Welcome to our EcomCash Review!
There has been some buzz about this company so we decided to investigate what it was all about…
Some say it’s a scam while others EcomCash reviews are saying legit so what is it?
The good news is we are going to walk you through the company, products and compensation plan so you can make the right decision.
Let’s dig into this EcomCash review…
EcomCash Review
No insight has been provided by the website about the founders of the company. EcomCash is opearting lending Ponzi Scheme underbelly of VIP-tiered ICO.
EcomCash does not provide any information about the owners of the website. The domain (ecomcash.io) was registered privately.
The domain was registered on 26th November 2017 pointing out that the company started its operation recently.
There are no relevant proof about the products and services offered by the company, apart from the affiliate recruitment program. The affiliate program membership is free. But, you won’t be eligible for the membership commission. To participate fully, you need to invest at least $500.
The VIP affiliates are paid in Ethereum. Below are listed the categories as per the amount invested:
- VIP 1: 0.1 ETH
- VIP 2: 0.2 ETH
- VIP 3: 0.3 ETH
- VIP 4: 0.4 ETH
- VIP 5: 0.5 ETH
If a company is not transparent, it is advisable to keep distance from it. So, EcomCash is suspicious and should not be trusted.
Stay Updated With Exclusive Information About Cryptocurrency
This Will NOT Be Anything We Post Here!
The Compensation Plan of EcomCash
Affiliates are asked to invest in the ECIO points. The points are pre-generated and then the company lends back the EcomCash according to the ROI promised.
- Plan 1: You need to invest $500 – $4999 to get 40% ROI paid per month for 201 days
- Plan 2: You need to invest $5000 – $9999 to get 43% ROI paid per month for 151 days
- Plan 3: You need to invest $10,000 – $49,999 to get 45% ROI paid per month for 101 days
- Plan 4: You need to invest $50,000 – $100,000 to get 50% ROI paid per month for 61 days
Compensation Plan of EcomCash
The affiliates are paid commission using a unilevel structure by EcomCash. An affiliate is placed at the top of the entire team in a unilevel structure. The personally recruited affiliates by the top affiliate are placed on level 1. Affiliates enlisted by level 1 affiliates are placed on level 2 and so on to the unlimited levels.
The EcomCash management puts the cap on level 5 and the commission depends on the VIP fees paid by the individual affiliate.
- Free VIP Plan: 5% for level 1
- VIP 1 – 0.1 ETH: 9% for level 1
- VIP 2 – 0.2 ETH: 9% for level 1 and 3% for level 2
- VIP 3 – 0.3 ETH: 9% for level 1, 3% for level 2 and 2% for level 3
- VIP 4 – 0.5 ETH: 9% for level 1, 3% for level 2, 2% for level 3 and 1% for level 4
- VIP 5 – 1 ETH: 9% for level 1, 3% for level 2, 2% for level 3, 1% for level 4 and 0.5 % for level 5
Commission for VIP Fee
EcomCash makes use of the same unilevel structure like that of the referral commission to pay the commission for the VIP fee.
- VIP 1 affiliates: 70% of VIP fees is paid to the affiliates for level 1
- VIP 2 affiliates: 70% of the VIP fees is paid for levels 1 and 2
- VIP 3 affiliates: 70% of the VIP fees is paid for levels 1 to 3
- VIP 4 affiliates: 70% of the VIP fees is paid for levels 1 to 4
- VIP 5 affiliates: 70% of the VIP fees is paid for levels 1 to 5
Stay Updated With Exclusive Information About Cryptocurrency
This Will NOT Be Anything We Post Here!
Summing Up
The reviews of EcomCash are generic and do not offer much information about the core working of the company. They do not mention of the profit made or how it was made.
As the company is launched recently, there are not much feedback available online the about the services.
EcomCash – The Verdict
The company cites that the platform that they are offering is based on Ethereum platform. So, it should secure and trustworthy.
However, there is no verification for the existence of EcomCash wallet or payment platform or if any merchant is accepting it.
Apparently, an ICO lending scheme is trying to spread its coverage. The company does not have a business plan to back its claim that ECOM points’ value would be riding very soon.
EcomCash also promises a fixed 50% profit monthly which is very high. The introduction of the VIP fee is something new with this company’s scheme. It only looks like a lending Ponzi Scheme and nothing else.
If the owners are able to gain such profits via the cryptocurrency mining, they will not be sharing it with others.
The Ponzi Scheme will lead to the same fate. The majority of the affiliates will face loss and the scheme will be shut down as the anonymous owners will leave the as soon as the recruitment will freeze.
People enlisting at the start of the scheme, may receive their initial capital with some profit amount, but majority will have to lose their money, when the scheme ends.
Approach cautiously.
Stay Updated With Exclusive Information About Cryptocurrency
This Will NOT Be Anything We Post Here!
Subscribe To Our YouTube Channel Here
Thanks,
“Results Not Typical” this PROOF of payment doesn't guarantee that you will do the same, but shows you what is possible with some elbow grease and a can do attitude.
Leave a Reply