iCoin Market Review: Desperate attempt to resuscitate Ads Cash Coin
iCoin Market provide no information on their website about who owns or runs the business.
The iCoin Market website domain (“icoinmarket.com”) was first registered in April, 2013.
The domain registration details were recently undated on May 8th, 2017, suggesting this is when the current owner(s) took possession of it.
An address in Hong Kong appears on the iCoin Market website, with the same address appearing on the Click Intensity website.
Click Intensity is a Ponzi scheme launched in early 2016 by Nick Johnson.
Johnson’s ownership of iCoin Market can be confirmed by visiting Johnson’s Facebook profile, on which he refers to iCoin Market in the possessive:
When Click Intensity launched details on Johnson were scarce, leading to suspicion it was a bogus name.
Since the launch Johnson (right) has remained active on social media, where he promotes the various schemes he’s launched.
Click Intensity began collapsing about a year after launch. Johnson addressed this by launching another Ponzi scheme, Ads Cash Coin.
Through Ads Cash Coin, Johnson offloaded generated Ads Cash Coin points onto Click Intensity affiliates.
Initially purchased at 2 cents a point during prelaunch, Click Intensity affiliates were told the value of their Ads Cash Coin points would rise
to 0.25 cents to 0.50 cents just within launch and then easy to a $1 in 90 days of launch and then up to $10-$25 in 12 months thereafter to 24 months.
Ads Cash Coin went into prelaunch in February, 2017. As of July 4th 13th, the value of an Ads Cash Coin point was just 10.5 cents.
With affiliates demanding answers and once again desperate to recoup their losses, in mid June Johnson announced the launch of iCoin Market.
Read on for a full review of the iCoin Market MLM opportunity.
iCoin Market Products
iCoin Market has no retailable products or services, with affiliates only able to market iCoin Market affiliate membership itself.
The iCoin Market Compensation Plan
iCoin Market affiliates invest funds on the promise of ROIs of up to 300%.
- Aggressive – receive 60% of profits generated after 3 months
- Distributed – receive 40% of profits generated after 6 months
- Safe – receive 30% of profits generated after 12 months
- Stable – receive 20% of profits generated after 18 months
- Fixed – receive 10% of profits generated after 24 months
Note that 50% of generated ROIs paid out are paid in bitcoin. The other 50% is paid in Ads Cash Coin.
Referral commissions on invested funds are paid out down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 10% (must invest at least $100 to qualify)
- level 2 – 3% (must invest at least $1000 to qualify)
- level 3 – 2% (must invest at least $10,000 to qualify)
Joining iCoin Market
iCoin Market affiliate membership is free, however free affiliates do not earn MLM referral commissions.
The minimum investment to qualify for MLM commissions is $1000.
Full participation in the iCoin Market income opportunity requires an investment of at least $10,000.
An Initial Coin Offering (ICO) is where an existing cryptocurrency (typically bitcoin or ether) is used to crowdfund a new cryptocurrency.
Our trading expert makes trade & secure profit. Investments in Icon Market will assure you returns up to 300%.
iCoin Market would have you believe there are hundreds of ICOs around just waiting for you to throw your bitcoin at. Something something, and you get a 300% ROI.
The reality of iCoin Market is it’s nothing more than a ruse to get people to indirectly invest in Ads Cash Coin.
Naturally Ads Cash Coin hasn’t met the projections Click Intensity affiliates who invested were given, and so the race is on to salvage what’s left before the entire thing collapses.
Unfortunately for Nick Johnson, confidence in a third Ponzi scheme launch in two years isn’t likely to be high.
Another possibility is iCoin Market being set up as a quick pump and dump last hoorah.
Visitors to the iCoin Market website are presented with the following message highlighted in yellow:
Investments for Trading will only be Accepted for the First 30 Days Only… After Launch.
In any event, Nick Johnson’s history speaks for itself. Launch an MLM underbelly scam, milk it and then launch something else when it begins to collapse.
If you’ve lost that much in Click Intensity and Ads Cash Coin that you’re buying into iCoin Market regardless, at least ask for proof of ICO investment before handing any money over.
If Johnson was able to legitimately generate 300% ROIs every three months, neither Click Intensity or Ads Cash Coin would have collapsed in the first place.