Welcome to my Icoin Market Review. There has been some vibe about this company called Icoin Market,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 Icoin Market and want to find out if it is a legit company or a scam.
Here is a detailed review on the company Icoin Market and I would walk you through the Icoin Market company,the compensation plan,the products and the verdict.
ICoin Market Review – The Company
The company website does not provide any information about who owns or operates the business.
The iCoin Market website domain was registered for the first time as “icoinmarket.com” in April of 2013.
The details of the domain registration were updated on the 8th of May, 2017, which likely means that is when the current owner(s) took possession of it.
The site domain icoinmarket.com was initially registered some time back in April of 2013. Since then, the details for the domain were updated a couple months ago on May 8, 2017 — likely the date when the current owner took over.
ICoin Market’s website features an address over in Hong Kong, and after some snooping around, it came to my attention that this is the exact same address that was used by Click Intensity.
Click Intensity is a type of Ponzi scheme that was first launched early last year by a Mr. Nick Johnson, and after visiting Johnson’s personal Facebook page, it became clear that he is in fact the owner of iCoin Market as well.
Click Intensity is a business that was launched in early 2016 by Nick Johnson.
Since the launch, Johnson continues to be active on social media, promoting several companies that he’s launched.
Click Intensity began its decline approximately a year after launch, which Johnson then followed up by launching Ads Cash Coin.
Johnson used this new company to offload generated Ads Cash Coin points onto affiliates of Click Intensity.
Affiliates were demanding answers and the company was looking to recoup their losses, so in mid June, Johnson announced the launch of iCoin Market.
iCoin Market Review – The Products
iCoin Market does not have any retail products or services to offer.
Affiliates who join iCoin Market simply market the affiliate membership.
Affiliates for iCoin Market have nothing to do other than to invest money in the company and recruit other people to do the same, and this is a setup that’s only ever seen with entities that exist within the MLM underbelly.
The iCoin Market Compensation Plan
iCoin Market affiliates who want to take part in the compensation plan must invest funds for ROIs of up to 300%.
· Aggressive – Receive 60% of profits generated after 3 months
· Distributed – Receive 40% of profits generated after 6 months
· Safe – Receive 30% of profits generated after 12 months
· Stable – Receive 20% of profits generated after 18 months
· Fixed – Receive 10% of profits generated after 24 months
Half of generated ROIs are paid out in bitcoin, which the other half is paid in Ads Cash Coin.
Referral commissions that are earned on invested funds are paid out down 3 levels of sponsorship(unilevel):
· Level 1 (Personally sponsored affiliates) – 10% (must invest at least $100 to qualify)
· Level 2 – 3% (Must invest at least $1000 to qualify)
· Level 3 – 2% (Must invest at least $10,000 to qualify)
Cost To Join iCoin Market
The cost to join iCoin Market as an affiliate is free, but free affiliates cannot earn MLM referral commissions.
The smallest amount of money you can invest in order to earn on these MLM rates is $100, and if you’d like to fully participate in everything that iCoin Market is offering, you’ll need to increase that investment amount to $10,000.
In order to qualify for MLM commissions, affiliates must invest a minimum of $1000.
To fully participate in the company income opportunity, affiliates are required to invest at least $10,000.
Is Icoin Market Actually Legit Or A Scam?
Icoin Market is actually legit and not a scam.However,to be successful in Icoin market or any other network marketing company out there it would depend on your lead generation technique,your ability to recruit and your marketing techniques.
Verdict on iCoin Market
As we’ve seen so many times before, here we have another MLM company that has no real products or services to offer…
So what does this mean?
It means that the only way to keep this company afloat is by recruiting more and more affiliates who will invest their own funds to join…
And that is the only way to pay ROIs to affiliates who joined earlier…
But it is virtually impossible to keep recruitment numbers as high as when a company first launches.
Essentially what iCoin Market is saying is that you can invest money and then earn an ROI of as much as 300% without any other effort required on your part.
That might sound like a nice setup at first, but what’s truthfully taking place is that affiliates are doing nothing more than investing money back into Ads Cash Coin.
Ads Cash Coin hasn’t been the success that Johnson was hoping, and as such, he needs to get more money circulating through the company
And when recruitment numbers decrease, so will investment…
Then affiliates will start looking elsewhere for a more constant stream of income, causing the company to close down
So please keep in mind if you are considering this company…
I hope you enjoyed my iCoin Market review and if you have any questions, please leave them in the comments below…