Beep XCoin is a crypto company that makes some very tall claims. BeepXCoin.com even goes on to declare itself to be the best crypto coin in the world, which is obviously not true. Since the company is claiming to be a leading name in the crypto industry, it is important to review it in great detail to determine if you should invest in it or not.
Beep Xcoin is cryptocurrency mining launched by Beep Xtra. Beep Xtra is a loyalty program. It was launched in 2013 as an e-commerce platform focused on building strong customer relationships with local, regional, and international stores. Beep Xtra loads spendable cashback directly on customers’ beep cards.
It is like receiving your cash back from a Beep Xtra store directly in your card, and you can spend that cash elsewhere, i.e., at shopping mall or café that accept Beep Xtra cards. BeepXCoin.com claims that an interesting feature of the company is that local stores could get online global presence free of cost. Moreover, the company is claiming to have excellent transaction speed and access to the crypto market.
However, that was a flop idea. In 2014 Beep Xtra began to offer unregistered securities to its affiliates to revive the business, but unfortunately, that too did not work for long. By 2016 Beep Xtra was on the verge of collapse.
Beep XCoin also has the same business model. It is hiding its true MLM nature by claiming to be a crypto trading and mining platform. It is quite evident that the company is using money from the new affiliates to pay the old members.
The BeepXCoin.com affiliates or retailers pay amounts to get Beep XCoins monthly. The more money they pay, the more coins they get.
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Beep XCoin markets the following crypto mining packages
The new affiliates pay an initial $149 as an affiliate fee, and further, they pay $50 every month. The affiliates who brought them will get a commission of both fees. Moreover, investing in Beep Xcoin mining projects costs a minimum amount of $500.
The company is asking for a very large amount of investment. There are very few earning opportunities in BeepXCoin.com that will actually allow you to earn profits. It is a highly suspicious company that can collapse anytime when its recruitment stops. Therefore, you should not rely on this platform to make money. Instead, invest in the crypto mining companies that provide modern services, flexible account plans, and reliable crypto mining infrastructure to earn maximum profits.
The compensation plan of Beep XCoin is a combination of
The affiliates of BeepXCoin.com can earn through recruitment, mining, and residual commission.
BeepXCoin.com is basically a pyramid scheme. Hence, affiliates get a commission for bringing every new member to the company.
Affiliates receive 7% to 20% recruitment commissions at Beep XCoin for recruiting new affiliates. Detailed commission percentages are
Secondly, affiliates of Beep Xcoin also get a commission for mining packages where miners are promised Beep Coins for completing transaction blocks.
When non-affiliates or retailers join BeepXCoin.com for crypto mining, the affiliate who referred them will get a 7% commission.
Within the compensation plan of Beep XCoin, the ten affiliate ranks are:
Beep XCoin pays bonuses to its affiliates who achieve an area sales manager or other ranks within a specified period of time.
There are some worth noticing facts about Beep XCoin that may affect our verdict
In my opinion, you should not invest in BeepXCoin.com. It can turn out to be a total fraud and you might end losing your investment in this company. Therefore, avoid it in the first place. Instead, you should invest in crypto mining companies. The services of these crypto mining companies are much more reliable and efficient that can help you in earning good amount of profits.
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