If you are reading this to find out if TBC (The Billion Coin) is a Scam or legit, be rest assured your question will be fully answered.
I heard about TBC in 2016 about two months after it was launched. Since then I have reviewed and followed it to this recent 2020 update
The truth is that The Billion Coin (TBC) is a scam. Sorry if I hurt your feeling in the beginning by being so blunt. However, I will present all the facts so that you can judge for yourself.
Let’s Dive right in.
How I Learnt about TBC
I heard about The Billion Coin (TBC) in 2016 when a friend of mine who went for a seminar (here in Nigeria) told me about it.
I lent him N10,000 to buy 3 TBC. The price of 1 TBC then was about N3,000 ~ $8.
I did not buy it because I could not understand how this Cryptocurrency could continuously increase in price for no reason. Unlike other currencies, its value is not determined by supply and demand.
Back to my friend,
It’s about 4 years now and he is still stuck with the coin. Even though it’s stated on the official TBC website that 1TBC = 105BTC, my friend has not found a way to exchange it for any other crypto coin, fiat money, goods, or service.
He is a millionaire but only on the TBC website.
The above should be enough info on the legitimacy of the TBC. However, I want to dig deeper… in this order.
What is TBC?
TBC official websites
How does it work?
The Billion Coin Exchanges
TBC Admin Fee Scam
The Billion Coin in Uganda
FAQ
Conclusion
You can click on any of the subjects above to go straight to the section
1. What is TBC?
This is a cryptocurrency that was created to allegedly end poverty globally and bring a sort of balance between the poor and the rich.
It was launched with an initial price of 0.001 Euros per TBC in March 2016.
The Creators are not known, the only name tagged to it is an unknown Kris Kringle who is the admin.
“Kringle” is the smallest Unit of TBC such as the cent is to dollar and Satoshi to Bitcoin.
The coin is said to be decentralized, but it has been reported that members’ accounts have been indiscriminately suspended.
The 24 mins video below from the official website says more about the untrue claims.
2. What are the official websites of The Billion Coin?
The Billion Coin has about six official websites.
thebillioncoin.org
thebillioncoin.INFO
thebilliocoin.ph
thebillioncoin.trade
kringle.cash
TBC004.net
Note that these sites are not secure while some no longer work.
3. How Does it Work (Principle of The Billion Coin)
The Billion coin uses a software formula that measures the growth of its verified members and hence compensates the growth adequately.
What this simply does is multiply the total number of verified users by 1 Euro.
let’s say the number of verified users = 1 million.
Thus, the price of 1 TBC = 1 million X 1 Euro = 1 million Euros
It is also stated that the price of TBC grows by 1% – 5% daily.
The logic above is clearly devoid of market forces and defies any financial logic.
The question is who formulated it and why are people buying into the idea?
4.The Billion Coin Exchanges
None
Yeah, None…
There is no exchange anywhere for TBC. Even though TBC is alleged to be worth 105BTC, if you have it, you are stuck with it. Which logically places the true value at zero.
The only way to exchange your TBC is to lure someone else to the scam and directly sell the coin to him/her.
5.The Billion Coin Admin Fee Scam
One of TBC’s claims is to make a billion people millionaires but it seems, in reality, its mission is to scam a billion people.
Besides selling worthless coins to unsuspecting individuals, especially in developing countries. The TBC admin devised more ways to cash in on members.
One of the ways is the locking of members’ coins. They promised members that TBC will soon hit the exchange. Thus $10 admin fee in BTC is required to unlock the coins.
Your guess is correct… lots of people paid the fee…. Yes, their coins were unlocked… Yes, the exchange promises were lies.
The question is; why did these persons pay? Why didn’t they ask why they have to pay in BTC and not TBC?
6. The Billion Coin in Uganda
The Billion coin in its inception was popular in Nigeria and the Philippines majorly because of its population and recession at the time. Its next big market was Uganda.
In Uganda,
They claimed to have an investment scheme where members can get a monthly return. Then encourage members to invite their friends to earn more.
To receive your return on investment, you will have to create a TBC wallet and Pay admin fees. Member did this but did not get paid
…But they were not done scamming members… they told members that they have started a new project in Gold mining…. That members have to pay for the project to recover all their fund.
The truth is that if you don’t count your losses and walk away, TBC Admins will find more ways to scam you.
They often cite Nigeria as a success case. That there are stores that accept TBC in Nigeria for the exchange of goods and services.
I am in Nigeria, and I can tell you that it is a big lie. Nigerians that fell for TBC scammed have counted their losses and moved on.
7. Frequently Asked Question (FAQ)
What is the current price of TBC?
The true current Price of TBC is $0. It is worthless
List of Stores that accepts TBC
No store accepts TBC. Those who claim to have spent TBC in stores are lying, they cannot provide proof.
Is TBC a scam?
I believe that you know the answer to this question by Now. TBC – The Billion Coin is a scam keep off, if you are already involved, do not pay more money to the admin.
I believe you know the principle of demand and supply, i.e when the demand for a commodity goes high it is only natural that its price goes high too. TBC goes high irrespective of the demand. It only cares about people registering and tries to enforce its membership agreement on people. That is extortion. Please be guided, do not fall a victim to this.
Also, the admin is in charge of your worthless TBC, they can take it away from you at any time. At the end of this whole thing, Kringle (the admins) is the only one in profit. I believe most people that hold TBC know deep down inside know that TBC is one big scam although they pray and hope it magically becomes valuable.
How do I identify a Scam Coin?
Check out for the following: – Is the coin being centralized? – Does the coin pay return to its investors? – Does the coin depend on investors for it to be sustained? – Finally, do they keep begging you to join? Buy? Keep to rules?
If the answer to the above is yes, then you should find a better thing to do with that little cash of yours or better still help the less privileged with it.
It is also worthy to note that TBC is not listed in coinmarketcap.com where all cryptocurrencies are listed. Also, it is not traded on any cryptocurrency trading platform like Binance,Luno, or Quidax.
8. My Conclusion on The Billion Coin
That brings us to the end of the review,
What’s your thought on TBC,
Did you fall prey or do you intend to buy it?
Maybe you have a question or contribution.
Let me know right away in the comment section.
Cheers.
If you enjoyed the above, you will also like to read
TBC Trading Exchange is a cryptocurrency exchange platform. Allows users to buy, sell, and exchange digital currency on the platform. Features include secure payment/transactions. It supports multiple cryptocurrencies including Ethereum, Bitcoin, IOTA, Dash, Ripple, etc.
There's been quite the buzz over a coin called The Billion Coin (TBC), so I decided to dig a little deeper to see what all the fuss was about. TL;DR version: It's a scam. Stay away at all costs.
For the third time in a month, the regulator published an advisory notice stating The Billion Coin was unauthorized, and likely a form of pyramid scheme with promises of significant returns on investment in a matter of days.
The confusion is about a cryptocurrency called TBC ("The Billion Coin") and its derivative coin, the "Kringle". Yes The Kringle coin is as real as any cryptocurrency.
TBC cannot and will never have wide acceptability as BTC because its a scam. TBC is never found on the table of any coin market and does not have exchange and is not listed on any exchanges across the glob.
The live Billioncoin price today is $0.000076 USD with a 24-hour trading volume of not available. We update our BIL to USD price in real-time. Billioncoin has no change in the last 24 hours. The current CoinMarketCap ranking is not available, with a live market cap of not available.
This is a cryptocurrency that was created to allegedly end poverty globally and bring a sort of balance between the poor and the rich. It was launched with an initial price of 0.001 Euros per TBC in March 2016. The Creators are not known, the only name tagged to it is an unknown Kris Kringle who is the admin.
Currently, there is one site that allows selling TBC Online - https://thebillioncoin.trade/. While searching on the internet, you may also find TBC Exchange and other options, but we recommend you don't use them.
The TBC to BTC conversion rate today is 0.0000001754 BTC and has decreased by 1.12% in the last 24 hours. Our converter updates in real time giving you accurate data every time you use it to make a conversion.
Signs of crypto scams include poorly written white papers, excessive marketing, and claims that you'll make a lot of money quickly. You can contact several federal regulatory agencies and your crypto exchange if you suspect that you've been the victim of a crypto scam.
What does The Billion Coin do? TBC is a decentralized cryptocurrency that operates on its own formula which depends on the total growth of The Billion Coin community. It is a private group and users have to pay a wallet fee of $10 for joining the community.
Allows users to buy, sell, and exchange digital currency on the platform. Features include secure payment/transactions. It supports multiple cryptocurrencies including Ethereum, Bitcoin, IOTA, Dash, Ripple, etc.
Kringles are the smallest change of the crypto-currency TBC (TheBillionCoin). 0.00000001 TBC = 1 Kringle. The way you can calculate the conversion of Kringles into TBC is by dividing the Kringles by 100,000,000 to get the TBC equivalent.
Where To Buy Trader Joe's Kringle Danish Style? You can find Trader Joe's Kringle Danish Style at the Trader Joe's store that is closest to you or at any other supermarket; just go to the section of the store that is dedicated to frozen foods, and I'm sure you'll find them there.
How long do Kringles stay fresh? Kringle will stay at its best for about 5 days at room temperature or six months in the freezer. If you don't plan on eating your Kringle Gift for a few days, put it in the freezer, and when ready thaw at room temperature for about an hour.
Live KTT to BTC converter & Kringle Trade Token to Bitcoin calculator with KTT to BTC price chart. You can convert 1 KTT to 0.00000034 BTC. Live KTT to BTC calculator is based on live data from multiple crypto exchanges.
Pennies may not seem like much at first glance, but they can be worth more than face value. The 1943 steel wheat penny was made during a rare time in American history during WWII.
1803 Draped Bust Silver Dollar - This is one of the rarest and most valuable coins, and only four of them are known to exist. Each of these coins are worth around $1 million if they are in good condition.
TBC content will no longer be “end game content” when Wrath launches though, and there will be no servers where that will remain end game content. Wrath will be end game going forward on ALL current TBC content servers.
TBC stands for “To Be Confirmed”. It indicates that although something is scheduled or expected to happen, a particular aspect of that thing remains to be arranged. It is also used to indicate that a decision has been made but awaits confirmation.
The obvious place to sell your old coins is your local coin shop. They will be your best bet for selling low- to mid-range old coins like Wheat cents, Buffalo nickels, junk silver, and scarce silver coins and silver dollars. Check online reviews and feedback for coin stores in your area, and choose a couple to visit.
You can use a crypto exchange like Coinbase, Binance, Gemini or Kraken to turn Bitcoin into cash. This may be an easy method if you already use a centralized exchange and your crypto lives in a custodial wallet. Choose the coin and amount you'd like to sell, agree to the rates and your cash will be available to you.
What does The Billion Coin do? TBC is a decentralized cryptocurrency that operates on its own formula which depends on the total growth of The Billion Coin community. It is a private group and users have to pay a wallet fee of $10 for joining the community.
Currently, there is one site that allows selling TBC Online - https://thebillioncoin.trade/. While searching on the internet, you may also find TBC Exchange and other options, but we recommend you don't use them.
The name, TBC Bank, traces its root to its original name, Tbilisi Business Centre, dating back to 1992. Currently, TBC is registered as the official name of the bank, not just an abbreviation of the original name.
TBC stands for To Be Continued or To Be Confirmed. TBC is an internet slang initialism that is used to show that something is not yet finished or not yet decided. Home. Teen Slang Meanings. TBC.
Introduction: My name is Nicola Considine CPA, I am a determined, witty, powerful, brainy, open, smiling, proud person who loves writing and wants to share my knowledge and understanding with you.
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