CoinCome provide no information on their website about who owns or runs the business.
The CoinCome website domain (“coincome.info”) was privately registered on February 17th, 2018.
An incorporation number is provided on the CoinCome website, which corresponds with the UK incorporation of Corporate Optimal Income LTD on February 19th.
UK incorporation is dirt cheap and for the most part unregulated. It is a favorite for scammers looking to incorporate dodgy companies.
At the time of publication Alexa cite Russia as the largest source of traffic to the CoinCome website.
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.
CoinCome has no retailable products or services, with affiliates only able to market CoinCome affiliate membership itself.
The CoinCome Compensation Plan
CoinCome affiliates invest bitcoin on the promise of advertised ROIs.
- invest 0.005 to 0.1 BTC and receive a 2.1% daily ROI for 15 days
- invest 0.1 to 1 BTC and receive a 2.3% daily ROI for 25 days
- invest 0.5 to 5 BTC and receive a 2.5% daily ROI for 40 days
- invest 3 to 50 BTC and receive a 2.9% daily ROI for 50 days
- invest 0.02 to 0.2 BTC and receive a 150% ROI after 15 days
- invest 1 to 10 BTC and receive a 250% ROI after 30 days
- invest 3 to 50 BTC and receive a 450% ROI after 45 days
- invest 1 to 10 BTC and receive a 1000% ROI after 60 days
- invest 0.2 to 2 BTC and receive a 2000% ROI after 80 days
- invest 0.03 to 5 BTC and receive a 5000% ROI after 95 days
Referral commissions on invested funds are paid out down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 7%
- level 2 – 2%
- level 3 – 1%
CoinCome affiliates who invest 0.1 BTC or more can qualify as “representatives”.
Representative CoinCome affiliates earn an increased 10% level 1 commission rate.
CoinCome affiliate membership is free, however free affiliates only earn referral commissions.
Full participation in the CoinCome MLM opportunity requires a minimum 0.005 BTC investment.
CoinCome claim to generate external ROI revenue through ‘carefully selected methods of funds managing and trading strategies‘.
The company however provides no evidence of any such methods or management of funds taking place.
Furthermore, CoinCome’s claims fail the Ponzi logic test.
If CoinCome’s anonymous owners actually had a way to legitimately generate a 19,210% annual ROI (without compounding), why would they be wasting time soliciting investment from randoms over the internet?
Even a modest investment would quickly turn into a fortune with that sort of return.
The reality of CoinCome is that new investment is the sole verifiable source of revenue entering the company.
Using newly invested funds to pay existing investors makes CoinCome a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment slows down so too will new investment.
This will see CoinCome unable to meet its advertised ROI obligations, prompting a collapse.
The math behind a Ponzi scheme guarantees that when they collapse, the majority of investors lose money.