JetCoin Review: Bitcoin doubler promising 200% ROI in 40-50 days
JetCoin provide no information on their website about who owns or runs the business.
The JetCoin website domain (“jet-coin.com”) was privately registered on May 7th, 2017.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
JetCoin Products
JetCoin has no retailable products or services, with affiliates only able to market JetCoin affiliate membership itself.
The JetCoin Compensation Plan
JetCoin affiliates invest bitcoin on the promise of a 200% ROI in 40 to 50 days.
JetCoin offer a total of seven plans affiliates can invest in:
- JC2 – 0.1 BTC
- JC3 – 0.3 BTC
- JC4 – 0.5 BTC
- JC5 – 1 BTC
- JC6 – 2 BTC
- JC7 – 4 BTC
- JC8 – 8 BTC
Note that affiliates who invest in the JC2 plan must wait eight days for any withdrawal requests to be honored. The JC3 plan has a three day waiting period and the JC4 plan two days.
The JC5 and higher plans are paid out within one day.
Residual Commissions
JetCoin pay residual commissions via a binary compensation structure.
A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).
Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.
Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note that there is no limit to how deep a binary team can grow.
At the end of each day JetCoin tally up new investment volume on both sides of the binary team.
Affiliates are paid a percentage of matched investment funds on both sides of the binary team, subject to the following daily and monthly caps:
- JC1 (costs 0.05 BTC to sign up) – 9% binary commission, 0.1 BTC daily and 3 BTC monthly cap
- JC2 – 10% binary commission, 0.2 BTC daily and 6 BTC monthly cap
- JC3 – 11% binary commission, 0.6 BTC daily and 18 BTC monthly cap
- JC4 – 12% binary commission, 1 BTC daily and 30 BTC monthly cap
- JC5 – 18% binary commission, 2 BTC daily and 60 BTC monthly cap
- JC6 – 20% binary commission, 4 BTC daily and 120 BTC monthly cap
- JC7 – 22% binary commission, 8 BTC daily and 240 BTC monthly cap
- JC8 – 25% binary commission, 20 BTC daily and 600 BTC monthly cap
Unmatched volume on the stronger binary side is carried over to the following day.
Joining JetCoin
JetCoin affiliate membership is tied to investment in one of seven offered plans:
- JC2 – 0.1 BTC
- JC3 – 0.3 BTC
- JC4 – 0.5 BTC
- JC5 – 1 BTC
- JC6 – 2 BTC
- JC7 – 4 BTC
- JC8 – 8 BTC
A JC1 affiliate membership is also available for 0.05 BTC, however JC1 affiliates do not participate in the attached investment opportunity (see JetCoin compensation plan above).
Conclusion
Your first red flag with JetCoin is the 100% success guarantee provided on the company’s website:
JetCoin was created as a way for 100% of people to succeed rather than 97% fail.
JetCoin is yet another entry into the bitcoin doubler niche, which started with GladiaCoin a few months ago.
The ruse behind bitcoin double scams is “trading”. The scammers behind JetCoin are lazy enough to not even bother clarifying what trading they’re supposedly undertaking, but do mention they’ve got “the sharpest minds in the industry” working for them.
Right.
Without proof of trading taking place, or any such trading providing a 200% ROI within 40 to 50 days, all JetCoin are doing is using newly invested funds to pay off existing investors.
This is Ponzi fraud, with referral commissions paid out adding an additional pyramid layer to the scheme.
Obviously a 200% ROI in less than two months isn’t stable, with the doubler scam model typically collapsing anywhere after 75% of the initial maturity period is up.
GladiaCoin is a good example of this, with affiliate fees and desperate attempts to trap invested affiliate funds through higher volume plans recently introduced.
JetCoin is no different, with the scheme either collapsing outright or forced to introduce similar nonsense once invested funds run dry.
Update 26th July 2017 – Cecilia Wong of the JetCoin Institute has been in touch to advise they have nothing to do with JetCoin the Ponzi scheme.
We are a proper company who have worked hard to establish our digital token Jetcoin (JET) in sport and entertainment and are extremely disappointed to see that some other unscrupulous companies have taken advantage of our name (and logo in some instances) to confuse innocent individuals looking to invest.
We are currently listed on Coin Market Cap as an ERC-20 Token built on Ethereum.
It came to our attention that these other companies existed when we started receiving a host of emails from people who were not even in our database of customers.
These people thought we were them and started questioning us about their investments.
Then we noticed that we were also getting slandered by many different individuals on social media, so we launched an investigation into this matter to find out what was happening.
We can’t blame these people as our name squatters have actually used our logo in some of their social media and are obviously trying to influence people into thinking they are either us or affiliated with us in some way.
We have reported this to the relevant social media and Instagram has already taken down their page. We are still waiting for the rest of social media (YouTube, Facebook) to get back to us.
JetCoin Institute was launched in 2015.
Gladiacoin has made more excuses to not payout and is as good as gone! This new copycat called Jetcoin will collapse even faster!
Many silly people have woken up to these phoney trading schemes and stopped joining.
EzyInvest on the MMG forum is pimping this scam…nuff said
The Migration has started with all the leaders that have STOLEN most of the money from everyones downlines in Gladiacoin are now moving over to JET COIN.
The conference call tonite included the owner and master distributor for Jet Coin which I think will provid alot of confidence to those that were in other scams where they knew NO ONE and NOTHING about the entity.. Problem is that this measn NOTHING!!
So Jet Coin could have a 45 day window for people to STEAL others people new money should they get all the new funds from those leaving the likes of Gladiacoin,MeCoin, and BetRobot which went from HEROS to ZEROES!!
I am OUTTA of HERE BOYZZZZ
So WHO is the owner??.
If people would only educate themselves and see why and where the funds are coming from, then they would run the opposite direction; OR just invest in bitcoins and other digital currencies as they went along.
The increased value of digital currencies is here to stay as more and more governments are accepting and approving them as valid currencies.
The trading programs are not worth the space nor the effort they take up on the internet. If people would only use their logic instead of emotions, then they would save their self a ton of disappointment!
mobile.reuters.com/article/idUSKBN18T0K2
Yes copy cats booth dont make it so now what?
Gladiacoin never had any public owners that were traceable. In fact they were able to completely hide themselves, as only a bad actor nation could.
I checked out Gladiacoin and decided it would collapse, they built it up to a level were they had billions in funds and I am betting it will all disappear into tens of thousands of block chains. I hope they are stopped from getting away with this.
Jet Coin has checked out. I feel fine putting my money in it, if it does collapse down the road I will have more than made my money back. I don’t see that happening.
^^ Cuz that makes sense.
GladiaCoin and JetCoin are the exact same Ponzi business model. Nothing about it checks out, other than the fact it will inevitably collapse and most affiliates will once again lose money.
Jet-coin is the third program in a series of 5 identical programs. The layouts are identical, only the numbers differ on the number of days for the passive ROI and how much the binary percentage pays out on the weaker leg.
There is either a software boiler room knocking these out or its the same dudes. Or just a couple of different dudes. I pretty much figure one admin runs two or three of the 5 programs. Listed in order of release;
GladiaCoin,
eCoinPlus,
Jet-Coin,
CoinTherum,
Royaldragontraders,
All released in one month of each other virtually. Weeks after ecoinplus was released Gladia run into trouble, just over a week after Jet-coin was released eCoinPlus stopped paying. Am i seeing a pattern here.
There is no info on any of the sites about where and who runs the deals. There is talk that members have chatted with the admins of Jet-coin but still no one relally knows who is is behind the curtain Dorothy.
Has Jetcoin collapsed? Didn’t last long.
It’s all part of the cycle which will invariably follow the collapse of the Traffic Monsoon and My Advertising Pays “next-big-thing” ponzi schemes.
More and more schemes promising higher and higher returns will launch, to cater for the thousands of losers from TM and MAP trying to make good their loses.
Programs will launch and then collapse faster and faster until their lifespan can be measured in weeks, rather than months.
Anyone who continues to play ponzi, “get-rich-quick” and pyramid games at this point of the cycle is guaranteed to lose their money.
Anyone who is on their 3rd or 4th “losing doubler” must be extra stupid.
@Chris ponzi pimp Cronin…….are you into the BC scams?
These are all scams!! Gladiacoin, Jet coin, etc. don’t fall for them please.
I lost 1.6 bitcoin with gladiacoin. They play you on making a quick buck and then take a run. This is mastertheft at the highest order and everybody falls for it including top network marketers. It’s unbelievable.
Everything that is easy and looks to good to be true you have to run away from as fast as you can.
I’m expecting a call from a Jet-Coin rep. Glad I read these comments first. I will definitely say no to this.
They have “reps” who make calls? ponzi pimps starting to get sophisticated? tell these uncouth scammers to get lost.
Uh Oh. The end is near for the JetCoin scam. An announcement was posted on the top of JetCoin’s home page today.
JetCoin is cutting back on the amount of bitcoins that can be purchased, extending their ROI to 60 days and reducing binary earnings.
They are running out of suckers already. That was quick. Can’t wait for the next round of phony excuses.
Major Tom to ground control.
2018? They won’t last a week! The spineless promoters have abandoned them! Look out for the ponzi pimps peddling a brand new scam very soon.
@Oz
Is there a typo in this post? Shouldn’t the more expensive plan have shorter waiting period?
Yikes! A $10,000 haircut, courtesy of Jetcoin. Posted yesterday on Jetcon’s website. Hey, where did all my down lines go?
For those of you who were in at the 8 BTC level, as you know it may seem as if you lost 4 BTC. That is not the case at all! We have a great solution to get you back to the 8 BTC level immediately.
All you need to do is simply go to any affiliate link you choose to, and create a new account. Once the account is created, you will not pay!
You will send a support ticket letting the support desk know that you have created your new account. Once the support desk verifies you were in at the 8 BTC level, they will activate your new JC8 account at the 4 BTC level.
We are giving you the ability to choose where you want your new account to be!
This latest scamcoin ponzi has gone very quiet. The enthusiasm has left the foolish members and they are seeing that it is just another loss on top of their Gladiacoin losses.
May Day! May Day! JetCoin burst into flames, nose dived into the ground and exploded.
There was a 8 minute call Wednesday evening relaying tragic and disturbing news. Scumbag Ponzi artists Scott Chandler and Brent Robinson have sadly and with a heavy heart resigned from JetCon.
The flabbergasted and dismayed Scott had just found out there was no trading was taking place in Singapore and Japan for bitcoin. Brent was equally appalled.
Scott informed his bewildered and hostile audience that the trading program utilized by JetCon was a scam, used by 7 other bitcoin ponzi operations. Piano players Scott and Brent were shocked, shocked that there was prostitution going on upstairs.
Master Distributor Scott distanced himself, as has been doing for a week, that he is just an affiliate, an unsuspecting schmuck like the rest.
He even graciously gave out the number and email of the FBI to turn in those evil, lying, scamming owners of JetCon. Scott also put out the administrator, Greg Aggeson’s phone number. Go get em’ Scott.
Scott, being the patriot and all, said he was going to march right down to FBI’s office the next morning and turn those bastards in.
Yes, it was a sad and somber evening for the unwitting Scott and Brent. JetCon is no more. Easy come, easy go.
No need to worry about Scott and Brent. I heard they’re at CoinXL now. They are top marketers in their field and will land with both feet on the ground. Money for nothing, chicks for free.
I am one of the many victims of jet coin and hopefully they will continue, but it doesn’t look that way.
I am in a program called btcclock. Can you look into that and post a review? thank you.
Not MLM, single-level commissions only (HYIP).
@Otto
Thanks for catching that. Waiting period for JC4 is two days.
Here is a link to JetCoin’s new and improved ponzi website.
No more ROI.
jet-coin.com
Is there a a FBI site where people who have been scammed by Jet-Coin can register for any recompense after the Organisers are tracked down and made to pay back?
Usually it’s an SEC shut down that is followed by the establishment of a Receivership.
JetCoin = bitcoin = unlikely chance of recovering your money.