At first glance, you may be very impressed with FirstCoin Club. After all, you can tell right away that the website is very impressive and professional looking. However, as you begin to scroll down you may notice that FirstCoin Club is trying to get you to buy into their very own crypto-currency.
Crypto-currency seems to be all the rage these days. More and more companies are starting to take advantage of the digital currency and offer more options for Bitcoins. But is FirstCoin Club going to take over the crypto-currency and become bigger than Bitcoin? Is it possible that this company may offer you better value for your money?
To answer these questions one must look into the company itself and find out exactly what and where this company will be in the future. Some say it will fizzle out, others are determined to see it reach its full potential.
What Is FirstCoin Club?
According to Who.is, www.FirstCoin.Club was registered on July 15, 2016, to a private owner. You will find at the bottom of the home page though an address that clearly states that First Coin Club is situated out of Dubai and has “Dynamic Global Marketing Ltd” listed. However, there is no information on why or how Dynamic Global Marketing Ltd is involved with First Coin Club.
When you look further into the address you will discover that the company may in fact not actually be located in Dubai. You will find that the address is an entirely different company called “Freemont Group” which provides business services in Dubai.
Now when you click on the click on the home page that offers to explain things a bit further, you are redirected to www.FirstCoinProject.com.
This site explains that the crypto-currency project is all about connecting and supporting startups. This would explain why on the main site it states that the crypto-currency is only available until the numbers of people begin to use the currency and the number of participating business reaches the desired number. However, the site never explains what this number is or how many more businesses are needed.
FirstCoin Club Products
FirstCoin Club doesn't offer any tangible products or services. The site states that it will in the future offer authenticated coins that will be available through blockchain explorer and listed at coinmarketcap.com. It also states that in the future you will be able to buy and sell the coins through several different exchanges. However, right now there are no coins to buy or sell or even collect. You can if you sign up as an affiliate you can offer others to sign up under and join FirstCoin Club.
Opportunity With FirstCoin Club
There are three ways for you to earn with FirstCoin Club. The first way is to invest in the company and earn a passive 3 to 7% monthly ROI. This opportunity offers four plans to choose from.
The first plan is called the “Basic” and you are required to invest a minimum of $200 to $1,999. The “Basic” plan will then allow you to earn 3% monthly ROI.
The second plan is called the “Silver” which requires an investment of $2,000 to $9,999. With the “Silver” plan you can earn a 5% monthly ROI.
The third plan is the “Gold” plan and requires an investment of $10,000 to $24,999. With the Gold plan, the site states that you can earn 7.5% monthly ROI.
Lastly, there is the “VIP” plan that requires an investment of $25,000 or more. Like the “Gold” plan you will earn 7.5% monthly ROI plus receive a 10% one-time bonus on the amount you deposited.
More Ways to Make Money With FirstCoin Club
The second way for you to earn is through recruiting. You will earn commissions for every person you have signed up and invest in FirstCoin Club. You will earn 10% for each and every person you personally have signed up until you reach five people. If you happen to sign up six people or more, you will then earn 20% referral commission.
You will also earn commissions from your downline at a rate of 7.5% on the second level. So if your recruits build a downline for themselves, you will earn from them as well.
The last way you can earn is through the Pool Income. This is for the go-getters who recruit more ten or more people. In order to qualify though, your recruits must have a combined investment of at least $5,500. If you happen to reach this mark, you will then be eligible for the Pool Income bonus that is made up of 5% of the investment volume company-wide.
Final Words About FirstCoin Club
On the surface, FirstCoin Club seems like a reasonable company to invest in. This is especially true when you take a look at FirstCoinProject.com. Both sites seem to be selling the same thing and showing how stable the crypto-currency is that is offered by FirstCoin. However, there are major red flags that come up when looking a bit deeper into this company.
First off, the company doesn’t offer any clues as to who actually runs the site. This may not bother some people, but the way the system is set up only allows these mysterious people to make all the money. You see, the site FirstCoin Project explains that there are nearly 110 million FirstCoin available to the public. Of those that are readily available 109.9 million are pre-mined.
So when you go to purchase FirstCoin you are buying it directly from FirstCoin Club who in turn parks the currency with FirstCoin and earns the monthly ROI. And so the cycle begins of new affiliates adding money to the pot to pay pre-existing members their monthly ROI.
You may still want to join this company while it is still in its pre-launch mode. Be sure to do your homework before investing. The money that goes into the company may not ever come back. Like gambling, you may not see it again.