Zouk Coin Review: ZUK points ICO lending Ponzi
Zouk Coin provide no information about who owns or runs the business on their website.
The Zouk Coin website domain (“zoukcoin.com”) was privately registered on December 29th, 2017.
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.
Zouk Coin Products
Zouk Coin has no retailable products or services, with affiliates only able to market Zouk Coin affiliate membership itself.
The Zouk Coin Compensation Plan
Zouk Coin affiliates acquire ZUK points from the company’s anonymous owners.
ZUK points are sold to Zouk Coin affiliates at a rate of 25 cents to $1.15 per point.
Once acquired, ZUK points are “lent” back to Zouk Coin on the promise of a monthly ROI of up to 47%.
- invest $50 to $1000 and receive a daily variable ROI for 190 days
- invest $1001 to $5000 and receive a daily variable ROI plus 0.1% bonus daily ROI for 190 days
- invest $5001 to $10,000 and receive a daily variable ROI plus 0.15% bonus daily ROI for 190 days
- invest $10,001 to $20,000 and receive a daily variable ROI plus 0.2% bonus daily ROI for 190 days
- invest $20,001 to $50,000 and receive a daily variable ROI plus 0.25% bonus daily ROI for 190 days
- invest $50,001 to $100,000 and receive a daily variable ROI plus 0.3% bonus daily ROI for 190 days
- invest $100,001 or more and receive a daily variable ROI plus 0.35% bonus daily ROI for 190 days
Referral commissions are available on funds invested by downline affiliates, paid out down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 7%
- level 2 – 3%
- level 3 – 1%
Joining Zouk Coin
Zouk Coin affiliate membership is free, however free affiliates can only earn referral commissions.
Full participation in the Zouk Coin MLM opportunity requires a minimum $50 investment.
Zouk Coin claim to generate external revenue through a “trading platform with AI”.
There is no evidence provided that the platform exists, or that revenue generated by any such platform is used to pay affiliates.
As it stands the only verifiable source of revenue entering Zouk Coin is new affiliate investment. Using newly invested funds to pay off existing affiliates makes Zouk Coin a Ponzi scheme.
Lending ICO Ponzis like Zouk Coin play out as follows:
Admins (who are typically anonymous) offload worthless pre-generated points in exchange for real money. In this case it’s ZUK points.
The admins then use some of this money to pay promised ROIs for as long as new affiliates sign up.
Once affiliate recruitment dries up so does the ROI reserve.
When a predetermined threshold is reached, the anonymous Zouk Coin admins pull a runner with what’s left.
Early Zouk Coin investors make a bit of money (mostly via recruitment of new investors). But same as any other Ponzi scheme, the reality of such scams is that the majority of participants eventually lose money.