Looking for a review of RegalCoin and wondering whether it’s a scam?
I’ve been taking a closer look at RegalCoin to learn more and bring you my full review.
Before I start…
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RegalCoin Review
My review of RegalCoin welcomes those who want to know about the legitimacy of RegalCoin, a company that attracted my attention due to its popularity until the month of September. There has been a lot of these kind of companies launching lately and I already exposed BitConnect and EthConnect in other reviews.
A few people on Facebook also contacted me to know about RegalCoin. So I focused on this company to get more details about it. Most of my friends were not sure to join it or not. A little information about this company can help them in making a right decision in this respect. So, to help them, I am providing detailed information about this company, its products and payment plans.
The lack of website of the company deprives me from detailed information about its owners and operations. The company privately registered the domain of its website, regalcoin.co, on 7th July 2017 at international time of Hong Kong.
I also knew that English was not the primary language of the designer of this website through its marketing copy. The Twitter page of the company told me that in August it was initially launched and in September 2017 it was re-launched.
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Products of RegalCoin
The company does not offer any retail service or product for its affiliates as they can only market affiliate membership of the company. This affiliate membership allows them to get a cryptocurrency, RegalCoin, which according to the company is different from Bitcoin. At the initial launch of this cryptocurrency it was not to be traded publicly so company did not responded any of the companies approached it for this purpose.
Compensation Plan of RegalCoin
I noticed that the affiliates have to buy pre-mined coins of RegalCoin, who want to be part of its compensation plan, by paying their value in Bitcoins. Affiliates of the company can buy RegalCoins mutually if they are made public. The affiliates can return RegalCoins back to the company after buying them at the agreed monthly ROI of up to 45% but it will be paid back in RegalCoins. So the affiliate will have to encourage other to buy RegalCoins if he/she wants cash against them.
Referral Commissions
The company also offers referral commission to the affiliates on the Bitcoins transferred by them in three sponsorship levels:
Level 1 includes affiliates sponsored personally for 7%
Level 2 for 2%
Level 3 for 1%
Residual Commissions For RegalCoin
The company uses binary compensation model to pay a residual commission to its affiliates. The affiliate is put at the top of binary compensation model to make a left and right wing of his/her team. At each level, each member in the binary team creates two positions under it. In this way an affiliate can create a team of large numbers of directly and indirectly sponsored affiliates and there is no limit for the depth of the binary team. The company is concerned only about the Bitcoins generated by the team. All the sponsored affiliates in a binary team earn certain percentage of the money invested in the company after attaining a particular level of the investment accumulated. For instance the residual commission will be 2% if the accumulated investment is $1000, 3% for $10,000 and 5% for $100,000.
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Joining Cost for RegalCoin
It is free to join RegalCoin as an affiliate but you will have to buy RegalCoins to participate in its MLM business.
Verdict For RegalCoin
To be honest RegalCoin looks risky to me and I wouldn’t want to put my money into it not knowing whether it would actually come back to me or not. I think programs like this are risky and that’s the reason I have already exposed similar websites in the cryptocurrency niche that are quite obviously ponzi schemes.
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’s helped me earn over $150k in the last 6 months alone:
Go here to see my no.1 recommendation for making money online
(This is a 100% free training)
Mark Charles is the founder of NoBSIMReviews and has been making a 6-figure income online for over 10 years.
After reviewing 1000’s of programs, he knows what works and what doesn’t: