BeeCash Review: Bee Cash, BEH points, ICO, Token sale, Register
Beecash describes itself as “a coin created to serve online payment for many types of services: restaurant, hotel, travelling, shopping, with low fee, high privacy security, fast and very convenient”
Bee cash has an app called BeeExpress App and it is created to make it easier to use and is considered as a first shopping App using Beecash coin.
However, BeeCash has no information on their website as to who owns or runs it. The BeeCash website domain beecash.co was registered on November 28th, 2017 and Beecash coin is listed as the owner.
Official BeeCash marketing videos are narrated with European accent which suggests that the person running the company is likely based out of Europe.
BeeCash has no retail-able products or services making affiliates only able to market BeeCash affiliate membership.
BeeCash affiliates acquire BEH points from the company’s anonymous owners and the BEH points are sold to BeeCash affiliates for 60 cents to $1.20 each.
When acquired, BEH points are lent back to the company on the promise of an advertised monthly ROI of up to 45% as follows
- invest $100 to $1000 and receive a variable daily ROI for 200 days
- invest $1001 to $5000 and receive a variable daily ROI plus 0.1% bonus daily ROI rate for 180 days
- invest $5001 to $10,000 and receive a variable daily ROI plus 0.2% bonus daily ROI rate for 120 days
- invest $10,001 to $100,000 and receive a variable daily ROI plus 0.35% bonus daily ROI rate for 90 days
Only 30% of ROI payments are able to be withdrawn and the rest must be reinvested into new BEH points.
BeeCash pay referral commissions via a uni-level compensation structure and a uni-level compensation structure places an affiliate at the top of a uni-level team, with every personally recruited affiliate placed directly under him or her.
BeeCash affiliate membership is free but free affiliates only earn referral commissions. Full participation in the BeeCash MLM opportunity requires a minimum of $100 investment.
As not the case with Beecash, ICO lending schemes do come up with a source of external ROI revenue generation.
It is clear that the only source of Revenue coming into Beecash is new affiliate recruitment and using money generated by new affiliates to pay old members makes a platform a Ponzi scheme.
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