Falcon Coin – Scam Busted? [Full Review]

Welcome to my review of Falcon Coin.

Falcon Coin is yet another “lending platform” in the cryptocurrency space, but is it just another big scam?

I’m sharing the details in my full review below.

Before I start…

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Falcon Coin Review

So what exactly is Falcon Coin? I heard about Falcon Coin a couple of days ago when I noticed a couple of people on YouTube promoting it. The first thing that crossed my mind was that Falcon Coin was simply another ponzi scheme scam like Davor Coin and BitConnect and after taking a closer look I’m convinced that this is the case.

Falcon Coin claims to be able to pay 46% returns per month. Those kind of returns are simply unrealistic in the real world and it’s impossible to guarantee those returns. I have seen scams like this collapse numerous times and most recently BitConnect which I briefly mentioned above was one of those. Another is USI Tech which closed down it’s US/Canada operations and I’m convinced that others will follow suit sooner or later.

That’s because these “lending platforms” are nothing more than ponzi schemes built on blockchain.

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When BitConnect went down a couple of weeks ago it has literally changed the lives of 1000’s of people. Some have even lost their entire life savings, and other people who took out credit to invest into BitConnect have lost it all and will likely be in debt for the rest of their life or even face bankruptcy! It’s a real shame but that is what’s happening with these cryptocurrency ponzi schemes that are being promoted hard by a number of people and I think Falcon Coin will be no different.

What Is Falcon Coin?

Falcon Coin claims to be a “State of the art Lending Platform” designed with the end user in mind. It claims to be a safe investment that will deliver reliable returns of 46% per month. Those kind of returns are unheard of and they are most definitely not sustainable. Falcon Coin is following in the footsteps of other lending platforms which will ultimately end up with the same fate as the ponzi schemes that have folded.

Davor Coin is another one that is pretty much a clone of BitConnect and Falcon Coin is no different.

Here are the lending rates you can earn:

What I find quite funny (and shocking) is that they even call their software a “volatility software” which is exactly what BitConnect called theirs.

Clearly what is happened is people have seen the success of BitConnect before it collapsed (and BitConnect X) and they have wanted to replicate it, so rather than think outside the box and create something new and unique they have pretty much cloned the entire model and launched it under a new name.

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I have no evidence however it would not surprise me at all if the people behind BitConnect also owned other platforms like Falcon Coin and Davor Coin.

Like I say, I have zero evidence of this, but it would not surprise me at all since nobody actually knows who was behind BitConnect.

Is Falcon Coin A Ponzi Scheme?

I believe it is.

The reason I believe Falcon Coin is a ponzi scheme is because of the amount of interest they are paying and the fact that what they are offering is exactly the same as other ponzi schemes that have already been exposed and collapsed like BitConnect.

The whole business model is identical, so why would it be any different?

Is Falcon Coin A Scam?

That depends on how you define “scam”.

The honest truth is that you could make money with Falcon Coin in the short term, maybe even for a few months or a year, but sooner or later their platform will either collapse, or it will be shut down by the government. You don’t want to be invested in Falcon Coin when that happens because the price of Falcon Coin will drop massively and you will lose any money that you have invested into their lending program.

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In the short term you probably will make money. Because more and more people will be joining Falcon Coin so your investment will be paid. However there is literally no knowing how long the platform will be around for.

Another red flag for me is that inside the white paper for Falcon Coin they are actually predicting their own price per Falcon Coin. They are saying that by the 3rd quarter of 2018 they will have a coin value of $150 to $200 per coin. This is something that legitimate coins will never do because they know they can’t predict the value of their coin. This has simply been done to hype up Falcon Coin and make more naive investors come on board.

Falcon Coin Conclusion

When I first heard about Falcon Coin I was convinced it was another ponzi scheme and after taking a closer look I’m even MORE convinced. If you are going to invest any money into this platform you should be prepared to lose it all. You could make money in the short term, but long term you will lose money because these platforms always end up either collapsing on their own, or they get shut down by government authorities.

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Before you leave

If you’re sick of scams and want a real solution for making money online check out my no.1 recommendation.

It helped me earn over $60,000 in January (2018):

Go here to see my no.1 recommendation for making money online

(This is a 100% free training)