Coin Active provide no information on their website about who owns or runs the business.
The Coin Active website domain (“coin-active.com”) was privately registered on January 16th, 2018.
Coin Active provide an incorporation certificate on their website, which corresponds with “Coin Active LTD”.
Coin Active LTD was incorporated in the UK on November 20th, 2017.
The address used to incorporate Coin Active LTD belongs to the famous Harrods, London department store.
Stefan Wiggins is listed as the sole Director of Coin Active LTD, through a separate residential address in London.
No information exists outside of the incorporation linking Wiggins to Coin Active, suggesting he likely doesn’t exist.
UK incorporation is dirt cheap and for the most part unregulated. It is a favorite for scammers looking to incorporate dodgy companies.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
Coin Active Products
Coin Active has no retailable products or services, with affiliates only able to market Coin Active affiliate membership itself.
The Coin Active Compensation Plan
Coin Active affiliates invest funds on the promise of an advertised ROI:
- XRP Plan – invest $10 or more and receive a 225% ROI after 42 days
- Dash Plan – invest $100 or more and receive a 200% ROI after 35 days
- BTC Plan – invest $1000 or more and receive a 180% ROI after 28 days
- ETH Plan – invest $500 or more and receive a 160% ROI after 21 days
- LTC Plan – invest $20 or more and receive a 130% ROI after 21 days
Note that while Coin Active’s investment plans are named after various cryptocurrencies, the plans themselves have nothing to do with cryptocurrency.
Coin Active pay referral commissions on invested funds down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – affiliates who invest $30,000 or more receive a 10% commission, everyone else is paid 5%
- level 2 – 3%
- level 3 – 1%
Joining Coin Active
Coin Active affiliate membership is free, however free affiliates can only earn referral commissions.
Full participation in the Coin Active MLM opportunity requires a minimum $10 investment.
Coin Active claim to generate external ROI revenue by investing “members’ funds on major investments”.
The company however provides no evidence of any external investment being made.
Furthermore Coin Active’s claims fails the Ponzi logic test.
If Coin Active’s anonymous owners were already able to consistently generate a legitimate 160% ROI every 21 days, why would they be soliciting investment from randoms over the internet?
The sole verifiable source of revenue entering Coin Active is new affiliate investment.
Using newly invested funds to pay existing affiliates a ROI makes Coin Active a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment slows down so too will newly invested funds.
This will starve Coin Active of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of investors lose money.