Coin Option review
Coin Option review: ROI in 48 hours of Ponzi scheme
Coin Option does not provide information on its website about who owns or runs the company.
The Coin Option website domain (“coinoption.net”) was privately registered on June 23, 2019.
In an attempt to appear legitimate, Coin Option provides UK incorporation details on its website.
The standard for joining the UK is already practically non-existent. However, Coin Option provides a false embed number.
As always, if an MLM company isn’t openly open about who runs or owns it, think hard about joining and/or handing over money.
Coin Option Products
Coin Option has no products or services available, and affiliates can only market Coin Option’s affiliate membership.
Coin Option compensation plan
Coin Option affiliates invest funds with the promise of announced returns:
- Start-up plan: invest $ 500 to $ 4000 and receive 200% ROI after 48 hours
- Premium Plan: Invest $ 4,500 to $ 10,000 and receive an ROI of 220% after 72 hours
- Advanced plan: invest $ 11,000 to $ 25,000 and receive an ROI of 250% after 7 days
- VIP Plan: invest $ 30,000 to $ 150,000 and receive 350% after 14 days
Referral commissions on invested funds are paid for three levels of recruitment:
- level 1 (personally recruited affiliates) – 10%
- level 2 – 15%
- level 3 – 20%
Coin membership is free. Full participation in the attached income opportunity, however, requires a minimum investment of $ 500
Coin Option claims that it generates external revenue through cloud mining.
coin LTD is involved in cloud mining, which enables our company to earn Bitcoins without mining hardware, software, electricity or bandwidth.
No evidence of mining operations is provided. There is also no evidence that Coin Option uses external revenue from any other source to pay affiliates.
Also, the Coin Option business model fails the logical Ponzi test.
As stated on the Coin Option website, affiliate investors “CAN EARN 40% PER HOUR”.
If Coin Option anonymous owners were able to legitimately create a constant 200% ROI every 48 hours, why do they need their money?
As it stands, the only verifiable source of income coming into Coin Option is a new investment.
Using new investments to pay existing affiliates a return turns Coin Option into a Ponzi scheme.
As with all Ponzi schemes, once affiliate recruitment runs out, so will new investment.
This will deprive the Coin Option of ROI revenue, eventually leading to a collapse.
The math behind Ponzi schemes ensures that when they collapse, most participants lose money.