Coin Nuggets Review – Legit Biz Op or Big Scam? Find Out Here…
Welcome to my Coin Nuggets Review!
Whether you have been in the MLM business world for years or this is your first venture, I always say that the most important thing you can do before joining a new company is to properly research it.
You need to learn everything you can in order to determine whether or not it is a legit opportunity.
You work hard for your money and you want to be sure it will be a solid investment, right?
This review will tell you all you need to know about the company, the products and the compensation plan.
So, keep reading to learn more about Coin Nuggets!
Coin Nuggets Review – The Company
The first piece of information I found was on the Coin Nuggets website, where Michael Weber, CEO of I-Affiliate Marketing Inc., is listed as the owner of the company.
Weber first showed up on the MLM scene in 2015 as the admin of the X100K company.
After failing a number of times, X100K was finally shut down in early 2016.
Weber returned later that year when he launched PIF2Cash.
Online traffic estimates show that the PIF2Cash website saw a dramatic decrease in February, which is likely when it collapsed.
Coin Nuggets Reviews – The Products
Coin Nuggets does not have any retail products or services to offer.
Affiliates who sign up with Coin Nuggets simply market the affiliate membership.
Once an affiliate joins, they buy matrix positions in order to participate in the company compensation plan.
Matrix position purchases include access to a “marketing and downloads package” and advertising credits.
The Coin Nuggets Compensation Plan
To join the compensation plan, Coin Nuggets affiliates buy 1 cent positions in a two-tier matrix cycler.
Coin Nuggets utilizes two cycler matrix sizes: 2×4 and 2×5.
A 2×4 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 created by adding another 2 positions under each of the first two, for a total of 4 positions.
The third and fourth levels of the matrix are created the same way, with every new level holding twice as many positions as the level above it (8 and 16 positions).
A 2×5 matrix works the same way, simply expanding the matrix by one level, adding an additional 32 positions to the matrix.
Affiliates sign up and buy a 1 cent position in the 2×5 “Coin Matrix”.
As other Coin Nuggets affiliates buy matrix positions, the first level of the matrix fills up.
A cycle then occurs, which pays a commission and unlocks the second level of the matrix.
When all 5 levels of the Coin Matrix are filled, the position will cycle into the “Nugget Matrix”.
The Nugget Matrix works the same way as the Coin Matrix, needing positions at each level to be filled in order for a cycle commission to occur.
Cycle commissions that are paid across the two-tier cycler look like this:
- Coin Matrix Level 1 (positions cost 1 cent) – 1 cent commission and cycles into level 2
- Coin Matrix Level 2 – 4 cents commission, generates a new Coin Matrix level 1 position and cycles into Coin Matrix level 3
- Coin Matrix Level 3 – 20 cents commission, generates a new Coin Matrix level 1 position and cycles into Coin Matrix level 4
- Coin Matrix Level 4 – $3.75 commission, generates a new Coin Matrix level 1 position and cycles into Coin Matrix level 5
- Coin Matrix Level 5 – $256 commission and cycles into Nugget Matrix level 1
- Nugget Matrix Level 1 – $5 commission and cycles into Nugget Matrix level 2
- Nugget Matrix Level 2 – $20 commission and cycles into Nugget Matrix level 3
- Nugget Matrix Level 3 – $375 commission and cycles into Nugget Matrix level 4
- Nugget Matrix Level 4 – $6100 commission and cycles into Nugget Matrix level 5
Referral commissions are earned when personally sponsored affiliates cycle levels 3 to 5 of the Coin Matrix and levels 2 to 4 of the Nugget Matrix.
- Coin Matrix Level 3 – 5 cent referral commission
- Coin Matrix Level 4 – 45 cents referral commission
- Coin Matrix Level 5 – $24.50 referral commission
- Nugget Matrix Level 2 – $5 referral commission
- Nugget Matrix Level 3 – $20 referral commission
- Nugget Matrix Level 4 – $475 referral commission
New Coin Nuggets cycler position purchases and withdrawal requests are required to leave at least $20 in an affiliate’s account.
This $20 is slowly depleted through the automatic daily purchase of a new 1 cent Coin Matrix position.
Cost To Join Coin Nuggets
The cost to join Coin Nuggets as an affiliate is $45.05.
$25.05 of that initial fee is put towards 1 cent matrix subscriptions and the rest of the $20 is used to fund the initial $20 reserve minimum balance.
Verdict on Coin Nuggets
The first red flag with this company is the ROI numbers…
They just don’t add up…
1 cent positions supposedly turn a potential profit of $7285?
When all is said and done, the numbers are seemingly impossible…
And to top it all off, there are no real products or services to offer…
So again, it’s simply cycling money through a matrix with new income being generated from new affiliate recruitment…
These types of businesses just aren’t built to last…
So, my advice here is take extreme caution when considering this company…
Here are some legit company reviews I have done below:
I hope you enjoyed my Coin Nuggets review and if you have any questions, please leave them in the comments below…
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