Unix Coin Review: Why You Should NOT Invest

Unix Coin ICO is a lending Ponzi Scheme and has made no effort in making it look legitimate my making attempts to compare it with bitcoin. The owners information is kept hidden. Hence, it raises a big red flag.
Unix Coin Review: Why You Should NOT Invest
1.6 (31.11%) 9 votes

Unix Coin ICO is a lending cryptocurrency scheme and promises high ROIs. As usual, I tried to find out the information related to the owners of the website and was disappointed. The website does not provide such details.

I also checked the domain (unixcoin.com) information and found out that the domain was first registered on 18th June 2016. Later, it was put on sale in 2017. The domain was again purchased, and the registration updated on 23rd November 2017. This is when the new owners acquired the rights over the domain.

Alexa has estimated that the majority of traffic was generated through Vietnam and second being South Korea. This was at the time of publication. It strongly suggests that whosoever is running the company is not a native English speaker. The probability of the owners being a non-English speaker is backed by the marketing content published on the website.

Hence, I would suggest staying away from an MLM company which is not candid about its founders and the background of the company formation.

The only verifiable product present on the website is their affiliate membership program. If you wish to join the affiliate program, you can join it for free. However, this will allow you to enjoy the referral commission only. In order to have the full participation into the various other plans, you need to invest a minimum of $100.

Unix Coin ICO– Compensation Plan

The company offers pre-generated points which rages between 0.90 dollars to 1.40 dollars. The affiliates invest in these points and then lent back these points back to the portal for promised ROI.

  • Plan 1: You need to invest $100 – $1000 for receiving ROI daily as well as 0.1% bonus for 179 days
  • Plan 2: You need to invest $1010 – $5000 for receiving ROI daily as well as 0.15% bonus for 149 days
  • Plan 3: You need to invest $5010 – $10,000 for receiving ROI daily as well as 0.25% bonus for 99 days
  • Plan 4: You need to invest $10,010 – $100,000 for receiving ROI daily as well as 0.3% bonus for 60 days
  • Plan 5: You need to invest $100,010 or more for receiving ROI daily as well as 0.35% bonus for 45 days

Unix Coin provides variable ROI and is announced daily. It also offers fixed ROI lending plans for an investment of $100 or more:

  • Plan 1: 103% which is paid after 7 days
  • Plan 2: 109% which is paid after 15 days
  • Plan 3: 120% which is paid after 30 days
  • Plan 4: 135% which is paid after 45 days

Unix Coin – Referral Commission

Unix Coin offers referral commission on the funds invested at the initial stage and the points lent back to the company for ROI.

The company follows a unilevel structure to pay referral commission to its affiliates. In this structure, an affiliate is placed on the top of the team and personally recruited affiliates are placed on level 1. Affiliates recruited by every level 1 affiliate is placed directly under them on level 2 and so on.

Referral Commission on Initial Investment

The cap is put on level 3 for referral commission on initial investment.

  • Level 1: 7%
  • Level 2: 2%
  • Level 3: 1%

Referral Commission on Lent Points

The cap is put on level 7 for referral commission on Lent Points. The referral commission for these Lent Points are paid in Unix Coin Points.

  • Level 1: 8%
  • Level 2: 3%
  • Levels 3 and 4: 1%
  • Level 5: 0.5%
  • Level 6: 0.3%
  • Level 7: 0.2%

Unix Coin ICO Reviews

Davvix Abrahammovich: Useless UNIXCOIN with USELESS management!

Keep selling your SHIT coin to both yourself and bots.

Just allow us to withdraw our Bitcoins since you have refused to sell to the general public.

Stacey Arrowsmith: I have tried everyday. Nothing. Most days I do not even make it into the que to get cancelled so I am not sure how to buy your coins? How and when do I get my btc back because so far this is a total waste of my time.

Conclusions from the above Review

As per the above reviews, the customers are not able to access the coins. There are lot of red flags that have been raised about the same issue and the company is not taking initiative for resolving them. This puts the company among the list of suspicious scams.

The Verdict

The company compares itself to bitcoin and calls itself as affordable ICO. This cannot be true. The company has not made any effort to look legitimate, but have gone beyond limits to flaunt its worthless coins.

It took so much of time for people to accept bitcoin and this company which was started a month back, claims to have the same profits that are lingered with bitcoin.

As, there is no practical usage of the coins, there is no way the value is ever going to rise and come any closer to bitcoin.

The ROI is paid through the funds invested by the new affiliates and as the recruitment will slow down and the funds will go low, the company will stop paying ROIs and any other referral commission. This is when the platform will collapse, leaving the majority of the affiliates into loss.

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