What is ucoin cash? is there a scam?
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The Ucoin Cash trang web domain (“ucoincash.co”) was privately registered on October 5th, 2017.
At the time of publication Alexa estimate Vietphái nam (19%) & the US (10%) are the largest sources of traffic khổng lồ the Ucoin Cash website.
Based on the level of English on the Ucash Coin trang web, there’s a good chance it’s being operated out of Vietnam itself;
Ucoin Cash have been established with a long term vision & objective desiring khổng lồ build a good reputation in digital cash field. We hope that all UCH users và investors would convey an accurate, honest messages while building referrals & earning commissions with UCH.
As always, if an MLM company is not openly upfront about who is running or owns it, think long và hard about joining and/or handing over any money.
Ucoin Cash Products
Ucoin Cash has no retailable products or services, with affiliates only able to lớn market Ucoin Cash affiliate membership itself.
The Ucoin Cash Compensation Plan
Ucoin Cash affiliates acquire UCH points, primarily sold khổng lồ them by Ucoin Cash’s anonymous owners.
UCH points were initially launched as an ICO late last year. Today they trade on an internal Ucoin Cash exchange for $6.63.
Once acquired, Ucoin Cash affiliates “lend” UCH points baông xã lớn the company on the promise of a monthly ROI of up khổng lồ 40%.
invest $100 khổng lồ $1000 và receive a daily variable ROI for 291 daysinvest $1010 to $6000 & receive sầu a daily variable ROI plus bonus 0.1% daily ROI for 241 daysinvest $6010 to $12,000 và receive sầu a daily variable ROI plus bonus 0.2% daily ROI for 181 daysinvest $12,010 to $50,000 và receive a daily variable ROI plus bonus 0.25% daily ROI for 121 daysinvest $50,010 to lớn $100,000 and receive sầu a daily variable ROI plus bonus 0.3% daily ROI for 101 daysUcoin Cash pay referral commissions via a unimàn chơi compensation structure.
A unicấp độ compensation structure places an affiliate at the top of a unimàn chơi team, with every personally recruited affiliate placed directly under them (level 1):
If any cấp độ 1 affiliates recruit new affiliates, they are placed on cấp độ 2 of the original affiliate’s unimàn chơi team.
If any màn chơi 2 affiliates recruit new affiliates, they are placed on level 3 & so on and so forth down a theoretical infinite number of levels.
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Ucoin Cash cap payable unilevel levels at ten, with commissions paid out as a percentage of funds invested across these ten levels as follows:
level 1 (personally recruited affiliates) – 6%màn chơi 2 – 3%cấp độ 3 – 2%level 4 – 1%levels 5 to lớn 7 – 0.5%cấp độ 8 – 0.3%level 9 – 0.2%Joining Ucoin Cash
Ucoin Cash affiliate membership is không lấy phí, however miễn phí affiliates can only earn referral commissions.
Full participation in the Ucoin Cash MLM opportunity requires a minimum $100 investment.
Conclusion
Ucoin Cash don’t even try khổng lồ hide their Ponzi scheme.
There’s no alternative sầu ROI revenue source identified, leaving affiliate investment the sole source of Ucash Coin’s revenue.
Using newly invested funds khổng lồ pay existing affiliates a ROI makes Ucoin Cash a Ponzi scheme.
UCH as a cryptocurrency is pointless & offers nothing new. It’s just another altcoin launched with the sole purpose of committing financial fraud through Ucoin Cash.
Lending ICO Ponzis like Ucoin Cash play out as follows:
Admins (who are typically anonymous) offload worthless pre-generated points in exchange for real money. In this case it’s UCH 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 Ucoin Cash admins pull a runner with what’s left.
Early Ucoin Cash 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 chiến bại money.
