ExoCoin Investors Beware: Always Do Your Research With Crypto MLM Companies
A recent website was privately registered in the name of ExoCoin, exo-coin.io, but there is no one to claim it. With any new and legitimate investment project, an entire team spends the time constructing it, and every person wants the opportunity to claim that they have been wholly responsible. However, the same is not true of ExoCoin, and the lack of information makes it possible that the whole thing is a hoax.
In a review by BehindMLM.com, the company recently reviewed some important information about this company, which investors need to take into consideration, starting with the activity. Based on the grammar used, it seems that the admin primarily speaks Chinese. However, the majority of the traffic (74%) seems to come from Alexa cite Nigeria, while the second-most traffic (13%) has from Indonesia.
As far as what they offer, the first thing noticed on the website is the lack of products or services. In fact, the only available purchase is of a membership to ExoCoin. However, they advertise the availability of a token called ROI, if they invest in the EXYX points. It looks like the points cost $4 each, with the minimum purchase being of 15 EXYX ($60).
Presently, the company has six investment pans, which are all paid for with the purchase of points. Those plans are:
- Tron 1 – Spend $60 to $1,000 for points, and get a 1% daily ROI over the next 330 days
- Tron 2 – Spend $1,040 to $6,000 for points, and get a 1% ROI plus 0.03% daily bonus over the next 330 days
- Tron 3 – Spend $6,200 to $12,000 for points, and get a 1% ROI plus 0.06% daily bonus over the next 330 days
- Tron 4 – Spend $12,200 to $20,000 for points, and get a 1% ROI plus 0.09% daily bonus over the next 330 days
- MasterTron 1 – Spend $20,200 to $40,000 for points, and get a 1% ROI plus 0.12% daily bonus over the next 330 days
- MasterTron 2 – Spend $40,200 to $400,000 for points, and get a 1% ROI plus 0.15% daily bonus over the next 330 days
There is no current value for the EXO points, so it is unclear how many credits it accounts for. However, when someone looks into how they are awarded these additional points, it looks a lot like a Ponzi scheme of sorts. To demonstrate the ExoCoin system, BehindMLM.com offers this type of image to explain.
(image credit: BehindMLM.com)
The maximum levels available are five, after which time the user is not really paid out anything. At the top of the chain, the main investor earns 7% for compensation. Levels 2 and 3 receive 1%, while levels 4 and 5 earn 0.5%. This type of system basically tells users that the only way to earn compensation is with the recruitment of other people. However, if someone invests over $100,000, they jump to the position as Representative Leader, receiving 14%.
Then, the company brings in the concept of “residual commissions,” which is essentially the same thing. Each level has a specific number of people involved in it, and each one gets a certain amount of points matched or their participation. To get involved with either of these levels, users have to start with the free membership registration as an affiliate. To be fully immersed, the participant has to invest.
The ICO seems to already have taken place months ago and is now in a pump stage. The company hopes that the limited supply of EXO will help with the sense of urgency. Realistically, the most profitable parties in this whole equation will be the mysterious admins, who basically keep the real currency invested. The only way to make any other funds is to recruit other investors to fall beneath them and develop their own network.
Bottom line: making money with ExoCoin depends on how many other people can be added below the investor, with no real promise of profit.