IdeaCoin Review – Legit Business with ICO Lending or Huge Scam?
Welcome to my IdeaCoin Review!
It seems like their is a new ICO popping up in the network marketing arena and IdeaCoin is one of the latest ones…
Chances are someone approached you about the investment opportunity and you landed here to make sure it’s legit.
The good news is I am going to walk you through the company, products and compensation plans so you can make the right decision.
Let’s dig in shall we?
IdeaCoin Review – The Company
IdeaCoin doesn’t talk about who runs the show or owns the business on their website.
I checked out the IdeaCoin website domain “ideacoin.co” and found out it was privately registered on October 19th, 2017.
Literally that’s the only info I have on the company sorry to say…
Reminds me of BankCoin.
IdeaCoin Reviews – The Products
IdeaCoin doesn’t have any retail products or services, but you can become an affiliate and promote their membership.
Another thing you can do is invest in their IDEA points for a ROI.
IdeaCoin Compensation Plan
When you join IdeaCoin, you can invest in something called IDEA points which you buy from the company.
These IDEA points are sold for 85 cents to $1.05 each.
Once you do buy, you lend them back to the company for a promised monthly ROI of up to 45%:
- Invest $100 to $499 and receive a daily ROI for 240 days
- Invest $500 to $999 and receive a daily ROI plus 0.05% bonus daily ROI for 210 days
- Invest $1000 to $4999 and receive a daily ROI plus 0.1% bonus daily ROI for 180 days
- Invest $5000 to $9999 and receive a daily ROI plus 0.2% bonus daily ROI for 150 days
- Invest $10,000 to $49,999 and receive a daily ROI plus 0.25% bonus daily ROI for 120 days
- Invest $50,000 to $99,999 and receive a daily ROI plus 0.3% bonus daily ROI for 90 days
IdeaCoin pays sponsoring commissions through a unilevel compensation plan that pays seven levels deep.
Note these commissions are paid on the investment as a percentage:
- Level 1 (Personally sponsored members) – 8%
- Level 2 – 3%
- Level 3 – 2%
- Level 4 to 6 – 1%
- Level 7 – 0.5%
Residuals are paid through a binary compensation plan structure.
Binary plan has two legs, left and a right.
End of each day IdeaCoin adds up the new investment volume on both legs and pays you on the lesser leg.
For ever $2500 investment volume is found on both legs, you get a $100 commission.
The max you can earn is $400 per 24 hours.
Cost To Join IdeaCoin
The cost to join IdeaCoin is free, but you can only earn referral commissions.
If you want to be part of the investment opportunity, you must put in at least $100 in IDEA points.
The moment you have been waiting for inside of this IdeaCoin review…
Verdict on IdeaCoin
Now according to their website, IdeaCoin generates their ROI’s through something called an IdeaBot.
Apparently this IdeaBot is some kind of self acting trading system that works 24/7.
The issue with this statement is they show no PROOF of trading or IdeaBot.
Second thing is these IDEA points are useless outside of the company…
Third thing is that the owner(s) are not transparent on who they are…
How can you join a company if you don’t even know who runs it?
Personally leadership in the company is VERY important.
Because of all that, I personally don’t recommend this company.
It’s setup like a ponzi…
Anyway, I hope you enjoyed my IdeaCoin review and if you have any questions, please leave them in the comments below…
My personal recommendation (totally optional of course)…
I have been in the network marketing field for a few years and have made well over 7 figure in this industry so I know what to look for when you join a company…
Anyway, after reviewing hundreds of companies and systems out there…
It’s the only system out there where you will learn step by step on how to build a business online with the right training’s, tools and the right mentorship
Don’t believe me?
Take a look at my recent results…
Better yet, take a look at my team members results:
You will thank me later 🙂
Follow me on Social media below (I am a real person :)):
See you at the top,
P.S. If you want to learn how I made 7 figures in the last 12 months, watch this video.