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The crypto industry is full of platforms that promise high profits. These profits are typically through the various crypto coins available in the industry. Nugen Coin is one such company that claims to have a reliable crypto coin and business model through which you make huge profits.
However, there are some serious concerns about the history of NUGENCoin.net that you should know before you decide to invest any money in this company. So, keep reading to learn about the various factors of NUGEN Coin and determine whether you should invest in it.
NUGENCoin.net describes Nugen as a platform that helps businesses establish a close relationship with their customers through an affordable and reliable process. The company claims to be working to promote digital transactions all over the world.
The primary of NUGENCoin.net is to promote its crypto asset, Nugen Coin, which the company claims to be safe, secure, and globally accepted. However, the company does not provide any evidence that NugenCoin.net is actually accepted by any major platform.
NUGEN Coin is promoting itself as a well-established name in the crypto industry. The website is full of tall claims that try to portray the company as an experienced and well-known name in the industry.
However, an analysis of NUGENCoin.net shows that the company domain was registered in 2021. Therefore, it cannot be said that NUGEN Coin has lots of experience in the industry. Further analysis shows that the website is getting the most traffic from the USA (68%), followed by Canada (16%) and Jamaica (12%).
NUGENCoin.net does not provide any information about the owner of the company or the team behind it. However, the marketing material of NUGEN Coin reveals that the company has claimed to be a part of ShopFreeMart in the past. ShopFreeMart was a scam MLM company run by David Crookston and John Austin that collapsed due to a lack of investment.
It is interesting to see NUGENCoin.net mention ShopFreeMart in its marketing material, even though it never promoted having a crypto coin. This connection between NUGEN Coin and ShopFreeMart indicates that John Austin is likely to be the CEO of this crypto company. David Crookston already left ShopFreeMart in 2016, so it is unlikely he is working at NUGEN Coin.
NUGENCoin.net is promoting affiliate membership without any charges. However, if you wish to participate in the income opportunities of the company, you will have to invest at least $50 in it. This investment is made in Nugen Coin, and the company claims that your investment is necessary to build a profitable eco-system powered by crypto.
Despite some very tall claims, the income structure of NUGEN Coin is similar to any other MLM company. NUGEN Coin encourages users to invest as much money as possible to qualify for maximum return on investment and make huge profits in the long run.
Once you invest in the company, your investment is locked in the platform for 18 months. NUGEN Coin is promising a massive 200% ROI on your investment every 202 days. However, there is no proof that you will actually get these profits.
Moreover, the company is claiming that once you stake your coins with NUGEN Coin, you will be getting extra coins four times per day. Other than the staking program, the company also has an affiliate stream of income through which it promises profits to users who recruit more users to the company.
It is important to note that the company’s income structure is not available on NUGENCoin.net. Instead, it has to be found from different sources, such as marketing materials and FAQs about the company. It shows that the company is not being transparent about its working procedures.
It is better to avoid investing in companies like NUGEN Coin because they usually end up collapsing due to a lack of investment. Instead, you should consider relying on reliable crypto-mining companies that are capable of providing you with significant profits through mining and staking.
Other than the red flags in the background and business operations of NUGEN Coin, the company also makes some very tall claims. It is important to analyze the claims, features, and promises of NUGENCoin.net in detail. It will be useful to determine whether the company is actually capable of fulfilling these promises in any way.
NUGENCoin.net states that the company is focusing on helping businesses expand their customer base through digital transactions. The website even states that the company has partnered up with some of the most recognized names, such as Bloomberg, Nasdaq, Britto, etc.
However, there is no evidence that such enterprises actually work with this company. In fact, there are lots of negative reviews related to NUGEN Coin on the internet, so you cannot trust this company.
NUGENCoin,net claims to have a fair and transparent business model. The website mentions that the company wants users to achieve financial freedom, so they are offering a fair pricing structure.
However, as stated before, the company is not being upfront about its income structure. The only information available is through different sources. Furthermore, the company’s claims about ShopFreeMarket seem dodgy at best, so it is clear that NUGEN Coin is not a transparent company.
Another important claim of NUGEN Coin is that it is in the crypto industry for the long run. NUGENCoin.net states that the company is aiming to provide profits and real value to all the Nugen holders for a long period of time.
However, it is important to note that the business structure of NUGEN Coin is like any other MLM company. Such companies tend to collapse due to lack of investment. There is no
Furthermore, the company does not seem to have any external source of revenue. Therefore, if people stop registering with the company, there is a high chance that it will collapse due to a lack of investment. In such a case, you will end up losing your investment.
It is important to note that NUGEN Coin is not as experienced a company as it claims to be. NUGENCoin.net was registered in 2021. Therefore, it is clearly lying about having deep roots in the crypto industry.
NUGENCoin.net tries its best to convince the readers that the company actually has some applications in the real world. In one place, it mentions that the company is using modern technology to provide real value to assets and tokenize them into NFTs.
However, it does not elaborate on these claims. It gives the impression that NUGENCoin.net is only making such claims to impress the users. There does not seem to be any truth to them, especially considering the business model of the company.
The bottom line is that NUGEN Coin is a highly suspicious crypto platform. The team behind the company was involved in another scam called the ShopFreeMart. It is possible that NUGENCoin.net was established after the collapse of that company. Moreover, the company does not provide sufficient information about its business model.
The lack of details and evidence also points to the fact that NUGEN Coin is lying about being a transparent and profitable platform. Therefore, you should avoid investing in NUGENCoin.net. A reliable alternative to such companies is investing in crypto-cloud mining companies. These companies have plenty of experience in the crypto industry. Hence, you can expect to make profits from crypto mining.
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