InterCoin Capital: Legit International Coin Bank (ICC) Crypto MLM?
Have you recently heard of a new company in the market called InterCoin Capital and you are wondering whether this company is interesting or not? It’s always good to be well-informed before investing, so this guide will help you to understand everything that you can about it.
What Is InterCoin Capital?
InterCoin Capital is a company that operates in the niche of multi-level marketing, which you must know that is simply full of scams. While not every company that presents itself this way will be a scam, a good portion will. The company provides no corporate details at all for customers but affirms that its CEO if Roman Arayan.
While the CEO of the company has enough pictures to look like a real person, he does not have an online footprint that can be followed, so it is hard to know a lot about him. There is a good possibility that Roman Arayan is not even the name of the CEO.
The company is marketed across Southeast Asia and it affirms that it has offices in California, in the U. S., despite the fact that this does not seem to be the truth.
As you may have already guessed, InterCoin Capital does not have any retailable product. It only offers membership. Once you have already signed up, you can get points via the wallet of the company and trade them for money to get Bitcoin in exchange. The more people you recruit, more money you get. The promise of investment is 0.4% daily.
You get money from referrals and from affiliate commissions and residuals, so getting more and more people for the company is the way to make a buck.
Membership is free but you need to invest in order to get some money, so you can only sign up for free to see how it all works.
InterCoin Capital Crypto MLM Is A Scam
It is pretty easy to see that this company is a scam. It has all the hallmarks of a High Yield Investment Program (HYIP), which are mostly scams and it uses Multi-Level Marketing without a product, which generally means that the whole thing is a Ponzi Scheme.
The company affirms that it uses the money from the clients to make money via AI bot trading and arbitrage but this is far from ideal as the company never actually proves that any crypto is traded. Without any evidence, it would be foolish to simply trust the company.
The points that you get from the company are worthless and have no purpose despite creating a fake sensation of wealth. They are not tradeable and they do not even exist outside of the company’s “wallet”. The allegations about the CEO and the California headquarters are also probably not real.
Also, you should note that the U. S. Securities and Exchange Commission (SEC) is very strict with the fact that you have to register in order to offer securities and this company is not regulated. The scam is obvious and it uses the crypto hype that started last year to fool people into believing that they actually offer some product when they do not.