R2B Coin Review: “The Asian Currency” pump and dump altcoin
R2B Coin claim to be “processed and managed” by Williams Corporation Limited, a company purportedly based out of Hong Kong.
Other than stating Williams Corporation is “a licensed global firm which operates as a service provider”, no further information about the company is provided.
Two executives are featured on the R2B Coin website, David Wu (Asian Marketing Director) and Eddie Lo (Business Director).
Wu’s corporate bio states he’s an American citizen originally from Taiwan.
He holds a real estate license in the state of California and has experience building and selling million dollar homes in Palo Alto, California. He also has experience working in California hospitals as an Emergency Room Technician.
When he returned to Taiwan from the US in 2008, he helped coach Taiwan’s Olympic swim team.
He has owned restaurants in Las Vegas, Nevada, Los Angeles, California and, most recently, in Taipei, Taiwan.
Mr. Wu speaks five languages fluently and he has been engaged in network marketing for over 30 years, primarily in Taiwan and in China.
No details about Wu’s purported thirty-year history in network marketing are provided.
Read on for a full review of the R2B Coin MLM opportunity.
R2B Coin Products
R2B Coin has no retailable products or services, with affiliates only able to market R2B Coin affiliate membership itself.
The R2B Coin Compensation Plan
R2B Coin affiliates invest in R2B coins.
- Trainee – invest $100 and receive $100 worth of R2B coins
- Manager – invest $500 and receive $520 worth of R2B coins
- Team Manager – invest $2500 and receive $2725 worth of R2B coins
- Director – invest $5000 and receive $5550 worth of R2B coins
- CEO – invest $25,000 and receive $30,000 worth of R2B coins
- Chairman – invest $50,000 and receive $65,000 worth of R2B coins
R2B are pre-generated points sold to R2B Coin affiliates at an initial cost of 0.8 cents per coin.
R2B Coin themselves set the internal value of R2B, based on the value rising per set number of new R2B coins purchased from the company (up to $188).
The current internal value of R2B is not publicly disclosed on the R2B Coin website.
The idea is that R2B Coin affiliates invest in R2B at a set price, over time R2B Coin increase and price and when an affiliate cashes out through the internal exchange a ROI is realized.
R2B Coin pay referral commissions via a binary compensation structure.
To qualify for residual binary commissions an R2B affiliate must recruit two affiliates (one placed on either side of their binary team).
A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).
Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.
Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note there is no limit to how deep a binary team can grow.
Residual commissions paid out through a binary team are based on points.
Points are generated when recruited affiliates placed into a binary team invest in R2B Coin affiliate packages:
- Trainee – 10 points
- Manager – 30 points
- Team Manager – 200 points
- Director – 300 points
- CEO – 500 points
- Chairman – 1000 points
At the end of each day R2B Coin tallies up new points generated on both sides of the binary team.
For every 100 points on one side matched with 200 points on the other side, a $50 residual commission is paid out.
Binary commissions are capped weekly based on affiliate recruitment:
- recruit two affiliates and earn up to $2000 a week in binary commissions
- recruit four affiliates and earn up to $5000 a week in binary commissions
- recruit eight affiliates and earn up to $10,000 a week in binary commissions
- recruit twelve affiliates and earn up to $20,000 a week in binary commissions
- recruit twenty affiliates and earn up to $50,000 a week in binary commissions
R2B Coin pay residual commissions on earnings of downline affiliates, paid out down two levels of recruitment (unilevel):
- recruit four affiliates and receive a 5% commission on level 1 (personally recruited affiliates)
- recruit eight affiliates and receive a 10% commission on level 1
- recruit twelve affiliates and receive a 10% commission on level 1 and 5% on level 2
Joining R2B Coin
R2B Coin affiliate membership is $28.
Full participation in the R2B MLM opportunity requires an additional minimum investment of $100.
R2B Coin presents itself as your typical “Missed bitcoin? Invest in our altcoin!” pump and dump scheme.
If you had bought Bitcoin for $1 000 Back in 2013, they would have been worth more than $3 million today.
Some people did and it changed their lives, a nice place to live, a new car, nice holidays, but most of all; more time to spend with their loved ones.
Every day there is a new opportunity for someone, and today this opportunity has come to you!
R2B coins are pre-generated by R2B Coin. They are not publicly tradeable and hold no value outside of R2B Coin itself.
The entire premise of R2B Coin’s $188 projected value is calculated manipulation through the company’s internal exchange.
As the image to the right shows, every few thousand R2B coins sold R2B Coin jack up the value.
That’s pretty much it and the whole concept relies on new investors willing to pay R2B Coin and earlier investors more for worthless R2B coins.
On the MLM side of things R2B Coin operates as a pyramid scheme, with no products or services marketed to and/or sold to retail customers.
The pump stage of the coin has R2B Coin promising merchant adoption and of course a balloon in R2B coin value;
With R2B, and its exploding number of users and members who will be paid to sign up shops, restaurants, or any kind of companies, the number of places where you can use R2B Coin will very fast reach millions on a global basis.
DON’T WAIT, the price increases constantly, the faster you buy the more you will make. Register now!
The dump will occur when affiliate recruitment slows down and nobody buys R2B coins at the inflated internal value.
As far as merchants go, no legitimate business is going to get involved in an entirely speculative altcoin with no real-world application or purpose.
A few R2B Coin affiliates who also own businesses might sign up, but that’s about it (think OneCoin and their DealShaker “merchant” platform).
David Wu and Williams Corporation Limited meanwhile sit on the real money they’ve been paid for R2B coins that cost them little to nothing to generate.
Run the scheme for as long as it’s profitable, then disappear when it all turns to crap.
One last point I’ll leave you with is as I write this Alexa estimate the US is the largest source of traffic to the R2B Coin website (46%).
It follows that the US is thus R2B Coin’s largest investor market.
An investment opportunity like R2B Coin is classified as a security in the US and requires registration with the SEC.
A search of the SEC’s Edgar database confirms that neither Williams Corporation Limited or David Wu are registered to offer securities in the US.
This means that in addition to pyramid fraud, R2B Coin are operating the investment side of their business illegally across the US.