Welcome to our LipCoin review!
It looks like a new cryptocurrency network marketing company just popped up and we decided to have a look to see what it was about…
Some say it’s a scam while others LipCoin reviews are saying legit so what is it?
The great news is we will help you through the company, products and compensation plan so that you can make the best decision…
Learn if this is legit or a scam!
LipCoin Review
No information has been provided by LipCoin on their website about who owns or runs the business.
lipcoin.io, the LipCoin website domain was privately registered on November 10th, 2017.
If an MLM company does not reveal about who is running or owns it, think twice before joining and/or investing any money.
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Products of LipCoin
LipCoin does not offer any retailable products or services. The affiliates are only able to market LipCoin affiliate membership itself.
The Compensation Plan
The affiliates of LipCoin purchase pre-generated LPC points from the company’s owners.
LPC points are sold by LipCoin to affiliates for between 45 cents to 95 cents each.
The affiliates of LipCoin who buy 400 or more LPC points get a 50% bonus on points acquired.
- buy 400 LPC points to get a 50% bonus for 1 month
- buy 800 LPC points to get a 50% bonus for 2 month
- buy 1600 LPC points to get a 50% bonus for 3 month
- buy 3200 LPC points to get a 50% bonus for 4 month
- buy 6400 LPC points to get a 50% bonus for 5 month
- buy 12,800 LPC points to get a 50% bonus for 6 month
- buy 25,600 LPC points to get a 50% bonus for 9 month
- buy 51,200 LPC points to get a 50% bonus for 12 month
The affiliates are paid by LipCoin referral commissions 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 infinite number of levels.
Referral Commissions (LPC Points)
The affiliates of LipCoin are paid referral commissions on LPC points bought down 3 levels of recruitment:
- level 1 (personally recruited affiliates) : 10%
- level 2 : 5%
- level 3 : 2.5%
The above commission rates are paid in LPC points.
Referral Commissions
LipCoin also give out referral commissions on funds invested by downline affiliates in bitcoin or ethereum.
- purchase 200 LPC points to get a 5% referral commission on level 1 (personally recruited affiliates)
- purchase 400 LPC points to get a 5% referral commission on level 1 and 5% on level 2
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LipCoin Membership
The affiliate membership of LipCoin is tied to the purchase of at least 45 LPC points.
Summing Up
LipCoin bills itself as the first cryptocurrency for the surfer’s community.
LipCoin states they aim to promote activities of a recreational, sporting, cultural, and tourist nature. They are powered by surfing and all other surfing disciplines that are actively acting to promote a community of athletes.
The whole surfing angle is smoke and mirrors to market yet another valueless altcoin ICO. There are a lot of companies that are popping up like this. We wrote a review on another company like this here.
LPC brings nothing new to the table amid a sea of altcoin clones.
It appears to exist only as a vehicle for its anonymous owners to gather bitcoin and ethereum from anyone naive enough to acquire LPC.
The value of LPC is pegged to affiliate recruitment with no real-world application or reason,.
Once affiliates of LipCoin tanks, so too will the value of LPC points.
Notwithstanding issues of pyramid scheme compliance owing to the company having no retail activity, LipCoin is classic ICOloot and run. Don’t fall for it.
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Aaron and Shara What Do You Suggest?
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