Neworkoin Review – Legit NWK Tokens Or Big Scam? Find Out Here…

Welcome to my Neworkoin Review!

Have you already heard the buzz surrounding this new company?

Or is this the first time you’ve even seen its name?

Either way, you are most likely here because you want to know more about it, right?

Well, you’re in the right place!

In this review, I will go over the company’s background, products, compensation plan, and cost to join, so you can make the most informed choice of whether to join or not.

Let’s get started!

Neworkoin Review – The Company

Newworkoin review

Based out of Malta, Neworkoin works within the MLM cryptocurrency niche.

Leading the company is founder and President, Andor Viragh.

Viragh’s Facebook profile states that he launched Neworkoin in September 2018.

Before Neworkoin (back in 2014), Viragh was endorsing Enagic’s Kangen water filters.

Neworkoin Reviews – The Products

Neworkoin products

Neworkoin does not have any retail products or services to offer affiliates or retail customers.

Affiliates who sign up can only market the Neworkoin affiliate membership.

Other MLM Reviews:

The Neworkoin Compensation Plan

When Neworkoin affiliates join, they are required to invest in NWK virtual tokens.

Start – Invest €100 and receive 100 NWK tokens
Connect – Invest €250 and receive 250 NWK tokens
Partner – Invest €500 and receive 500 NWK tokens
Access – Invest €1000 and receive 1000 NWK tokens
Premium – Invest €3000 and receive 3000 NWK tokens
Builder – Invest €5000 and receive 5000 NWK tokens
Pro – Invest €10,000 and receive 10,000 NWK tokens

From what I can tell, it seems that the NWK token investment is “locked” for 52 weeks, after which affiliates are paid a return (supposedly coming from “profits of the company”).

In week 52 Neworkoin gives you privileged actions.

This means the opportunity to share in company profits.

Or in the alternative Neworkoin is committed to buy back (your tokens) at the purchase value.

I also found mentions of “preferred shares” and a “grant program” within the compensation, but no further details are given.

License Commissions

Every investment package includes e-commerce platform merchant licenses.

Start – 3 basic licenses (50% return)
Connect – 8 basic licenses (60% return)
Partner – 18 basic licenses (80% return)
Access – 40 basic licenses (100% return)
Premium – 15 basic licenses (125% return)
Builder – 22 basic licenses (150% return)
Pro – 30 basic licenses (200% return)

Returns come on the condition that all of the bundled e-commerce platform licenses are sold to merchants.

There are no more details provided about the licenses.

Recruitment Commissions (unilevel)

Recruitment commissions are tracked and paid through a unilevel compensation structure, which puts an affiliate at the top of a unilevel team that places every personally sponsored affiliate immediately under them on level 1.

When level 1 affiliates sponsor new affiliates, they are put on the 2nd level of the original affiliate’s unilevel team.

When level 2 affiliates sponsor new affiliates, they are put on the 3^rd level, and this continues on down as many levels as are needed.

Unilevel levels are capped by the company at five.

Affiliates receive their unilevel recruitment commissions as a percentage of the packages that affiliates have invested in across these 5 levels:

Level 1 (personally sponsored affiliates) – 5%
Level 2 – 2%
Levels 3 to 5 – 1%

Recruitment Commissions (binary)

Recruitment commissions are also tracked and paid through a binary compensation structure, which puts an affiliate at the top of a binary team that divides into a left and right side.

Level one of the binary team holds 2 positions and level two is made by dividing these first 2 positions into another 2 positions each, for a total of 4 positions.

Additional binary team levels are created as needed, with every new level holding twice as many positions as the level above it.

Binary team positions are filled through direct and indirect sponsorship of affiliates, with no limit as to how far the binary team can grow.

Affiliates receive their binary recruitment commissions as a percentage of the packages that are invested in by binary team affiliates.

Neworkoin counts up new investment volume on each side of the binary team at the end of every day.

Affiliates earn a percentage of the funds accumulated on the weaker side of their binary team.

The exact percentage amount that is paid out depends on how much a Neworkoin affiliate has invested:

Start package affiliates earn 5%
Connect package affiliates earn 6%
Partner package affiliates earn 7%
Access, Premium and Builder package affiliates earn 8%
Pro package affiliates earn 10%

Binary Bonus

Affiliates can earn the Neworkoin Binary Bonus twice, at 32 and 52 weeks after they invest.

At 32 weeks, the affiliate earns a bonus equal to what they’ve earned in residual binary commissions up to that point.

At 52 weeks, Premium package affiliates earn the 32-week bonus again.

Builder and Pro package affiliates earn 2x the 32-week bonus.

Cost to Join Neworkoin

The cost to join Neworkoin as an affiliate is €50 EUR.

Verdict on Neworkoin

Now does the Neworkoin scam exist?

So, what are we dealing with here?

Once you join, you are told to pay real money in exchange for tokens…

What’s the problem with that?

Well, these tokens hold no value outside of the company itself.

So, that means if the company were to go under, you would be left with a bunch of worthless tokens and a lost investment.

I couldn’t find any mention of an internal exchange, so it’s not clear if affiliates can even sell their tokens back or not.

The company also says that they pay their returns with “profits of the company”.

But where is this money coming from? There are no details given.

The truth is more likely that the company is using new investment and membership fees to pay out ROIs to existing affiliates.

So when new recruits stop signing up (and this almost always happens) new investment will also stop, and so will ROIs.

So, my advice here is to wait for another opportunity to come your way.

Thanks for reading my Neworkoin review! Feel free to leave a comment or question down below…

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