Team Coins Review – Legit Company or Another Scam? Find Out Here…
Welcome to my Team Coins Review!
With so many new MLM companies starting up daily, it can be hard to determine which ones are legit and which ones aren’t.
So, how can you go about figuring out which business to join?
Reading and learning as much as you can about any new company is one of the best ways to make sure you are making the right decision.
This review will cover the company, the products and the compensation plan.
Let’s dig in, shall we?
Team Coins Review – The Company
Team Coins does not have any information on their website in regards to who owns or operates the company.
I did find out that the Team Coins website domain was registered on the 23rd of March, 2017 and that Diana Schmitt of ADI.Works is identified as the owner, with an address in Mainhausen, Germany.
It seems that Diana is a relative of Robert Schmitt, who is an admin of the official Team Coins Facebook group and a support contact on the Team Coins website.
In fact, a March 30th post on the Facebook group confirms that Schmitt is the owner of Team Coins.
Team Coins Reviews – The Products
Team Coin does not offer any retail products or services to retail customers or affiliates.
Affiliates who join Team Coins simply market and sell the affiliate membership.
The Team Coins Compensation Plan
Affiliates who participate in the company compensation plan donate bitcoin to each other through a 2×6 matrix.
A Team Coins 2×6 matrix puts an affiliate at the top of a matrix that has 2 positions right under them.
These first 2 positions make up level 1 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.
Matrix levels 3 through 6 are made the same way and each new level holds twice as many positions as the level above it.
Once an affiliate signs up, they must donate 0.004 BTC to the affiliate who sponsored them.
Once this donation is made, the affiliate then qualifies to get their own 0.004 BTC from 2 affiliates who are sponsored into level 1 of their matrix.
Donations in the other 5 matrix levels work the same way, with the only difference being how much is donated at each level:
- Level 1 – Donate 0.004 BTC to the affiliate who sponsored you and receive 0.004 BTC from 2 subsequently sponsored affiliates
- Level 2 – Donate 0.006 BTC and receive 0.006 BTC from 4 affiliates
- Level 3 – Donate 0.02 BTC and receive 0.02 BTC from 8 affiliates
- Level 4 – Donate 0.11 BTC and receive 0.11 BTC from 16 affiliates
- Level 5 – Donate 1.26 BTC and receive 1.26 BTC from 32 affiliates
- Level 6 – Donate 5 BTC and receive 5 BTC from 64 affiliates
Cost To Join Team Coins
The cost to join Team Coins as an affiliate is a 0.004 BTC donation.
To fully participate in the company income opportunity, it will cost 6.4 BTC.
Verdict on Team Coins
I’ve seen a lot of these “gifting” companies pop up…
And they all work the same way…
The only way to make any income is to recruit new affiliates who will keep the gifting cycle going…
But what happens if you aren’t the best recruiter or the recruitment numbers die down?
Your income will suffer…
So, if you do decide to join this company…
Do it at your own risk…
I hope you enjoyed my Team Coins review, and if you have any questions, please leave them in the comments below…
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