Tycoon69 Review – Big Money Opportunity Or Is It A Scam?
Welcome to my Tycoon69 Review
In today’s economy, it’s necessary to find out if a business opportunity is legit or a scam.
Always do your due diligence before investing your time and money.
Which is why you are here, I’m sure.
You have heard about Tycoon69, and you need more information about this platform to know if it is right for you.
Make sure you read this post completely.
What is Tycoon69?
Tycoon69 is an online platform where you can earn through its compensation plans.
Tycoon69 is a multi-level marketing platform that operates in the cryptocurrency niche.
One of the things to check for before jumping on a business opportunity is to know the company owners or the people running the company.
The best place to get this information is on the company’s website.
Knowing who runs or owns the company makes the company transparent and also gives room to know more about the experience and background of the owner(s).
Sadly, we did not come across any information on the company owners.
However, we discovered some marketing clips showing someone that was presenting the material.
His name was not mentioned in the video, but we got to know his name as Steven Hostettler.
It’s likely Steven is the owner of this company, or he is the one running it.
This is just an assumption; we are not really sure.
But our claims are based on the video we saw where he was presenting marketing material belonging to the company.
It appears Tycoon69 is based out of Switzerland, according to the address we found on the foot area of the site.
That’s all the information we could get about this company.
The fact that there is very little available information on Tycoon69 is a definite red flag.
Also, the fact that this is a multi-level marketing company is concerning as well.
Read the next section to know the product Tycoon69 has to offer.
Tycoon69 Products
This section will cover the product or service offered by Tycoon69.
If you want to run a legit MLM company, then you need some sort of retail product or services to provide.
Tycon69, however, does not have any retail product or service.
This is another HUGE red flag.
Becoming an affiliate member on this platform will cost you $50.
This will give you access to a library of eBooks and compensation plans.
We could not find any further information about the products or services they offer.
Tycoon69 is similar to other opportunities I’ve reviewed on this blog:
Tycoon69 Compensation Plan
This section covers the compensation plan offered by the company and how you can earn as a member.
Tycoon59 promises its members ROI (Return On Investment) when they register and also refers people who will register as well.
You will have to purchase one of their investment packages to be able to make money through the compensation plan.
The minimum cost to begin on this platform is $50.
Regardless of the
The amount you will earn differs based on the level of investment you started with.
Referral Commissions And Ranks
This is another avenue to make more money outside the ROI promised by the company.
To earn referral commissions, you will have to refer people to join and also set up a strong team.
Earning more on an MLM compensation plan means you will have to increase your rank on the platform.
This is another HUGE red flag – when a network marketing company seems to rely more on new people signing up than actual retail sales for their revenue.
Tycoon69 has different ranks (15 ranks in total) members on the platform can reach to qualify for the compensation plan.
The lowest rank on the platform is “Coin Trainee,” and the highest rank on the platform is the “Coin Tycoon.”
Earning a higher rank requires the following:
- having a total combined investment amount at the end of the month that all your downlines make
- maintaining a particular number of active personally referred affiliates that will also reach certain ranks on the platform.
You will make more money on residual earnings when you enter a higher rank.
Residual Commissions And Registration Costs
You receive residual commissions on the platform based on the amount of investment made by your total down line at the end of the month.
This commission is paid through a Multi-Level Marketing uni-level compensation plan.
To help you understand how the uni-level compensation plan works, see the description below:
- Level one: The 1st level of your
uni-level compensation plan will cover members personally sponsored by you. - Second level: this level will have members sponsored by your level 1 members.
- Level three: Members in this plan are those personally sponsored by members in level 2.
The same goes for levels 4, 5, and so on. Each member personally sponsored by you is equivalent to one leg.
The higher your ranking on the platform, the more “levels” of earnings you will get.
Having a higher rank will also increase the percentage of your earnings from all levels.
Qualifications are dependent on your rank to go higher in the compensation plan.
There are six levels that members on the platform can make money from in the uni level residual compensation plan.
The lowest amount to join this platform is 50 EUR. The platform, however, has different levels you can join that cost between 50 EUR to one million EUR.
Is Tycoon69 Legit Or A Scam?
Is Tycoon69 a legit platform or a scam?
This is the main reason why you are here. You want to know if this platform is legit so you can give it a try.
From what I have discovered during my research on Tycoon60, I feel this business opportunity is nothing but a scam.
I feel it is not a legit platform because they do not offer any retail products or services, even though they claim to use the MLM business model.
Technically, Tycoon60 would be a Ponzi scheme.
Tycoon69 is not in compliance with FTC laws.
They do not have any retail product or service for sale, and they are operating an MLM business model that offers multiple levels of earning.
When a network marketing company does this, they are in dangerous territory.
Tycoon69 Update 2022
It never fails that businesses that are operating below the surface of the law always become obsolete.
As of the update of this blog post, the URL for Tycoon69 is not working, which means the platform is dead and gone.
Platforms like Tycoon69 prove without a doubt what I’ve been saying for years:
If you want to make money online the best way to do it is to learn how to build your own business.
My Recommendation Is…
Because of the red flags pointed out about this company, I would not recommend it to anyone.
I have to say that in my opinion Tycoon 69 is a SCAM.
Some red flags are too important to ignore, especially when there is a lot of money involved.
Stay away, far away from Tycoon69.
So if you are thinking about giving this business opportunity a try, kill that thought.
You don’t need it, and there are other legit platforms you can join to make money.
What you need to do is build your own business with the help of Wealthy Affiliate.
Wealthy Affiliate has actually made the process of building an online business as easy as it can get.
Unfortunately, as long as you keep making excuses that prevent you from getting started, you will never get to build your own online business.
Make no mistake, results aren’t typical. There is work involved.
However, it’s easy in that with Wealthy Affiliate, everything is already laid out for you!
All you have to do is FOLLOW DIRECTIONS.
Check out the testimonials of ordinary people who’ve used the Wealthy Affiliate platform to make extraordinary incomes:
Thank you for reading this Tycoon69 review; I really hope it was informative.
We would appreciate it if you share the information in this post with others, so they don’t fall victim to this worthless SCAM.
Hit the social share links on this post to share.
Make sure you ALWAYS do your research before jumping on any money-making opportunity you come across.
Talk Soon,
Howard
