With technology, the opportunity to make money online has never been greater.
All types of businesses are popping asking people to join with the promise of making people rich.
One business in particular is Kangot.
But who is Kangot, and are they a legit business? Well in this review, I plan on going over everything you need to know about them.
Things like their background information, cost to join, and the benefits to becoming a member of Kangot.
By the end of this review, you’ll have a better idea if this company is worth joining or not.
VeloVita Review Summary
Product Name: Kangot
Founders: Robert Gonzalez
Product Type: Digital Investment MLM
Price to join: $100 to $50,000 for investment
Best For: No one
Summary: Kangot is an investment MLM that makes the promise to help you make money with trading.
But to be honest, we’re not even sure they are legally allowed to be in business.
The reason being is that they’re not even registered with the SEC or any other financial institution.
This makes one wonder if your money is in trustworthy hands.
What Is Kangot?
Unlike other MLM companies that operate in either the health and wellness niche, insurance, or even cosmetics.
Kangot is a unique MLM that markets itself in the trading niche.
To be more specific, they work with experienced traders whose goal is to get you the passive income that will bring you financial independence.
For those that even care, the word Kangot, comes from the two words, KAN and GOT.
When broken down the two words mean:
- Intuition or sixth sense
- Honorability or honor
Kangot operates in the cryptocurrency trading niche, where they have built an MLM business to help you profit from these trades.
The founder of this company is Roberto X Gonzalez which is believed to be from Mexico.
It seems that back in September of 2019, the website was launched and is registered under Mr Gonzales name.
Since I am someone that likes to do a little background check of the person behind the company, I decided to do a quick google search.
It led me to a person named Rober Cantu Gonazalez, who also looks to be the owner of some lead generation tool called BViral.
The site didn’t last too long and doesn’t look to be no longer operating under that name.
Whatever seems to be left of this program, it now looks to be under Kangot.
I also found that back in 2016, Mr Gonzalez founded a company called Club Orenda which is a travel MLM business.
It didn’t last all that long either like most MLMs do as it was closed 2 years later.
None of this is stated on the Kangot website, so it’s important to always do your research of the person behind a particular business.
Kangot Product Line
You won’t find any products when it comes to the Kangot business. Instead what you get is a ROI (return on investment) service for those that invest with them.
As long as you invest anywhere between $100 and $50,000, you can expect a daily return on investment of 0.5% to 3%.
For those that are interested in compensation for bringing people into the business, that option is definitely available.
Now you know a business wouldn’t be an MLM without the recruiting aspect of the business. More on this later.
Does The Product Work?
If you go based on claims made by Kangot, then you should know that revenue is generated based on “real life trading activities in various financial markets.”
This is actually a statement made by Kangot on their site as you can see below.
They also claim to have incentives for traveling which seems to be marketing from the previous company BViral.
So it is very likely that the information you’re receiving in regards to this is outdated.
Aside from the possible fake incentives, what concerns me the most is Kangot’s practice of investment solicitation.
In order to be allowed to do this, you would need to be registered with the SEC or any other financial regulator.
If you’re going to make claims that you offer various “passive income plans,” that range from certain percentages, then you need to make sure you’re following all rules and regulations.
What’s also crazy is that they claim to have experienced traders working with them that can generate a daily ROI of 3%.
So if this is the case, why are you in need of new members?
Obviously that’s where your main source of revenue comes from which makes this whole program highly suspect.
How To Make Money With Kangot?
There are two ways in which you can make money with this company:
- Daily ROI’s
- Referral commissions
How To Get Started with Kangot?
I mentioned earlier that if you’re interested in joining Kangot, then you’re going to need anywhere between $100 and $50,000.
And just so that there isn’t any confusion, I have dollar signs by the numbers, but in reality the investments are done in cryptocurrency.
Kangot Compensation Plan
Members that decide to invest the amounts I mentioned above are promised these advertised returns:
- Invest $100 to $500 and receive a 0.5% to 3% daily return, capped at 200%
- Invst $1000 to $50,000 and receive a 0.5% to 3% daily return, capped at 300%
If you happen to be a member of Kangot and you have brought in others to do the same, then you can receive a 10% referral business.
These are commissions paid based from the effort of people that are brought on your team.
They are paid via a binary compensation structure, and members receive 10% on the weaker side of the binary team.
What I Like About Kangot
To be honest, I’m not a huge fan of this business model, so there isn’t much to like about Kangot.
What I Don’t LIke About Kangot
#1. Unregistered With The SEC
In order to solicit investment opportunities, you have to be registered with the SEC.
And if you happen to be in another country, you will have to be registered to invite people into these particular programs.
So how do you find out if a company is registered?
Just look up SEC EDGAR and check their database which will show you neither Kangot or Gonzalez are registered.
#2. Who Are These Traders!
The fact that Kangot is unregistered with the SEC makes you question who is actually executing these trades.
For all we know, they could be just regular members who got in with the company early on.
If you check most legit trading platforms, you would find that not only is the company registered, but everyone making trades is registered as well.
Checking this information shouldn’t be all that difficult as they make it out to be.
#3. No Actual Trading Done!
In my opinion, the revenue that is made with this company doesn’t come from trading, but from each member’s initial investment.
It’s more a pyramid scheme rather than some trading platform that can get you great returns on your investment.
It seems the goal is to recruit people into the business, take their investment, and get others to do the same thing.
Is Kangot A Scam?
It’s hard to say outright that they are a scam, but boy does this company sound shady. Below are a few reasons why:
- They have a flawed business model that I doubt people are making any money with.
- The only revenue source seems to be when people make their initial investment upon joining. Not when trading is done promising a ROI.
- When dealing with financial investments of this scale, you have to be registered with the SEC or other financial institutions.
If you’re looking to make money, Kangot is the last place I would look to. You’re better off learning how to build something of your own that will sustain you for years to come.
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