No doubt, AreszCoin has tried their best to make their coin and the website look presentable. However, they have missed the most important part, the transparency. The company’s website provided no details of the names of the founders or the people running the company.
I tried to hunt some information through WHOIS, but that seems vague too. The domain (areszcoin.com) of the company is registered on 13th November 2017 with an address in Hong Kong. There is no name provided for the owner of the domain and it’s the company name itself.
AreszCoin does not provide evidence for any retailable product or services and the affiliates are only able to connect with company’s network through affiliate recruitment program. If you wish to join the affiliate program, you can do it for free. However, this will only allow you the referral commission. If you wish to enjoy all the perks, you need to invest at least $100.
There are certain things that we need to focus on, before investing into an MLM program, transparency is one among them. A company, especially an MLM company, if not true to its affiliates, it’s not worthy to trust it with your hard-earned money.
AreszCoin – Compensation Plan
AreszCoin has got pre-generated ARC points and it sells these points to the affiliates at an internal exchange rate of 0.21 dollars in bitcoin.
After the affiliates acquire these points, they lent it back to the platform for huge ROI which is advertised on the website.
- Plan 1: You need to invest $100 – $1,000 for receiving variable ROI daily for 239 days
- Plan 2: You need to invest $1,010 – $5,000 for receiving variable ROI as well as 0.2% fixed ROI daily for 179 days
- Plan 3: You need to invest $5,010 – $10,000 for receiving variable ROI as well as 0.20% Fixed ROI daily for 120 days
- Plan 4: You need to invest $10,010 – $100,000 for receiving variable ROI as well as 0.25% fixed ROI daily for 99 day
AreszCoin – Referral Commission
AreszCoin uses unilevel structure to pay the referral commission to its affiliates. In a unilevel structure, an affiliate is placed at the top of the structure and personally recruited affiliates are placed directly under the affiliate who recruited them.
For example, the affiliate who are recruited by the top affiliate are placed on level 1, directly under him. The affiliates who are recruited by any of the affiliate on level 1, are placed on level 2, directly under him and so on. This goes on for an unlimited number of rows.
The percentage of funds invested by the new affiliates are used to pay the referral commission to the existing ones. The payment is made till 5th level of every recruitment.
- Level 1: 7%
- Level 2: 3%
- Level 3: 1%
- Level 4: 0.5%
- Level 5: 0.1%
John Crespi: 1 star
2FA is a weak feature in ARESZ. Please enable a real AUTHY where the code must be inserted before disabling it. Otherwise anyone can hack my account (using bruteforce or similar) , disable the authy with a simple click and steal my coins…
Hélder Sousa: 1 star
You must be really dumb to fall for this kind of scams…
EDIT: I’ll add more information regarding my statement so it doesn’t look like i’m bashing on the “project” just because. They have no information regarding the team behind the project and their experience, they have one hell of a shitty whitepaper, they don’t bring anything new or useful if they will ever bring something. They refer to the SHA256 for the proof-of-work, which is the same as bitcoin, that could sound great but it isn’t as there are ASICs ready to mine then. And they have the guts to say you’ll be able to mine with your phone and tablet! Well, most are in just for the easy profit, greedy people just like the project’s creators. good luck
Orcnad Rumrey: 1 star
I lent as soon as Aresz went live. I got paid out in the first day and then everything went dark. When Aresz opened again, my lending coins had vanished. I sent a message asking about this – got no feedback. Then Aresz went down again. Now they are back up but guess what? I still have nothing in my lending account? Anyone else had the same problem?
Conclusion from the above reviews
All the above reviews are bluntly taking about the fake promises and bad service. The platform is really a waste of time and many have termed it as disaster. What else could be the worst way to define the strategy of this company?
I believe that looking at the current reputation and the fact about the company being indifferent to the queries of the affiliates, it would be wise to stay away from AreszCoin.
AreszCoin has done no work in hiding the fact that the company is using newly invested funds to pay the existing affiliates. In short, they are okay people knowing that they are running a ponzi scheme.
Affiliates are encouraged to pay the bitcoins in exchange of the worthless points that has no value out of the platform itself. So, people are giving away their hard earned money for something that has no application in the real world.
In a Ponzi Scheme, a platform is sure to collapse after the new recruitment dry down. There is a threshold limit that the owners set before planning the entire payment graph.
Once, the new investment would die, the ROI will stop. That is when the anonymous owners will pull out their cards and run away with the left amount. Those who would join early will have chance for earning few bucks. However, majority of the affiliates would lose money at the hands of these scammers.
Being anonymous, it would be difficult for anyone to track them down. So, keep your money safe and invest it into something that can give you better returns and assurance for handing your money back.