Welcome to our LoanCoin 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 reviews are saying legit ICO 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 review…
LoanCoin Review
No information has been provided by LoanCoin on their website about who owns or runs the business.
The website domain was privately registered on November 22nd, 2017.
If an MLM company does not reveal who is running or owns it, think twice joining and/or investing any money.
Products of LoanCoin
There are no retailable products or services offered by LoanCoin. The affiliates are only able to market their affiliate membership itself.
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The Compensation Plan
The affiliates of LoanCoin invest in LOAN points at a rate of 55 cents to $1.05 each.
The affiliates then “lend” invested points back to the company to receive an advertised 90 day ROI:
- Invest $100 to $1000 to get a 105% ROI
- Invest $1010 to $5000 to get a 115% ROI
- Invest $5010 to $10,000 to get a 125% ROI
- Invest $10,010 to $50,000 to get a 135% ROI
The referral commissions are paid by LoanCoin both on funds initially invested and LOAN points lent to the company.
Both LoanCoin referral commissions are given out 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 down a theoretical unlimited number of levels.
Investment referral commissions
- level 1 (personally recruited affiliates) –:4%
- level 2 : 3%
- level 3 : 2%
- levels 4 and 5 : 0.5%
Lending referral commissions
- level 1 (personally recruited affiliates) : 5%
- level 2 : 3%
- level 3 : 2%
- levels 4 and 5 : 1%
The lending referral commissions are paid in LOAN points.
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Membership
The affiliate membership of LoanCoin is free/ However free affiliates can only earn referral commissions.
To fully participate in the LoanCoin income opportunity requires a minimum $100 investment.
Summing Up
LoanCoin is yet another entry into the MLM lending ICO Ponzi niche.
The affiliates invest real money in exchange for worthless points that LoanCoin represent will be worth $10 in January 2018 and $400 by July 2018.
There is no sensible reason for these projections, other than the hope that naive new investors will continue to invest in LOAN points on the hope to receive advertised ROIs.
The new affiliate investment is the only verifiable source of revenue entering LoanCoin and using it to pay existing investors a ROI makes it a Ponzi scheme.
Lending ICO Ponzi like LoanCoin play out as follows:
Typically anonymous Admins offload worthless pre-generated points in exchange for real money.
Using some of this money to give out promised ROIs for as long as new affiliates sign up.
When affiliate recruitment dries up so does the ROI reserve.
When a predetermined threshold is reached, the anonymous admins of LoanCoin 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 of LoanCoin and early investors to make money, most of their affiliate base has to lose it.
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