Unix Coin Review: “Affordable” altcoin Ponzi lending ICO

Unix Coin provide no information on their website as to who owns or runs the business.

The Unix Coin website domain (“unixcoin.com”) was first registered on June 18th, 2016.

The registration was recently updated on November 23rd, which is when the current owner(s) acquired it.

As late as October, 2017 the Unix Coin website domain was up for sale.

At the time of publication Alexa estimate that Vietnam (30%) and South Korea (9.6%) are the largest sources of traffic to the Unix Coin website.

Marketing copy on the Unix Coin website strongly suggests that whoever is running it isn’t a native English speaker:

Unix Coin is a latest cryptocurrency emerging in the new era of digital financial world.

It is introduced in the innovative hybrid platform which allows investors to invest and increase their wealth sustainably [sic].

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

Unix Coin Products

Unix Coin has no retailable products or services, with affiliates only able to market Unix Coin affiliate membership itself.

The Unix Coin Compensation Plan

Unix Coin affiliates invest in pre-generated points for between 90 cents and $1.40 each.

These points are then “lent” back to Unix Coin on the promise of an advertised ROI.

  • invest $100 to $1000 and receive a daily ROI plus 0.1% bonus for 179 days
  • invest $1010 to $5000 and receive a daily ROI plus 0.15% bonus for 149 days
  • invest $5010 to $10,000 and receive a daily ROI plus 0.25% bonus for 99 days
  • invest $10,010 to $100,000 and receive a daily ROI plus 0.3% bonus for 60 days
  • invest $100,010 or more and receive a daily ROI plus 0.35% bonus for 45 days

Unix Coin advise that the daily ROI rate is variable and ‘announced every day at 00.00 (UTC)‘.

Fixed ROI lending plans for $100 or more investments are also available:

  • 103% after 7 days
  • 109% after 15 days
  • 120% after 30 days
  • 135% after 45 days

Referral commissions are available on funds both initially invested and on points lent for an ROI.

Unix Coin pay referral commissions via a unilevel compensation structure.

A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):

If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.

If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.

Initial investment referral commissions

UnixCoin cap initial investment referral commissions at three levels:

  • level 1 (personally recruited affiliates) – 7%
  • level 2 – 2%
  • level 3 – 1%

Lent points referral commissions

UnixCoin cap lent points referral commissions at seven levels:

  • level 1 (personally recruited affiliates) – 8%
  • level 2 – 3%
  • levels 3 and 4 – 1%
  • level 5 – 0.5%
  • level 6 – 0.3%
  • level 7 – 0.2%

Note that lent points referral commissions are paid out in Unix Coin points.

Joining Unix Coin

Unix Coin affiliate membership is free, however free affiliates can only earn referral commissions.

Full participation in the Unix Coin income opportunity requires a minimum $100 investment.

Conclusion

Whereas your typical ICO lending Ponzi will come up with some malarkey to at give off the impression of legitimacy, Unix Coin don’t make the effort.

Unix Coin compare their points to bitcoin and market them on the sole premise of their being “affordable”.

The concept of Unix Coin is similar to bitcoin, except the fact that there are still plenty of opportunities for the investors to acquire Unix Coin as it’s [sic] ICO price is still affordable and will be profitable remarkably.

With no public supple and demand and no real world practical use, there is absolutely no reason for Unix Coin to rise in value.

Once affiliate recruitment dries up demand for Unix Coin will flatten off, eventually triggering the admin end-game.

Affiliate ROIs are paid out through Unix Coin’s internal exchange until invested funds run low.

At that point the anonymous Unix Coin admin(s) stop paying out and disappear with what’s left.

Early Unix Coin investors make a bit through ROI withdrawals while they last, and of course through pyramid recruitment.

The vast majority of investors however (everyone else) lose out.

Let’s block ads! (Why?)

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