Coin Leaders Review – Is This A Good Opportunity Or Big Scam?
In the last few weeks, Coin Leaders has been getting a lot of attention in the network marketing circles.
With all this hype, I am sure you have seen some of your friends trying to sell Coin Leaders in your social media feeds.
The first thing you need to know is that I am NOT an affiliate or distributor for Coin Leaders.
I wanted to gather all the information about Coin Leaders in my Coin Leaders Review in order for you to make a decision about joining Coin Leaders.
Is Coin Leaders legit or a scam?
Will it be able to deliver on it’s promises to you?
Let me show you in my unbiased review of Coin Leaders.
Read on to find out what you need to know.
What The Heck Is Coin Leaders?
Today, the next company that’s up for my full review treatment is that of Con Leaders.
As per the official website for Coin Leaders, “operated by CL Singapore Pte. Ltd., which is based in Singapore. CL Singapore is wholly owned by Coin Leadership Limited, based in Dubai.”
Someone by the name of John Pretto looks to be the Chairman for Coin Leaders, and he’s got a pretty lofty corporate bio on the company’s website.
Once again according to the Coin Leaders website, “John Pretto is an accomplished, innovative and entrepreneurial technologist with over 20 years of senior management experience in information technology, marketing and operations. Past positions include serving as Chief Technology Officer for R66T (enterprise Wi-Fi), Chief Operating Officer for ComF5 (formerly DigitalFX – digital media marketing platform), CTO and Co-founder of HelloNetwork (streaming media technology), and VP of Technology for SmartConnect (video surveillance for gaming).”
Looking at Pretto’s MLM activity, it looks like he was a pretty active promoter of OneCoin back in 2015. OneCoin is an opportunity that was quickly discovered to be nothing more than a Ponzi scheme, and prior to his time with that, Pretto was a promoter for the nutrition company Nuverus.
From what I was able to tell, John Pretto first got mixed up with OneCoin sometime between early and mid-2015. I wasn’t able to tell if he’s still a part of the opportunity, but either way, that doesn’t help Pretto look like a reputable person to do business with.
With all of that info out of the way, here’s just what Coin Leaders has to offer.
What Are The Coin Leaders Products?
In regards to the product line that Coin Leaders if bringing to the table, I was let down quite a bit.
Here we have an MLM opportunity with no goods or services to market or sell to retail customers at all, meaning that affiliates for the company have nothing more than the affiliate membership itself to offer to prospective buyers.
This is a move that I’m never keen on seeing, as it’s usually only seen with schemes of some sort. No legitimate MLM opportunity can succeed without a product line, as its creation of retail sales often serves as the primary source of income.
Opportunities that lack a product line often get the majority of their funds from investments of their affiliates, and that is never a good business practice to see taking place.
What About The Compensation Plan For Coin Leaders?
Moving over to the compensation plan that’s at hand, Coin Leaders sees that its affiliates invest as much as €25,000 into something by the name of “DasCoin.”
According to Coin Leaders, DasCoin is a “hybrid cryptocurrency”, and it is currently being run and managed by DasCoin Limited out of Hong Kong.
After an affiliate hands over their money, they are then entitled to receive some sort of “software license.”
As per the Coin Leaders website –
“These software licenses makes it easy for anyone to receive cryptocurrency – directly from the source. There’s no need to buy coins on a currency exchange, or get involved with the complexities and hassles of a cryptocurrency “mining” process. Instead, CoinLeader software enables you to help build the distributed network (on which DasCoin operates) and receive DasCoins in return.”
Basically, investing more and more money into Coin Leaders will boost the value of DasCoin. So, if lots of affiliates are investing large amounts of money into Coin Leaders, DasCoin should be more valuable than if hardly any money was being invested.
To make things simple, Coin Leaders has outlined various payment tiers that affiliates can shoot for.
In addition to investing more to increase the value of DasCoin, affiliates are able to earn their DasCoin through “cycles.”
So, with that said, the available tiers include –
- Standard – Invest 100 EUR; get one upgrade and 1265 cycles
- Manager – Invest 500 EUR; get one upgrade and 6325 cycles
- Pro – Invest 2000 EUR; get one upgrade and 27,600 cycles
- Executive – Invest 5000 EUR; get two upgrades and 74,750 cycles
- President – Invest 25,000 EUR; get three upgrades and 373,750 cycles
Just what are those upgrades though?
If the rate of cycles being generated into converted DasCoins every drops below an efficiency rating of 50%, an upgrade is then put into use and an 100 efficiency rating is then reinstated.
In addition to this, an upgrade being set off also sees that cycles for affiliates are doubled if they have yet to be converted into DasCoins.
What’s The Cost Of Joining Coin Leaders?
If you’re interested in becoming an affiliate for Coin Leaders for whatever reason, you’ll need to make an investment into the company of at least 100 EUR. That investment can be as much as 25,000 EUR, and investing more and more into Coin Leaders will result in you having a greater potential to earn with the company.
So, Is There A Coin Leaders Scam Going On?
Have you been hearing rumours that Coin Leaders is a scam?
After reading this review, you might still be asking yourself if it is really legit.
So – what is the truth? Is there really a Coin Leaders scam going on?
If I am being perfectly honest, Coin Leaders isn’t entirely a scam.
However, there are some things you need to watch out for.
This is how you will be successful in online marketing. See the image below for details.
Finally, My Coin Leaders Review And Conclusion!
Think about this for a second.
From what I was able to find, Coin Leaders is an MLM opportunity that is –
- Primarily based out of Singapore
- Owned by some unheard of shell company located in Dubai
- Being run and operate by a man in the United States with a track record of getting involved with Ponzi schemes.
Sound like a solid deal to you?
I didn’t think so either.
Affiliates for Coin Leaders invest their money into these “cycles.” These cycles are then converted into DasCoins, and the value of them is entirely dependent on how much money is being invested into Coin Leaders.
The problem with all of this is the fact that DasCoins have no value outside of the Coin Leaders platform, making them entirely worthless in the real world.
The whole structure of Coin Leaders is very reminiscent to what is run by OneCoin, and to tie all of this together, Michael Mathias is cited to be the CEO of DasCoin Limited.
For those of you keeping track at home, Mathias is also an affiliate for OneCoin.
At the end of the day, Coin Leaders is nothing more than a hybrid Ponzi and pyramid scheme.
Similar to other schemes of its kind, Coin Leaders will run into some major issues once new recruits stop coming in.
This will cause the entire operation to collapse, and as things usually go, the vast majority of people who get involved will end up losing their money.
Sounds like a great opportunity, huh?
I really hope you have gained value from my Coin Leaders Review.
I wanted to make sure you had all the information you needed, because most other Coin Leaders reviews are just trying to sell you something.
If you really do decide to join Coin Leaders, I want you to succeed with your business. Learn how to market yourself properly!
My training can help you make money online!