RevCoin Review: Ponzi investment & unrelated RVC cryptocurrency
There is no information on the RevCoin website indicating who owns or runs the business.
A UK Companies House registration is provided on the RevCoin website, citing an incorporation date for RevCoin Limited on June 22nd, 2016.
The address provided on the corresponding private limited company registration in a residential area in Hertfordshire, England.
Carlo Trabattoni is listed as the sole “Marketing Manager” on the registration. Social media accounts bearing Carlo Trabattoni’s name were only created in the past few weeks, suggesting Trabattoni doesn’t actually exist.
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 RevCoin Product Line
RevCoin has no retailable products or services, with affiliates only able to market RevCoin affiliate membership itself.
The RevCoin Compensation Plan
The RevCoin compensation plan sees affiliates invest $10 to over $2000 on the promise of a daily ROI.
How much of a ROI is paid out is determined by how much a RevCoin affiliate invests:
- invest $10 to $499 and receive a 2.5% daily ROI for 58 days (145%)
- invest $500 to $1999 and receive a 3% daily ROI for 58 days (174%)
- invest $2000 or more and receive a 3.5% daily ROI for 58 days (203%)
Referral commissions are available on funds invested by recruited affiliates, paid out down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 5%
- level 2 – 3%
- level 3 – 1%
Joining RevCoin
Affiliate membership with RevCoin is free, however affiliates must invest at least $10 to participate in the attached MLM opportunity.
Conclusion
The RevCoin website features a purportedly mineable cryptocurrency called RVC Coin.
RVC does appear on the third-party website Block Experts, however the coin itself doesn’t appear to be used by anyone other than the RevCoin admin.
The RevCoin website states that the admin(s) of the company hold 20% of the total supply of RVC Coin.
What any of this has to do with RevCoin’s MLM opportunity though I have no idea.
RevCoin affiliates invest a minimum of $10 on the promise of a 145% to 203% ROI.
The only source of verifiable revenue entering RevCoin is affiliate investment, meaning all the company is doing is using newly invested funds to pay off existing investors.
This makes RevCoin a Ponzi scheme, irrespective of any merit RVC Coin may or may not have.
As with all Ponzi schemes, once recruitment of new investors dries up, RevCoin will find itself unable to meet it’s ROI obligations.
At that point the scheme collapses, with Ponzi math dictating that most RevCoin investors will lose money.
What is the status of OneCoin/OneLife? I have not seen any news about them on your website lately. I hear they are planning to go public later this year.
Nobody can withdraw points and recruitment has plateaued.
No news because there isn’t any.
Hearing they will go public and them really doing it are two different things.
There is no market for the coin – I fear they don’t want to go public as the true value of the coin will surface.
The OneCon US affiliates are still at it calling it “educational meetings.” Some have even formed corporations but OneCon is never mentioned.
I hear tell there’s a push going after retirement accounts from the sheep. I expect it to implode any time soon.
The next big scam comes with the merger of mining and ponzi Golbex in the project called Exirecloud.
Where do you hear that?
You said bad things about coince and i have made alot till now. I see huge potential with revcoin.
Onecoin was a fake crypto not even listed on blockexperts, Revcoin is listed on blockexperts.
Carlo has all info exposed even the domain name his name is exposed, I have also voice chat spoke to him personally and he seems like a nice genuine and educated admin. I will play here for sure!
I appreciate the effort you put in investigating about MLM or HYIPs but really coince proved you wrong and this is why i will play here.
Whether you succesfully scammed people or not has no bearing on an opportunity being a scam.
How so? You stealing from people doesn’t change the business model, which is Ponzi fraud.
Curiously somebody is also running a Ponzi scheme from the house next door to the Hertfordshire address. I wonder if they know each other?
It is MyTrafficBux and the admin is Prem Swain who apparently is a well known team leader in Traffic Monsoon.
fixed that for ya.
Have you heard the latest news apparently most people think its coince admin behind revcoin.org, Info can be found on mmg and facebook.
I decided to try Revcoin. Invested $10 to try it out.
After earning $12.5, I tried withdrawing it; after three weeks, it’s still pending.
I have emailed different Revcoin contacts at least 50 times with not a single reply; their telephone does not ring. I have concluded that Revcoin is a 100% SCAM!
^^ Adew
Revcoin isn’t a scam because you personally didn’t get paid. Revcoin is a scam because it’s a Ponzi scheme.
You ignored the glaring scammy business model and learnt that the hard way.