Coin Accelerator Review – Legit Company or Big Scam? Let’s Find Out…
Welcome to my Coin Accelerator Review!
With so many MLM companies out there, it can be hard to know which ones are legit and which ones aren’t.
So before you sign up based on hype, you should definitely do some research!
Reading reviews is one way you can learn more about a company, so I’m glad you’re here!
My review will tell you everything you need to know about the company, the products and the compensation plan.
So here we go!
Coin Accelerator Review – The Company
So the first piece of information I found was on the Coin Accelerator website, where it lists Louis Kramon as founder of the company.
Kramon refers to himself as ‘an internet marketer seeking to promote financial empowerment across the world‘.
There is no other information about Kramon on the company website.
I also discovered that the Coin Accelerator website was registered privately as “coinaccelerator.com” on the 26th of November, 2016.
Coin Accelerator Reviews – The Products
Coin Accelerator does not offer any retail products or services.
Affiliates who join Coin Accelerator can only market and sell the affiliate membership.
The Coin Accelerator Compensation Plan
Affiliates who want to take part in the Coin Accelerator compensation plan must gift bitcoin to each other through a 2×6 matrix.
A 2×6 matrix puts an affiliate at the top of a matrix that has 2 positions immediately under them.
These first 2 positions make up the first level of the matrix and the second level is made by adding another 2 positions under each of the first two, for a total of 4 positions.
Levels three to six of the matrix are made the same way, with each new matrix level holding twice as many positions as the level above it.
Every matrix level works as an independent cash gifting tier.
When an affiliate signs up, they must first gift 0.01 BTC to the affiliate who sponsored them.
Once they make this payment, the affiliate then qualifies to receive their own 0.01 BTC from 2 subsequently sponsored affiliates who are placed into the first level of their matrix.
All of the matrix levels work the same way, with gifted amounts increasing accordingly:
- Level 1 – Gift 0.01 BTC to the affiliate who recruited you and receive 0.01 BTC from 2 subsequently recruited affiliates
- Level 2 – Gift 0.02 BTC and receive 0.02 BTC from 4 affiliates
- Level 3 – Gift 0.03 BTC and receive 0.03 BTC from 8 affiliates
- Level 4 – Gift 0.04 BTC and receive 0.04 BTC from 16 affiliates
- Level 5 – Gift 0.05 BTC and receive 0.05 BTC from 32 affiliates
- Level 6 – Gift 0.06 BTC and receive 0.06 BTC from 64 affiliates
All of the above gifting payments, paid and received, recur monthly.
Cost To Join Coin Accelerator
The cost to join Coin Accelerator as an affiliate is a 0.01 BTC monthly payment to the affiliate who sponsored you.
To fully participate in the compensation plan, it will cost 0.21 BTC a month.
The moment you have been waiting for in this Coin Accelerator review…
Conclusion on Coin Accelerator
I feel as these kind of companies are popping up everywhere lately, and they have few major flaws…
First, they don’t have any products or services to market to customers so what are you paying for over here?
Second, you are gifting payments through a compensation plan so you can qualify to receive these gifting payments of your own…
So if no products or services are being exchanged here for these “donations”, then this company just becomes a gifting scheme…
Like all of these gifting companies, once recruitment slows down this company will take a huge crash…
This just means tons of people will lose out and whoever got in early will make a quick buck…
They should focus on long term not short term…
Well now you know the facts, it’s up to you if you want to join or not…
I hope you enjoyed my Coin Accelerator review and if you have any questions, leave them in the comments below…
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