Whether you think Paynext ICO is a legitimate business or not the flat out truth behind this is that it has every indicator that it is very much a ponzi scheme.
However, these types of sites follow a very simple plan and structure, which is why they are able to remain operational.
This Paynext ICO review is going to give you the truth and nothing but the truth, so if you are thinking about joining this program I’m sure you’ll appreciate what I have to say.
I am not here to praise or bash this site but rather to give you all the facts you need to know before you invest that hard earned money of yours.
I’m sure its members won’t like what I have to say and that is perfectly fine with me.
Just know that I was very much involved with this type of stuff before the crashing of My Paying Ads, so just trust me when I say that I am going to give you the truth without holding anything back.
Will this be your next next profitable investment?
Let’s dig a little deeper so that you know exactly what it is that you are getting involved with.
Paynext ICO Review
Name: Paynext ICO
Website: www.paynext.io
Owner: Unknown
Price: $100 +
Overall Rating: 1/5 stars
Product Overview
Paynext is a program that will make you money by making a simple investment.
There is no indication as to who owns or runs things on the actual site and I was not about to go looking for them either.
When it comes to any make money from home type of program, if the owner is nowhere to be found, that is already a good indicator that things are not what they seem to be and you can’t trust it.
However, as much as I’m sure what is really going on behind the scenes, I still try to give every product/owner the benefit of a doubt and I did my research to uncover what is really happening.
So What Exactly is PayNext and How Does it Work?
In the online world, sites like this are nothing more than what we refer to as “revenue sharing“.
Back in the day, these sites used advertising as its product to mask what was really happening and these days they try to use “trading digital currency and arbitrage” as their so called product.
At the end of the day, they are nothing more than a recruiting based program that is able to pay its members through the investment of newer members.
This is just one of hundreds of Bitcoin based MLMs that have no product but promise a return of investment through their mining and trading but it’s really nothing but a way to get under the radar.
So if you’re wondering how in the world is money made, it is done through the investment of newer members and this is accomplished through the very same thing I am about to cover next.
The Compensation Plan
Without one of these in place, I can promise you that this site will not exist.
By offering some type of incentive, anyone who joins Paynext is able to go out there, share their personal link, and make a percentage of what that new recruit invests.
This is very much ran in a multilevel marketing, pyramid type structure, so you can make money from the referrals of others that you brought into Paynext.
Another great way to have everyone posting this site on social media.
- Level 1 (your personal referral) – 9%
- Level 2 – 3%
- Level 3 – 2%
- Level 4 – 1%
- Level 5 – 0.5%
- Level 6 – 0.3%
- Level 7 – 0.2%
- Level 8 – 0.1%
- Level 9 – 0.05%
- Level 10 – 0.03%
- Level 11 and down – 0.01%
I have never seen a company go down so many levels, so props to these guys for going so deep, even if it’s just 0.01%.
The Price
It is completely free to join Paynext and you are not required to pay anything unless you want to take part in the revenue sharing side of things.
Now don’t think you will be making any daily ROI’s or any of that because the purchase of at least one package is required in order for you to make money without recruiting.
This requires a $100, minimum investment with there being no limit on how much you can purchase.
Each package comes with up to 41% profit and all will earn you money on a daily basis.
They all mature at after a minimum amount of days, with the highest priced package returning your seed money in just 89 days.
For the other plans, it will take months before you can start seeing a profit, although you will be earning money daily.
How Are They Able to Pay?
The brains behind these revenue sharing programs are credited to nothing more than a specific software that distributes funds accordingly, every single day.
The ONLY way that earnings will ever slow down is when people stop joining.
So when they stop paying and try to come up with some bogus excuse as to why they aren’t distributing any funds it is simply because no one is joining.
Period.
So if you see something like you see in the image below, let’s just say that they are trying to buy themselves time so that more people will join.
But Can You Make Money With Paynext?
The answer is yes.
As long as new people keep coming in, you can definitely make a profit.
What you do need to understand is that if you want to make any type of decent income here, it will require a decent investment and some “compounding” (investing your profits) to make it worth your time.
Usually those that know the owner will get in early and invest a huge amount of money, just so that everyone else that gets in after can provide that ROI.
The second people stop joining is the same time you will see their excuses, which will lead to everyone that got in late losing, and ultimately the site shutting down.
That’s really all there is to it and if you can understand what I have pointed out in this review, then go for it.
If something goes wrong, you have no one to blame but yourself as I have laid it all out for you.
Final Verdict: Not Recommended
I will definitely not recommend this site to anyone looking to make money online.
I have had my share of these recruiting based ponzi schemes and although I can make money by telling you it is legit, I’d rather not.
For those of you who are looking for a true, legit way to make money online, you can always checkout my #1 recommendation and you will see the same exact program that not just worked for me but also the same one that allowed me to work from home for the past four years.
Other than that, proceed with caution here and if you know that this thing won’t last forever, then by all means, give it a try.
Conclusion
Not a single one of these sites will last and that’s just how it is.
Even if the owner has every good intention of paying their members, it is only a matter of time until the hype dies down and people stop joining.
I hope this review has given you a better understanding of things work but if you are still confused about anything, feel free to leave your questions in the comments section below and I will get back to you as soon as I can.
Thanks for reading and good luck!
P.S. Don’t forget to checkout my #1 recommendation
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