March 22, 2021 by Brian Priest Welcome to my Etherconnect Review. Is this a legit 17.5% Monthly ROI MLM? Or just another scam designed to take your money? That’s what we are going to find out in this Etherconnect.co review.
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Hello everyone and welcome to my Etherconnect Review. I’ve noticed a lot of talk lately about this big monthly ROI DEFI MLM. So I decided to dig into it deeper and see what all the chatter is about.
And I’m sure you’ve been online and seen the barrage of business opportunities, and self development, and training courses being offered on an hourly basis. And in the process of things you may have seen the opportunity to take advantage of the Etherconnect company’s Investment and or business offer.
Or as a matter of fact you may have even been approached by someone about their Investment or Business opportunity. And you came here to find out if it’s legit. So we are going to go through the company, the products, the compensation plan, as well as the what it will cost to join the Etherconnect team. And then you will be able to make an educated decision about your future with the Etherconnect company.
So stay with me until the end. Because unlike so many of the other Etherconnect Reviews out there I’m going to straight with you. And as a reminder remember to pay close attention as we go through our etherconnect.co review.
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What Is EtherConnect?
The Etherconnect company is another MLM company to come on the scene that operates in the Cryptocurrency/Smart Contract/Defi MLM niche.
However this one has some history that you might want to stay clear from. Because according to the companies website They are the new face of a company that was called BitConnect.
“Etherconnect is new face of Bitconnect, Bitconnect launched its new platform with upgraded version with legit and legal Defi protocol ecosystem.”
But Bitconnect got shut down by the US SEC and FBI because they were offering unsecured securities. And very many people got scammed out of their money.
So let’s dig in here and find out what thie Etherconnect company is all about in our etherconnect.co review.
Etherconnect Review – The Company
One of the first things that i noticed when I was visiting the etherconnect.co website is that they don’t give us any information as to who owns or runs the company. As a matter of fact they don’t give us much information at all about the company or it’s location. But we already know that they are some kind of reboot or clone of the Bitconnect company. Because they tell us so in their FAQ section of the Etherconnect company website.
And again If you don’t know what Bitconnect was. It was a huge ponzi scheme that the US SEC and FBI went after and shut down. In which thousands of people lost their money.
Now I have no idea why anyone would want to associate themselves with with an obvious Ponzi scheme that went viral on social media with some interesting memes. But either way this is what the Etherconnect company is claiming they are.
Etherconnect.co Review – The Company Domain
When I looked up the registration information on the Etherconnect company’s domain, “etherconnect.co”. I discovered that is was privately registered on January 12, 2021.
And the results from this “WHOIS”, shows that it was updated just a few days later on January 19, 2021.
In addition to that when I was looking into traffic sources to the Etherconnect company website, “etherconnect.co”, I came accross a Russian website called AdBTC.top, which seems to be sending them a lot of traffic.
And most of the traffic going to the etherconnect.co website is coming from countries like Russia (18%), Curacao (15.24%), France (10.56), Pakistan (8.84%) and Mexico (8.02%).
But when it comes down to being transparent the Etherconnect company is doing a terrible job. And if anyone does know who is behind the scenes of the Etherconnect company, please leave me a name in the comments so I can do some further digging.
Alright now that we have that covered let’s see what the Etherconnect Company offers for products or services in our Etherconnect Review.
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Etherconnect Review – The Products
The Etherconnect company doesn’t have any retail products or services to offer retail customers.
So the only thing you can do is to become an affiliate and promote the affiliate membership and investment opportunity. And in addition to that you can invest in the investment opportunity as well.
Now let’s move right along and see what the Etherconnect company offers its affiliates as a compensation plan inside of our Etherconnect.co review.
Etherconnect Review – The Compensation Plan
EtherConnect affiliates invest in ECC Coins from the Etherconnect company. However I do not have their internal exchange value.
In addition to that the Ethernet company compensation plan consists of multiple different areas. And below is listed those areas:
- Affiliate Ranks
- Referral Commissions
- ROI Match
- Rank Rewards
However I found a company video on the Etherconnect company’s YouTube channel that does a great job of explaining the compensation plan. But remember that it is company material and it is biased. So use it for informational and educational purposes only.
Once receives the affiliates ECC coins are parked with the EtherConnect company on the promise of a monthly return.
- 1 – invest $50 to $1000 in ECC and get 10% a month
- 2 – invest $1001 to $5000 in ECC and get 13% a month
- 3 – invest $5001 to $10,000 in ECC and get 16% a month
- 4 – invest $10,001 to $100,000 in ECC and get 17.5% a month
However once invested (staked) with the EtherConnect company, the ECC is locked for 365 days.
EtherConnect Affiliate Ranks
There are seven affiliate ranks within EtherConnect company’s compensation plan. And a list of those affiliate ranks along with their respective qualification requirements are listed below:
- Affiliate – sign up as an EtherConnect affiliate and invest in ECC
- Racer – recruit others to invest $50,000 in ECC, max 30% from any one unilevel leg
- Gladiator – have two Racers in two separate unilevel team legs and convince others to invest $175,000 in ECC
- Tornado – have two Gladiators in two separate unilevel team legs and convince others to invest $400,000 in ECC
- Typhoon – have two Tornadoes in two separate unilevel team legs and convince others to invest $1,000,000
- Cyclone – have two Typhoons in two separate unilevel team legs and convince others to invest $3,000,000
- Black Panther – have two Cyclones in two separate unilevel team legs and convince others to invest $10,000,000
The EtherConnect company pays its affiliates referral commissions through a unilevel compensation structure.
And the postitions in the unilevel structure can be directly or indirectly filled by affiliates. However the EtherConnect company caps payable unilevel team levels at ten levels deep in total.
In addition to that Referral commissions are paid out as a percentage of ECC invested across these ten levels as follows:
- 1 – level 1 (personally recruited affiliates) – 8%
- 2 – level 2 – 3%
- 3 – level 3 – 2%
- 4 – level 4 – 1%
- 5 – levels 5 to 8 – 0.5%
- 6 -, levels 9 and 10 – 0.25%
It’s also a good time to note that how many levels referral commissions are earned on is determined by personal recruitment:
- 1 – recruit one EtherConnect affiliate investor to qualify for referral commissions on four unilevel team levels
- 2 – recruit two EtherConnect affiliate investors to qualify for referral commissions on seven unilevel team levels
- 3 – recruit three EtherConnect affiliate investors to qualify for referral commissions on all ten unilevel team levels
However even though it isn’t well clarified I do believe the EtherConnect company pays referral commissions in ECC.
ROI Match – Etherconnect.co Review
The EtherConnect company also pays a ROI match. And the ROI Match is paid using the same unilevel team used to pay referral commissions. (details can be seen above).
However the ROI Match is paid daily and is capped to five unilevel team levels rather than ten.
- 1 – level 1 (personally recruited affiliates) – 10% match
- 2 – level 2 – 5%
- 3 – levels 3 and 4 – 3%
- 4 – level 5 – 1%
And just like referral commissions, EtherConnect company affiliates must qualify for ROI Match levels through personal recruitment:
- 1 – recruit one EtherConnect affiliate investor to earn a ROI match on level 1
- 2 – recruit two EtherConnect affiliate investors to earn a ROI match on level 2
- 3 – recruit three EtherConnect affiliate investors to earn a ROI match on levels 3 to 5
And just like with referral commissions, I believe the ROI Match is paid in ECC as well.
Rank Rewards – Etherconnect Review
The EtherConnect company rewards its affiliates for rank qualifying as follows:
- 1 – qualify at Racer and get 1% a month for 6 months
- 2 – qualify at Gladiator and get 1.2% per month for 6 months
- 3 – qualify at Tornado and get 1.3% a month for 6 months
- 4 – qualify at Typhoon and get 1.4% a month for (undisclosed)
- 5 – qualify at Cyclone and get 1.4% a month for 6 (undisclosed)
- 6 – qualify at Black Panther and get 1% a month “for lifetime”
And although they don’t make this real clear either, I believe the above percentages are an added bonus on top of the ECC investment ROI rate.
Anyways, lets move on up and see what it costs to join the Etherconnect Company in our etherconnect.co review.
Etherconnect Review – The Cost To Join
The Etherconnect company affiliate membership is free. However if you want to take advantage of the investment opportunity you will have to invest at $50 in ECC.
And even though the the funds are quoted in USD, the actual funds used by the Etherconnect company is Ethereum.
Now comes the part you’ve been waiting for. And unlike a lot of all the other Etherconnect Reviews out there I am going to be straight with you. So stay with me just a few more minutes and remember to pay close attention. Because here are…
My Final Thoughts
So is there some kind of scam going on behind the scenes at the Etherconnect Company. Well let’s take a look at the information we have collected and see what the evidence tells us.
Ok first of all they are billing themselves as the “New Face” of BitConnect. Which was ahuge ponzi scheme that went down in flames after being shut down by the SEC and the FBI. and thousands of people were scammed out of their money.
Second we really don’t know who is behind this resurrection and renaming of the huge Ponzi Scheme. nor do we have any contact information, or company location.
In addition to that they have no retail products or services.
And with that information we can only believe that this is the same Ponzi Scheme that it was when it was BitConnect.
Which means that it will most likely suffer the same fate.
And knowing that I can’t recommend this company.
It’s just another Ponzi Scheme.
So Save your money and invest in something stable.
As a matter of fact something even better is invest in yourself. And be the creator of your own future. Because you are totally worth investing in for real.
However Before You Go
Thanks for stopping by. And I hope you enjoyed my etherconnect.co Review. If you have any questions or comments, please feel free to comments section below. And I will get back to as soon as I am able.
And again thank you for reading my Etherconnect Review
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