What Is Kangot? It’s HYIP That You Don’t Want To Join!
Welcome to my Kangot review!
High-yield investment MLM’s are common in the industry because they promise get-rich-quick schemes for little to no work done. The promise of passive income is just too much to pass on, and that’s why schemes like these prey on the gullible and desperate.
Today, we’re looking at a supposed HYIP MLM that’s been making rounds over the Internet. This is Kangot.
First of all, I must Congratulate you for taking your time to do your own research before buying into any "seemingly good" product.
That's the way to avoid scams and find the legitimate way to make money online!
Let me be completely transparent with you, I'm not associated with Kangot in any form.
So, rest assured that I'm not here to pitch or sell anything to you.
Instead, I'm here to reveal what this scheme is trying to get you into...
Kangot Review Summary
Product Name: Kangot
Founder: Robert Gonzalez
Product Type: Digital Investment MLM
Price: $100 to $50,000 for investment
Best For: No one
Summary: Kangot is an investment MLM that has a lot of things going on. It's not something that we recommend because of the following reasons. The biggest reason they're not reliable is that they're unregistered with the SEC or any financial institution.
What is Kangot?
Kangot is a MLM or multi-level marketing company that gives you the opportunity to make money by trading. Rather, working with their “experienced” traders to get you the passive income that you need.
According to their site, Kangot comes from two words: KAN and GOT:
- Kan means intuition or sixth sense
- Got means honorability or honor
Kangot belongs in the cryptocurrency trading MLM niche because while it has you investing real money, your trades are carried out in cryptocurrency.
The founder of the company is Roberto X Gonzalez, who says that he’s from Mexico. The website’s domain was launched in September 2019 under the name Robert Gonzales and is registered in the USA.
A quick Google search led me to one Robert Cantu Gonzalez, owner of a lead generation tool called BViral. They some weird travel certificate system that they sold to their members. The site didn’t last long and was closed eventually.
What was left of BViral’s program is now under Kangot.
Gonzalez also got involved with another MLM company called Club Orenda, a travel MLM which he co-founded in 2016. The company only lasted for two years and shut down in 2018.
This information isn’t made public on Kangot’s website, so I was quite surprised why he didn’t let people know about his MLM background.
Kangot Product Line
Kangot doesn’t offer any retail products, but instead, they have an ROI or return on investment service. You’re promised daily ROI of 0.5% to 3% as long as you invest anywhere between $100 and $50,000.
They also offer referral commissions when you sign up as a member and you get others to sign up for the program. This is explained in their Binary Compensation Plan.
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Does The Product Work?
Kangot claims that their ROI revenue is generated via “real life trading activities in various financial markets”, as seen below from an excerpt from their site:
The travel incentives from Kangot appears to also come from whatever’s left of the previous company, BVIral, so you’re probably being offered outdated incentives at best.
According to the travel incentives post, members are given vacation privileges such as lodging, preferential rates, cruises, and so on. The lodgings are probably time-shared, and the cruises and tickets you can get cheaper for yourself than working with this site.
But this is where it gets tricky. The promise of passive income and returns paid clearly indicates that Kangot is soliciting for investments. This isn’t something that you can just decide to do right off the bat. You’d have to be registered with the SEC or your country’s counterpart for the FTC to carry out these solicitations.
By their own admission, Kangot offers various “passive income plans” ranging from 0.5% to 3%. These are daily ROI’s from Mondays to Fridays until your return is complete.
They say they work with “experienced” traders who operate in “several financial markets”. So if these traders generate daily ROI of 3%, what do they need members for?
All he really needs to do is take a modest capital, compound it using his daily returns, and he’d be one of the richest people on the planet.
It’s clear that they recruit members because it’s their source of revenue.
How To Make Money with Kangot?
You can make money from Kangot through:
- Daily ROI’s
- Referral commissions
How To Get Started with Kangot?
If you want to join Kangot, you need to invest anywhere between $100 and $50,000 into the company.
The company mentions USD currency, but the investments are done in cryptocurrency.
Kangot Compensation Plan
Kangot members invest $100 to $50,000 on promises of advertised returns.
- 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%
Kangot pays a 10% commission on funds invested by members.
Kangot pays out residual commission via a binary compensation structure. Members are paid out 10% of funds generated on their weaker binary team side.
Kangot Ugly Truths Revealed!
#1 Unregistered With The SEC
You have to be registered with the SEC to carry out solicitations for investments. If you’re from another country, you still have to be registered to invite people into these programs.
So how did I know that they’re not registered? A quick search at SEC EDGAR’s database revealed that neither Kangot nor Gonzalez are registered.
#2 Traders Are Probably Unregistered Too!
Their traders are probably just ordinary people, or rather just members who got into the program early on.
Again, with legitimate trading platforms, even the brokers have to be registered with respective financial institutions. This is so they have liability when there are discrepancies or something illegal is being done.
If you go to sites like 24Option and IQ Option, they’ll make it easy for you to check their registrations and their accreditations.
#3 No Actual Trading Done!
So there’s no trading being done here because the profits being mentioned come from the members’ investments. They’re basically running a pyramid scheme type of compensation plan where income is paid out to the higher tiers first and then work their way down.
Once the recruits stop coming in, the money stops too.
What I Like About Kangot?
I am not quite sold on the program, so there’s just nothing to like here.
Is Kangot a Scam?
I think there’s something shady going on with Kangot, and that doesn’t sit well with me.
- Their business model just doesn’t make sense, and there’s no way that people are making money at all.
- There’s no trading being done here, so the money used to pay off investors come from recruiting people.
- They’re operating illegally and they’re not registered with the SEC or any financial institution.
Stay away from this program at all costs. Go talk to legitimate and registered brokers.
How I Make a Living Online?
I'm not a fan of MLM, not because it's illegal or not profitable, but because of all the restrictions and the expensive costs involved.
Instead, Affiliate Marketing is my top recommended business model for anyone to make money online.
The reason is simple...
- You don't have to recruit anyone to make money
- You have the freedom to promote any products you want and not being restricted to only promote the products from one MLM company
- It's Free to get started
In fact, with affiliate marketing...
I've personally created a 4-Figure Monthly Passive Income Stream and become financially independent at just 21 years old without any College degree or working experience!
Through my own hard work, I went from a broke restaurant waiter to living my dream laptop lifestyle in less than a year's time...
If you want to discover the secrets of how I did it at such a young age, click here!