Coinsinos, found online at Coinsinos.com, is a digital currency for the online gaming community. Find out how it works today in our review.
What is Coinsinos?
Coinsino is a combination of the words “coin” and “casino”. The company aims to change the norm in the gaming industry by allowing token holders to “be the casino”. By that, Coinsinos means that token holders will receive a share of profits earned by the casino.
Some of the games listed on Coinsinos.com include;
- bitcoin mining
- live dealer games
- table games
- ladder games
- quick keno
- and more
Overall, Coinsinos describes itself as “an innovative technology company that has a great vision in the growing markets worldwide.” The company aims to give consumers “the product they want” while “shifting the profits back to the people.”
Coinsinos isn’t an ordinary blockchain-based online casino: the platform aims to introduce an MLM-style referral system, giving users a reward for convincing others to deposit money into the platform.
How Does Coinsinos Work?
Coinsinos aims to provide service similar to any online casino. However, the difference with Coinsinos is that it has an MLM-style referral system. By buying into that MLM scheme today, you can earn money when the casino makes a profit.
Here’s how the company explains it:
“The vision of the company is to create a new paradigm in MLM, Crypto Currency and online gaming. Can you imagine receiving a daily reward for being a member of the Tribe. How about getting a share of the casino on a quarterly basis! Now you are the “house”. A simple compensation plan that is fair for everyone and not made better for those that buy bigger packages. Every one is equal.”
Coinsinos will feature a diverse selection of online games, including slots, live dealer games, table games, ladder games, “Bit Mining”, “Betchip”, bingo, “Quick Keno”, and “Cockfight”.
Yes, Coinsinos really lists “Cockfight” as one of its games. None of these games appear to have been released or developed as of yet. Cockfight, however, appears to be a game where you bet on the results of a genuine cockfight: the thumbnail image for the game shows too roosters fighting. The other games are self-explanatory.
None of the games have been shown to the public, and it’s unclear if the games are going to be provably fair via blockchain technology.
Who’s Behind Coinsinos?
Coinsinos is led by co-founders Lorence Irvine and Daniel Grenon.
Irvine is a Vancouver, Canada-based MLM specialist currently serving as CEO of Coinsinos. Irvine began his MLM career in 1970 with Best Line Products.
Grenon, meanwhile, is a Quebec-based MLM specialist active in 30+ countries worldwide.
Other listed members of the team include Jan Manipol (Chief Technology Officer and Director of Gaming) and Dudut Santiago (Chief Administrative Officer).
The Coinsinos website prominently features an image of Eric Schmidt (a key figure at Google since 2001 and current Executive Chairman of Alphabet, Inc.). However, Schmidt is not connected with Coinsinos in any way, shape, or form. Schmidt’s image is featured under the “Team” section of Coinsinos.com, but the website just features a random quote from him – Schmidt has not endorsed the company in any way.
There is also the Softec Digital Solutions Inc which is the company that is helping piece all of the network marketing, cryptocurrency and online casino aspects into one unique opportunity for all to participate. We will also keep digging into their Power 365 online gaming and cryptocurrency platform being released this year too.
Coinsinos Compensation Plan Rewards
We will admit this part will need to be updated in the coming weeks and months whenever it is made clear as to what it all means and how to best interpret it.
From what we can tell so far, there will be quite a bit of start packages available:
- Bronze Elite
- Silver Elite
- Gold Elite
Also there will be leadership ranking position advancements to strive for:
- Blue Diamond
- Black Diamond
- Crown Diamond
- Crown Ambassador
The compensation rewards will include:
- Fast Start
- Indirect Fast Start Bonus
- Binary Bonus
- Matching Bonus
You will see the Betchip, Power365 and Pool Points all explained once more details are available to include.
At best, Coinsinos is an online gambling MLM platform in the very early stages of development. At worst, it’s a complete scam. The company has no public products in place – like playable casino games or an online betting platform. They advertise “cockfighting” as one of their available games. The team section features “Eric Schmidt” of Google, despite the fact that he has no connection to the project. And the entire scheme is wrapped up in some vague pyramid scheme.
Ultimately, Coinsinos aims to combine multilevel marketing with online casino games. Right now, however, the project appears to be in the early stages of development, and it’s unclear how the company plans to achieve its goals. To learn more about Coinsinos and how it works, visit online today at Coinsinos.com.