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Master Coin Plus operate in the cryptocurrency MLM niche and name Thomas Armour as CEO of the company.
Armour is based out of Florida in the US. On his LinkedIn profile, Armour cites himself as an “internationally recognized keynote speaker, author, coach, sales trainer, and educator.”
Prior to Master Coin Plus Armour (right) was the President of YoCoin.
YoCoin is a pump and dump MLM altcoin launched just over a year ago.
Affiliates invested up to $2000 in YoCoin. After reaching a pump high of 33.9 cents in early July, 2016, today YoCoin’s dump value is just 0.3 cents.
Update 25th July 2017 – A former YoCoin affiliate reached out and stated they’d never heard of Thomas Armour being President of YoCoin.
I went to cite my research and couldn’t find the original reference I came across when researching this review.
Dug into it a bit more and realized Tom has been deleting any and all references to YoCoin on his social media profiles and video accounts.
LinkedIn doesn’t cache but below you can see Armour refer to himself as “President at the Greatest Currency”:
Under that position heading was a description for YoCoin, which I took as Armour claiming to be President of YoCoin.
No idea if that was a stealth position or Armour was telling porky pies, but it is what it is. /end update
On the affiliate side of things Armour has promoted Game Loot Network, Saivian and Magic 10 Maketing.
Read on for a full review of the Master Coin Plus MLM opportunity.
Master Coin Plus Products
Master Coin Plus has no retailable products or services, with affiliates only able to market Master Coin Plus affiliate membership itself.
Master Coin Plus affiliates invest on the expectation they’ll receive a net ROI after 120 days.
Bundled with Master Coin Plus affiliate investment is access to “Master Coin Plus University”, which purportedly explains “golden cryptocurrency trading rules”.
The Master Coin Plus Compensation Plan
Master Coin Plus affiliates invest in 0.0625 to 32 BTC “packages” on the promise of a 120 day ROI.
Residual commissions are paid on funds invested by recruited downline affiliates.
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Master Coin Plus pay residual commissions via a binary compensation structure.
A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).
Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.
Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note that there is no limit to how deep a binary team can grow.
At the end of each day Master Coin Plus tally up new investment volume on both sides of the binary team.
Master Coin Plus affiliates are paid a percentage of matched volume on both sides of the binary team.
- invest 0.625 BTC and receive a 7% binary commission, capped at 0.15 BTC a day and/or 3 BTC a month
- invest 0.125 BTC and receive a 8% binary commission, capped at 0.25 BTC a day and/or 7 BTC a month
- invest 0.25 BTC and receive a 9% binary commission, capped at 0.5 BTC a day and/or 15 BTC a month
- invest 0.5 BTC and receive a 10% binary commission, capped at 1 BTC a day and/or 30 BTC a month
- invest 1 BTC and receive a 12% binary commission, capped at 2 BTC a day and/or 60 BTC a month
- invest 2 BTC and receive a 14% binary commission, capped at 4 BTC a day and/or 120 BTC a month
- invest 4 BTC and receive a 16% binary commission, capped at 8 BTC a day and/or 240 BTC a month
- invest 8 BTC and receive a 18% binary commission, capped at 16 BTC a day and/or 480 BTC a month
- invest 16 BTC and receive a 19% binary commission, capped at 32 BTC a day and/or 960 BTC a month
- invest 32 BTC and receive a 20% binary commission, capped at 64 BTC a day and/or 1920 BTC a month
Unmatched investment on the stronger binary side is carried over the next day.
Joining Master Coin Plus
Master Coin Plus affiliate membership is tied to an investment of between 0.0625 and 32 BTC.
The more bitcoin a Master Coin Plus invests the higher their income potential via the Master Coin Plus compensation plan.
Conclusion
Master Coin Plus appears to be an attempt to market a bitcoin doubler, without referring to it as a bitcoin doubler.
Affiliates are only investing bitcoin on the expectation Master Coin Plus will pay them a 120 day ROI.
Officially however all I could find was mention of “growing” invested bitcoin funds. Master Coin Plus are careful not to explicitly provide an exact ROI percentage.
Those investing aren’t so heavy with the pseudo-compliance and peg Master Coin Plus’ expected return at 200%:
This aligns Master Coin Plus with other bitcoin doublers that have launched this year (GladiaCoin, JetCoin, Cointherum, Royal Dragon Traders, TwiceCoin etc.).
Master Coin Plus claim they generate affiliate ROIs through cryptocurrency trading, mining and the use of bitcoin ATMs.
Like all of the aforementioned bitcoin doubler scams however, the company provides no proof of any of these activities are taking place or tied to affiliate ROIs.
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This leaves new affiliate investment the only verifiable source of revenue entering the company, the use of which to pay existing affiliates a ROI makes Master Coin Plus a Ponzi scheme.
On the regulatory front Thomas Armour is based out of the US and Master Coin Plus is being pitched to US residents.
At the time of publication Alexa estimate the US is the largest source of traffic to the Master Coin Plus website (28%).
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A search of the SEC’s Edgar database however turns up nothing for Master Coin Plus or any derivatives.
This means Armour and Master Coin Plus’ MLM opportunity is an unregistered securities offering, made in violation of the Securities Exchange Act.
As with all Ponzi schemes, Master Coin Plus will collapse once newly invested funds run out. For the bitcoin doubler model, this is typically well before the initial maturity period (residual commissions further drain available ROI funds).
As has happened time and time again, when a bitcoin doubler Ponzi collapses the majority of investors lose money.
Related Posts:
- Empire Coin Club Review: Bitcoin package investment Ponzi- Feb 4th, 2018
- Me Coin Review: 39.71% a month bitcoin trading ROI?- Apr 7th, 2017
- Cointherum Review: 90 day bitcoin doubler Ponzi- Jun 10th, 2017
- Global Coin Community Help Review: GCR Coin Ponzi scheme- Jul 8th, 2016
- YoCoin Review: Pump and dump altcoin with recruitment- Jul 23rd, 2016
Contents
- 1 Coin Master VIP Member
- 1.1 How To Became Coin Master VIP Member
- 1.1.1 Coin Master VIP Account
- 1.1.4 Conclusion
- 1.1 How To Became Coin Master VIP Member
How To Became Coin Master VIP Member
Coin Master VIP Account
Today We’ll Tell You, “How To Became Coin Master VIP Member”. It’s The Most Important Questions Asked By Many Coin Master Members. So In This Post I’ll Give You All Questions Answers.
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Conclusion
Now It’s Your Decision, If You Want To Became VIP Member, Then You Have To Spend More Money, Otherwise You Can’t Be A VIP Member. According To Me, It’s Not Necessary To Became VIP Member, Without VIP Member, You Can Get Also Rewards.
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