Looking for a EigenCoin Review? You’re in the right place. Today we are looking at EigenCoin and we are going to share our full review. If you’re wondering whether it’s a scam or a legit next gen lending platform keep reading as we will reveal everything. Also we are not an affiliates for ICO so you can expect and honest review and not just another sales pitch like other reviews do!
EigenCoin Review
No information has been provided by EigenCoin on their website about who owns or runs the business.
The website domain was privately registered on April 4th, 2017.
If an MLM company does not reveal who is running or owns it, think twice before joining and/or investing over any money.
Products of EigenCoin
There are no retailable products or services offered by EigenCoin. The affiliates are only able to market EigenCoin affiliate membership itself.
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The Compensation Plan
The affiliates of EigenCoin invest in EIGC points at a rate of 70 cents to $1.10 each.
EIGC points are then “lent” back to the company to receive an advertised ROI:
- Invest up to $1000 to get a daily ROI plus 0.03% daily bonus
- Invest $1001 to $5000 to get a daily ROI plus 0.04% daily bonus
- Invest $5001 to $20,000 to get a daily ROI plus 0.05% daily bonus
EigenCoin don’t state an exact daily ROI amount but do state it will be “up to 1%”.
A ROI rate of 100% is paid out over 60 days. The affiliates of EigenCoin are able to increase the total ROI by consenting to a longer maturity period:
- Invest for 100 days to get a 1.1x ROI bonus
- Invest for 199 days to get a 1.3x ROI bonus
- Invest for 299 days to get a 1.5x ROI bonus
The referral commissions are paid by EigenCoin on funds invested via a unilevel compensation structure.
An affiliate is placed at the top of a unilevel team by a unilevel compensation structure. Every personally recruited affiliate is placed directly under them (level 1).
When any level 1 affiliate recruits new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
When any level 2 affiliate recruits new affiliates, they are placed on level 3 and so on down a theoretical infinite number of levels.
The payable unilevel levels are capped at five by EigenCoin. The commissions are paid out as a percentage of funds invested across these levels as follows:
- level 1 (personally recruited affiliates) : 5%
- level 2 : 3%
- level 3 : 1%
- level 4 : 0.5%
- level 5 : 0.2%
Increased “VIP” referral rates are offered. However, EigenCoin offer no specific VIP qualification criteria.
Membership
The affiliate membership is free. However, free affiliates can only earn referral commissions.
To fully participate in the EigenCoin income opportunity requires investment in EIGC points.
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Winding Up
EigenCoin shows up itself as yet another entry into the MLM lending ICO Ponzi niche.
The anonymous owner(s) of EigenCoin offload worthless EIGC points in exchange for bitcoin, to receive an advertised ROI.
EigenCoin cites they will produce ROI revenue via ICO investment and advertising revenue.
They cite their team of expert analysts will reinvest a portion of their funds into the latest and most promising ICOs, redistributing profits back to their users.
All ad revenue produced on their exchange will be redistributed back to their customers.
The number will only increase as they grow their community and traffic.
No evidence of either is provided. New affiliate investment is the only verifiable source of revenue entering EigenCoin.
The claim of ROI revenue being produced through advertising hold little credibility.
EigenCoin and their affiliates have a vested interest in producing advertising revenue.
Any advertising given will thus fail real interest, resulting in interest from only garbage-tier advertising networks (if any).
The truth of ICO lending Ponzi schemes is it provides only a convoluted excuse for admins to shuffle newly invested funds around to pay off existing investors.
When affiliate recruitment slumps down so too does ROI revenue. When a minimum threshold is reached, the admins cut and exit with what’s left.
Early EigenCoin affiliate investors along with the admin(s), will gain some money (mostly via affiliate investment).
However, most of the affiliates must lose money.
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