December 6, 2020, By Brian Priest Welcome to my CoinOption Review. Is it a legit Big ROI Crypto MLM? Or huge Ponzi Scam? Let’s find out.
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Hello everyone and welcome to my CoinOption Review. There has been quite a bit of talk lately about this newer cryptocurrency MLM called the CoinOption company. So I decided to dig deeper and see what all the chatter is about.
As a matter of fact you may have heard about the CoinOption company, or been approached by someone about their investment or business opportunity. And you came here to see if it’s legit. So we are going to go through the company, the products, as well as the compensation plan. And then you will be able to make an informed decision about your future with the CoinOption company.
So stay with me until the end and pay close attention as we go through this CoinOption Review
What is CoinOption?
CoinOption Is a Cryptocurrency Trading MLM company that you can join as an affiliate member and recruit people through your affiliate link and build a downline team to earn commissions. In addition to that the CoinOption company also offers a high ROI for your investment that we will talk about later in the compensation plan section.
And the CoinOption Company falls under a few niches. With the two prominent ones being Cryptocurrency Trading, and General Knowledge Cryptocurrency
Hey though before we start…
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Now let’s get started and see what we can dig up in our CoinOption review.
CoinOption Review – (The Company)
It appears that right from the beginning of our review that the CoinOption Company may be in trouble. And here is why. When I went to the company website today to continue my research. I can no longer get onto the site. I Keep Getting a “This Site Is Not Secure”, and a “this Site Is Blocked warning. And I cannot get through.
However I was able to gather enough information to get us clear enough to make the right choice about the CoinOption Company.
And just like all the other reviews that I’ve read. I have not been able to find out who owns or runs the company. Now that’s one red flag already. And the Coinoption company’s domain was origanally privately registered through namecheap in June 2019.
However it appear that it was renewed through godaddy.com. And is not set to expire until June 23, 2021. So if you look at the second form it says “British Virgin Islands”.
And…
In addition to that I read another report that confirms the CoinOption Company’s claims that they are register and Incorporated in the UK. And they their UK incorporation # is: 111222333. Now you that’s not true, Who is going to believe that. Besides, UK Corporation don’t have any real credibility anyways. Because they are not well regulated.
Now some of this stuff is on their website. However if you decide to venture to the CoinOption Company Website. Just remember that at the time of me writing this post that it is currently unsecure. And the site has been temporarily blocked for some reason.
And here is another thought that I want to share with you. If a network marketing company isn’t willing to be transparent about who is running or owns the company. Then you should think twice before putting your hard earned money into it. I don’t do business with someone i can’t contact. And support@youvebeenscrewed.com isn’t what I mean by contact.
so anyways that’s about all we know at the moment about the company overview. So let’s keep moving and see what the CoinOption Company offers its customers inside of our review.
CoinOption Review – (The Products)
Well it’s sad to say this again. But the CoinOption Company doesn’t have any products for it’s affiliate’s. Or to sell to retail customers.
And no products means red flag number 2. Because without the CoinOption company having retail products for sale. that means the only money coming into the company if from signing new affiliates. And that’s not good.
Because in order for a network marketing company to be legit they must have retail products or services. And more importantly they must have more retail sales than affiliate sales in the company. The FTC and SEC make it very clear!
But it seems that the CoinOption company chose to go a different route than being completely legit. Because they do not have any retail product or service offerings at all. And You can only get access to their services after you become an affiliate.
So that means every single person in that company is an affiliate. And that’s Bad, bad, bad. Yeah that’s really bad.
However if you want to take a look at some MLM companies that have retail products and services, check out my Green Compass Global review and my Jeunesse Global Review just to name a couple.
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So let’s keep moving and get into the CoinOption company’s compensation plan.
CoinOption Review _ (The Compensation Plan)
So to become a CoinOption.net affiliate. you will have to invest funds into the company on a promise you will get a return on your investment. And there are a few different option for you to get started with. You can either start off a little smaller. Or you can jump right in an get completely soaked.
With the CoinOption Company Starter Plan you can invest between $500 to $4000. And you will receive a 200% ROI after 48 hours.
In Addition to that you can start with the CoinOption Company’s Premium Plan by Investingfrom $4500 to $10,000 and will receive a 220% ROI after 72 hours.
Then there is the CoinOption Company’s Advanced Plan in which you Invest $11,000 to $25,000 and receive a 250% ROI after 7 days.
And the VIP Plan that requires you Invest $30,000 to $150,000 and you are promised you will receive 350% after 14 days.
I’m not sure they can deliver on all that. I mean that’s almost half a million return in just 2 weeks on $150k.
Interesting, they don’t want to let you know who they are and have no products. But they can get you crazy returns by next week…
ROTFL…..
Referral Commissions
The CoinOption Company pays affiliates referral commissions through a unilevel compensation plan.
A unilevel compensation plan puts the affiliate at the top of a unilevel team structure. And every personally sponsored affiliate is then placed directly under them to form level 1.
When any level 1 affiliate sponsors a new affiliate. They are put on level 2 of the original affiliate’s unilevel team. And If a level 2 affiliate sponsors a new affiliates, they are put on level 3 and so on and so forth…
However the CoinOption company caps their unilevel at three levels deep. And Below are the percentages you get paid on investment’s from your downline members:
- 1st Level (personally sponsored affiliates) – 10%
- 2nd Level – 15%
- 3rd Level – 20%
Now let’s see what it cost to join the CoinOption Company inside of our CoinOption Review
CoinOption review – (The Cost To Join)
You can become a CoinOption Affiliate for free. However if you want to take advantage of those huge ROIs the CoinOption company claims they can give you. Well then that’s a different story. If that is the case then you will have to invest at least $500 to get you going.
Now unlike a lot of other CoinOption reviews out there, I am going to be completely straight with you. So stay with me for just a few more minutes. Because Here are my……
My Final Thoughts on This CoinOption Review.
So is there some kind of Scam going on behind the scenes at the CoinOption Company.
Well Let’s look at the information we have collected and see what it tells us.
The first thing that always gets me wondering about a company is when they don’t tell us who they are. You know. They don’t tell us who runs or owns the company. And the CoinOption Company is guilty. Yup that’s Red Flag number 1.
In addition to that their website is currently unsecure and it is locked down. you can’t get in. Now that could be a ton of different things. However most of them are curable in literally minutes.
The Next thing is that the have no products. What are these companies thinking. They have to sell something to retail customers.
With that being said what this means is that if you are running an MLM company. Then you must have retail products or services with a retail price for retail customers. And a wholesale price for distributors and/or affiliates in order for the company to be a legitimate operating MLM company. Especially in many countries like the US and Canada.
And then to top it off they are making claims of crazy returns on investments. They even make a claim on their website that states that affiliate investors “CAN EARN UP 40% HOURLY PROFIT”.
If they could make those kinds of returns they wouldn’t need investors.
Final Verdict
Yeah I’d have to say I think this is a Ponzi Scheme waiting to happen. That’s if it hasn’t already and that’s what the problem is with the website.
I can’t recommend this mess. There’s no way the CoinOption Company is getting 350% ROI in two weeks. And when recruitment slows down thie company will crash. because they have no products to sell to keep the company alive, And you will lose your entire investment.
So hang onto your money and invest in you. And with a company that is tested, proven, and 100% transparent.
I hope you have enjoyed my CoinOption review. And as always if you have any questions or comments. Please feel free to leave them in the comments section below.
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Sincerely,
Brian Priest.
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