Coin Accelerator Review: 2×6 matrix-based bitcoin cash gifting
The Coin Accelerator website identifies Louis Kramon as founder of the company.
Kramon claims to be ‘an internet marketer seeking to promote financial empowerment across the world‘.
No specific information is provided about Kramon on the Coin Accelerator website.
Louis Kramon appears to be a made up name. A Google search turns up three results, one of which is the Coin Accelerator website itself (the other two are ancestry and birth record related).
The Coin Accelerator website (“coinaccelerator.com”) was privately registered on November 26th, 2016.
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.
The Coin Accelerator Product Line
Coin Accelerator has no retailable products or services, with affiliates only able to market Coin Accelerator affiliate membership itself.
The Coin Accelerator Compensation Plan
The Coin Accelerator compensation plan sees affiliates gift bitcoin to each other via a 2×6 matrix.
A 2×6 matrix places an affiliate at the top of a matrix, with two positions directly under them:
These two positions form the first level of the matrix. The second level of the matrix is generated by splitting these first two positions into another two positions each (4 positions).
The third to sixth levels of the matrix are generated in the same manner, with each new matrix level housing twice as many positions as the previous level.
Each level of the Coin Accelerator matrix functions as an independent cash gifting tier.
A Coin Accelerator affiliate begins by signing up and gifting 0.01 BTC to the affiliate who recruited them.
This payment in turn qualifies the affiliate to receive 0.01 BTC from two subsequently recruited affiliates, placed into the first level of their matrix.
The other matrix levels operate in the same manner, with the amounts gifted increasing as follows:
- level 1 – gift 0.01 BTC to the affiliate who recruited you and receive 0.01 BTC from two subsequently recruited affiliates
- level 2 – gift 0.02 BTC and receive 0.02 BTC from four affiliates
- level 3 – gift 0.03 BTC and receive 0.03 BTC from eight affiliates
- level 4 – gift 0.04 BTC and receive 0.04 BTC from sixteen affiliates
- level 5 – gift 0.05 BTC and receive 0.05 BTC from thirty-two affiliates
- level 6 – gift 0.06 BTC and receive 0.06 BTC from sixty-four affiliates
Note that all gifting payments within Coin Accelerator (both paid and received) are monthly recurring.
Joining Coin Accelerator
Coin Accelerator affiliate membership is tied to a 0.01 BTC monthly payment to the affiliate who recruited you.
Full participation in the Coin Accelerator income opportunity costs 0.21 BTC a month.
From the Coin Accelerator website;
What is CoinAccelerator?
CoinAccelerator is a peer to peer network that is designed to help its members achieve their financial goal.
Whenever you see “peer to peer” used to describe payments in an MLM company, it’s code for cash gifting.
Coin Accelerator affiliates gift bitcoin to each other, with new affiliates directly paying existing Coin Accelerator affiliates.
Whoever is behind Louis Kramon sits at the top of the company-wide matrix, collecting the majority of funds deposited through level pass-ups.
A few early adopter affiliates will receive payouts as Kramon’s lower level matrix tiers fill up, but ultimately the majority of affiliates will lose money once Coin Accelerator collapses.