CoinCome Review: Trading Strategies or the Ponzi Scheme

CoinCome likes to be called as the trading company and the one behind all those tricky strategies to generate external revenue. However, it fails to provide any evidence. The admins are anonymous too. Isn't an alarm for risky investment?
CoinCome Review: Trading Strategies or the Ponzi Scheme
1.3 (26.4%) 25 votes

CoinCome claims about its involvement in funds management and trading strategies. The company boasts about generating the external revenue through their selected methods. However, the website does not provide any detail about the names of the founders of the company.

I tried to check the domain (coincome.info) details which was registered on 17th February 2018. However, the registration is made private. So, I couldn’t get any information about the name of the owner of the domain.

The website has the incorporation number of the company and the details are for UK incorporation of Corporate Optimal Income LTD. The incorporation was made on 9th February 2018. Although the incorporation details are from the UK, the Alexa estimates most of the traffic origination from Russia. This indicates that whosoever is running CoinCome is from Russia.

As we have already seen it many times, company that are looking for a hideout turns towards UK corporation as it is easy to manipulate.

Talking about the products, the company does not have any products or services that can be retailed, and the affiliate program is the only verifiable product available with the company.

If you wish to join the affiliate program, you need to invest at least 0.005 BTC. They do have the free membership plan but that only entitles an affiliate to the referral bonus and not any other perks offered by the company.

There may seem some benefits of joining CoinCome, but it is always wise ignore companies that are not transparent from its investors. After all, you are investing your hard-earned money, you need to know where and for whom.

CoinCome – Compensation Plan

The company encourages its affiliates to invest bitcoin to earn huge ROI.

  • Plan 1: You must invest 0.005 – 0.1 BTC for receiving 2.1% ROI daily for 15 days
  • Plan 2: You must invest 0.1 – 1 BTC for receiving 2.3% ROI daily for 25 days
  • Plan 3: You must invest 0.5 – 5 BTC for receiving 2.5% ROI daily for 40 days
  • Plan 4: You must invest 3 – 50 BTC for receiving 2.9% ROI daily for 50 days
  • Plan 5: You must invest 0.02 – 0.2 BTC for receiving 150% ROI after 15 days
  • Plan 6: You must invest 1 – 10 BTC for receiving 250% ROI after 30 days
  • Plan 7: You must invest 3 – 50 BTC for receiving 450% ROI after 45 days
  • Plan 8: You must invest 1 – 10 BTC for receiving 1000% ROI after 60 days
  • Plan 9:  You must invest 0.2 – 2 BTC for receiving 2000% ROI after 80 days
  • Plan 10: You must invest 0.03 – 5 BTC for receiving 5000% ROI after 95 days

CoinCome – Referral Commission

CoinCome uses uni-level compensation plan to pay out the referral commission to its affiliates. In a uni-level compensation plan, an affiliate is placed on the top. The affiliates who are recruited personally are placed directly under the affiliate who recruited them.

For example, the affiliates recruited by the top affiliate are placed on level 1, directly under the top affiliate. The affiliates who are recruited by the level 1 affiliate are placed on level 2 and so on. This goes for an infinite number of series or until the plan collapse (which is not outlined by the company).

  • Level 1: 7%
  • Level 2: 2%
  • Level 3: 1%

Those affiliates who invest an amount equal to or more than 0.1 BTC qualify for the representative position. These representatives earn 10% referral commission on Level 1.

CoinCome – Reviews

Andrew: No one responses. I was stuck and raised many questions but was never answered.

Andrey V: I am not feeling good about the company. I tried to ask the names of the admins but never got a return answer. This platform is a chaos. These guys are running scam and soon it will be over like many others.

Conclusion from the above Reviews

CoinCome admins are not ready to show up. The platform has hiccups. What can you expect to follow next? CoinCome is a risky investment and as per my understanding, I would not advise to join this program.

The Verdict

Here we are again, looking into the prospects that a company that claims to be working as a trading master and has no evidence to back that claim of it. Now a day, these scams have become a lot common.

If you would calculate the ROI that an affiliate can earn in a year, you would be stunned. No one with such a high offering and able to generate such revenue would be sitting around and asking for funds from random over internet.

The truth is, their affiliate program is the only verifiable product. The funds invested by the new affiliates are used to pay the existing ones. This makes this entire scheme, a Ponzi scheme. As soon as the recruitment will freeze, the platform will collapse. Those joining early would be able to make some profit which is not guaranteed but most of the affiliates will lose badly.

As soon as the platform will collapse, the anonymous admins will run away. So, if you are looking to invest in this company, set aside the funds that you can afford to lose. This company is not safe at all.

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