Mining Capital Coin Review – Legit Business or Big Scam? Find Out Here…
Welcome to my Mining Capital Coin Review!
Whether you are new to the world of business or simply a returning visitor, it is likely you have questions about what is new and fresh in the market…
And while there are many great chances out there to build your skills and knowledge, you always want to make sure that you are not risking the draining of your wallet in the process.
Well, have no fear! Lucky for you, I have completed a lot of research about this company, their products and compensation plan that I shall share with you today…
Got any questions? Hold onto them until the end!
Mining Capital Coin Review – The Company
Initially, it was a bit difficult to find more detailed information about the background of this company, but a bit of digging did reveal that the Mining Capital Coin Review domain was registered privately as “miningcapitalcoin.com” on the 30th of January, 2018.
The website seems to clarify the CEO of the company as Jr. Caputti from Boston, Massachusetts, who is a former officer of the US Department of Homeland Security and employee of the Massachusetts Department of Education.
Now, how much of this is the truth is not verified so take from it what you will, however, I do recommend you proceed with caution before diving in.
But take note! The native language on the company’s website is Portuguese, Caputti often refers to his frequent travels back and forth from Brazil to Boston, and the compensation plan refers to the Brazilian Real.
Do you know what that means?
To me, it seems like this isn’t your average locally-based business.
In fact, it is most likely based out of Brazil… not really uncommon especially since there is a large Brazilian population in that state.
And that’s all that I found… not quite a lot about the company’s origins so let’s just move, shall we?
Mining Capital Coin Reviews – The Products
Mining Capital Coin doesn’t have any retail products or services for affiliates to purchase or sell.
Those who want to join as an affiliate with the company will market the company affiliate membership.
Well, that’s all I could really find about their products offered, but let’s just continue on in the meantime.
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The Mining Capital Coin Compensation Plan
Affiliates who want to participate in the company compensation plan are recommended to invest $250 to $5000… but wait! There is also a promise of an advertised 52-week rate of interest…
That sounds a bit interesting… no? Well, let’s break it down further. For each level invested, you shall receive compensation as seen below.
- Silver – Invest $250 and receive $60 a month
- Gold – Invest $500 and receive $120 a month
- Premium – Invest $1000 and receive $240 a month
- Platinum – Invest $2000 and receive $480 a month
- Diamond – Invest $5000 and receive $1200 a month
But please note that with each investment, the company is entitled to charge 3% on each withdrawal as well as a rate of interest.
On top of direct investments, affiliates are able to sponsor new investors and receive a monetary commission based on a scale seen below:
- Sponsor a Silver affiliate and receive $12.50
- Sponsor a Gold affiliate and receive $25
- Sponsor a Premium affiliate and receive $50
- Sponsor a Platinum affiliate and receive $100
- Sponsor a Diamond affiliate and receive $250
This company pays residual commissions through a binary compensation structure, which just means that with each affiliate, there is a promise of more sponsorships as they continue through the tiers.
For instance, the first level holds two positions, but as we move into the second level, another group is generated by splitting the first two positions into a total of four positions.
Got a visual in your head?
Any subsequent levels will continue to be generated, often doubling in sheer number as it continues to attract direct and indirect sponsorship of affiliates. There is no limit to how big a level can grow.
Also, it is important to note that each Mining Capital Coin investment package corresponds to a set number of points:
- Silver – 40 points
- Gold – 80 points
- Premium – 160 points
- Platinum – 320 points
- Diamond – 800 points
When affiliates in a level begin to invest, the point value corresponding to them will be added to their binary group and shall be tallied up by the end of the day.
For some, it can be a chance to reap the benefits, however, it means 50% residual commission on points that affiliates lose when they are in the weaker binary group.
The residual binary commissions are cut off at $5000 (10,000 points) every day.
Membership Fee Commissions
Each affiliate of this company has to pay a $50 per month fee based on the active investment package they have.
In this case, Mining Capital Coin will take these fees and use them to pay residual commissions through a unilevel compensation structure, something that is not uncommon when working with multi-level marketing.
Basically, the unilevel compensation structure places an affiliate directly at the top (Level 1) and every subsequently sponsored individual below them. This chain shall continue on forever.
Each level of this structure also has benefits like membership fee commissions as followed:
- Level 1 (personally sponsored affiliates) – 10%
- Level 2 – 7%
- Level 3 – 5%
- Level 4 – 3%
- Level 5 – 1%
Quite a complex structure I see here!
Cost to Join Mining Capital Coin
The cost to join Mining Capital Coin as an affiliate is dependent upon investment in their packages:
- Silver – $250
- Gold – $500
- Premium – $1000
- Platinum – $2000
- Diamond – $5000
I did note during my research that all these packages are only valid for 52 weeks and that the company seems to charge an additional $50 fee per active package invested into.
Verdict on Mining Capital Coin
Quite frankly speaking, I don’t think this company is 100% legit…
Their business seems to have a lot of gaping holes both with the SEC and with the products offered that makes me question their investment opportunities.
In the simplest of terms, their main goal is to generate ROI revenue through cryptocurrency mining, something that is somewhat of an increasing trend in the MLM world, forex, “sports trading”, and “crypto coins exchange”.
They seem to want to take advantage of a mining plant with the best equipment on the market, located in the United States of America.
But logically looking at it, they lack all the necessary evidence to prove their business model.
If the company’s anonymous owners were truly able to generate a consistent $14,400 annual ROI off a $5000 investment, as they seem to announce with such pleasure, then why would they be advertising to potential affiliates through the internet?
Do they not have the necessary facts and figures to be running as a stand-alone business?
The biggest issue I found with this company was their requirement to register their passive investment opportunity with the SEC, something they have failed to do yet as seen when I searched on SEC’s Edgar database.
Trust me, save your money and don’t risk getting tangled in securities fraud and wasting funds that are possibly being used to pay existing investors.
My advice? Keep your eyes open for business opportunities that won’t leave you losing more money than you have invested.
Still got questions? Feel free to drop a comment down below so that I can see it!
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