C12Pool Review: GoldCoders Ponzi scheme
C12Pool fails to provide ownership or executive information on its website.
C12Pool’s website domain (“c12pool.com”), was privately registered on September 20th, 2023.
If we look at C12Pool’s website source-code, we find a reference to “Mango HYIP”:
If we visit Mango HYIP we find scammers selling GoldCoders Ponzi scripts and templates.
GoldCoders is a Ponzi website factory.
BehindMLM recently reviewed Empic, another MLM Ponzi scheme running GoldCoders software.
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.
C12Pool has no retailable products or services.
Affiliates are only able to market C12Pool affiliate membership itself.
C12Pool’s Compensation Plan
C12Pool affiliates invest $20 or more in cryptocurrency. This is done on the promise of 12% a day for 12 days.
C12Pool pays referral commissions on invested cryptocurrency via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
C12Pool caps referral commissions at five unilevel team levels.
Referral commissions are paid as a percentage of cryptocurrency invested across these five levels as follows:
- level 1 (personally recruited affiliates) – 5%
- level 2 – 2%
- level 3 – 1.5%
- level 4 – 1%
- level 5 – 0.5%
C12Pool affiliate membership is free.
Full participation in the attached income opportunity requires a minimum $20 investment.
C12Pool solicits investment in various cryptocurrencies.
Although C12Pool offers up an AI trading ruse…
The heart of C12pool Trading’s solution lies in its AI algorithms.
These algorithms are designed to identify patterns, trends, and anomalies within the crypto market that may not be apparent to human traders.
…we know that’s baloney because C12Pool is running a GoldCoders Ponzi script.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve C12Pool of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
Update 29th October 2023 – C12Pool has collapsed. As at the time of this update, C12Pool’s website is no longer accessible.