What is Octoin? Is Octoin Scam or Legit? Octoin Review


Octoin.com is a scam and we are 100% sure about it because the business model of Octoin is a combination of Ponzi and Pyramid schemes. Ponzi and Pyramid schemes are illegal schemes and legal entities have already marked these kinds of business models as scams. These business models never sustain for a long time. Involving with these kinds of business models is a crime.

 

Well, we will describe more about Octoin within our Octoin.com review here as below. So, if you are searching for Octoin reviews to find out the complete truth on Octoin, then you don't have to search any other Octoin.com reviews. However, after knowing the fact that Octoin is a scam, if you don't want to find out more details on Octoin, but instead want to find out the legal ways to make money online, then you can find those by clicking this link:- newsonlineincome.com/legitimate-work-home-businesses/

 

Among those listed legal ways to make money, Wealthy Affiliate is our No.1 recommendation. If you don't know what is Wealthy Affiliate, then you can click this link:- newsonlineincome.com/wealthy-affiliate-review/

 

OK, let's continue with our Octoin review in detail to find out what is Octoin.com in real and why is Octoin.com a scam.


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Octoin complaints. Octoin Limited reviews. Octoin legit or scam?

Octoin login and join in link:- Octoin.com (Not recommended to join, it's a scam)


Why is Octoin a scam? OctoinCoin review. What is OctoinCoin?

OctoinCoin is a cryptocurrency created by the Octoin itself which has not any real value outside the Octoin and seems to be pump and dump coin similar to lots of other scams. Although Octoin seems to offer legitimate market information and cryptocurrency analysis but also Octoin is a scam due to the following reasons:-

  1. Aforementioned, Octoin is a combination of Ponzi and Pyramid schemes which are illegal schemes. So, that makes Octoin.com a scam. If you don't know what is Ponzi and Pyramid schemes, then you can find the details by clicking the following respective links:-
    Ponzi Scheme:- newsonlineincome.com/ponzi-scheme/

    Pyramid Scheme:- newsonlineincome.com/2017/03/06/what-is-pyramid-scheme/

  2. The owner details of Octoin is not provided clearly on its official website. Octoin.com claims to be a company from UK, Singapore, and China but there is not any proof for that. It has only provided the registration document which was registered from the UK Companies House, but that is not a big deal because anyone can easily register the company in UK Companies House by providing fake details. You can find out in detail how the companies are registered in the UK Companies House by clicking this link:- newsonlineincome.com/scam-companies-registered-from-uk-companies-house/
  3. Octoin is a Ponzi scheme because it claims to pay its members up to 1.11% profit daily for 150 days by investing the money of members in ICO companies, in cryptocurrency trading and mining businesses, to create its own cryptocurrency known as Octoin Coin and so on, but fails to provide the proof to support its claims. Actually, that is completely a bogus claim because, in reality, none of the real ICO or cryptocurrency mining companies like GM never can guarantee the fixed rate of return in fix period of time. If you don't know what is GM, then you can find out the details by clicking this link:- newsonlineincome.com/genesis-mining/
  4. If any company offers to pay up to 1.11% profit daily for 150 days on your investment, then that is 100% scam. None of the legit companies will offer you such high rate of return because legit companies can easily take a loan from a bank in less than 1% monthly rate whenever they need to raise the fund for their business. So, the legit company will not collect the investment from the several people by paying them 1.11% profit daily for 150 days.
  5. The Ponzi schemes like Octoin Limited only pay few members at starting by routing the money between the members in order to show the payment proofs so that they can lure more people into their scam and collect the huge amount of money and run away with that.
  6. Octoin also offers the referral commission up to 7 level referrals like MLM companies, but without selling any real products or services, just on the sales of its ROI plans which makes it another illegal scheme, known as a Pyramid scheme
  7. These kinds of business models are not a new thing. In the past 1000s of similar kinds of sites have already scammed millions of money from many people which once again proves Octoin is one of those scams. Legal authorities have already seized lots of similar kinds of companies. Involving with these kinds of companies is a crime and legal authorities have already issued the warning to the general public to stay away from these kinds of companies.

Aforementioned, now it is clear that Octoin is an illegal and unsustainable company. So, we have listed it within our Bad and Scams category.


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