MinerWorld Review – Is This A Good Opportunity Or Big Scam?
MinerWorld 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 MinerWorld.
I have simply gathered for you all the facts in this MinerWorld Review in order for you to make a proper decision about it.
So, is it true? Is MinerWorld a scam?
Can it really help you build an online empire?
Let’s carry on with the review.
What Is MinerWorld?
Nowhere on the MinerWorld website will you find any information in regards to who founded the company, who’s running things on a day-to-day basis, where MinerWorld is being run out of, etc.
I looked in every nook and cranny of MinerWorld’s site for this info, but it simply isn’t anywhere to be found.
MinerWorld’s domain name (minerworld.com.br) was registered back on September 7, 2014. The owner is listed as Cícero Saad Cruz, and there’s also a provided address in Mato Grosso, Brazil.
However, on July 23, 2017, Cruz and the Brazil address were removed from the registration details for the domain name. No real reason is provided as to why this change took place, so I’m unfortunately not all that sure what to make of it.
Cruz goes by the name of “Cicero Saad” in different marketing materials for MinerWorld, and in these he is also cited as the CEO and President for the business.
None of this information sounds particularly damning, but that’s quickly about to change.
Following some additional research, I found that MinerWorld has been involved in a heap of court cases for the past year or so.
Prosecutors from Paraguay have been investigating the company since late April/early May on the suspicion that MinerWorld is involved with Ponzi fraud, and a similar investigation was reportedly being conducted by Brazil’s Federal Police on August 8.
What Are The Products For MinerWorld?
With that info in mind, it likely won’t come as too much of a surprise that MinerWorld doesn’t have any goods or services being marketed or sold to retail customers.
The only thing that affiliates have to offer is the affiliate membership itself, and this results in there being no chance for any retail sales activity to take place.
In the world of MLM, this is about one of the biggest red flags that you can run across.
What Is The Compensation Plan For MinerWorld?
Moving on to MinerWorld’s compensation plan, affiliates have the choice between a few different investment tiers to sink their money into.
MinerWorld offers a daily ROI that’s paid for a total of 12 months, and choosing to invest more results in a larger ROI being paid out each day.
- Start — Affiliates in the Start plan invest $155 and then earn $0.84/day
- Basic — Affiliates in the Basic plan invest $310 and then earn $1.69/day
- Professional — Affiliates in the Professional plan invest $620 and then earn $3.39/day
- Enterprise — Affiliates in the Enterprise plan invest $1250 and then earn $6.84/day
- Ultimate — Affiliates in the Ultimate plan invest $2500 and then earn $13.69/day
- Prime — Affiliates in the Prime plan invest $5000 and then earn $27.39/day
- Investor — Affiliates in the Investor plan invest $10,000 and then earn $54.79/day
To supplement the daily ROI payments, affiliates also have the chance to earn on recruitment and residual commissions.
Recruitment commissions are simply paid as 10% of whatever is invested by personally recruited affiliates, whereas residual ones are paid to members via a binary structure.
Choosing to invest more with MinerWorld will not only allow you to earn a larger percentage for residual commissions, but it will also provide you with a higher daily earnings cap so you can maximize your earning potential.
What’s Does It Cost To Join MinerWorld?
If you’re for some reason interested in joining MinerWorld, you’ll need to first pay a membership fee of $15. From there, you can either invest between $155 and $10,000 into the investment tiers I previously mentioned, or you can choose a cheaper Entry level for $30.
Should you choose the $30 Entry level, you’ll only earn on direct and residual recruitment commissions and won’t have access to the daily ROI.
Is MinerWorld A Scam?
Have you heard from a friend that MinerWorld is a scam?
Based on this review, it might be hard to tell.
What exactly is the truth about MinerWorld – is it a scam or legit?
Good news – MinerWorld 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.
MinerWorld Review Conclusion
Similar to many other companies in the MLM landscape at the moment, MinerWorld claims that it’s using cryptocurrency trading to fund the daily ROI payments that are being offered to affiliates.
Per the company’s website:
“The company invests in research, mining of digital coins, relationship, new products and exchange. Through serious, limitless, and sustainable work, it provides good returns for investors.”
Here’s the problem — no data is provided to prove that this cryptocurrency trading is actually taking place.
The only funds that are clearly coming into MinerWorld is that of affiliate investments, and with these newly invested funds being used to pay off ROIs that are owed to other members, MinerWorld quickly turns into the Ponzi scheme it’s suspected to be.
Like other Ponzi schemes that we’ve seen come and go, MinerWorld won’t be able to sustain itself with a business model like this for too long. Recruitment/investment activity will eventually die down, and when it does, MinerWorld will be on its way to a full and total collapse.
Whether this happens first or the Brazilian investigations result in the prosecution of Saad and any other admins involved with MinerWorld, most all affiliates that get involved with it will end up losing out.
There’s a chance that early investors will be able to come out on top, but this unfortunately won’t be the story for the majority of people involved.
I sure hope that you have found my MinerWorld review helpful for you.
Some other reviews have been pretty scant on details, and I wanted my MinerWorld review to have all the information for you.
If you decide to carry forward with MinerWorld, 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.