LipCoin Review: A cryptocurrency for the surfing community?

LipCoin provide no information on their website about who owns or runs the business.

The LipCoin website domain (“lipcoin.io”) was privately registered on November 10th, 2017.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

LipCoin Products

LipCoin has no retailable products or services, with affiliates only able to market LipCoin affiliate membership itself.

The LipCoin Compensation Plan

LipCoin affiliates buy pre-generated LPC points from the company’s owners.

LPC points are sold by LipCoin to affiliates for between 45 cents to 95 cents each.

LipCoin affiliates who purchase 400 or more LPC points receive a 50% bonus on points acquired.

purchase 400 LPC points and receive a 50% bonus for 1 month

purchase 800 LPC points and receive a 50% bonus for 2 month

purchase 1600 LPC points and receive a 50% bonus for 3 month

purchase 3200 LPC points and receive a 50% bonus for 4 month

purchase 6400 LPC points and receive a 50% bonus for 5 month

purchase 12,800 LPC points and receive a 50% bonus for 6 month

purchase 25,600 LPC points and receive a 50% bonus for 9 month

purchase 51,200 LPC points and receive a 50% bonus for 12 month

LipCoin pay affiliates referral commissions via a unilevel compensation structure.

A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):

If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.

If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.

Referral Commissions (LPC Points)

LipCoin affiliates are paid referral commissions on LPC points purchased down three levels of recruitment:

level 1 (personally recruited affiliates) – 10%

level 2 – 5%

level 3 – 2.5%

Note that the above commission rates are paid in LPC points.

Referral Commissions

LipCoin also pay referral commissions on funds invested by downline affiliates in bitcoin or ethereum.

buy 200 LPC points and receive a 5% referral commission on level 1 (personally recruited affiliates)

buy 400 LPC points and receive a 5% referral commission on level 1 and 5% on level 2

Joining LipCoin

LipCoin affiliate membership is tied to the purchase of at least 45 LPC points.

Conclusion

LipCoin bills itself as ‘
the first cryptocurrency for the surfers community!
‘

Why does the surfing community need its own cryptocurrency? No idea, and LipCoin don’t offer up any answers either.

LIPCOIN aims to promote activities of a recreational, cultural, sporting and tourist nature, powered by surfing and all other surfing disciplines, actively acting to promote a community of athletes.

As far as I can tell the whole surfing angle is smoke and mirrors to market yet another worthless altcoin ICO.

Amid a

🤖 Quick Answer

What is LipCoin and its primary focus?

Who manages LipCoin according to available information?
LipCoin provides no public disclosure regarding ownership or management on its website. The domain lipcoin.io was privately registered on November 10th, 2017, maintaining anonymity about the company's operators.

How does the LipCoin compensation structure work?
Affiliates purchase pre-generated LPC points priced between 45 and 95 cents each. Members acquiring 400 or more points receive a 50% bonus on their point purchases, creating a tiered incentive system.

What products or services does LipCoin offer to affiliates?
LipCoin

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