RevCoin Review: Revcoin.org A Suspicious RVC Cryptocurrency Platform
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Revcoin.org is a very shady website. It does not provide any details about the owner of the company. The site claims to be registered with a UK Companies House. The incorporation date of the company is 22nd June 2016. The sites give the address of a private limited company. In truth, it is the address of a house in Hertfordshire, England.
There are many other suspicious aspects of this company. It gives the name of only one person as the founder and manager of the organization. Social media accounts indicate that fake profiles were created in the last few weeks to try to form a false image of RevCoin. The site does not give any further information about the founder or their vision for the company. The model of this company is like any other MLM scam,
What Is RevCoin?
From the very start of our review, we can see that RevCoin is hiding information about its founder. At this point, you should evaluate the legitimacy of this MLM cryptocurrency yourself. Unless a company is scamming people, there is no other reason why a company would hide information about its owners.
RevCoin (RVC) claims to be a cryptocurrency. It says that users can generate RVC via mining. The company claims to have 20% control over the supply of RVC coins. It heavily features RVC as an efficient mineable cryptocurrency. Block Experts, a third-party cryptocurrency website, do have RVC on its list. However, it seems like the RevCoin’s owner only uses RVC.
Think about all the legit sites that you know about. At these sites, you can easily find the details about the founder(s), contact information, and their vision for the organization. Thus, whenever you find a company that does not readily give information about its origin, you should start questioning its legitimacy.
Crypto coin scams like RevCoin often choose to hide any substantial information from the users. It is concealing the owner’s name and the official contact information, which points towards the fraudulent nature of the company. It is a common trend among the cryptocurrency industry that the companies try to hide their essential information and are later found to be scams.
Products Line
RevCoin offers only affiliate memberships. It does not have any products or services listed on its website. In every crypto coin company, it is vital to find out about their product line to determine the authenticity of the company. A product line or some services allow the companies to attract customers and fulfill their requirements. In companies like Revcoin.org, where no product line is available, the compensation is made through affiliate memberships.
Without a product line, a company becomes dependent on the affiliates to generate funds. Even if some of these funds are distributed as commissions, mostly the members have to bear losses in the end.
Moreover, the companies pay commissions to the old members when new affiliates join the community. However, the compensation is very low in most of such organizations. Company owners make most of the money, while the affiliates have to suffer losses. It is a traditional strategy of any Ponzi scheme.
Hence, you can observe that this crypto coin scam uses similar tactics to scam people because it does not have any product line, and the only way to get some sort of compensation is through affiliate memberships. Consequently, companies like Revcoin.org rely on members’ funds to pay off the affiliates’ commissions, which is a common practice in a Ponzi scheme.
You should divert your investment and energy towards reliable crypto trading bots. You can implement all of the good trading strategies through crypto trading bots. They allow you to make smart investments with calculated risks and projected profits. They are much better than a suspicious coin scheme like RevCoin because they have lesser risk and higher chances of earning good profits.
Founder of RevCoin
Revcoin.org states Carlo Trabattoni to be the marketing manager of the company. After some research on social media like Twitter, it can be found that the accounts of Carlo Trabattoni were recently created. Moreover, it suggests that the profiles are fake, and Trabattoni may not actually exist. There is no other information available about the owner of the website. Remember that if a crypto company is trying to hide the official name and information about its managers, there is probably something wrong.
Compensation Plan
RevCoin has a well-crafted compensation plan to entice the users. It asks the affiliates to invest anywhere between $10 to over $2000. Moreover, it promises a daily return of investment. It claims to pay $2000 on an investment of just $10. It is utterly false because no platform can offer daily ROI on such a small investment.
The amount of money you invest is directly linked to the ROI that you can receive. Moreover, the site mentions the following criteria of daily ROI:
- 5% daily ROI on an investment of $10 to $499
- 3% daily ROI on an investment of $500 to $1999
- 5% daily ROI on an investment of over $2000
In addition to the daily ROIs, RevCoin claims to pay referral commissions. The referral scheme is similar to a standard unilevel MLM plan. The referral commission is paid at the three levels of recruitment:
- 5% commission on level 1
- 3% commission on level 2
- 1% commission on level 3
The company presents its compensation plan as some kind of golden opportunity that can transform your future. Remember that they are trying to impress you to make you invest in the suspicious company. You have to invest a minimum of $10 in becoming an affiliate. There is no maximum limit on the investment, but the compensation plan gives details about ROI on a maximum investment of $2000.
Membership
If you think that RevCoin is a genuine company, then you will be happy to know that its initial affiliate membership is completely free. Yet, affiliates need to invest at least $10 to earn daily ROI and be a part of the referral commissions. There is no official data about the current number of members of RevCoin. However, the website has been available since 2016, so it is possible that the company already has a large community. Everyone should be aware of the suspicious activities of this shady organization. Do not become its member and warn your friends and family about the fraudulent nature of Revcoin.org.
Final Verdict About RevCoin
As discussed in the compensation plan, Revcoin.org depends on affiliate memberships and referral commissions to generate funds. Even if the RVC coin is authentic, the scheme itself is shady, to say the least. It follows the same model of any Ponzi scheme. Like in any other Ponzi scheme, once new members stop coming to the company, it will fail to satisfy the members. Eventually, it will collapse, and the investors will lose their hard-earned money.
Do not waste your money in a Ponzi scheme like Revcoin.org. Instead, learn about the legit crypto trading bots. Most of these bots offer demo and trial versions, which you can use to gain experience in crypto trading and get good at it to earn a stable income. You can implement all of the good trading strategies through crypto trading bots. These genuine and powerful trading tools give you a real opportunity of becoming successful in competitive cryptocurrency trading, which you cannot find in crypto coin scams like RevCoin.
