Hey there, thanks for stopping by to read my NovaTech Review!
This is a fairly new company and a few people in the crypto space approached me with the opportunity.
I told them it’s very rare for me to join a startup but I’d have no problem giving a review.
So today I’ll be going over the company, products (if any exist) and the NovaTech compensation plan.
You ready to get the most in depth review on the net? Let’s Go!
First lets talk about the NovaTech website and what we found.
There is no information about who owns or runs NovaTech.
NovaTech LTD is listed as the owner and it appears to be located in Vatican City (Most likely a bogus incomplete address).
I’ve mentioned before this is personal preference some people don’t care.
In my own personal opinion companies that aren’t completely transparent are usually hiding themselves for a reason.
What I can tell you is their website “novatechfx.io” was registered June 17th, 2019.
NovaTech claims they are registered for business in the USA, British Virgin Island and Estonia from what it looks like.
The website itself is mostly incomplete beside a blog “what is a trading bot” posted on July 19, 2019.
NovaTech Products – Do They Exist?
Quick answer to that is a big no.
My guess is there will never be a real product or service but you’ll have to check back to see.
You can sign up as an affiliate and market the affiliate membership itself.
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NovaTech’s Compensation Plan
As of right now NovaTech is very vague on how much of an ROI an affiliate can earn.
We do know there are five levels an affiliate can invest into.
NovaTech does talk about VIP members earning an additional 1% per month but that’s going to cost $25k or more for that perk.
Here they are:
Withdrawal fees for investment tiers:
NovaTech Affiliate Ranks – Five Total
One thing I do want to mention.
Up to the Executive level no more then 50% of required downline investment volume can come from any one unilevel leg.
As a Senior, Director or Ambassador it drops to 40%.
NovaTech pays out commissions for bringing in new people.
They also have a fast start bonus in place.
Here is what you can earn for recruiting:
Fast start bonus is extra.
As an affiliate if you recruit three Bronze within 45 days you earn an extra $100 in fast start bonus.
As an affiliate if you recruit five Silver within 45 days you earn and extra $200 in fast start bonus.
ROI Matching Bonus
The matching bonus pays out on a unilevel structure.
Unilevel is pretty easy to understand.
You sponsor as many people as you like and they are placed on your first level.
If any of your first level member sponsor someone they would fall on your second level.
This process duplicates downward.
The ROI Match Bonus pays out on a total of five levels.
Here are the payout percentages:
NovaTech Rank Bonus
For affiliate achieving the Junior Exec level and higher they can get even more bonuses.
NovaTech Profit Sharing
The company claims they are going to take 10% of company-wide investment volume and place it into three separate profit sharing pools.
If you are Senior Exec or higher you can take part in this profit sharing.
Here are the payout percentages:
NOTE: The profit sharing is paid out quarterly (4 times per year).
Cost To Join NovaTech
NovaTech is a bit pricy to join and get going.
Members have to pay a $35 dollar monthly fee and it’s a $500 minimum investment.
VIP tier investments ($25k and higher) come with an initial $250 fee.
From what I can tell NovaTech will have a $250 annual fee for all members payable after the first full year.
NovaTech Legit or Scam
With this company it’s very early.
That being said I’ll be the first to say there are most definitely red flags with NovaTech.
For one they talk about a “trading bot” but I’m still waiting for ONE of these companies to deliver on that promise.
Without proof or some sort of evidence I have zero belief in any company that talks about an ROI or these profit producing bots.
So far all crypto mlm roi bot companies are batting 100% in the scam department.
It’s sucks I have to say that but it’s my job to be transparent.
NovaTech supposedly is trading in Forex and Crypto which is really cool.
I’m a huge fan of both Forex and Crypto BUT how exactly are they making profit in them?
From what I can see at this moment in time NovaTech is using newly invested funds to pay off existing investors.
That is a Ponzi.
Now I don’t want to be that guy calling out scam but right now it’s not looking good.
It’s early and just maybe NovaTech is going to deliver on some super bot or trading system that’s going to earn millions in profit.
But I won’t believe it until I see proof of this and until then it’s looking like a classic Ponzi.
While I can’t speak for the British Virgin Island and Estonia what I can tell you with confidence and state it as a fact.
NovaTech is not registered with the SEC.
Basically they are selling a security and means they would be operating illegally in the USA.
By mere coincidence it is funny there is actually a NovaTech registered with the SEC but that is a company selling cleaning products.
I’m fairly certain that is not the NovaTech we are talking about here.
As far as Estonia goes it’s quite possible they are registered some place in that country.
They aren’t known for cracking down on MLM companies.
People love running VPNs out of Estonia because basically nothing gets shut down there.
Guess what I’m trying to say even if they were registered in BVI or Estonia it’s not saying much and gives very little credibility if any.
For now I’m just going to say this.
Be careful if you plan on joining NovaTech.
Companies like NovaTech come with a lot of risk and you can lose your money easily.
Most if not all companies that operate like NovaTech purely make money off of recruiting.
When the hype goes away and the recruitment stops the company will eventually collapse and disappear with your investment.
Hope you enjoy my NovaTech Review if you have any comments, questions or concerns feel free to leave in the comment section below.
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