What is Kangot? Some people say how great Kangot is. Now let’s take an in-depth look at what Kangot is if it is a legit company or a scam.
Throughout my review, there is no affiliate link to Kangot. This is because
I do not promote products that I don’t recommend. You can rest assured to get an honest and unbiased review from me.
This review will try to answer the following four questions. It should give you a clear understanding of Kangot and whether it’s worth your money.
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WHAT IS KANGOT?
Program Name: Kangot
Creator: Roberto Gonzalez
Price: $100 to $50,000 for investment
Kangot is an MLM (Multi-Level Marketing) company founded by Roberto Gonzalez.
It was launched in September 2019 and offered you the ability to make money by trading.
According to their website, Kangot comes from two words KAN and GOT.
Kan means intuition or sixth sense, and Got means honorability or honor.
The company belongs in the cryptocurrency trading MLM niche, and they offer very attractive returns along with a nice vacation incentive that comes with each package that the company provides.
Roberto X. Gonzalez is the founder and the CEO of the company, but before that, he used to be an executive for Visalus, Cydsa, Pepsico, and Active.
In 2002, Roberto also became the owner and CEO of a major travel company in the world, and he operated more than 25,000 reservations per day.
As you can see, Roberto has a lot of experience in Online Business.
However, Roberto got involved with an MLM company called Club Orenda, a travel company that he co-founded in 2016, and after that, the company got shut down in 2018.
That is all I know about Roberto. Let move on to the next section on how Kangot works.
HOW KANGOT REALLY WORKS?
Kangot doesn’t have any products to offer. Instead, they have an ROI or Return On Investment service.
You’re promised a daily ROI of 0.5% to 3% as long as you invest anywhere between $100 and $50,000.
Kangot offers referral commission when you join in as a member and get other people to sign up for the program as well.
This is explained in their Binary Compensation Plan.
How To Make Money with Kangot?
To make money with Kangot there are 2 ways to make money with them, and that is through.
- ROI Commissions
- Referral commissions
How To Get Started With Kangot?
If you plan to sign up with Kangot you’ll need to purchase one of their packages.
Kangot has two different categories, where it offers you a difference in return.
This is the 2 categories:
- The $100 to $500 Package Levels – In this package, you’ll receive 0.5% to 3% daily return, capped at 200%.
- The $1000 and Higher package Levels – In this package, you’ll receive 0.5% to 3% daily return also, capped at 300%
There is a $10 admin fee, and it might take 2 months to 5 months to get the ROI because the weekly percentage will change based on how successful the traders have been.
How Much Is The Total ROI Kangot Pays?
It says that it depends on the package level that you join in, and it also depends on how much Kangot will pay you through the trading efforts that the professional traders make.
For example, if you join the $100 package to the $500 package, Kangot will pay you a 200% return, and if you join the $1000 or higher packages, the company will pay you a 300% return on your money from their trading efforts.
With Kangot, you’ll earn commission by recruiting other people to join in with one of the company packages.
Now, when your downline starts growing, that is your team, you’ll earn additional commissions.
The MLM commissions are paid and tracked using the binary compensation plan.
The Binary Compensation Plan
Here’s how the binary compensation plan works with Kangot.
You need to get 2 people as your downline one on the left and one on the right.
Also, each side of your binary can be built by direct or indirect referrals, and each side can be built to unlimited depth.
It is more of a pyramid scheme, don’t you think? We will soon find it out in this review.
For every person that you recruit and purchase one of the packages, you will earn 10% of their investment.
As you already know, you need 2 people on each side of your leg or downline, and if you have recruited 2 people on each side, you will start earning commissions.
They will pay 10% of the investment volume that is on your weaker leg, which means that you need to have an equal volume amount on both legs to get paid on your weaker leg.
Once you get paid on the volume from your weaker leg, that volume is taken out of your weaker leg, and your stronger leg and any investment volume leftover on your stronger leg will be carried over.
How Much Does It Cost To Join?
To join, it depends on how much you want to invest, and the minimum investment is $100 with a $10 admin fee.
If you want to invest in a higher package, here are the several packages level that the company offers.
- Bronze – $100 To Join This Package Level. (200% ROI)
- Silver – $300 To Join This Package Level. (200% ROI)
- Gold – $500 To Join This Package Level. (200% ROI)
- Ruby – $1,000 To Join This Package Level. (300% ROI)
- Emerald – $2,000 To Join This Package Level. (300% ROI)
- and higher levels that each earn a 300% ROI.
What The Minimum Withdrawal Amount?
The minimum withdrawal is $100, and once your account reaches that amount, that’s where you can receive your commissions.
Also, once you plan to withdraw, they will charge you 3% for the withdrawal fee.
Focus More In Recruiting
As you can see Kangot is an MLM company, but it doesn’t have any products to sell, so for you to earn or make money, you need to recruit, and that is the main objective of this company.
The more you recruit, the more commission you will get.
As you can see, how the company works, it is more of a pyramid scheme because there is no product that’s the problem.
It is ok to recruit as long there is a product to sell, but with Kangot there is none you only have to spend more money just to earn a higher commission.
Unregistered With The SEC
Here to make sure that this company is legit, I have to check it out first if this company is registered with SEC.
So, upon my research, I discovered that this company is not registered, and as far as I know, you have to be registered with the SEC to carry out solicitations for investments.
No Income Disclosure
As you can see on their website, you won’t see any income disclosure if you want to join a company, of course, the first thing that you need to see if people are really earning money with Kangot.
With Kangot there is none.
It Will Cost You More
You already so the Package levels and how much it is gonna cost you.
You also see how much you will earn on each level, of course, if you want to earn more, you have to spend on a higher package level and if you are not satisfied you have to spend on a more expensive package level and so on.
The biggest problem is that what happens if it stops the money stops too.
So all your money will be gone just like that.
IS KANGOT SCAM OR LEGIT?
I can’t say if Kangot is a scam or not, but one thing that I say that I don’t recommend this company to you.
As you can see, the company is not registered with SEC, and it focuses more on recruiting, and also that way, they structure the compensation plan is more of a pyramid scheme.
Also, their business model just doesn’t make any sense, and there’s no income disclosure to see if people are making money at all.
So, stay away from this program at all costs and go talk to legitimate and registered brokers.
- It is more of a Pyramid Scheme
- The Package levels are expensive
- Unregistered with SEC
- No income disclosure
- Focus more on recruiting
IS THERE SOMETHING BETTER?
Now you know what Kangot is and how they work and also why I don’t recommend this company to you.
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If you have any question or thought as whether Kangot is a scam, feel free to leave a comment below and I will always reply!
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