CyberChain Review – How To Withdraw From CyberChain: CyberChain is an MLM company that you can join and make money by recruiting new members and building a downline team. The company uses the TRON wallet to pay out commissions and uses the Matrix cycler compensation plan structure to do that.
After taking a look at the company website I was unable to find any information about who owns CyberChain. The company website is a 1-pager that offers no information other than to join, but you will still have to use a TRON wallet to do so. After taking a look at the domain name to try to find more information, here is what I found:
1. The domain name “cyberchain.cc” was registered on 8-11-2020
2. The owner listed is SWISSCOIN with an address in Sweden
When looking into the SWISSCOIN name, I found out that they registered multiple domain names under that name.
Now, I can’t confirm this information but SwissCoin was a company that launched back in 2016 that didn’t last that long and was a similar structure to what CyberChain is. Now, Andreas Kartrud was the owner of that company, so chances are that he is the owner of CyberChain too.
However, I couldn’t verify this information so I could be wrong. Now, before CyberChain, there is a company that is called TronChain that isn’t doing too good, and before TronChain, EtherChain. Those companies are said to be also owned by Andreas with having the top spots.
In this section of my review, I am going to cover the products that CyberChain offers. After looking at the one-page company website with little information that is on there, I could not find any products or services that CyberChain offers.
One of the things that they must not know but is an MLM regulation is that all MLM companies need to offer retail products or services to be legal. It’s not good that they don’t offer any products of any kind that I can see other than joining the CyberChain opportunity that you can make money with.
How Does The CyberChain Compensation Plan Work?
In this section of my review, I am going to cover how the CyberChain compensation plan works and how you can make money with it. The way that you can make money with the CyberChain compensation plan is by recruiting new members through your affiliate link. You will have to download the TRON wallet and then gift 100 TRON to your inviting member to join.
This will allow you to participate in the first Matrix cycling board which pays out 600 TRON. You MUST fill up the board completely to “cycle” a commission and not before. The commissions are paid and tracked using the TRON blockchain so it doesn’t go through the company necessarily. There is a total of 12 positions that need to be filled in each Matrix tier.
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Is CyberChain BBB Accredited?
After taking a look around the BBB website, I was not able to find a listing or accreditation on the CyberChain company. Not having a listing or accreditation on the BBB does not make a company a scam, it just means that a company is not listed.
What’s The Cost To Join CyberChain?
To join CyberChain and earn money with them will require a 100 TRX investment which you will have to make through your TRON wallet. You do have the option to purchase more than one position in more matrix tiers when you start if you decide.
If you purchase all of the matrix tiers available, the cost will be 2,335,900 TRX which I haven’t heard anyone of doing. The typical way that people purchase positions is when they earn commissions from the previous Matrix tiers to put toward the higher paying tiers.
Is CyberChain A Scam?
I do think there are some serious issues with their business model. The first thing that I can see is the lack of any products or services offered for your investment. The only thing that you can do is join the opportunity to earn money. The other thing I can see is the lack of transparency, I had to look around the internet to find out about “who I believe” is the creator of CyberChain.
There was no information on the company website about the owner or CEO which is suspicious. Just know the risks and know that there is a high percentage that CyberChain won’t last long.
In the final section of my review, I am going to share my final thoughts and recommendation about the CyberChain opportunity. I have taken the time to research and review the information about the company, the products, and the compensation plan. I have also shared my concerns about if I think if CyberChain is a scam or not. At this point, you should know what CyberChain is, how it works, and what they offer.
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Would I Recommend Joining CyberChain?
You now have all of the information that you will need to make an educated decision on whether or not CyberChain is right for you or not. If you were to ask me if I would join, I would have to say no due to the issues that I listed above.
With that said, I hope you enjoyed my CyberChain review. If you found my review helpful, please click on the social share buttons below to share it with others so that people can learn more about what CyberChain is and how it works.