Welcome to my Prance Gold Holdings review
I will be honest about my findings in this post. Prance Gold Holdings is a network marketing company in the crypto niche that promises huge returns on investment.
Is Prance Gold Holdings a scam? Should I invest or join? Can you make money with this company?
All the answers you need are in this brief post, so read carefully.
Once you are done reading, you can tell if this platform is legit or a scam.
Prance Gold Holdings – Facts About The Company
Prance Gold Holdings is a network marketing company that deals with cryptocurrency; the platform was created by Andre Gerald.
I searched for the name of the founder on the internet and social media platforms, and I got nothing.
It’s a mystery to me why a name that does not exist was listed as the founder and CEO unless this could be another crypto scam.
I noticed that Andre Gerald has an American accent while its COO, Jacob Coulsen, has a British accent.
The video quality was 360p; it appears that a cell phone was used to record the video.
Another red flag is the hard-coded Chinese subtitles in the video. I feel the true owners of this platform are in Asia.
The platform has two different websites: prancegoldholdings.com, registered on 05/2019, and prance.gold, registered on 02/2020.
Their site defaults to Japanese, so it’s possible that Japanese visitors are their primary target.
From what I discovered, 90% of the site’s traffic is from Japan.
Prance Gold does have an incorporation certificate for Prance Gold Holdings Limited in Seychelles Island.
Despite the incorporation certificate, there are a number of unanswered questions about this company.
Products Offered And Compensation Plan
The platform only promotes its affiliate membership; they do not have any retail product or service to offer.
You need to be careful with MLM companies with no retail product or service to offer.
Affiliates on the platform are promised ROI (Return On Investment) between 300% and 600% when they invest between $1000 to $30,000 or more in USD, bitcoin, or tether.
You will receive 0.9% of your investment every day. There is also a deposit fee of 10%.
Although they accept US dollars for investment, the platform only pays return and commissions in tether (this token is a controversial cryptocurrency).
Prance Gold will charge a fee of 5% if an affiliate decides to wait three days to make withdrawals.
They also charge a 3% fee if an affiliate chooses to wait for eight days to withdraw his/her earnings.
Residual Commissions
Prance Gold Holdings pays commissions to affiliates through a uni-level compensation plan.
Here, an affiliate is placed at the top of the team, and anybody they personally recruit is placed under them on level 1.
New affiliates sponsored by level 1 affiliates are placed on level 2 of the original affiliate’s team.
The same goes for affiliates in level 3 (recruited by level 2 affiliates), and so on.
The platform caps payable levels in this uni-level team at 25.
To receive residual commissions, sponsored affiliates must invest.
The rate you get for residual commissions across the 25 levels will depend on how much was invested.
Monthly New Market Bonus
Affiliates are rewarded in this business for producing downline investments.
You can earn between $1200 to $75000 in commissions if you can produce “down line legs” between $10000 and $1000000 in “new down line investment.”
This bonus resets each month.
Prance Gold Rank Rewards And Registration Costs
The compensation plan offered by this platform has five ranks.
You can receive between 2% and 10% as an ROI bonus if you produce 3 uni-level team legs with $30000 investment volume for each leg.
Becoming an affiliate member is free.
However, you will have to invest at least $1000 in USD, tether, or bitcoin to partake in the passive income opportunity offered by Prance Gold.
When You Look At The Evidence This Is A Crypto Scam
Like I said earlier, I will be unbiased in this Prance Gold Holdings review.
I don’t want anyone falling victim to a scam platform.
I am certain actors were used in the video to act as the CEO and COO of Prance Gold Holdings.
The reason I’m convinced that actors were used in the sales video is I searched their names on the internet and discovered nothing.
They also offer 600% returns, which means they deal in securities; thus, they must be registered with relevant bodies or organizations.
I did not come across any real registration, which is critical if the business is legit.
Frankly, do not fall for the incorporation certificate; it means nothing, especially if it comes from a foreign country.
Information from other sources claims this company runs its activities from Singapore.
To me, Prance Gold Holdings is another scam and Ponzi scheme.
The only money circulating is investments from new affiliates. If you don’t want to lose your money, do not invest.
When a company like Prance Gold Holdings offers no retail products to the public and the only money coming into the business is from new affiliates joining, this is a Ponzi scheme.
My experience tells me everything about Prance Gold Holdings is shady and false; I do not recommend this platform.
Prance Gold Holdings is similar to other scam cryptocurrency MLMs I’ve reviewed on this blog such as:
Is There A Better Option?
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