To raise capital for necessary mining equipment, Ormeus Coin held an ICO. They plan to invest in other mining equipment with the funds. They also state that their company stands behind each coin.
In this review, we will talk about Ormeus Coin, its creator, and its affiliate program.
This Ormeus Coin Review has been thoroughly researched with information and testimonials that are available online to anyone in the public. Any conclusions drawn by myself are opinions.
Table of Contents
Pros: What I Liked
Could grow with time
Has some backing
Cons: What I Didn't Like
Owners are facing lawsuits
Chances are you heard about Ormeus Coin because someone – a friend or family member – introduced you to the company. Maybe you attended an online workshop or webinar, or maybe an in-person information session.
Your head’s probably spinning. This might be the first time you’ve heard about a real way to make money outside of a typical job.
So first off, congratulations!
You’ve just entered a whole new world…the world of making money on your own terms.
However, you came in through the wrong door.
Because Ormeus Coin is – plain and simple – an MLM. Throw whatever fancy name you want on it…multi-level marketing (MLM), network marketing (NWM), direct sales, or anything else, it’s the same concept:
You pay some money upfront for the “opportunity” to sell products.
The products are typically low-quality but with high price tags (because fancy labels and stuff).
You’re told that the key to building your own successful business is selling these products to friends and family, and getting them on a subscription (so you get “monthly recurring revenue”).
Unfortunately, like most people who get taken in by these types of schemes, you’ll quickly discover that the well runs dry faster than you imagined.
After all, they make it sound really simple. “Just get 5 people you know onto this magic widget, and things will just grow from there.”
And in your head, you think “How hard can it be? I know plenty of people, 5 will be easy.”
But then you do it, and you realize people look at you like you’ve joined a cult. You’ve become “that person”, who joined an MLM, and is now trying to sell questionable products or services to everyone they meet.
It puts a strain on your relationships, and you end up stuck between two worlds.
But it’s not your fault. These companies spend millions of dollars each year figuring out exactly how to brainwash and recruit people. And that’s why we’re here.
To help you find a better way before it’s too late.
So, what if there was a way you could build a passive income stream that’s actually passive?
An income stream that doesn’t require:
- Selling to friends and family
- Selling to strangers
- Recruiting people
- Dealing with questionable products that weigh on your conscience
An income stream that brings in consistent revenues every single month (from a couple thousand dollars to well over $10,000)?
An income stream you could actually build in your spare time, and grow as large or as small as you want to, without having to spend hours a day chasing, selling, or managing anything?
If that sounds like something you’d be interested in, check out Digital Real Estate.
This is nothing like MLM, and that’s probably a good thing.
However, if you’d still like to know more about Ormeus Coin, keep reading.
What Is Ormeus Coin?
Ormeus Coin is a new cryptocurrency supported by a crypto-mining facility that has passed all audits, according to its website. By utilizing proof-of-asset technology and autonomously executing smart contracts on the Ethereum Blockchain, the mining farm’s profits are cryptographically linked to the Ormeus Reserve Vault (ORV).
The cryptocurrency Ormeus Coin held an initial coin offering (ICO) to raise capital for new mining equipment. They intend to use the funds to acquire supplementary mining equipment for their mining operations.
Moreover, the company states that it stands behind each coin it issues. It would take a few years to construct a monster capable of making $50,000,000 per month by investing $400,000 in more mining equipment.
Ormeus Coin is ranked 2455 on Coin Market Cap with a current market cap of $13,500.34. There are now 35,904,998 Ormeus coins in the circulating supply, and the maximum supply is unknown.
Who Created Omenus Coin?
The siblings, John and Tina Barksdale, sold their cryptocurrency Ormeus Coin on several online exchanges and publicized it via online video platforms and live events held in various locations.
The Ormeus Coin website states that it can be bought and sold on exchanges like HitBTC, PancakeSwap, Uniswap, and others. It also states that it is powered by “green energy” and operates on the Ethereum blockchain.
However, the SEC’s division claims that John and Tina Barksdale have been dishonest about the company’s performance.
The SEC claims that Tina and John Barksdale held roadshows and coordinated the creation of promotional content like social media postings, YouTube videos, press releases, and more to drum up interest in the offers created to sell Ormeus Coin.
In many of these investor communications, the siblings said that Ormeus Coin’s crypto-mining company was worth $250 million and generating $5.4 million to $8 million each month in mining revenues.
John Barksdale perpetrated duped investors worldwide into purchasing his Ormeus Coin by spreading a web of deceit.
The Securities and Exchange Commission (SEC) claimed that the Barksdales were operating as modern-day “snake oil” salesmen and mislead retail investors for their own personal benefit through social media posts, promotional websites, and in-person roadshows.
The Barksdales are accused of using millions of dollars in investor cash for their benefit and manipulating Ormeus Coin’s price in the complaint.
The Barksdales have been accused of breaking federal securities laws in a lawsuit filed in the Southern District of NY of the US District Court. Legal action is pursued in injunctive relief, disgorgement with interest, and civil penalties.
Ormeus Coin Price
On January 15, 2018, nearly five years ago, the price of one Ormeus Coin reached its highest price of $3.28. On September 24, 2022, just over a month ago, it hit a low of $0.000202299602.
Ormeus Coin had a 24-hour trading volume of $188.35. Ormeus coin can be exchanged for various currencies, including the US dollar, Singapore dollar, Canadian dollar, and Hong Kong dollar.
Ormeus Coin MLM Program
Those interested in promoting Ormeus Coin can do so through Ormeus Global’s affiliate program. The “trading” of Ormeus Global is supposedly able to provide affiliates with a passive ROI of 160% on their investments.
Ormeus Global’s multi-level marketing division has a binary compensation plan.
An affiliate leads one of two distinct halves of a binary team in a pay system that is itself binary.
There are two open roles on the first tier of the binary team. These first two roles are subdivided into four positions to form a second tier of the binary team.
Each succeeding level of the binary team has twice as many slots as the preceding level and is generated automatically as needed.
Affiliates are recruited directly and indirectly to fill open positions on the binary team. It is necessary to note that there is no upper bound on the size of a binary team.
To account for the two teams’ respective investments, Ormeus Global has adopted a binary compensation system. Affiliates receive a commission based on their binary team’s investment volume.
Whether Ormeus Global plans to pay a proportion of weaker side binary volume or matching volume is currently unknown.
Is Ormeus Coin A Scam?
So, is Ormeus Coin a scam?
Not technically. You can make money with this program, but it’s definitely not as easy as the company makes it sound.
There’s a ton of work to be done upfront, no real guarantee of success, and – most importantly – the actual commissions are pretty small.
Now, there’s nothing wrong with front-loading the work and making the money later.
But if you’re grinding it out for 3 months and then your reward is a $50 commission, it’s not really worth it.
What if, instead, you could do that same 3 months of work (in your spare time), and your reward was a $500 to $2,000 payment that came in every single month?
And what if you actually didn’t need to wait 3 months? What if you could get started today and have your first payment in a week?
And what if you could double it next week?
Well, that’s the power of Digital Real Estate.
And, unlike an MLM, you can legitimately do this from anywhere. It’s a true lifestyle business.
Your laptop and an internet connection is all you need.
Some of the most successful students in this program run their entire 6-figure businesses from:
- A camper in the middle of the woods
- A beach chair on the water in Mexico
- A small villa in Greece
They’re able to travel around, living their lives first, and focusing on their income second.
Because even if they stop working for an extended period of time, the money keeps coming in.
So adventure, memories, and experience are the top priority.
And they never have to worry about how to pay for the next trip, or consider asking for time off.
If this sounds more like the type of life you want to lead, just click here to find out more about Digital Real Estate.
Are There Alternatives To Ormeus Coin?
Yes, there are plenty of MLM companies to choose from if you want to pursue this business model. Here are just a few:
What Is My Top Recommendation For Making Money In 2022?
Our review team has spent months researching, reviewing, and vetting dozens of business models and thousands of programs.
While there may be no “perfect business”, the research IS conclusive:
Whether you’ve never made a dollar online, or you’ve been in this space for a while but never really “made it,” Digital Real Estate is for you.
1) It’s Flexible: got an hour a day? You can do this. Ready to drop everything else and dive in full time? You can do this. Yes, the more time you put in, the faster you see results. But even with a little time each day, you can move the needle in a Digital Real Estate business.
And because this system is so flexible, you don’t have to constantly be working to make more money. It’s called PASSIVE INCOME because if you stop working, the money doesn’t.
Imagine taking 3 months off to just tour around Europe, rent a cabin in the woods to write a book, hike the Appalachian Trail, or live on the beach and surf all day.
This is only possible if you have an income stream that’s not tied to your time.
2) You Own & Control EVERYTHING: With MLMs and Network Marketing, you don’t really own anything. You have no control over the quality of products. You don’t even own your “team”.
Look at the fine print for most of the agreements folks sign when they join one of these companies. At any point, the company can change your commission structure, reduce your profit margins, or kick you out entirely.
With Digital Real Estate, you own the assets, which means you have all the power and all the control.
3) Little To No Startup Costs: It’s possible to get into Digital Real Estate with zero dollars upfront. Because, using the strategies outlined in this program, you can get a client to pay you BEFORE spending a penny out of your own pocket…even before you do any work.
Even without getting paid in advance, you can have your first Digital Rental Property up, running, and generating profits for less than $100.
4) No Inventory: Alright, so most MLMs don’t make you buy the products and fill your garage with them anymore (unlike the good ol’ days), but you’re still in a physical products business.
And physical products always have physical limitations. Even if you don’t have to manage the inventory, you still have to deal with supply chain shortages that cause major delays.
Imagine finally landing your first customer, and then losing them after one sale because they had to wait 6 weeks to get their order.
With Digital Real Estate, a 100% online business, you never even have to think about that risk.
5) Easy To Duplicate: Ok, here’s the best part: once you have your first Digital Rental Property up and running, you can literally DOUBLE your income with a few clicks, a couple keystrokes, and a single phone call (and you don’t actually need the phone call).
Remember: each Digital Rental Property is worth $500 to $2,000 a month in semi-passive income (over 95% profit). Every time you decide to create another one and increase your income, it gets easier.
Because you have more knowledge, more experience, more results, and more momentum.
If you wanted to double your income with an MLM, you’d have to double your customers OR double the average order size of your existing customers. And, guaranteed that’s a lot harder than a few clicks and a few minutes of your life.
6) Make Money Helping Real People: This part is what makes it all worth it. In an MLM, your “upline” might convince you that what you’re selling improves people’s lives, but deep down, you likely know that’s not true.
Most of the time, you’re either selling a dream or a poor-quality, overpriced product with a fancy label.
And that makes it pretty hard to sleep at night.
But with Digital Real Estate, you’re actually helping people by solving your clients’ biggest problem:
Small, local businesses need more customers, and with Digital Real Estate, you are unleashing a flood of happy, paying customers for these businesses.
You make money by helping them make money.
Not a big, faceless corporation either…a small business owner who’s using that money to put food on the table for their family, start a college fund for their kids, or take care of a sick parent.
Once you see how Digital Real Estate makes a real impact in the lives of real people, you’ll sleep like a baby with a big smile on your face.
Now, the choice is yours.
You could continue browsing, looking at opportunities like Ormeus Coin which could one day make you money.
You could continue researching, never making a decision.
OR, you could take a look inside, consider what you really want, and join a program that makes your dreams a reality. At the same time, joining a community of over 2,000 successful students that are living life on their own terms thanks to Digital Real Estate.
A consistent, reliable, semi-passive stream of income that doesn’t depend on you or your time to keep producing profits.
All while genuinely helping real people who are grateful and happy to pay for it.
If this sounds more like what you want out of life (or if you just want some nice side income), click here to learn more about Digital Real Estate.