How much money can you make with BeeCash? Is this a legitimate investing opportunity or just another Ponzi Scheme pretending to be one?
Let’s find out…
These ICO platforms have been getting a lot of buzz online in the make money industry lately.
Almost every single day there seems to be multiple coin launches starting up.
The Crypto marketplace is literally on fire and this is mainly due to the masses getting educated regarding the potential of Bitcoins and other Altcoins.
Now just because a market seems to be hot with the great majority of people getting involved doesn’t necessarily mean that this is a great thing.
Usually most successful Entrepreneurs will zig when everyone else is zagging.
Okay let’s get into this BeeCash Review…
BeeCash the Company:
I went on over to their website BeeCash.co and for the life of me can not figure out who is running this show.
No President, CEO or even Co-founder.
The only thing that seemed to resemble ownership was a video presentation.
The presentation overview seemed professional looking and even gave me a high tech feeling about the Company and platform.
The website BeeCash.co looked very professionally designed as well.
However there was still a problem…
The owners of The Company were not there.
And then the domain itself (which was registered on November 28, 2017)…it seemed to have silly incomplete information.
The listed domain owner is BeeCash Coin.
The location is United Stage, Newfoundland, Canada.
The problem with this is there doesn’t seem to be a city called United Stage in the Canadian province of Newfoundland.
Then the street address is 987 Westside North Westside North.
This seems like a bogus address that a child would make when trying to fool someone.
Then there’s the fact that the person who is doing the voice over in the Business presentation on the website doesn’t seem to have a Newfie accent.
I have had many friends from Newfoundland and believe me they sound nothing like that guy.
The person doing the video presentation sound lot more like Swedish.
BeeCash Product Line:
They have absolutely no retailable products or services at the moment. The only thing that their affiliates have to market is the affiliate membership itself.
BeeCash Compensation Plan:
They started lending on this platform on February 15, 2018.
Investors have to purchase BEH points from the company at a cost of 60 cents – $1.20 each and then lend them back for a monthly ROI (up to 45%).
BeeCash has 4 plans:
1- Invest between $100 – $1,000 and receive a variable daily ROI over a period of 200 days.
2- Invest between $1,001 – $5,000, receive the daily rate plus a daily bonus of 0.1% for a period of 180 days.
3- Invest between $5,001 – $10,000, receive the daily rate plus a daily bonus of 0.2% for a period of 120 days.
4- Invest between $10,001 – $100,000, receive the daily rate plus a daily bonus of 0.35% for a period of 90 days.
The more risk someone is willing to take, the shorter your maturity period will be.
There seems to be a CAP on the withdrawals…
Only 30% can be withdrawn and everything else has to go back into the pot as reinvested funds.
BeeCash is paying out referral commission on 15 levels deep using a uniline comp plan as follows :
1- 8% (personally sponsored affiliates).
11 – 15- 0.05%
Cost to join BeeCash:
1- Free but you can only make referral money .
2- $100 minimum for people who want to participate in the passive income side of things.
BeeCash and BeeCash.co seems to be an HYIP that revolves around recruitment for revenue.
Is this an Scam?
Well money can be made with these types of systems but only while the system itself is up and running.
HYIP deals usually all end up crashing. It’s not a question of if Bit when.
When it does collapse, most people usually lose money.
The people who make the most money with these types of systems are usually the people who know how to sponsor and recruit (along with the anonymous company owners.
I don’t recommend this platform.
There are just too many red flags:
1- Anonymous owners.
2- Promise of Income. Anything that promises you an income for doing absolute nothing is a red flag!
3- Proof of Revenue Creation. There is none!
Some people will try this out anyway and if you do, don’t invest anymore than you are willing to lose.
That is not the best Million Dollar game plan but it’s the best plan to have for an HYIP since we can never tell you how long they will last for!
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