Coinifica provide no information on their website about who owns or runs the business.
The Coinifica website domain (“coinifica.com”) was registered on March 1st, 2017.
Mario Cappellery is listed as the owner, through what appears to be a bogus address in the UK.
Coinifica is tied to Coinifica LTD, which was incorporated in the UK on March 10th.
Mario Cappelleri is listed as the sole Director of the company, through the same bogus UK address.
UK incorporation is cheap and for the most part unregulated. In MLM they are mostly used by dodgy company owners.
No information on Cappelleri outside of the Coinifica domain registration exists, casting doubt on whether he’s an actual person.
Offered languages on the Coinifica website include English and Russian, suggesting the company is likely being run elsewhere in Europe.
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.
Coinifica has no retailable products or services, with affiliates only able to market Coinifica affiliate membership itself.
The Coinifica Compensation Plan
Coinifica affiliates invest funds on the promise of a 3% daily ROI for 50 days (150%).
Referral commissions are available on funds invested by downline affiliates, paid out down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 7%
- level 2 – 2%
- level 3 – 1%
Coinifica affiliates who elect to sign up as “local representatives receive an increased 8% level 1 commission rate.
Coinifica affiliate membership is free, however free affiliates only earn referral commissions.
Full participation in the Coinifica income opportunity requires a minimum $10 investment.
Coinifica claim to generate ROI revenue through “cryptocurrency trading and alternative asset management”.
We offer stable fixed 3% daily income for a period of 50 calendar days with initial investments included into daily payouts.
Coinifica’s first red flag is that neither cryptocurrency trading or asset management offers a fixed daily return.
Furthermore Coinifica provide no evidence of crypto trading or asset management taking place.
Coinifica’s business model also fails the Ponzi logic test.
If Coinifica’s anonymous owner(s) were able to legitimately generate a consistent 3% daily ROI (that’s 1095% annually without compounding), they’d have no reason to solicit investment from randoms over the internet.
The reality behind Coinifica is that new affiliate investment is the only verifiable source of revenue.
Using newly invested funds to pay off existing investors makes Coinifica a Ponzi scheme.
As with all Ponzi schemes, once affiliate recruitment slows down so too will newly invested funds.
This will starve Coinifica of ROI revenue, eventually prompting a collapse.
The math behind a Ponzi scheme guarantees that when they collapse, the majority of investors lose money.