You’ve probably landed here because you’re searching for firstcoin review.
High chances are you’ve been approached by either an affiliate or seen all the hype about firstcoin business opportunity on social media.
It’s always advisable to do your due diligence on a company before deciding to invest your time and money.
Let’s get started.
FirstCoin Review: The Company
Website – https://firstcoin.club/
Hoping into the website, there is no information on where the company is based or the founder.
Hiding such information is very fishy and makes me question the credibility of this company.
I decided to dig deeper on the domain registration and found out that it was registered on July 15th, 2016.
That’s all I could find out about this company.
However, I did notice the mention of the Dynamic Global Marketing LTD but there is no information about the company.
Let’s take a look at the product details.
FirstCoin Scam Review: Product Line
It’s no surprise first coin company does not offer any products to sell but promotes the affiliate membership.
Retail sales are one of the most important components in a MLM company and whenever they miss, this always shows that something fishy is going on.
But does this mean it’s a complete scam?
FirstCoin Review: The Compensation Plan
To secure a monthly ROI as an affiliate, you need to invest into one of the plans. In addition to this, you need to recruit more people who will invest into the company as well.
To get a Return on Investment, the affiliates need to invest into the virtual cryptocurrency created by the first coin.
The ROI is earned in four levels. They are as follows:
- Basic — Members invest between $200 and $1999 into first coin and then earn a monthly ROI of 3%
- Silver — Members invest between $2000 and $9999 into first coin and then earn a monthly ROI of 5%
- Gold — Members invest between $10,000 and $24,999 into first coin and then earn a monthly ROI of 7.5%
- VIP — Members invest $25,000 or more into firstcoin and then earn a monthly ROI of 7.5% in addition to a one-time bonus of 10% that’s also applied for the amount of money that’s deposited into the company.
First Coin also pays a 10% commission on what the recruited member has invested. Therefore, the more members you refer the more commission you get.
Once you get over five referrals, the commissions shoots up to 20%.
How much do you need to Join First Coin?
To become a full member and affiliate you’ll need to invest between $200 and $25,000. The more money you invest, the more you’ll earn in the compensation plan.
Is First coin a Scam?
I’ll be totally honest with you.
First coin is no really a scam but you need to have the proper training to succeed in this MLM Company.
90% of people who join First coin will fail within the first two month.
Let me explain:
First coin does not offer any training to its affiliates. So the affiliates are constantly in a guessing game.
But luckily, after reviewing a lot of business models. There is one business model, I have personally tried and tested.
Are you a complete newbie with no marketing skills?
Well, this is for you.
I hope you enjoyed my firstcoin review.