December 11, 2020 by Brian Priest Welcome To My CoinXtract Review. Is it a Legit daily 2.5% ROI MLM? Or is it just a Big Scam? Let’s find out. 🙂
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Hello everyone and welcome to my CoinXtract Review. There has bee quite a bit of talk about the CoinXtract company lately, So I decided to dig in deeper and see what all the chatter is about.
As a matter of fact you may have been approached by someone about their investment or business opportunity. And you came here to see if it is legit. So we are going to go through the company, the products and the compensation plan. And then you be able to make an informed decision about your future with the CoinXtract company.
So stay with me until the end and pay close attention as we go through this CoinXtract Review.
What is CoinXtract?
The CoinXtract company is a cryptocurrency/forex investment and trading platform with an affiliate marketing program. That offers it’s affiliates a promised daily ROI produced by the trading strategies of the company. And the CoinXtract claims that they generate the profits generated and passed on to its affiliate members. In addition to that I would put the CoinXtract company into the cryptocurrency affiliate marketing and passive ROI niche.
Some of the things about the business model I found to be suspicious and misleading due to lack of proof and facts. And I’ve even uncovered a couple of outright lies that will blow your hair back. And we are going to go over it all in the details below.
So let’s dig right in and look at the CoinXtract Company inside of our review.
Hey though before we start…
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Now let’s get started and see what we can dig up in our CoinXtract review.
CoinXtract Review – (The Company)
When I was doing research on the CoinXtract company for this review. I noticed several other reviewers are saying that the company doesn’t give any information on their website about who owns or runs the company. However if we scroll all the way to the bottom of the website we find this Image of Randy Fishkin.
As well as some text claiming the he along with Gillian Muessig founded CoinXtract as a blog by Randy Fishkin and Gillian Muessig in 2016. And it was a platform where they shared their research and ideas about cryptocurrency. Then they say that they launched the investment portion of the platform in the later part of 2016. After months of critical study of cryptocurrencies and coming to the realization about the bright and promising future of cryptocurrency. Then in 2019 they launched their affiliate investment platform. According to their website.
Now here in lies our first problem. You see Randy Fishkin is the CEO & Co-Founder of SEOmoz. And is a leader in the field of search engine optimization tools, resources & community. And in 2009 he was named among the 30 Best Young Tech Entrepreneurs Under 30 by BusinessWeek. In addition to that he has been written about it in the Seattle Times, Newsweek, and the New York Times among others.
And Gillian Muessig is the CEO of Outlines Venture Group, co-founder of Moz, CEO coach at NewGen Broadcasting. In addition to that she is an investor and an Advisor to companies across four continents. As well as an Advisor to the Bill & Melinda Gates Foundation.
Nowhere in my research was I able to find any connection whatsoever between the CoinXtract Company and either Randy Fishkin or Gillian Muessig. So that’s a giant red flag. Being deceitful about the leadership is a no no.
CoinXtract Company Domain
I was able to find out that the CoinXtract company domain, “coinxtract.com”, was privately registered on September 5, 2019 through namecheap and was updated August 9, 2020. And that makes it set to expire on Seprember 5, 2021. Now keep in mind that the CoinXtract Company claims they have been in business since 2016.
The Registrar information is pictured below:
Now that we know that lets find out where the company is located.
CoinXtract Company Location
Ok so you can plainly see that the CoinXtract company logo on that building is a real bad Photoshop image right? I mean seriously who believes that. What else do you want me say. It’s fake and we all know it.
However being the good sport that I am I wanted to give you something. So I found out the name and address of the company that actually owns and operates from that building.
The building in the picture is owned by Sunland Development Corporation who are based in the Phoenix and Glendale Arizona area. And the corporate headquarters offices are in that building along with many others. And here are their statement on one of their many websites. That are all interlinked somehow. It’s really pretty amazing!
Sunland Development Company – Company Statements
“Sunland Development Company is a full-service commercial General Contractor operating throughout the state of Alaska for over 25 years. Our wide range of clients include commercial organizations, Native Corporations, state housing authorities, as well as city, state, and federal governments. We are a licensed, bonded, and insured contractor serving Alaska and beyond.“
“We are committed to providing the highest quality products and services at a competitive price. Much of our success has been the result of our attention to detail and dedication to excellence we strive for on every project. We understand that building and maintaining relationships is just as important as providing quality construction. Each project is built with the client’s interest in mind and value is added through providing the highest quality service. Simply put, we’re dedicated to our clients’ satisfaction, we will complete their projects on time and on budget.“
“Building in challenging and remote locations is one of our strengths. With almost three decades of experience working in some of Alaska’s most challenging-to-reach locations, we understand the logistics and preparation involved in successfully completing projects in these areas. We have the knowledge, ability, and equipment to complete a wide variety of projects in almost any location.“
“Our goal is to always be honest in our dealings and we are committed to providing communities and individuals with results that are tailored to their needs and satisfaction.“
Here is a picture of the building without the CoinXtract Company logo photoshopped onto front of it.
I don’t care who you are. That’s funny as a rubber crutch right there.
So anyway now that we know that. Let’s see what the CoinXtract company offers for products in our review.
CoinXtract Review – (The Products)
Ok so it’s not a real big surprise to me that the CoinXtract company does not have any real products or services to offer retail customers or prospective affiliates and recruits. Which just straight up makes them a Ponzi Scheme in my opinion and in many countries. Especially countries like the United States of America and Canada.
The only thing you can do is become an affiliate and then you can promote the affiliate membership. And in addition to that you can invest in the company and start earning those passive incomes.
I don’t know what some of these companies are thinking. But people still buy into this kin of stuff all the time. And when one company crashes and they’ve scammed everyone that the can. They come up with a new name and do it all over again. Because they prey on gullible people with little to no experience in life and so desperate for a chance of hope that they give their life savings to these con artist some times. And it’s heartbreaking. So we are doing what we can to help folks be prepared. Please help spread the word about companies like these by sharing my posts on your social media.
So anyway let’s look at the CoinXtract company compensation plan.
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CoinXtract Review – (The Compensation Plan)
So by the way things look the CoinXtrtact company’s compensation plan is pretty simple and lame.
The CoinXtract company offers a very straightforward and basic 1-tier compensation plan for it’s affiliates. The CoinXtract affiliates invest bitcoin into the company on a promise that they will receive a ROI after 15 days.
The plan is very simple really. CoinXtract company affiliates invest $100 with promise of 2.5% daily ROI for 15 day. And after 15 days affiliates are able to withdrawal the profits they have made. In addition to that after 30 days they are also able to withdraw the investment itself. And there are maximum investment limits.
In addition to the above the CoinXtract company has referral program which is just a one tier affiliate program. And affiliates can earn 10% on their personally sponsored affiliates invested funds.
Also the CoinXtract company doesn’t pay any residual commissions or other bonuses after the first investment. However affiliates may refer as many people as they would like to.
Ok now let’s see what it costs to join the CoinXtract company.
CoinXtract Review – (The Cost to Join)
You can become a CoinXtract company affiliate for free. However if you want to take advantage of their crazy passive income returns. You will have to invest $100 in cryptocurrency. And it appears that they are advising Bitcoin the most. However as a side note the CoinXtract company claims to partner with all these cryptocurrencies which is impossible. They are moneys not companies.
So just to be clear they advise most of the people that invest with them to invest Bitcoin. However they claim they accept them all. But I’m still not clear on their “partnering” with cryptocurrencies. Heck i don’t think they know. LOL.
Alright now comes the part you’ve been waiting for. So stat with more just a few more minutes pay close attention.
Because here are…
My Final Thoughts
So is there some kind of scam going on behind the scenes at CoinXtract company? Well let’s take a look at the information we have gathered and see what the evidence tells.
The CoinXtract company is not only trying to hide the leadership. They flat out lied about who the founders of the company are.
In addition to that for a company that it supposedly 5 years old. Why is their website literally just a few months old at the time of this post..
Then they highjacked the image of a photo of the corporate office building one of the largest commercial development contractor corporations in the United States. And then poorly photoshopped their logo onto the image and tell us that’s their headquarters.
Like I always say. I may have been born at night. But it wasn’t last night.
Then to add fuel to the fire they don’t have any retail products or services.
They are claiming that they mining and trading for profit. However there is no evidence of the anywhere either.
And the only income I see coming into the CoinXtract company are new investments paying off existing members.
And that makes this company another ponzi scheme.
In addition to that they don’t have any kind of financial regulator, registrations, or even a corporation number.
I’m gonna have to say in light of all of this. Not to mentoion anything we may have missed or left out.
So yeah I think its a scam. Keep your money. Or invest in you. You’re worth it and You Can Do It.
Thanks for stopping by and I hope you enjoyed my CoinXtract Review and if you have any questions or comments, please feel free to comments section below. And i will get back to as soon as I am able.
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