Cryptocurrencies, such as Bitcoin, have become popular and serve as a type of currency. They can be traded on online exchanges for conventional currencies, including the U.S. dollar, or used to purchase goods or services.
The Billion coin, dubbed as ‘the billion coin scam’ is a cryptocurrency that began and was soon determined to be a scam. In this review, we will look at TBC and determine whether or not it is a legit investment
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The Billion Coin Review
Table of Contents
What Is The Billion Coin (TBC)?
The billion coin is a cryptocurrency created for the mission to end world poverty and equalize the rich and the poor. They also claim that they want to create a world with one billion millionaires
It was launched with an initial price of 0.001 Euros per TBC in March 2016.
The tbc website claims that it is an investment community and private group that revolves around the principles of generating profits by depositing bitcoins into their decentralized platform.
Despite not being listed on Coin Market Cap and World coin Index, the makers claim that The Billion Coin has a market cap in fourth place behind Bitcoin, Ethereum, and Litecoin.
The coin is said to be decentralized, but it has been reported that members’ accounts have been indiscriminately suspended
It has reported that its market value and price increases on an everyday basis, and never ever comes down in value.
This just means that it is not in any way influenced by the fluctuations of the trading sector, and that is dependent on need and also a source of various other kinds of cryptocurrency.
Who Invented TBC?
The creators of TBC are unknown. The owner of the official blog does know who the owner is and chooses not to share this information with investors.
The only name mentioned is a Kris Kringle who is the admin.
“Kringle” is the smallest Unit of TBC such as the cent is to dollar and Satoshi to Bitcoin.
The Billion Coin Website
The Billion Coin has six official websites, including thebillioncoin.trade, kringle.cash, TBC004.net, thebillioncoin.org, thebillioncoin.info, and thebilliocoin.ph.
Note that these IP addresses are not secure while some no longer work.
How TBC works
Cryptocurrencies are designed to operate as a decentralized and open source. These digital assets are either based on the proof of work or the proof of stake.
The Billion Coin (TBC) operation functions under the capacity where investors deposit bitcoins into their platform. The current price takes from the initial price to the ultimate price is determined by a software formula that measures the average daily growth in Verified Members of The Billion Coin community and rewards that growth in kind.
From the day of launch, the current price can either follow a 1% to 5% path towards the ultimate price and will increase daily by 1% to 5% until it reaches the ultimate price.
The formula of the ultimate price of the Billion Coin is one Euro multiplied by the total number of verified members within the community.
This implies that if the Billion Coins reaches one billion people, each TBC coin is well worth one billion Euros instantly.
It is reported that the value of TBC will continue to grow until it gets to one billion per coin thus the title – One Billion Coin.
Most of The Billion Coin community prefer to refer to the units of value in Kringles instead of TBC.
While a membership is “free” through thebillioncoin.info, the TBC community requires investors to purchase a lifetime TBC wallet for $10 where your alleged TBC profits will be stored.
Usually, cryptocurrencies like bitcoin, Ethereum, Dash, Litecoin and Ripple and many others utilize the blockchain technology by making use of encryption techniques to create a secure transaction. This is not the case with TBC.
The main focus of their operation is to drive as many Bitcoin deposits into their platform as possible. Since bitcoin transactions are irreversible once sent, this is a corrupt business model employed by The Billion Coin.
The actual market cap of TBC
The creators of TBC the makers claim that The Billion Coin has a market cap in fourth place behind Bitcoin, Ethereum, and Litecoin. This is very suspicious as it has not been mentioned in either the coin market cap or world coin index, which is the standard repository of digital currency in the crypto world.
According to The Billion Coin site, the current value of 1 TBC cryptocurrency is over 141.4 bitcoins.
In terms of fiat currency, the alleged current price is set to over 1.1 million euros which is quite unbelievable. The Ultimate Price has a reflected value of over 2.3 million euros, which is also outrageous if you ask me.
TBC does not use market forces to determine the price of the coin. It is determined by a formula that always increases its value so that people who got in early see a return on their investment.
These kind of returns defy all financial logic and they can only be funded by other investors joining.
The Billion Coin Admin Fee
The Billion Coin locks its members’ coins then promises them that TBC will soon hit the exchange.
To unlock your coins at TBC, you are required to pay a $10 admin fee in BTC.
The fact that you are asked to pay an admin fee in bitcoin instead of the billion coin or in Kringles is in itself a red flag.
Many people paid this fee only to discover that the promises of exchange were all lies.
The Billion Coin Exchanger
There are no available exchanges for transforming TBC to BTC or any other additional alternative cryptocurrencies to Bitcoin (usually known as Altcoins).
Although, the alleged price of 1 TBC was 68 BTC and is now 105 BTC , if you’ve bought it, then you’re stuck with it and this logically places the real value at zero.
Because there are no open exchanges that allow for TBC to be traded and the TBC mediated exchange doesn’t work, holders have to convince others to buy their coins. The only way to exchange your TBC is to lure someone else to the scam and directly sell the coin to him/her.
Some holders have been discovered trying to sell their TBC through Facebook groups for less than $0.05 each which is a far cry from their listed price of $286,000 each
TBC has warned that buying and selling of TBC should be performed with the billion coin current price. Since the exchange of TBC at a discounted price is forbidden, there are consequences.
Additionally, they insisted that TBC to fiat dollar exchange should and needs to be a paid transaction and also anyone found responsible is punished in this investment scheme.
TBC Exchange Punishments
It has been made very clear by The Billion Coin administrator that anybody who defiles its policies will be given a 6 months suspension without any further warning.
All of your TBC wallets will be suspended without warning for up to six months if submitted documentation proves that you are attempting to or have broken the Membership Agreement. All buying and selling of TBC coins must be done at the Current Price. Selling TBC coins at a discount is strictly forbidden and punishment will be swift and without notice given. All packages of TBC coins sold adding TBC coins as a gift will also be considered a discounting of the price of TBC and will be punished. The foundation of the TBC community is the Membership Agreement and we will not allow anyone to crack it, and have zero tolerance for anyone who attempts to break it.
– The TBC Admin on thebillioncoin.info
Since the threat of a six month suspension did not seem to be working, the punishment was recently intensified:
ALL TBC DISCOUNTERS, BOTH BUYERS AND SELLERS, WILL HAVE ALL OF THEIR TBC WALLETS SUSPENDED FOREVER, RETROACTIVELY! Apparently, a 6 month suspension was not enough of a deterrent to stop this abusive behavior. Keep on posting your discounting offers on Facebook, because you are making it very easy for us to find you, so we can suspend your wallets right away.
-Admin on thebillioncoin.info
What you gain from joining the TBC Program
The Billion Coin’s price continues to go up as it is based on the recruitment of individuals that utilize the billion coin app or website login page.
They claim that because of this aspect, you will get paid for every person that you recruit. You will also get paid for the people that your recruits bring to the billion coin.
Furthermore, they claim that you get paid even for the people that got in before you were recruited. If you view this from an MLM perspective, it means that you get paid whenever someone from a side-line from you recruits.
This method is used to capitalize on the number of individuals who employ The Billion Coin phony wallet app.
Clearly, this has a very similar format to pyramid schemes which are considered illegal and scams.
The Billion Coin (TBC) Wallet
The Billion Coin offers a mobile application that is reported to be all in one for TBC business, where you advertise TBC with Kringle Cash and you can deal with your coins together with the tbc 009 wallet.
Based on the reviews on Google Playstore, this application is just but a web app on the main TBC website.
Unfortunately, several users of this particular app discovered that the TBC wallet app is just filled with banners and adverts and has no actual value.
Frequently asked questions
What is the current price of TBC?
The true value of the tbc coin is 0. It is basically worthless and you cannot exchange it unless you lure someone else into the scam.
Does the tbc site have a physical address?
No address or identifying information has been provided on the site. This enables The Billion Coin to remain a completely anonymous operation which is definitely suspicious.
are there Stores that accept TBC?
No store accepts TBC. Those who claim to have spent TBC in stores cannot provide any proof of doing such.
Is there information regarding the owners of the site?
A domain report reveals that thebillioncoin.info was privately registered which makes it pretty hard to find any information pertaining to the creators of the TBC website.
Does the website promise unbelievably high returns?
Yes it does. They claim to generate a daily return between 2% to 5% until your initial deposit reaches Ultimate Price which is outrageous. The projection calculator featured at thebillioncoin.info will show how a minimum deposit of $100 in bitcoins will magically grow to an estimated value of $132,392.18 in just one year.
How can one identify a scam coin?
To identify cryptocurrency scams, look out for the following;
- Is the coin being centralized?
- Does the coin pay return to its investors?
- Does the coin depend on investors for it to be sustained?
If the answer is YES, then turn the other way and do not invest your money in it.
Conclusion: The Billion Coin scam
In conclusion, the billion coin is not a genuine cryptocurrency and is definitely a scam.
It is clearly a Ponzi scheme ran by an anonymous Kris Kringle who wants to scam people out of their hard earned money.
TBC artificially creates a return on your investment with a formula and does not use the open market to determine the true value of the coin. This is absurd as, usually, the market dictates the value of the coin. They claim to be decentralized, but your wallet can be suspended forever by the admin if you do not follow their rules.
TBC targets gullible cryptocurrency investors and people in third world countries as the alleged ROIs promised through their community are unrealistic.
If you’re presented with the opportunity to buy The Billion Coin, avoid it at all costs. Don’t invest in anything that makes impossible claims of something for nothing. If you discover any other online site like this one, avoid it like the plague.
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