Welcome to our Libra Coin 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 Libra Coin 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 in this Libra Coin review…
Libra Coin Review
No information has been provided on their website about who owns or runs the business.
libracoin.io, the website domain was privately registered on November 17th, 2017.
If an MLM company does not reveal who is running or owns it, think twice before joining and/or investing any money.
We have mentioned this happening in another review here.
Products of Libra Coin
There are no retailable products or services offered by Libra Coin. The affiliates are only able to market Libra Coin affiliate membership itself.
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The Compensation Plan
The affiliates of Libra Coin invest bitcoin in LBR points. LBR points are produced by Libra Coin and sold for 60 cents to $1 each.
The affiliates of Libra Coin “lend” LBR points back to the company once invested in, to receive a daily ROI.
- Invest $100 to $1000 to get a daily ROI for 240 days
- Invest $1010 to $5000 to get a daily ROI plus 0.15% daily bonus for 200 days
- Invest $5010 to $10,000 to get a daily ROI plus 0.25% daily bonus for 150 days
- Invest $10,010 to $100,000 to get a daily ROI plus 0.35% daily bonus for 110 days
ROI payments per month on lent LBR points are capped at 45% (of initially invested bitcoin).
Referral commissions are given out on funds invested through 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 unlimited number of levels.
The payable unilevel levels are capped at four by Libra Coin. The commissions are paid out as a percentage of funds invested across these four levels:
- level 1 (personally recruited affiliates) : 7%
- level 2 : 5%
- level 3 : 3%
- level 4 : 1%
Membership
The affiliate membership is free. However, free affiliates can only earn referral commissions.
To fully participate in the Libra Coin income opportunity requires a minimum $100 investment.
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Summing Up
Libra Coin shows up itself as yet another entry into the MLM crypto lending Ponzi niche.
The anonymous owner(s) accept bitcoin from their affiliates in exchange for worthless LBR points.
No doubt Libra Coin will at some point gain an altcoin script and start LBR publicly, however the coin itself has no value or purpose outside of the income opportunity.
Libra Coin cites to produce lending profits via use of a “trading bot.” However, no evidence of such a bot exists.
If Libra Coin did really have a trading bot capable of producing a legitimate and consistent 45% monthly ROI, they would not be sharing it with randoms over the internet.
The only verifiable source of revenue entering to the company is new affiliate investment. Using it to pay a daily ROI makes Libra Coin a Ponzi scheme.
Lending ICO Ponzi like Libra Coin play out as follows:
Usually anonymous admins offload worthless pre-generated points in exchange for real money.
Some of this money is used to pay promised ROIs for as long as new affiliates sign up.
When affiliate recruitment dries up so does the ROI reserve.
As a predetermined threshold is reached, the anonymous admins runs with what’s left.
Early investors receive a bit of money (mostly through recruitment of new investors).
The truth of ICO lending Ponzi schemes is that in order for the admins and early investors to make money, most of the affiliates have to lose it.
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