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%
Affiliate membership with RevCoin is free, however affiliates must invest at least $10 to participate in the attached MLM opportunity.
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.