aRoyal Q is a cryptocurrency trading platform that utilizes an AI-powered bot to automate trading strategies on exchanges like Binance and Huobi. The platform claims to offer users the opportunity to profit from cryptocurrency markets without active trading involvement. However, the legitimacy and effectiveness of Royal Q have been subjects of debate.Affiliate Program Overview
Royal Q operates a multi-level marketing (MLM) affiliate program with six hierarchical levels, ranging from V1 to V6. Advancement through these levels requires direct referrals and a growing team size. Each level offers increasing commission rates and additional rewards:
- V1: 30% direct referral bonus and 20% team reward.
- V2: 40% direct referral bonus, 30% team reward, and $10 per activation from downlines.
- V3: 50% direct referral bonus, 40% team reward, $20 per activation, and 5% peer award.
- V4: 60% direct referral bonus, 50% team reward, $30 per activation, and 5% peer award.
- V5: 65% direct referral bonus, 55% team reward, $40 per activation, and 5% peer award.
- V6: 70% direct referral bonus, 60% team reward, $50 per activation, and 5% peer award.
Advancing to higher levels requires meeting specific criteria, such as the number of direct referrals and total team size. For example, to reach V2, an affiliate must have 3 direct referrals and a total team of 20 members. At V6, the requirements escalate to 20 direct referrals and a team size of 1,500.
Pros of Royal Q
- Automated Trading: The AI bot automates trading strategies, potentially saving time for users.
- Affiliate Earnings: The MLM structure offers significant earning potential for those who can build large teams.
Cons and Risks
- High Subscription Fee: The annual subscription fee of $120 may be considered steep by some users.
- Floating Losses: Users may experience floating losses if the market moves unfavorably, and the bot does not sell at a loss.
- Regulatory Concerns: Royal Q has faced warnings from regulatory bodies for operating without proper authorization.
- Password Recovery Issues: Some users have reported difficulties in recovering accounts due to password reset problems.
- MLM Structure: The MLM compensation plan resembles a pyramid scheme, which may raise ethical concerns.
Conclusion
While Royal Q offers an automated trading solution and a potentially lucrative affiliate program, prospective users should exercise caution. The platform's high subscription fee, regulatory concerns, and MLM structure may pose significant risks. Individuals interested in Royal Q should conduct thorough research and carefully consider these factors before engaging with the platform.