CoinOption Review: 200% ROI in 48 hrs Ponzi scheme
CoinOption provides no information on its website about who owns or runs the company.
CoinOption’s website domain (“coinoption.net”) was privately registered on June 23rd, 2019.
In an attempt to appear legitimate, CoinOption provides UK incorporation details on their website.
The standard for UK incorporation is already virtually non-existent. Nevertheless, CoinOption provides a bogus “111222333” incorporation number.
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.
CoinOption has no retailable products or services, with affiliates only able to market CoinOption affiliate membership itself.
CoinOption’s Compensation Plan
CoinOption affiliates invest funds on the promise of advertised returns:
- Starter Plan – invest $500 to $4000 and receive a 200% ROI after 48 hours
- Premium Plan – invest $4500 to $10,000 and receive a 220% ROI after 72 hours
- Advanced Plan – invest $11,000 to $25,000 and receive a 250% ROI after 7 days
- VIP Plan – invest $30,000 to $150,000 and receive 350% after 14 days
Referral commissions on invested funds are paid out down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 10%
- level 2 – 15%
- level 3 – 20%
CoinOption affiliate membership is free.
Full participation in the attached income opportunity however requires a minimum $500 investment
CoinOption claims it generates external revenue via cloud mining.
coinoption.net LTD is involved in cloud mining, which enables our company to earn Bitcoins without mining hardware, software, electricity, or bandwidth.
No evidence of mining operations is provided. Nor is there any evidence that CoinOption uses external revenue from any other source to pay affiliates.
Furthermore CoinOption’s business model fails the Ponzi logic test.
As stated on CoinOption’s website, affiliate investors “CAN EARN UP 40% HOURLY”.
If CoinOption’s anonymous owners were able to legitimately create a consistent 200% ROI every 48 hours, what on Earth do they need your money for?
As it stands the only verifiable source of revenue entering CoinOption is new investment.
Using new investment to pay existing affiliates a return makes CoinOption a Ponzi scheme.
As with all Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve CoinOption of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.