Mint Builder Review: Matt Barkes ISN Ponzi ICO Reboots

Mint Builder is started by Matt Barkes , ex-CEO of ISN coins which collapsed twice. Mint Builder only offers bitcoin opportunity to an existing business model of MLM niche.
Mint Builder Review: Matt Barkes ISN Ponzi ICO Reboots
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Mint Builder’s website does not reveal the names of the owner or the founder of the company. However, I was able to get the lead of their domain (mintbuilder.com) owner which was registered on 12th October 2017.

The WHOIS provided the name of Matt Barkes as the owner of the domain and the address provided was of West Sussex, UK which is incomplete.

I found the profile of Matt Barkes on Facebook and discovered that he stays in US. Most likely, the company’s real operation is from the USA instead of the UK.

Matt Barkes history is not very decorated and has already been charged for operating various other bogus companies.

One such company was ISN coins. He was the CEO for this company. This company started in 2012 and collapsed in 2014. However, Matt started the second version of this company with revised compensation plan, keeping the business model similar.

This second version, ISN Coins 2.0 also lacked real products and was operated only on autoship affiliate program. ISN coins website clearly mentions that Mint Builder is the new face of the company.

All these links are lucid, but absence of Matt Barkes name on the Mint Builder website seem suspicious.

Mint Coin product comprises of gold and silver coins which the company notes as “Fine Mint Coin”. You need a referral id to complete registration and starting with their affiliate program.

If you wish to join their affiliate program, you need to pay $199 yearly.

Mint Builder – Compensation Plan

The affiliates are paid after the coin is sold to their retail customers. In addition, they have got commission for recruitment as well. As per this plan, the affiliates are paid monthly autoship fee. The website talks about retail customers, however, there is no retail commission in place for retail customers.

Mint Builder – Ranks for Affiliates

The compensation plan is segregated among 6 ranks.

  • Affiliate: A payment of $199 a year is required
  • Mint Builder: You need to sign up wither for autoship or recruit one new affiliate each month. In addition, you have to generate minimum of 25 points personally on both sides of the binary team. Your total downline volume should be 250 points which is required on both sides of the binary team
  • Student Mint Builder: You need to sign up wither for autoship or recruit one new affiliate each month. You must recruit personally minimum of two Mint Builder ranked affiliates, you have to generate minimum of 50 points personally on both sides of the binary team. Your total downline volume should be 500 points which is required on both sides of the binary team
  • Graduate Mint Builder: You need to sign up wither for autoship or recruit one new affiliate each month. You must recruit personally minimum of two Student Mint Builder ranked affiliates, you have to generate minimum of 75 points personally on both sides of the binary team. Your total downline volume should be 1000 points which is required on both sides of the binary team
  • Professional Mint Builder: You need to sign up wither for autoship or recruit one new affiliate each month. You must recruit personally minimum of two Graduate Mint Builder ranked affiliates, you have to generate minimum of 100 points personally on both sides of the binary team. Your total downline volume should be 2500 points which is required on both sides of the binary team
  • Master Mint Builder: You need to sign up wither for autoship or recruit one new affiliate each month. You must recruit personally minimum of two Professional Mint Builder ranked affiliates, you have to generate minimum of 150 points personally on both sides of the binary team. Your total downline volume should be 5000 points which is required on both sides of the binary team
  • Mint President: You need to sign up wither for autoship or recruit one new affiliate each month. You must recruit personally minimum of two Master Mint Builder ranked affiliates, you have to generate minimum of 200 points personally on both sides of the binary team. Your total downline volume should be 10,000 points which is required on both sides of the binary team

Mint Builder – Referral Commission

The company uses binary structure to pay referral commission to its affiliates. In a binary structure, an affiliate sits on the top and is allowed two affiliates on left and right which are on level 1. Each position on level 1 is allowed to recruit two affiliates which totals for 4 and sits on level 2 and so on.

According to the recruitment, the points are generated, and the residual commission is paid in the following fashion:

  • 100 points are gathered for recruiting a new affiliate
  • For recruiting a retail customer or already recruited affiliate when buying a Monthly Graded Mint Coin, gets 25 points

The company pays $250 for 250 matched points on both side of the binary structure. This is called a cycle. As per the rank, the number of cycles are allotted to each affiliate.

  • Affiliate: 1 cycle is allowed which sums for $250
  • Student Mint Builder: 2 cycles are allowed which sums for $500
  • Graduate Mint Builder – 4 cycles are allowed which sums for $1000
  • Professional Mint Builder – 10 cycles are allowed which sums for $2500
  • Master Mint Builder – 20 cycles are allowed which sums for $5000
  • Mint President – 40 cycles are allowed which sums for $10,000

Mint Builder Review

Nathan Dean: Having recently worked out my UK pension is going to be crap and I have just under ten years to work and save, I’ve started an automatic saving programme where every month I exchange cash for Numismatic graded silver, not just silver but collectible coins, here’s my first. I don’t have to worry about picking the right coin, they are always one ounce 999 silver and MS70 top grade automatically paid for and sent every month. In ten years I will save enough to more than double my state pension and cos it’s physical they can’t tax me from it.

Find out more and join me at http://www.mintbuilders.site and build a mint for your future.

Sherma Gomez-Lewis: ISN has opened my eyes…it’s amazing how sometimes you don’t know that you don’t know. My perspective has definitely changed on taking control of my finances…”A good man leaves an inheritance to his children’s children”.

Miranda Guy: ISN T&T is the safest way to buy real silver & real gold.The global economic crash will effect every one… The Rich,The Poor & The Middle Class.I am trying to save my life savings by taking paper cash and turning it into REAL MONEY ( GOLD & SILVER ).Folks you wont regret it.Sign up as a customer and you does get discounts. Thanks ISN T&T

Conclusion from the above reviews

The first review is the recent one made from Spain about Mint Builder. However, this review was shared back on company’s Facebook page as a post by the admin. The other reviews are too old and are referring ISN coins instead of Mint Builder. This puts us in confusion.

Mint Builder cannot be trusted as there are no recent reviews after Mint Builder came into operation.

The Verdict

Mint Coin has done nothing instead of adding the bitcoin opportunity to an already existing MLM scheme.

If you will look at the retail prices of the coins offered by Mint Builder, you would be shocked to see the difference and the overpriced coins. These coins are available online at lower rates.

  • MS70 Graded: Mint Builder price is $145, however, other offerings include a price of $32 or close to $99 with free shipping
  • American Silver Eagle GEM BU: Mint Builder price is $21.75, however, other offerings include a price of $18.95 to $24.95 with free shipping

Hence, you can always find a cheaper option for all the coins available on Mint Builder, so what is the point for buying it through their network.

I believe that Mark Barkes has done nothing, but instead has introduced bitcoin payments and has connected with old connections of ISN.

The product does not seem great and is just an attraction to fuel the autoship program. This suggests that the product has to do nothing or very little which makes this opportunity a pyramid scheme.

As we know, ISN collapsed twice, the same thing is going to happen to Mint Builder. Those who would join early would be able to make some profit and majority of the affiliates will be left without money and with coins for which they paid higher rates.

I would suggest to stay away from Mint Builder or it would eat your hard earned money again.

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