Welcome to my CoinXL Review. There has been some vibe about this company called CoinXL,so I decided to find out what the company was all about and do some research on the company.
You are probably here because you have heard of CoinXL and what to find out if it is a legit company or a scam.
Here is a detailed review on the company CoinXL and I would walk you through the CoinXL company,the compensation plan,the products and the verdict.
CoinXL Review – The Company
CoinXL does not provide any information on their website about who owns or operates the business.
The CoinXL website domain was registered privately as “coinxl.com” on the 4th of June, 2017.
A little more research revealed that Brad Cook is listed as part of CoinXL’s “leadership” team.
Other than that, it isn’t clear exactly what Cook’s specific role is within CoinXL.
Unfortunately, I was not able to find Cook’s exact title within CoinXL.
Brad Cook was first spotted in the MLM world in 2014 when he was serving as the CEO for NexxStars — a Ponzi scheme that collapsed in under a year.
In addition to NexxStars, Cook also claims to have been a part of National Safety Associates, Enliven, and Smart Travel.
CoinXL Review – The Products
CoinXL does not have any retail products or services to offer.
CoinXL isn’t marketing or selling anything to retail customers, and as a result of this, affiliates for the company have nothing other than the affiliate membership to offer to potential new recruits.
This setup means that there’s a total lack of retail sales activity within CoinXL, and that’s usually a telling sign that you’re dealing with some sort of scheme or scam.
Affiliates can only market the CoinXL affiliate membership.
The CoinXL Compensation Plan
CoinXL affiliates must invest bitcoin for a promised 1% daily ROI for 150 days.
· L1 – Invest 0.100175 BTC and receive a 0.15 BTC ROI
· L3 – Invest 0.300525 BTC and receive a 0.45 BTC ROI
· L5 – Invest 0.5000875 BTC and receive a 0.75 BTC ROI
· XL1 – Invest 1.0175 BTC and receive a 1.5 BTC ROI
· XL2 – Invest 2.035 BTC and receive a 3 BTC ROI
· XL4 – Invest 4.07 BTC and receive a 6 BTC ROI
· XL5 – Invest 5.0875 BTC and receive a 7.5 BTC ROI
Referral commissions are earned on invested funds by sponsored affiliates and are paid and tracked through a binary compensation structure.
This type of compensation structure puts an affiliate at the top of a binary team that splits into a left and right side.
CoinXL counts up new investment volume on each side of the binary team at the end of every day.
Affiliates earn a percentage on the funds that are generated on the weaker binary side, which is based on how much they have invested:
· LL05 – 5% binary commission capped at 0.1 BTC a day and/or 3 BTC/month
· L1 – 6% binary commission capped at 0.2 BTC a day and/or 6 BTC/month
· L3 – 7% binary commission capped at 0.6 BTC a day and/or 18 BTC/month
· L5 – 9% binary commission capped at 0.1 BTC a day and/or 30 BTC/month
· XL1 – 11% binary commission capped at 2 BTC a day and/or 60 BTC/month
· XL2 – 13% binary commission capped at 4 BTC a day and/or 120 BTC/month
· XL4 – 15% binary commission capped at 8 BTC a day and/or 240 BTC/month
· XL5 – 20% binary commission capped at 10 BTC a day and/or 300 BTC/month.
Referral commissions are funded by money invested from affiliates you recruit into CoinXL, and this money gets paid out to members via a binary structure
Cost To Join CoinXL
The cost to join CoinXL as an affiliate is an investment of between 0.100175 and 5.0875 BTC.
Choosing to invest more money into CoinXL will allow you to earn more than affiliates that invest less.
There is also an LL05 affiliate membership option that costs 0.05000875 BTC, but these affiliates do not receive a daily ROI payout.
Is CoinXL Actually Legit Or A Scam?
CoinXL is actually legit and not a scam.To be successful in CoinXL and actually any mlm company out there it would depend on your lead generation technique,your ability recruit and marketing techniques.
Verdict on CoinXL
CoinXL is yet another entry into the “invest bitcoin, do nothing and we’ll pay you back more than you invested” MLM underbelly niche.
A niche that has seen a bunch of scams launched over the past few months, all of which have collapsed well before their ROI maturity period.
The first of these type of bitcoin scams to launch was GladiaCoin.
Gladiacoin launched in March and promised a 200% bitcoin ROI in 90 days. The same bitcoin trading ruse as CoinXL are now using was trotted out.
With there obviously being no trading taking place, GladiaCoin collapsed just inside the initial 90 day ROI period.
So, in order to propel the business forward, they rely on continuously recruiting new members who will invest….
But when these recruitment numbers slow down, so will income and ROI payouts…
I hope you enjoyed my CoinXL review and if you have any questions, please leave them in the comments below…