Falcon Coin Review – Legit Biz Op or Big Scam? Find Out Here…
Welcome to my Falcon Coin Review!
Whether you have been in the MLM business world for years or this is your first time hearing about it, there is one thing I always say must be done before signing up…
When anyone asks me what my biggest piece of advice is when choosing an MLM to join, I always tell them it’s to learn as much as they possibly can before jumping in…
With so many different companies out there, it can be hard to know which ones are legit and which ones aren’t…
So, the best way to ensure that you don’t get burned is to thoroughly research the company beforehand.
This review will help you along your way by providing you with essential information about this company, their products and their compensation plan.
So, let’s dig right in!
What Is Falcon Coin?
This is a rather new company coming out with a fresh outlook on a product that we like to call cryptocurrency.
The company does seem to focus on 3 areas, through their ICO lending platform:
“Security, Trust & Sustainability,” and they welcome you to, “join in the cryptocurrency revolution.”
The company also says on their website that they are designed with the user in mind and built the company to be safe and easy to use.
When you visit the company website, it may be a bit hard to find any info on the administrators of this business as there is no info available about the owners or operators.
After digging around a bit, I was able to find that the Falcon Coin website domain was registered privately as “falconcoin.co” on the 7th of October in 2017.
Falcon Coin doesn’t have any services or products for affiliates to buy or sell.
But anyone wanting to sign up as an affiliate with Falcon Coin can market the company affiliate membership.
Kinda reminds me of another company I checked out below:
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 FFC points from the owners of the company.
Affiliates are then expected to return their investment points back to the company as a loan with the agreement of a promoted ROI over a period of 180 days.
- Invest $1 to $1000 and receive a variable daily ROI
- Invest $1001 to $5000 and receive a variable daily ROI plus 0.1% daily ROI bonus
- Invest $5001 to $10,000 and receive a variable daily ROI plus 0.15% daily ROI bonus
- Invest $10,001 to $50,000 and receive a variable daily ROI plus 0.2% daily ROI bonus
- Invest $50,001 to $100,000 and receive a variable daily ROI plus 0.25% daily ROI bonus
- Invest $100,001 or more and receive a variable daily ROI plus 0.3% daily ROI bonus
The company also offers referral commissions on money invested, which is paid out through 3 levels of sponsorship (unilevel):
- Level 1 (personally sponsored affiliates) – 7%
- Level 2 – 3%
- Level 3 – 1%
What Is The Cost To Join Falcon Coin?
The cost to join Falcon Coin 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 income opportunity, they must invest $1.00 at a minimum.
Lately, I’ve been doing a lot of research on the companies like this one, and after doing my research on this company I’ve learnt that it may not be 100% legit…
A lot of companies are trying to get into the ICO lending niche of the MLM world, and it’s a good thing if you’re a legit company making those ROI payments, while making a name for yourself and your product, but as of recently there have been a lot of scams and this company seems to fit the bill as one of those scammer companies…
Okay, so the company is coming to us, the possible investors, with claims of having a “trading bot” and “volatility software” …
Seeing that these claims are nothing new and most ICO lending companies are now making these claims as well, it’s about time that they showed us the proof before they tell us ‘stories’ of robots and unique software.
However, even with the claims made, the company still use visual aids, which show that affiliates can expect their ROI payments to be as high as 300% every 180 days for their ROI period.
Right now, the only money trail that can be followed is the real money source coming into the company as new affiliate investment, which is then used to pay affiliates their ROI earned after 180 days…
And this is where the company is defined as a Ponzi scam.
In the end, the company, just like others like it as well, plays out through these steps:
First, the admins who remain nameless get potential investors to buy worthless pre-generated points, then exchange those points for your hard-earned cash (here the company uses FFC points given to affiliates that have invested).
Then the admins take the investments of affiliates and pay out the promoted ROI to early affiliates, and this occurs as long as new affiliates are signing up to join.
When sponsorship of new affiliates die down, so will the fund for ROI payments…
This is where the company has done its number crunching and they will decide when they have made enough money off of affiliates before they start to lose the money…
Once this occurs, and to guarantee they walk away with something instead of taking the loss themselves, they will most likely take off at this point with whatever they can.
So, be extra careful if you are considering this company as an investment opportunity…
I hope you enjoyed my Falcon Coin review and if you have any questions, please leave them in the comments below…
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