Diamond Reward Review – Legit Company or Huge Scam? Find Out Here…
Welcome to my Diamond Reward Review!
Someone I know asked me to do a review on this company because they just recently heard of it and it’s so new that there isn’t a lot of information available on it…
Maybe you are on this blog post because someone has approached you about this company in person or maybe it was over social media, and now you want to know more too!
You might have questions, right? Perhaps some like these…
- Can newcomers attain the skills needed to do this?
- Can you achieve the money growth you want through this company?
- And is it a legitimate business for you to join?
Good news, I am going to put any rumors you may have heard to rest and tell you everything you need to know about this company.
In my blog, I’ll go over the company’s short history, the products, the compensation plan, and their referral program, so you can make the right decision of whether to join or not.
Let’s get right to it!!
What Is Diamond Reward?
A visit to the company website reveals that Diamond Reward is a company with ICO for lending…
Online, the company is described as:
“The Intelligent CryptoCurrency For The Generation Driven Technology”
What they are really pushing is a bitcoin prototype and is further described as:
“A decentralized peer to peer digital coin that runs on blockchain technology and it is not controlled by any central institutions or governments.
It is an open-source platform designed to provide easy and fastest means of transferring digital assets.
Diamondreward is designed to be a digital currency that can be used to store value and to exchange with anyone in the world with extremely low fees and fast lightning speed transactions.”
If you visit the company website, you will not be able to see who the administrators of the company are, because there is no info available online about who the owner is or who is running the company.
After a little digging and some more research, I was able to find out that the Diamond Reward website domain was registered privately as “diamondreward.io” on the 25th of December in 2017.
Dimond Reward doesn’t have any products or services for affiliates to purchase or sell.
But anyone wanting to sign up as an affiliate with Diamond Reward can market the company affiliate membership.
Affiliates looking to take part in the company compensation plan are required to sign up and invest into the company.
Company affiliates must buy into DMR points from the owners of the company at a rate of purchase from 70¢ to $1 per DMR point.
Affiliates are then expected to return their investment points back to the company as a loan with the agreement of a promoted possible 48% ROI earned monthly.
- Invest $100 to $1000 and receive a monthly ROI of up to 48% for 239 days
- Invest $1001 to $5000 and receive the monthly ROI plus 0.1% daily ROI bonus for 179 days
- Invest $5001 to $10,000 and receive the monthly ROI plus 0.2% daily ROI bonus for 120 days
- Invest $10,000 to $50,000 and receive the monthly ROI plus 0.3% daily ROI bonus for 99 days
Bonus DMR points till December are given to those affiliates who do not take their ROI payments out until December of 2020.
Diamond Reward uses a unilevel compensation model to pay referral commissions to its affiliates.
The unilevel compensation model puts an affiliate at the top of a unilevel team, which places any personally sponsored affiliate on level 1 right underneath the original affiliate.
When a level 1 affiliate sponsors new affiliates, they are then put onto level 2 of the original affiliate’s unilevel team.
When a level 2 affiliate sponsors new affiliates, they are then placed onto level 3, and levels continue to be created like this down a hypothetical never ending amount of levels.
The company currently caps payable unilevels at level 6.
The percentage rate paid out for commissions from the company is measured by the amount of ROI payments made with unilevel team affiliates among these 6 levels:
- Level 1 (personally sponsored affiliates) – 7%
- Level 2 – 4%
- Level 3 – 2%
- Level 4 – 1%
- Level 5 – 0.9%
- Level 6 – 0.5%
What Is The Cost To Join Dimond Reward?
The cost to join Dimond Reward as an affiliate is free, although those affiliates with the free membership can only earn commissions on referrals.
If affiliates would like to fully participate in the company and Diamond Reward MLM income opportunity, they must invest a minimum of $100.
ICO lending companies have really been leading the way with online businesses lately.
I’ve reviewed my fair share of companies like this one, and after having done my research on this company, I can say I do not think this company is 100% believable…
So, what do we really have here…
This company is showing us a lot of interesting and great things on their company website, but what they are failing to show us is anything truthful.
It is said on their company website that the company is being crowdfunded and then sold off in a crowd-sale, so we the people are funding this whole operation from beginning to end.
They also say that there is a minimum and maximum of DMR points that can be purchased in a day during the ICO stage, and at the end of all those 6 ICO stages any leftover tokens will be burnt…
Tokens, points…etc. Let me just come out and say it, your money is gone.
Money that has been invested will be gone with the wind once you’ve put it into this company and their ICO lending Ponzi scam…
The company says they have made ROI profits with the help of a “trading bot,” but there is no proof of a robot doing any calculations or generating any kind of profits.
The only money trail that can be found and followed is the source of capital coming in from the new affiliates sponsored into the company, which is then taken and used to pay out the monthly ROI promised to existing affiliates.
The niche of lending ICO in the MLM industry is a tough business to get into as most are scams these days…
Lending ICO scams usually work like this: first they have anonymous administrators who offer up worthless pre-generated points to be bought for with real money (in this case its DMR points).
Then these admins use this money gained from point sales to pay off the promoted ROI of the business for as long as new affiliates are showing up with their money…
But here’s where the scam falls apart, when new sponsorship dries up, so will the funds for paying out ROI owed.
This is the critical point when the admins will most likely take off with the money they already made from unsuspecting investors.
So early investors in the company will make a bit of money, allowing the company to keep up their façade…
My advice? Be careful with this company as you will probably lose your investment…
I hope you enjoyed my Diamond Reward review and if you have any questions, please leave them in the comments below…
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