FineCoin Review: ICO with Lending Ponzi Scheme

FineCoin claims to be the finest European Cryptocurrency, but at the same time, it offers exchanges in USD. On top of that, the company mentions about the trading bot, that seems far away from existence., an addition the already crowded cryptocurrency niche, has opted to keep mum about the names of the founders of the company. The website says that FineCoin is the Europe’s Finest Cryptocurrency. However, the transactions are offered in USD. That contradicts the statement and to be candid, anyone can run these platforms from anywhere. So, the first statement itself of the website seems flimsy.

I checked the WHOIS for the domain ( which was registered on 9th December 2017, but could not get any lead from there as well. The domain was registered privately without disclosing the name of the owner of the domain and the address.

FineCoin has provided no evidence for any product or services apart from the affiliate membership program and if you wish to join the affiliate program, you need to invest a minimum of $100.

I would still suggest keeping distance from companies that are not transparent and like to hide behind the curtain for their good.

FineCoin – Compensation Plan

FineCoin sells FINE points ranging between 0.45 dollars to 1.20 dollars. These points are pre-extracted by the anonymous admins. FineCoin is targeting to get listed on the external exchange with price reaching $70. Let’s hope for best, but we cannot just base our investment on mere words.

Moving on, the points acquired by the affiliates are lent back to the platform for receiving the promised ROI.

  • Basic Plan: You need to invest $100 – $1000 for receiving daily ROI which is variable for 240 days
  • Standard Plan: You need to invest $1001 – $10,000 for receiving daily ROI which is variable as well as 0.1% daily ROI for 180 days
  • Professional Plan: You need to invest $10,001 – $25,000 for receiving daily ROI which is variable as well as 0.25% daily ROI for 120 days
  • Enterprise Plan: You need to invest $25,001 – $50,000 for receiving daily ROI which is variable as well as 0.35% daily ROI for 99 days

FineCoin – Referral Commission

FineCoin pays referral commission through unilevel structure. In Unilevel structure, an affiliate is placed at the top order. Personally recruited affiliates are placed directly under the affiliate who recruited them.

For example, the affiliates who are recruited by the top affiliate are placed on level one, right under the top affiliate. The affiliates who are recruited by any of the affiliate on level 1, are placed on level 2 under the affiliate who recruited them and so on. This goes on to an infinite number of row.

The referral commission is paid till third level of recruitment. Referral commission is paid as the percentage of funds invested by the new affiliates.

  • Level 1: 5%
  • Level 2: 3%
  • Level 3: 2%

FineCoin Review:

Ольга Черникова: You’re here writing that the minimum is to buy 2,000 coins on your site is written a minimum of 1000 coins. Where is the correct and accurate information, 2000 coins or 1000 coins

Hardijs Janovskis: Thats only thing i dont like – no fixed price 4 lending like competitors. 25 would be great but estimate doesnt mean nothing ??

Conclusion from the above reviews

The PreICO is going to start in few hours and there are almost 5900 followers on Twitter and more than 2000 on Facebook. However, there was one disturbing fact that does not seem to fit. Twitter account was started in 2014 and the company’s domain was registered in 2017. These two dates signals towards either a long pre-planned initiation or rebirth of a flop show.

In any case, there is no concreate reason to believe in any of the forecasts that the company has done so far.

The Verdict

The company declares its cryptocurrency as the finest among its competitors. However, there is no reason given to sustain this claim. FineCoin further boosts about the trading bot which the company is using to source ROI to its affiliates. However, there is no evidence even if this trading bot exists at all.

Hence, we are left with only affiliate program being the source of ROI for the affiliates. This makes this investment program nothing but a Lending Ponzi Scheme.

The funds invested by the new affiliates are used to pay the existing ones. Once the recruitment would freeze, and the minimum threshold will reach, the company will stop paying the affiliates.

Those joining early would be able to make some profit, however, majority of the affiliates will lose their money in the hands of these anonymous admins.

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