It’s likely that you have come across Kangot through an email list, on social media or got it recommended by a friend or family member.
Is Kangot a scam? The reasons why you’re here is because you have want answers right so, that’s what I’m going to provide for you within this Kangot review.
First and foremost I must commend you for actually doing a bit of extra research before committing to joining Kangot. For all you could have known, the product could be a major scam so the fact you’re here right now, researching whether or not that’s the case is a pretty smart move on your part.
To be fully transparent with you, I am personally not a member of Kangot so I can assure you that I will not attempt to sell you it unless of course it’s worth investing in.
What I will aim to do is provide you with an unbiased 3rd party look at Kangot that will hopefully help you to make the best decision you can in the end.
PRODUCT NAME: Kangot
OWNER/S: Roberto Gonzalez
TYPE OF PRODUCT: investment based MLM
PRICE: minimum $100
SUMMARY: I personally do think that Kangot is both a pyramid scheme and a scam because it showcases too many characteristics indicative of such a label.
First of all, it’s essentially committing securities fraud as it isn’t registered to the SEC despite partaking in the passive investments field, it not offering any tangible products to non affiliate customers is problem too because in turn it means recruitment would the only way to succeed with the company without completely relying on luck and if course the very shady history of the owner is another red flag.
Overall, I can’t see Kangot as an entity or business opportunity worth pursuing because right now it shows way too many red flags to justify even investing a single penny into it.
FINAL RATING: 0/5
RECOMMENDED: NO!!
WHAT IS KANGOT?
Kangot appears to be trading/investment based MLM that seems to be listed under the name of a guy named Roberto Gonzalez. The website itself appears to have been registered in the 27th September 2019, which makes it a pretty new company too.
Other than this information, there really isn’t much else to go off of but, there is quite a bit of information regarding Roberto’s experience within this field however, that actually added to the concerns I had with Kangot as opposed to negating my negative impressions of it.
As for what I learnt about regarding his past, I learnt that the first thing he began promoting many years ago was a ponzi cycler scheme called Zyndio/Zyntravel. After this, in 2016, he launched his own company called Club Orenda which was a travel based MLM too however, this company looks to have collapsed in the tail-end of 2017/early 2018.
Lastly, around mid 2018 he launched his most recent endeavour before Kangot called Bviral. This was a lead generation company that helped generate leads using certification incentives. The company as of recently isn’t very active but, it seems that some of the MLM practices Bviral used are also set to be a part of Kangot so, that’s worth noting.
So, in short Roberto’s history within the MLM is scattered with him promoting terrible schemes and creating multiple failed companies which isn’t always a bad thing but, in my experience it is often an indication that if the owner isn’t very trustworthy, their company tends to more often than not be pretty lackluster too.
==>Click Here To Get Access To My FREE Make Money Online Guide!<==
KANGOT PRODUCTS
Kangot does not seem to offer any kind of retailable products, all that individuals can do is either invest in the trading platform in hopes that it’ll actually work out for them or recruit others to make money.
The lack of any retail products to non affiliate customers is actually a big red flag that even the FTC themselves define as one characteristic that pyramid scheme like MLM’s tend to display.
So in short, you’ll have to invest money within the platform which in turn will supposedly pay out returns to you in the form of cryptos instead of in USD or other fiat currencies.
Only being paid in cryptos even though you actually have to invest real money to partake in the trading, is obviously another issue I have with company. This is because most alt coins tend be worthless which tends to mean that it is highly likely to be the case that the Kangot coin is either a shill coin or a pump and dump investment.
Of course both circumstances would be pretty bad for most so, I personally could not recommend anyone invest in this trading scheme.
HOW DO YOU MAKE MONEY WITH KANGOT?
As is the case with pretty much all MLM businesses there are 2 ways to make money with them, Kangot being no exception.
1. The first method is by directly selling the product to other individuals and in return make a commission for the sales
2. You make money through your recruits and downline, by getting residual income after achieving the specified criteria.
HOW TO GET STARTED
If you want to join, you’ll need to invest a minimum of $100 but can also invest a maximum of $50k. Of course the “returns” are said to only be paid out in cryptos.
COMPENSATION STRUCTURE
Kangot’s compensation plan has many elements to it so I’ll briefly be breaking it down here so that you have a rough idea regarding how the system works.
Firstly I’ll list down the many different affiliate ranks that can be achieved by a Kangot affiliate along with the criteria for achieving them :
- Bronze – generate $500 in accumulated weaker binary side investment volume
- Silver – generate $1200 in accumulated weaker binary side investment volume
- Gold – generate $7000 in accumulated in weaker binary side investment volume
- Sapphire – generate $35,000 in accumulated in weaker binary side investment volume, and have a personally recruited Silver ranked affiliate on both sides of the binary team
- Ruby – generate $75,000 in accumulated in weaker binary side investment volume, and have a personally recruited Gold ranked affiliate on both sides of the binary team
- Emerald – generate $150,000 in accumulated in weaker binary side investment volume, and have a personally recruited Sapphire ranked affiliate on both sides of the binary team
- Diamond – generate $500,000 in accumulated in weaker binary side investment volume, and have a personally recruited Ruby ranked affiliate on both sides of the binary team
- Blue Diamond – generate $1,500,000 in accumulated in weaker binary side investment volume, and have a personally recruited Emerald ranked affiliate on both sides of the binary team
- Black Diamond – generate $5,000,000 in accumulated in weaker binary side investment volume, and have a personally recruited Diamond ranked affiliate on both sides of the binary team
- Crown Diamond – generate $15,000,000 in accumulated in weaker binary side investment volume, and have a personally recruited Blue Diamond ranked affiliate on both sides of the binary team
Returns On Investments
Kangot claims you can gain the following amounts in profits through just your monetary investments :
- invest $100 to $500 and receive a 0.5% to 3% daily return, capped at 200%
- invest $1000 to $50,000 and receive a 0.5% to 3% daily return, capped at 300%
These returns aren’t the most absurd I’ve seen when compared to other trading based MLM’s but, a return of roughly 15 – 90% over a 30 Day period is still pretty darn absurd considering you don’t even know if what you’re investing is legit or even if you’ll be able to cashout into USD, especially taking into account the shady nature of Kangot as a whole.
Referral Commissions
Kangot affiliates can earn a 10% referral commission on the investments made by their personal recruits.
Residual Commissions
Kangot also pay its affiliates residually through the use of a binary structure.
If you don’t know what a binary structure is, simply put it is a MLM structure where an affiliate will be able to recruit 2 individuals, one on the left leg and and one the right leg, these recruits will then also be able to do same as will their recruits allowing for the structure to theoretically grow infinitely in the vertical sense.
At the end of each day Kangot tallies up all of the investments made within each leg and pays affiliates 10% of the funds generated on their weaker binary team side.
The leftover funds are then flushed and carried onto the stronger leg for the following day.
Rank Achievement Bonus
This is a bonus that will be paid out based on an affiliate achieving a specific affiliate rank within the company. The bonus payouts are as follows :
- qualify as Silver and receive $50
- qualify as Gold and receive $100
- qualify as Sapphire and receive $500
- qualify as Ruby and receive $1200
- qualify as Emerald and receive $2500
- qualify as Diamond and receive $10,000
- qualify as Blue Diamond and receive $25,000
- qualify as Black Diamond and receive $100,000
- qualify as Crown Diamond and receive $200,000
There are a couple other earning methods offered by Kangot in the form of a matching bonus, a global pool bonus and even travel incentives from Bviral’s compensation plan but, they’re not really worth getting into, especially as a newbie and also because of how shady the company comes across as too.
THE NOT SO GOOD THINGS
Recruitment Seems To Be Essential For Success
The reason why recruitment is essential for success is because literally the only way to make money, without relying on luck, is through recruiting others and earning a percentage of their investments as your own.
This is actually a huge red flag and one that the FTC themselves deem as a characteristic that pyramid schemes show which of course is why this a huge red flag and a major reason to skip out on Kangot.
It Does Not Appear To Be Registered To Governing Bodies
Whenever a company is involved in the securities business, it is essential that they register within their operating regions governing body, which in this case would be the SEC from the United States but, it doesn’t appear as if they are registered.
As Kangot is basically acting as a passive investments based company, it does therefore fall within these securities based laws as without it Kangot is technically illegally participating in investment trades within the United States.
It Does Not Seem To Offer Any Tangible Or Retailable Products
The lack of any retail products for non affiliate consumers is a trademark sign of a pyramid scheme, which of course is why the FTC have labeled it as a red flag so, the fact the only way to make money with Kangot is through recruiting others into the scheme is a major problem in my eyes.
THE GOOD THINGS
I personally don’t think there are any redeeming qualities to Kangot and in turn it’s a system that you should most definitely avoid.
==>Click Here To Get Access To My FREE Make Money Online Guide!<==
IS KANGOT A PYRAMID SCHEME/SCAM?
I personally do think that Kangot is both a pyramid scheme and a scam because it showcases too many characteristics indicative of such a label.
First of all, it’s essentially committing securities fraud as it isn’t registered to the SEC despite partaking in the passive investments field, it not offering any tangible products to non affiliate customers is problem too because in turn it means recruitment would the only way to succeed with the company without completely relying on luck and if course the very shady history of the owner is another red flag.
Overall, I can’t see Kangot as an entity or business opportunity worth pursuing because right now it shows way too many red flags to justify even investing a single penny into it.
MY PERSONAL RECOMMENDATION
I personally will always recommend against using a MLM business model to make money, not because you can’t make money through it (you totally can) but, the system has always seemed shady to myself and is kinda synonymous with the likes of a pyramid scheme or scams (MOBE and Digital altitude).
Instead I prefer working with something created through ones own means and is ultimately dependent on yourself and your work ethic alone.
This method I’m talking about is affiliate marketing.
The reasons as to why I recommend it over MLM based structures are because
– there is no need to recruit constantly
– it is a legitimate method that has been working consistently and continues to grow as more businesses want individuals to promote products
– and because it is free to start up, no unnecessarily large start up funds needed.
The service I recommend is Wealthy Affiliate. It’s free to sign up to and will get you set up and ready to start your affiliate marketing journey within minutes, as it did for me when I begun my journey.
If you have any questions that you would like to ask me regarding Kangot, feel free to do so in the comments section below and I will get back to you as soon as I can. If you have your own thoughts about Kangot and would like to talk about it, again feel free to do so in the comments below!
Thanks
Amhil