CGI Limited appear to be the parent company of Coinsinos, a self-contained MLM opportunity.

The two companies have near-identical websites, so to keep things simple I’m going to refer to the opportunity as “Coinsinos”.

Coinsinos operate in the cryptocurrency and gaming MLM niches. The company does not provide a corporate address on their website.

The Coinsinos website domain (“”) was privately registered on November 11th, 2017.

Listed as co-founders of the company on the Coinsinos website are Lorence Irvine (CEO) and Daniel Grenon (Chief Marketing Officer).

Lorence Irvine (right) is based out of the Philippines. Prior to founding Coinsinos Irvine was Zija International’s Country Director for the Philippines.

Today Irvine cites himself on Facebook as a “Company Advisor for Zija International”.

Daniel Grenon meanwhile was heavily involved in the OneCoin Ponzi scheme.

Grenon was a top Canadian OneCoin investor but left the company following his reported arrest in Tanzania at a OneCoin event in late 2016.

After OneCoin Grenon launched Worldwide Cryptocurrency Investment with Edward Hartley.

Following Hartley’s death in July, 2017, Grenon renamed the company Worldwide Cryptocurrency International.

Today the company is known as World Cryptocurrency International and markets itself as “a program you can trust”.

The company still operates as a Ponzi scheme, however Daniel Grenon does not appear on World Cryptocurrency International’s “WCI-team” website page.

Grenon was still actively promoting WCI as late as December, 2017. Whether he is still involved in the company is unclear.

Prior to getting involved in cryptocurrency Ponzi schemes, Grenon was a top affiliate of Organo Gold.

Read on for a full review of the Coinsinos MLM opportunity.

Coinsinos Products

On their website, Coinsinos state

the vision of the company is to create a new paradigm in MLM, Crypto Currency and online gaming.

To that end the company runs an online casino off the Coinsinos website domain itself.

Games currently offered on the Coinsinos casino website include “slots”, “live dealer” and “ladder game”.

The games themselves look pretty cheap and remind me of flash games from the early 2000s.

They don’t run too well either and despite having a pretty decent desktop, experiences serious frame-loss and lag.

To play with actual money you need a Coinsinos account. The signup form asks for personal details.

This goes as far as a single-field for an address but no country field. As far as I can tell anyone from anywhere can sign up for a Coinsinos account.

The Coinsinos Compensation Plan

Coinsinos affiliates sign up and invest in one of seven offered affiliate packages.

  • Bronze – $100 ($50 worth of betchips)
  • Bronze Elite – $500 ($250 worth of betchips)
  • Silver – $1000 ($500 worth of betchips)
  • Silver Elite – $5000 ($2500 worth of betchips)
  • Gold – $10,000 ($5000 worth of betchips)
  • Gold Elite – $25,000 ($12,500 worth of betchips)
  • Platinum – $50,000 ($25,000 worth of betchips)

In addition to a monthly ROI, commissions are paid when Coinsinos affiliates recruit new affiliates who also invest.

Monthly ROI

Each Coinsinos affiliate package is tied to an advertised monthly ROI payment for 12 months:

  • Bronze – $8.40 a month (12 month ROI = $100.80)
  • Bronze Elite – $42 a month (12 month ROI = $504)
  • Silver – $84 a month (12 month ROI = $1008)
  • Silver Elite – $420 a month (12 month ROI = $5040)
  • Gold – $840 a month (12 month ROI = $10,080)
  • Gold Elite – $2100 a month (12 month ROI = $25,200)
  • Platinum – $4200 a month (12 month ROI = $50,400)

Recruitment Commissions

Coinsinos affiliates are paid to recruit new affiliates 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.

Coinsinos cap payable unilevel levels at five, with recruitment commissions paid out based on how much recruited affiliates pay in fees:

  • recruited Bronze affiliates generate a $5 commission on level 1 (personally recruited affiliates), 4% on level 2, 3% on level 3, $2 on level 4 and $1 on level 5
  • recruited Bronze Elite affiliates generate a $25 commission on level 1, $20 on level 2, 15% on level 3, $10 on level 4 and $5 on level 5
  • recruited Silver affiliates generate a $50 commission on level 1, $40 on level 2, $30 on level 3, $20 on level 4 and $10 on level 5
  • recruited Silver Elite affiliates generate a $250 commission on level 1, $200 on level 2, $150 on level 3, $100 on level 4 and $50 on level 5
  • recruited Gold affiliates generate a $500 commission on level 1, $400 on level 2, $300 on level 3, $200 on level 4 and $100 on level 5
  • recruited Gold Elite affiliates generate a $1250 commission on level 1, $1000 on level 2, $750 on level 3, $500 on level 4 and $250 on level 5
  • recruited Platinum affiliates generate a $2500 commission on level 1, $2000 on level 2, $1500 on level 3, $1000 on level 4 and $500 on level 5

Residual Recruitment Commissions

Coinsinos pay residual recruitment 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 there is no limit to how deep a binary team can grow.

Each Coinsinos affiliate package generates a set number of points:

  • Bronze – 50 points
  • Bronze Elite – 250 points
  • Silver – 500 points
  • Silver Elite – 2500 points
  • Gold – 5000 points
  • Gold Elite – 12,500 points
  • Platinum – 25,000 points

These points are tallied up on both sides of the binary team when newly recruited affiliates pay package membership fees.

At the end of each day Coinsinos tallies up new points generated on both sides of the binary team.

Affiliates are paid 10% of points generated on the weaker binary side, with leftover points on the stronger side carried over.

Note that how much a Coinsinos affiliate can earn in residual recruitment commissions daily, is capped based on how much they themselves bought in for:

  • Bronze affiliates can earn $200 a day
  • Bronze Elite affiliates can earn $1000 a day
  • Silver affiliates can earn $2000 a day
  • Silver Elite affiliates can earn $5000 a day
  • Gold affiliates can earn $7500 a day
  • Gold Elite affiliates can earn $10,000 a day
  • Platinum affiliates can earn $15,000 a day

Matching Bonus

Coinsinos pay a three-level deep Matching Bonus on residual recruitment (binary) commissions earned by unilevel team affiliates.

  • level 1 (personally recruited affiliates) – 5%
  • levels 2 and 3 – 10%

Pool Bonus

Coinsinos take 10% of casino profits every quarter and place it into the Pool Bonus.

Coinsinos distribute the Pool Bonus to affiliates based on acquisition of Pool Points.

Coinsinos affiliates acquire Pool Points based on how much they pay in membership fees:

  • Bronze affiliates receive no Pool Points
  • Bronze Elite affiliates receive 1 Pool Point
  • Silver affiliates receive 3 Pool Points
  • Silver Elite affiliates receive 15 Pool Points
  • Gold affiliates receive 30 Pool Points
  • Gold Elite affiliates receive 75 Pool Points
  • Platinum affiliates receive 150 Pool Points

One Pool Point corresponds to one share in the quarterly Pool Bonus.

Joining Coinsinos

Coinsinos affiliate membership is tied to investment in one of seven offered affiliate packages:

  • Bronze – $100
  • Bronze Elite – $500
  • Silver – $1000
  • Silver Elite – $5000
  • Gold – $10,000
  • Gold Elite – $25,000
  • Platinum – $50,000

The primary difference between the affiliate packages is income potential via the Coinsinos compensation plan.

Note that there’s also a free Coinsinos affiliate 14 day preview option.

Free affiliates must invest real money in one of the above packages within fourteen days otherwise their positions are deleted.


While it’s tempting to take Coinsinos to task for offering punters gambling on cockfights, there are far more pressing issues with the business.

I will state however that the introduction of cockfight gambling (that is getting two roosters to fight until one dies or is critically injured), is something that should have no place in the MLM industry.

With respect to CGI Limited and Coinsino’s business model, the company claims it offers a fusion of “cryptocurrency & gaming”.

We are changing the norm in the gaming industry.

YOU are the casino. We play, We earn.

As far as I can tell however, Coinsinos’ the casino angle is smoke and mirrors.

The compensation plan is primarily funded by affiliates who invest on the promise of a daily ROI. Commissions are generated via recruitment of new investors.

This is your classic Ponzi pyramid hybrid set up, and because of that it really doesn’t matter what CGI Limited or Coinsinos attach the business model to. Even crypto cockfighting.

An example of this in practice is how one top Coinsinos affiliate described was happening inside the company:

A lot of people are taking multiple positions. That’s what a lot of people do, they (Coinsinos management) don’t mind that.

As long as your top position sponsors the other, so you’re not blocking out the upline. They don’t like that, they’ll change it if you do.

The investment positions are what is actually being marketed and sold within Coinsinos. Cryptocurrency, gaming and whatever else they might come up with is window dressing.

If you’re like me you’re wondering where cryptocurrency fits into all of this. Although not explicitly clarified, I believe the betchips are being set up as an in house cryptocurrency.

Either that or they’re just pointless tokens to launder invested funds through.

Coinsinos’ compensation plan material also mentions mining, however as far as affiliates getting paid there doesn’t appear to be any direct correlation.

Rather I suspect crypto mining is only mentioned to create the illusion of external ROI revenue.

Lip-service to casino profits (who is going to play crappy flash games?) and mining operations is all very well, but the only verifiable source of revenue entering CGI Limited and Coinsinos is new affiliate investment.

Using any amount of new investment to pay existing affiliates a daily ROI would make Coinsinos a Ponzi scheme.

The rest of Coinsino’s compensation plan is “pay to play” pyramid fraud, with affiliates paid directly and residually to recruit new investors.

This alone (forget about gambling regulation and cockfighting) is illegal in pretty much every jurisdiction Coinsinos could hope to operate in.

And that brings us to the obvious: None of this is even remotely legal in the US.

In an attempt to pseudo-compliance their way out of an illegal business model and regulatory compliance, CGI Limited and Coinsinos offer up the following disclaimer on their respective websites;

Coinsinos is not available in certain countries and territories including United States of America.

Well that’s one jurisdiction taken care of, right?


Despite claiming Coinsinos is not available in the US, Alexa currently peg the United States as the primary source of traffic to the Coinsinos website (79%).

I’m aware of at least two other CGI Limited websites set up, however neither has significant enough traffic for Alexa to provide metrics on.

So why is Coinsinos’ biggest source of website traffic from a country the company claims it isn’t operating in?

The answer is pseudo-compliance, because Coinsinos management themselves are busy low-key promoting Coinsinos across the country.

As the Facebook post to the right shows, about a week ago Daniel Grenon headed up a Coinsinos recruitment event in Las Vegas.

Call me cynical but Coinsinos game-plan appears to be “get as many US investors on board” before a public “oh we don’t operate in the US lulz” launch.

Primarily US affiliates will profit at the top of the compensation plan, with gullible suckers in third-world countries the targeted victims of choice.

Money wise Coinsinos are buying themselves a year to come up with 100% of invested funds. They have to as a good portion of funds are paid out as recruitment commissions. More will be lost once promotional travel expenses are factored in.

Those who get in early will make back what they invested through recruitment commissions, irrespective of whether Coinsinos sustains recruitment of new investors for a year.

The monthly ROIs will continue to be paid out until invested funds run out, at which point the DDOS, “we got hacked”, “banks are too small for us”, “someone’s mom died” excuses will be trotted out.

The wildcard is US regulators, who might also move to shut the company down before it takes off locally.

Bottom line? CGI Limited and Coinsinos are a new coat of paint on the same old Ponzi pyramid house of cards.