Website – https://payasian.co/
There are so many people who are crazy about cryptocurrency and want to make money with it. In this review, we would discuss PayAsian and if you can really consider it as a source of income.
Had you invested only $100 in bitcoin seven years ago, you would have been a millionaire today. Many people still regret not investing in cryptocurrency.
Well, as they say, time repeats itself. The PAYA token, crypto offered by PayAsian, is planning to become the next bitcoin. There is so much more to this concept so without wasting any more time let us understand the offering in a bit more detail.
What Is PayAsian?
PayAsian is an online platform that offers its own cryptocurrency backed by the blockchain technology. The company targets the Asian market and aims to become the leading e-wallet cryptocurrency solution, in the whole of Asia.
The PAYA token, the cryptocurrency that the company offers, has a maximum limit of 750,000,000. This means that no more than 750,000,000 PAYA tokens will ever exist in the market, making it a scarce resource, much like Bitcoins.
The price of the token is decided by the market demand, and hence, there is no upper limit. Currently, the token is being traded at $0.05.
How Does It Work?
Think of PAYA token like any other cryptocurrency. It works in the same way. It gives you the same level of security and trading value. When combined with PayAsian’s native technology, the company offers a new tech payment gateway.
It can be easily integrated into any website, or can even be used for crowdfunding purposes.
Apart from the technology, the company also offers an excellent referral/affiliate program. The affiliate opportunity, however, is not free. To activate your account, there is an initial deposit of $100 required in PAYA tokens.
This money belongs to you, and can easily be traded for any Asian currency. Once you become an affiliate member, you can start referring others to the website.
Whenever someone joins the website, you will earn a commission. The commission amount depends on the tier that you are in, as the company operates a multi-level affiliate network.
The Compensation Plan
The website has divided the compensation plan into different tiers depending upon the amounts invested. These tiers are as follows –
- Level S1 – User invests between $100 to $1,000.
- Level S2 – User invests between $1,001 to $5,000.
- Level S3 – User invests between $5,001 to $10,000.
- Level S4 – User invests between $10,001 to $25,000.
- Level S5 – User invests between $25,001 to $100,000.
- Level S6 – User invests more than $100,000.
These tiers make it a lot easier for the users to understand and predict their earnings.
Referral Commissions
The website offers a binary compensation plan where you have the left and the right side when you hire your referrals. So the first two referrals that you hire are your left and right side referral.
Then these two referrals need to hire two more referrals and once they have done that, then the newer referrals need to hire two more and this way the chain goes on.
You get commissions for all the referrals under you. So, basically you get paid for the referrals that were hired by your referrals and not directly hired by you.
You get about 30 percent in commissions from the side of the weaker binary system.
Pros
1. The website provides innovative solutions to existing problems. The entire Asian market is flooded with different currencies, and PayAsian is trying to solve this problem.
2. The company has kept a threshold to the maximum number of PAYA tokens that will ever be produced. This makes the currency limited, and extremely valuable. It also doubles up as an investment option.
3. The website also provides White Paper solutions, a rarity in this industry.
4. The website offers its own native app as free downloads in both the Android Play Store and the Apple App Store.
Cons
1. The website is doing nothing to market the crypto. This could hamper the growth, and hence reduce the price of the asset.
2. Users are required to pay $100 just to start as affiliates. When compared to the competition, this could reduce the adaptability rate of the crypto.
Would I recommend this website?
The website looks like a typical investment website where you are expected to invest some money in the system and you can think fo getting better returns int eh future.
The reality of such websites is that once you invest your money with them, they are going to disappear. This has happened quite a lot with such websites and that is the reason I would highly recommend staying away.
You need $100 just to get started with the website and that is you spending money just so that you can earn money in the future. You are already spending money even before you have started making any money online.
This website is not something you can trust and I would highly suggest staying away from it. Their main focus is to help you make money through their MLM program which is another headache on its own.
For someone who has not a lot of knowledge on Internet marketing, it is going to be difficult to sell anything, to begin with, and if you want to sell this to someone then you would have to do it through word of mouth which is just tedious.
You might want to consider other ways of making money online as they are much easier. MLMs are just high on promises but they never deliver.
Conclusion
PayAsian is not a website I would recommend. Anything that you invest in this website is going to be converted into some random currency that you would never be able to access or get back.
MLMs are known for taking away people’s money and never giving it back to them. In case, you want to avoid that happening to you then try and stay away from this website.
There are so many other ways to make money online and you can try them out but this one here is just not the right way to get started with your online journey.
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