Today I would be giving my undiluted review about an investment opportunity in the name of Qatar Coin.
This opportunity has been making its rounds on the internet since it was launched in December 2017 and it has been getting more and more popular because of the incentives and returns it claims to offer.
So at the end of this review, we should be able to answer questions like, is Qatar coin a scam or a perfect investment opportunity, is my making money on Qatar coin platform sustainable, who is the founder of Qatar coin, what products are they representing and lots more.
What is Qatar Coin
According to what’s written on their official website, “Qatar coin is a community-driven decentralized cryptocurrency that allows people to store and invest their wealth in cryptocurrency and even earn a substantial when investing”.
The description on the website is plagued by series of wrong spellings and incomplete words and sentences, a red flag we all should take note of. There is no detail whatsoever on the website about who the founders are, the domain name (qatarcoin(.)co) was registered on November 19, 2017, and that is pretty much all the details available to the public so it is impossible to determine where it took place and who it was registered to.
Who does Qatar Coin represent
There are no product details as regards what they have to offer other than investors buying QTC points and lending(giving back) them to Qatar coin itself in return for daily profits. This is a photocopy of what we have seen in times past in the case of Bitconnect and Davor coin where new investors lost all their funds. There are undoubtedly income opportunities in an MLM setup but investors should take note when the company has no accompanying product line.
Making money on Qatar Coin
Once you are interested in joining Qatar coin, you’ll need to purchase QTC points from the company via their ICO platform, lending would commence after the ICO sales have ended and then you will lend the QTC points back to QatarCoin.
- You can invest Qatar Coin in their platform from your dashboard; this investment option involves profiting from the Qatar coin volatility software which works by basically buying Qatar coins, giving it back and expecting daily returns.
The minimum amount you can reinvest in their lending platform is $10 and in multiples of $10 i.e $10, $20, $30, $40, $50 etc and interest is credited automatically every 24 hours.
Upon completion of your lending contract, you will receive USD instead of QTC points in your lending wallet.
QatarCoin have few different investment levels that investors can choose from, and these work out as follows:
3. QatarCoin affiliates can also earn from the ongoing crowdsale of the QTC coins. QatarCoin affiliates also have the opportunity to earn on referral commissions. Referral commissions come when you invite a friend to sign up and he or she invests, you would be paid a certain percentage of the person’s investments and it is divided into five levels, at level 1 you earn 8% which is your direct referral and down to 0.5% for your level 5 downlines.
when you invite a friend to buy the QTC points, you earn 5% of their purchase.
The ongoing ICO crowdsale is to the tune of 6,500,000 QTC coins. Round 1,2,3,4,5 and 6 would go for $0.10, $0.20, $0.30, $0.45, $0.60 and $1.00 respectively so the earlier you make a purchase the better.
Conclusion on Qatar Coin
We have seen BitConnect and DavorCoin commandeer two of the most popular ICO Ponzi schemes in history, and QatarCoin seems to be another opportunity trying to do the same thing we have already seen from them.
The QTC points being offered have no real value outside of the QatarCoin system, and while QatarCoin claims to have volatility software that buys and sells coins automatically, there’s no evidence that these things really exist.
As a matter of fact, the only source of revenue for QatarCoin is that of affiliate investments.
When new members join, the money they invest is used to pay ROIs owed to existing investors. That is typical of many Ponzi schemes, as it’ll see most new affiliates losing out while the older members zoom off with the lion’s share of what’s invested.
So anyone partaking in this opportunity should do his or her own due diligence and be prepared for the worst in the long term, have a marketing plan so as to make the most out of the system, having said this we should all note that this isn’t an investment advice and should not be taken as one.
I hope this review is comprehensive and understandable to all, for anything that you don’t understand or having issues with be sure to drop a comment in the below section.
If you are interested in learning how to trade cryptocurrencies, I suggest you read: Crypto trading – How to win Every Trade