Piggy-bank.io Review – Register, Login, How it works, Reddit, Scam or Legit
According to Piggy bank, “The history of Piggy Bank Limited goes back to the year 2000, when a group of independent financial analysts was studying the investment market and providing independent advice and analysis to individuals. Making money on cryptocurrency, namely Bitcoin, gains more and more popularity.
Therefore, Piggy Bank Limited came in the market officially in 2011 and since that time has been working at the European and world markets. There is nothing surprising in it as it is a real possibility to earn money without making much effort. Piggy Bank Limited invites you to become a part of the company’s united team and earn an essential profit.”
However, Alexa traffic estimates that Piggy Bank launched a few weeks ago in early January, 2018. The Piggy Bank website domain (“piggy-bank.io”) was privately registered on June 2nd, 2017. Piggy Bank’s IP location is Singapore.
A UK incorporation corresponding to “Piggy B. Limited” is provided on the Piggy Bank website.
Piggy B. Limited was incorporated through a residential address in London on June 6th, 2017. Bruce Whatley is named as the sole Director of the company. (To access Piggy bank website, click the link below)
Piggy Bank has no retailable products or services so affiliates are only able to market Piggy Bank’s affiliate membership.
The Piggy Bank Compensation Plan
Piggy Bank affiliates invest bitcoin on the promise of an advertised “guaranteed profit”.
- invest 0.001 to 4.999 BTC and receive a 3.12% dailyROI
- invest 5 to 7.99 BTC and receive a 3.36% daily ROI
- invest 8 to 12.99 BTC and receive a 4.32% daily ROI
- invest 13 to 100 BTC and receive a 5.28% daily ROI
Piggy Bank investments do not expire as a 7% fee is charged on affiliate withdrawals.
Referral commissions are available on funds invested by downline affiliates, paid out down two levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 5%
- level 2 – 2%
If a Piggy Bank affiliate qualifies as a “Representative”, referral fees are increased to 7% on level 1 and 3% on level 2.
Joining Piggy Bank
Piggy Bank affiliate membership is free but free affiliates can only earn referral commissions. Full participation in the Piggy Bank MLM opportunity requires a minimum 0.001 BTC investment.
NB – Any MLM website that does not provide information about who is running it should be critically evaluated before investing your hard earned money
There is no evidence of Piggy Bank engaging in cryptocurrency mining or using external revenue to pay affiliates a daily ROI.
The only source of revenue for Piggy Bank is new affiliate investment and using newly invested funds to pay existing affiliates a daily ROI makes Piggy Bank a Ponzi scheme.
You can use the Livechat box herein to complain and get real answers from real people who are majorly fellow participants …
You are also advised to invest in all peer to peer or MLM sites with your spare money! Money you can afford to loose because in most of them, once there are no new affiliates, it affects the ROI and they eventually wind up.
Use the Live Chat Box herein or the comment box to testify about the good and bad side of this platform. You can also send an email to [email protected] to report anything.