Me Coin Review – Legit Business or Big Scam? Find Out Here…
Welcome to my Me Coin Review!
There has been some buzz about this company lately, so I figured I would check it out for myself.
Joining a new business is a big decision and not one that should be taken lightly.
When you choose to invest money in a company, you want to make sure it is in good hands.
So, how can you be sure you are making the right choice?
My review will provide you with the information you need about the company, the products and the compensation plan.
So let’s get to it!
Me Coin Review – The Company
The Me Coin website does not offer any information about who owns or operates the company.
As I am writing this, the only action you can take on the Me Coin website is to sign up as an affiliate.
I did manage to dig up that the Me Coin website domain was registered privately as “me-coin.com” on the 28th of January, 2017.
A little more research and I found out that Juan Carlos Olaya identifies himself as the CEO of the company.
Not too sure why this information isn’t available on the Me Coin website.
I also found some marketing videos on YouTube that also list Juan Carlos Olaya as President and co-founder of a company called Ingreso Cybernetico.
Olaya was promoting Ingreso Cybernetico as recently as May, 2016, however online traffic estimates that the Ingreso Cybernetico website began its decline throughout 2016 and 2017.
Olaya has been posting generic online marketing materials on his YouTube channel since May of last year.
Me Coin Reviews – The Products
MeCoin does not offer any retail products or services.
Affiliates who sign up with Me Coin can only market the affiliate membership.
The Me Coin Compensation Plan
Affiliates who are looking to participate in the compensation plan must invest bitcoin for a promised daily ROI:
- Trader Junior – Invest 0.102 BTC and receive a daily 0.00475 BTC ROI (18.75% a month)
- Trader Senior – Invest 0.3025 BTC and receive a daily 0.01425 BTC ROI (31.54% a month)
- Executive Trader – Invest 0.503 BTC and receive a daily 0.02376 BTC ROI (34.43% a month)
- Trader Scalper – Invest 1.05 BTC and receive a daily 0.0475 BTC ROI (35.71% a month)
- Day Trader – Invest 3.1 BTC and receive a daily 0.1425 BTC ROI (37.9% a month)
- Swing Trader – Invest 5.15 BTC and receive a daily 0.2376 BTC ROI (38.35% a month)
- Position Trader – Invest 10.2 BTC and receive a daily 0.475 BTC ROI (39.71% a month)
The company offers residual commissions that are paid out and tracked through a binary compensation structure.
This type of compensation structure puts an affiliate at the top of a binary team that splits into a left and right side.
Level 1 of the binary team holds 2 positions and level 2 is made by adding another two positions under each of the first 2, for a total of four positions.
Additional binary team levels are made as they are needed, and each new level holds twice as many positions as the level above it.
Binary team positions are filled by direct and indirect sponsorship of affiliates.
Currently, the depth to which the binary can grow is unlimited.
Each and every bitcoin that is invested by affiliates in a binary team equals 1 point and reinvestment equals 0.5 points per bitcoin.
Commissions are earned and paid daily in bitcoin at a rate of 10% of points that are earned on the weaker side of the affiliate’s binary team.
In order to qualify for binary commissions, affiliates must sponsor a minimum of 2 affiliates (one on either side of their binary team).
Caps on daily binary earning depend on how much the affiliate has invested:
- Trader Junior – 0.5 BTC
- Trader Senior – 1 BTC
- Executive Trader – 1.5 BTC
- Trader Scalper – 2 BTC
- Day Trader or higher – 2.5 BTC
If an affiliate chooses to separately invest into each of the 7 offered plans, their daily binary cap goes up to 3.5 BTC.
An affiliate investment also comes with a position in a 2×2 matrix cycler.
The Me Coin 2×2 matrix puts an affiliate at the top of a matrix that has 2 positions immediately underneath them.
These first 2 positions make up level 1 of the matrix and level 2 is made by adding another two positions under each of the first 2, for a total of four positions.
Every investment level works as a separate cycler tier, with positions at each tier filled by new investment and re-investment.
Once all 6 positions in the matrix are filled, a “cycle” occurs and commissions are paid out like so:
- Trader Junior – 0.015 BTC per cycle, capped at two cycles per day
- Trader Senior – 0.045 BTC per cycle, capped at four cycles per day
- Executive Trader – 0.075 BTC per cycle, capped at six cycles per day
- Trader Scalper – 0.15 BTC per cycle, capped at eight cycles per day
- Day Trader – 0.45 BTC per cycle, capped at ten cycles per day
- Swing Trader – 0.75 BTC per cycle, capped at fifteen cycles per day
- Position Trader – 1.5 BTC per cycle, capped at twenty cycles per day
Cost To Join Me Coin
The cost to join Me Coin as an affiliate is an investment in one or more of the 7 offered investment packages:
- Trader Junior – 0.102 BTC
- Trader Senior – 0.3025 BTC
- Executive Trader – 0.503 BTC
- Trader Scalper – 1.05 BTC
- Day Trader – 3.1 BTC
- Swing Trader – 5.15 BTC
- Position Trader – 10.2 BTC
Reading through the compensation plan one the website revealed that there is a “monthly repurchase of your investment centers” requirement.
This likely means that the investment plans recur monthly.
Verdict on Me Coin
One of the biggest red flags here is the fact that this company doesn’t offer any real products or services…
How can a company expect to have a constant flow of income if there are no retail customers who offer return sales?
The only way this company can keep the income coming in is by continually recruiting new affiliates…
But once the initial hype dies down, recruitment numbers generally decrease….
This means that affiliates will start to jump ship and look elsewhere for new streams of income…
This company isn’t likely to last very long with this kind of business model…
So my advice right now is to join at your own risk…
I hope you enjoyed my Me Coin review, and if you have any questions, please leave them in the comments below…
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