Ribbon Coin Review: Ponzi ICO seeking to build up on women’s issue

Ribbon Coin presents itself as an MLM charity geared towards women's issues. But, it has failed in every sense. The company has provided no evidence for cryptocurrency trading and is another Lending Ponzi Scheme.
Ribbon Coin Review: Ponzi ICO seeking to build up on women’s issue
2 (40%) 4 votes

Ribbon Coin has not provided any information about the names of the founders on their website. The domain (ribboncoin.co) was registered privately on 21st November 2017. Hence, I could not find the name and address of the owner of the domain.

Ribbon Coin does not have any verifiable products or services apart from its affiliate recruitment program. If you wish to join their affiliate program, you must invest at least $50. They do have free membership plan, but that will only give you access to their referral commission.

However, I believe that a company which is not transparent, should not be trusted. With growth in popularity of cryptocurrency, the number of companies claiming to provide the service has surged too. But, most of them are running Ponzi Scheme underbelly cryptocurrency niche. Most likely, Ribbon Coin is one such addition to that list.

Ribbon Coin – Compensation Plan

Ribbon Coin provide the pre-generated points, the RBC points to its affiliates in exchange of real money. The anonymous owners are selling these points between 0.50 dollars to 1.10 dollars each. After, the affiliates acquire these points, they lent it back to the platform for huge ROI as promised on the website.

In this case, the monthly ROI can get up to 48%.

  • Plan 1: You must invest $50 – $499 for receiving daily ROI which is variable for 249 days
  • Plan 2: You must invest $500 – $4999 for receiving daily ROI (variable) as well as 0.15% daily ROI (bonus) for 170 days
  • Plan 3: You must invest $5000 – $100,000 for receiving daily ROI (variable) as well as 0.25% daily ROI (bonus) for 120 days

On their website, the company flaunts about the average ROI as 0.8% to 1.6% per day.

Ribbon Coin – Referral Commission

Ribbon Coin uses unilevel compensation structure to pay referral commission to its affiliates. In unilevel structure, an affiliate is placed on the top of the series. The new affiliates who are recruited personally, are placed directly under the one who recruited them.

For example, the affiliates who are recruited by the top affiliate are placed on level 1, right under the top affiliate. The affiliates who are recruited by the level 1 affiliates are placed on level 2 and so on. This goes to an infinite series.

The payment of referral commission is done till 3rd level.

  • Level 1: 8%
  • Level 2: 5%
  • Level 3: 2%

Ribbon Coin – Reviews

Linda: When I first saw the opportunity and the website talking about such high returns, I was excited to get in. But, then I did some research and believe that this is just another scam. If anyone out there know about a great deal, please let me know. I want to invest but not able to find the right option and Ribbon Coin is not at all the right one.

Max: Hey! Do you guys know how to work this out. ICO is not launched yet, and you are making such huge promised, based on what?

Conclusion from the above Reviews

Ribbon Coin has tried to put a beautiful website in place which somehow fails to attract the users. Despite being open about the prices and prospects, it lacks conviction. It does not take charge to provide evidence make the platform trustworthy.

The Verdict

Here is a new way to promote a company. While most of the MLM companies that exploit charity are busy building up on children, Ribbon Coin has targeted the women’s issues.

Why is it that the company wants to introduce the cryptocurrency trading to women? Are other companies incapable to do so? If yes, where are the reasonings for that.

All it has provided, is a statement which does not seem to do any good to it.

“We find a lack of interest or knowledge when it comes using cryptocurrency as a means of investment amongts women. Therefore RibbonCoin (RBC) will act as a catalyst for new investors to learn, understand and most importantly sustain financial freedom through this digital-currency paradigm.”

If Ribbon Coin thinks that this can lure women, let me make it straight. This statement rather makes it sound as if women are too stupid to get it. Do you really believe that women need a charity to enlighten them with the knowledge of cryptocurrency?

No claim has provided on the website to back any of the claims. Ribbon Coin is just another Lending Ponzi Scheme and giving away the worthless points in exchange of real money. These points have no value out of the platform.

As long as the recruitment will go on, the ROI will continue. Once, it freezes, the ROI will stop.

Those who join early might be able to make some money. But, majority of the affiliates will lose money in the hands of these anonymous owners who would run away with whatever is left, as soon as the platform will collapse.

Hence, make decisions after accessing both the sides of the coin. Or else, you can lose your money and no one would be able to help you get that back.

 

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1 comment on Ribbon Coin Review: Ponzi ICO seeking to build up on women’s issue

  1. Mark Cuban

    ICO will be sold out like mad.
    but the coin at $0.50, sell it after ICO = PROFIT!