my-adsino-logoThere is no information on the My Adsino website specifically identifying the individual or individuals who own or run the company.

The My Adsino Terms and Conditions state that My Adsino is

a registered trademark in the European Union which is operated by Red Deck Entertainment Ltd (HE 266289), a company established on the 22nd of April 2010 in Cyprus.

MyADSino is regulated by the laws of Curacao (formerly Netherlands Antilles).

Red Deck Entertainment was indeed incorporated in Cyprus in 2010. Kliridis Charalampos is listed as the sole Director of the company.

No information on this person exists outside of the Red Deck Entertainment Cyprus incorporation.

Why My Adsino claim to be regulated by the laws of Curacao is also unclear.

Cyprus is not known for stringent regulation of MLM underbelly schemes and is a favorite of European-based scammers.

Curacao meanwhile has a reputation for being an offshore tax-haven with little to no regulation.

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 My Adsino Product Line

My Adsino has no retailable products or services, with affiliates only able to market My Adsino affiliate membership.

My Adsino affiliates are able to participate in online casino games, as well as invest in  €50 EUR StarCoin positions.

Affiliates who invest in StarCoin positions are given credits they can use to ‘purchase promotional items such as traffic and services through Adsino‘.

The My Adsino Compensation Plan

The My Adsino compensation plan sees affiliates invest in €50 EUR StarCoin positions and earn a passive ROI.

Referral commissions are paid when My Adsino affiliates recruit new affiliates who also invest.

Passive ROI

Each €50 EUR StarCoin investment position pays an advertised daily ROI of between 0.5% and 1.26% for 500 days.

This equates to a total ROI of between 250% and 630%.

My Adsino affiliates are capped from investing in up to 2000 active StarCoin positions at any given time (€100,000 EUR)

Referral Commissions

Referral commissions in My Adsino are 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.

My Adsino cap payable unilevel levels at five.

Referral commissions are paid out as a percentage of StarCoin investment as follows:

  • level 1 (personally recruited affiliates) – 8%
  • level 2 – 8%
  • levels 3 to 5 – 2%

LifeLine Bonus

The LifeLine Bonus allows a My Adsino affiliate to earn beyond the first five levels of their unilevel team.

Qualification for the LifeLine Bonus is as follows:

  • Level 1 – total downline investment of at least 200 StarCoin positions
  • Level 2 – total downline investment of at least 1000 StarCoin positions
  • Level 3 – total downline investment of at least 2000 StarCoin positions
  • Level 4 – total downline investment of at least 10,000 StarCoin positions
  • Level 5 – total downline investment of at least 20,000 StarCoin positions
  • Level 6 – total downline investment of at least 50,000 StarCoin positions
  • Level 7 – total downline investment of at least 100,000 StarCoin positions
  • level 8 – total downline investment of at least 200,000 StarCoin positions
  • level 9 – total downline investment of at least 500,000 StarCoin positions
  • Level 10 – total downline investment of at least 1,000,000 StarCoin positions

Each Starcoin investment generates an additional 8% commission through the LifeLine Bonus.

This 8% is paid out differentially according to the above ranks.

Exact percentages are not provided by My Adsino at the time of publication.

The nature of the bonus however sees higher ranked affiliates paid the difference between 8% and the percentage paid out to lower-ranked affiliates in their downline.

Level 8 to 10 ranked My Adsino affiliates receive an additional 1% commission on StarCoin investment within their unilevel team (all levels).

Lifestyle Bonus

My Adsino’s Lifestyle Bonus is an incentive bonus based on the LifeLine Bonus ranks.

My Adsino do not provide any specifics about rank bonuses, stating only that ‘Lifestyle bonuses vary by season, country, running campaign and promotions’.

Joining My Adsino

My Adsino affiliate membership is free.

Participation in the My Adsino MLM opportunity however requires a minimum €50 EUR investment.


My Adsino represent online gambling as being the primary source of revenue for the 500 day ROI offered on StarCoin investment positions.

This is problematic or two reasons;

The first is that there is that 100% of My Adsino online casino users are affiliates. Any revenue generated through the games is sourced from affiliates.

Customer from Adsino stay, because we are a community in which every customer participates in the cashback program.

This creates a closed-loop vacuum through which new affiliate funds are used to pay off existing affiliates.

The second is that My Adsino provide no proof that revenue generated from online gaming has anything to do with the hourly StarCoin position ROI.

Consider how My Adsino themselves market the StarCoin position ROI:

You can cash out this bonus and build a passive income without having to do anything.

You literally do not have to do anything and you will still receive a bonus credited 24 times a day into your account if you have active StarCoins.

A My Adsino affiliate investing €50 EUR in a StarCoin position and then doing “literally nothing” has no correlation to online gaming whatsoever.

From a regulatory standpoint StarCoin position investment is most definitely a securities offering.

My Adsino provide no information on their website about being registered with a securities regulator anywhere in the world.

Infact the company appears to intentionally exclude investment from countries that an unregistered securities offer might attract attention:

Residents of Cyprus, France, Netherlands incl. Curacao, UK, and the USA are not allowed to open an account.

In the event of a bet being accepted from user considered to be from these countries (temporary or indefinite resident, citizen, using IP address related to this countries etc.) MyADSino reserves the right in its sole discretion to void all bets and refund the initial deposit only.

My Adsino’s shady owner(s) are intentionally targeting investment from countries where they are unlikely to face regulatory pushback in the future.

At the time of publication Alexa estimate the largest sources of traffic to the My Adsino website are Germany (34%), Austria (21%), Italy (13%), Switzerland (10%) and Spain (5%).

None of these countries are known for stringent MLM regulation, giving the anonymous My Adsino owners plenty of time to disappear before a regulatory investigation catches up with them.

Any way you look at it, My Adsino is an illegal Ponzi scheme.

Affiliates invest €50 EUR and receive a passive daily ROI for 500 days, funded by subsequently invested funds.

The use of newly invested funds to pay off existing investors clearly defines My Adsino as a Ponzi scheme.

Putting aside the impossibility of legitimate retail activity taking place through My Adsino’s online games (every customer is an affiliate), the online gaming component of My Adsino is thus entirely irrelevant.

As with all Ponzi schemes, once recruitment of new affiliates dries up so too will new funds entering the scheme.

This will see My Adsino starved of funds to pay existing affiliates with, prompting a collapse.

Owing to the long-term ROI nature of the scam, expect to see pending withdrawal delays to be the first sign that new funds have run out.

At that point the vast majority of My Adsino affiliates realize they’ve lost money. So if you’re reading this as a My Adsino affiliate, that likely includes you.