CoinShares Review: 25% a day ROI bitcoin Ponzi scheme
CoinShares provides no information about who owns or runs the company on its website.
CoinShares’ website domain (“coinshares.io”) was privately registered on June 28th, 2020.
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.
CoinShares has no retailable products or services, with affiliates only able to market CoinShares affiliate membership itself.
CoinShares’ Compensation Plan
CoinShares affiliates invest bitcoin on the promise of advertised returns.
- invest 0.001 to 0.2999 BTC and receive 10% a day
- invest 0.3 to 0.999 BTC and receive 15% a day
- invest 1 to 2.999 BTC and receive 20% a day
- invest 3 to 50 BTC and receive 25% a day
Referral commissions on invested funds are paid out down three levels of recruitment (unilevel):
- 5% on level 1 (personally recruited affiliates)
- 2% on level 2
- 1% on level 3
CoinShares affiliate membership is free.
Full participation in the attached income opportunity however requires a minimum 0.001 BTC investment.
CoinShares’ pitches affiliate investors on being able to earn “UP TO 25% DAILY PROFIT AND FOREVER”.
Needless to say anyone capable of consistently generating up to 25% a day wouldn’t be selling access for ~$11.
The reality of CoinShares is that’s its a simple bitcoin Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dies out so too will new investment.
This will starve CoinShares of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.