Seigneur Coin Review: SEI points ICO lending Ponzi scheme
Seigneur Coin provide no information on their website about who owns or runs the company.
The Seigneur Coin website domain (“seigneurcoin.co”) was privately registered on December 15th, 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.
Seigneur Coin Products
Seigneur Coin has no retailable products or services, with affiliates only able to market Seigneur Coin affiliate membership itself.
The Seigneur Coin Compensation Plan
Seigneur Coin affiliates acquire SEI points from the company’s anonymous owners.
SEI points are sold to Seigneur Coin affiliates for 90 cents to $1.50 each.
Once acquired, SEI points are “lent” back to Seigneur Coin on the promise of a monthly ROI of up to 48%.
- invest $100 to $1000 and receive a variable daily ROI for 239 days
- invest $1010 to $10,000 and receive a variable daily ROI plus 0.15% bonus daily ROI for 179 days
- invest $10,010 to $100,000 and receive a variable daily ROI plus 0.25% bonus daily ROI for 120 days
- invest $100,010 or more and receive a variable daily ROI plus 0.35% bonus daily ROI for 99 days
Seigneur Coin pay referral commissions 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 3 and so on and so forth down a theoretical infinite number of levels.
Seigneur Coin cap payable unilevel levels at seven, with referral commissions paid out as a percentage of funds invested across these seven levels:
- level 1 (personally recruited affiliates) – 8%
- level 2 – 3%
- levels 3 and 4 – 1%
- level 5 – 0.5%
- level 6 – 0.3%
- level 7 – 0.2%
Joining Seigneur Coin
Seigneur Coin affiliate membership is free, however free affiliates can only earn referral commissions.
Full participation in the Seigneur Coin MLM opportunity requires a minimum $100 investment.
Following the collapse of BitConnect and DavorCoin, the MLM ICO lending Ponzi niche is pretty quiet.
In that respect Signeur Coin appear all too late to the game, as evidenced by launch delays.
Thanks to investors who have been eagerly awaiting Seigneurcoin.
With a heavy heart, we had to delay the launch of the lending platform to 16th February 2018.
Our development team has found a critical bug that makes lending platform not working properly.
We apologize for our inconvenience and disadvantage in providing the information because we are trying to maximize the system for the system to run smoothly.
The launch of internal exchange is delayed to 21st February 2018.
Seigneur Coin claim to generate external revenue via “volatility software”.
There is of course no evidence of this software existing, or any verified external source of ROI funds.
That leaves new affiliate investment as the sole verified source of revenue entering Seigneur Coin.
Using newly invested funds to pay existing affiliates a daily ROI makes Seigneur Coin a Ponzi scheme.
You know how this ends. Real money is given for worthless SEI points, affiliate recruitment dies, SEI plummets and the anonymous scammers running Seigneur Coin do a runner with your money.
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