MintBuilder claims to be a new way to earn gold, silver, and bitcoin. Find out if it’s a scam or a legitimate investment opportunity today in our review.
What is MintBuilder?
MintBuilder is some type of multilevel marketing company that’s currently in the early pre-launch stages. The company can be found online at MintBuilder.com. At this point, there’s limited promotional information or other data available online. The website was registered and appeared online at the end of October 2017.
The company is scheduled to launch on December 1, 2017. There’s a countdown timer on MintBuilder.com counting down to that date.
What we do know about MintBuilder is that it was created by International Silver Network, or ISN, a multilevel marketing company operating in the precious metals space.
In any case, MintBuilder has a lot in common with ISN. As far as we can tell, it’s just a rebranded version of the company that accepts bitcoin in exchange for precious metals. Let’s take a closer look at how MintBuilder promises to make you rich quick.
How Does MintBuilder Work?
MintBuilder is expected to work in a similar way to ISN. With ISN, you pay a membership fee in exchange for the “opportunity” to sell precious metals to people.
That fee isn’t cheap: members are forced to pay a $198 initial membership fee in addition to a $120 per month ongoing fee.
Early advertising for MintBuilder seems to indicate a similar system. MintBuilder has a $199 annual membership fee. However, it’s not clear if they have a monthly membership fee as well.
MintBuilder is advertising itself to the world as a great way for someone with no skills, experience, or money to get rich quick. In an introductory video you can see here, the company asks a question:
“How can some people got to be wealthy?”
MintBuilder claims people who join their system – and pay the hefty membership fee – will become wealthy. “The secret,” as the video explains, “is out”.
Obviously, most multilevel marketing companies feature similar promises. These companies avoid telling you that 98% of MLM participants will lose all of their invested money. They lure in gullible, vulnerable people with promises of easy money, then blame those people when things inevitably go wrong – like when the individual can’t sell their inventory of overpriced, low-quality products.
Is MintBuilder just another sleazy multilevel marketing company? Or is this a real opportunity?
The MintBuilder Opportunity
Basically, MintBuilder functions like most multilevel marketing companies. You pay a fee to join, then continue paying a fee to stay active in the company. The company promises to give you “wholesale pricing” on precious metals. Then, you launch a website using MintBuilder’s website building tool, and you’ve effectively “built” a “mint” (which is where the name of the company comes from). You convince people to order precious metals through your website, and MintBuilder delivers those precious metals anywhere in the world within 10 days.
MintBuilder seems to make unrealistic earnings promises. Here’s what the video says about how much money investors can expect to make from the platform:
“This business is so lucrative that you can earn up to $10,000 a week, every week, for the rest of your life.”
In other words, MintBuilder promises that you can use their platform to earn over half a million dollars a year. They provide no examples of any affiliates who are earning this amount, nor do they provide any earnings proof.
How does bitcoin factor into any of this? Your MintBuilder online store can accept bitcoin in exchange for precious metals. That seems to be the only way bitcoin factors into this system.
Is MintBuilder a Pyramid Scheme?
Like most multilevel marketing companies, the main point of MintBuilder doesn’t seem to be selling precious metals online: most affiliates seem to make money by referring other people to the platform.
In this YouTube video, Adam Dimora (one of the lead affiliates for ISN) describes the multilevel referral system used in MintBuilder. There’s a binary commission system (instead of a unilevel system). Dimora also mentions some type of cycler system.
It also appears that there isn’t really an annual membership fee for the vast majority of members. The company frequently tosses around terms about the “real value” of the $199 membership, although it seems nobody actually pays that membership fee.
Who’s Behind MintBuilder?
MintBuilder was created by International Silver Network, or ISN. The company is advertising MintBuilder as a new opportunity “to earn big cash and cycle” referrals. Current ISN members can sign up for the platform using their referral ID.
The MintBuilder.com website was registered on October 12, 2017, according to WHOIS data. It’s unclear if this means ISN is shutting down, or if MintBuilder and ISN are going to complement each other.
A quick Google search for ISN, by the way, shows most people call it a blatant scam with sleazy advertising, unrealistic earning promises, and a pyramid scheme-like business structure. Based on what we see about MintBuilder online, it seems to be building a similar system.
ISN is led by Matt Barkes and Vincent Roy. The guy in the video we mentioned above, Adam Dimora, also seems to be a prominent member of both ISN and MintBuilder.
Ultimately, not much is known about MintBuilder at this time. The company appeared online at the end of October 2017 and has a countdown timer counting to a launch date of December 1. Anyone – especially ISN members – can sign up today through the official website.
The information that we do see online about MintBuilder makes it seem like an ordinary multilevel marketing company, similar to the International Silver Network. You pay an ongoing fee to the company, then operate an online store using their website builder and back-end. Officially, your job is to sell gold and silver to people online in exchange for bitcoin. However, like most MLMs, it seems more lucrative to refer other people to the platform and collect their membership fees. The focus is on referrals – not product sales.
The only way bitcoin plays a role in MintBuilder is that you can accept bitcoin in exchange for selling gold and silver online.
To learn more about MintBuilder, visit the platform online today at MintBuilder.com.