ROI programs are nothing new and Mining Max has just hit the radar.
It’s common place for companies like Mining Max to reveal zero information on their website or tell us who owns the company.
So we decided it’s a great fit to do a review and keep you abreast in the work at home field!
Mining Max Review – Legit or Scam?
With a bit of research we found that the ‘miningmax.net’ url was registered back in September of 2016. It’s set to private.
On their website Mining Max provided a Nevada incorporation number however the company address seems to be out of California.
It’s very possible someone outside of the US is operating Mining Max but that is still unclear.
We decided to run some tools on the Mining Max website and check out it’s traffic and where it’s coming.
Alexa estimates that over half of Max traffic is out of South Korea.
The company also claims there ‘internet data center’ operates out of Seoul Korea.
Just a few short months later, April of 2017 to be exact, a Youtube video of Mining Max was posted naming Daniel Park as the founder of CEO of Mining Max.
Unfortunately after combing the internet for more information on Daniel Park I couldn’t come up with anything.
Personally I wouldn’t have to go any further into this review.
Investing money into a company with so many question marks is usually not a good idea.
Mining Max – Product?
Like most programs like this one we can’t seem to find a product. You would think a company that registered their website back in September would have more info up on their site.
Seems as if the only investment you can make into Mining Max is into the affiliate membership itself.
So basically there is no product which usually constitutes a scam. But lets dig a bit more and see if we missed something.
Mining Max – Compensation Plan?
From what we could gather Mining Max affiliates invest $3200 and promises to pay out an ROI for two years.
For every affiliate you bring in at the $3200 level they pay out $200.
Even if there was a product or service that’s not much of a commission.
Mining Max pays out residuals through their binary comp plan.
Basically there is a left and right leg which splits into positions. First level has two positions and that duplicates throughout.
Every person that buys into the program will have two people on their first level.
These levels can be filled through direct and indirect recruitment.
Mining Max pays out a matching commissions. Every affiliate is paid $140 per $3200 matched on both sides of binary.
There is no limit to how deep a binary team can grow.
Mining Max operates on ‘fear of loss’ mentality. An affiliate can only earn to a certain point depending how much they have invested themselves.
Max $3200 commissions are flushed on both sides. When this happens unmatched amounts are then carried over to the stronger side.
Max Matching Bonus
Program claims to have a matching bonus which pays to downline affiliates. Pays on a unilevel team structure.
Mining Max supposedly pays out on ten levels starting with a %5 matching bonus across all ten levels.
Again is it all determined on how much one invests into the program.
Max Mining Bonus
Company claims that their ROI payouts are generated via Ether mining.
Supposedly 7% of the mining output is set aside for the so called mining bonus.
Of course there is a catch. You must invest minimum of $9600 to quality for this so called mining bonus.
Star Sharing Bonus
This so called Start Sharing Bonus supposedly puts aside 3% from their mining output.
Affiliates receive a share from the bonus pool. It is all based on rank.
- 1 Star invests at least $32,000 for one share in a 50% sharing pool
- 2 Star invest at least $64k for one share in 20% sharing pool
- 3 Star invest at least $96k and have 2 Star ranked affiliate on both sides for one share in the 15% sharing pool
- 4 Start invest at least $96k and have$1.6 million in downline investment volume, 3 Star ranked affiliates and share in the 10% pool
- 5 Star invest at least $96k and have $3.2 million volume and have a 4 Star ranked affiliate for 5% pool
Mining Max – Should You Join?
Well if you don’t mind investing $96,000 for full participation into a program that doesn’t even tell you who owns it.
Then go for it!
Personally I would never put my money into a program like Mining Max for many reasons.
The website is not clear at all. We don’t know who owns or operates the company. There are so many questions.
Conclusion – Scam or Legit?
The company itself claims to be a legit mining ether company.
They claim to be partners with a facility operating in South Korea.
From what I could gather there is ZERO proof of any mining taking place.
No screen shots, no video, no nothing.
Mining Max most definitely resembles other ‘Ponzi’ type models we have seen come and go over the past months.
If indeed people are being paid on affiliates investing into the program and there is no real product.
Well that is a pyramid scheme. Joining Mining Max would be extremely risky and I would have to say not a good idea.
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