With so many new MLM and crypto-currency networks popping up almost daily, it can be difficult to know which ones
are legit and which ones aren’t.
A great way to make sure you are joining the right company is by learning as much as you can about it before signing up.
Reading reviews is one of the many ways you can do this, so welcome!
My WexCoin review will cover the company, the products and the compensation plan. At the end, you will have my final thoughts about the company.
So, let’s dive in!
What Is WexCoin?
WexCoin does not reveal any information about their management team. However, it is evident from their address and registration that they are owned by WexCo LLC. The address however, belongs to a business service company who specializes in setting up new businesses. What that means for us is that this could be a registration address without any physical presence at the address. This is not good!
Looking at their web domain registration, it was registered in January 2016 and set to expire in January 2018.
They receive the bulk of their web traffic from Vietnam. This accounts for almost 41% of their entire web traffic. Apart from them, they receive significant web traffic from Nigeria, India, Israel and Bangladesh.
That is all about the company.
Let’s check out their products!
Products Offered By WexCoin
WexCoin does not have any retail sales activity. This means they do not have any product to sell.
However, you can sell their affiliate membership to others after becoming a member.
The WexCoin Compensation Plan
WexCoin has a variety of packages laid out for you to buy and become a member.
These are listed below:
- Starter package for $50
- Basic package for $500
- Premium package for $1000
- Business package for $3000
Professional package for $5000
Once you become a member and manage to sell their membership to interested parties, you are entitled to receive a sales commission.
Recruiting an affiliate who purchases a Basic package earns you a commission of $50
Recruiting an affiliate who purchases a Premium package earns you a commission of $100
Recruiting an affiliate who purchases a Business package earns you a commission of $300
Recruiting an affiliate who purchases a Professional package earns you a commission of $500
They have a unilevel commission structure called Dual Team Rewards. This basically rewards you for matching sales points on both your left and right downlines. To qualify for this reward, you need to personally refer 500 Sales Points to each leg.
- Starter – 7% Dual Team Rewards with maximum value of USD 1,000
- Basic – 7% Dual Team Rewards with maximum value of USD $2,500
- Premium – 8% Dual Team Rewards with maximum value of USD $5,000
- Business – 9% Dual Team Rewards with maximum value of USD $10,000
- Professional – 10% Dual Team Rewards with maximum value of USD $15,000
You are also entitled to receive a matching bonus based on your associate level.
- Level 1 – 3% bonus if you refer 1 Business pack on each leg
- Level 2 – 3% bonus if you refer 2 Business pack on each leg
- Level 3 – 2% bonus if you refer 3 Business pack on each leg
- Level 4 – 2% bonus if you refer 4 Business pack on each leg
- Level 5 – 2% bonus if you refer 4 Business pack on each leg
- Level 6 – 3% bonus if you refer 5 Business pack on each leg
- Level 7 – 3% bonus if you refer 5 Business pack on each leg
They offer an extra bonus for achieving any of seven recognition levels for building your team.
- Bronze Associate – Generate 30,000 Sales Points in Weak Leg for bonus iWatch
- Silver Associate – Generate 100,000 Sales Points in Weak Leg for bonus iPhone
- Gold Associate – Generate 300,000 Sales Points in Weak Leg for bonus iPad Pro
- Platinum Associate – Generate 1,000,000 Sales Points in Weak Leg for bonus MacBook Air
- Ruby Associate – 3 Platinum Associates in Three Different Legs for bonus Omega Watch
- Emerald Associate – 3 Ruby Associates in Three Different Legs for bonus BMW 3-Series
- Diamond Associate – 3 Emerald Associates in Three Different Legs for bonus Tesla X-Type
Final Thoughts About WexCoin
In my opinion, the biggest threat for an MLM company is the lack of tangible products. I strongly believe that for an MLM scheme to be successful it requires a strong product line that the customers can believe in. This generates sales and makes the marketers earn more commissions.
However, the case is totally opposite with WexCoin. They do not have any products and buying their membership will not get you anything, either physical or digital. This makes it a whole lot difficult to sell their membership to others.
I do not recommend investing in this company as there are lots of decent crypto-currency networks out there.
However, the choice is ultimately yours to make.
I hope you liked my WexCoin review and learnt valuable insights about the company.
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Again, I hope you enjoyed this WexCoin review and I’ll see you all at the top!
PS. All questions are welcomed, feel free to leave it in the comment area below… again God bless!