Welcome to our FineCoin review!
We want to be sure that you know every bit about cryptocurrency. It's also very important to be sure about what business you get into.
We both know that money is not something you play with, so take this reading seriously, we want you to do well and make sure a lousy choice doesn't lead to an even worse experience.
So, sit back and enjoy the review we've made especially for you, every bit of time we spend learning is well invested. Let's get on with it!
FineCoin Review
FineCoin's website provides no information regarding the owner or who runs the business. The domain for the company – “finecoin.io” – was recently registered just about a month ago.
FineCoin says that they're the safest – and first – lending platform in Europe. Nevertheless, the currency they receive on the platform is US dollars.
That doesn't speak well for FineCoin, even though they claim to be European, the company could be run from any point in the world.
We always mention that if you see an MLM isn't clear about the ownership or whoever runs it, you're free to doubt their intentions to hand them any money or join their company.
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FineCoin Products
FineCoin doesn't have products or services on retail and their members can only sell the company's memberships.
FineCoin Compensation Plan
FineCoin members can obtain FINE points from owners within the company, which by the way are anonymous. These FINE points are sold members from 45 cents to $1.20. After they purchase, FineCoin members give those FINE points to the company back with a promise of advertised ROI.
- A member can invest from $100 to $1000 and get a variable ROI – on a daily basis – in a 240-day period
- A member can invest from $1001 to $10,000 and get a variable ROI – on a daily basis – plus bonus 0.1% ROI in a 180-day period
- A member can invest from $10,001 to $25,000 and get a variable ROI – on a daily basis – plus bonus 0.25% ROI in a 120-day period
- A member can invest from $25,001 to $50,000 and get a variable ROI – on a daily basis – plus bonus 0.35% ROI in a 99-day period
FineCoin pays referral commissions upon funds – invested by members – in three recruitment levels:
- Level one members – direct recruits – get 5%
- Level two members get 3%
- Level three members get 2%
FineCoin – Joining In
FineCoin membership is free but, members have to make a $100 minimum investment after signing up.
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The Final Word on FineCoin
FineCoin doesn't deliver anything new to the cryptocurrency world. We see no reason you should join this company. Here is a review that we did on another company, which is a similar lending platform.
FineCoin does give the possibility to save, lend and do transfers with your money at very low fees.
FINE points are only meant for investment purposes, members have to get them even if they want to or not, like they are forced to. That point leads to the company's business model.
FineCoin says they create ROI – for external revenue – through a trading bot. They state it like this:
Our developers built a trading bot who can diversify and create a non-stop profit on a daily basis, allowing our affiliates to make money on daily payments so that you get a large return on your investment.
Nevertheless, FineCoin doesn’t show anything that proves that such bot exists. Thus, that leaves new investment as the verifiable source of revenue for this company. We’ve mentioned before that this same business model is nothing more than a Ponzi Scheme.
Here’s how lending ICO Ponzis – like FineCoin – work:
Anonymous FineCoin admins create a bunch of pre-generated points – in this case, FINE points – in exchange for real money, your money. After that, admins use a bit of this money to pay members their promised ROI, this can keep up while new recruits come into the opportunity.
After recruitment stops, the ROI reserve dries as well. When the money gets to a certain point in the reserves, the FineCoin admins run away with the money, YOUR money.
Initial FineCoin investors get some profit out of the opportunity – mostly out of recruitment -. But every other Ponzi works the same, the unavoidable end is that most people just lose their money. We would stay away from this and every other ICO Ponzi around the internet. You’ve got your warning. 🙂
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Aaron and Shara What Do You Suggest?
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