Mr CryptoCoins Review – Legit Business or Big Scam? Find Out Here…
Welcome to my Mr CryptoCoins Review!
With the recent buzz surrounding this company, I decided to check it out for myself.
Whenever a new company is launched, I always like to research it and learn as much as I can.
If you have already heard of this company or you just came across it, you probably want to know if it’s legit, right?
Well, you came to the right place!
My review will cover the company background, the products and the compensation plan.
So let’s get to it!
Mr CryptoCoins Review – The Company
The Mr CryptoCoins website does not provide any information in regards to who owns or operates the business.
The Mr CryptoCoins website domain was registered privately as “mrcryptocoins.com” on the 22nd of March, 2017.
Hmm, not too much info there.
Let’s move on to the products…
Mr CryptoCoins Reviews – The Products
Mr CryptoCoins does not have any retail products or services to offer.
Affiliates who join Mr CryptoCoins can only market the affiliate membership.
The Mr CryptoCoins Compensation Plan
Affiliates who want to take part in the company compensation plan must invest bitcoin for a 200% ROI that is paid in 80 days.
There are currently 8 packages that affiliates can invest in, which include:
- Mister 1 – 0.05 BTC
- Mister 2 – 0.1 BTC
- Mister 3 – 0.3 BTC
- Mister 4 – 0.5 BTC
- Mister 5 – 1 BTC
- Mister 6 – 2 BTC
- Mister 7 – 4 BTC
- Mister 8 – 5 BTC
Residual commissions are earned on funds invested by downline affiliates and are paid out through a binary compensation structure.
A Mr CryptoCoins binary 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 created by adding another 2 positions under each of the first two, for a total of 4 positions.
Additional binary team levels are created as they are needed, and every 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, there is no limit as to how far down the binary team can grow.
Mr CryptoCoins counts up new investment volume on both sides of the binary at the end of every day.
Affiliates earn residual commissions as a percentage of the invested funds on whichever binary side is weaker.
The exact percentage that is paid out depends on the amount a Mr CryptoCoins affiliate has invested:
- Mister 1 – 5% residual commission, capped at 0.1 BTC a day
- Mister 2 – 6% residual commission, capped at 0.2 BTC a day
- Mister 3 – 7% residual commission, capped at 0.6 BTC a day
- Mister 4 – 9% residual commission, capped at 1 BTC a day
- Mister 5 – 11% residual commission, capped at 2 BTC a day
- Mister 6 – 13% residual commission, capped at 4 BTC a day
- Mister 7 – 15% residual commission, capped at 8 BTC a day
- Mister 8 – 16% residual commission, capped at 10 BTC a day
Cost To Join Mr CryptoCoins
The cost to join Mr CryptoCoins as an affiliate is a minimum bitcoin investment of between 0.05 and 5 BTC.
Verdict on Mr CryptoCoins
The first red flag with this company is the fact that they have no real products or services to offer…
New affiliates are recruited and must invest in bitcoin by purchasing it with real money…
This money is most likely used to pay off existing affiliates…
The only way to keep the income flowing is to continually recruit new affiliates…
The problem with this is that recruitment numbers generally don’t continually increase over the long term…
Once the initial hype is over…
Recruitment dies down and income decreases….
So, if you are thinking about joining this company, just keep that in mind…
I hope you enjoyed my Mr CryptoCoins review and if you have any questions, please leave them in the comments below…
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