Teno Coin Review: TNC points ICO lending Ponzi scheme
Teno Coin provide no information on their website about who owns or runs the business.
The Teno Coin website domain (“teno.io”) was privately registered on January 2nd, 2018.
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.
Teno Coin Products
Teno Coin has no retailable products or services, with affiliates only able to market Teno Coin affiliate membership itself.
The Teno Coin Compensation Plan
Teno Coin affiliates purchase TNC points from the company’s anonymous owners.
TNC points are sold to Teno Coin affiliates for 50 cents to $1.35 each.
Once acquired TNC points are “lent” back to Teno Coin on the promise of a monthly ROI of up to 55.8%.
- invest $100 to $1000 and receive a daily variable ROI for 240 days
- invest $1010 to $5000 and receive a daily variable ROI plus 0.16% bonus daily ROI for 210 days
- invest $5010 to $10,000 and receive a daily variable ROI plus 0.24% bonus daily ROI for 180 days
- invest $10,010 to $100,000 and receive a daily variable ROI plus 0.32% bonus daily ROI for 90 days
- invest $100,010 to $250,000 and receive a daily variable ROI plus 0.38% bonus daily ROI for 60 days
Referral commissions are available on TNC point investment by downline affiliates, paid down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 5%
- level 2 – 3%
- level 3 – 1%
Joining Teno Coin
Teno Coin affiliate membership is free, however free affiliates can only earn referral commissions.
Full participation in the Teno Coin MLM opportunity requires a minimum $100 investment.
Conclusion
Teno Coin claims to generate ROI revenue through “bitcoin mining” and “trading of cryptocurrency”.
The investment team applies intensive analysis and research, to use the innate inefficiency of the markets in which it operates.
No evidence of either mining or cryptocurrency trading is provided.
Furthermore Teno Coin’s claims fail the Ponzi logic test.
If Teno Coin’s anonymous owners were indeed able to legitimately generate a consistent monthly ROI of up to 55.8%, why would they want to share that revenue with randoms over the internet?
The external ROI revenue claim becomes even more absurd when you consider Teno Coin’s claims that it is run by ‘a gathering of traders, long time investors in the forex market and cryptocurrency from 2005‘.
Teno Coin’s owners can generate a 55% monthly ROI, have been trading for thirteen years and still need your money to launch another pointless altcoin ICO?
Please.
Teno Coin’s only verifiable source of revenue is new investment. Using new investment to pay existing affiliates a monthly ROI makes Teno Coin a Ponzi scheme.
Lending ICO Ponzis like Teno Coin play out as follows:
Admins (who are typically anonymous) offload worthless pre-generated points in exchange for real money. In this case it’s TNC points.
The admins then use some of this money to pay promised ROIs for as long as new affiliates sign up.
Once affiliate recruitment dries up so does the ROI reserve.
When a predetermined threshold is reached, the anonymous Teno Coin admins pull a runner with what’s left.
Early Teno Coin investors make a bit of money (mostly via recruitment of new investors). But same as any other Ponzi scheme, the reality of such scams is that the majority of participants eventually lose money.