What is Jet Coin? A Review of this Bitcoin MLM

What is Jet Coin? A Review of this Bitcoin MLM. We cannot deny that a considerable number of people of are hoping to skip the hard work and bet it all on get rich quick strategies.

However, there is a high risk that these do not actually make as much return on investment as promised and may even turn out to be a scam altogether.

JetCoin (www.jet-coin.com) is one such website. It is a Bitcoin-based, member to member  MLM website, which could be appealing to many people due to its buzzword status and recent breaking of the $2,000 exchange value of BitCoins.

Another major selling point of JetCoin is that they promise users they would at least double their investment in two months or just a little bit over that period.

While all this may seem appealing, there are a lot of inconsistencies to watch out for. This unbiased JetCoin review will give you all the detailed information you need before you join a platform that you probably know nothing about besides the promise that you can double your Bitcoin.

Red Flags: Who is Behind JetCoin and How Does it Work?

There have been a lot of websites that promise extremely high returns on investment of cryptocurrency over the past few months. Examples of these include GladiaCoin, which was set up some months before JetCoin started operating. To this day, there is still no concrete evidence that this competing service actually works and the same could be said for JetCoin.

One of the first things a person should look for when investing in these types of websites is who backs them. Being transparent regarding who is behind such a company is a great step towards legitimacy. However, endless browsing through the JetCoin website does not give any such information.

Looking at who registered the domain name for JetCoin may provide even the slightest of a hint, but the registration has been set to private, so there is no way of knowing. This could mean that the person who is owning and operating JetCoin is based outside of the jurisdiction of the United States, a major red flag.

JetCoin is also a relatively new service with a rather unproven track record. Its domain was registered last May 7, 2017. Their about page is not much help either, as it is merely filled with even more buzzwords and unproven statistics. These claims without basis should be a major turnoff for a person who is wanting to invest in this service.

Another red flag is that JetCoin promises a 100% success rate. In other words, they have successfully doubled the investment of every single person who has signed on to their service within the 60-day period they have set. This is very hard to believe, as the world of trading, especially for cryptocurrencies such as bitcoin or any form of currency for that matter, is unexpectedly up and down.

In some days, a person may make a lot of money, while some days they make very little or none at all. Net losses could even be possible. JetCoin even goes as far as claiming that they have a 100% track record, while competing services, on the other hand, have a failure rate as high as 97%. They say, “JetCoin was created as a way for 100% of people to succeed rather than 97% to fail.”

JetCoin is also relatively vague when it comes to describing their service. To the average person who does not know much about cryptocurrency, their vague descriptions of their “top notch” technology could be possible. So this is one thing to watch out for when averting scams. However, they do not directly describe how it works.

In fact, they do not sell any direct product or service, only offering compensation plans and for those who invest in their compensation plan to promote their affiliate membership.  

Without any form of a product being sold, how can one be sure about what they are getting? Their website mentions services such as “duplication,” “market growth,” and “strategy,” which are simply fancy words that are used to try and entice people into investing large amounts of their money into JetCoin.

They also mention trading on one of their pages, but there may also be no way of knowing how this works without first investing. Furthermore, their page on trading is filled with even more technical lingo as well as claims with little to no basis whatsoever.

They also mention trading on one of their pages, but there may also be no way of knowing how this works without first investing. Furthermore, their page on trading is filled with even more technical lingo as well as claims with little to no basis whatsoever.

Expensive “Compensation Plans.”

Their main service lies in their compensation plans. JetCoin promises both automation and duplication to provide investor’s “massive earnings.” First off, they claim to give passive earnings of 3.3% every day in daily earnings. This means that within 60 days, an investor in JetCoin would have doubled their initial investment. JetCoin also gives the option of continuing this investment for a further 60 days.

Along with these passive earning scheme is one of binary earning, which is determined by the package purchased by the investor and is said to pay up to 18% even on weaker legs. These are said to be paid daily, though there is no concrete evidence that such payments occur.

JetCoin offers a total of eight compensation plans on their website. The descriptions of these plans do not tell you much, save for the positive returns on investment possible by putting your money into these programs.

JetCoin does not tell you that, much like any form of investment, there are risks involved. Again, this is done to convince people to put more and more money into this unproven service.

Their first package is known as JC1, which does not actually double in 60 days. It costs 0.05 BTC to invest in this plan, which is valued at around $125.

It is said to have 5% binary earnings with a daily max of .10 BTC and a monthly max of 3 BTC. The primary difference between this and the rest of the plans available is that the others are promised to double within at least a 60-day period.

The rest of the compensation packages (JC2 to JC8) available on the JetCoin website offer higher returns on investment, as one goes up in tiers.

In fact, investing on the highest tier in JetCoin could cost in the upwards of $10,000 (4 BTC). At some point, they even offered a compensation plan at double that amount. These are exuberant prices compared to similar online Bitcoin investment services, which start at around $25.

There is a longer waiting period for withdrawal in lower plans, which could serve to tempt investors into putting more of their hard-earned money into the higher tier packages. In fact, with the JC5 plan or higher, the wait time for withdrawal is only 24 hours. There are also monthly caps dependent on what level is invested in.

How are Investors in JetCoin Paid?

The money earned through JetCoin is paid via a binary compensation plan structure with greater and lesser legs. These can be earned either directly or indirectly by the investor’s upline or downline members, or the investors themselves through direct or indirect recruitment.

Basically, in a binary plan, the lower leg contains twice as many members as the leg above it. JetCoin pays the investor a percentage earned by the lesser leg of this binary plan after adding up the new investment volume. Any leftover volume that is left, is then rolled over to the next day.

What is worrying about this structure is that it resembles a Ponzi scheme. In such fraudulent activity, the investors in the higher tiers are made to believe that their investment has made a large amount of return. However, these payments are actually made from the investments of those in the lower tiers.

This could explain how JetCoin manages to make promises of 200% returns on investment despite the instability of the investment climate. This could also explain why JetCoin focuses a lot on the recruitment of new members.

There is not knowing what will happen once JetCoin fails to bring in new members to invest. The best guess though is that the service will shut down because they will no longer be able to pay their existing members, let alone fulfill their promises of doubling their initial investment.

Similar services that are having trouble reeling in new members try to make ends meet by asking for affiliate fees and service charges. JetCoin may not be far off from following in these footsteps. Many people have claimed that this is a scam and there is definitely plenty of evidence to suggest such.

Extensive research is recommended before putting money into this type of investment service, especially since a lot of them come and go within a few months, leaving their members wondering what happened to the money they put in.

There are definitely legitimate services out there for investing cryptocurrency, although these will take a lot of handwork and patience even to come close to paying out double the initial investment.

Conclusion

If a company at the very least, could not be transparent regarding how their product works and who is behind it, the best course of action to take is to be safe with your money and avoid this service altogether. This platform is a scam like GladiaCoin and the other MLM websites offering high-yield investment schemes.

If you need to make real money online, you must do it the right way, and you cannot do it right without the proper training and resources. Wealthy Affiliate is the best place to start learning, and it will not cost you anything to join. 

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