Coin Gain Review: Coin Gain Bot Pro Ponzi scheme
Coin Gain provides no information on its website about who owns or runs the company.
Coin Gain’s website domain (“congain.app”) was privately registered on August 30th, 2020.
At the time of publication Alexa ranks Argentina (8%), Venezuela (8%) and Egypt (5%), as the top three sources of traffic to Coin Gain’s website.
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.
Coin Gain’s Products
Coin Gain has no retailable products or services, with affiliates only able to market Coin Gain affiliate membership itself.
Coin Gain’s Compensation Plan
Coin Gain affiliates invest funds on the promise a 102.5% to 110% daily ROI.
Referral commissions are available on invested funds, paid down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 2.5%
- level 2 – 1%
- level 3 – 0.5%
If a Coin Gain affiliate generates $25,000 in downline investment, referral commissions are increased to:
- 3% on level 1
- 2% on level 2
- 1% on level 3
Joining Coin Gain
Coin Gain affiliate membership is free, affiliates are however required to maintain an active investment to earn referral commissions.
Coin Gain’s minimum investment amounts are as follows:
- $1 USD
- 0.0005 BTC
- 0.02 ETH
- 0.1 LTC
- 2000 DOGE or
- 20 XRP
Coin Gain represents it generates external revenue through “Coin Gain Bot Pro”, a trading bot.
No evidence of Coin Gain Bot Pro actually existing is provided.
Nor is there any evidence of external revenue of any kind being used to pay advertised returns.
Furthermore Coin Gain’s business model fails the Ponzi logic test.
If Coin Gain’s anonymous owners actually had a trading bot capable of generating consistent daily returns, what to do they need your money for?
As it stands the only verifiable source of revenue entering Coin Gain is new investment.
Using new investment to pay daily returns makes Coin Gain a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dies out so too will new investment.
This will starve Coin Gain of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
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