BinaryCoin Review - Cryptocurrency; Binary Options Bitcoin MLM Plan

BinaryCoin – Cryptocurrency & Binary Options Bitcoin MLM Plan?
BinaryCoin claims to be a new decentralized cryptocurrency that’s meant to "unite binary options investors" together in a universal currency. However, the truth is that BinaryCoin looks to be nothing more than a high-yield investment program (HYIP) dressed up through yet another altcoin ICO.
What Is BinaryCoin?
There’s almost no information on the company behind BinaryCoin , other than it is an outgrowth of an older, similar company known as OPBinary. Visiting the OPBinary website yields no information besides a forced redirect to BinaryCoin, and the registration information for both companies yield nothing but their inception dates – OPBinary in January of 2017 and BinaryCoin in October of 2017.
In other words, there’s no real information as to who’s actually running BinaryCoin. While we understand the concept of a decentralized platform, especially when it comes to cryptocurrencies, these platforms are also supposed to be transparent – and without any of this transparency it’s already looking like BinaryCoin is a bad idea investment-wise.
BinaryCoin Product.
BinaryCoin takes the run-of-the-mill HYIP and goes one further, allowing individuals to invest by purchasing quantities of BinaryCoin and then "lending" them back to the company for a set ROI over a period of either 30, 60, or 90 days.
Investors first must purchase a set quantity of BinaryCoin – available only through direct sales in Bitcoin – and can then make investments along the four following investment tiers:
Trader: $500-$1000 investment, 30%/65%/105% ROI over 30/60/90 days respectively Amateur: $1001-$2500 investment, 35%/75%/115% ROI over 30/60/90 days respectively Professional: $2501-$5000 investment, 40%/85%/125% ROI over 30/60/90 days respectively Master: $5001-$10,000 investment, 45%/95%/135% ROI over 30/60/90 days respectively.
The current price of a single BinaryCoin, as of this writing, is $0.65.
BinaryCoin Opportunity.
In addition to the direct investment opportunity, BinaryCoin also rewards investors who promote the product to others. Using a straight commission-based approach, sponsors can earn anywhere from 5% to 20% on investment of direct recruits, based on how much they have invested personally in the program:
BRC Ambassador: 5% commissions, requires purchasing 100-1000 BinaryCoins Bronze Ambassador: 10% commissions, requires purchasing 1001-2500 BinaryCoins Silver Ambassador: 15% commissions, requires purchasing 2501-5000 BinaryCoins Gold Ambassador: 20% commissions, requires purchasing more than 5000 BinaryCoins.
BinaryCoin Verdict.
BinaryCoin fails just about every cryptocurrency and investment logic test out there. As a cryptocurrency it’s completely opaque, is not currently tradable on any major exchange, and is only accessible directly from the company because it’s been pre-mined. Secondly, as an investment, BinaryCoin provides no information on how purchasing BinaryCoin and then "lending" it back to the company is supposed to provide a steady ROI.
BinaryCoin will likely hype itself up to inflate the value of its coin to as high as possible while paying out on their guaranteed ROI in their proprietary digital currency. Then, price manipulation will drop the bottom out of the market so that everyone is left with piles and piles of worthless altcoins. The company, meanwhile, walks off with all the Bitcoin you – and any other investor – used to buy into this scam.