GladiaCoin Review: 90 day bitcoin doubler with binary recruitment
There is no information on the GladiaCoin website indicating who owns or runs the business.
The GladiaCoin website domain (“gladiacoin.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 GladiaCoin Product Line
GladiaCoin has no retailable products or services, with affiliates only able to market GladiaCoin affiliate membership itself.
The GladiaCoin Compensation Plan
The GladiaCoin compensation plan sees affiliates invest bitcoin on the promise of an advertised 90 day 200% ROI.
All but the lowest offered GladiaCoin offered investment plan pays this out:
- Spartacus 1 – invest 0.05 BTC and receive ??? after 90 days (the GladiaCoin website does not disclose how much the Spartacus 1 plan pays out)
- Spartacus 2 – invest 0.1 BTC and receive 200% back in 90 days
- Spartacus 3 – invest 0.3 BTC and receive 200% back in 90 days
- Spartacus 4 – invest 0.5 BTC and receive 200% back in 90 days
- Spartacus 5 – invest 1 BTC and receive 200% back in 90 days
- Spartacus 6 – invest 2 BTC and receive 200% back in 90 days
- Spartacus 7 – invest 4 BTC and receive 200% back in 90 days
Residual Commissions
Residual commissions in GladiaCoin are paid out via a binary compensation structure.
A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).
Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.
Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note that there is no limit to how deep a binary team can grow.
At the end of each day GladiaCoin tallies up investment volume on both sides of the binary team.
Affiliates are paid a percentage of matched investment volume, that being all volume from the weaker binary side.
How much of a percentage is paid out is determined by how much a GladiaCoin affiliate has invested:
- Spartacus 1 – 5% commission, capped at 0.1 BTC a day and/or 3 BTC a month
- Spartacus 2 – 6% commission, capped at 0.2 BTC a day and/or 6 BTC a month
- Spartacus 3 – 7% commission, capped at 0.6 BTC a day and/or 18 BTC a month
- Spartacus 4 – 9% commission, capped at 1 BTC a day and/or 30 BTC a month
- Spartacus 5 – 11% commission, capped at 2 BTC a day and/or 60 BTC a month
- Spartacus 6 – 13% commission, capped at 4 BTC a day and/or 120 BTC a month
- Spartacus 7 – 15% commission, capped at 8 BTC a day and/or 240 BTC a month
Joining GladiaCoin
GladiaCoin affiliate membership is tied to an investment of between 0.05 and 4 BTC.
The more an affiliate invests the higher their income potential via the GladiaCoin compensation plan.
Conclusion
The ruse behind GladiaCoin’s 200% ROIs is “bitcoin trading operations”. GladiaCoin claim to purchase bitcoin from one exchange and sell it on another.
As is typical of cryptocurrency Ponzi schemes, no specific details are provided.
Needless to say GladiaCoin’s ruse fails the Ponzi logic test on two fronts.
The first is that bitcoin exchanges aren’t stupid. You’re not buying on one exchange and selling on another to the tune of 200% every 90 days.
Yet that’s exactly what GladiaCoin claim to be doing.
In reality they’d have to be generating over 200%, as binary commissions eat into invested funds.
Secondly, even if we assume a 200% 90 day ROI is possible simply by playing bitcoin exchanges against eachother, if this was possible why would GladiaCoin’s anonymous owners be running an income opportunity?
Take out a small loan, convert it into bitcoin and at 200% every 90 days it wouldn’t be long before you’d have a small fortune.
The reality is that GladiaCoin are simply using newly invested funds to pay off existing investors, sans whatever they pay out in binary (recruitment) commissions.
Alexa traffic estimates suggest GladiaCoin launched around mid-December. That places initial investment ROIs due mid March.
Once initially invested funds are exhausted it is unlikely that GladiaCoin will survive a second round of ROI payouts.
With the exception of those who joined back in December, the majority of GladiaCoin affiliates are otherwise destined to lose money.
good ole ken russo is promoting this big time. nothing else to say but run don’t walk away from this one.
Ken Russo needs to be put behind bars! He is a one man wallet wrecking scammer!
And our tent dwelling hobo friend happy days goldfinder is pimping this also.
How do they buy Bitcoin on exchanges when they themselves hold Bitcoin. Would not this require them to hold large reserves of cash to be able to buy any cheap Bitcoin on exchanges?
The amount of cheap Bitcoin is rare and could be bought by anyone who sees it. This cannot be done on a big scale to satisfy Gladiacoin members. Their Bitcoin trading claim is not able to be done and they have no evidence to show anyone.
It is my understanding that Phil Picolo is also involved in this and I wouldn’t be surprised if he was not one of the owners of it.
Actually Phil is far worse than Ken Russo, and like Ken, Phil has never met a Ponzi he didn’t love or run.
Phil Piccolo is pimping this under the alias Randy Chang! He is spamming the whole THW Global (which he owned and scammed everyone with) database about this scam.
@Inside
It`s correct, Phil is behind everything and use the name Mr R Chang, Russo is paid to promote this scam, everything is gone in 3 months.
Make sure all now who they are so non more is losing money.
This is a call that Ken, SCAM PIMP, Russo posted on the MMG forum.
I can’t recognize any of the scammer’s voices on the call, but this needs to be archived for the authorities! freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https://rs2941.freeconferencecall.com/storage/sgetHD/H8b7U/Rywy&subscriptionId=7967087
Just to tweek the omission in your review.
The earnings contract is fulfilled through the trading software in two different ways. The 2.2% over 90 Days or by Binary sales earnings or a combination of both.
That means that through the binary plan sales alone and not the 2.2% trading, that the contract owner could be paid in full well within the 90 days.
For instance take a, Spartacus 4 – 9% commission, capped at 1 BTC a day and/or 30 BTC a month. This contract is set to a max earnings of 2 BTC whether earned through the 2.2% earnings or binary earnings.
If they binary earnings of 2 BTC were achieved in 6 days the contract expires and the participant has 2 BTC earned through sales and not the 2.2% stream. They can repurchase another trading contract and go again.
To look at this plan purely based on the 2.2% returns is biased and means it totally relies on 2.2% returns which it does not.
There is no trading. GladiaCoin just recycle newly invested funds to pay off existing investors.
There are no contracts, no nothing.
As per the GladiaCoin website, you invest money and the company pays you double after 90 days. Recruitment commissions add an additional pyramid layer to the scheme.
Any attempt to complicate what is obviously a blatant Ponzi scheme is pointless pseudo-compliance.
@BigC – you are a scammer!
I am not even in Gladiacoin you twatt, just making a point that trading is not a features if the binary commissions reach the value first.
Binary commissions are tied to affiliate recruitment. It’s the same pool of recycled funds.
you invest for 45 days and it doubles in 90days so to get your money back you have to wait 45 days NO you are paid back DAILY !! so your risk is reducing every day.
ALL you reviewers and critics would not risk 200 bucks. wow all big business men.
If you know currency traders they do not want idiots calling them to verify their transactions WAKE UP Take a risk all you budding Trunps.
Nobody said anything about waiting 45 days except you.
As for risk, I don’t need to participate in Ponzi schemes to appreciate they are scams. Anymore than I need to risk drunk driving to appreciate how much of a dumbass idea it is.
Nah. Ponzi scammers hiding from the law. Nothing more, nothing less.
The networking / mlm space has turned into the wildwest, when it comes to Bitcoin and every other coin.
Are people snorting cool aid powder because they are ignoring every legal article and common sense notions out there. They are talking like they have been in the space for like 5 minutes.
Its like Behind MLM doesnt exist and even if they do read the stuff on this forum they get all bent out of shape.
And i am seeing people who have been around for years. Using words like, investment, referrals, double your money, get multiple positions, get spillover, posting crazy excel spread sheets making people millionaires in 1 years starting with pocket change.
WTF is going on has everyone gone mad and think they can ignore the rules and everything that has gone down legally over the last 20 years?
Is no one watching, Onecoin, Zeek rewards, Traffic monsoon, people / members, not owners are getting arrested.
I blame the banks and the governments failure to check the banks and arrest the Banksters, the people have been fleeced through taxes and debt, its no wonder they couldnt care less when they see people earning over $100,000.oo a day and jump in like crazed fans at a soccer match getting free tickets to the finals.
I heard if I jump off Petronas towers without a parachute, I’ll doe when hit the ground. Now, I don’t want to risk that either.
Would you be so kind as to find out if that is true for me? Why not?
So all I have to do is wait 45 days to see how rich you will become right?
I mean real businesses like this will be sure to last for years so there is no reason to rush to join now.
Be sure to come tell us how this worked for you and your downline.
I’m getting hit up on this one a couple of times a day. When I tell them it’s a Ponzi scam they get pissed. Apparently some people are making big money and I guess they think that because it’s Bitcoin it won’t be traced to them with clawbacks.
If Piccolo is involved it’s guaranteed a scam. That dude is creative and I wonder how he’s still roaming the streets.
I’ve been looking at Gladiacoin for a while now. For those of you who say they aren’t trading, what proof can you offer?
Those of you who say they aren’t making profits on the trading, what proof do you have to offer.
As far as I can see, most of you don’t like one or two guys who are promoting this [Ken or Chang] and so it must be a bad apple.
The REAL Truth is that you don’t really know either. What if they are trading? What if they only need to make 2.2% per day on all the money pooled for 70 out of 90 days in order for you to double your money inside of 90 days.
How do you know their microtrading isn’t producing a 20% or 200% return in any given day? YOU do not know, but you throw your voice around like you know the answers.
You are as much of a scam artist as you are claiming this company to be b/c you speak from lack of knowledge also known as ignorance. And NOW you’ll be the perfect snowflake and slam me.
I’m just saying YOU DO NOT KNOW, so what information do you really have to offer? Your breath is a waste of good reading time.
You can’t prove a negative in this instance without proof of trading tied to a 200% ROI over 45 days.
GladiaCoin and their affiliates are making claims about trading, the onus is on them to provide accounting that links any such trading with a 200% ROI over 45 days.
In the absence of trading proof, the only verifiable source of revenue entering GladiaCoin is affiliate investment.
The use of which to pay a 200% ROI over 45 days makes GladiaCoin a Ponzi scheme.
Because if it was, they wouldn’t need to solicit affiliate investment.
The only people content to swallow GladiaCoin’s trading ruse without proof are scammers ripping off new recruits.
Such as yourself. A random member of the public “looking into GladiaCoin” wouldn’t take things so personally and resort to abuse.
Mr Turnip they make 2.2% trading profits a day and give all of that away to the members? Can’t they do this on their own and not give away their “huge gains” to members? It would be more profitable for the Gladiacoin owners.
This is a website with nothing to show they are really trading. There is no information on who is running this and no way to contact them. For a site with very little information they are collecting a lot of money.
This will turn out to be one of the biggest scams of 2017.
What if nobody in the history of the planet has been able to generate 2.2% profit per day on a regular basis EVER ???
What often gets overlooked is the human carnage these things cause. Uneducated or ignorant “investors” – and I use that term lightly) don’t know or don’t care that someone’s mother, father, sister, or brother is getting SCREWED. The last ones in will walk away empty-handed.
There’s two kinds of people: 1) people who don’t know that they’re stealing from others, and 2) people DO know, but don’t care. Not much you can do for #2, but I hope you reach some of the #1s.
just to let the author know, it is very possible to buy from one exchange and sell to another and earn a profit. i do it myself all the time.
just to prove this (Ozedit: If you want to provide proof of a 200% ROI every 45 days buying and selling from exchanged please do so. General profit via trading is offtopic.)
you are correct fred. many don’t know they are scamming people but i educate anyone i can every chance i get. just like i explained in my post, gladiacoin is a god business if it were ran by an honest person and would be doable but if it’s owned by a known scammer chances are he will scam all his members even though he don’t have to.
^^ Nobody said profit was impossible via crypto trading.
The problem is there’s no proof crypto trading has anything to do with GlaiaCoin’s 200% ROI every 90 days.
Ken Miller you are assuming 200% in 90 days is “normal”?
If it was the admin would source a cheap loan to get started and not need any members and give away the whole 200% gains to them. Once the admin built up their capital they would not need any more loan and just keep compounding their own funds.
The whole idea of giving away 200% every 90 days to members is not only false but absurd too.
So guys are you saying this is a scam in essense.
Secondly what can be done about these people who do this sort of thing.
Yes…
Educate the ignorant, Prosecute the promoters, Legalize transparent Ponzi games for gambling addicts.
SD
The only thing I am working is Trade Coin Club and my sponsor is Todd Disner. It is the only real Bitcoin program in the world.
So who ever you idiots are that are putting my name with Gladiacoin or THW you are 1000% wrong. But then again so many people hate me for no reason they blame me for every scam out there. In fact Bob Burtis and Rod Cook and all you critics made me the most recognized NAME in the Industry.
Some people are famous in their own little deal. But you mention the name Phil Piccolo anywhere in the world and they have heard the name. SO all you jealous idiots out there need to get a life. (Ozedit: Offtopic derail attempts and abuse removed)
Nah. It’s just as much a Ponzi scam as GladiaCoin is.
Well at least TCC is transparent and I know the owners whereas Gladiacoin could be run by 2 freaking 12 year old kids. No support ticket no nothing.
If they shut down the site you can’t even name the scammers and NO i am not one of them. There is some part of me wishes I were they probably have collected over a billion dollars in Bitcoin already.
But TCC is not a ponzi OZ. (Ozedit: Offtopic derail attempt removed)
You mean like ‘El Chapo’?
I couldn’t agree more especially considering the industry.
@ Phil “never met a ponzi scheme I didn’t like” Piccolo
You said:
Should read:
Some people are famous in their own little deal. But you mention the name Phil Piccolo anywhere in the world and they have heard the name and think, “Oh yeah, I lost a lot of money in one of his schemes. Is he in jail yet?”
Fixed it for ya!
No it isn’t.
No company owners on website, no proof trading has anything to do with affiliate ROIs.
The only verifiable revenue entering TCC is affiliate revenue. Using that to pay a ROI makes it a Ponzi scheme.
Hello everyone! I don’t know much about bitcoin, but I stumbled across this website while trying to find answers.
My aunt is currently swearing by this company, Gladiacoin. She is convincing a lot of people we know to join and has been successful at it. She really believes in it and I am just worried because some of the people she is signing up are “investing” large amounts of money.
I don’t want to be negative, but from what i’ve read on here it seems like she is blinded by a possible scam.
I am just worried about what is going to happen when this company flops. She keeps trying to convince me to join and I don’t know if that would be smart of me to do.
Any advice will be greatly appreciated. Thanks!
Your aunt is trying to recruit you for a quick buck.
Ask her for proof her 90 day 200% ROI is tied to anything but subsequent investment. She’ll either get angry or fumble, either way you’ll have your answer.
thanks for the comments they all make sense I almost joined convinced by the videos on you tube… thanks for the revues keep it up.
I honestly don’t think she is doing it for her quick buck, she really thinks she will be helping me. I believe she is being tricked herself and she is too deep into it. I can easily say no, but my concern is that she talks about possibly leaving her job too because its going “well” for her. Is there ANYTHING positive about the company at least?
Surely you’re not that naive?
There’s nothing positive about Ponzi schemes.
200% every 45 days. Does that remotely sustainable to you?
and thats what I tell her, “its too good to be true”, “it’s a ponzi scheme” and she denies it all. *sigh*
Well I guess I have to wait and see what happens. I won’t convince her otherwise. Thanks for your helpful words!
Ken Miller was a member of Charles Scoville’s AdHitProfits. I wonder how much profit he made out of that and did he think that Scoville was an honest person?
From what I read about Bitcoin is all transactions are public info.
That being said, if this is truly a currency exchange, wouldn’t you be able to see where “your” transactions are being taken and track that?
Because apparently the profit comes from the the buying and selling of bitcoin as any other currency?
There should be some way for legitimate people that deal in this to have some input not just opinions.
In theory yes. But GladiaCoin provide no evidence of bitcoin trading for anyone to track (because there is none).
I was recruited into Gladiacoin and at first I was very excited. I’ve since realized it may be a ponzi scheme, and so I’ve stopped recruiting others.
The fact that they pay on the binary to infinite levels means that those who enroll first are in the best position to make money.
If you look at the way they designed it, they emcourage everyone to keep their money in the system. At the lower levels it makes sense to reinvest all of your gains to get the higher binary %.
When you’ve doubled your bitcoin (could be in 90 days or less depending how how many binary commissions you got) you only get a 24 hour window to reenlist, otherwise tou lose your position.
You can never downgrade your plan. Either stay the same or upgrade. The people with 4BC in the system are making money.
After the first 90 day cycle they’ve made their 4BC back + an extra 4. As long as they dont reinvest the 4bc bonus from that point on they are in profit.
When do you guys think it will crash?
Same as any other Ponzi scheme, when new affiliates stop joining.
Here come all the clones of this scam being pimped by all the regular crooks like Ken Russo, Simon Stepsys and others….WalletPlus, BetRobot and the latest EmpowerCoin!
@OZ
You wrote “Well at least TCC is transparent:
No it isn’t.”
You were right. Here is what I found youtube.com/watch?v=2YFEo4Q6v6M
And here is the latest direct from the horse’s mouth, and I quote:
Only 2 months in and already having payment issues. Come on all you promoters…recruit, recruit, recruit, recruit. Gladiacoin scam needs you to stay alive for a few more months.
WOW Oz! You have hit the big-time. You have had the one-man crime-wave Ponzi pimp, the man himself, Phil Piccolo post here.
Glad to see you come up for air Phil. Now you really don’t want us to list all the Ponzi’s that you have pimped or ran now do you? I thought you were proud of your reputation that you have built up over the years.
Why would anyone not suspect you are a part of this? After all it fits your MO to a T.
There is a gladiacoin ‘gang’ on fb Gladiacoin Elite Global Leaders – Gladiacoin has shut down for 5 days to change settings because they have clogged up their wallet provider with too many daily ‘payments’.
The moderators of the group kick members out if members do not worship Gladiacoin. Anyone “complaining” that they cannot access their account (their own fault because their Sponsor knows nothing), or that Gladiacoin has shut down is banned. The Creator of that fb group has a live call every day at noon and 6:pm (pacific) at zoom.us/j/4122695001.
the fb group has 10k members, many are down on their knees worshiping Gladiacoin, and will cut your head off if you question the actions of their Gladiacoin GOD… sickening.
(Ozedit: No nutjob sovereign citizen spam here thanks)
well Oz, you sound just like the Gladiacoin worshipers,
I didn’t post the sovereign to serf link as a clickable, but to term it “Nutjob” and edit it out without any investigation (Ozedit: Based on my experience with dealing with sovereign citizens over almost a decade, you are all nutty whackjobs. kthxbai.)
You tried to insert it as clickable behind your username. Take your sovereign citizen shit and piss right off.
Wow I guess this is a scam?
Todd Disner was one of the main promoters of Zeek Rewards, And one of the only one that did not go to Jail.
I guess Scammers just keep scamming until they go to Jail.
The only people who have gone to jail for Zeek Rewards are Paul Burks, Dawn Wright-Olivares and her son Daniel.
They were all management, not affiliates.
Well, actually guys, regarding GladiaCoin, technically it is not a Ponzi scheme, or a scam.
In a Ponzi scheme, the last man on the totem pole is left to produce, or stand there holding his Dxxk, out his money.
A.) per Wiki- HSTraders (Ozedit: Snip. Offtopic derail attempts removed)
Yup. Sorry, how is this different to GladiaCoin’s Ponzi business model?
No idea what HSTraders is and don’t care. If you wish to discuss HSTraders, the ebil gubmint, banking system, Obamacare and anything else that has nothing to do with GladiaCoin, do it elsewhere.
Ok,
It’s Calld High Speed Computer trading, (Ozedit: Snip. See below.)
Feel free to provide any evidence whatsoever that GladiaCoin has anything to do with “high speed computer trading”.
Failing that, kindly cease wasting my time with your offtopic ranting and raving.
It states how they make money right there on the webpage. So, uuuhhh, like I said, you don’t do any research, or you’d know that fact.
(Ozedit: spam removed)
That’s not proof of anything.
Ponzi scammers lie, welcome to the MLM underbelly.
Gladiacoin is not a Ponzi scheme because your paid back starting on day 1″ even the bottom person is paid that same 2.02% over 90 days. The MLM is optional, you don’t even have to do anything but take the passive income. How is that a scam?
And you believe everything you read on the Internet? Like double your money in 90 days? Want to buy a beachfront property in the desert?
Has Gladiacoin scammed?? Happy days goldfinder is crying on his wall.
Umm, err,
you do know how fraud works, don’t you ???
Who gets paid what has nothing to do with GladiaCoin being a Ponzi scheme.
GladiaCoin is a Ponzi scheme because it uses newly invested funds to pay off existing investors.
Optional or not, paying affiliates to recruit affiliates in MLM is a pyramid scheme.
Once new fund investment runs out, mathematically the majority of investors lose money.
Lol, new plans to trap invested funds and new 15% affiliate fees announced today.
GladiaCoin is totally not a Ponzi scheme running out of money though.
This is a scam now they are charging 15% in monthly fees on your winning and now that I have not paid the fees they block your account no way of taking out your bitcoins. I had 1 bitcoin and lost it.
Don´t invest in this Company people all a hype and lies. 1st they shut down for 4 days no paying last week and blame it on how slow blockchain was and this week if you did not pay the admin. fees your totally blocked unless you pay up.
Don´t invest in this company please let everyone you know about it. The y say the only way to not pay the fees is referring people and recruiting when at the beginning they said it was passive and double in 90 days. All was BS.
The top ones got all the big pays and the bottom nothing only loss.
Jennie…. I know what you mean. WTH. Last week it was reduced to Tues, & Wed only for payout. Today, I was blocked out of my account.
However I’m wondering will this effect my Blockchain wallet.
15% a month fee and paid upfront? good luck to recent gamblers (idiots) with the ponzi promoeters strategy “get your seed capital back as soon as possible”.
No, it was a scam from the moment they accepted their first dollar.
What you should have said is “This is MORE of a scam now they are charging 15% on our fees”.
looks like they took a huge hit from shorting BTC last Wednesday/Thursday and BTC went to 2800.. now back down.
Apparently, this is there way of making up the huge losses….
Its all a scam.. When you dont know the owners, dont know where they operate….. is that not a sure sign??? Although who is to say that just because we know the names and places of owners that it makes it legit or not a ponzi…
Leave the fiction out of it.
Ponzi scheme running out money has to find new ways to trap invested funds. It’s simple mathematics.
Looks like Ponzi Queens Kelly Tolar and Faith Sloan were Big promotors and now promoting the next Bitcoin Scam.
Are you sh@tting me? Faith Sloan needs to be taken off the streets now! She is the scum of the earth!
Is that any different than any other scam running out there. Sounds like you knew it was a scam the moment you put your money in.
You just got burned before you got yours all out!
Well, I have a die hard friend who was pushing me to join. He claims everybody is still getting paid.
Isn’t that what they tell you to get you to spend SO THEY CAN GET PAID?
If things paid really really well there would be no need to beg or push or rush anyone to join.
Fast money is not always the best money to chase.
does anyone happen to have information on this gladiacoin “scam” in spanish? thanks!
So many people lining up that just know Gladiacoin is a scam. Some how they just can’t figure out how people can make money with it.
Meanwhile the vast majority of people are losing their shirt in typical MLM and online marketing schemes that YOU promote.
Truth is you don’t know. And if you don’t want to risk a few hundred dollars to find out, then just shut up.
Meanwhile so many people drop hundreds and thousands on internet marketing schemes and other MLM and lose it.
Gladiacoin is slowing down. Many of the big scam leaders are preparing to get their easily fooled downline over to a new scam similar to Gladaicoin called “Jet Coin”.
Trading payments have been suspended for a week because of the low amounts of deposits. Their words not mine.
But but but… bitcoin trading.
Surely Gladia Coin weren’t paying the 200% ROI with newly invested funds… err, I mean “deposits”?
Well they admitted they were. ‘Trading’ deposits for payouts.