Fission Coin Review: Three tiers of Ponzi points
There is no information on the Fission Coin website indicating who owns or runs the business.
The Fission Coin website domain (“fissioncoin.com”) was registered on June 10th 2016, however the domain registration is set to private.
Alexa currently estimate that 35.4% of all traffic to the Fission Coin website originates out of Russia. Neighbouring Ukraine is the second largest source of traffic, coming in at 9.4%.
This strongly suggests that whoever is running Fission Coin is likely based out of Russia.
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.
The Fission Coin Product Line
Fission Coin has no retailable products or services, with affiliates only able to market Fission Coin affiliate membership itself.
Once signed up, Fission Coin affiliates are able to invest in virtual points Fission Coin represent as a three-tier cryptocurrency.
The company claims it ‘applies the theory of nuclear fission reaction on the coin mining system‘.
The Fission Coin Compensation Plan
The Fission Coin compensation plan sees affiliates invest in three tiers of virtual points; Bronze (FCB), Silver (FCS) and Gold (FCG).
As per the Fission Coin website, the company increases the value of each virtual point tier each month:
The coin price increases on a monthly basis and never declines.
The bronze coin increases by 3.00%; the silver coin increases by 4.00%, and the gold coin increases by 5.00%.
Fission Coin affiliates invest specified minimum amounts in either FCB, FCS or FCG, on the promise of an advertised ROI of “as much as” 3% a day for 120 days (360%).
- FCB – minimum investment amount is 100 FCB
- FCS – minimum investment amount is 500 FCS
- FCG – minimum investment amount is 1000 FCG
The above FCB, FCS and FCG amounts in US dollars changes from month to month.
To give you a general reference point, here are the quoted values for August and September 2016 on the Fission Coin website:
- FCB – $1.09 in August and $1.13 in September
- FCS – $5.62 in August and $5.85 in September
- FCG – $11.58 in August and $12.16 in September
Referral commissions in Fission Coin are paid out via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 2 and so on and so forth down a theoretical infinite number of levels.
Fission Coin cap payable unilevel levels at seven.
A 10% referral commission is paid on funds invested by unilevel team affiliates. a 2% referral commission is paid out when the same affiliates perform “transactions” within Fission Coin.
Using the same unilevel compensation structure, the following virtual point referral commissions are also paid out on daily ROI payouts:
- level 1 (personally recruited affiliates) – 3%
- level 2 – 2%
- level 3 – 1%
Joining Fission Coin
Fission Coin affiliate membership is free, however affiliates must invest in virtual points to participate in the attached MLM opportunity.
At the time of publication (August 2016) the minimum investment amounts are as follows:
- Bronze minimum investment of 100 FCB = $109
- Silver minimum investment of 500 FCS = $2810
- Gold minimum investment of 1000 FCG = $11,580
The fissioncoin is the best coin with which to save your e-currencies or virtual coin because you never have to worry about price volatility.
Here, all prices are fixed and increase every month according to the system rules.
You decide investing in Fission Coin is a great idea and invest the minimum amount at either Bronze, Silver or Gold.
After 120 days you put in a withdrawal request for more money than you initially invested.
Where does that money come from?
Therein lies the problem with Fission Coin. The only source of revenue entering the company is affiliate investment, ergo it’s the only source of funds paid out.
Using newly invested funds to pay off existing investors makes Fission Coin a Ponzi scheme.
Furthermore, and this really should be obvious, a business model that perpetually increases the ROI rate each month is promising fairy dust.
By guaranteeing that Fission Coin Ponzi points never decline in value and only ever increase each month, the value of the points are clearly detached from the rate of new investment.
Whether they have the funds to make good on each point based on the current assigned value of each point, Fission Coin will increase the value month after month regardless.
This is a recipe for disaster, with affiliates likely to continue to invest and re-invest funds on the belief the points the are investing in are indeed worth what Fission Coin represent to them.
This couldn’t be farther from the truth, with most affiliates likely in for a shock when they go to withdraw funds Fission Coin simply doesn’t have.