iPRO Network (or “iPRO” for short) is a company that provides investment opportunities through its “Pro coin” digital currency. Members purchase Pro coin with fiat currency and recruit others to do the same in order to earn a commission.
What Is iPRO Network?
iPRO’s CEO, according to its website, is one Armando Contreras. The site claims that Contreras has more than 15 years of experience in managing businesses, yet this claim has been difficult to verify as there seems to be little information on Contreras outside of the iPRO environment.
iPRO Network’s “Project Commerce” division, which is tasked with finding retailers to partner with and accept Pro coin at checkout, is headed by a Carlos Contreras.
Sharing a last name with the CEO could indicate the two are related, but again no information is available on either Contreras outside of the iPRO website.
iPRO Network Product
There aren’t any products you can sell or buy when it comes to iPRO. The site claims to have plans to create a network of retailers that will accept the Pro coin cryptocurrency at checkout, but until that occurs the only activity is investing in Pro coin – and recruiting others to do the same.
iPRO Network Opportunity
- It costs $50 to become an iPRO Network member. Once you do so, you can then avail yourself of the opportunity to invest in one of several Pro coin investment packages. The different investment tiers are as follows:
- Basic – $100
- Intermediate – $500
- Accelerated – $1500
- Advanced – $2500
- Professional – $5500
Investing provides an undisclosed amount of Pro coin in return. The digital currency is not currently available on trade exchanges, but iPRO claims that it will be initially available for 2.5 cents each once Pro coin goes live.
In addition to investment in the cryptocurrency, members can also earn 10% commissions on new referrals. 70% of these commissions are paid in cash, with the remainder being awarded as Pro coin.
Residual commissions are also available through a binary compensation scheme. Every week, investment volume from the weaker of the two binary legs is tallied up; affiliates receive a 10% commission on this volume, up to a certain point.
The amount is capped at different values according to an affiliate’s membership level.
iPRO also offers matching bonuses on recruitment activity, starting at 10% for direct recruits. This bonus goes four levels deep, increasing to 20% and level three and with an undisclosed bonus for level four. Access to lower levels of matching bonuses require deeper membership levels.
The final piece of the puzzle is the “leadership rank bonus” system for iPRO affiliates. A rank-based bonus sees affiliates able to earn up to seven different ranks of rewards, ranging from monetary rewards to increased commission percentages.
There’s no information available on how affiliates can earn these different ranks.
iPRO Network Verdict
iPRO has a solid MLM recruitment and compensation scheme, but that’s pretty much all it has. The entire operation relies heavily on this recruitment and little else.
Investing in cryptocurrency can be a lucrative business, but that’s only for mainstream digital currencies that are publicly traded.
Pro coin isn’t, and that means it intrinsically has no value outside of its closed environment – investors are essentially trading real money for currently worthless digital tokens.
That’s not all, though. They’re also encouraging others to invest in these worthless digital tokens in order to earn a commission, paid out partly in these same tokens.
Meanwhile iPRO promises that it will have a robust digital marketplace where investors can use their Pro coin to purchase goods and services.
This hasn’t materialized yet – and if it does, it will likely take the form of affiliates paying iPRO with Pro coin and then the company purchasing items on behalf of the affiliate with fiat currency. That’s not really how digital currencies are supposed to work.
Yet people investing in Pro coin aren’t looking for a way to make a killing on the crypto exchanges once the currency goes live. Crossing your fingers for a “pump and dump” scenario to make your ROI for an altcoin that will never go live is a lousy investment.
It’s unlikely that investing in the iPRO Network or its worthless Pro coin is going to anywhere. The only thing you’re doing is putting money in the pockets of Armando and Carlos Contreras, if they are real people.
No comments:
Post a Comment