Cool Naira Review – Is Cool Naira a Scam or Legit MLM Scheme
Months ago while investigating about NNU, team Xycinews came upon the business name “Cool Naira”
The program was link to a name “Paul Samson”. But this was earlier ignore.
Doing web and social media research on the brand name Cool Naira, we came across the name Paul Samson again.
This article is a review about Cool Naira and it would guide you about deciding if it’s legit or scam.
From Paul Samson online reputation, is Cool Naira trust worthy? Read on for answer.
“This Is The Best Way To Make Cool Cash As Nigeria Economy Faces Imminent Recession – CoolNaira”
What is Cool Naira About
This is the first and most important question to answer. Team Cool Naira says it has paid out ₦16,048,040.00 to over 115,826 pro members.
Coolnaira is a Uni-Level MLM Network. You participate with a minimum of ₦1,000.
Then introduce people to participate under with your referral and then you earn 50% commission from their purchase.
This referral sequence gives you the opportunity to get back your commission easily.
How Cool Naira Referral System Works
- The idea on coolnaira MLM is not complicated at all. Every member earns from referral package purchase.
- Joining is free, then upgrade to pro membership package by purchasing Coolnaira product package for ₦1,000 or more. When you make purchase, your upliners earns commission.
- Introduce at least 2 persons who join us and purchase coolnaira product package under you and get your money back.
- You also get 50% from each downline + ₦1,000 sign up bonus. Not only that, you also earn 10% on indirect referral under you.
Brief Info about Founder
Searching NNU on this site is an article that covers every information about his background.
But briefly, Paul Samson founded Cool Naira through the company G-Cyber Technologies in March, 2016.
This program is created and powered by G-Cyber Technologies, a professional web and ICT business firm registered under Corporate Affairs Commission (CAC BN 2453653).
Though, this information is yet to be confirmed by our field team.
The Compensation Plan for Cool Naira Users
The Cool Naira compensation plan has members pay a ₦1000 to ₦10,000 NGN fee ($3.15 to $31.59 USD).
Commissions are paid when they recruit new Cool Naira members who do the same.
Direct Recruitment Commissions on Cool Naira
When a Cool Naira member recruits a new member, they earn 50% of the fees paid by the new member.
Note: This is capped based on how much the recruiting member themselves paid to get involved in Cool Naira.
₦1000 NGN members can only earn ₦500 NGN, irrespective of whether they recruit a ₦6000 or ₦10,000 NGN member.
Residual Recruitment Commissions on Cool Naira
Residual recruitment commissions in Cool Naira are paid through a Uni-level compensation arrangement.
Cool Naira uni-level compensation Arrangement puts a member at the top of a uni-level team, with each personally recruited member put directly underneath them (level 1).
If a level 1 member recruits new members, they are put on level 2 of the original member’s uni-level team.
If a level 2 member recruits new members, they are put on level 3 and so on and so forth down a hypothetical countless number of levels.
Cool Naira caps payable uni-level levels at 10, with members paid a percentage of fees paid by members recruited into their uni-level team.
level 1 – 50% (see “direct recruitment commissions” above)
levels 2 to 10 – 5%
Joining Cool Naira
Cool Naira affiliate membership costs ₦1000, ₦6000 or ₦10,000 NGN ($3.15, $18.96 or $31.60 USD).
The more a Cool Naira member spends on membership the higher their income potential over the Cool Naira compensation plan.
Credit : (Extracted from Aaron and Sarah).
Final Say on Cool Naira
For a scheme like cool naira, when down lines stop coming, earnings stop growing, the system suffers engagement.
Studying Cool Naira traffic statistics, users are assumed to have dropped as the site traffic has drop drastically.
On November 11, Paul Samson wrote an encouraging letter to cool naira users on Facebook.
“For the fact it’s not working for you now, doesn’t mean its not working at all. In any business, there is always a challenge at the starting point.
Perhaps, nobody believe all your noise about coolnaira yet or nobody has registered under you to start building your downline.
Relax, its not yet over. Every members in this group experience the same issue.”
Summary
If you read this article carefully to this point, it obvious cool naira has stood the face of time and the founder still believes it is never over.
Team Xycinews cannot tell you to join or withdraw, but this article is just a guide to help you decide best.
Thanks.
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NOTICE: In as much as Team Xycinews aims to deliver a near perfect review, we have a lot of Platforms on our Log to review & a lot already reviewed. Sadly this limits us from backdating to track the status of already reviewed platforms.
Kindly note that the platform information were correct as of time of publishing but might turn out to be SCAM without our notice.
Always check our article’s published date & the comment section below for users opinion. Thanks ♥️
Contents
Revix Review
Revix is a company that helps you diversify your investment into many different crypto assets.
Think of this as an app that lets you invest in the stock market but for crypto.
One thing Revix talks about is how their crypto bundles are like the S&P 500 for crypto which lets you invest in the top crypto assets.
Revix offers investment opportunities in crypto currencies where you can invest in multiple crypto at once.
This is like all the apps and websites you see for stocks where gives you the ability to buy and sell.
When it comes to crypto, you can invest in Bitcoin, Ethereum, PAX Gold, the Top 10 Bundle, Smart Contract Bundle and Payment Bundle.
Revix Referral Program
For every online platform, the referral model follows a pattern, all company wants to promote its product, app or site so they offer all potential users the opportunity to share their link, make a new member, and earn a bonus as reward.
Revix does have an affiliate program, but it’s not your typical MLM style type where it pays people a commission.
Revix gives you RR points which is their rewards points when you refer people into their program.
Revix Review Bonus
- Sign up – 5 rewards points valued at £0.50
- Verify – 5 rewards points valued at £0.50
- First Investment – 10 reward points valued at £1.00
- Next Investment – 5 rewards points valued at £0.50
- Refer A New Member – 150 reward points valued at £15.00
- Google Review (Only One Allowed) – 20 reward points valued at £2.00
- Survey Complete (Max Two) – 20 reward points valued at £2.00
Revix Registration
Revix Registration on the site isn’t so complicated, but it’s really necessary to have the below information handy is a as it might be needed of you.
- Email Address
- User Name
- Phone Number
- Contact Info
- Password
Revix Levels
- Blue – no requirements but offers no benefits.
- Silver – earned 200 Revix points, receives 10% off trading fees
- Gold – earned 500 Revix points, receives 20% off trading fees and dedicated account manager
- Platinum – earned 1,000 Revix points, receives t-shirt, 35% off trading fee’s and account manager
- VIP – earned 5,000 Revix points, receives t-shirt, cap, hoodie and 50% off trading fees
Is Revix Legit
The found and CEO of Revix is Sean Andrew Sanders. In the past he has worked at Venture Capital firm Knife capital.
Other things he worked as is a tech analyst, and General Pacific Management services as a portfolio manager.
Sean Andrew Sanders as also founded 3 different start-ups which include Sataya, Blocktree Capital and Application Portal.
Is Revix Scam
Revix is incorporated under the company name Revix UK Limited and has an address: Hatherley House, 15-17 Wood Street, Barnet, Herts, United Kingdom, EN5 4AT..Which says it belongs to Conance LTD.
Now on their website their UK address is: Senna Building : 97 Hackney Road E2 8JF, London United Kingdom.
Why the disconnect between those addresses is unknown?
The South African address Equinox Building 154 Main Rd, Sea Point 8005, Cape Town South Africa has a bunch of businesses in that building.
The biggest concern I have is the addresses are not lining up and for a company that is in the crypto space which is plagued with so many scams, this needs to be addressed.
Disclaimer
This Revix Review Article isn’t aimed at defaming Revix nor is it targeted to promoting them.
This article is strictly for enlightening purposes and a honest guide from our perspective because we strongly believe every brand needs a good background check.
Therefore, you are at liberty to accept or reject this article and act base on your own perspective of the platform. You are encouraged to share your own opinion or views about the platform with us via the comments box below so as to further improve this Revix review.
Team Xycinews is no third party and we can’t handle any queries whatsoever.
LEGIT BUSINESS OPPORTUNITIES 🔻🔻
NOTICE: In as much as Team Xycinews aims to deliver a near perfect review, we have a lot of Platforms on our Log to review & a lot already reviewed. Sadly this limits us from backdating to track the status of already reviewed platforms.
Kindly note that the platform information were correct as of time of publishing but might turn out to be SCAM without our notice.
Always check our article’s published date & the comment section below for users opinion. Thanks ♥️
Contents
Hulsa Products
- Complete Body Lotion – “meet Complete, a meticulously clean nutrient-rich full-body moisturizer”, retails at $119 for a 4 fl. oz. tube (120 ml)
- Sleep Tincture – “count your lucky stars with this proprietary blend of BiBong herbs formulated with our powerful combination of CBD and CBN”, retails at $119 for a 1 fl. oz. bottle (30 ml)
- Relax Tincture – “you may be one dropper away from ushering in a greater sense of calm”, retails at $99 for a 1 fl. oz. bottle (30 ml)
- Relief Salve – “soothe sore muscles and alleviate body aches”, retails at $89 for a 1.7 fl. oz. tub (50 ml)
- Chill Pill – “a tasty mint infused with our scientifically formulated Critical Cannabinoids”, retails at $45 for a box of 30 mints
- Daily Softgels – “a cannabinoid-rich soft gel that supports overall wellness and alleviates anxiety from day-to-day stressors”, retails at $99 for a bottle of 30 softgels (25 mg CBD each softgel)
- Revive Face Moisturizer – “a skin-rejuvenating face moisturizer formulated to soothe tired and stressed skin while minimizing wrinkles and restoring your youthful glow”, retails at $99 for a 2 fl. oz. bottle (60 ml)
Hulsa Founder
While documenting this Hulsa review, I did my best to search and found no information on the founder of this platform.
I believe knowing the background record of a brand owner is a step forward into knowing how legitimate it is and the reputation of the Profile.
Hulsa provides no verifiable information about who owns or runs the company on its website.
Hulsa Commission Qualifications
To qualify for MLM commissions each Hulsa affiliate must generate 50 PV a month
PV stands for “Personal Volume” and is generated by retail sales or a Hulsa affiliate’s own orders.
To qualify for residual commissions a Hulsa affiliate must recruit two affiliates, one placed on each side of their binary team.
These recruited affiliates must be MLM commission qualified (50 PV a month).
Hulsa Referral Program
For every online platform, the referral model follows a pattern, all company wants to promote its product, app or site so they offer all potential users the opportunity to share their link, make a new member, and earn a bonus as reward.
The same model is applied on the Hulsa site. After a successful sign up or registration, you proceed to login to be enable to share your referral link, make new membership and earn a referral bonus.
Hulsa Affiliate Ranks
- Brand Partner – sign up as a Hulsa affiliate
- Qualified Brand Partner – meet MLM commission qualification (see above)
- Momentum Pro
- Silver
- Gold
- Pearl
- Sapphire
- Ruby
- Emerald
- Diamond
- Black Diamond
- Blue Diamond
- Red Diamond
Joining Hulsa
Hulsa’s Fast Start Bonus is a recruitment bonus.
To qualify for the Fast Start Bonus, a new Hulsa affiliate must
- sign up with a Momentum Pack;
- make a manual 500 BV purchase when signing up;
- recruit an affiliate who signs up with a Momentum Pack or buys 500 BV worth of product when recruited; or
- generate 500 BV in retail sales
The Fast Start Bonus is then paid on recruitment of Hulsa affiliates who do the same.
- recruit two Fast Start Bonus qualified affiliates and earn a bonus 25% on generated Initial Sales Bonus volume
- recruit three Fast Start Bonus qualified affiliates and earn a bonus 50% on generated Initial Sales Bonus volume
- recruit four Fast Start Bonus qualified affiliates and earn a bonus 100% on generated Initial Sales Bonus volume
Remember, this is an added percentage of the Initial Sales Bonus volume directly tied to the recruitment (see Initial Sales Bonus details above).
The Fast Start Bonus is valid for a new Hulsa affiliate’s first thirty days with the company.
Hulsa Registration
$50. Access to a marketing app costs an additional $10 a month.
In addition to the Experience and Complete Packs detailed in the product section of this review, new Hulsa affiliates can add additional packs to their new membership.
- Experience Pack – $253 with three Hulsa products and one month app access
- Complete Pack – $639 with one of each Hulsa product and three month app access
- Momentum Pack – $1278 and is basically two Complete Packs + 6 months app access
- Founders Pack – $2456 and is basically four Complete Packs + 12 months app access
Note that even if one of the above packs is purchased, the $50 base Hulsa affiliate fee still applies.
Hulsa Login
Before you have access to Hulsa login page, it’s obvious you must registered successfully.
To login Hulsa only the below is needed
- User name
- Password
Is Hulsa Bonus
Hulsa pays a monthly Lifestyle Bonus to Diamond and higher ranked affiliates:
- Diamonds receive $1000 a month
- Black Diamonds receive $2500 a month
- Blue Diamond receive $5000 a month
- Red Diamonds receive $10,000 a month
Is Hulsa Legit
Hulsa presents itself as a faceless corporation, which isn’t a good look for an MLM company.
Despite having founders and executives no information is provided, leaving consumers having to search elsewhere for basic due-diligence information.
This extends to the compensation plan being pulled down, when it should be readily available to the public. What I was able to analyze focused far too heavily on affiliate autoship recruitment.
Such to the extent MLM affiliates do sign up for autoship, it should only be because they are purchasing the products as genuine consumers.
MLM affiliates purchasing products to qualify for commissions is a strong pyramid scheme indicator.
Putting all of this together my gut tells me Hulsa is an MLM company with far more retail purchase volume than retail sales.
Is Hulsa Scam
Primarily, Xycinews Media contents is to give an overview of platforms and what they entails to help you decide if proceeding with them or Investing only what you can afford to lose.
- Do you think Hulsa is scam?
- How you being defrauded?
With a lot of platforms on our desk to review for the general public, we might not be able to keep track of Hulsa on a regular. Please help us by dropping a comment and this will help other potential investors from falling prey or proceeding to invest.
Disclaimer
This Hulsa Review Article isn’t aimed at defaming Hulsa nor is it targeted to promoting them.
This article is strictly for enlightening purposes and a honest guide from our perspective because we strongly believe every brand needs a good background check.
Therefore, you are at liberty to accept or reject this article and act base on your own perspective of the platform. You are encouraged to share your own opinion or views about the platform with us via the comments box below so as to further improve this Hulsa review.
Team Xycinews is no third party and we can’t handle any queries whatsoever.
Contents
BixoTrade Review
BixoTrade has no retailable products or services, with affiliates only able to market BixoTrade affiliate membership itself.
BixoTrade affiliates invest funds on the promise of advertised returns:
- Package 1 – invest $100 to $4999 and receive a 400% ROI over 200 days
- Package 2 – invest $5000 to $24,999 and receive a 450% ROI over 200 days
- Package 3 – invest $25,000 to $99,999 and receive a 500% ROI over 200 days
BixoTrade pays residual commissions via a binary compensation structure.
A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right).
BixoTrade Referral Commissions
BixoTrade pays referral commissions of up to 15% on funds invested by personally recruited affiliates.
- Active – sign up as a BixoTrade affiliate and receive a 3% referral commission rate
- Silver – recruit 1 to 5 affiliates and receive an 8% referral commission rate
- Gold – recruit 6 to 25 affiliates and receive a 10% referral commission rate
- Diamond – recruit 26 to 75 affiliates, generate $250,000 in downline investment volume and receive a 12% referral commission rate
- Platinum – recruit 75+ affiliates, generate $500,000 in downline investment volume and receive a 15% referral commission rate
BixoTrade Rewards
BixoTrade rewards affiliates for generating binary team volume as follows:
- generate $500,000 on both sides of your binary team and receive a Rolex watch
- generate $1,000,000 on both sides of your binary team and receive a Ninja H2 Carbon motorcycle
- generate $1,5000,000 on both sides of your binary team and receive $50,000 worth of gold
- generate $2,000,000 on both sides of your binary team and receive a Porsche 718 Spyder
- generate $5,000,000 on both sides of your binary team and receive a condominium valued at $300,000
BixoTrade Sign up
Full participation in the attached income opportunity however requires a minimum $100 investment.
Is BixoTrade Legit
This wasn’t always the case though. On its official YouTube channel, a video uploaded on January 23rd reveals BixoTrade’s original CEO was James Bernard.
Bernard is played by an actor with an American accent. Bernard’s promo video is shot in the usual rental setting. That said, BixoTrade did go above the usual effort and decked out a complete storefront.
BixoTrade bills itself as “The Most Trusted Crypto Currency Platform”, which is an odd claim to make given the company hides who’s running it.
In addition to hiring actors to play management, BixoTrade has populated its website with stolen images and fake names.
For BixoTrade’s US affiliates, promotion of unregistered securities in the US is also illegal.
As it stands the only verifiable source of revenue entering BixoTrade is new investment. Using new investment to pay advertised returns makes BixoTrade a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment. This will starve BixoTrade of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
Is BixoTrade Scam
Primarily, Xycinews Media contents is to give an overview of platforms and what they entails to help you decide if proceeding with them or Investing only what you can afford to lose.
- Do you think BixoTrade is scam?
- How you being defrauded?
With a lot of platforms on our desk to review for the general public, we might not be able to keep track of BixoTrade on a regular. Please help us by dropping a comment and this will help other potential investors from falling prey or proceeding to invest.
Disclaimer
This BixoTrade Review Article isn’t aimed at defaming BixoTrade nor is it targeted to promoting them.
This article is strictly for enlightening purposes and a honest guide from our perspective because we strongly believe every brand needs a good background check.
Therefore, you are at liberty to accept or reject this article and act base on your own perspective of the platform. You are encouraged to share your own opinion or views about the platform with us via the comments box below so as to further improve this BixoTrade review.
Team Xycinews is no third party and we can’t handle any queries whatsoever.
Revix Review – Is Revix Scam or Legit Crypto Project
Hulsa Review – Is Hulsa Scam or Legit MLM Scheme
BixoTrade Review – Is BixoTrade Scam or Legit
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zvodretiluret
December 6, 2018 at 3:42 am
Great post, I believe blog owners should larn a lot from this web blog its real user pleasant.
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folorentorium
January 14, 2019 at 6:57 am
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