Coin-Gen Review: 300% ROI in 24 hrs Ponzi scheme
Coin-Gen provides no information on its website about who owns or runs the company.
Coin-Gen’s website domain (“coin-gen.com”) was privately registered on February 26th, 2020.
On its website, Coin-Gen claims to have been running for 685 days. Given the age of the website domain, this and the rest of the stats provided are assumed to be bogus.
In an attempt to appear legitimate, Coin-Gen provides a grainy UK incorporation certificate for “Coin Gen Limited”.
A search of UK Companies House records reveals no such entity is registered.
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-Gen has no retailable products or services, with affiliates only able to market Coin-Gen affiliate membership itself.
Coin-Gen’s Compensation Plan
Coin-Gen affiliates invest funds on the promise of advertised returns:
- Elite Plan – invest $50 to $25,000 and receive a 110% ROI in 24 hours
- Expert Plan – invest $500 to $75,000 and receive a 130% ROI in 48 hours
- Deluxe Plan – invest $3000 to $150,000 and receive a 150% ROI in 72 hours
- VIP Plan – invest $5000 or more and receive a 300% ROI in 24 hours
Referral commissions on invested funds are paid down three levels of recruitment (unilevel):
- 6% on level 1 (personally recruited affiliates)
- 2% on level 2
- 1% on level 3
Coin-Gen affiliate membership is free.
Participation in the attached income opportunity requires a minimum $50 investment.
Coin-Gen represents it generates ROI revenue via forex trading, cryptocurrency trading and cryptocurrency mining.
coin-gen.com is mainly involved in mining & trading of the most popular & lucrative cryptocurrencies in the digital world today & also in forex trading.
No evidence of any external revenue being used to pay affiliate returns is provided.
Furthermore, Coin-Gen’s business model fails the Ponzi logic test.
Anyone capable of legitimately generating a consistent 300% ROI in 24 hours isn’t whoring out the golden goose for as little as $50.
300% a day, compounded, Jeff Bezos in a few months. You get the picture.
In a nutshell Coin-Gen is a fraudulent opportunity from top to bottom.
As with all MLM Ponzi schemes, once affiliate recruitment dies off so too will new investment.
This will starve Coin-Gen of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.