Can you really make money with SaxoCoin? Is it safe? Is this a real investment opportunity to earn ROI? Or is this just another well thought up Ponzi Scheme to get all of your hard earned money?
Let’s find out…
Almost every single day there seems to be an ICO being launched.
It’s actually more like multiple different systems all launching daily.
Some folks may feel that this is a good thing…
But too much of anything (especially when dealing with Crypto) can be a bad thing.
When you have so many different Altcoins all competing in the same space, many become ‘watered’ down.
In the industry of precious metals like gold and diamonds, scarcity adds tremendous value.
In the world of Crypto, each ICO usually promises that ONLY X amount of their coins will be in existence (which is a good thing), but outside of all that…
Each different Altcoin end up watering down each other which can mean lower value.
Okay let’s get into this SaxoCoin Review…
SaxoCoin the Company:
I went over to their website SaxoCoin.io and the owners are not putting themselves on their own site.
No President, CEO or Founders.
SaxoCoin founders: Anonymous.
SaxoCoin 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.
SaxoCoin Compensation Plan:
Their comp plan is nice and simple. You as an Investor will have to purchase what they call SAXO points from the company for up to $1 each.
Then in order for you to earn a promised variable rate ROI, you must lend these points back to the company.
SaxoCoin has 4 plans:
1- Invest between $100 – $1,000, receive the daily rate for a period of 299 days.
2- Invest between $1,010 – $5,000, receive the daily rate plus a daily bonus of 0.1% for a period of 179 days.
3- Invest between $5,010 – $10,000, receive the daily rate plus a daily bonus of 0.1% for a period of 139 days.
4- Invest between $10,010 – $100,000, receive the daily rate plus a daily bonus of 0.2% for a period of 120 days.
SaxoCoin pays out referral commissions for the Network Marketing side of things.
They use pay out to a depth of 7 levels deep using a uniline comp plan as follows:
1- 5% (personally sponsored affiliates).
Cost to join:
1- Free for those who are willing to sponsor and recruit. But you can only make referral money.
2- $100 minimum for those who want passive ROI.
SaxoCoin seems to be an HYIP that revolves around recruitment for revenue.
Is this a scam?
I don’t believe this is an outright scam. Yes you can make money with this platform but only for the time it stays up.
I personally don’t recommend this platform.
There are just too many red flags in place:
1- Anonymous owners.
2- Promise of Income. Anything that promises you an income for doing absolute nothing is a red!
3- Trading bot that creates revenue to pay investors?
Where is the proof?
If you decide to try this SaxoCoin system out anyway, make sure that you invest no more than you are willing to lose.
With all HYIP systems, we can never tell you how long they will last for.
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