Coin Forever Review – Legit Company Or Ponzi Cycler?

coin forever reviewThanks for reading my Coin Forever Review! Is this company legit or just some $50.00 in, $3,150.00 out Ponzi Cycler?

There is absolutely no information on the Forever website signifying who owns or runs the business.

The Coin Forever website domain, coinforever.com, was privately registered on November 22, 2016.

Additional research discloses Coin Forever members identifying serial scammer Luis Castillo as the owner, though I was incapable of independently verifying this information.

Like always, if an MLM company is not willingly truthful about who is running or owns it, think long and hard about handing over any money.

Coin Forever Product Line

It’s very unfortunate that this company has no retailable products or services whatsoever. Members are only capable of marketing Coin Forever affiliate membership itself.

Coin Forever Compensation Plan

The programs compensation plan has members buy $50.00 spots in a five-tier 2×2 matrix cycler.

The 2×2 matrix puts a member at the top of a matrix, with 2 spots directly underneath them.

These 2 spots form the initial level of the matrix. The 2nd level of the matrix is created by dividing each of the 2 spots into another 2 spots each (4 spots).

Overall, a complete 2×2 matrix holds 6 spots to fill.

Spots in the matrix are filled through direct and indirect recruitment of new Forever members.

Once all 6 spots in a matrix are filled, a “cycle” is activated and the spot cycles into the next tier of the matrix as follows:

  • Matrix 1 (positions cost $50) – $50 commission paid out, generates a new Matrix 1 position and cycles into Matrix 2
  • Matrix 2 – $100 commission paid out, generates a new Matrix 2 position and cycles into Matrix 3
  • Matrix 3 – $200 commission paid out, generates a new Matrix 3 position and cycles into Matrix 4
  • Matrix 4 – $300 commission paid out, generates a new Matrix 4 position and cycles into Matrix 5
  • Matrix 5 – $2500 commission paid out and generates a new Matrix 5 position

A 10% matching bonus is also paid on personally recruited member earnings, beginning at Matrix 2.

Note: In order to qualify for commissions, each Coin Forever member must recruit at least 2 spot purchasing members.

Joining Coin Forever

The Forever affiliate membership is completed by a $50.00 matrix spot purchase.

Bottom Line?

With nothing marketed to or sold to retail customers, Coin Forever presents a modest $50.00 in, $3,150.00 out Ponzi scheme.

Nothing at all is marketed to or sold to retail customers, with the only provable source of revenue entering Coin Forever matrix spot purchases by members.

The use of new member funds to pay off existing members an eventual $3,150.00 ROI makes Coin Forever a Ponzi scheme.

Coin Forever – My Conclusion

As with all Ponzi schemes, once new member recruitment dies down, so too will new funds entering the system.

Not to mention, you have the phantom spots created at each cycler tier, pulling money from the system without adding any new money.

These phantom spots profit those who get in early (none more than the Forever administrator), and rapidly drain the scheme of deposited funds.

Ultimately new spot purchases will drop off such that the Forever program will be incapable to meet its ROI obligations. At that point in time, the administrator disappears and most Coin Forever members realize that they’ve lost their money.

The website states:

“ARE THERE ANY REFUNDS? Absolutely no refunds.”

Coin Forever only accepts bitcoin, so expect victim fund recovery efforts to be slim to none.

Thanks for reading my Coin Forever Review. Remember to subscribe below for my secret tips and strategies.  

josh paiva

 

Click Here to Subscribe

Wishing You Only the Very Best!

Email:  josh@joshpaiva.com
Skype:  joshkpaiva

Also…

Follow me on Social Media Below:

Follow Me On Instagram Here.

Follow Me On Facebook Here.

Subscribe To My YouTube Channel Here.

Follow Me On Twitter Here.

Follow Me On Linkedin Here.

P.S.  Click to get your free report below 🙂

Leave a Reply

Your email address will not be published. Required fields are marked *


*