TwiceCoin Review: GladiaCoin Ponzi reload scheme
TwiceCoin provide no information on their website about who owns or runs the business.
The TwiceCoin website domain (“twicecoin.com”) was privately registered on June 8th, 2017.
It’s worth pointing out the TwiceCoin company logo and website domain are pretty similar to that of GladiaCoin Ponzi scheme.
GladiaCoin launched earlier this year in March and promised a 200% ROI on bitcoin investment within 90 days.
By late May GladiaCoin ran into withdrawal problems. The scam collapsed in early June, leaving the majority of affiliates out of pocket.
In addition to similar design elements, TwiceCoin also uses the same CloudFront name-servers as the GladiaCoin domain. This strongly suggests the same CloudFront account is being used to host both websites.
References to “gladia” also appear in the TwiceCoin website source-code:
All of this points to both TwiceCoin and GladiaCoin being run by the same person/people.
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.
TwiceCoin Products
TwiceCoin has no retailable products or services, with affiliates only able to market TwiceCoin affiliate membership itself.
The TwiceCoin Compensation Plan
TwiceCoin affiliates invest 0.02 BTC or more on the promise of a 200% ROI, paid out at a rate of 2% a day.
We double the amount of the plan chosen by you with a yield of 2% per day.
- Twice 2 – invest 0.05 BTC
- Twice 3 – invest 0.1 BTC
- Twice 4 – invest 0.3 BTC
- Twice 5 – invest 0.5 BTC
- Twice 6 – invest 1 BTC
- Twice 7 – invest 2 BTC
- Twice 8 – invest 4 BTC
- Twice 9 – invest 8 BTC
Referral Commissions
TwiceCoin pay referral commissions on downline investment 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 TwiceCoin tally up newly invested funds on both sides of the binary team.
Affiliates are paid a percentage of matched funds, based on how much they themselves have invested:
- Twice 1 (0.02 BTC, no 200% ROI) – 4% binary referral commission, capped at 0.04 BTC a day and/or 1.2 BTC a month
- Twice 2 – 5% binary referral commission, capped at 0.1 BTC a day and/or 3 BTC a month
- Twice 3 – 6% binary referral commission, capped at 0.2 BTC a day and/or 6 BTC a month
- Twice 4 – 7% binary referral commission, capped at 0.6 BTC a day and/or 18 BTC a month
- Twice 5 – 9% binary referral commission, capped at 1 BTC a day and/or 30 BTC a month
- Twice 6 – 11% binary referral commission, capped at 2 BTC a day and/or 60 BTC a month
- Twice 7 – 13% binary referral commission, capped at 4 BTC a day and/or 120 BTC a month
- Twice 8 – 15% binary referral commission, capped at 8 BTC a day and/or 240 BTC a month
- Twice 9 – 17% binary referral commission, capped at 16 BTC a day and/or 480 BTC a month
Joining TwiceCoin
TwiceCoin affiliate membership is tied to an investment of between 0.05 and 8 BTC.
There is also a 0.02 BTC “Twice 1” option, however this membership doesn’t pay a 200% ROI.
Note that the Twice 2 to Twice 9 TwiceCoin memberships have a monthly 5% fee.
This 5% fee is applied to the initial amount invested each month.
Conclusion
With GladiaCoin collapsing before anyone made their 200% ROI and TwiceCoin run by the same scammer(s), you’d have to be pretty brain dead to fall for the same model again.
Yet interest in TwiceCoin is noticeable from Spain, India and South America. Whether these are GladiaCoin investors hoping to recoup losses or gullible new victims, who knows.
TwiceCoin is composed of a group of highly specialized professionals from all over the world who operate a large volume of bitcoins trading daily.
What is certain though is TwiceCoin’s ROI have nothing to do with bitcoin trading, any more so than GladiaCoin’s did.
Once affiliate recruitment drops off, TwiceCoin will run out of ROI funds and the admin(s) will again do a runner.
As a TwiceCoin investor, that means you lose your money (again).
Same scam template with a new “name”.
My suspicion has been that Gladiacoin is just the first of many of these crypto-currency Ponzi’s that I believe are run by the same people.
Cointherum and RoyalCragonTraders are part of these crypto-currency Ponzi’s from the same people. All have the same MO, and I would be more surprised if they weren’t run by the same people. All will last no more than 90 days, and then the next in line will launch.
What has been telling to me is that not one of these Ponzi’s has been able to get one major promoter onboard to promote them, and thus why they fail within 90 days.
I think this is by design to keep them off the government agencies radar. If they get to big and run too long, it is too big of a risk the authorities will investigate and shut them down.
Anyone care to guess what’s flavour of the month in HYIP ponzi fraud circles ???
The scammers bring out new identical scams but how many of the losing fools who lose money will they continue to retain?
Surely at least some of them will wake up and see these scams for what they really are.
The truth of the matter is that the cockroaches who start these things are making millions of dollars, maybe even 10s or 100s of millions.
Sadly, there’s an inexhaustible supply of ignorant and gullible people who will jump at the chance to get rich quickly with no effort.
Everyone involved in Twice and Gladiacoin, make sure you file a complaint with the FBI. You might have a chance to recover your lost funds when they prosecute these criminals.
Gladiacoin was originally reported to the FBI in February. They are making a rather large case against them. ic3.gov/complaint/default.aspx/
Highly specialized scammers running the same bitcoin scheme under different names.
Highly specialized scammers: Satur Segades and Antonio Casas (Miami).
it is real that above said. i am the person who lose the huge of amount in gladiacoin.
the bastard i.e., gladiacoin runner is collapsed the lives of the people. please alert about this, don’t invest in this fault coin site.
please don’t do this and don’t lose your valuable money. thank you.