Mr CryptoCoins Review – Is This A Good Opportunity Or Big Scam?
Mr CryptoCoins 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 Mr CryptoCoins.
I have simply gathered for you all the facts in this Mr CryptoCoins Review in order for you to make a proper decision about it.
So, is it true? Is Mr CryptoCoins a scam?
Can it really help you build an online empire?
Let’s carry on with the review.
What Is Mr CryptoCoins?
Take a quick look through Mr CryptoCoins’ website, and it is apparent very quickly that this is a company that’s trying to remain as anonymous and secretive as it can.
The company’s website doesn’t show any information in regards to who owns Mr CryptoCoins, when it was launched, where it’s being run out of, etc. This is all pertinent information that’s important to have a solid understanding of whenever looking to join a new business opportunity, and its absence with Mr CryptoCoins isn’t a good sign to say the least.
Look at the domain registration, and you’ll find a similar situation.
Although it does reveal that the domain (mrcryptocoins.com) was registered on March 22, 2017, the private nature of the registration means that we have no way of knowing who the owner of the domain is or at what address there registration took place.
What Are The Products For Mr CryptoCoins?
The product line is one of the most important factors for any multi-level marketing opportunity, but this is something that the admin for Mr CryptoCoins must not be aware of.
Nowhere in Mr CryptoCoins setup will you see any sort of product line in operation, and as such, affiliates for the company only have the affiliate membership to try and offer to people that are interested in it.
Nothing is being sold to retail customers, and this results in no retail sales activity in the slightest.
A lack of retail sales is one of the biggest and most notable red flags you can come across in the MLM world, and it’s commonly a prominent sign that you’re dealing with a scheme or scam of some sort within the MLM underbelly.
In the case of Mr CryptoCoins, that appears to be the exact case.
What Is The Compensation Plan For Mr CryptoCoins?
On the compensation plan side of things, affiliates for Mr CryptoCoins are met with one very simple task — Invest money and get an ROI.
Mr. CryptoCoins is advertising a 200% ROI that is paid out to members after 80 days, and there are 8 different plans available for affiliates to invest into.
Choosing to invest more will allow your ROI to be greater, and they work our as follows —
- Mister 1 — Costs 0.05 BTC
- Mister 2 — Costs 0.1 BTC
- Mister 3 — Costs 0.3 BTC
- Mister 4 — Costs 0.5 BTC
- Mister 5 — Costs 1 BTC
- Mister 6 — Costs 2 BTC
- Mister 7 — Costs 4 BTC
- Mister 8 — Costs 5 BTC
If a direct ROI isn’t enough to hold your interest with Mr CryptoCoins, the company also allows affiliates to earn through residual commissions as well.
These residual rates are paid to members via a binary system, and with this binary system, points are added up to each side at the end of every day.
Once all the points are added up, affiliates earn a percentage of all the money that’s been invested.
Investing at a more expensive plan will allow you to earn a greater commission rate and daily earnings cap, and all of those number work out in the follow manner —
- Mister 1 — Affiliates earn a 5% commission rate with a daily earnings cap set at 0.1 BTC
- Mister 2 — Affiliates earn a 6% commission rate with a daily earnings cap set at 0.2 BTC
- Mister 3 — Affiliates earn a 7% commission rate with a daily earnings cap set at 0.6 BTC
- Mister 4 — Affiliates earn a 9% commission rate with a daily earnings cap set at 1 BTC
- Mister 5 — Affiliates earn an 11% commission rate with a daily earnings cap set at 2 BTC
- Mister 6 — Affiliates earn a 13% commission rate with a daily earnings cap set at 4 BTC
- Mister 7 — Affiliates earn a 15% commission rate with a daily earrings cap set at 8 BTC
- Mister 8 — Affiliates earn a 16% commission rate with a daily earnings cap set at 10 BTC
What’s Does It Cost To Join Mr CryptoCoins?
If you’d like to join Mr CryptoCoins, you’ll be looking at a minimum joining costs of 0.05 BTC. However, if you’d like to earn as much as possible throughout the comp plan, you can invest as much as 5 BTC.
Is Mr CryptoCoins A Scam?
Have you heard from a friend that Mr CryptoCoins is a scam?
Based on this review, it might be hard to tell.
What exactly is the truth about Mr CryptoCoins – is it a scam or legit?
Good news – Mr CryptoCoins 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.
Mr CryptoCoins Review Conclusion
As per the Mr CryptoCoins website, this is the main marketing message that the company is touting and running with —
“HOW DO YOU DOUBLE BITCOINS IN ONLY 80 DAYS?
Our traders are trading on cryptocurrency exchanges, such as ETH/BTC, ETH/USD, DASH/BTC, FCT/BTC and many other altcoin pairs and 90% of the time they always make a profit.
We go on every cryptocurrency exchange and do all the trading.
For example, exchange A sells bitcoin for 1000, while at the same time, exchange B sells Bitcoin for 1100.
We purchase cheap, and sell on the most expensive.
Of course that the more volume we have in Bitcoin, the more we can negotiate and thus giving our investors high profit every day.”
It’d be great if this sort of activity was taking place, but as per usual, Mr CryptoCoins doesn’t showcase any proof that it truly is.
As it stands, the only identifiable source of income making its way into Mr CryptoCoins is that of affiliate investments. The funs that are invested are turned around and used to pay off ROIs owed to other members, and with this, you get a Ponzi scheme.
Mr CryptoCoins got off the ground in late April, and with that 200% ROI set to get paid to members in 80 days, that would mean the first ROI payout should be around mid July.
That doesn’t give Mr CryptoCoins a lot of time to gather enough cash to pay everyone back, and when you also consider the fact that residual commissions are eating away at whatever funds will be available, it’s quite likely that Mr CryptoCoins won’t last a whole lot longer after that 80-day period.
The anonymous admin will break away from the company with the lion’s share of all the money around this period, and most everyone who is involved will likely end up losing out.
I sure hope that you have found my Mr CryptoCoins review helpful for you.
Some other reviews have been pretty scant on details, and I wanted my Mr CryptoCoins review to have all the information for you.
If you decide to carry forward with Mr CryptoCoins, 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.