Coin Forever Review – Legit Business or Another Scam? Find Out…
Welcome to my Coin Forever Review!
With so many new MLM companies starting up, it can be hard to know which ones are legit and which ones aren’t.
So how can you make sure your money stays safe?
Reading reviews is one of the best ways to learn all about a company before joining.
My review will cover the company, their products and their compensation plan.
So let’s dive in!
Coin Forever Review – The Company
I couldn’t find any information on the company website about who owns or operates Coin Forever.
On the 22nd of November, 2016, the Coin Forever website domain was registered privately as “coinforever.com”.
A little more digging reveals that Coin Forever lists Luis Castillo as the owner.
So, not too much information about the company, so let’s get into the products.
The Coin Forever Product Line
Coin Forever does not offer any retail products or services.
Affiliates who sign up for Coin Forever can only market and sell the affiliate membership.
The Coin Forever Compensation Plan
Affiliates who want to participate in the Coin Forever compensation plan must purchase $50 positions in a five-tier 2×2 matrix cycler.
This type of matrix puts an affiliate at the top of a matrix that has 2 positions right underneath 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.
A completed 2×2 matrix holds a total of 7 positions.
These matrix positions are filled through direct and indirect sponsorship of new affiliates.
Once all of the matrix positions are filled, a “cycle” occurs and the position cycles into the next tier like this:
- Matrix 1 (positions cost $50) – $50 commission paid out, generates a new Matrix 1 position and cycles into Matrix 2
- Matrix 2 – $100 commission paid out, generates a new Matrix 2 position and cycles into Matrix 3
- Matrix 3 – $200 commission paid out, generates a new Matrix 3 position and cycles into Matrix 4
- Matrix 4 – $300 commission paid out, generates a new Matrix 4 position and cycles into Matrix 5
- Matrix 5 – $2500 commission paid out and generates a new Matrix 5 position
There is a 10% matching bonus that is paid out on personally sponsored affiliate earnings that starts from Matrix 2.
In order for affiliates to qualify for commissions, each affiliate is required to sponsor at least two position purchasing affiliates.
Cost To Join Coin Forever
The cost to join Coin Forever as an affiliate is a $50 matrix position purchase.
Now next the verdict in this Coin Forever review….
Verdict On Coin Forever
Because of the lack of information on Coin Forever and it has no retail products or services, this company is nothing more than a Ponzi scheme…
The idea behind this company is just to fill up the matrix so you can get paid…
When companies take this route, there is no reason for people to stick around in case recruitment slows down and when that happens, the company will go under…
I know the truth can hurt, but it has to be revealed so people don’t get stuck by joining something that could potentially be a scam…
Anyway, I hope you enjoyed my Coin Forever review and if you have any questions, leave them in the comments below…
Jesse What Do You Recommend?
First, you should join something legit so if you already joined Coin Forever, this still applies to you because you should never put all your eggs in one basket…
After reviewing hundreds of companies and systems…
It’s the only system where you will learn how to build a business online step by step with the right training, tools and one on one coaching.
Yes that’s real one on one coaching to help you start up, setup and scale your business to your income goals…
Also, you are not selling anything yourself because this system has a sales team that does it for you.
Just take a look at my recent results:
Check out how my students are doing below…
In other words, it works!
You will thank me later 🙂
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See you at the top,
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