $100,000

A unilevel system is also offered so affiliates can earn on referral commissions, and with this, SaxoCoin lets people earn down to seven levels of recruitment.

As for the rates that are offered for each level:

  • Level 1 pays 5%
  • Level 2 pays 3%
  • Level 3 pays 2%
  • Level 4 pays 1%
  • Level 5 pays 0.5%
  • Level 6 pays 0.3%
  • Level 7 pays 0.2%

What’s The Membership Fee For SaxoCoin?

You can join SaxoCoin for free and earn on just referral commissions, but investing $100 or more will allow you to start earning on these and the ROI that’s offered.

Is SaxoCoin Really A Scam?

If you’re like me, you’ve been researching SaxoCoin and you may have heard that it is a total scam.

From what you have read above, you may not be able to tell if it is legit or not.

So, is it really a scam?

Is SaxoCoin a scam, or can you trust the company?

I would say SaxoCoin isn’t a complete scam, but there are definitely some things you should be cautious of – check out the conclusion to find out what those are.

Being prepared will help you be successful. Also, see below to get my tips for making money.

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My Conclusion For SaxoCoin

SaxoCoin’s website claims it can generate funds for the ROI thanks to a “trading bot”, but as the story often goes, there’s no proof that this bot exists.

Because of this, that means SaxoCoin’s only source of revenue comes from affiliate investments. New members join, they invest money, and this is then used to pay ROI liabilities owed to other affiliates.

In other words, SaxoCoin is operating as a Ponzi scheme.

A lot of companies similar to SaxoCoin have been entering the MLM underbelly lately, and they all end up with the same fate. People join, invest their cash on the hopes of making it big, but a collapse will eventually happen and cause for a lot of trouble.

The anonymous admin(s) behind SaxoCoin will make off with the lion’s share of what’s invested, most affiliates are going to lose out, and recovering any money that is lost will be impossible.

Unless that sounds like a good time, this is an opportunity you’ll want to steer clear of.

I sure hope you have found all the information in this SaxoCoin Review helpful.

Some reviews may be biased or trying to sell you something else, so I wanted you to have all the details from someone not affiliate with SaxoCoin.

If you decided to move forward with SaxoCoin, you’ll still need help marketing yourself.

My FREE training will help you with that.

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