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Ukey Review- Is UKEY Points Initial Coin Offering Lending A Scam?

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Ukey ReviewUKey is much like any other business operating under the disguise of a cryptocurrency niche.

This opportunity, whose Pre-ICO and ICO started in quick succession, is hosted on the website that does not give any information whatsoever on the admin a sure sign of being a questionable.

Ukey Review-Crypto Currency

With the surging numbers of companies operating under the umbrella of cryptocurrency it is possible that some will seek ways to fleece people of their hard earned money. Cryptocurrency is a new concept and laws are yet to be made to govern them which is the reason why a number of new companies are quickly growing in this domain.

One of these companies is UKey Company that is claiming to be a global dealer of cryptocurrency. However, no one is yet to know who are the true owners. They have not given any information on the website regarding its founders.

In this Ukey Review I am going to confirm to you why Ukey should only be joined with extreme caution.

Ukey Review-About The Company

The ukey.io company domain is a privately registered domain on 3rd December last year (2017) meaning that the owner of the domain cannot be found. This being so the company is left with basically huge unfounded claims because of the lack of transparency.

On their website there is no evidence to support what they are claiming to offer. They only have the obvious which is their affiliate member recruitment program.

The affiliate program is free to join which is good. If you want to make money investing a requirement for joining their program is a minimum investment of $100 which only buys a member access to their referral commission on investing.

It is common sense knowledge that for a company to win the trust and confidence of its people it needs to be transparent. This being so, it is very clear that by being anonymous the owners want to avoid having tracks to lead back to them when the chicken comes home to roost.

Ukey Review-Compensation Plan and Structure

UKey’s compensation plan is based on points which they sell to affiliates in ranges of 0.30-1 $ and then returned to the platform for a sizeable monthly ROI.

Invest $100 to $1000 and receive a daily variable ROI for 240 days
Invest $1001 to $5000 and receive a daily variable ROI for 180 days
Invest $5001 to $10,000 and receive a daily variable ROI for 120 days
Invest $10,001 to $25,000 and receive a daily variable ROI for 90 days
Invest $25,001 to $250,000 and receive a daily variable ROI for 60 day

You can also earn money by referring new members to Ukey. In paying their referral commission they use a compensation structure that is unilevel. This structure is whereby affiliates are at the top with personal recruitments being placed directly below the person who recruited and compensation reaches the seventh level.

Ukey pays through seven levels in a unilevel compensation plan structure:
Level 1 (personally sponsored members) – 7%
level 2 – 4%
level 3 – 2%
levels 4 and 5 – 1.5%
levels 6 and 7 – 0.5%

Ukey Review-The Verdict

Following the information by Ukey admins in their website, they generate the ROI through the development of optimized investment plans by monitoring trends, risk assessment and creation of analysis prediction. All these are backed by no evidence whatsoever and there isn’t a way to know that there is even any trading that takes place. The only alternative means that there is for paying affiliates is through the fee charged in recruiting affiliates could be a sign of a Ponzi Scheme.

I can’t say it is a scam, but I am growing weary of the relatively large number of these type of so called affiliate investment programs. You may want to take a wait and see approach before joining and investing.

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Related Video: The Glut of ICOs – SCAM ICOs – ICO Reviews

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