Just a few weeks again I began receiving reviews iCoinPro had rebooted.
A go to to iCoinPro’s web site reveals an “necessary prelaunch warning”.
iCoinPro is presently in Pre-Launch. Throughout Pre-Launch there could also be some hyperlinks or pages that aren’t but totally useful. Please acknowledge this earlier than you decide to hitch.
The Micro Revenue System, Commerce Finder and full iCoinPro system are ALL totally useful, and ALL commissions within the compensation plan are being paid throughout Pre-Launch.
Having first reviewed it in 2017, at the moment BehindMLM revisits iCoinPro for an up to date evaluate.
The Firm
iCoinPro’s 2017 launch was headed up by founder and CEO Paul De Sousa.
De Sousa nonetheless options on iCoinPro’s web site as a co-founder. He’s joined by Justin Clark, additionally credited as an iCoinPro co-founder.
De Sousa relies out of South Africa. Clark relies out of Florida within the US.
No company handle is offered on iCoinpro’s web site. The corporate’s settlement paperwork reference Texas and Florida.
iCoinPro’s Merchandise
iCoinPro markets a membership which offers entry to the “Micro Revenue System”.
The Micro Revenue system is a cryptocurrency coaching schooling platform.
Whereas iCoin Revenue represents Micro Revenue System subscribers can anticipate “quick 1% to 10% wins, often in lower than quarter-hour”, I don’t imagine the corporate offers any automated buying and selling providers.
For the final 5 years, our proprietary system has been instructing individuals how acknowledge easy to seek out alerts to know when a coin goes to maneuver, get in, take your revenue, and get out.
That is according to iCoinPro’s providing circa 2017. And the explanation I’m making the excellence is it means we will rule out iCoinPro committing securities fraud.
Again in 2017 iCoinPro was charging $39.95 a month. iCoinPro’s web site suggests entry is a one-time $50 charge after which 39.95 a month.
iCoinPro’s Compensation Plan
iCoinPro’s compensation plan pays on membership charges and recruitment of associates.
iCoinPro Affiliate Ranks
There are eight affiliate ranks inside iCoinPro’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Unranked – join as an iCoinPro affiliate
- 1 Star – refer 3 members
- 2 Star – generate a downline of no less than 20 members (not more than 5 from anyone recruitment leg)
- 3 Star – generate a downline of no less than 100 members (not more than 25 from anyone recruitment leg)
- 4 Star – generate a downline of no less than 500 members (not more than 125 from anyone recruitment leg)
- 5 Star – generate a downline of no less than 2500 members (not more than 650 from anyone recruitment leg)
- Star Elite – generate a downline of no less than 25,000 members (not more than 5000 from anyone recruitment leg)
- Star Presidential – generate a downline of no less than 100,000 members (not more than 20,000 from anyone recruitment leg)
Observe that with the intention to rely in the direction of rank qualification, members (each retail and recruited associates) have to be paying $39.95 a month.
Referral/Recruitment Commissions
iCoinPro pays referral and recruitment commissions through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel crew, with each personally recruited affiliate positioned immediately beneath them (degree 1):
If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel crew.
If any degree 2 associates recruit new associates, they’re positioned on degree 3 and so forth and so forth down a theoretical infinite variety of ranges.
iCoinPro caps payable referral and recruitment commissions at twelve.
Referral commissions are paid as a share of the preliminary $50 membership charge paid by retail members and recruited associates, in addition to the $10 affiliate charge.
- Unranked associates earn 50% on degree 1 (personally recruited associates)
- 1 Star ranked associates earn 50% on degree 1 and 10% on degree 2
- 2 Star ranked associates earn 50% on degree 1, 10% on degree 2 and 5% on ranges 3 and 4
- 3 Star ranked associates earn 50% on degree 1, 10% on degree 2, 5% on ranges 3 and 4, 3% on degree 5 and a pair of% on degree 6
- 4 Star ranked associates earn 50% on degree 1, 10% on degree 2, 5% on ranges 3 and 4, 3% on degree 5, 2% on ranges 6 and seven and 1% on degree 8
- 5 Star ranked associates earn 50% on degree 1, 10% on degree 2, 5% on ranges 3 and 4, 3% on degree 5, 2% on ranges 6 and seven and 1% on ranges 8 to 10
- Star Elite ranked associates earn 50% on degree 1, 10% on degree 2, 5% on ranges 3 and 4, 3% on degree 5, 2% on ranges 6 and seven and 1% on ranges 8 to 11
- Star Presidential ranked associates earn 50% on degree 1, 10% on degree 2, 5% on ranges 3 and 4, 3% on degree 5, 2% on ranges 6 and seven and 1% on ranges 8 to 12
Residual Referral/Recruitment Commissions
iCoinPro takes the $39.95 a month ongoing membership charge paid by retail buyer and recruited associates, and makes use of it to pay residual commissions.
Residual referral and recruitment commissions are paid through the identical unilevel crew used to pay referral commissions (see above).
- Unranked associates earn 10% on degree 1, 5% on degree 2, 3% on degree 3 and a pair of% on degree 4
- 1 Star ranked associates earn 10% on degree 1, 5% on degree 2, 3% on degree 3 and a pair of% on ranges 4 and 5
- 2 Star ranked associates earn 10% on degree 1, 5% on degree 2, 3% on degree 3 and a pair of% on ranges 4 to six
- 3 Star ranked associates earn 10% on degree 1, 5% on degree 2, 3% on degree 3 and a pair of% on ranges 4 to 7
- 4 Star ranked associates earn 10% on degree 1, 5% on degree 2, 3% on degree 3 and a pair of% on ranges 4 to eight
- 5 Star ranked associates earn 10% on degree 1, 5% on degree 2, 3% on degree 3 and a pair of% on ranges 4 to 9
- Star Elite and Star Presidential ranked associates earn 10% on degree 1, 5% on degree 2, 3% on degree 3 and a pair of% on ranges 4 to 10
Technology Bonus
iCoinPro’s Technology Bonus pays on month-to-month membership quantity by rank.
That’s to say the Technology Bonus is paid down every unilevel crew till an affiliate on the similar or greater rank than you is present in every leg.
This ranked affiliate caps off the primary rank era for that leg, with the second era starting instantly thereafter.
If no such ranked affiliate exists, the final era of the leg extends down the total depth of the leg.
Utilizing this era construction, iCoinPro associates can earn up on as much as twelve generations per unilevel crew leg.
- 1 Stars earn 2% on the primary era and 1% on the second
- 2 Stars earn 2% on the primary era, 1.5% on the second, 1% on the third and 0.5% on the fourth.
- 3 Stars earn 2% on the primary era, 1.5% on the second, 1.25% on the third, 1% on the fourth, 0.75% on the fifth, 0.5% on the sixth and 0.25% on the seventh
- 4 Stars earn 2% on the primary era, 1.5% on the second, 1.25% on the third, 1% on the fourth and fifth, 0.75% on the sixth, 0.5% on the seventh and eighth and 0.25% on the ninth and tenth
- 5 Stars earn 2% on the primary era, 1.5% on the second and third, 1% on the fourth to sixth, 0.75% on the seventh and eighth, 0.5% on the ninth and tenth and 0.25% on the eleventh and twelfth
- Star Elites earn 2% on the primary and second generations, 1.5% on the third to fifth generations, 1% on the sixth to eighth generations, 0.5% on the ninth and tenth generations and 0.2% on the eleventh and twelfth generations
- Star Presidentials earn 2% on the primary to 3rd generations, 1.5% on the fourth to sixth generations, 1% on the seventh to ninth generations, 0.5% on the tenth and eleventh generations and 0.25% on the twelfth era
Quarterly World Bonus
iCoinPro takes 10% of membership charge quantity and locations it into the Quarterly World Bonus.
The Quarterly World Bonus is cut up into seven smaller rank-based swimming pools:
- 1 Star – 3%
- 2 Star – 2%
- 3 Star – 2%
- 4 Star – 1%
- 5 Star – 1%
- Star Elite – 0.5%
- Star Presidential – 0.5%
Along with rank qualification, iCoinPro associates should additionally refer or recruit one new member every month of the qualifying quarter.
Becoming a member of iCoinPro
iCoinPro affiliate membership is $10.
iCoinPro Conclusion
iCoinPro’s legitimacy lies in whether or not it has extra associates with $39.95 a month memberships over retail clients (non-affiliates). This hasn’t modified since 2017.
Given iCoinPro has had 5 years to show its membership is retail viable, we will weigh the likelihood of the corporate having a wholesome retail memberbase.
There’s no level sugarcoating something, iCoinPro was useless till the current compensation plan adjustments.
iCoinPro’s web site was getting just a few thousand hits a month, most of that are more likely to be associates.
Given this, we will write off iCoinPro’s schooling and Micro Revenue System as being nugatory. In the event that they weren’t, iCoinPro wouldn’t have already collapsed twice and wanted to be rebooted.
The worthlessness of iCoinPro’s schooling and Micro Revenue System is additional emphasised by means of what iCoinPro does with charges collected.
Every time you enroll a brand new one who pays for the one-time $50 Lifetime Entry, $50 goes into the Quick Begin Enroller Tree Commissions.
And when somebody pays the one-time $10 Affiliate Signal-up charge, one other $10 goes into the Quick Begin Enroller Tree Fee.
When somebody is available in at each, for a complete of $60, the total $60 goes into the Quick Begin Enroller Tree.
All the pieces paid into iCoinPro funds commissions.
iCoinPro additionally doesn’t appear to have made any adjustments to its schooling platform or Micro Revenue System. All that’s modified with the reboot is its compensation plan.
Whereas that is nice for the earnings alternative (associates), it does nothing to draw retail clients.
The FTC has made it clear: MLM corporations with out vital retail gross sales are working as pyramid schemes. And that seems to be the case with iCoinPro.
Some iCoinPro associates are additionally drawing comparisons between iCoinPro and LiveGood.
This does iCoinPro no favors with respect to due-diligence. Livegood has a retail complement providing however is kind of clearly operating and being promoted as a membership charge pyramid scheme.
If you wish to take due-diligence into your personal palms as a potential iCoinPro affiliate, ask your potential upline what number of energetic retail members they’ve.
Then ask them what number of recruited affiliate members they’ve and evaluate. You’re in search of no less than a 50:50 ratio.
And in the event you actually wish to make them uncomfortable, ask your potential iCoinPro affiliate what number of Micro Revenue System success tales they know.
It’s been round for years, absolutely there’s a military of Micro Revenue System merchants they will level to? Higher but, ask for proof of your potential upline’s use of the Micro Revenue System over the previous few months.
I’ve learn some rumors about LiveGood founder Ben Glinsky having a hand in iCoinPro’s reboot. I can’t rule it out however wasn’t capable of finding any concrete proof.
All I used to be in a position to verify is previous to co-founding iCoinPro, Justin Clark was a distributor in Glinsky’s earlier MLM Skinny Physique Care.
Getting again to iCoinPro, MLM pyramid schemes collapse when recruitment dries up.
This already occurred in iCoinPro twice. With the identical non retail viable membership providing, it’s going to occur once more.
