CoinMD Review – Is This A Good Opportunity Or Big Scam?
CoinMD has been getting a lot of attention on the web lately.
Because there is so much hype, a lot of network marketers are trying to sell this opportunity all over the place, including all over social media.
I want to let you all know that I am NOT in any way promoting or selling CoinMD.
I have simply gathered for you all the facts in this CoinMD Review in order for you to make a proper decision about it.
So, is it true? Is CoinMD a scam?
Can it really help you build an online empire?
Let’s carry on with the review.
What Is CoinMD?
CoinMD has recently been causing for some commotion in the MLM landscape, and as such, I figured now would be the perfect time to review the company to see just what it’s bringing to the table.
Right off the bat, CoinMD makes a pretty poor first impression with its official website.
There isn’t any mention of who owns the company, when it was founded, where it’s currently being run out of, etc. It creates for the feeling that the people behind CoinMD are trying to remain as faceless as they can be, and this is never something that I’m a fan of seeing.
CoinMD’s site domain was registered on May 3, 207, but there’s unfortunately no way of knowing who the owner of it is or where the registration took place since the thing was done privately.
However, here’s where things really start to get interesting.
After doing some additional research, I spotted that CoinMD’s compensation plan cites Tom McMurrain as the CEO for the company.
McMurrain was previously promoting the OneCoin Ponzi scheme prior to launching CoinMD, and seeing as how McMurrain stopped promoting OneCoin shortly after he registered the domain for CoinMD, my guess is that the man has since left OneCoin.
Having past involvement with a Ponzi scheme is never a good sign, but things get way worse when you learn that Tom McMurrain is a convicted felon.
Tom McMurrain launched a pay-day loan Ponzi scheme called Emergency One Cash Card Inc. some years back, and between 1997 and 2000, he stole more than $9 million from over 80 investors.
McMurrain was arrested in 2004 for his actions, and then sentenced in 2005 to serve 87 months in prison and pay back the $7.5 million that he had stolen from people during the run of Emergency One Cash Card Inc.
Tom McMurrain was later released between 2009 and 2010, and as soon as he was released back into the free world, McMurrain immediately signed up for a pyramid scheme called TVI Express.
Since then, McMurrain has been extremely active in the niche of cryptocurrency. OneCoin appears to be the only MLM opportunity that McMurrain has been involved with since his release, and in January the company stopped issuing ROI withdrawals.
So, just what does McMurrain’s CoinMD have to offer?
What Are The Products For CoinMD?
Taking a look at the product line for CoinMD, there’s unfortunately nothing to see here.
CoinMD has absolutely no goods or services to offer to customers, and as such, affiliates have nothing to do other than to try and get other people to invest in the company with them.
An MLM entity like this usually means that you’re dealing with a scheme or scam of some sort, and based off of McMurrain’s past MLM history, this wouldn’t be all that surprising.
What Is The Compensation Plan For CoinMD?
When it comes down to making money with CoinMD, affiliates spend their time investing real money into things called CoinRewards points.
By investing money into these points, affiliates can then exchange them at a later date with the hope of cashing out more money than what was initially invested.
CoinMD has a few different plans for affiliates to choose from, and they include the following:
- MD1 — After investing $1000, affiliates gain access to 50,000 CoinRewards points
- MD3 — After investing $5000, affiliates gain access to 150,000 CoinRewards points
- MD5 — After investing $10,000, affiliates gain access to 500,000 CoinRewards points
- MD10 — After investing $25,000, affiliates gain access to 1,500,000 CoinRewards points
- MD15 — After investing $50,000, affiliates gain access to 5,000,000 CoinRewards points
Once an affiliate has these CoinRewards points, they then have the ability to exchange them for CoinMD — a type of cryptocurrency that is not tradable on the public market.
A couple more things worth noting —
- Investing more money allows affiliates to have a higher weekly earning cap
- 30% of all commissions earned are paid out in the form of more CoinRewards points
On top of the ROI that can be earned from investments, affiliates are also compensated to recruit other individuals into the company that invest their own money as well.
These recruitment commissions are paid on personally recruited members, and the amount of money that you can earn here is determined by your affiliate rank.
What’s Does It Cost To Join CoinMD?
If any of this sounds appealing to you and you’d like to join CoinMD, your first step will be to pay an annually recurring membership fee of $29.95.
From here, you’ll then need to choose one of the following investment tiers:
- MD1 — Invest $1000 for a one year membership
- MD3 — Invest $5000 for a three year membership
- MD5 — Invest $10,000 for a five year membership
- MD10 — Invest $25,000 for a ten year membership
- MD15 — Invest $50,000 for a fifteen year membership
Is CoinMD A Scam?
Have you heard from a friend that CoinMD is a scam?
Based on this review, it might be hard to tell.
What exactly is the truth about CoinMD – is it a scam or legit?
Good news – CoinMD is not really a scam.
But, be sure to take a look at the conclusion, because there are some things you should be aware of.
This is how you will build a successful in your business.
Let me help you make more money.
CoinMD Review Conclusion
Let’s take a step back and see what CoinMD is advertising.
People are asked to join the company as affiliates by investing money into points, and these points can later be converted into a form of cryptocurrency that holds no value in the real world.
This sounds an awful lot like other cryptocurrency Ponzi schemes I’ve reviewed over the years, and when it comes down to it, that’s all CoinMD is — a Ponzi scheme operating in the cryptocurrency niche.
Affiliate investments are the only source of money funding this operation, and these are quite clearly being used to pay the ROI that’s owed to other members.
Along with this, the fact that affiliates are paid to recruit other investing members also adds a layer of a pyramid scheme on top of this.
It’s rather dumb that Tom McMurrain is running such a setup after he was arrested for something similar a few years back, but in any case, that’s exactly what’s going on here.
Nothing good is going to come of this, and as such, I recommend staying as far away from CoinMD as you can.
I sure hope that you have found my CoinMD review helpful for you.
Some other reviews have been pretty scant on details, and I wanted my CoinMD review to have all the information for you.
If you decide to carry forward with CoinMD, make sure you make the most out of it and learn how to market yourself online.
Click to get my free training that shows you how.