Welcome to my ETH-X review.
If you’re big into cryptocurrency or more specifically Ethereum, then you probably came across ETH-X and are wanting to know more about it.
Well within my article I’ll be going over how this company’s compensation plan works, how much it cost to join, and tell you ultimately why you should be careful about this opportunity.
And I also want to congratulate you for taking the time out of your day to do some research, because that’s how you can avoid scams and find legitimate ways to earn an income online.
So with that said, let’s jump right into things here!
Quick Summary Of ETH-X
Price: 0.1 ETH ( $46.89 )
Rating: 0 out of 5
What Is ETH-X?
ETH-X is an MLM ( multi-level-marketing ) / investing company that claims you can generate money by investing Etherium into its platform.
Their website launched on October 1 of 2020 — and I could not find any information at the time of writing this review of who actually owns this company.
Never the less, this platform makes a bold claim that that they can double your fund’s thanks for their ETH Smart Contract platform.
However as you’re about to find out in a second, this is nothing but a lie and you should be very cautious when you find programs making hyped-up claims like this.
What Does ETH-X Sell?
ETH-X is not selling any type of product on their website but says that you can make a 1% daily profit if you invest Etherium into their platform.
Of course they give zero evidence of how this is possible or proof that anyone has actually made money with them.
And as I tell anyone who is interested in making money online, if an opportunity sound too good to be true then it probably is — and you should run away from it as fast as you can.
ETH-X Compensation Plan
ETH-X compensation plan is a pretty straight forward and simple one.
They say in order to make money you simply have to invest a minimum of 0.1 ETH ( $46.89 ) into their platform and you will automatically start generating a 1% daily profit.
ETH-X also gives you the opportunity to make money by recruiting people into their platform through a unilevel structure.
This means that anyone you personally recruit will be on your first level. Then when someone on your first level recruits someone these people will be on your 2nd level, and so on and so forth as seen here:
Now ETH-X only allows you to build a team 3 levels down, and the amount you can earn off their commissions is as follows…
- Level 1 = 5%
- Leve 2 = 3%
- Level 3 = 2%
How Much Does It Cost?
To join ETH-X, you have to pay a minimum amount of 0.1 ETH ( $46.89 ).
Of course you can invest more money than this if you want — and they say if you do that you will earn a lot more money and do so at a quicker rate.
What I Like About It
- I couldn’t find anything positive to say about this company
What I Don’t Like About It
- There’s no information about the CEO of this company
Whenever a company fails to disclose who their CEO is, this is a major red flag. Because 9 times out of 10 then means that the person is trying to hide because they are scamming people.
And even if this weren’t the case, would you really want to be part of something in which you had no clue who is operating it?
I know I sure wouldn’t.
- They offer no product or service
Also when I see a company claiming they can help you make a lot of money without selling any kind of product, then I get very worried.
Because if you think about it, how are they generating money to pay hundreds upon thousands of people each day?
Well companies like ETH-X here will say they make it with their advanced smart contract platform — but in reality, the only money they really earn is what gullible people give them.
- You’ll have to bother your friends and family
Since ETH-X is giving you the chance of making money by referring people to their company, this means if you do this you will be asking people that you know.
This includes your family, friends, neighbors, and so on.
Now the bad thing about this is not that you may be getting them involved in a scam — but that you can cause strain on your relationship with them.
And trust me you don’t want this because having gone through this myself it is not a good experience whatsoever.
- The chances of you earning a lot of money are slim
Whether you think ETH-X is legitimate or not, there is always a HIGH risk when you are investing your money into something.
Now companies like this want to make you believe that you’re guaranteed profits, but that simply isn’t true.
Because if it were, why would they market their company to the public when they could simply become millionaires themselves right?
Is ETH-X A Scam?
Having reviewed lots of companies like this in the past few months ( because they seem to be everywhere ) — I can say that ETH-X is definitely a scam.
They fail to tell you who their CEO is, they give no real evidence that their platform works, and there are zero testimonials of anyone actually profiting from this company.
So again you’re welcome to try this out if you want, but for these reasons alone I would recommend you stay far away from it and find a legit way of earning money online.
Is ETH-X A Ponzi Scheme?
ETH-X is in fact a Ponzi Scheme.
Similar to another company I reviewed called XOXO Network, they claim you can make a lot of money simply by investing Ethereum into their platform.
However what’s really going on behind the scenes is that this company is only generating money by people putting money into their system.
So what they do is pocket most of this money than whatever they have leftover they give to people who join this opportunity down the road.
Of course over time what will happen is once people stop investing in ETH-X, the company will simply go bankrupt and disappear since they can’t afford to pay everyone.
And to give you a better explanation as to why this company is a Ponzi Scheme, you can watch this short 2 minute video here:
My Final Thoughts
At the end of the day, ETH-X is another Ponzi Scheme out to steal your money and line the pockets of whoever created this company.
They offer no product, yet make the bold claim that you can double your funds if you simply invest cryptocurrency into their platform.
Again though this is nothing but a lie, and I highly urge you to steer clear of this opportunity at all costs.
Now with that said, if you are still looking for a way to make some extra money online I suggest you check out my favorite program called Wealthy Affiliate.
It teaches you how to earn an income online through affiliate marketing — which is where you sell other people’s products to make a commission.
And the cool thing about this model is that you can work from anywhere in the world, potentially make as much money as you want, and do all of this while you’re sleeping, eating, on vacation, or whatever!
So if this sounds like something you might be interested in, I’d recommend you click the button below to learn more about my #1 rated program online which is 100% free to join.
I hope you enjoyed my review about ETH-X and now understand why I do not recommend you join it.
If you have any questions though, leave a comment below and I’ll be happy to help you out.