Falcon Coin Review: 180 day ROI “trading bot” ICO lending Ponzi
Falcon Coin provide no information on their website about who owns or runs the business.
The Falcoin Coin website domain (“falconcoin.co”) was privately registered on October 7th, 2017.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
Falcon Coin Products
Falcon Coin has no retailable products or services, with affiliates only able to market Falcon Coin affiliate membership itself.
The Falcon Coin Compensation Plan
Falcon Coin affiliates acquire FFC points from Falcon Coin’s owners.
Once acquires, FFC points are “lent” back to the company on the promise of a 180 day ROI.
- invest $1 to $1000 and receive a variable daily ROI
- invest $1001 to $5000 and receive a variable daily ROI plus 0.1% daily ROI bonus
- invest $5001 to $10,000 and receive a variable daily ROI plus 0.15% daily ROI bonus
- invest $10,001 to $50,000 and receive a variable daily ROI plus 0.2% daily ROI bonus
- invest $50,001 to $100,000 and receive a variable daily ROI plus 0.25% daily ROI bonus
- invest $100,001 or more and receive a variable daily ROI plus 0.3% daily ROI bonus
Referral commissions are available on funds invested by downline affiliates, paid out down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 7%
- level 2 – 3%
- level 3 – 1%
Joining Falcon Coin
Falcon Coin affiliate membership is free, however free affiliates can only earn referral commissions.
Full participation in the Falcon Coin MLM opportunity requires a minimum $1 investment.
Falcon Coin presents itself as yet another ICO lending Ponzi scheme.
Falcon Coin claim to generate ROI revenue through a “trading bot and volatility software”, however no evidence of either is provided.
Despite this, Falcon Coin represent to affiliate investors that ROIs of more than 300% every 180 days will be paid out.
As it stands the only verifiable source of revenue entering Falcon Coin is new affiliate investment, the use of which to pay affiliates a 180 day ROI makes it a Ponzi scheme.
Lending ICO Ponzis like Falcon Coin play out as follows:
Admins (who are typically anonymous) offload worthless pre-generated points in exchange for real money. In this case it’s FFC points.
The admins then use some of this money to pay promised ROIs for as long as new affiliates sign up.
Once affiliate recruitment dries up so does the ROI reserve.
When a predetermined threshold is reached, the anonymous Falcon Coin admins pull a runner with what’s left.
Early Falcon Coin investors make a bit of money (mostly via recruitment of new investors). But same as any other Ponzi scheme, the reality of such scams is that the majority of participants eventually lose money.
Update March 5th 2018 – As of March 4th Falcon Coin has collapsed. The company website has been taken offline.
As expected, those who recruited Falcon Coin investors made a bit of money and everyone else lost out.
That’s hilarious! Do these scammers realize that they have moved the decimal points of their alleged interest payments one place to the left of what is the standard fraudulent claims of alt-coin trading/mining/investment SCAMS?
I mean it’s not like a legitimate investor wouldn’t be thrilled to make 36%-109% per year ….
But then there’s the problem of where the referral fees come from and how many recently-burned gamblers actually believe that these clowns will still be around and “paying” when the return of the capital is due in six months.
“Falcon Volatility Software” Pffttt!
Review updated regarding Falcon Coin’s collapse.