Mintage Mining Review: Nui goes full Ponzi with mining package opp?
Mintage Mining popped up on my radar a few weeks ago as part of Nui.
According to the Mintage Mining website, the company is
a collaborative crypto mining platform that brings cryptocurrency enthusiasts together to mine the most current and profitable coin available each week.
Mintage Mining provide no information on their website about who owns or runs the company.
The website domain itself (“mintagemining.com”) was privately registered on October 24th, 2017.
Although the gist of Mintage Mining’s compensation plan has been published by Nui affiliates promoting it, Nui published complete compensation documentation a few days ago.
Read on for a full review of the Mintage Mining MLM opportunity.
Mintage Mining Products
Mintage Mining has no retailable products or services, with affiliates only able to market Mintage Mining affiliate membership itself.
The Mintage Mining Compensation Plan
Mintage Mining affiliates invest $25 or more on the promise of a weekly advertised ROI.
A $25 investment provides a Mintage Mining affiliate with a “mining contract”, which pays a weekly ROI for 52 weeks.
A 10% referral commission is paid on funds invested by personally recruited Mintage Mining affiliates.
Residual commissions are also available on funds invested by recruited affiliates, paid out via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
Mintage Mining cap payable unilevel levels at ten, with a 2% commission paid out as a percentage of invested funds across these ten levels.
Note that referral and residual commissions must be put towards new Mintage Mining $25 contracts.
Joining Mintage Mining
Mintage Mining affiliate membership is free, however affiliates must invest at least $25 to participate in the attached income opportunity.
If a Mintage Mining affiliate wishes only to earn referral and residual commissions, they can also qualify by generating 1000 CORE points in Nui.
As per marketing copy on Nui’s website;
As a partner with Mintage Mining, Nui Members can take part in their Bonus Plan.
This gives Miners the opportunity to earn rewards from the mining activity of anyone they directly refer (Bonus Units), and on team activity (Override Units).
Despite Mintage Mining being presented as an independent partner of Nui, it’s pretty obvious its being run by the company itself.
Mintage Mining is fully integrated into Nui’s back-end, with Nui downlines carrying over. Affiliates can also qualify for Mintage Mining bonuses by generating Nui CORE points, which is further evidence of complete integration.
Mintage Mining appears to have been set up as a “partnership” ruse solely as pseudo-compliance for what is obviously an unregistered securities offering.
Nui is a US company being operated out of Utah. Any securities offered by the company would require registration with the SEC, of which there is none.
Mintage Mining is a faceless company with no contact details which, although strongly integrated into Nui, presents itself as an unrelated partner.
In addition to corporate secrecy, there’s also the issue of whether Mintage Mining are actually mining.
Mintage Mining provide no evidence of mining taking place or being used to pay affiliates a weekly ROI.
With the only verifiable source of revenue being new affiliate investment, Mintage Mining is obviously a strong candidate for Ponzi fraud.
At best Mintage Mining is Nui engaged in the illegal offering of unregistered securities.
At worst it’s yet another crypto mining pool Ponzi scam.
Either way unless you’re a Divvee affiliate desperate to recover ongoing losses since the company launched last year, you’re probably best off giving Mintage Mining a wide berth.