Mr CryptoCoins – Proven Bitcoin Digital Cryptocurrency Trading?
Mr CryptoCoins claims to be a digital currency trading platform (and an affiliate membership recruitment income opportunity) that can provide a 200% return on investment (ROI) in just 80 days.
There's absolutely zero information on the Mr CryptoCoins website regarding who runs the show. There are vague mentions of “a team of experienced cryptocurrency traders” but no details are given.
Likewise there's no way to figure out who's running the website from behind the scenes. The site's registration reveals nothing except that it was registered in late March of 2017. The identity of the registrant is hidden behind a private domain registration service.
There's no real “product” you can buy associated with Mr CryptoCoins. Instead, the company offers an opportunity to “invest” in it with the promise of an 80-day 200% ROI.
There are eight different investment tiers for Mr CryptoCoins. These tiers start at 0.05 Bitcoin (BTC) and go as far as 5 BTC. Each tier has different benefits in that an investor can receive more affiliate recruitment income the more they invest (more on that below).
Besides that, the only other opportunity that Mr CryptoCoins offers is an affiliate recruitment scheme.
Mr CryptoCoins Opportunity
Mr CryptoCoins offers commissions based on a percentage of what your recruits invest within the company. Commissions are set up in a binary matrix.
At the end of every day, the amount invested by both legs of your binary matrix are tallied up. The weaker leg of your matrix then determines how much you receive as a daily commission ranging from 5% at a tier one personal investment level to 16% at a tier 8 personal investment level; your ability to generate income is dependent entirely on how much you've personally invested in the system.
Here's a complete list of the commission percentages:
- Tier 1: 5% daily commissions, capped at 0.1 BTC daily
- Tier 2: 6% daily commissions, capped at 0.2 BTC daily
- Tier 3: 7% daily commissions, capped at 0.6 BTC daily
- Tier 4: 9% daily commissions, capped at 1 BTC daily
- Tier 5: 11% daily commissions, capped at 2 BTC daily
- Tier 6: 13% daily commissions, capped at 4 BTC daily
- Tier 7: 15% daily commissions, capped at 8 BTC daily
- Tier 8: 16% daily commissions, capped at 10 BTC daily
This obviously acts as an incentive to invest as much as you can afford as soon as possible in order to maximize your daily commissions.
Mr CryptoCoins Verdict
There are a slew of problems with Mr CryptoCoin, the least of which is the fact that there's no information regarding who's running the company.
That's a major red flag in its own right, but for the sake of argument let's consider the other negative factors with this opportunity.
First, there's no verifiable proof that Mr CryptoCoin actually invests and trades on the digital currency exchange market. There's no proof provided of any trade history, which makes the idea that the company will provide you a 200% ROI over just 80 days completely unbelievable.
Secondly, the logic just doesn't pan out. Why would any investment firm that can produce 200% ROI consistently over 80 day periods ever need to have a commission-based affiliate recruitment program?
The answer is of course that Mr CryptoCoins is the farthest thing from a legitimate investment opportunity. Forget the fact that the company refuses to tell you who's running it or that it doesn't provide any proof of its claims – instead focus on the fact that the money being collected by Mr CryptoCoins – supposedly to invest in the digital currency exchanges – is just being used to pay off investors expecting their 200% ROI.
This is a typical scheme that's been used before by any number of scammers. Promise big returns, encourage aggressive affiliate recruitment to build capital, and then take a portion of that capital to pay off the first few waves of investors expecting big payouts. The anonymous admins of the scheme then pocket the rest.
Things get even more egregious when recruitment peters out. With no new source of revenue, the company simply shutters – keeping all of the money it's collected, disappearing into the night and leaving anyone who's invested heavily out twisting in the wind.
It's not a matter of if this is going to happen with Mr CryptoCoins – it's a matter of when. With an 80-day ROI period, it's likely to be sooner rather than later.
If you managed to get in early, you might get your first 200% ROI, but don't even think for a moment you're going to see another one – that money you've been given came from other hoodwinked investors, not from Mr CryptoCoins' cadre of invisible crypto traders supposedly working behind the scenes.
Avoid this one like poison. It's not worth it.