SwisCoin Review: $100-$11,000 crypto Ponzi points scheme
There is no information on the SwisCoin website indicating who owns or runs the business.
The SwisCoin website domain (“swiscoin.com”) was registered on the 15th of September 2015, with Kathrine Harbor listed as the owner. An address in Dublin, Ireland is also provided.
Further research reveals this address belongs to Regus, who sell virtual office space. As such it would appear SwisCoin have no actual physical presence in Ireland.
As for Kathrine Harbor, outside of the SwisCoin domain registration, her name doesn’t appear linked to SwisCoin.
I’m flagging this as highly suspicious, with there being a big question mark as to whether or not Harbor actually exists.
Update 30th July 2016 – The SwisCoin website now claims ‘SCN SERVICES LTD is the company who has launched the SWISCOIN as an official from DUBAI.‘
The CEO of SCN SERVICES LTD is Mr. Dmitrii Zubarenko who is the expert person for the administration of mega companies.
Zubarenko doesn’t appear to have any MLM industry experience. /end update
Read on for a full review of the SwisCoin MLM opportunity.
The SwisCoin Product Line
SwisCoin has no retailable products or services, with affiliates only able to market SwisCoin affiliate membership itself.
The SwisCoin Compensation Plan
The SwisCoin compensation plan sees affiliates invest in tokens and get paid to recruit others who do the same.
SwisCoin Token ROIs
As with all MLM cryptocurrencies, SwisCoin affiliates receive tokens (points) in exchange for investing funds.
- Beginner ($100) – 1000 tokens
- Seller ($500) – 5000 tokens
- Pro Seller ($1000) – 10,000 tokens
- Express Seller ($3000) – 35,000 tokens
- Platinum Seller ($5000) – 70,000 tokens
- Premium Seller ($11,000) – 150,000 tokens
Affiliates convert these tokens into SwisCoins, with the value of SwisCoin pegged to the rate of new investment flowing into the company.
At the time of publication, there doesn’t appear to be any way to convert SwisCoins or SwisCoin tokens into cash.
Investment Referral Commissions
SwisCoin affiliates are paid to recruit new affiliates and encourage them to invest, with commissions 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 go on to 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.
SwisCoin cap payable unilevel levels at six, with how many levels an affiliate can earn on determined by how much money they initially invested:
- Beginner ($100) – 10% on level 1
- Seller ($500) – 10% on levels 1 and 2
- Pro Seller ($1000) – 10% on levels 1 and 2 and 20% on level 3
- Express Seller ($3000) – 10% on levels 1 and 2 and 20% on levels 3 and 4
- Platinum Seller ($5000) – 10% on levels 1 and 2, 20% on levels 3 and 4 and 25% on level 5
- Premium Seller ($11,000) – 10% on levels 1 and 2, 20% on levels 3 and 4 and 25% on levels 5 and 6
Note that in order to qualify for referral commissions, a SwisCoin affiliate must recruit at least two affiliates.
Residual Commissions
Residual commissions in SwisCoin 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):
Positions in the binary are filled via the direct and indirect recruitment of new SwisCoin affiliates.
Investment (and re-investment) volume is tracked on both sides of the binary, with a 10% commission paid on invested funds matched using a 1:1 ratio.
Note that only 80% of binary commissions are paid out, with the remaining 20% having to be reinvested back into more SwisCoin tokens.
Joining SwisCoin
SwisCoin affiliate membership is $20, in addition to investment in one of the following six available packages:
- Beginner – $100
- Seller – $500
- Pro Seller – $1000
- Express Seller – $3000
- Platinum Seller – $5000
- Premium Seller – $11,000
The primary difference between these investment packages is income potential through the SwisCoin compensation plan (see above).
Conclusion
SwisCoin isn’t anything we haven’t seen before, with the scheme continuing the Ponzi points cesspool that currently passes for the MLM cryptocurrency niche.
In SwisCoin marketing you’re no doubt going to see the usual comparisons to BitCoin, promises of public exchange trading and guarantees that so long as people continue to invest, the price of SwisCoin will reach infinity dollars.
The residual and referral commissions add a pyramid layer to the scheme, encouraging the recruitment of new investors.
All par for the course in MLM cryptocurrency Ponzi points scams.
Despite the obviously meaningless Irish address in the SwisCoin domain registration, this one looks like it’s being run by non-native English speakers.
This is evidenced by the numerous grammatical errors and bad translation present on the SwisCoin website:
The main function of the early “SwisCoin” is just used as a tool to advance some of the trading platform, with frequent network transactions, this Digital Currency come from western attract by most Global enterprise concerns.
My guess is that SwisCoin is being operated out of Eastern Europe or Asia.
As with all cryptocurrency Ponzi points schemes, problems will surface once monthly withdrawals exceed the rate of new investment entering the scheme.
This occurs on an exponential scale, with the early stages of the company seeing affiliates reinvest funds to obtain higher SwisCoin token balances.
Once early investors reach enough points to make sizable withdrawals, they do so each month – effectively stealing from those still diligently building their token balances.
Once enough affiliates reach accumulate enough tokens to begin withdrawing sizable amounts each month, the scheme collapses under its own weight.
I suppose before a regulator moves in to shut down the latest iteration of MLM Ponzi fraud we’re probably going to see a few more schemes pop up – of which SwisCoin is simply the latest.
Here’s hoping a the first MLM cryptocurrency regulatory shutdown isn’t far off…
Why not mention, that the people behind it simply copied 99% text from Onecoin. This is a sister currency to Onecoin. Maybe as much the same as a “twin currency”
NOLINK://swiscoin.com/
NOLINK://swiscoin.com/Packages.aspx
NOLINK://www.swiscoin.com/SCPlan/SwisCoin Compensation Plan.pdf
NOLINK://www.youtube.com/watch?v=n4J9sYEz8Us
Why their currency is better than Bitcoin:
NOLINK://s2.postimg.org/lgsdo8tgp/image.png
NOLINK://s2.postimg.org/rj00eqhwp/what_is_the_onecoin_conceptpart_1_9_638.jpg
NOLINK://s18.postimg.org/dw7t4hbns/image.jpg
NOLINK://s18.postimg.org/arx57ouvb/image.jpg
And both Onecoin and Swiscoin show waht profits could be in the future:
NOLINK://s10.postimg.org/fl2ida3qh/image.jpg
NOLINK://s10.postimg.org/k5oos7nft/CWKILn_Ol.jpg
Agree with your guesses whether the company really exist or not! Coz many such companies come up with luring offers, and once they are lost, investors simply have to put their hands on their head.
Such activities usually happen with asian population who are less aware of these things and are get easily attracted towards such tricky schemes.
Why dont you guys actually do a research before talking some crap here. Do study what crypto currency is, how does it work and does Swiscoin actually have those things.
If you do, i guaranty you that in your little minds you will see that swiscoin actually IS a crypto currency with real technology for mining and has everything that bitcoin have and more.
Just because MLM was connected to it, it doesn’t mean its not a real project with real crypto. Today, MLM is the BEST way to finance anything and fast !!! This what company is doing…
Go to Vietnam and see what some people are using there for paying for good and services.
For person who did the original review, i would suggest to do a research as well before show his stupidity here…
Bitcoin isn’t controlled by a single company issuing Ponzi points.
Ponzi points you can’t do anything with issued by a central authority with a value made up by the issuer is not a cryptocurrency.
I can guarantee you not with Ponzi points.
You’re not likely to have anyone take you seriously when your own research is sorely lacking.
Oz you are idiot and total one. Swiscoin does have mlm that is connected to real crypto currency.
I already have walket which dont belong to any company with coins on and it sure very similar to bit coin i have. I already tested and send coins to other wallets.
Noone said that this crypto is owned by someone, its not possible with opensource technology it has. So, stop showing your stupidity and study fact before youbspeak up again.
Mlm today is a fastest way to gain finances to develope and move on market something new. All that is done by company requires huge money, but i am sure you wouldnt have any idea about that…
i already trippled my income and its growing . You can sit and talk outbof your ass without facts and i will keep making money.
Best of luck with the recruitment scamming. Neither myself or anyone else really cares if you’ve made money ripping people off or not.
Ponzi points != cryptocurrency.
I didnt rip anyone off. I invited my parents, sister anx friends to yhis projet, but its not where money come from.
If you were not such blind idiot, you would of seen what is really behind this prohect. In next 2 minths there aee will be exchangers , where you can change this crypto currency to local money or whatever.
By end of this year swiscoin will be on coinmarketcop.com and will be accepted by mercgants and you still will be sitting here like a dumb ass and keep talking out of ass without even looking into facts.
Here are some for you…check out following websites: swiswallet.com , swisexchange.com, scnmining.com , swisopensource.com … this crypto is mined by SCRYPT technology and you dont have to invest into mlm part and can just mine coins with equipment yourself at home.
You need to learn what cryptocurrency is first before write things here. Company dont hide MLM , they are using the money to push this currency to very top and now developing own payment system.
It took bitcoin 5 years to get where they are now, because they didnt havr financing. Today with competition its a right way to go. To understand that you beed study financing.
In any case you need to study facts diply before writing reviws on someone.
Of course it is. What, you thin Swiscoin management take your newly invested funds and donate them to charity? Then collected your recruitment commissions from the money tree planted out back?
You recruited new investors and got a slice of their investment.
Y’huh. Here’s the thing though, no legitimate exchange wants to have anything to do with Ponzi points.
It’s like OneCoin six months ago… sounds like you’ve bought in big. I only hope your family are of the forgiving kind when the time comes.
You don’t need to study anything to understand new investor funds go in, new investor funds are paid out to existing investors. Recruit new investors and get paid.
That’s a Ponzi/pyramid hybrid.
@Ruslan, one thing is clear. The last idiot has not been born yet.
Oz you really dont want to open your eyes and actually do a research. Onecoin is not a crypto currency but a simply financial pyramid or MLM with no technology and has nothing to do with it.
Swiscoin does have legit license for open source technology.
Inventors here do understand fully what and how and no one is hiding anything from them. Nobody saying that there is no MLM in swiscoin, of cause it is, but its needed for financing all the developing of software and hardware ( mining machines ), which cost huge money and takes time.
Its easy to sit and spill all the shit in the world on someone without actually looking into the project itself. Most project today are fake and only work on MLM structure and as soon as people stop coming to project, it crashes.
This is not a case here and a lot of people today already using swiscoin as money and paying for goods and services.
I am not going to prove you anything any more, because i can see that are very blind to truth and only here to troll everyone and you are a waste of my time. I am well educated in finance and IT and do know programming and sure know what technology is behind Swiscoin.
so sit here and spill dirt on everyone as much as you want. In 2 – 3 years when Swiscoin will become a big competitor of Bitcoin, then a i will ask you again.
1. Who issued the license?
2. What the hell does that have to do with being a “financial pyramid or MLM with no technology”?
Right. That’s why what you invest is used to pay recruitment commissions and prop up the value of the coin, right? Give me a break.
Oh really, so recruitment commissions aren’t tied to recruitment are they? And I suppose the value you think your SwisCoin ponzi points are worth is pegged to unicorn poop?
Give me five examples of the general public using Swiscoin to pay for something that isn’t related to the Swiscoin MLM opportunity.
These MLM crypto scams all sound the same… figures seeing as they’re all modeled on Zeek Rewards.
do you think Bitcoin’s price is not imaginary ?? You a waste of my time.
Bitcoin has nothing to do with Ponzi points. Way to dodge my questions.
indeed. you do it all the time to try and get money out of suckers.
where do you see question in your pointless statements ???
Swis coin is a real technology of crypto currency, (Ozedit: that can’t be used for anything or traded publicly. It’s only value is the rate of new investment entering the scheme. Stop wasting our time with recycled marketing garbage.)
You already can !! In country Vietnam more than 1000 people trade, buy sell goods for swis coins. (Ozedit: Childish dummy spit removed)
Provide proof.
I will be in Vietman on conference in end of June. I will send you a video where they say this for you , how they use swis coins as payments.
So you have no proof of the general public in Vietnam using Swiscoin for non MLM opportunity related transactions.
Thankyou, come again.
Did i say general public ??? I said over 1000 people, which is not a general public, but it doesn’t matter.
(Ozedit: Offtopic waffling and insults removed)
I told you, i will go personally to Vietman in June and will record on my phone video how person buys something with swis coin in shop. Just for you!!!
Of cause i dont have that video now, for a very simple reason – i haven’t been to that country yet.
I don’t care what you said. I said show me proof that the general public in Vietnam (or anywhere) are using Swiscoin for non-MLM opportunity transactions.
1000 Swiscoin investors trading the Ponzi points among themselves is irrelevant. Ditto Swiscoin investors who own businesses accepting Ponzi points as affiliates for goods or services.
A legitimate cryptocurrency is able to be traded between members of the general public on the open market. Swiscoin, being Ponzi points, are tied to the business opportunity.
Hey Ruslan, Mr. Big Talker… I’ll bet you $5,000 U.S. that no merchants will accept SwisCoin by the end of the year, like you stated in comment number 7. Since you are so “well educated in finance and IT,” I’m sure this friendly little wager won’t be a problem for you.
Oh, and just to clarify, these need to be non-MLM retailers that sell actual products with monetary value. I think most reasonable people understand how this works.
I would also make sure those shop owners or their employees, who may in fact sell actual non-mlm products, aren’t also affiliates.
The Flexkom scam had videos of shops accepting their cash back cards with pos devices, but those shop owners and some employees were all affiliates and in cahoots.
Like some OneCoinHeads paid for cup of coffee with OneCoin in Lagos Nigeria, in shop owned by a OneCoinHead?
Ponzi?look here, swiscoin is a real cryptovalue like Bitcoin: coinmarketcap.com/currencies/swiscoin/#markets
here blockchain: scnblockchain.com/blocks
@Marchino
What you wont find on either of those sites though are SwisCoin’s tokens. Therein lies the Ponzi scheme.
Thank you OZ!! agreed with you!
Hello. I’ve been following this site for a few months and must admin that the information here is awesome and very spot on. Oz, K Chang and littleroundman are doing an excellent job. Thank you guys, you save lives (literally!)
Now to the point:
A SwisCoin affiliate told me that the “splitting” (read: doubling) of the tokens is included in the initial price of the tokens. To clarify – if you invest in the Pro Seller ($1000) – 10,000 tokens and wait the required amount of time, the company will give you 20,000 tokens.
For the bigger investments this can happen a couple of times, say if you invest in the Express Seller ($3000) – 35,000 tokens you can double up two times instead of one time over the course of 6 months, once every third month.
I want to repeat myself – they say that the coins needed for this to happen are included in the initial price of the investment package and that it does not come from new investors.
I personally smell something fishy here about this because nothing of the sort is mentioned on the site. Any comments?
The “coins” are generated via a script, which the SwisCoin owners dump on new affiliates through points.
The points (tokens) are backed by nothing but newly invested funds. Some of which are also used to pay out recruitment commissions (pyramid scheme).
Oz, but here is the blockchain for SwisCoin https://scnblockchain.com/ .
How can it be that the coins are generated through a script if there is a publicly available blockchain?
I agree with you that the Ponzi point tokens are backed by nothing but newly invested funds.
Affiliates openly admin that 50% of the newly invested funds go to pay recruitment commissions and that the other 50% goes to SwisCoin.
What I don’t understand it the part about the script generating coins when there is clearly a blockchain available?
How did this Ponzi cryptocurrency make it to coinmarketcap.com and even managed to get to #31 on their ranking?
Because tokens aren’t generated via a blockchain, they’re generated via a script. SwisCoin convert tokens into premined coins.
They’re dumping worthless coins they premined on the affiliates for real money.
Because there’s a disconnect between the points (tokens) and the legitimate side of the cryptocurrency.
Oz, I see things more clearly now, thank you.
Affiliates often say that when buying tokens you actually buy SwisCoins but at a discount. If you wait for the splits before converting the tokens into coins your discount gets even better. It escapes me how affiliates don’t see this as a overall devaluation of the SwisCoin.
Affiliates also say that the coins aren’t premined and that’s why you have to wait before converting the tokens into coins. The waiting period is actually the time it takes to mine the coins needed to convert the tokens into coins. Having premined coins truly defeats the purpose of cryptocurrency.
It really sounds so stupid if you think about it – why would anyone mine coins if they could get them for half the price by buying tokens? Just sell the coins afterwards for over 100% ROI and you’re set… riiight.
Another thing they say is that if you want to mine SwisCoins profitably you must invest $100,000 in mining equipment and that’s why it is more profitable to buy tokens and convert them into coins… What a load of crap this Ponzi is.
All the usual garbage gets tossed around with this scheme like people in Vietnam paying for commodities with SwisCoins, legal real life exchanges for SwisCoins in Ukraine, the same for India.
And as usual when affiliates want to sell SwisCoins or withdraw money from their backoffice (or wallet or whatever it’s called) the normal lame excuses come to play such as that now is not the best time and payment processor problems. But if you have to buy something from them, say another Ponzi package it’s no problem. They always accept money.
I even asked a few affiliates if they would buy my SwisCoins if I were to mine them myself. I even said I would offer them a discount because I’ve already got a big mining rig and it would be no problem for me to mine a few coins. None of them agreed to do it, lol.
Which, if you think about it, makes the whole public side of the coin pointless.
Why buy SwisCoin publicly when you can get it at a discount through the company?
Herein lies the token Ponzi scheme, which leads to pump and dump of the admin’s worthless premined coins.
Oz, thinking about it I really think that the Ponzi scheme is in SwisCoin using newly invested funds to pay commissions to previous investors.
I don’t see any Ponzi scheme in issuing worthless numbers on a screen (tokens, SwisCoins) for real money. It’s a scheme nonetheless, but not Ponzi.
Now I have to look deeper into SwisCoin’s compensation plan to see if they offer more than 100% ROI on the invested funds for which they issue tokens. If that’s the case and they use newly invested funds to achieve that ROI, that would definitely be a Ponzi scheme.
About the premined coins. Many clever affiliates say that the coins aren’t premined and the waiting time needed for the conversion of tokens to coins actually is the time needed to mine the coins. They also say that tokens to SwisCoins conversion ratio changes as the difficulty of mining SwisCoins increases.
What I don’t understand is how waiting longer (supposedly as the difficulty increases) you get double, triple or quadruple (the multiplier depends on which pack you invested in) the coins you’d get if you convert token’s to coins right away?
What does the company have to gain from supposedly running their mining machines longer and then giving you the coins at an even greater discount. Makes perfectly NO sense at all.
Speaking to some affiliates can be really amusing.
One of them told me that the company had virtual offices at which the creators of the coin, who were the same people who created BitCoin, gathered and made SwisCoin. L O L.
I only wish I had recorded the conversation. I will from now on, you never know what jokes you might get from these folk. Having a hotkey bind to muting the microphone comes in handy with all the laughing.
Where do you think the money you’re converting your points/tokens/fake cryptocurrency comes from within the scheme?
Hint: The only source of revenue is newly invested funds.
The ROI kicks in based on the arbitrary value assigned to the tokens/points, be it cryptocurrency or fiat.
It’s all premined. The admins are dumping the coins they allocated themselves before it went public.
Oz, question to you. How do you know their coins are all premined and the don’t continue to mine them now? Any insider info on that?
Swiscoin is being traded on NovaExchange novaexchange.com/market/BTC_SCN/ at 1 cent per coin. Good luck!
Only the ones being dumped on affiliates by the SwisCoin admin(s) are.
Doesn’t make sense to mine them when they’re not worth anything. Welcome to the world of pump and dump MLM cryptocurrencies.
Just so we are clear I’m not involved with SwisCoin in any way, nor have I ever invested in SwisCoin.
Isn’t there a way for affiliates to check the coins they recieve from SwisCoin for information like when they were mined or who mined them?
Might be. I think we’d need a SwisCoin affiliate who invested to come forward though… probably won’t happen till it collapses.
Swiscoin has already collapsed on NovaExchange, the only public exchange it is listed on and currently trading at less than 1 cent per coin: novaexchange.com/market/BTC_SCN.
What a discrepancy between $0.01/coin on public and $2.70/coin shown on private “swisexchange”! Swiscoin data on coinmarketcap.com is incorrect and outdated.
coinmarketcap updated their data. SwisCoins are now traded there for $ 0.012469/coin.
reference: coinmarketcap.com/currencies/swiscoin/
What a joke this Ponzi is. I am in great anticipation to see what the leaders of the scheme come up with as an excuse.
Well, i am the one who invested into project ot should i say one of the first ones there.
Oz already been arguing with me about this project and he is wrong for sure. He doesnt want to do any research. His information is based on 2015, when project didnt even start officially.
Nova exchange doesnt want to trade swiscoin – so what = their loss?? )) They are idiots if they stopped trading real coins based on Oz’ idiotic information blog… We are going to have 20 exhcangers in 1-2 moths anyways.
Here is what i know for a fact. This project has a real blockchain technology for swiscoin and it has marketing side, which you call MLM. Now!!
MLM has nothing to do with technology, it is completely separate project running parallel, where people can invest money and get certain amounts of real swiscoins for it.
Tokens ?? C-on , even most stupid person can understand they dont mean anything. It is just a number that tells you how many coins you will get in the end. Its a simple calculation.
I dont have a network of people under me, i made and keep making my money from invested ones. Company pays me every penny i earned there and i have to say i multiplied my money many times now.
You can call marketing part MLM or whatever you want, but all i know i get real coins in the end and i can pay with them for a taxi, restaurants and a lot of different shops in my country, same as few other countries already. I even know the guy who bought a car for Swiscoins.
I know Oz will write now his bul…t again, because he simply too blind to see and to stupid to listen to real people who are actually involved in this and risked own money and i have to say a LOT of money ( something that Oz will never see in his entire life) and people who actually do know what is happening in reality.
MLM is MLm , but coin is real, technology is real, it is mineble and people do mine it. I dont, simply dont want to bother with full set up for it, i make enough from just investing into this as you call MLM )).
And by the way people dont get just coins in the end, i got very useful material on how and everything to do with crypto currency, how to mine, how to trade, secrets of how make money out of it and lot of other info, which you will not find on internet for fre for sure )).
Good luck with your pointless and empty accusations, while we all – investors will make money out of this project and enjoy our lives )).
AND NO !!!! This is not my project and i am not the one who runs – i am just an investor!!! ( i know you will try to accuse me of that ).
^^^^lololol^^^^^
Today’s market cap $25k.
“i got very useful material on how and everything to do with crypto currency”
Look under P for pre-mine, Mr. NotMyPoject.
So what country do you live in and:
1: What name of the taxi company?
2: What is/are restaurant(s) name(s)?
3: What is/are shop(s) name(s)?
4: What is the dealership name where a car was bought with Swisscoin?
Thanks.
Back in reality, SwisCoin is very much an MLM opportunity currently distributing Ponzi points with the usual MLM cryptocurrency promises.
The coins are worthless outside of the MLM opportunity, with only gullible investors the only buyers.
No legitimate merchants accept the coin either, other than evidently a few SwisCoin affiliate owned businesses.
So you not the owner but know the secrets on how to con people into thinking this coin has value that no one sees at all.
Yeah I think we are clear on who or what you are doing.
Just to be clear, we know the coin is worthless so that leaves YOU working the “mlm” part to profit from everyday.
Since you can’t be bothered with “mining” where is your income from again?
I missed the part of how many coins you have that you are spending all over town.
When Nova chop Swizz next week for being a scam, the only way to trade it (outside of back office) will be thru kingcoin, a solely swizzcoin exchange only for KYC’d Indians.
It was on this joke site that the $200k pump to $30 took place on 10th August, which led to Coinmarketcap delisting it (a first for an exchange) and Swis exchange.
i.imgur.com/wshfA8c.png
If you drill down thru kingcoin you find club500mem with a bunch of closed down or dangerous MLM/fin sites.
Layer upon layer of liars and scammers. Including you Ruslan-NotMyProject.
You are nothing but (Ozedit: Offtopic ranting and abuse removed. We’re done here.)
Hello everyone. I am from VietNam. I was told that swiscoin is a great oppotunity to invest.
People in Vietnam do not have much information about this company. I see swisscoin can be trade with btc via 3 exchanger sites: novaexchange.com/ ; livecoin.net and c-cex.com/. And from btc can convert to vnd (my country currency).
So is it really a scam coin? Because I see it has app wallet just like bitcoin wallet blockchain.
Please guide me. And Could anyone show me where can I seek more information about swiscoin? Thank you.
Would you buy SwisCoin from any of the quoted exchanges, knowing you can’t do anything with it?
Or are you going to pay the owners of SwisCoin real money so they can dump pre-mined useless SwisCoins onto you, while the person who told you about it gets a commission?
You already know the answer…
Thank you for your quick reply Oz. And by the way which altcoin you see that has the bright future for high price.
Not the place to ask son.
yes, there is not any good!… practically the same situation with all other cryptocoins!
Hello Oz
I dont understand how swiscoin can not be a real currency if it is on coinmarketcap.com ? How can you explain that on swiscoin website you can sell one swiscoin for 2,6 dollars and on coinmarketcap.com the exchange rate is one swiscoin for 0,010$???
I studied exchange rate graphics on coinmarketcap.com and now swiscoin is going down at position 90. Each day loosing positions and exchange rate falling deeper and deeper. What
is your prediction for the next months for this cryptocurrency? Can we tell that it is the end of this cryptocurrency ?
Unfortunatly swiscoin carries on to look for New investors to pay the oldest. Right?
Swisscoin’s admins dump premined coins on investors by accepting real money for points, which are then converted into coins.
That money is used to pay referral commissions and Swisscoin ROIs (when exchanged internally).
The conclusion is the SwisCoin admins get real money in exchange for a premined worthless shitcoin. That’s all that’s happening here.
Dear all,
I’m Phument who is from Cambodia. I have invested and traded swiscoin (SCN) for a while but currently swiscoin system got maintenance.
I’m not sure whether swiscoin will scam soon? And if it’s going scam what will happen for the most investors from many countries around the world?
And should we trusted any exchanges anymore? Especially c-cex.com that we can traded swiscoin inside it.
What will happen with c-cex.com if swiscoin going to scam ?
Hopeful, the knowledge person will kindly answer me and let all people around the world clearly know about swiscoin.
Best Regards,
Phument
SwisCoin’s business model defines it as a Ponzi scheme. It can’t “go scam”, the business was a scam from inception.
Same as any other Ponzi scheme, you all lose your money.
Thank you so much, Oz. I will note in my mind for the Ponzi scheme from now. If you don’t mind could you just compare the swiscoin (SCN) in the swiscoin system between SCN in the trade exchange, please.
Between the swiscoin in the system (swiscoin exchanges) and swiscoin in the trading swiscoin (Trading Markets), could you explain, please.
SwisCoin’s owners sold you worthless Ponzi points, which they converted into pre-mined SwisCoins.
You gave them real money for an absolutely worthless cryptocurrency.
Anything traded internally saw newly invested funds used to pay off existing investors, making SwisCoin a Ponzi scheme. Externally SwisCoin is worthless, as reflected on the few public exchanges it was traded on.
Dear Oz, Thank you so much for your support and quickly reply.
Hopeful, i will be useful for the people around the world.
Keep well away, smells of total Ponzi pyramid, the whole lot will collapse, dont be the bunny without the seat on the sinking ship…
Its interesting that Ruslan bothered to talk to you at all lol..you must have really gotten under his skin with those statements…The only real problem I see with your review is that its starting to look like a baloon with nothing more than Air inside.
It be hard to be a Scam and at the same time have 347 BTC in Volume traded in the past 24 hours lol dont you think? and your so beloved NovaExchange is actually the one that has the most Traded on which is 110 BTC..can you count how much is 347 BTC in the past 24 hours? because if you cant thats over 250 000 USD…
(Ozedit: Offtopic derail attempts removed)
Nothing beyound that is fixed…He didnt ask me to come here and comment he doesnt even know I found out he was here lol nor am I promoting Swiscoin but it kind of rubs me the wrong way when I see that people trust you and decide not to give something a chance based on purely words that do not hold any SOLID Evidence behind them..
Sure you might have seen some stuff but I’m also really good at this so called “Judging” whether something is real or not… And from what I see for this particular company and i’ve been looking closely the past 6-7-8 months it does start to make me wonder whether or not I should Join it too because its not as nearly as Fake\Scam\Ponzi as you make it bee.. Would the Mayor of Kiev fall for such SCAM?
In case you don’t know who that is either .. it just lowers my proffessional opinion on you even further because its a boxing legend Vitali Klitschko… he must be a pretty dumb guy to achieve succees in the boxing ring then become mayor of Kiev and Associate himself with some Ponzi Scheme don’t you think?
like how did that guy even become mayor right lol.
Regardless of how much volume is traded between SwisCoin affiliates, it doesn’t change the fact that SwisCoin the MLM opportunity is a pump and dump altcoin Ponzi scheme.
No idea and don’t really give a shit.
Legitimacy by association is meaningless when you’re running a Ponzi scheme business model.
You crapped on for five lengthy paragraphs and didn’t address the Ponzi business model once. Scam confirmed.
Swiscoin is already in the market. What do you say now?
How about “best of luck with your worthless altcoin”?
Sooner or later you’ll realize you paid the SwisCoin admins good money for nothing.
I dont have any coin bro, 🙂 I’m just questioning your credibility and sincerity. if it’s in the market then it’s not ponzi points. Am I correct?,
you keep on saying it’s a scam ponzi points etc now it get into the market and has some value eventho it’s small. I dont really know what I wanted to know is what do you say about it now? still going to call it ponzi points?
SwisCoin tokens aren’t in the market. The company accepts real money for worthless tokens. Therein lies the Ponzi points scheme.
Not withstanding the pyramid scheme side of the business, which you’re conveniently ignoring.
Just passing by. Creat comments!
Now I need to go save one of my friends who has falen for the trap.
This thing is terminally broken now due to a hard fork, “hackers” and incompetent devs. That’s the story anyway, although the decimation of the price in 2017 reeks of set up, surprise, surprise..
There are supposedly 500m of these forked “coins” in the wild and exchanges are dropping Swiscoin to avoid being double spent on.
C-Cex said
The Swis admin have just posted
The back story should be interesting, in a grubby sort of way.
The Tl,dr is the usual one: the “coins” are worthless.
Hi gays, What happening with swiscoin on coinmarketkap?
Is this collapse of sistem? End of the game?
It will be too much for some people, it is not fer, in same time swiscoin and onecoin!!!