Relicoin Bid: A Worthless Token Scam Hidden Behind Nonsense Math
A shadowy operation called Relicoin Bid is peddling fake cryptocurrency tokens to recruits across India, paying commissions based on how much money new members throw in. The scheme has all the hallmarks of a classic pyramid: no real products, phantom ownership, and a compensation plan so convoluted it might be intentional.
The company operates from a website registered in December 2017 under the domain "realcoinearn.online." A man named Raghav Singh supposedly owns it, though the address listed in Madhya Pradesh, India is incomplete. No one can verify Singh exists or has any connection to Relicoin Bid. The website offers zero transparency about who actually runs the operation.
That should be the first warning sign. When an MLM refuses to name its owners and operators, don't hand over money.
Relicoin Bid has no products to sell. No services. Nothing. Affiliates can only recruit other affiliates and push membership. The only thing changing hands is cash for worthless "Relicoin points"—tokens the company itself invented and assigned arbitrary values to.
The compensation structure is deliberately obtuse. The company claims it pays commissions based on "Rank BID," which supposedly averages the investments of your recruits. Their own example proves they can't do basic math. They claim five referrals investing 10, 15, 50, 5, and 30 rupees, plus your 2 rupees, equals a rank of 57. The actual total is 112 rupees. Even their broken math doesn't work.
Deeper down the structure, Relicoin pays what it calls residual commissions through seven levels, but only starting at level seven. You get 5% from level seven, 3% from level eight, and 2% from level nine—all pulled from what your downline recruits invested.
This is the core scam: money flows upward through recruitment, not from selling anything real. Each new wave of recruits funds commissions for those above them.
The company dangles weekly returns of 9.3% to 11.3%, claiming these are ROIs on Relicoin points. They provide no explanation for where those returns come from. The implication is clear—the inflated internal prices they assign to their fake tokens create the illusion of gains. When the recruitment dries up, those "gains" vanish.
Relicoin Bid collects a minimum investment of 150 rupees (about $2) from each recruit. Pocket change individually, but multiply that across hundreds or thousands of trapped affiliates, and the operators have quietly siphoned real money out of people's accounts in exchange for digital nothing.
The company's own pitch reveals the con: "Our token name is Relicoin and we are ready for ICO release but before ICO we offer our investor to earn high prof." Translation: We haven't actually launched anything. We're taking your money now and promising you'll get rich before an ICO that may never happen.
This is a Ponzi scheme with a cryptocurrency wrapper. Strip away the confusing math and token language, and what remains is straightforward fraud. New money pays old money. When it stops, everyone below the operators loses.
🤖 Quick Answer
What is Relicoin Bid and how does it operate?Relicoin Bid is a cryptocurrency scheme operating through the domain "realcoinearn.online" since December 2017, allegedly owned by Raghav Singh. It distributes tokens to recruits primarily in India while offering commissions based on new member investments, exhibiting characteristics of pyramid structures with undisclosed ownership and complex compensation mechanisms.
What are the primary red flags associated with Relicoin Bid?
Key warning indicators include absence of legitimate products, phantom ownership structure, unverifiable operator identity, incomplete business registration details, zero operational transparency, and compensation plans based on recruitment rather than tangible asset value or services rendered.
What regulatory concerns does Relicoin Bid present?
The scheme demonstrates typical illegal multi-level marketing patterns: recruitment-driven revenue model, absence of regulatory oversight, undisclosed financial operations, and potential fraud
🔗 Related Articles
- Rich Net Global Review: 2.5% a day crypto Ponzi
- BitClub Network Review: Zeek Ponzi veterans at it again…
- OmegaPro victim vigilantes in France sentenced to prison
- PayOfRewards Review: Zeek Ponzi Points clone
- MoneyTime Review: “Profit sharing” digi library Ponzi scheme