XenixCoin Review – Huge Scam Or Legit System?

XenixCoin ReviewAll around the internet, XenixCoin 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 XenixCoin.

Is XenixCoin truly a scam?

Can you build a solid business with XenixCoin?

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

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

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What The Heck Is XenixCoin?

When looking at XenixCoin, it doesn’t take long at all to realize that the company we’re dealing with here doesn’t know how to make a solid first impression.

The official website for XenixCoin is tremendously lacking in regards to available background information, as there isn’t any available information in regards to who owns the business, who’s involved with it on the executive level, or where in the world it’s physically based out of.

This is all info you come to expect from any honest or legitimate company, so the lack of it here with XenixCoin is a bit troubling to say the least.

Moving on from the XenixCoin website, the domain name registration showcases that the registration took place on October 11th of this year (2016). Along with this, it’s also stated that someone by the name of Louis Hutchinson of Xenix Technologies LTD is the owner of said domain.

I tried looking into Louis Hutchinson to see what kind of background information the man has, but outside of his involvement with XenixCoin and Xenix Technologies, I wasn’t able to find any third-party info on him.

Going back to the XenixCoin website, there is a corporate address listed on it that’s located in London. However, further research into this domain reveals that it’s actually a virtual office space that’s being rented out by i2 Office.

XenixCoin does claim that they’re incorporated in the United Kingdom, but from what I’ve been able to tell, the company doesn’t have any physical presence in the country at all.

When you combine this with the fact that there isn’t any outside information on Louis Hutchinson, it’s quite likely that this person doesn’t actually exist and is simply being used for marketing purposes.

XenixCoin Scam

What Are The XenixCoin Products?

In keeping with the trend of bad news, XenixCoin is an MLM opportunity with no real product line set up at all.

Plenty of MLM opportunities exist in the world that don’t have product lines, but these operations are usually found to be nothing more than schemes or scams of some sort.

No product line means that retail sales can’t take place, and this results in a situation in which affiliates for XenixCoin have nothing other than the affiliate membership to market and sell to possible buyers and interested customers.

What About The Compensation Plan For XenixCoin?

Moving over to the compensation plan side of things, affiliates for XenixCoin earn money by investing their own cash into various investment packages that the company has made available.

Along with earning an ROI off of these investments, affiliates are also rewarded for recruiting other people to join XenixCoin and do the same.

There are six available packages for affiliates to invest in, and the are as follows –

  • Basic package for $100
  • Standard package for $1000
  • Enterprise package for $3000
  • Essentials package for $6000
  • Business Pro package for $12,000
  • Premier package for $25,000

Matching Bonus

In regards to the matching bonus that XenixCoin offers, these are paid out as referral commission earned by affiliates within a person’s downline.

These payments are organized through the use of a unilevel payment system, and investing in a more expensive package will allow an affiliate to earn more through these commissions.

Basic affiliates start out by earning just a 10% matching bonus on level 1 affiliates, but Premier earns 10% on levels 1 and 2, 20% on levels 3 and 4, and 25% on levels 5 and 6.

Earnings Cap

Along with higher investment packages allowing affiliates to earn higher commissions, the plan that a member decides to invest in also determines their withdrawal limits.

XenixCoin doesn’t mention the frequency of these withdrawal limits, so there’s no way of knowing if they recur on a daily, weekly, monthly, or other basis.

With that said, the earning caps work out in the following manner –

  • Basic package has a cap of $500
  • Standard package has a cap of $1000
  • Enterprise package has a cap of $4000
  • Essentials package has a cap of $6000
  • Business Pro package has a cap of $8000
  • Premier package has a cap of $10,000

What’s The Cost Of Joining XenixCoin?

If you’d like to become an affiliate for XenixCoin, you’ll need to invest in one of the six investment packages that I previously outlined.

This means that you joining costs could be as little as $100, or as great as $25,000.

The difference with the different investment plans is the potential earnings. Investing more into one of these packages will allow you to potentially earn quite a bit more throughout the compensation plan.

So, Is There A XenixCoin Scam Going On?

Have you heard that XenixCoin 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 XenixCoin 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 XenixCoin Review And Conclusion!

At the end of the day, XenixCoin is just another MLM opportunity that’s trying to break into the niche of cryptocurrency.

Affiliates for the company join by investing real money into virtual points, and these points are then converted by XenixCoin into XenixCoins that have been pre-mined. At the time of this writing, XenixCoins currently have a value of about 0.01 BTC.

However, considering the fact that XenixCoins are pretty much entirely useless in the real world, 100% of the determined value for them is likely set by the internal trading taking place within the company.

As per the XenixCoin website, “While Bitcoin, for example facilitates cash transactions, XenixCoin is a very complex blockchain based contract mechanism. It is not only dedicated to moving and validating money.”

The marketing push is quite strong, but with XenixCoins not having any value outside of the company’s MLM system, they’re pretty much entirely worthless.

Once recruitment levels die down for XenixCoin, the company will slowly fall to a complete and total collapse.

Following this collapse, the anonymous admin(s) behind XenixCoin will make off with the majority of all the money that’s been invested, leaving all other affiliates to likely lose out on this deal.

Did you find this XenixCoin Review useful?

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

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

Get my free training that teaches you my methods.

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