Welcome to my Coin Place Review. There has been some vibe about this company called Coin place,so I decided to find out what the company was all about and do some research on the company.
You are probably here because you have heard of Coin Place and want to find out if it is a legit company or a scam.
Here is a detailed review on the company Coin Place and I would walk you through the Coin place company,the compensation plan,the products and the verdict.
Coin Place Review – The Company
No information has been provided by Coin Place on their website concerning who owns or runs the business.
They have provided a corporate address in the ACT, Australia. Though this corresponds with an office block, no evidence can be seen of Coin Place operating from the location.
coinplace.trade, the Coin Place website domain was privately registered on 27th September 2017.
As per Alexa estimate, Japan and Russia are the 2 largest sources of traffic to the Coin Place website at present at 38% and 13% respectively.
These percentages highly point out that whoever is running Coin Space is probably based out of one of these countries.
The Coin Place website defaults to Russian and there is existence of an active VKontakte social media profile in Russian. It strongly suggests the owner is from Russia.
An inspection of the official Coin Space Facebook group also shows majority of the members have Russian names. However, the admins are not listed,
If an Mlm company does not reveal who is running or owns it, think twice before joining and/or investing any money.
Coin Place Reviews – The Products
Coin Place has no retail services or products for affiliates to sell or purchase.
Affiliates who sign up with Coin Place are only able to market the company affiliate membership itself.
The Coin Place Compensation Plan
The affiliates of Coin Place invest cryptocurrency to receive advertised returns:
o Starter : invest $10 to $500 to get a 110% ROI after 15 days
o Medium : invest $25 to $10,000 to get a 6% daily ROI for 20 days (120%)
o Investor : invest $50 to $10,000 to get a 5% daily ROI for 30 days (150%)
Referral commissions are paid on funds invested by downline affiliates. They are paid out down 3 levels of recruitment (unilevel):
o level 1 (personally recruited affiliates) : 8%
o level 2 : 3%
o level 3 ; 1%
Cost To Join Coin Place
The cost to join Coin Place as an affiliate is free, however those affiliates whom wish to fully participate in the business opportunity and the company compensation plan are required to make a $10 minimum investment into the company.
Is Coin Place Legit Or A Scam?
Coin Place is actually legit and not a scam.However to be successful in Coin Place or any other network marketing company.It would depend on your lead generation technique,your ability to recruit and your lead generation technique.
Verdict on Coin Place
The trick behind Coin Place’s ROI revenue is trading on cryptocurrency exchanges.
As mentioned on their website, their traders benefit from the cryptocurrency volatility, meaning, they calculate the upcoming rate fluctuations.
In addition to lack of evidence of trading taking place or tied to Coin Place affiliate ROI revenue, this statement also fails the Ponzi logic test.
Coin Place claims that they already have a trading system. Why then are they soliciting funds from randoms over the internet?
A 150% ROI every thirty days translates into 1825% yearly. With compounding the rate is increased even more.
If the anonymous admin(s) operating Coin Place were capable of legitimately and consistently generating that much of a return, they would keep it to themselves and invest their own money.
The truth is that fresh affiliate investment is the sole verifiable source of revenue entering Coin Space.
Using newly invested funds to pay off existing investors makes Coin Space a Ponzi scheme.
This will allow the company to have some capital on hand to pay off older company affiliates with the new affiliates investments made into the business…
And when new affiliates stop showing up to join in, then so will the pool of money the company has to pay out those insane ROI rates…
So this is just like any other scam out there, once people stop being sponsored, there will be no more ‘new’ money and the company will stop operations soon after because no one is left to cycle through their scam.
Lastly, the simple math behind this scheme does not allow for most of those investing in the company to make money, in other words…. affiliates will lose money with their investment.
I hope you enjoyed my Coin Place review and if you have any questions, please leave them in the comments below…