Tycoon 69: Fake or Fancy MLM Crypto ICO Network with BCB4U Token and MCV Points

Tycoon69, a business supposedly in Switzerland, is a cryptocurrency MLM business. If you’re circumspect, consider the following.

There is no clear pointer to the owner(s) of the business. Nowhere online (even on their website) can you find a reason to trust the ownership of the company. One thing to note is that if a company (especially one in MLM) is not very public or open about the ownership and the key players, it’s probably a scam.

Tycoon69 Products

They Tycoon69 website explains that they work with product partners directly and only partner with the best of them. However, there are no real products or services that can be connected to the company. The affiliate membership simply gives access to a subscription for personal coaching and an eBook library but that’s about where it ends. No products. No services.

Plans

Affiliates who want to invest are to do so by purchasing MCV points with the company. There are ten different plans – from Basic all the way to Investor II with points ranging from 104 to 128,383. When you invest, you are to expect some passive returns. However, MCV points only exist on the Tycoon69 platform and are not able to be traded publicly. Also, commissions are only paid when affiliates you recruit also invest in MCV points.

Affiliate Ranks

There are fifteen different affiliate ranks from the Coin Trainee all the way to the Coin Tycoon. Each of these ranks has different criteria for qualification with different monetary implications.

Commissions

Just like other MLM schemes, commissions are calculated based on a compensation method in which personally recruited affiliates are placed in different levels under the recruiter. There is also a $1 million bonus promised to affiliates who generate a certain amount of money at a certain amount of time. It is important to note that this is the only part of the whole plan that is not in euros. Affiliates are also told that MCV tokens are equal to BCB4U coins which refer to a cryptocurrency that doesn’t yet exist and never might.

Conclusion

Tycoon69 is a fraud with the modus operandi of a regular Ponzi scheme. It is not advisable to invest anything here at all.